Africa Top Stories

Gold market authority threatens to blacklist UAE and other centres

The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards.

Reuters | November 12, 2020 | 7:57 am

Glencore boss says pandemic could delay his departure

Ivan Glasenberg had said he would step down once a…

Reuters | November 12, 2020 | 7:00 am

Guinea approves railroad and port plan for Simandou

The move is key to Guinea’s economy and Simandou's development,…

Cecilia Jamasmie | November 12, 2020 | 6:28 am

Barrick, Loncor expand JV partnership in DRC

Ground covered by the new agreements includes a number of…

MINING.COM Staff Writer | November 11, 2020 | 11:30 am

Nigerian billionaire plans to dig platinum mine in Zimbabwe

Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1…

Bloomberg News | November 11, 2020 | 9:28 am

Electric cars yet to turn cobalt market into gold mine – Nornickel

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

Reuters | October 30, 2017 | 3:14 am

The best diamonds in the world are buried at the bottom of the Atlantic Ocean

The best diamonds in the world come from the sea.

Quartz | October 29, 2017 | 3:53 pm

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

Reuters | October 27, 2017 | 10:10 am

Major Guinea bauxite mine to start producing in 2019

Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.

Reuters | October 26, 2017 | 12:27 pm

Barrick shares crater as Tanzania troubles grow

Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".

Frik Els | October 26, 2017 | 11:24 am

Gold miner Newmont’s higher costs cast shadow on profit beat

The miner said its all-in sustaining costs to produce an ounce of gold rose $18 to $943 due to higher exploration and project expenses.

Reuters | October 26, 2017 | 11:01 am

10 people die in clash at a gold mine in Chad

The fight started when residents of the central Sahara mountain region felt disturbed by artisanal miners.

Valentina Ruiz Leotaud | October 25, 2017 | 7:27 pm

Rio facing class action in the U.S. over Mozambique coal mine

The filing cited Anton Colbert of Cook County, Illinois, as lead plaintiff but his action acts in the name of “hundreds or thousands of members in the proposed class.”

Valentina Ruiz Leotaud | October 25, 2017 | 4:56 pm

Barrick cuts 2017 production guidance again

World's number one gold producer swings to loss during third quarter.

Frik Els | October 25, 2017 | 3:16 pm

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