Africa and the Middle East - Page 1

Wages increases, productivity losses may push SA rating down: Moody's
Wednesday, May 15, 2013 Wage increases and productivity losses linked to strikes could lead Moody's Investors Service to downgrade South Africa's credit rating...

Africa Progess Panel commends Kenya’s new mining tax law
Tuesday, May 14, 2013 Kenya's announcement that it will tax the transfer of assets in the mining sector has been welcomed by The Africa Progress Panel (APP), an influential international policy think...

Rio expects Mongolia’s approval for Oyu Tolgoi exports soon
Friday, May 10, 2013 Anglo-Australian mining giant Rio Tinto is expecting to ship gold and copper from its Oyu Tolgoi mine in Mongolia in the coming few weeks, after months of negotiations with the government over...

Mine collapse in western Sudan kills more than 60 miners
Friday, May 03, 2013 A gold mine has collapsed in the western Sudanese region of Darfur, killing at least 60...

Anglo American seeks to develop Mongolia’s Tavan Tolgoi coal field
Thursday, May 02, 2013 Anglo American is planning to join a group of companies that are keen to develop the Tavan Tolgoi coal mine in Mongolia....

Gold mine collapse in Ghana kills 17 illegal miners
Wednesday, April 17, 2013 An abandoned gold mine has collapsed in Ghana's central gold-producing region, killing at least 17 miners who were working...

Oyu Tolgoi project production 'in the offing', says Rio Tinto
Wednesday, April 10, 2013 Rio Tinto is expecting to commence production at the Oyu Tolgoi copper and gold mine in Mongolia in the coming months, as investment talks with the government...

Angola plans mineral investments to diversify earnings away from oil, diamonds
Monday, April 08, 2013 Angola, the fifth-largest diamond producer, has announced its intentions to invest billions of dollars into mineral deposits, as part of its efforts to generate its earnings away from the crude...

GMR Group to sell stake in South African mines
Thursday, March 28, 2013 Homeland Mining & Energy SA (HMESA), a wholly owned subsidiary of GMR Group, has announced that it will sell its 50% equity holding in Tsheda Mining Resource, which holds the license...

Rio Tinto forms joint venture with Mozambique firm to explore coal
Friday, March 22, 2013 Rio Tinto has formed a joint venture with Empresa Mocambicana de Exploracao Mineira (EMEM), a Mozambique mining exploration company, to explore coal in the country’s Tete...

Sundance Resources in talks to sell stake in African iron ore project
Wednesday, March 20, 2013 Western Australian iron ore company Sundance Resources is holding negotiations with companies including commodities trader Glencore International to sell a stake in its Mbalam iron ore project...

Ma’aden signs $7bn phosphate joint venture in Saudi Arabia
Wednesday, March 20, 2013 The Saudi Arabian Mining Company (Ma’aden) has entered into heads of agreement with The Mosaic Company and the Saudi Basic Industries Corporation (SABIC) to jointly develop a SAR26bn...

Anglo American miners down tools at Kleinkopje coal mine in South Africa
Wednesday, March 13, 2013 Anglo American has reported an unprotected strike called by workers at its Kleinkopje colliery thermal coal mine in South...

De Beers to develop South Africa's largest diamond mine
Friday, February 15, 2013 The De Beers Group of companies plans to invest ZAR20bn ($2bn) to build a new underground diamond mine underneath the existing Venetia Mine in Limpopo Province, South...

Kinross records $3.2bn writedown on Tasiast gold project in West Africa
Thursday, February 14, 2013 Canadian mining company Kinross Gold has reported a total non-cash impairment charge of $3.2bn in...

Palabora Mining records huge loss for 2012 on declining copper, magnetite prices
Thursday, February 14, 2013 South Africa-based Palabora Mining has reported a ZAR97m ($11m) loss for the 2012 financial year due to declining copper and magnetite...

London Mining reports increased iron ore production for 2012
Friday, January 25, 2013 London-based iron ore producer London Mining has reported an output of 1.52 million dry metric tonnes (dmt) in 2012, exceeding its target of 1.5 million...

Anglo American Platinum to close four mining shafts hit by SA strikes
Tuesday, January 15, 2013 Anglo American Platinum said it will halt operations at four mining shafts in Rustenburg, South Africa and cut 14,000 jobs in a bid to return to profitability after being hit by a series of...

Nemex Resources discovers iron ore at Boulere Prospect
Friday, January 11, 2013 Australia's Nemex Resources has identified a 258 million tonne inferred maiden iron ore mineral resource at a grade of 37.3% Fe at the Boulere Prospect in...

Tiger Resources reports positive economics from Kipoi Copper project
Thursday, January 10, 2013 Tiger Resources has released a feasibility study (DFS) for its Stage 2 Solvent Extraction Electrowinning (SXEW) facility at the Kipoi Copper Project in the Democratic Republic of...