In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.
A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.
First, West Africa has the right geology for gold deposits – that’s the main reason. The second reason is that it’s a relatively politically stable part of Africa.
The government wants to consolidate the diamond mining companies currently operating in Marange from six down to two or possibly one.
Australia's Orbis Gold upgrades Natougou project's indicated resources 500% for total 2m ounces at 5.1g/t.
Smaller firms with lower overheads and more leeway to restructure operations have already picked up $912m of assets hacked off by top gold producers.
The quake is the largest in the southern Africa region since a 7.0 tremor hit Zimbabwe in 2006.
AIM-listed African Potash Ltd Tuesday said that it has begun drilling at its Lac Dinga Potash Project in the Republic of Congo.
The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.
West Africa’s iron ore sector has been characterised by a flurry of investments from majors and minors alike.
Forecast slump in gold prices to drive more mine sales, says the firm.
The deposit in the south of Guinea boasts 935 million tonnes of 63.5% direct shipping ore.
The plunge in iron-ore prices is damping profits at the firm’s mining unit.
But prediction of a rise above $100 a tonne in the "near future" may not be enough for smaller producers as the big three flood markets.
The key is that Africa is still largely unexplored.
Write-downs also hurt bottom line, yet production robust.
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
No signs of production slowdown in major coal-exporting countries.
The assets were acquired when it took over Riversdale Mining in 2011.
Rand Refinery blames software glitch for discrepancy between actual inventory and accounts. Owners, including Anglogold, provide new loan just to be safe.
China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.
Frederic Cilins, a French businessman who worked as an intermediary for BSGR in Guinea, became the first person to receive a criminal sentence in a corruption investigation.
Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.
As people become ever more aware of what’s going on the world — including the impact of commercial activity on human rights — the expectations of society are inevitably rising.
Impala talks about the repercussions of the recently ended platinum strike on earnings.
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