CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.
Africa Mining News
The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.
Geosoft announced the launch of the Botswana Geoscience Portal, a partnership initiative with the Botswana Geoscience Institute and industry sponsors.
“The big problem is that monetary policy is contagious and central bankers no longer have any bullets left," said precious metal expert Diego Parilla.
Around 40% of all gold traded on the international market flows through the “city of gold,” as Dubai likes to call itself.
The Hounde project, in Burkina Faso, is forecast to produce about 1.9 million ounces of gold over a 10-year mine life.
Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.
A steep rise in gold prices may have given hope to a battered mining industry, but producers in Africa are still too wary to call the bad times over.
Glencore's $1.1 billion investment in Mopani marks a turnaround for Zambia’s copper sector and will help lift economic growth to 5% by 2018.
Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.
The 77-year-old mine contains gold resource of 9 million ounces.
New study predicts lowering of cost curve, marginal mines staying open at all costs will see oversupply persist and fifth year of copper price declines.
Despite a difficult operating environment, AFC delivered strong underlying operating results, achieving 25% growth in its balance sheet, with total assets in excess of US$3.2 billion.
This second draft of the Standard for Responsible Mining reflects the input from over 1400 points of comment contributed by more than 70 organizations and individuals worldwide, including industry and technical experts.
Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.
March survey by McKinsey sees China trumping geopolitical instability, leadership change, terrorism, refugees and euro break-up as risks to global economy.
Randgold Resources’ annual resource and reserve declaration, shows attributable measured and indicated resources steady at 21.1 million ounces while inferred resources are marginally up to 6.7 million ounces.
Company denied reports claiming that partner Mitsui was revising the terms of their association.
Project is expected to dramatically increase production and slash costs at the troubled mine.
The 68.1-carat gem-quality diamond is one eight 'significant' rocks found from trial mining at a new area of the Lulo concession.
Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.
The firm has not yet decided whether to inject more cash into Damang or suspend operations.
The Bench Marks Foundation has accused the CEO of Mineral Resources Commodities (MRC) of inciting violence in an area where an anti-mining activist was murdered last week.
Tango Mining will use loan from Vanderbilt Commercial to acquire BK11 kimberlite mine and restart operations.
Uranium production in Namibia is expected to triple by 2017 with the ramp-up of the massive Husab mine, states a senior government official.