Proceeds from Lulo Diamond Project diamond sales for 2018 exceeds $10 million
The Lulo Diamond Project in Angola, co-owned by ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes E.P. and Rosas & Petalas, announced that gross proceeds of diamond sales in 2018 to date (mid-March) amounts to US$10.8-million.
Colluli: world’s most economically attractive sulphate of potash project
Danakali updated sulphate of potash ore reserve is set to provide an expected mine life of ...
Lesotho’s Mothae Kimberlite Mine produces first diamonds
The first diamond recoveries from the Mothae Kimberlite Mine in Lesotho were announced on ...
Kibali Gold on track to reach 610 000 ounce 2017 production target
Management at the Kibali gold mine in the Democratic Republic of Congo, in mid-October 2017, announced that the mine's ...
Diamonds, Diamonds, Diamonds – Angola and Lesotho extract record-breaking diamonds
During November 2017 it was announced that two high-value carat diamonds were discovered in African mines.
Golden opportunities in Chad: exploration moves forward
Apart from significant quantities of oil exports, Chad’s mineral industries remain underdeveloped and under-explored. The only mineral currently ...
Harmony Gold says Moab Khotsong mine purchase to boost cash flows
South Africa's Harmony Gold, the world's fifth largest producer of gold, recently announced that its acquisition of AngloGold Ashanti’s Moab Khotsong mine will boost its operational cash flow by 60%.
Mining in Africa 2017: Green shoots or hollow fruits?
Mining in Africa has constantly faced a wide range of challenges that have prevented it from reaching its true potential, but are we on the cusp of a new era of mining growth? Ina Potgieter, Managing Director of Projects IQ (Pty) Ltd, takes a closer look...
New Liberty drilling programme commences
Four diamond drill rigs have been mobilised to dual-listed Avesoro Resources’ wholly owned New Liberty mine where a 14 000 m diamond core drilling campaign has commenced.
Gold Fields’ Yearly Production
South African gold-mining giant, Gold Fields, recently reported that it still expects to meet it is yearly production guidance, despite a 10% production decrease at its South Deep gold mine.
Namibia's Otjikoto Gold Mine outperforms expansion forecasts
Gold miner B2Gold Corp is celebrating record production volumes and process plant recoveries at its Namibia-based open cast Otjikoto operation.
All systems go for Debswana’s Cut 8 project
The world’s leading diamond company, Debswana, has started processing ore from the $3-billion expansion of its Jwaneng diamond mine, popularly known as Cut 8.
Shanta Gold Q1 update: higher production & improved margins
Tanzanian mining powerhouse, Shanta Gold, recently announced that its New Luika gold mine produced 20 416 oz of gold in the quarter ended March 31, improving the company’s margins and keeping it on track to meet its 2017 guidance.
Mowana Copper Project in Botswana close to continuous production
In the latter part of March 2017, Alecto Minerals, the African focused gold and copper exploration and development company, announced ...
Africa's mineral industry: what's changed over the last decade?
The mining environment of today is a vastly different ball game to what it was 10 years ago. The commodities boom of the 2000s is over, and companies need to be ...
Gold Price Boosts Sibanye Profits
ibanye Gold, South Africa's largest individual gold producer, has recently reported strong financial results in the first half of 2016. This is a result of a ...
De Beers and Namibia sign 10-year agreement
De Beers, a subsidiary of Anglo American, and the Namibian government have signed a 10-year sales agreement. Through Namdeb, De Beers and the Namibian government are granted equal rights to sort, value ...
West Africa an option for Harmony Gold
Harmony Gold Mining Company Limited is contemplating plans for an expansion strategy into Africa. This would enable the company to effectively mitigate the risk currently ...
Lesotho gearing up for unprecedented mining boom
The mining industry in Lesotho is set to take off, with a committed and sustained government effort to establish legislative frameworks and infrastructure currently ongoing.
Tanzania mining industry set for big boost in 2016
he Tanzanian mining industry is set for a big boost in the latter half of 2016, with construction of the Mchuchuma coal and Liganga iron ore projects in Tanzania’s Mbeya Region, set to commence.
Barrick vs Newmont: The Battle of 2016’s Top Gold Producer
In the race to become 2016’s highest producing gold miner, a recent analysis of both companies’ 2015 results suggest that Newmont could overtake Barrick Gold for the top spot.
Northam Platinum operations under pressure
This is a result of the global economic outlook and low US dollar metal prices which affect Northam Platinum as an exporter of platinum group metals (PGMs) to global markets.
Kibali to exceed production guidance
Kibali gold mine, in north-eastern Democratic Republic of Congo (DRC), is set to exceed its expected production of 600 000 oz for 2015.
Shallow, wide, massive graphite intercepted at Lindi Jumbo
SX-listed Walkabout Resources announced early in October 2015 that it had intercepted shallow and wide massive graphite layers, displaying flakes larger than 1 mm, at its Lindi Jumbo graphite project site in south eastern Tanzania with its initial reverse circulation drilling.
Gold Fields profits while South Deep remains problematic
Gold Fields has seen a considerable improvement at the end of the second quarter despite the falling gold price and the continued troubles at South Deep mine – Gold Fields’ remaining gold mine in SA.
Goldstone Resources completes successful auger sampling for Homase / Akrokerri Project expansion
Goldstone Resources Ltd. has recently completed additional auger sampling over eight high-priority gold targets along or in close proximity to the company’s 602 000-ounce Homase / Akrokerri Project deposit in Ghana, revealing ...
Drilling begins at Miyabi Gold Project in Tanzania
Australian-listed Rift Valley Resources has begun drilling at its wholly-owned Miyabi Gold Project in Tanzania. Located 200 km south of Mwanza within the Lake Victoria Goldfields of Tanzania, Miyabi lies 50 km east of Acacia Mining’s Buzwagi gold mine, and 30 km south of Resolute Mining’s Nyakafuru project.
B2Gold's Otjikoto Mine Officially Opened
Built in only 18 months, the first gold produced at the Otjikoto mine was poured in December last year after more than 4 million working hours and with only two downtime incidents and no fatalities.
CoAL granted New Order Mining Right for Makhado Project
The South African Department of Mineral Resources (DMR) recently granted a New Order Mining Right (NOMR) to Coal of Africa Limited (CoAL) for its flagship Makhado hard Coking And Thermal Coal Project. In addition, the DMR granted ...
Sasol on home-stretch on Secunda’s R15.3 billion Mine Replacement Project
Sasol, in a press conference held at Impumelelo Mine in early May 2015, has stated that its R15.3 billion Coal Mine Replacement Project in Secunda, Mpumalanga, will be completed within the next year.
New Liberty “on-track” to deliver gold next month
Aureus Mining has, as of 14 April 2015, started commissioning the major circuits for its New Liberty mine in Liberia, as it gears for the country’s first commercial production of gold next month.
Gakara Rare Earth Project secures $12 million funding to commence operations
Mining house Rainbow Rare Earths has secured $12 million in investment funding to begin mining rare earth minerals at the Gakara Rare Earth Project, in Burundi’s Bujumbura province.
Critical milestone reached in Bakubung development project
The Bakubung Platinum Mine development project reached a critical milestone towards the end of March 2015 when the UG2 platinum reef was intercepted while developing the 77th level at the main shaft. The mine, located on the ...
Full steam ahead for Liqhobong diamond project
Firestone Diamond’s Liqhobong project, in Lesotho’s Berea province, commenced construction in 2014, which allowed the mine owner to narrow its 2015 interim loss to $4.4 million. Construction on the Liqhobong pipe began in June and is expected to be completed by mid-2016.
Palabora Copper's R 9.3 billion extension project approved
Palabora Copper, part of the Palabora Mining Company, has been given the green light as its shareholders have opted to implement the life-of-mine extension project as of March 2015.
Study confirms potash mining potential in Ethiopia
"Significant potential to extract potash in North Eastern Ethiopia’s Danakil depression", was the finding of an independent feasibility study conducted on behalf of Yara International, Norwegian fertiliser firm.
Malawian Mining Act Reviewed: Reforming the Industry
The Malawian mining landscape will soon see a drastic re-focus as the process of reviewing the Mining and Minerals Act (1981) has, as of December 2014, commenced.
African mining receives private equity injection of R3.5 billion in 2014
Africa was the recipient of over R3.5 billion in private equity mining investments during 2014, a report released by Berwin Leighton Paisner (BLP) this week describes.
Yaramoko Gold Project gets green light Burkina Faso
The Government of Burkina Faso in West Africa has granted final permitting approval to Toronto-listed Roxgold for the Yaramoko Gold Project. The project consists of a single permit and covers an area of ...
Tschudi Commences Copper Production in Namibia
Base metal mining company Tschudi (part of Weatherly International, situated 20 kilometres west of Tsumeb) is set to commence its copper production in Namibia this February – months ahead of schedule.
Epanko Graphite Project awaits massive increase in production
Following a mining and processing schedule review at its 100%-owned Epanko Graphite Project, Kibaran Resources Limited has announced a two-stage production upgrade that will increase the mine’s graphite output from 40 000 tpa to 100 000 tpa in the next five years. The internally-funded expansion plan indicates an NPV of $251 million.
MOU aims for Nachu Graphite Plant 2015 development in Tanzania
Australian-listed Magnis Resources Limited and China Railway 24th Bureau Group Co., Ltd. have signed a Memorandum of Understanding (MOU) to enter into formal negotiations to secure a contract for engineering, procurement, construction and contract mining for the Nachu Graphite Plant in Tanzania.
BHP Billiton and Rio Tinto: the new players in the copper market
After years of success in the iron ore market, BHP Billiton and Rio Tinto (in both separate and joint ventures) have shifted their focus to the copper industry. The industry, an investor’s haven with the global market valued at ...
New high-grade ore discovered at Kipushi Mine
Additional, exceptionally high-grade silver, zinc and copper drill intercepts have been reported in the third batch of assay results from Canadian-listed Ivanhoe Mines’ Kipushi copper, zinc, germanium, lead and precious metals mine in the Democratic Republic of Congo (DRC).
Additional Funding for Makabingui Gold Project
Makabingui Gold Project in Senegal, owned by Australian-listed Basari Resources, has acquired additional funding to the tune of US $ 1 million from surface mining and earthworks specialists BCM International. Funds raised will be applied to development activities for the Makabingui Gold Project and its working capital.
Mining rights for Platreef Project granted
Mining rights approval for the development and operation of Ivanhoe Mines’ Platreef Project was granted on 5 November 2014. Ivanhoe Mine, a Canadian-listed exploration and development company, plans a multi-phased mine development on its Platreef discovery, with the licence authorising it to mine and process platinum-group metals, nickel, copper, gold, silver, cobalt, iron, vanadium and chrome.
African Potash Limited second exploration drill hole promises mining opportunities
African Potash, the AIM listed company focused on sub-Saharan potash assets, has completed and intersected multiple potash seams at its second exploration drill hole at its Lac Dinga Potash Project in the Republic of Congo. This drill hole was defined on the interpretation of approximately 415 line kilometres of 2D oil industry seismic data, which successfully intersected potash mineralisation. It drill hole is situated at one of two target locations.
BHP Billiton to create independent global metals and mining company
International mining giant BHP Billiton reports that, following the transformational growth of its major businesses, it now has two “great” companies embedded within its portfolio. As such, the mining house plans to create an ...
CoAL sells Mooiplaats Colliery to Blackspear
Australian mining company Coal of Africa Limited (CoAL) has signed a Sale and Purchase Agreement for the disposal of its Mooiplaats Colliery, the thermal underground colliery in the Ermelo Coalfield in Mpumalanga, to a wholly-owned subsidiary of Blackspear Holdings Proprietary Limited for a gross consideration of ...
Boikarabelo Coal Project development progresses despite earthworks contractor’s liquidation
The Boikarabelo Project (Ledjadja Coal joint venture), in the Waterberg Region, Limpopo Province, experienced a setback when its main onsite earthworks contractor, Protech Kuthele, was placed into liquidation. Consequently, earthwork activity for the rail link, site infrastructure and roads ...
Mining licence and convention approve for Zanaga iron ore project
The Zanaga iron-ore project in the Republic of Congo has been granted a 25-year mining licence with a renewable option for 15-year periods. Its operators, a joint-venture between Aim-listed Zanaga Iron Ore Company (ZIOC) and diversified miner Glencore, have entered into a convention with the government of Congo.
Otjikoto Gold Project increases ore throughput estimate
The Otjikoto Gold Project, a joint venture between B2Gold (90%) and EVI (10%) located 300 kilometres north of Windhoek in Namibia, has revised its 2015 ore throughput estimate up from 2.5 million tonnes per year to 3 million tonnes per year. The mine has, consequently, also revised its annual gold production from the main Otjikoto pit from approximately 141 000 ounces to about 170 000 ounces when expansion is completed at the end of 2015.
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