Africa Top Stories

Barrick, Newmont step up game to sway top investors

Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.

Cecilia Jamasmie | February 28, 2019 | 5:54 am

World’s biggest platinum miners ask court to block strike

“We are of the view that AMCU is not acting…

Bloomberg News | February 27, 2019 | 9:57 am

Eskom’s Molefe ‘stonewalled’ Glencore ex-CEO says

Nedbank Ltd. estimates that corruption, maladministration and bad policies shaved…

Bloomberg News | February 27, 2019 | 9:43 am

Codelco to kick off Chuquicamata underground by mid-year

Codelco's second largest copper operation by size is expected to…

Cecilia Jamasmie | February 27, 2019 | 9:05 am

Nornickel expects bigger palladium supply deficit in 2019

The global palladium market deficit is forecast at 800,000 ounces…

Reuters | February 26, 2019 | 11:19 am

Latest Stories

Gold Fields issues ultimatum to 15,000 striking miners

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Cecilia Jamasmie | October 16, 2012 | 6:58 pm

Ivanplats raises $305 million in biggest global IPO since Glencore

Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.

Cecilia Jamasmie | October 16, 2012 | 5:22 pm

Analysts warn miners of coup d’état risks in Mauritania

Mining companies with interests in Mauritania will face some challenges, but no major disturbances in the event of a coup d'état in the northwest African country, whose President was shot and flown to France for medical treatment on Sunday, say analysts.

Cecilia Jamasmie | October 16, 2012 | 4:18 pm

African countries risk harming own economies by seeking short-term mining gains: CEO

African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow.   

Cecilia Jamasmie | October 16, 2012 | 3:33 pm

Firestone unearths ‘very rare’ diamonds at its Lesotho mine

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

Cecilia Jamasmie | October 16, 2012 | 12:46 pm

Death of miner in Ghana triggers firm response from Beijing

The death of a Chinese gold miner in Ghana as well as the arrest of over 90 of his compatriots and colleagues has triggered a strong response from Beijing.

Marc Howe | October 15, 2012 | 1:19 am

Anglo American iron ore unit fires striking miners

Anglo America's (NYSE:AAL) Kumba Iron Ore announced on Monday that it had fired almost 300 workers in South Africa for participating in an illegal strike and commandeering millions in company equipment.

Marc Howe | October 15, 2012 | 12:52 am

72 Gold Fields miners arrested in South Africa

South African police have arrested 72 miners from the Gold Field's (NYSE:GFI) KDC Kloof mine following violent clashes at a protest near Johannesburg.

Marc Howe | October 15, 2012 | 12:07 am

Anglo American suffers losses of $126 million on wild cat strikes

The world's largest platinum producer has announced losses to revenue of $126 million as result of protracted labor disputes in South Africa.

Marc Howe | October 13, 2012 | 12:32 am

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