South African gold miner said it’s on track to meet 2017 guidance.
Africa Mining News
Results of a preliminary economic assessment have revealed the potential for the development of an underground mine at the company's mine in Botswana.
The country's mining sector is emerging from years of contraction and the impact of recent severe drought eases, the finance minister said on Thursday.
Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.
The Tanzanian gold producer, majority owned by Barrick, has been locked in a months-long dispute with the local government.
Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.
Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.
The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.
Fura Gems aims to resume production at the mine within six months of the deal closure.
Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.
The best diamonds in the world come from the sea.
Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.
Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.
Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".
The miner said its all-in sustaining costs to produce an ounce of gold rose $18 to $943 due to higher exploration and project expenses.
The fight started when residents of the central Sahara mountain region felt disturbed by artisanal miners.
The filing cited Anton Colbert of Cook County, Illinois, as lead plaintiff but his action acts in the name of “hundreds or thousands of members in the proposed class.”
World's number one gold producer swings to loss during third quarter.
Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.
Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".
Shareholders argue Barrick decision to hand Tanzania 50 percent of "economic benefits" from Acacia's mines may set baseline for future host nations' demands.
Kumba Iron Ore increased its full-year production target by 1-million tonnes.
Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part of a deal reached Thursday.