Zimbabwe’s planned Marange diamond mines merger hits legal hurdles
The government wants to consolidate the diamond mining companies currently operating in Marange from six down to two or possibly one.
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Imperial Metals drops 42 pct, posts statement
"The cause of the breach is unknown at this time. The dam is an independently engineered structure that operated within design limits and specifications. Monitoring instruments and onsite personnel had no indication of an impending breach."
Another explorer handsomely rewarded in Burkina Faso
Australia's Orbis Gold upgrades Natougou project's indicated resources 500% for total 2m ounces at 5.1g/t.
India is hoarding Switzerland’s gold, silver
The country now accounts for 42% of Swiss exports of both precious metals.
Major gold producers expected to put more mines up for grabs
Smaller firms with lower overheads and more leeway to restructure operations have already picked up $912m of assets hacked off by top gold producers.
Strong earthquake hits South Africa, no miners trapped
The quake is the largest in the southern Africa region since a 7.0 tremor hit Zimbabwe in 2006.
Batista loses control of his iron ore darling MMX
The ex-billionaire will remain the largest shareholder of the firm he founded in 2005.
African Potash starts drilling at Lac Dinga project
AIM-listed African Potash Ltd Tuesday said that it has begun drilling at its Lac Dinga Potash Project in the Republic of Congo.
August is the month to buy silver
Silver has finished up every year in August for the last five years. And the monthly returns have been mouth-watering – averaging 10.4%,
