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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Third of Pan African gold from low-cost, low-risk surface tailings
    More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results on Wednesday that the London- and Johannesburg-listed mid-tier mining company expects to produce 190 000 oz-plus of gold in its 2018 financial year. (Also watch attached Creamer Media video).
  • Brown receives outstanding information on Eskom’s relationship with Gupta-linked Trillian
    Public Enterprises Minister Lynne Brown has received answers from Eskom to outstanding questions about its relationship with Trillian, a Gupta-linked company, her office said on Wednesday. “Minister Brown last night received Eskom’s responses to her queries. She noted  progress and Eskom will soon announce more details,” her office said.
  • Tanzania President orders wall built around tanzanite mines, says govt will start buying stones
    Tanzania's President on Friday ordered the military to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with mining firms over alleged tax evasion. "All tanzanite gemstones will be controlled and will pass through one gate and he (President John Magufuli) ordered the (central) Bank of Tanzania to take part in the tanzanite buying trade," a statement from the presidency said.