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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Strong rand to impact on Kumba's interim earnings
    Kumba Iron Ore says the stronger rand and lower export iron-ore prices negatively impacted on its headline earnings and earnings for the six months to June 30. In a trading update on Monday, the iron-ore miner said its headline earnings and earnings are likely to be at least R921-million and R917-million lower, respectively, than the R4.60-billion and R4.59-billion reported for the first six months of 2017.
  • Orion accelerating on all fronts, looking to upscale production
    ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's Northern Cape province, and enables it to continue with regional exploration.
  • Edenville, Sinohydro extend MoU to December 2019
    Energy commodity developer Edenville Energy has extended the validity of its memorandum of understanding (MoU) with hydropower engineering company Sinohydro Corporation of China, over the Rukwa coal project, in south-west Tanzania, to December 2019.