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Petra Diamonds 2014 output exceeds guidance

LSE-listed Petra Diamonds increased its production for the 2014 financial year by 17% to 3.11-million carats – above market guidance of 3-million carats. The increase in production was mostly owing to production increases at its Finsch mine, in...
28th July 2014

ABG reports net profit for H1 on back of increased production, reduced costs

Bulyanhulu mine London-listed gold producer African Barrick Gold (ABG) reported a net profit of $41-million for the six months ended June 30, driven by increased production and continued cost discipline. ABG CEO Brad Gordon pointed out that the company had now...
25th July 2014
Base metals & graphite

Junior miner’s optimism for Mozambique projects boosted

Australian junior Metals of Africa (MTA) has reported encouraging results at both its Mozambican projects. These are the Montepuez Graphite project in Cabo Delgado province and the Rio Mazoe (including Changara) base metals project in Tete...
25th July 2014

Tanzania to upgrade mining cadastre information management system

The upgrade will enable all stakeholders in the mining sector to interact with the Ministry though modern web-based technologies
The Tanzanian Ministry of Energy and Minerals, with funding from the World Bank’s International Development Association, has launched a project to upgrade their mining cadastre information management system (MCIMS).
25th July 2014

Richland committed to returning Aus sapphire mine to production by Q1 2015

Africa-focused gemstone producer Richland Resources was fully committed to bringing the Nardoo Sapphire project, in Queensland, Australia, back into production during the first quarter of next year, Richland CEO Bernard Olivier said on Wednesday....
23rd July 2014

IMX shares tumble as Tanzania exploration results disappoint

The share price of ASX-listed IMX Resources dropped by more than 30% on Wednesday after joint venture (JV) partner MMG Exploration failed to triple the resource estimate at the Ntaka Hill nickel sulphide project, in Tanzania. IMX has told...
23rd July 2014

Plant efficiencies drive New Luika Q2 output up 8%

New Luika East Africa-focused gold producer Shanta Gold has hit record quarterly production of 21 940 oz at its Tanzania-based New Luika gold mine for the three months ended June 30, representing an 8% uptick on the 20 254 oz produced in the first quarter...
21st July 2014

Uranium Resources halts drilling at Tanzania play

Aim-listed exploration and development company Uranium Resources on Monday announced that it would delay further drilling at its flagship Mtonya uranium project, in Tanzania, until uranium market fundamentals improved and the true potential of the...
21st July 2014

Joemat-Pettersson reaffirms plan to expand role of gas, nuclear in SA mix

Energy Minister Tina Joemat-Pettersson Energy Minister Tina Joemat-Pettersson placed significant emphasis on the development of gas, including shale gas, and nuclear in her inaugural Energy Budget Vote to lawmakers in Cape Town on Monday. In an address framed by President Jacob...
21st July 2014

Panda Hill niobium project, Tanzania Restricted

Cradle Resources has launched a prefeasibility study at its Panda Hill project.
18th July 2014

Woodside signs Tanzania farm-in with Beach

Australian oil and gas miner Woodside Petroleum has signed a farm-in agreement with fellow-listed Beach Energy over the Lake Tanganyika project, in western Tanzania. While the details of the transaction remained confidential, it was known that...
14th July 2014

Renewables a serious option for African miners as energy costs, emissions rise

Rising energy prices and supply constraints have forced mining companies operating in Africa to find new energy solutions that are affordable, consistent and secure. The mining companies are exploring renewable-energy integration as a means to not...
11th July 2014
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