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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Implats expects wider FY18 losses
    Platinum producer Impala Platinum (Implats) expects its headline loss to widen by 18% to 36% year-on-year to between R1.1-billion and R1.3-billion for the financial year ended June 30. Its headline loss a share is also expected to widen to between 162c and 186c.
  • AngloGold moves to avoid 2 000 job losses in South Africa region
    The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably.
  • Kore announces maiden sylvinite mineral resource estimate for Dougou extension
    Potash development company Kore Potash has declared a maiden sylvinite mineral resource estimate for its Dougou extension deposit, at the flagship 97%-owned Sintoukola (Kola) potash project, in the Democratic Republic of Congo (DRC). Sylvinite is a rock type comprised primarily of the potash mineral sylvite (KCI) and halite (NaCI).