The company plans to invest the proceeds in its Niewejaarskraal mine which has been in care and maintenance since 2007.
What analysts had to say about the decline of the yellow metal.
Companies find the new rules too complicated and time consuming which is hurting exploration and investment.
The two sea gateways handle many commodities, including coal, steel, natural gas, oil and petroleum.
Companies say selling coal internationally demands a higher price because it costs more to ship.
Stornoway Diamonds is developing the province's first kimberlite mine.
State officials are deliberating the ban on the technique.
Workers search for the precious gems in the Minero river and the Real mine.
Costa Rican court system has caused a legal vacuum regarding the Las Crucitas mine project and the country's president refuses to act.
Mine life is expected to be 12 years with an output of 55,000 ounces of gold per year.
The government is encouraging more business mergers and forming megacorporations.
Agreement focuses on companies with profits of at least 40 million euros ($52.5 million), total assets worth 20 million euros or 250 employees.
Per 200,000 hours worked, the fatality rate was .0107 deaths and reported injuries were 2.56.
Karara project is the second largest magnetite project in the country.
US hydrologists and mining engineers are working with Afghans southeast of Kabul to conduct tests.
Bureau of Land Management did not fully weigh the effects of fracking on the environment.
High concentration of garnets found in drilling results.
The new company's resource will be 1.7 million gold ounces.
Annual production capacity will 8 billion cubic metres of natural gas.
VIDEO: Industy and community representatives debate recent protests of the mining sector in Canada and around the world.
VIDEO: Mine growth rate is 3% to 4% while demand growth is 10% for the gemstones.
Some jewellers estimate it will sell for about $40 million dollars.
Family man suspected of money laundering.
Construction on the $2.8-billion mine begins mid year.
The Kami project is expected to produce 8 million tonnes per year.