Gold Fields workers to strike over planned 1,100 job cuts at South Deep

Having trouble viewing this email?  View online Africa News Digest Friday 2 November 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Gold Fields workers to strike over planned 1,100 job cuts at South Deep The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday. read » Mining veteran wants to build a $1B battery metals giant TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China's domination of the nascent industry. read » Gem Diamonds revises up full-year output target as recoveries on the rise So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter. read » World's two top diamond miners join forces to test blockchain pilot Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds. read » Firestone hails strong start of second quarter despite slight recoveries fall The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date. read » Zimbabwe's government to give mining claims to artisanal diamond miners Villagers living around the Marange diamond fields would benefit. read » Barrick's bet on African gold maestro faces first test in Congo While Kibali has been a crowning achievement for Randgold, it's set to challenge Mark Bristow's trouble-shooting skills even before he takes over as CEO of the enlarged company. read » Barrick could trade copper mines for gold ones to expand Tier 1 assets The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs. read » Lucapa secures $7m loan to boost Lesotho mine development First commercial diamonds from the company's 70%-owned Mothae mine expected in early November. read » Barrick Gold profit, revenue drop as metal prices weaken Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs. read » About $5B in assets to be sold due to Barrick-Randgold merger — expert BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger. read » De Beers diamond production falls 5 percent in third quarter The world's top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa. read » Petra Diamonds revenue up as production, sales jump Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017. read » Lonmin in $200m loan deal with state-backed Chinese company Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China's largest copper producer. read » Almost 400,000 migrants left Angola in massive diamond crackdown The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency. read » Acacia threatens Tanzania with legal action as dispute escalates The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli. read » Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering The news comes barely a week after the company said another worker had been released on bail after being charged with corruption. read » Gold miner Sibanye's profit plunges after fatal accidents hit output Shares in Sibanye-Stillwater hit a monthly low on Thursday, down 13.28 percent. read » China's CNNC seeking overseas partners to secure uranium "Our vision is to be the world's leading uranium company" – Ni Tao deputy manager of China National Uranium Co Ltd read » Zimbabwe's RioZim shuts mines over dollar shortages The company had run out of critical consumables and spares required for its mines, forcing the shutdown read » S.Africa's Implats in talks to sell 1 Shaft operation in Rustenberg Implats plans to trim staff by about a third — more than 13,000 jobs — over two years at its Rustenburg platinum belt. read » Barrick, Randgold sweeten dividend ahead of takeover deal vote Randgold plans to sweeten its 2018 dividend by 35%, to $2.69 per share from $2, and pay it before the merger closes. read » South African diamond miner wants to go digital Epiroc and Kimberley Ekapa Mining are working together to digitize the latter's diamond operations. read » Randgold Resources' Mali gold mining complex ramps up production Increased grades expected in Q3 and Q4 of this year. read » Zimbabwe lithium miner sees first production in Q2 next year The southern African nation is pushing the metal as a major draw for investors as it looks to attract capital to its mining sector following the ousting last year of former president Robert Mugabe after almost four decades in power. read » Rio says Chinalco pact for $1B Simandou stake has lapsed Rio and Chinalco have decided to explore other options to realize value from the project. read » Zimbabwe gold producers warn currency shortage threatens output Zimbabwe's mining industry is facing "severe viability challenges" because of the shortage of hard currency read » Namibia scraps black ownership rules for mining exploration licences Rules threaten the diamond and uranium producer's ability to attract investment. read » Glencore posts rise in copper, cobalt output on Katanga restart Glencore's copper production rose to 1,063,100 tonnes from the start of this year and cobalt output jumped 8,700 tonnes to 28,500 tonnes. read » Vedanta says will invest $700-$800m in South Africa smelter Investment in South Africa on the rise read » Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast The production forecast has been revised to 230,000 ounces of gold for this year. read » B2Gold updates Fekola resource in Mali Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine's resource estimate. read » Responsible Artisanal Gold Solutions Forum announces first conflict-free supply chain from Dr Congo Artisanal Gold Mine to retail in USA With support from USAID, a pilot project was implemented in South Kivu, DRC to establish a conflict-free supply chain for artisanal gold. read » Mali's first independent power project to start up next week Full operation begins October 31. read » Read more Africa news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by 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