Africa Top Stories

Acacia pokes holes in Barrick’s takeover bid, still open to “fair” offer

The African miner said it "strongly disagreed" with Barrick's valuation of the company and that the proposal appears to have ignored the value of its exploration and development assets.

Cecilia Jamasmie | June 24, 2019 | 10:19 am

Zimbabwe leader wants new currency, IMF loan in revival bid

The state abolished Zimbabwe’s currency in 2009, after an episode…

Bloomberg News | June 21, 2019 | 8:12 am

Mercuria, S. African firms place bids for South32’s SAEC coal mines

While some international mining companies have reduced exposure to coal…

Reuters | June 20, 2019 | 3:59 pm

Zambia to choose buyer for Vedanta unit in July, Lungu says

The company is also considering whether to appeal a decision…

Bloomberg News | June 20, 2019 | 3:18 pm

Rio Tinto looks at developing Simandou again — report

It's mulling options to develop the giant iron ore deposit…

Cecilia Jamasmie | June 20, 2019 | 9:45 am

Wage talks in South Africa’s gold sector reach standstill: strike imminent

The National Union of Mineworkers (NUM) said the 1% increased offered was an insult to workers and that dispute is now going to arbitration.

Cecilia Jamasmie | July 24, 2013 | 6:41 pm

Africa’s no 1 iron ore mine expects market surplus this year

Iron ore to remain under pressure, but Chinese restocking could support price in near term.

Frik Els | July 23, 2013 | 5:10 pm

Randgold to pour first gold at DRC’s Kibali Mine

Kibali Mine to start producing in October.

Cecilia Jamasmie | July 23, 2013 | 4:16 pm

Lucara hunts for new properties in Africa, set to sell rare pink diamond

Miner has become the third-best performer this year among publicly traded Canadian metal and mining firms.

Cecilia Jamasmie | July 23, 2013 | 3:18 pm

Amplats swings back to profit despite strikes, restructuring

The platinum giant is, however, cutting at least 6,000 jobs.

Cecilia Jamasmie | July 22, 2013 | 6:41 pm

Zambia lets First Quantum restart dam project halted since May

The dam is key for the supply of water to the company’s Sentinel copper mine and the planned Enterprise nickel project.

Cecilia Jamasmie | July 22, 2013 | 4:47 pm

Guinea’s efforts to attract investors by reforming mining code lack teeth: report

Country's probe on all 18 mining contracts granted at Simandou making companies nervous.

Cecilia Jamasmie | July 19, 2013 | 4:34 pm

Malawi is the next rare earth hub

The Southern African country ticks all the boxes.

Frik Els | July 18, 2013 | 11:23 pm

Copper, diamonds boost Anglo’s results ahead of strategy review

Anglo American is likely to report a 31% profit drop next week, when CEO Cutifani unveils key strategy for the underperforming mining group.

Cecilia Jamasmie | July 18, 2013 | 5:02 pm

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