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Africa Mining News
Gold climbs the most in eight years, while copper and oil fall.
Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.
Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates
Registration fees are as much as 50% lower than last year for mining corporates
The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.
Randgold Resources chief executive Mark Bristow’s fundraising motorbike safari from the east to west across mid-Africa has so far raised more than $2 million, with a little under half way to go to the end.
Decision follows the West African country order to expatriates whose work permits were invalid to stop working.
Vancouver-based Nevsun sweetened the deal for Reservoir shareholders with a $75 million cash payment just before the vote.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.
A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.
This Institute will help boost the performance of the Moanda Metallurgical Complex
The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.
The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.
No impact on output guidance or expansion plans at West African mine as Toronto-based miner gears up for record annual production in 2016.
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
The Government of Guinea authorizes formation of the Diamond and Gold Bourse of Guinea (DGBG) in joint venture with Canadians
Mr. Saramady Touré, the Guinean Ambassador to Canada, has announced the signing of a government decree by President Professor Alpha Conde, President of the Republic of Guinea for the establishment of the Diamond and Gold Bourse of Guinea Group (DGBG).
Price tag makes it the most expensive fancy intense blue diamond ever sold at auction.
Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.
Egypt's gold mining industry has for years been long on potential and short on investment.