Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.
Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.
Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.
The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.
Gold Fields remains on track to achieve its production guidance for the full-year 2014, of approximately 2,200,000 ounces of gold equivalent production.
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.
Big three successfully defending their oligopoly says new report.
Bankrupt London Mining's Marampa mine in Sierra Leone hit by iron ore price falls, slow ramp up and viral outbreak.
Those calling a market bottom after Monday's surge and Chinese import gains may have been premature.
Free easy-to-understand brochure about Ebola.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.
New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.
Although investments in extractive industries have contributed to high economic growth rates in the past several years, this growth has not translated into significant reductions in poverty or improvements in health and employment for the general population.
With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.
Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.
Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.
Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.
The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.
Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.
JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.
Energy and Water Development Minister Christopher Yaluma says security wings have managed to trace some illegal gold miners and dealers on the black market in the ongoing investigations.
Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.
The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.
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