Four phosphate processing projects have been recently approved by the government as part of encouraging processing industry, according to the Minister of Industry and Mines Abdessalem Bouchouareb.
African gold producer Acacia Mining has held talks with Endeavour Mining about a merger that could create a £3bn Africa-focused gold miner.
South Africa mining company Bauba says it has re-opened its wholly-owned chrome mine Moeijelijk after placing it under care and maintenance.
Armadale Capital PLC has announced that Kisenge Mining Pty Ltd has exercised its option to take a stake in the Mpokoto gold project in the Democratic Republic of Congo and to operate the asset.
[South Africa] Norilsk Nickel launches legal action against BCL over non-payment for African asset sale
Norilsk Nickel Mauritius and Norilsk Nickel Africa Pty Ltd announce that they have filed legal claims against BCL Limited and BCL Investments Proprietary Limited in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million.
A South African mining investment company Armadale Capital has said that drilling campaign at the Mahenge Liandu graphite project conducted this year has demonstrated consistent, commercially viable, highgrade graphite mineralisation of up to 15.7per cent total graphitic carbon (TGC) commencing from or near the surface.
The government of Angola has entered into a mining agreement with South Sudan to deepen exploration and trade between the two countries in the areas of training, laboratory, negotiation of mining contracts and policy.
Zimbabwe has recorded an increase in exports and revenue from chrome ore and high carbon ferrochrome following the lifting of an export ban instituted in June last year.
Australian mining company GRAPHEX Mining has receiving license for its circa- $74 million Chilalo project in Tanzania, with the granting of the licence an “important requirement” for gaining financing and offtake agreements.
Tanzania mulls introducing Tanzanite gemstones to national reserve to hedge against price volatility
Tanzania’s government is mulling including Tanzanite gemstones in the national reserves at Central Bank to replace gold due to its price volatility.
Australia and Nigeria are set to enhance partnerships in the mining sector to promote the sector’s sustainability in line with the Federal Government’s development agenda.
Gold Fields, a South African mining company has said it intends to extend the life of its Damang mine in Ghana by eight years, investing $1.4 billion to facilitate this.
The Dangote Group has expanded its investments into agriculture and mining, Mansur Ahmed, Executive Director, Corporate Communications of the group, said in Kano.
[Mali] Dr.Madani Diallohas extends his contract at Oklo Resources guaranteeing consistency in operations
Gold exploration company Oklo Resources Ltd has confirmed that its technical director Dr Madani Diallohas agreed to extend his contract for a further two year term effective immediately.
Kenya and Sudan have signed agreements to deepen collaboration in oil and mining industry. Hence, Kenya is poised to gain from the agreements as Sudan has made strides in both sectors.
Diversified producer of precious metal Gold Fields has announced it is investing $ 1.4 billion to extend the lifespan of the Damang mine in Ghana from 2017 to 2024.
“A national mining event, which we hope will grow into an international event” is how the President of the Miners Association of Nigeria (MAN), Alhaji Sani Shehu, describes the upcoming, inaugural Nigeria Mining Week which is taking place in Abuja in October.
African Rainbow Capital (ARC), an investment firm controlled by South African billionaire Patrice Motsepe, has acquired an 18.36% stake in public listed Afrimat, a company listed on the Johannesburg Stock Exchange.
Caterpillar and Dealers Announce $1 Billion Investment in Business, Education and Training across Africa
Caterpillar Inc. Chairman and CEO Doug Oberhelman, currently taking part in the U.S.-Africa Business Forum (USABF) in New York City, announced that the company, its independent dealers and the Caterpillar Foundation plan to invest more than $1 billion in countries throughout Africa over the next five years.
In a bid to accelerate its gold mine development project, British gold exploration and development company KEFI Minerals PLC has applied for a credit facility to the Development Bank of Ethiopia as part of its plans of raising $85 million in loan.
The Federal Government yesterday said that coal mining licences would be issued only to companies that are interested in generating electricity from coal.
Dangote Cement Plc, a subsidiary of the Dangote Group, has announced its plan to start mining coal at Ankpa, Kogi State, in November.
Investing in African Mining Indaba, the world's largest mining investment event, today announced the appointment of Alex Grose as Managing Director of Mining Indaba, effective 10 October.
Nigeria offered a three-year tax holiday to mining investors as the West African nation seeks to raise as much as $7 billion to develop its minerals and steel industries.
Harmony Gold Mining and White Rivers Exploration said they found a major gold deposit in South Africa’s Free State that could lead to one of the country’s first new mines for the metal in the last 25 years.
Uganda’s low grade minerals are headed for better days following a three year $15 million project meant to upscale the operations of small scale miners and communities operating in low value minerals.
Canadian mine development company East African Metals has applied for a license from the Ethiopian government to start extracting gold and silver.
Authorities at the Ministry of Solid Minerals Development yesterday confirmed the discovery of world class nickel in Kaduna State, by an Australian mining syndicate.
Investing in African Mining Indaba®, the world's largest mining investment event, today announced the appointment of Harry Chapman as Director of Content. In this role he will oversee all content for the Mining Indaba and new mining investment events developed globally.
The organizers of the upcoming Kenya Mining Forum have announced the exclusive diamond sponsorship of the event by mining company Base Titanium
Kenya is witnessing intensified activity in its mining and oil exploration sectors following the discovery of huge deposits of titanium and niobium, gold and gold deposits and the oil find in Northern Kenya.
Eni made a new significant gas discovery in the Baltim South West exploration prospect, located in the Baltim South license, in the conventional waters of Nile Delta, offshore Egypt.
The Government of the Republic of Namibia and The De Beers Group of Companies today signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings' diamonds.
ABB will provide four hoists to the Venetia Mine, South Africa’s largest producer of diamonds. ABB will supply one double drum hoist for personnel and material conveyance, two friction hoists for production, and one single drum hoist for service duty.
Voith is actively looking to expand its distributor network on the continent, according to Grant Robinson, vice president: EMEA Division - Mining and Metals Southern Africa. “We currently cover 19 countries in Africa and have nine distributors, and are growing our network further,” says Robinson.
This event offers a unique and exciting opportunity to learn more about Yokogawa’s solutions and how they can assist in achieving safe, reliable, and profitable operations.
The Ministry of Mines, Industry and Energy of Equatorial Guinea is pleased to announce that Riaba Fertilizers Limited has awarded the EPC contract for a new petrochemicals complex to a Chinese consortium led by East China Engineering Science and Technology Co. Ltd (ECEC).
Zest WEG Group Africa believes that it has a fundamental responsibility to assist in improving the lives of disadvantaged South Africans by providing access to education and skills development opportunities within the engineering industry.
Malawi’s government said Monday that investors can now access the country’s Geophysical data following a successful Airborne Geophysical survey under the Mining Governance and Growth Support Project funded by the World Bank.
South African-based mining giant, Rangold, has terminated its joint venture agreement with AngloGold Ashanti over the development of the Obuasi mine.
Launch of iPAD Nigeria Mining Forum in partnership with PwC in Abuja “a huge boost for the country’s mining sector”
“Gathering all the stakeholders to discuss the challenges and the way forward in Nigeria’s mining sector has been a huge boost in confidence for the industry and mining professionals in the country are very optimistic about the sector’s imminent rejuvenation.”
The Tropicana Gold Mine today celebrated production of its 1 millionth ounce on schedule, just over two years since pouring first gold.
Carmie Olowoyo is general manager of Symbol Base Metals UK, and a panelist during a session on “Infrastructure and transport requirements for mining in Nigeria” at the upcoming iPAD Nigeria Mining Forum.
“Nigeria is perhaps the last remaining frontier for mineral investment in the region. With the wide occurrence of minerals and a history of mineral production, Nigeria presents a rare opportunity for serious investors and that opportunity is worth exploring.”
AngloGold Ashanti Reaches Three-Year Wage Deal With Majority of SA Employees AngloGold Ashanti has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year.
Xtract Resources PLC on Tuesday said it has completed the first phase of drilling and sampling on the Carolusberg and O'Kiep sulphide copper tailings dams in South Africa.
Mining is a challenging and forever evolving business, one tied to numerous internal and external forces. This could be said for many business sectors, but mining's particular financial girth makes it stand out. It's an industry that generates capital so large it can determine the health of country GDPs.
South Africa's University of Pretoria (UP) has opened Kumba Virtual Reality Centre for mine design (VRC) to train mine staff and students in simulated mining environment.
Glencore has been asked to suspend operations at its coal mines by South Africa's mines minister Ngoako Ramatlhodi because of the way it handled the 380 job cuts at Optimum mines.
The Government of the Republic of Namibia and De Beers have today announced agreement, in principle, on the terms of a new 10-year sales agreement for the sorting, valuing and sales of all of Namdeb Holdings’ diamonds (production from Namdeb and Debmarine Namibia).
Swiss mining company Glencore is moving ahead with its plans to close a few mines owned by its Optimum Coal subsidiary in South Africa.
ECA Executive Secretary Carlos Lopes held talks with Zambian Republican President Edgar Lungu during his two-day state visit to Zambia.
Metallurgical and thermal coal producer Coal of Africa has appointed De Wet Schutte as its chief financial officer.
East Africa Metals Inc.announces that a National Instrument 43-101 technical report has been filed for the Company's Adyabo Gold Project located in the Arabian Nubian Shield in northern Ethiopia.
Newmont Ghana has released findings of its second socio-economic impact assessment of the Ahafo Mine in the Brong Ahafo Region.
East Africa Metals Inc. has signed a binding letter agreement with an arm's length private exploration and development company management based in the United Kingdom and Tanzania, to develop East Africa's Magambazi project in Tanzania.
Lesotho’s Ministry of Mining hosted a consultative stakeholders’ workshop in Maseru on Thursday as the country moves to revise its mining legislation.
AngloGold Ashanti Limited has agreed to sell its Cripple Creek & Victor mine in the United States to Newmont Mining Corporation for US$820 million in cash, plus a net smelter return royalty , as part of its strategy to cut debt.
The Ministry of Minerals Energy and Water Resources Kitso Mokaila said Wednesday it is currently working on a draft minerals policy before year-end.
The High court petition concerning Mwana Africa (LON:MWA) is now behind the company. As previously reported the petition centred around a dispute with the group's largest shareholder CIMGC and votes cast at an AGM last year.
Just a month and a half behind schedule and three weeks after the World Health Organization marked the end of the Ebola outbreak in Liberia, Aureus Mining celebrated the first gold pour at its New Liberty open-pit mine in the West African nation.
Chinese Firm Wins Contract to Explore Coal in East Kenya
Metals of Africa non-executive director Andrew McKee has stepped down to pursue research and development opportunities within the graphene and graphite industries.
AfroCan Resources Gold Accelerating Development of High-Grade Small Ore Bodies in Sub-Saharan Africa and Papua New Guinea
AfroCan Resources Gold Ltd has embarked upon the acquisition of a Tanzanian property with 112,000 oz inferred resource.
Coal of Africa Limited has been granted a New Order Mining Right in terms of the Mineral and Petroleum Resources Development Act for its flagship Makhado hard coking and thermal coal project in Limpopo Province.
IFC, a member of the World Bank Group, has purchased $30 million of notes issued by a subsidiary of Petra Diamonds Limited to help attract international investors to the South African mining sector
AngloGold Ashanti today posted a first-quarter operational performance ahead of market guidance, with a 7% year-on-year improvement in all-in sustaining costs (AISC) due mainly to a strong result from its international mines.
AgriMinco Corp. has announced that the Company and Premier African Minerals Limited an AIM-listed, multi-commodity resource and development company have agreed to the terms of an unsecured loan facility of up to USD$250,000
Ghana’s export revenues from the minerals sector amounted to five billion dollars last year, reports from the Ministry of Lands and Natural Resources, has stated.
Newmont Ghana is urging cooperation from the Ghana Mineworkers Union (GMWU) to help reach a mutually beneficial, equitable and economically sustainable labour agreement, given the challenging business conditions the company and gold mining industry face.
The Board of Directors of True Gold Mining Inc. that it has appointed Christian Milau as the Company's Chief Executive Officer, effective April 27, 2015.
Ministers from governments across Africa will gather at this year's Africa Carbon Forum, 13-15 April in Marrakesh, Morocco, to step up momentum towards a new, universal climate change agreement in 2015.
AngloGold Ashanti is pleased to announce the appointment of Chris Sheppard, a thirty-year veteran of South Africa’s ultra-deep underground mining sector as incoming Chief Operating Officer: South Africa.
Energy in Africa: Kenya, Zambia, Uganda and Rwanda Ministries gather to address power sector and shape regional infrastructure planning
Ministers and senior representatives from four East African countries have recently pledged their support in solving East Africa's crippling power deficit.
Gold Fields Executive Vice President for South Africa, Nico Muller officially handed over the newly restored Ilanga building at Healdtown College, a Methodist school located near Fort Beaufort in the Eastern Cape, on Tuesday 3 March 2015. The building, now renamed the Gold Fields Robert Sobukwe Building, comprises a library, museum, science and computer laboratories as well as classrooms.
Tango Mining Limited has announced that the bulk sampling program at its Oena Project, Northern Cape Province, South Africa commenced in February 2015 on schedule.
Montero Signs Definitive Agreement With Strategic Investor to Develop Phosphate Rock Properties and Fertilizer Plant in Saldanha Bay, South Africa
Montero Mining and Exploration Ltd. has entered into a definitive agreement with Ovation Capital a South African based investment firm that is currently developing a portfolio of mineral beneficiation projects focused on a targeted set of industrial minerals, to fund the development of Montero's phosphate rock projects near the Saldanha Bay Port in the Western Cape, South Africa. As part of the agreement, Ovation shall fund studies relating to an integrated Fertilizer Plant in the Saldanha Bay Industrial Development Zone in close proximity to Montero's projects.
Orca Exploration Group Inc. has announced an update of its activities in respect of Songo Songo development and changes among some of the Company's key stakeholders in Tanzania. Following a Tanzania Parliament review of an alleged fraud in the energy sector, the Minister and Permanent Secretary for Energy and Minerals have been replaced, along with the board of directors of state power company TANESCO.
Geodrill Limited has announced that the Company has been awarded a significant drilling contract with SEMAFO Inc., a Canadian-based mining company with gold production and exploration activities in West Africa.
AngloGold Ashanti posted its second consecutive growth in annual production alongside a 13% improvement in all-in sustaining costs, as it continued to focus on portfolio improvements and capital discipline.
Africa's continued emergence as major economic region depends on a renewed commitment to collaboration between mining companies and the countries which host them, Randgold Resources chief executive Mark Bristow said here today. Speaking at the annual Mining Indaba, Bristow said the recent boom in commodity prices had spurred economic development on the continent and its 7.7% annual growth forecast for the next five years was double that of the world's advanced economies and well ahead of China, Russia and Brazil. It was poised to become a key global growth driver but still presented significant obstacles to investment, notably its infrastructure and skills limitations.
2015 will continue to be challenging for the global mining industry. Commodity prices are not anticipated to exhibit material improvement, impacting on sector valuations and the ability to raise financing
Sunridge Gold Corp. is pleased to provide a summary of the planned activities in 2015 for the Asmara Project, Eritrea. The Asmara Project is owned and operated by the Asmara Mining Share Company (“AMSC”) which is owned 60% by Sunridge and 40% by Eritrean National Mining Corporation (“ENAMCO”).
Buffalo Coal Corp. announces that the Company has signed a term sheet (the "Term Sheet") to secure an additional US$4.0 million loan facility from Resource Capital Fund V L.P ("RCF").
Sasol announces that it is formulating a comprehensive plan to conserve cash in response to lower international oil prices.
Centaur Holdings Announces Acquisition of Prospecting Rights for De Roodepoort Coal Project in South Africa
Centaur Holdings Ltd, a global investment holding company with interests and investments ranging from asset management, wealth management, private equity, venture capital, mining and natural resources and agricultural investments is pleased to announce that it has acquired two coal Prospecting Rights through one of its South African subsidiaries owned by Centaur Mining.
Minelab has officially opened the Minelab MEA General Trading LLC facility in Dubai, representing a major strategic advancement for the ‘Gold’ division of its worldwide business.
Asanko Gold Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they agreed to purchase, on a bought deal basis, 19,800,000 common shares (the "Shares") at a price of C$2.02 per share for gross proceeds to the Company of approximately C$40 million (the "Offering").
Gold Fields Limited is the top ranked South African mining company on the 2015 Dow Jones Sustainability Index (DJSI), the most recognised measure of the sustainability performance of listed companies worldwide.
B2Gold Corp. is pleased to announce a significantly higher grade updated gold mineral resource estimate for the Wolfshag zone located directly adjacent to the east and northeast of the Company's new open pit Otjikoto Mine in Namibia. All dollar figures are in United States dollars unless otherwise indicated.
Leading African And Global Mining Executives And Investors Announced For The 2015 Investing In African Mining Indaba™
The 2015 Investing in African Mining Indaba taking place on 9 – 12 February 2015 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers for the approximately 7000 delegates set to arrive from more than 110 countries.
Coal of Africa Ltd announced on Nov. 06 that Blackspear Capital (Blackspear), a subsidiary of Blackspear Holdings Proprietary Ltd, had agreed terms with a financial and operational partner to fund Blackspear’s acquisition of the Mooiplaats Colliery.
Canaf Group Inc., the Canada-registered mining group, is pleased to announce agreed terms for the acquisition of a new processing plant worth R20 million (South African Rand) for its South African owned coal beneficiating operation, Quantum Screening and Crushing (Pty) Ltd., (“Quantum”).
Anglo American invests R15 million in Chair of Occupational Hygiene at Wits University, Johannesburg
Anglo American is investing R15-million in a new Chair, to be known as the Anglo American Endowed Chair in Occupational Hygiene at the Wits School of Public Health .The Chair will conduct research, and engage in other scholarly activities, with the aim of decreasing employee exposure to dust, noise and other health hazards in mining and other industries, thereby contributing to employee wellbeing.
With restyled logos, more dynamic lay-outs and better defined sections, the Africa Intelligence web portal has modernized its five confidential Newsletters: West Africa Newsletter, The Indian Ocean Newsletter, Maghreb Confidential, Africa Energy Intelligence and Africa Mining Intelligence.
AngloGold Ashanti’s costs and production for the third quarter beat guidance, helping the company generate free cash flow and reduce debt as fundamental operating and safety improvements continued to gain traction across the business. The company also narrowed its production outlook for the year to the top end of the initial guidance range and reduced its capital expenditure forecast.
Metals of Africa has appointed Cherie Leeden as its managing director from her previous role as executive director following its recent successful placement ...
Dipaleseng- Sasol Mining officially handed over the upgraded Nthoroane roads infrastructure to the Dipaleseng Municipality on 15 October 2014 in Nthoroane. ...
Tango Gold Mines Incorporated is pleased to announce that further to its news release dated 1 October 2014, it has closed the acquisition of 51% interest ...