Africa

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

Cecilia Jamasmie | June 26, 2015
Paragon Diamonds sees at least $160m in revenue from Lesotho mines

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

Biggest South Africa gold union says firms can raise pay 80%

Bloomberg | June 22, 2015

According to the National Union of Mineworkers, South Africa’s gold producers are able to afford an increase of more than 80 percent in the basic monthly pay of entry-level underground miners.

US regulator drops probe on Gold Fields’ South Deep BEE deal

Cecilia Jamasmie | June 22, 2015
US regulator drops probe on Gold Fields’ South Deep BEE deal

The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.

Platinum, palladium prices pounded again

Frik Els | June 17, 2015
Platinum, palladium prices pounded again

Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.

Visual Capitalist

INFOGRAPHIC: Every Chinese overseas investment over $100m visualized

Visual Capitalist | June 17, 2015
China's stake in rare earths market shrinking

Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.

Congo mulls suspending Ivanhoe's Kamoa stake sale to Zijin

Cecilia Jamasmie | June 17, 2015
Congo mulls suspending Ivanhoe's Kamoa copper venture sale

It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

Risking it all for gold: Challenges of mining in Liberia's ebola zone for Aureus Mining

This is Money | June 15, 2015

There is nothing more calculated to make you feel unpopular than turning up at an international conference in New York only to find everyone cancelling their appointments with you. For David Reading it was the fear he might be spreading ebola.

Petra Diamonds shares fall on lower revenue warning

Cecilia Jamasmie | June 12, 2015
Petra Diamonds shares fall on lower revenue warning

The miner said smaller than expected diamonds at its Finsch and Cullinan mines in South Africa have sold at modest prices.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

INFOGRAPHIC: Geopolitical risks are climbing – interstate conflict is top risk in 2015

Visual Capitalist | June 11, 2015
Top forecaster says geopolitics main gold price driver

Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.

African Potash seeks to create trading platform in Eastern and Southern Africa

Cecilia Jamasmie | June 11, 2015
African Potash seeks to create trading platform in Eastern and Southern Africa

The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.

Lonmin shares collapse as Glencore completes stake divestment

Cecilia Jamasmie | June 11, 2015
Lonmin shares collapse as Glencore completes stake divestment

The move may create a group of sellers that want to dispose of their holding, or it could open the door to a buyer, according to analysts.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

Ghana urged to end child labour in gold mines

Cecilia Jamasmie | June 10, 2015
Ghana urged to end child labour in gold mines

A rights group estimates that thousands of children as young as nine are working in the country's gold mines, violating international and local laws, as well as risking their lives.

Zambia sells stake in state-owned copper miner

Cecilia Jamasmie | June 10, 2015
Zambia sells stake in state-owned copper miner

The country's national pension fund has bought 15.9 million shares of Zambia's Consolidated Copper Mines-Investment Holdings for almost $80 million.

AngloGold shares surge after selling U.S. mine

Business Report | June 10, 2015

AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.

Europe closes in on conflict minerals

DRC copper uncertainty

An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.

Gemfields shines on rare rubies find

Cecilia Jamasmie | June 9, 2015
Gemfields shines on rare rubies find

The stock closed 4.17% higher in London Tuesday after the miner revealed the discovery of two rare matching rubies from its Montepuez mine in Mozambique.

South32 mulls writing down stake in South African manganese venture

Cecilia Jamasmie | June 9, 2015
South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Iron ore price holds despite 12% fall in Chinese imports

Frik Els | June 8, 2015
Iron ore price holds despite 12% fall in Chinese imports

Iron ore trading at near four-months highs despite sharp drop in Chinese imports, but analysts say rally is "living on borrowed time."

Hard-core investors found real resource projects in a Vancouver conference center

The Gold Report | June 8, 2015
Hard-core investors found real resource projects in a Vancouver conference center

When the market bears are growling, contemplating a trip to a showcase of the companies currently in the grip of that punishment can seem daunting.

Trouble brewing in South Africa’s gold mining sector

Cecilia Jamasmie | June 8, 2015
Trouble brewing in South Africa’s gold mining sector

The country's radical Association of Mineworkers and Construction Union (Amcu) said it would begin a wildcat strike in the sector if its rival union and companies extend wage deal to its members.

Zambia cuts mining royalties once again

Frik Els | June 5, 2015
Zambia cuts mining royalties once again

Underground mining royalties cut to 6% from 9%.

China’s five year plan and the end of an era

GoldMoney | June 5, 2015
china-industry-poster-welding-333

At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.

Gold mining still most significant source of income in Africa, Asia — WGC

Cecilia Jamasmie | June 5, 2015
Gold mining still most significant source of income in Africa, Asia — WGC

Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.

« Previous More »