Africa Top Stories

Birimian eyes 2020 production at $199m Mali lithium mine

The Goulamina mine is one of the world’s largest undeveloped…

Zimplats FY profit tumbles after higher deferred tax charge

Platinum miner Zimplats on Friday reported a 94 percent drop…

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SA’s state-owned mining company launched

South Africa's president, Jacob Zuma, on Saturday officially launched a state-owned mining company under which he said all state interests in mining would be consolidated

New South African state mining company to begin coal production by June: CEO

South Africa’s state-owned African Exploration, Mining and Finance Corp. said it will start producing 800,000 metric tons of coal annually for domestic electricity provider Eskom Holdings Ltd. by June, Bloomberg News is reporting: The company, jointly controlled by the government’s energy and mining ministries, will spend 130 million rand ($18.5 million) building a coal mine in Vlakfontein, about 80 kilometers east of Johannesburg, Chief Executive Officer Sizwe Madondo said at the site today. Production will be increased to 1.68 million tons, with the option of boosting it further to 3 million tons annually, he told hundreds of local residents.

MENA unrest could see gold revisit 1980s and hit $2000

In the 1980s unrest in the Middle East and a surge in oil prices, were the triggers which drove gold to record highs. The current Middle East/North Africa (MENA) unrest could see history repeat itself. It is possible to draw parallels between today's

Anglo American reports jump in net profit to $6.54bn

The group announced better-than-expected results for the year on the back of higher prices and said it remains positive about the outlook for commodities markets. Anglo American (AAL.L: Quote) (AGLJ.J:Quote), the world's fourth-largest diversified miner,