Mining companies operating in Mali will lose their right to value-added tax exemption during production, amongst other regulatory changes contained in a new mining code announced by the Mines Ministry. The new code in Mali will also shorten the ‘stability period’ during which miners’ existing investments...
West African countries will drive the next gold mining boom in Africa as the industry continues to decline in Southern Africa, according to the continent’s largest asset manager Public Investment Corporation (PIC). Investor-friendly policies and low cost deposits in countries such as Ghana, Mali, Burkina Faso,...
Family-run, South African drilling company Rosond has secured a contract with Kumba Iron ore worth R2 billion, replacing larger firms Master Drilling and Geoserve Exploration Drilling at two mines in the Northern Cape. Rosond has worked on a greenfield exploration drilling programme for Anglo American-owned Kumba...
The Tanzanian government has lifted a ban on Acacia Mining exporting gold from its flagship mine, although the long-running dispute is set to continue after the country’s mining commission said it found regulation breaches at the North Mara mine. The gold miner was handed the ban...
Resolute Mining has announced the acquisition of fellow West African miner Toro Gold for a fee of US$274 million, expanding its West African portfolio into Senegal in the process. The deal will see ASX and LSE-listed Resolute take immediate control of Toro and its Mako Gold...
As South Africa’s platinum giants continue wage talks with labour unions, it has emerged that producers could push towards a pay settlement figure given to gold miners by Sibanye-Stillwater earlier this year. Sibanye agreed to increase the pay of workers at its three gold mines by...
South African mining firm Afrimat has withdrawn its offer to buy Australian-listed Universal Coal, citing the size and complexity of the transaction. Universal, a company with coal operations in South Africa, received a bid from Afrimat in April for its entire issued share capital. Afrimat’s offer...
At least 41 artisanal miners were killed on Thursday when part of a Glencore-owned copper-cobalt mine in Democratic Republic of Congo (DRC) collapsed. The incident occurred in the KOV open pit mine at the Kamoto Copper Company (KCC) concession in Southeast DRC. Glencore’s subsidiary Katanga Mining...
Gold output in Ghana jumped by 12% in 2018 to 4.8 million ounces (Moz), eclipsing South Africa’s output of 4.2Moz for the first time and becoming Africa’s largest gold producer in the process. South Africa’s gold sector has been in gradual decline for several years, with...
Sibanye-Stillwater is set to become the world’s largest platinum producer after its US$286 million offer to buy Lonmin was approved by the majority of the struggling PGM miner’s shareholders. Investors owning nearly 99% of Lonmin’s stock voted in favour of Sibanye’s all-share offer, which had been...