Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects.
Members of the public are advised that the Department of Mineral Resources’ Mpumalanga Regional Office will be closed from Monday 3rd September 2018 until further notice.
The National Union of Mineworkers (NUM) has declared a wage dispute with the Minerals Council of South Africa.
Graphite exploration company Volt Resources Ltd has signed a second binding offtake agreement for graphite from the company’s pre-production Bunyu project in Tanzania.
Gold exploration company Ashanti Gold Corp. has announced first results for Gourbassi West from the recently completed 105 hole Reverse Circulation and Diamond Drill.
Canadian-based diversified industries corporation Maxtech Ventures Inc. has announced that Maxtech Mining Zambia's two large scale exploration licenses filed in Zambia have been validated by Zambia Minister of Mines.
Bankers Cobalt Corp. has entered an option with a private Namibian partner to acquire a 70 per cent interest in a prospective base metals, precious metals and industrial metals license located in Namibia.
The upcoming third edition of the Nigeria Mining Week in Abuja from 15-17 October 2018 will provide access to all the practical knowledge, valuable connections, decision makers for would-be and established mining companies.
Africa Finance Corporation, the continental infrastructure development finance institution in Africa, has announced the on-time completion of the Bel Air Mine in Guinea and loading of its first shipment of high grade bauxite to China.
Giyani Metals Corporation has signed a research collaboration program with Rhodes University, South Africa, regarding battery-grade manganese within the Company’s flagship Kanye manganese project in Botswana.
International diamond exploration company Pangolin Diamonds Corp., PAN, has finalized the commercial terms of the joint venture agreement with Makanwu Civil Blasting.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters due to noncompliance of Equatorial Guinea’s national content regulations.
Australian mining company Cardinal Resources Limited has intersected further gold at a new discovery named Ndongo East in Ghana on its 100 per cent owned Ndongo License.
Mining, geological, technology, and management consulting company CSA Global has announced the appointment of Brendan Clarke as the Manager for its African operations.
Tanzania Minerals Corp. has announced the closing of a private placement offering of $629,993.88 of gross proceeds based on the issuance of 6,999,932 units at a price of $0.09 per unit.
RS Components has launched the Africa e commerce site to meet the requirements of a growing continent with demand from various industries.
Thor Explorations Ltd. has announced positive results from its first set of drill results from its ongoing 8,000 metre RC drill program on its Douta Gold Project in south-east Senegal.
African Gold Group Inc. has started the Diamond Drill and RC Drill program at its Kobada project located southern Mali.
Teranga Gold Corporation has provided updated mineral resource estimate for its Wahgnion gold development project in Burkina Faso, West Africa.
Asante Gold Corporation and Perseus Mining Ghana have agreed to modify the terms of their Betanase Option and Sale Agreement.
Exploration company has announced the start of a diamond drilling programme at the Songwe Hill Rare Earths Project in Malawi.
East Africa Metals Inc has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas, responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications.
South America mining and exploration group Tajiri Resources Corp has expressed interest in acquiring 100 per cent stake in the advanced Reo Gold Project in Burkina Faso.
Africa has been slow to convert its natural resources endowments to tangible development outcomes because of weaknesses in governance, according to the fifth edition of the African Governance Report published by the UN Economic Commission for Africa.
Exploration and development company African Gold Group Inc. has announced major appointments and operation updates as it seeks to drive its growth agenda.
Vast Resources plc, the AIM-listed mining company has signed an agreement with Botswana Diamonds plc under which the two companies have agreed to exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
Sub Saharan Africa is increasingly becoming a mining hub as more countries in the region continue discovering lucrative resources and minerals that have catapulted them to international limelight while seeing numerous investors pitch tent.
Canadian-based base mineral exploration and development company Sama Resources Inc. has closed its private placement with HPX Ivory Coast Holdings Inc., after receiving the required regulatory and shareholder approvals.
Tango renews Oena mining license in South Africa for nine years, terminates Txapemba agreement in Angola
Tango Mining Limited has announced that its subsidiary, African Star Minerals Limited, has received confirmation from the Department of Mineral Resources, Republic of South Africa.
“Acacia continued to demonstrate resilient operating performance and delivered solid production of 120,981 ounces of gold in the first quarter across the Group, which sets us in good stead to deliver against our full year guidance of 435,000-475,000 ounces.”
Kore Potash plc has attained a secondary inward listing on the Main Board of the Johannesburg Stock Exchange, JSE.
[Botswana] Pangolin to earn 75 per cent interest in AK10 diamond project after deal with Makanwu Civil Blasting
Pangolin Diamonds Corp. has signed an option agreement with Makanwu Civil Blasting, a private company incorporated under the laws of the Republic of Botswana.
For decades, Nigeria's economy has been based on oil. The government is now moving away from its black gold dependence to open its economy up to diversification.
The Nigerian National Petroleum Corporation has expressed its readiness to collaborate with the Nigerian Mining & Geosciences Society towards growing the nation’s abundant hydrocarbon reserves.
[South Africa] The Mining Sector collaborates with Vodacom Business to help tackle industry challenges
Vodacom announces its intention to join forces with the Mining Precinct@Carlow Road and Mining Sector in general to make use of its technology in order to help solve some of the critical challenges identified by the Mining Sector.
Namibia Rare Earths Inc, a Canadian company with Namibian mining interests has completed the acquisition of a portfolio of critical metal properties from Gecko Namibia.
Chimata Gold Corp has entered into a binding letter of intent with Zimbabwe Lithium Company (Mauritius) Limited, a privately held company incorporated under the laws of Mauritius.
COMESA Secretariat and the Government of Western Australia have renewed the Memorandum of Understanding on mining for a six years period.
Armadale, the AIM quoted investment company focused on natural resource projects in Africa has announced that the exploration and development programme at the Mahenge Liandu Graphite Project in Tanzania is now well underway for 2018.
Australian miner Base Resources has completed the acquisition of the Toliara Sands Project.
Helium One, a mineral exploration company partnering with University of Dar es Salaam and Oxford University, has organized a one-day workshop to build local capacity on the origin, exploration and development of helium in Tanzania.
Australian mining company Walkabout Resources has entered into an agreement with a local Namibian company for a staged earn-in to an Exclusive Prospecting License in the Warmbad area of southern Namibia.
Rainbow, the high grade rare earth producer has commenced a drilling programme at its Gakara Project in Burundi with the objective of supporting the mine plan for the currently productive areas of the license and exploring the significant geological anomalies identified in 2017.
Gold mining company Roxgold has received permitting approval to develop the Bagassi South Project from the Burkina Faso Ministry of Environment and Sustainable Development.
Canadian gold mining company Banro Corporation has resumed mining operations at Namoya mine, as a result of the reestablishment of the road access to the mine.
Atlas Copco, a provider of sustainable productivity solutions, has completed the acquisition of the assets of Renegade Drilling Supplies Proprietary Ltd., a South African manufacturer and distributor of drilling consumables for mining exploration.
Armadale, the AIM quoted investment company focused on natural resource projects in Africa has entered into an agreement with Weghsteen Capital Advice SA to sell its interest in the Mpokoto Gold Project in the Democratic Republic of Congo.
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited.
Namibia Rare Earths has entered into an agreement with Gecko Namibia to acquire its 95% interest in a portfolio of exploration properties consisting of 14 exploration prospecting licenses.
The technology group Wärtsilä is set to deliver a turnkey power plant to provide electricity for the Phase Two expansion of the Tasiast mine located in Mauritania.
Diasporans, through the Zimbabwe-South Africa (Zim-SA) Forum, plan to invest about $800 million in the country, targeting agriculture, aviation and mining sectors.
Alphamin Resources Corp. has taken a secondary listing on the Non-ferrous Metals sector of the Johannesburg Stock Exchange AltX Board.
[Malawi] Mkango Resources and Talaxis in deal to fund development of the Songwe Hill Rare Earth project
Mkango Resources Ltd has entered into an agreement with Talaxis Limited, a wholly owned subsidiary of Noble Group Limited to fund development of the Songwe Hill Rare Earths Project in Malawi and commercialisation of new magnet technologies.
De Beers Group today announced it is seeking expressions of interest from potential buyers for its Voorspoed mine in Kroonstad, Free State, South Africa.
African Legal Support Facility and Connex Support Initiative capacity building to strengthen corporate governance in extractives sector
The extractives sector has witnessed sustained increase in equity participation by governments throughout the African region in recent times.
Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, today announced it is planning for the construction of the world’s largest custom-built diamond mining vessel.
Despite the significant contribution of the mining sector to the economy of Ghana, the country is far from tapping its full potential in creating strong and sustainable linkages, both within the mining sector and more broadly with other industrial activities.
A pioneering initiative leading towards a framework for mineral resource classification in Africa had has started with deliberations from African geological experts and classification specialists.
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
South Africa mining industry sees turnaround in financial performance amid challenging operating environment, PWC mine report
2017 was another challenging year for South Africa’s mining industry in light of a decrease in dividends and market capitalisation, various retrenchments across the industry, and marginal increases in taxes paid.
Orion Minerals, an Australian base metals firm with an active exploration and development programme in South Africa, has listed in the Gold Mining sector on the Main Board of the Johannesburg Stock Exchange (JSE).
A pioneering initiative to set up an African Mineral Resource Classification system based on the United Nations Frameworks Classification for Fossil Energy and Mineral Reserves and Resources is now unde
[Tanzania] AB Minerals Corp announces financing agreement for its Dar es Salaam Coltan processing facility
AB Minerals Corp has engaged Destiny Mineral and Agricultural Consultant of Dubai, UAE to lead a $40 million financing for the construction of the first coltan processing facility in Africa, to be located in Dar es Salaam, Tanzania.
South African gold producer AngloGold Ashanti has signed an agreement with an undisclosed party to sell the loss making Kopanang gold mine located in the west of Johannesburg.
First Quantum Minerals Ltd has updated details of its operations in the Kansanshi complex and Sentinel mine in Zambia
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
The Common Market for Eastern and Southern Africa region holds the highest potential for minerals development in the continent.
For more than a decade, Africa has enjoyed a mineral boom, producing more than 10% of the world’s minerals by value, from over 30% of its global mineral reserves.
Pact and Microsoft Corp. have announced an expanded partnership to address child labor in mining in the Democratic Republic of Congo (DRC).
Baker Hughes, a GE company has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique.
The Guinean government’s Delivery Unit has announced a plan to launch the development of the Mobile Training Unit (MTU) program, to provide Guineans with post-graduate hands-on training in the mining sector.
[Column] Betsie Strydom and Wandisile Mandlana: New tax measures to curb abuse of mining rehabilitation funds are a missed opportunity
The National Environmental Management Act, 1998 (NEMA) places the responsibility for remediating environmental damage, pollution or ecological degradation arising from mining operations on mining companies as the holders of prospecting or mining rights.
Absa Bank has successfully refinanced and upsized Harmony Gold Limited’s existing $250 million Term Debt to a 3 year $350 million facility.
The Government of Chad, in collaboration with the Coalition for Dialogue in Africa, ECA Capacity Development Division, and the African Minerals Development Center, organized a validation workshop of the revised Mining Policy and Mining Code.
Armadale, the AIM quoted Investment Company focused on natural resource projects in Africa, has announced the c ompletion of the first phase of Reverse Circulation drilling at its Mahenge Liandu Graphite Project in Tanzania
Take a look at almost any measure of success in the South African business world and you'll see that mining companies always perform well.
Egyptian phosphate rock miners achieve some of the lowest production costs in the 200 tonnes per year industry, allowing them to continue exports in a difficult pricing environment.
Rainbow, the rare-earth element mining company, has inaugurated Gakara Rare Earth Project in Burundi with the first production and sales of rare earth concentrate targeted in Q4 2017.
Bolloré Transport & Logistics has been appointed to coordinate and manage the construction of Burkina Faso’s 10th mine, where work began in July 2016.
Tanzanian Royalty Exploration Corporation finds 1 million ounces of gold to be mined at the Buckreef Project
Tanzanian Royalty Exploration Corporation has filed on SEDAR, a feasibility study for the Buckreef Project which positively establishes that 1.064 Million ounces of gold reserves are available to be mined over a 15-year initial life of mine.
Digital innovation is driving transformation within the local mining sector. This shift, according to leading converged ICT solutions provider, iWayAfrica, is driving growth and becoming a key differentiator within the Democratic Republic of the Congo.
Broad-Based Black Economic Empowerment in the South African mining industry is regulated by the Broad-Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry (MiningCharter).
ION Geophysical Corporation has announced a new 2D multi-client program offshore Gabon, EquatorSPAN™ II, in cooperation with the Gabon Ministry of Petroleum and Hydrocarbons.
A delegation from the Government of Chile and the Chilean private sector is set to share successful experiences and best practices in mining with African countries.
The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start exploring for diamond deposits in Namibian waters, following its official inauguration.
The technology group Wärtsilä has announced it will supply a power plant extension to AngloGold Ashanti’s gold mine in Siguiri, Guinea.
The Government of Chad, in collaboration with the African Minerals Development Center (AMDC), has launched the domestication process of the African Mining Vision (AMV).
According to PwC’s Mine 2017 report, the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath.
Asante Gold Corporation has announced that it has completed a non-brokered private placement of 4,350,000 units of the Company at $0.10 per unit (each a “Unit) for aggregate gross proceeds of $435,000.
Algeria National Office of Statistics said that the country’s industrial production increased by 0.8% in 2016 quarter four from 0.6% the same quarter a year ago. Statistics showed that the average rate of 1.3% for 2016 is slightly lower than the average 2015 rate of 1.8%.
Partnership Africa Canada has announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo.
Two global energy powers have met for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea.
The World Bank Group has released its Mining Investment and Governance Review (MInGov) for Botswana to help the government improve the sector’s performance and to attract further investment.
Norilsk Nickel has served notice that it intends to commence legal proceedings in Botswana against the Government of Botswana in respect of its involvement in the reckless trading of BCL Limited and BCL Investments Proprietary Limited.
Newmont Mining Corporation announced plans to extend profitable production at its Ahafo operations by building a new underground mine and expanding plant capacity by more than 50 percent.
ACACIA Mining, the largest mining firm in the country, has dumped a 3.0billion pound bid to acquire Canada’s Endeavour Mining.
Circum Minerals Ltd has been awarded a mining license for the World Class, Danakil Potash Project (located in the Danakil region of northeastern Ethiopia.
Steady technological advancements improve opportunities for the South African mining explosives market
Steady technological advancements within the mining industry are reducing mining costs, improving blasting efficiencies, and driving explosives sales; thereby boosting growth of the South African mining explosives market.