Tuareg rebels aided by Islamists ransacked bars, banned Western-style dress and music and called for the imposition of Sharia law.
Africa Mining News
First Uranium (TSX:FIU) announced Monday it has sold its South African-based Elzuwini Mining Co. to Gold One International for US$70 million, transaction that should be completed by June 29.
Sales of rough diamonds by DTC rose to $6.5 billion last year from $5.1 billion in 2010.
Namdeb, which plans to produce 600,000 carats in 2012, expects the new mine to produce 45,000 carats a year.
Zimbabwe is estimated to hold between 10 billion and 20 billion tonnes of coal resources.
Kinross, the beleaguered gold producer whose stock price has been hammered of late due to a $4.6 billion writedown and alleged violations of securities laws, will continue pouring gold at its Tasiast mine in Africa until the year 2046, according to a technical report released on Friday.
Production at Blanket in Zimbabwe doubled and the Toronto-based company said it paid direct and indirect taxes, royalties, licence fees, levies and other monies to the Government of Zimbabwe totalling $13,6 million.
UK-headquartered Anglo American (LON:AAL) cut the ribbon today on a new coal mine in South Africa.
MINMETALS Resources says it will use the assets recently acquired through its takeover of Anvil Mining as the starting point for a wave of acquisitions through southern Africa.
The Oppenheimers and De Beers are no more. Here's a 30-year old article that predicted the cartel's undoing
"An unruly market may undo the work of a giant cartel and of an inspired, decades-long ad campaign."
The World Gold Council unveiled today the long-awaited “exposure draft” of the so-called conflict-free gold standard, which aims to crack down on gold tainted by conflict and human rights violations, such as the ongoing supply coming from the rebel forces in the Democratic Republic of Congo.
Why? For mining the stuff for making China.
In 2011, La Mancha made headlines within the investment community by demonstrating, through a DFS and increased resources, our potential to quickly grow into an intermediate gold producer.
You want ice with that? Centerra dives 18% after saying waste and ice will cut Kumtor production by 200,000 oz
Centerra Gold said labour strikes last month worsened the extent of the ice and waste flows and that it now can't access the high grade zone at its massive mine in Kyrgyzstan.
Powerscreen recently hosted a World Dealer Conference in Cape Town, South Africa. More than 300 dealers and customers travelled from across the world to attend the conference.
London-trade Stellar Diamonds (LON:STEL) said today a first JORC compliant estimate for its Tongo project in Sierra Leone confirmed it as a high value, high growth asset.
Shares in the platinum miner have dropped as much as 7.4%, the lowest intraday price since Oct. 10 after its loss per share in the six months through December widened.
ANJIN, the biggest miner operating in Zimbabwe’s controversial Marange diamond fields, said yesterday a two-day strike by workers had ended after management agreed to a 25 per cent wage rise.
"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.
La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent
Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."
"This acquisition positions Forsys to be better able to realize the full potential of consolidating Namibplaas with its wholly-owned Valencia Uranium Project," said Marcel Hilmer, CEO and Director of Forsys.
Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.
The Canadian Association Against Impunity (CAAI), which represents several human rights groups and non-governmental organizations, filed today a last-minute plea at the Supreme Court against Canadian miner Anvil Mining Limited (TSX:AVM), on behalf of the victims of a 2004 massacre in Congo.
Energizer Resources Confirms Jumbo Flake Graphite With +90% Purity; DRA Mineral Projects Makes Initial Equity Investment in Energizer
TORONTO, ONTARIO--(Marketwire - March 26, 2012) - Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce that it has received positive initial metallurgical test results from its...
Metals developer Finders Resources Limited (ASX:FND) announced it has started a strategic evaluation of its alternatives for the Ojolali gold-silver project, in Sumatra.