May 27, 2019

At least nine illegal Zimbabwean miners die after mine collapse

At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by Metallon Corp.

May 27, 2019

Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania woes — CEO

The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner…

May 27, 2019

Danakali about to secure financing for potash project in Eritrea

Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate…

May 26, 2019

South African carbon tax finally becomes law

The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and…

May 24, 2019

Ghana seeks investors to mine untapped bauxite sources

Ghana Integrated Aluminium Development Corp. is receiving proposals on how to expand bauxite production and build refining and smelting capacity for the manufacturing of alumina and aluminum.

May 24, 2019

Vedanta’s Zambia liquidation case adjourned until June 4

A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday.

May 24, 2019

Mali official gold exports increase 15% in 2018 to over 61 tonnes

Almost all recorded gold was from industrial-scale mining, with just 800 kilograms recorded from artisanal mines.

May 24, 2019

B2Gold not buying Zimbabwe project, not interested in M&A

The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.

May 23, 2019

B2Gold said to be in talks to buy Zimbabwe gold project

If the transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mine.

May 23, 2019

Vedanta says to challenge appointment of provisional liquidator of Zambia’s KCM

The liquidation application was brought against Vedanta-controlled KCM by Zambian state-owned ZCCM-IH, which holds a 20.6% stake in the unit.