Tag: Africa mining news
Teranga completes initial resource on Golden Hill
After 18 months of drilling at its Golden Hill exploration project in southwestern Burkina Faso, Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has completed a...
AMCU to extend Sibanye strike to other mines
Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in...
Newmont beats analysts’ estimates for quarterly profit
Gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines...
Mining firms operating in Sub-Sahari Africa urged to invest in renewable energy
A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power...
South African miner Sibanye raises loss estimate by $100 million-plus
South Africa's Sibanye-Stillwater expects its full-year attributable loss to be more than $100 million greater than guidance in a trading statement last week, it...
Liberia mourns dozens
Liberian President George Weah declared Monday a day of national mourning after more than 40 people were killed in a mudslide at an alleged...
Petra Diamonds appoints new CEO, share prices rises
African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half...
How South African mines cope with power cuts
South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008...
Africa should stop expecting supercharged profits from mining: Akufo-Addo
Standing before hundreds of mining investors and executives last week, Ghanaian President Nana Akufo-Addo issued a firm warning: stop expecting supercharged profits from Africa’s...
Gold fields slumped 73%
South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its...
SA labor group stages nationwide protest
South Africa’s biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of...
Barrick gold reports $1.2 billion quarterly loss
Canada’s Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth...