The gem was sold on tender for $11,267 per carat.
Africa Mining News
Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.
South Africa's President Cyril Ramaphosa on investment drive.
Rainbow, the rare earth element mining company, is pleased to announce an operations update from its Gakara Project in Burundi ('Gakara') for the three months to 30 June 2018.
Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire.
Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.
Despite the fact that sustainable mining practices have been a concern for more than 50 years, they are now more important than ever and technology will be the driving force behind the effivient and sustainable delivery of raw materials.
Base Titanium posts record quarterly production of the mineral rutile in Kenya.
Four companies are negotiating - Sibanye-Stillwater , Harmony Gold, AngloGold Ashanti and a smaller producer, Village Main Reef- under the auspices of the Minerals Council South Africa industry group.
The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.
DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.
The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.
Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.
South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.
The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.
Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.
It’s been a year since Acacia Mining Plc’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government.
The latest Mining Charter doesn’t provide solutions to the industry’s challenges and will make it difficult for companies to buy and sell assets.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […]
Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.
Lincoln Strategic International announced today the expansion of its service offerings with the launch of LSI Africa, which addresses the human capital acquisition and management issues faced by mining companies, project consultants and investors in Africa
South Africa's Solidarity trade union will accept a three-year wage offer from state-run power utility, Eskom.
The world's no. 1 platinum producer has spun off an internal fund and invested $100 million in a new venture capital fund
South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.