Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.
Facilities scheduled to start production in the fall of 2015; seen as model for future foreign investment and development projects
Mali's earnings from its gold-dominated mining sector slipped by around six percent to just under 206 billion CFA francs ($350.60 million) last year due to a drop in output and lower prices for the precious metal.
AfroCan Resources Gold Ltd advises that it has embarked upon the acquisition of a Tanzanian property with 112,000 oz inferred resource
The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.
The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
Only lower grade fines are oversupplied shows new research report.
Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.
The miner was granted a New Order Mining Right (“NOMR”) for its flagship Makhado hard coking and thermal coal project in South Africa's Limpopo Province.
Providing proof of origin of tin, tantalum, tungsten, and gold near conflict zones voluntary under law to be adopted this week.
Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.
New report highlights falling mine supply outside of Southern Africa and increased jewelry demand from China.
Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.
Doctors found the victims had levels of lead in their blood that were 17 to 22 times higher than what it is internationally accepted.
Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.
Once again Asia drove demand, with China and India alone accounting for 54% of the total.
The union that led 2014's bitter five-month strike in South Africa's platinum belt has brought the same demands – doubling of wages – to the gold sector.
Tantalus Rare Earths AG (“Tantalus”) (ISIN DE000A1MMFF4) is delighted to announce the signing of a multi-year supply contract for rare earth oxides with ThyssenKrupp Metallurgical Products GmbH (“ThyssenKrupp”).
The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.
The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.
The incident happened when South African police allegedly clashed with protesters near Atlatsa Resources’s Bokoni platinum mine.
Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.
CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.
Mancini advises investors to go for the best of the best: gold miners with cash flow, great balance sheets, low costs and good management.
Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.
Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.
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