Africa

‘Perfect’ 100-carat diamond goes under Sotheby's hammer

Cecilia Jamasmie | April 20, 2015
‘Perfect’ 100-carat diamond goes under Sotheby's hammer

The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

EU lawmakers toughen up rules limiting the import of conflict minerals

Cecilia Jamasmie | April 14, 2015
EU lawmakers toughen up rules limiting the import of conflict minerals

The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.

Zambia dumps mining royalty hike, settles at 9%

Cecilia Jamasmie | April 14, 2015
Zambia dumps mining royalty hike, settles at 9 percent

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

World Diamond Council and KP civil society to participate in panel on ethics at Dubai Diamond Conference 2015

DMCC | April 13, 2015

The Second Dubai Diamond Conference will be held April 21-22.

Expect talent-driven mining M&A: Headhunter

CEO.CA | April 13, 2015
hudbay-minerals-reports-q1-loss-

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

AngloGold a step closer to selling U.S. mine

Cecilia Jamasmie | April 13, 2015
AngloGold a step closer to sell U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Oilprice.com

How much longer can OPEC hold out?

Oilprice.com | April 10, 2015
Oil rig supply ship in Norway

OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months.

Annual gold trade reaches $22 TRILLION

Frik Els | April 9, 2015
Annual gold trade reaches $22 TRILLION

New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.

Tanzania's mining sector changes economic growth

AllAfrica.com | April 8, 2015

Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year.

Workers strike at Anglo’s coal mine in South Africa

Cecilia Jamasmie | April 8, 2015
Workers strike at Anglo’s coal mine in South Africa

More than 400 members of the National Union of Mineworkers (NUM) downed tools Wednesday, demanding the removal of the mine's general manager.

Dubai Diamond Conference to focus on synthetics

The Second Dubai Diamond Conference, being held April 21-22, will discuss one of the most topical issues in the global diamond business: synthetic diamonds.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Roxgold starts construction of supergrade Yaramoko

Frik Els | April 7, 2015
Roxgold starts construction of supergrade Yaramoko

$111 million underground mine in Burkina Faso boasting average grade of 11.8 g/t expected to commence production in a year's time.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

Harmony halts operations at Unisel mine after fatal incident

Cecilia Jamasmie | April 7, 2015
Harmony halts operations at Unisel mine after fatal incident

The employee was fatally injured in an accident while performing maintenance work on Saturday.

Four exploration and development companies Rick Mills believes will thrive in tough times

The Gold Report | April 6, 2015
stock_market_shutterstock

The four-year-long bear market in metals stocks has resulted in an historic opportunity for investors, says Rick Mills, the owner and host of Ahead of the Herd.com.

South Africa's Sasol coal miners seek damages over lung disease

Bloomberg | April 3, 2015

Coal miners in South Africa who worked at a unit of Sasol and contracted lung diseases filed a suit seeking damages from the company, according to their lawyer.

Zambia goes after First Quantum over layoffs

Cecilia Jamasmie | April 3, 2015
Zambia goes after First Quantum over layoffs

Government claims it was not notified according to the law.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Chen Lin sees buying opportunity of a lifetime in energy stocks

The Energy Report | April 2, 2015
Chen Lin sees buying opportunity of a lifetime in energy stocks

After correctly predicting $47/bbl oil last year, Chen Lin is licking his stock-picking chops at the bargains now available.

Iron ore price massacre continues

Frik Els | April 2, 2015
Iron ore price massacre continues

Unprecedented meltdown continues as iron ore price suffers worst trading day in more than year on Thursday bringing weekly loss to eye-watering 15%.

Deutsche Bank slashes South32 valuation

Frik Els | April 1, 2015
BHP warns more cost cuts, management shake up before demerger

BHP Billiton spin-off worth just $7 billion when based on current spot prices for commodities.

Less than half of copper projects needed to meet demand

Frik Els | March 31, 2015
Less than half of copper projects needed to meet demand

New report identifies 231 existing copper projects with potential output of nearly 13m tonnes which will more than make up for long-term mine depletion.

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