AFRICA IN DEPTH

  • The Impact of Mining and Quarrying on Ghana’s Economy

    2016-04-18
    For most of Ghana’s history, the mining and quarrying industry has had a significant impact on its economy as well as shaped the country’s socioeconomic and cultural progress. 

    Ghana’s economy is expected to rise at an annual growth rate of 5.9% in 2016, supported significantly by the growth of its mining sector. Desp..
  • Exploration Projects From Largest Share of Ghana Mining Industry

    2016-04-12

    Since 1983, Ghana has undergone significant structural reforms with a strong movement towards an economic transformation of the mining sector. These reforms focus on attracting foreign investment, privatisation and state disinvestment to revitalise the industry. Ghana currently has 45 mining projects cover..

  • Mining CEOs' Confidence in African Economic Conditions Drops

    2013-07-09
    The confidence of African Mining CEOs in Africa's economic conditions decreased by 19.28% during Q2 2013, according to the African Mining CEO Confidence Index. This decrease could represent instability in the industry resulting from a resurgence of mining disruptions and labour disputes during the quarter in
  • South African mining industry at risk over wage negotiations

    2013-07-03
    Mining, South Africa's largest export industry is at risk following an announcement by the Association of Mineworkers and Construction Union (AMCU) demanding a 100% increase in wages for all unskilled and semi-skilled employees in the industry.

    The announcement by AMCU came shortly after rival union; the National Union of Minew..
  • Positive outlook for Tanzanian mining industry

    2013-06-19
    Tanzania, the fourth largest gold producer in Africa, expects the country's mining industry to grow in value to $1.28 billion in 2015. This increase will come largely as a result of foreign investment into the country's mining industry which was valued at $0.64 billion in 2010.
    A recent study by Business Monitor International forecasted the annual growth ..
  • SA mining CEOs confidence falls sharply

    2013-06-11
    Confidence in the South African mining sector has seen a steep drop in the second quarter of 2013; this is according to Merchantec Capitals CEO Confidence Index Report for Q2 2013. 

    According to the report, Basic Materials in South Africa re..
  • Zambian president calls for miners to improve locals welfare

    2013-06-04
    Zambian President Michael Sata has asked mining companies to ensure their investments in the country are translated into improved welfare for local Zambians.

    The Presidents views were expressed in a speech read by the countrys Vice President, Guy Scott, at the official opening of the 56th Copperbelt Mining, Agricultural and Commer..
  • Rescue plan in the pipeline for South African gold and platinum sectors

    2013-05-28
    South Africas platinum and gold industries may experience some relief as the government talks of devising a rescue plan for the ailing sectors.

    Minister of Mineral Resources, Susan Shabangu, said that she has instructed officials in her department to develop a rescue plan for the
  • Negative reception for Zimbabwes new proposed mining policy

    2013-05-21
    Zimbabwes new proposed mining policy has been met by opposition from the countrys Chamber of Mines. A draft of the bill emerged earlier this month, showing that the marketing of mineral commodities and restrictions on the production of diamonds and other strategic minerals will be limited to state-run companies.

    The Chamber, whi..
  • Platinum industry in trouble

    2013-05-14
    With platinum stores at their lowest point since 2001 all eyes are once again on South Africa, the largest producer of the precious metal.

    Shipments of platinum from South Africa<..
  • Zambia to crack down on mining taxes

    2013-04-29
    In an effort to end tax avoidance in the country, Zambia plans to implement a legislation that will ensure companies return foreign currency earned from exports to the country. Deputy Minister of Finance Miles Sampa has suggested that the details of the legislation will become available within the week. 

    All exports with a ..
  • Mixed reception for Guineas new mining code

    2013-04-12
    Guinea has introduced a new mining code which will use the governments entitlement stake in mining projects to encourage local processing of minerals by mining companies. 

    Welcomed amendments to the code included a reduction in royalties on bauxite to 0.15% of the internationally traded aluminum price down from 0.55%. In a..
  • African Mining Spotlight on Forge Group Limited

    2013-04-10
    Forge Group Limited reported on 18 February 2013 a net profit after tax of $33.9 million for the six months ended 31 December 2012, this represents a 60% increase on the previous corresponding period.
     
    African Mining met with Brett Smith COO of the ASX
  • Gold outlook drops as investors seek equities

    2013-04-09
    Analysts have noted a decrease in appetite for gold as investors asset holdings in the precious metal fell to its lowest level since August 2012.

    Forbes reported a 13% drop in the Standard & Poor's Depositary Receipts (SPDR) Gold Trust while the Dow Jones Industrial Average Index spiked a 30% increase since August last..
  • Mining majors look to divest unprofitable African projects

    2013-04-02
    This week the ministry of mining in Gabon announced that mining giant BHP Billiton Plc would freeze all operations in the country. The company currently holds two manganese mining licenses in the country, namely, Mounana and Okondja. Gabon is the second largest global producer of managanese. In addition, the company signed a contract a year ago for the Belinga
  • Blaming the Past Wont Help Mining Now

    2013-03-24
    Unlike what many people think, mines in South Africa have never had an easy time.

    And the past 10 years, despite the best run in commodity prices the world has ever seen, have probably been the most difficult for our mines since 1852. But how can that be? we ask. 

    ..
  • Guinea to launch stock exchange to boost mining

    2013-03-19
    Guineas Ministry of Mines has announced plans to create its own Stock Exchange within the next 2 years. The aim of the new Exchange is to expand the countrys financing options and aid the struggling mining sector.

    Guineas mining sector contributes approximately 25% of the countrys foreign income. The country hosts one of the wor..
  • African Mining CEOs bullish towards mining operations in Africa

    2013-03-13
    The African Mining CEO Confidence Index strengthened in the first quarter of 2013, rising by 54.05% from 37 to an overall score of 57 points. 



    CEOs confidence in Africas economic con..
  • Botswana, Africas leading mining jurisdiction

    2013-03-04
    The Fraser Institute has completed their survey of 742 mineral exploration and development companies to establish a list of the most favourable countries for global mining investment. 

    Botswana is the highest ranked African country, rank..
  • The end for CEOs of mining majors

    2013-02-26
    CEOs of mining majors BHP Billiton Plc, Rio Tinto Plc and Anglo American Plc are among the mining CEOs who have resigned or retired as a result of failed deals, rising costs and decreasing commodity prices.

    First to announce her departure was Cynthia Carroll of Anglo American, announcing her resignation on 26 October 2012. Her resig..
  • South African platinum industry problems persist

    2013-02-22
    Platinum mining executives met with Parliaments mineral resources committee this week to discuss the troubles faced by the platinum industry in South Africa.

    In a market where demand for
  • Shabangu meets with unions over violence in South Africa

    2013-02-20
    Susan Shabangu met with mining unions and the Chamber of Mines today, 20 February 2013, in order to come up with solutions to prevent further violence within the South African mining sector. 

    This follows increased violence after disputes between the National Union of Mineworkers (NUM) and the Association of Mineworkers and..
  • Zimbabwe indigenisation threatens foreign investment

    2013-02-13
    Zimbabwe has had a split government in terms of the countrys indigenisation policy, with the ruling Zanu-PF implementing an aggressive Indigenisation and Economic Empowerment Act. Commenting on the policy Prime Minister Morgan Tsvangirai was of the opinion that, The policy discord affected investor confidence in the country because of the manner in which indigenisation was implemented..
  • Mining code changes threaten foreign investment in Africa

    2013-02-06
    African countries including the Democratic Republic of Congo (DRC) have recently proposed revised mining codes which would include an increased Government stake holding in foreign mining companies.
     
    The countrys government is currently in the process of reviewing its mining code, which would increase its shareholding in foreign enti..
  • Amplats and Gold Fields share prices drop as production slumps

    2013-01-29
    South African miners are continuing to feel the impact of the wildcat strikes that swept across the industry late last year. Mining companies are now battling to recover lost production as reported in the recently released results of Anglo American Platinum Limited and Gold Fields Limited.
    ..
  • Amplats shares fall as uncertainty continues

    2013-01-17
    Anglo American Platinum Limiteds share price has dropped 4.10% down to R458.20 in the past week as a result of unlawful strikes. The strikes came in response to the companys plans to restructure. 

    Amplats announced this week their inten..
  • Base metal price decreases have left copper and nickel mining companies with a loss

    2013-01-07
    Base metal miners have seen a downward trend in the past week following decreases in the copper and nickel prices.

    The AM Copper Index dropped 2.19% following a 1.51% decrease in the copper price to $8 085.00. The decrease comes as a result of news t..
  • Positive outlook for gold mining countries as the gold price increases

    2013-01-03
    Gold mining countries have started 2013 on a high as the gold price has risen 1.85% to $1 687.74 in the past week.

    The rising gold price follows the passing of the fiscal cliff deal which will see higher taxes on the wealthiest 2% of American citiz..
  • AM Index decreases 0.92% due to commodity prices

    2012-12-27
    The AM Index has decreased by 0.92% in the past week following continued decreases in a number of commodity prices.

    The gold price has decreased 2.48% to $1 657.68, while plati..
  • AM Diamond and Iron Indices drive increase in AM Index

    2012-12-19
    The AM Index increased by 1.93% in the past week. This is due to rises across the AM Commodity Indices. The most noticeable increases were the AM Diamond and AM Iron Indices.

    The AM Diamond Index had the highest increase, climbing 5.07%. This is due to the increases in the share prices of
  • Increase in AM Index driven by AM Commodity Indices

    2012-12-11
    The AM Index climbed by 0.28% in the past week, due to increases in several commodity indices including the AM Platinum, AM Coal, AM Diamond and AM Iron Indices. 

    The AM Platinum Index increased by 4.91%, following an announcement by Impala Platinum Limited reaffirming shareholders of its commitment to the indigenisation of..
  • AM Index: Diamonds, coal and nickel drive increase

    2012-12-05
    The AM Index increased by 0.53% in the past week, following increases in the AM Diamond, Coal and Nickel Indices.

    The AM Diamond Index registered the highest increase with 3.63%, after Stellar Diamonds Plc released positive drill results for its Tongo diamond ..
  • Commodity prices drive increase in the AM Index

    2012-11-28
    The African Mining Index increased by 2.7% in the past week. This increase follows the strengthening in commodity prices after advancements in South Sudanese legislation and progress within the South African Mining industry.

    The platinum p..
  • Increase in platinum production drives recovery in AM Index

    2012-11-21
    The AM Index has increased by 3% since 16 November 2012, following a 2.5% increase in the AM Platinum Index as mining companies aim to ramp up production. The increase comes after the release of positive quarterly results in the platinum sector and the resolution of labour unrest in South Africa, brin..
  • AM Index decreases following gold and platinum supply shortages

    2012-11-13
    The AM Index has decreased by 1.76% following temporary supply shortages from gold and platinum mines. These shortages have resulted in decreases in a number of commodity indices.

  • Mergers and Acquisitions in African mining

    2012-11-09
    During 2012, the global mining industry completed 684 deals worth $77 billion. The largest deal in terms of value in global M&A deals for 2012 came from the mining industry. The deal which is yet to be completed is the acquisition of Xstrata Plc by Glencore International Plc for $47..
  • AM Index: AM JSE and AM LSE Indices drive decrease

    2012-11-08
    The African Mining Index has had a 1.06% decrease in the past week. The drop correlates with decreases in four of the AM Exchange Indices. The AM ASX Index decreased by 0.93% and the AM TSX Index decreased by 0.33%. The AM LSE Index and AM JSE Index had the largest decreases with 1.01% and 4.05% decreases respectively.

    The decrease ..
  • Gold and platinum industries drive AM Index increase

    2012-10-31
    The AM Index has climbed 0.3% in the past week. This increase is largely as a result of increases in the AM Gold and AM Platinum Indices.

    The gold price increased ..
  • Key cost drivers in the South African gold industry

    2012-10-29
    The South African gold mining industry is faced with tremendous pressure from increasing operating costs and this has seen producers cash margins eroded in the past decade.

    South Africas average cash cost in the
  • AM Index: Commodity prices drive decrease in AM Index

    2012-10-24
    The AM index has decreased by 0.68% in the past week. The drop follows the decreasing trend across the AM Commodity Indices, in particular; the AM Gold Index decreased by 2.07%, the AM Platinum Index down by 3.71%, the AM Copper Index down by 3.83% and the AM Nickel Index down by 1.78%.

    Due to uncertainty around the US Federal Reser..
  • Central Rand Gold: Share price up 42.86% on the JSE and 135.71% on the LSE

    2012-10-24
    Central Rand Gold Limiteds (CRG) share price on the JSE has increased by 42.86% in the past 12 months up to ZAR 10 cents per share on 24 October 2012. The companys share price on the LSE has increased by 135.71% up to GBp 0.825.

    The increase in the share price can be attributed to an announcement on 24 October 2011 that the Sout..
  • AM Index: Mali, Zambia and Ghana drive 2.05% increase

    2012-10-17
    The AM Index increased by 2.05% in the past week. This rise follows the increase in a number of AM Country Indices. Particularly the AM Mali Index, up by 7.10%, the AM Ghana Index up by 2.95% and the AM Zambia Index up by 6.11%.  

    The increase ..
  • AM Zambia Index up by 6.11%

    2012-10-17
    The AM Zambia Index has climbed 6.11% in the past week. The increase is due to strong performances by companies with operations in Zambia. In addition, the Zambian economy has been boosted after a recently obtained Eurobond. 

    The biggest ..
  • Bauba Platinum Limiteds shares rise by 12%

    2012-10-15
    Bauba Platinum Limiteds (Bauba) share price has increased from 125 cents per share to 140 cents per share since 1 October 2012. 

    The upswing in Baubas share price coincides with their announcement on 2 October 2012 regarding drilling progr..
  • Companies listed on minority exchanges cause the AM Index to rise

    2012-10-11
    The AM Index increased by 0.36% in the past week. This increase comes despite decreases in various commodity prices. The gold price has decreased by 0.77%, copper by 1.51%, platinum by 0.88%, and nickel by 4.59%. 

    The AM Index has 414 constituents; which are listed mining companies with operations in Africa. Of these consti..
  • The AM Platinum Index decreases as strikes continue and the platinum price drops

    2012-10-10
    The AM Platinum Index has decreased by 1.48% in the last week. The AM Platinum Index has 30 constituents; which are listed mining companies with platinum operations in Africa. 76% of these constituents have platinum oper..
  • African Mining stocks fall as commodity prices continue to rise

    2012-10-04
    The AM Index has decreased by 0.11% this week after initially posting promising increases from the beginning of the week started, 26 September 2012.

    The AM Index was on an upward trend at the start of the week, registering daily increases of up to..
  • Positive prospects for African coal miners

    2012-10-04
    The AM Coal index increased by 0.26% for the week started 26 September 2012. Following the coal price which rose by 3.11% in the same time.

    Coal provides approximately 30% of the worlds energy requirements. In 2011 global consumption of coal increas..
  • Mining companies need to establish strategic partnerships to address skilled labour shortages

    2012-10-04
    The African mining sector is faced with an unprecedented shortage of key talent to deliver on projected mining company growth. The available mining engineering skills in mineral rich African countries are actively targeted by other resource rich countries such as Canada, Australia and New Zealand.

    Mining majors who include
  • African Mining stocks rising slowly

    2012-10-02
    The AM Index has increased by 1.39% in the last week. This follows increases in commodity prices across the board. Price increases were lead by nickel which registered a 3.74% rise. In addition, platinum rose by 3.23%, &l..
  • Accurate resource definition difficulty in Africa

    2012-09-26
    The existence of significant resources has positive implications for economies in the African region. However, the magnitude of the potential in resources in Africa is subject to considerable uncertainty owing to the difficulties of quantifying the resource.

    It is impossible to quantify the resource accurately due to the limited ava..
  • African Mining stocks decline

    2012-09-26
    The AM Index has decreased by 4.06% since 17 September 2012. This decrease comes following platinum and gold price decreases, spreading instability in the South African mining industry and continued uncertainty in the European market. 

  • Gold price stabilising

    2012-09-25
    The gold price has registered 10 days of consistent prices, culminating in a 6 month high of $1 773.38 on 25 September 2012. The gold price has not dropped lower than $1 750.00 since reaching a price of $1 770.50 on 14 September 2012.

  • Mining companies walking a tight rope as costs soar

    2012-09-20
    Mining expenditure in Sub-Saharan Africa has risen sharply in tandem with rising production levels, mining cost inflation and increased investment spending on existing mines as well as new ones.

    Mining industry expenditures are functionally related to production levels and prices of mining consumables. High production levels transla..
  • African Mining stocks reach 5 month high

    2012-09-19
    The AM Index has climbed to its highest point in 5 months. This high represents a 16.69% increase from its lowest point this year on 24 July 2012.

    The AM Index is increasing at a higher percentage than the prices of its two largest commodity constituents, namel..
  • Nickel price recovering, up 19%

    2012-09-19
    The nickel price has risen to a 4 month high of $18 220.00. This is a 19% increase from its low earlier this year. Nickel has been boosted by the US Federal Reserves action to stimulate the worlds biggest economy. The USA is the third largest consumer of nickel and the strengthening of the US dollar over t..
  • Weak infrastructure a hurdle in African mining

    2012-09-17
    Infrastructure access in mineral rich African countries is a challenge to mining companies ability to bring capital projects to fruition. New mines and extraction plants continue to be located in remote and difficult to operate places. This is leading to an increase in total mine development costs due to funding associated infrastructure spend which includes railway, roads, power plant..
  • Platinum price on an upward trend, platinum stocks lagging

    2012-09-14
    The platinum price has reached a 5 month high of $1703.53. This high represents a 22.2% increase in price since reaching its lowest point this year, $1394.04 on 24 July 2012. Recent unrest in the South African platinum mining sector has played a large part in this increase, as the majority of the worlds..
  • Resource Nationalism in African mining

    2012-09-12
    A 2011 Ernst and Young report ranked resource nationalism as the number one global risk facing the mining and metal sectors in 2011 and 2012. 

    Resource nationalism is characterised by the tendency for a state to take direct control over economic activity in natural resource sectors.

  • South African mining companies close out the week on a high

    2012-09-07
    The AM South Africa Index has climbed 2.43% since Monday reaching a high on Friday, 7 September 2012. 

    The increase in the index follows the resolution of recent strike actions which took place at both Lonmin Plc (Lonmin) and Gold Fields Limited (Gold Fields). Lonmins share price rose 2.41% to 5.95 on the LSE and 0.54..
  • Dont reinvent the wheel just realign it, sustainable development in African mining

    2012-09-07
    Governments in geologically and mineral rich regions are developing strategic frameworks and monitoring systems to measure the effectiveness of the industry in achieving sustainable development objectives intended to benefit communities in which mining activities are carried out. Within the mining industry today, sustainable development is widely recognised as a key business driver.<..
  • Most attractive commodities for investment in Africa

    2012-09-04
    In recent years the majority of financial support from investment banks has gone to the coal, gold, copper and iron ore mining industries of Sub-Saharan Africa.

    These commodities were favoured mainly due to the firming demand for energy and base metals from emerging economies such as China and India which led to their prices buoying..
  • Africas Share of the Global Mining Equity Financings

    2012-08-28
    Africa is home to a significant portion of the worlds mineral reserves and these attract considerable deal flow activity from exchanges globally.

    Rising commodity prices are fuelling appetite for mine equity. Investors are seeking exposure to specific commodities and companies that have robust balance sheets, healthy project pipelines and strong management teams.
  • Uranium Sector Projects Insight in Sub-Saharan Africa

    2012-07-23
    Namibia has the highest number of pre-feasibility stage uranium development projects in Sub-Saharan Africa. In 2011, the Sub-Saharan Africa region had approximately 27 uranium projects worth $8,8 billion. The bulk of the prefeasibility stage uranium projects are located in Namibia with Extract Resources Husab project being the largest and most promising project. Namibia currently produces uraniu..
  • Long road to travel: Opportunities abound in African mining: Part 2

    2012-07-17
    The global mining industry and downstream beneficiation industries were estimated to be worth $2.1 trillion in 2011. The global mining industry value is anticipated to grow at a CAGR of 9% between 2010 and 2015. Asia Pacific has the largest share of the global mining industry value accounting for approximately 56%. Europe, Middle East and Africa and America are lagging behind with a combined share..
  • Long road to travel: Opportunities abound in African mining: Part 1

    2012-07-04
    The growing global demand for energy, as well as increased infrastructure spending especially in emerging economies has resulted in significant deal flow to the mining industry in Africa. Rising commodity prices and the resumption of expansion projects have been the key drivers of growth for the African mining industry. Coal, gold, iron ore, platinum, uranium and copper are the most attractive com..