Africa Top Stories

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

Australia, home to world's second-biggest cobalt reserves, is seeing rush…

South Africa’s Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy

Sibanye said it would cut a third of Lonmin's employees…

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Gold, coal and platinum strikes loom across South Africa

Strikes are looming in South Africa's gold and platinum sectors which could threaten global supplies at a time when commodity prices are red hot. South Africa's powerful National Union of Mineworkers (NUM) said on Wednesday wage talks with the country's main gold miners were deadlocked and it was preparing for a strike.

Strike halts output at Rio Tinto’s Namibia uranium mine

The Namibian reports 500 workers at Rio Tinto's Rossing uranium mine in Namibia downed tools on Tuesday in a dispute over production incentives. The news comes in the wake of a senior Rio Tinto executive telling Dow Jones on Monday that the mine – which accounts for over 5% of world production of uranium oxide – is losing money at the current price of under $55 per pound of U3O8. Rossing which lies partly inside the Namib-Naukluft Park (pictured) has produced uranium since 1976. Rio Tinto owns 70% while the Iranian government with 15% is the second largest shareholder.

Zambia’s largest coal mine reopens

Zambian President Rupiah Banda opened the country's largest coal mine Friday, after Singapore's Nava Bharat took over majority shares and invested $750 million (525 million euros) at the once defunct state entity. Nava Bharat, a Singapore subsidiary of India's Nava Bharat Ventures, has a 65 percent stake in Maamba Collieries, with Zambia's government owning 25 percent through its Zambia Copper Mines Investment Holdings.

Deep Yellow Limited announces new high-grade uranium discovery at Alaskite

Advanced stage uranium explorer Deep Yellowannouned that its wholly-owned Namibian operating entity, Reptile Uranium Namibia Ltd ('RUN') has made a new alaskite discovery at target MS7, which was recently identified from structural and geological mapping. MS7 is only 2.5 kilometres southwest of the company's Ongolo Alaskite deposit, which has a JORC compliant resource of 6.9 Million tonnes at 410 ppm for 6.2 Million Pounds U3O8 at a 275 ppm cut-off. Ongolo is a key component of the Company's flagship Omahola Project.

Zimbabwe may sue De Beers over ‘looting’ of diamond fields under international ban

Zimbabwe’s state-controlled Herald newspaper reported on Thursday the Harare government is investigating De Beers over claims it smuggled out gems worth "hundreds of millions of dollars" from the controversial Chiadzwa fields. De Beers spent eight years exploring the fields, but later claimed it had failed to find any meaningful deposits according to Zimabwe's deputy mines minister. Diamonds were found by villagers in Chiadzwa in 2006, leading to a frenzied diamond rush that was eventually crushed by the army. Zimbabwe's diamonds are the subject of an international ban although most industry watchers believe it is being widely flouted.