Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Near-mine communities up in arms against Freeport McMoRan’s DRC unit

Communities living near the new $2-billion Fungurume copper/cobalt mine, in the Democratic Republic of Congo (DRC), are up in arms against the gigantic mine’s developer, which they accuse of not delivering on its pledge to create substantial...

SA mining skills in high demand but short supply

The ability of recruiters to source technically skilled South African mining labourers is becoming increasingly difficult and these expertise will soon be in serious short supply, says project support specialist Mecs Africa MD Roland Glass.

Rapid progress at Randgold's Kibali, Moz buys Moatize stake, Chinese eye Uganda copper mine and other news in the Africa Mining Roundup

This month's electronic report includes details on African miner Randgold Resources' development of the Kibali project, in the Democratic Republic of Congo; the government of Mozambique's deal to acquire a 5% stake in the Moatize coal project for...

Glencore takes control of Mutanda with $480m deal

Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480-million, marking the first step in a planned merger of the mine with its nearby Kansuki concession. Mutanda, in...

Tiger upgrades Kipoi resources

ASX- and TSX-listed Tiger Resources has reported a 40% increase in the measured and indicated resources at its Kipoi Central deposit, in the Democratic Republic of Congo. Measured and indicated resources for the Kipoi Central deposit have now...

Cutifani says policies on way to support robust SA mining industry

The CEO of South Africa’s largest gold-mining company expressed confidence on last week that a new policy structure in the making would support the development of a robust mining industry in South Africa.

AngloGold Ashanti CEO Mark Cutifani...

Goodlace a calm hand for Implats tiller

Impala Platinum's chief executive-in-waiting Terence Goodlace has plenty of experience operating in tough places, such as Democratic Republic of Congo. He will need it because running the world's second-largest platinum producer, which he takes...

Kipoi exceeds Tiger's expectations

ASX- and TSX-listed copper miner Tiger Resources has reported that the heavy media separation (HMS) plant at its Kipoi project, in the Democratic Republic of Congo, has been producing at 200% above its nameplate capacity. During May 12, the HMS...

First Quantum buys 19.9% stake in Peru-focused junior

Base metals miner First Quantum on Friday said it bought a 19.9% stake in Zincore Metals, which owns copper and zinc projects in Peru, for a total of C$7.5-million. The TSX-listed junior had said on May 8 First Quantum took up a stake of some 10%...

Fraser Alexander celebrating 100 years of service to mining

South Africa’s Fraser Alexander, which has been providing customised solutions to the mining industry since 1912, this year celebrates 100 years of service to the resources sector. Fraser Alexander and his cousin Fred Alexander founded the...

Glencore unit’s Q1 suffers from $14.5m DRC tax penalty

Katanga Mining, the Congo copper producer Glencore owns, said on Friday first-quarter net profit shrunk to $5-million, about one-eighth of the figure it reported for the same period one-year ago. The TSX-listed company said a $14.5-million...