Africa

Big praise for B2Gold's Namibia mine

Frik Els | April 22, 2014
Big praise for B2Gold's Namibia mine

New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.

Diamonds may be forever, but current prices are not— experts

Cecilia Jamasmie | April 21, 2014
Diamonds may be forever, but current prices are not— experts

Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.

One more reason iron ore price won't stray too far from $120

Frik Els | April 18, 2014
One more reason iron ore price won't stray far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

We have to talk about Fanya Metal Exchange

Frik Els | April 18, 2014
We have to talk about Fanya

The rare earth storm has passed, but a new critical metal conundrum could be ahead for the West.

Platinum, palladium sell off after producers raise wage offer

Frik Els | April 17, 2014
Platinum strikers vow to fight on even as metal price goes soft

Platinum hits 3-week low and palladium falls back below $800 an ounce.

Guinea government to strip Vale, BSGR of all Simandou rights

Cecilia Jamasmie | April 17, 2014
Guinea government to strip Vale, BSGR of all Simandou rights

The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.

Uranium miners dying from cancers, unexplained illnesses in Namibia

Cecilia Jamasmie | April 17, 2014
Uranium miners dying from cancers, unexplained illnesses in Namibia

Most cases coming from Rio Tinto’s Rössing mine, according to report.

Only US platinum, palladium producer on massive tear

Frik Els | April 14, 2014
Only US platinum, palladium producer on massive tear

Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.

Anglo gives fresh signs it wants to offload platinum mines

Cecilia Jamasmie | April 14, 2014
Anglo gives fresh signs of looking to offload its platinum mines

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.

BHP can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

The big palladium rally is finally under way

Frik Els | April 11, 2014
Palladium breaks through $800

Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.

De Beers returns to Angola with new exploration deal

Frik Els | April 10, 2014
De Beers returns to Angola with new exploration deal

De Beers' explored for diamonds in the Southern African nation between 2005 and 2012, but relinquished its concession after finding no economically viable project.

Maritime piracy shifts to Atlantic, Southeast Asia

Frik Els | April 10, 2014
Maritime piracy shifts to Atlantic, Southeast Asia

Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.

INFOGRAPHIC: Blood diamonds still a problem from hell

Cecilia Jamasmie | April 10, 2014
INFOGRAPHIC: Blood diamonds still a problem from hell

While diamonds are the most strictly checked raw materials in the world, there is a certain amount of illegally traded gems that make it into the market.

Report: Guinea will strip Vale, BSGR of all Simandou rights

Frik Els | April 9, 2014
Report: BSGR, Vale should be stripped of Simandou rights

Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.

US firms unprepared for upcoming conflict minerals rule enforcement

Cecilia Jamasmie | April 9, 2014
US firms unprepared for upcoming conflict minerals rule enforcement

A PwC survey shows that only 4% of the 700 companies polled across 15 industries said they have completed a draft of their SEC conflict minerals filings.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Iron ore price tracks higher as Chinese finance deals unravel

Frik Els | April 8, 2014
Iron ore price recovery continues as Chinese finance deals unravel

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

Mining, oil and gas companies, at highest risk of cyber-attacks: report

Cecilia Jamasmie | April 8, 2014
Mining, oil and gas companies, at highest risk of cyber-attacks: report

Personal assistants at large mining companies and PR people were the most targeted by online criminals.

Rick Rule: platinum, palladium supply squeeze will turn ugly

Sprott Group | April 7, 2014

The real reason platinum and palladium should rise over the coming years has nothing to do with geopolitics or labor issues, Rick believes.

Platinum, palladium prices tank

Frik Els | April 7, 2014
Platinum, palladium prices tank

Defying all expectations of a continued rally, palladium lost 3% and platinum fell back to pre-strike levels on Monday.

Matchmaking miners and China's $7 trillion in savings

Cecilia Jamasmie | April 7, 2014
China hunts for mining deals overseas with more than $7 trillion to spend

Only last year Chinese overseas investment totalled $61.6 billion by the end of September.

INFOGRAPHIC: Where in the world is the gold?

Physical Gold | April 7, 2014
physical-gold-mines (2)

The top 10 producing gold mines in the world, from the gold capital Johannesburg to gold filled islands like Niolam Island.

Dubai gold trade reached $75 billion in 2013

Cecilia Jamasmie | April 7, 2014
Dubai gold trade reached $75 billion in 2013

The figure represents almost 40% of the world's physical gold trade last year.

Sibayne Gold may pick up SA platinum mines from distressed miners

Michael Allan McCrae | April 6, 2014
sibanye gold distressed platinum feat

What works well for gold may work for PGM, too.

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