Africa

Turquoise Hill Resources announces that Oyu Tolgoi LLC has signed a US$4.4 billion project finance facility, one of the mining industry’s largest, to enable development of the Oyu Tolgoi (OT) underground project in Mongolia to resume. The facility is...

On December 7 the Specialised Interdistrict Economic Court of the Akmola Oblast in Kazakhstan ordered that Alhambra Resources’ wholly-owned Kazakhstan subsidiary Saga Creek Gold Company JV LLP be declared bankrupt. As a matter of Kazakh law, the Bankruptcy Order...

The signing of a landmark US$4.4 billion project financing agreement for the Oyu Tolgoi underground mine is a global vote of confidence in Mongolia that reopens the doors to the leading global banks for Mongolian projects, according to the...

More than 400 jobs to go at South32 manganese mine in South AfricaSouth32’s Hotazel Manganese Mines (HMM) are located in the manganese rich Kalahari Basin in the Northern Cape South Africa. The region is home to 80% of the...

Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuringAnglo American's overhaul reflects the dire straits the global mining industry is in these days. Shares in Anglo American (LON:AAL) nosedived Tuesday after the miner announced drastic measures...

Johannesburg based engineer and project delivery company DRA Global has commented that it is pleased and proud that its innovative process plant designs have assisted in the recovery of very large diamonds at the Karowe mine of Boteti Mining...

We have said previously that Africa is the new land of opportunity for speculators and investors. Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires,...