Africa Top Stories

Sibanye CEO plans to resume cash dividend payments in 2020

CEO Neal Froneman says he’d consider buying more gold assets…

Gold miner smuggles in workers by night to bypass strikers

Gold Fields is having to sneak maintenance teams into its…

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DRC gold mine on track for Q4 production – Banro

DRC gold mine on track for Q4 production – Banro New York- and Toronto-listed Banro on Monday said its Twangiza gold project is on track to become the first new commercial gold mine in the Democratic Republic of Congo (DRC) in more than 50 years, with

Petra Diamonds – Finsch acquisition update

Petra Diamonds is pleased to announce that Ministerial consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act, 2002 (“MPRDA”) has been granted for the cession and transfer of the new order mining right for the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited (“De Beers”) to Afropean Diamonds (Pty) Limited (”Afropean”). Afropean represents Petra’s interests in Finsch; Afropean being owned as to Petra 74% and Petra’s Black Economic Empowerment partners 26%.

Platmin Limited – Metal sales at record high in second quarter

Platmin Limited announced production results from the Pilanesberg Platinum Mine and financial results for the quarter and half-year endedJune 30, 2011. Sales revenue for the quarter-ended June 30, 2011 was US$34.5 million, an increase of approximately 130% compared with US$15.0 million recorded in the prior corresponding period; and for the half-year ended June 30, 2011 - US$60.5 million, an increase of approximately 80% compared with the prior corresponding period. Sales of 4E PGM ounces for the June 2011 month was 9,258oz or about 110 000oz annualized;

Ivory Coast gold production to double by 2013

The Ivory Coast’s gold production capacity will almost double to 13t a year by 2013, from its current annual output of 7t, according to the country’s energy and mines minister Adama Toungara. “We will be able to reach 13tpa by 2013 and 20tpa by

Kenya set to issue a gold mining lease to Goldplat

Kenyan government will in October issue London listed Goldplat a lease to exploit the large gold deposits at Kilimapesa gold site in Narok County. An official at Kenya's ministry of mines said that Goldplat will be given a mining lease after completion

First Uranium Corporation – Fatality at the Ezulwini mine

First Uranium announced that on August 11, 2011 a fatality occurred at the Ezulwini mine. An internal investigation is underway to determine the cause of the incident. A day of mourning started on Thursday evening night shift in sympathy of the deceased. The Department of Mineral Resource's review and investigation is also in progress.