Africa Top Stories

Congo suspends board and management of state diamond miner MIBA

An audit revealed significant irregularities.

Gold M&A back on the agenda as restrictions ease

Miners year-to-date have struck 275 transactions worth about $6.9 billion.

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IMF forecast gets more upbeat

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

Zimbabwe tries to woo back explorers

Zimbabwe, whose government in January hiked exploration fees by up to 8,000% in a bid to curb speculative holding of mining titles, is ordering over 100 exploration companies to resubmit applications.

Long-rumoured takeover target Harmony Gold cheapest in a year

Harmony Gold briefly dropped to a year low of $9.68 on Friday after the company announced a steep fall-off in output for the first quarter. Now worth $4.4 billion the counter is down a third in a year, but its Papua New Guinea project may be worth that by itself.

FT: Mining becoming the ticket out of Sierra Leone’s poverty

The decade-long civil war in Sierra Leone brought two unforgettable images to the West: victims of violence whose limbs were hacked off by armed rebels as a warning to civilians; and the term "blood diamonds," referring to the diamonds plucked by hand from alluvial deposits that were smuggled out of the country and used by both sides of the warring factions to fund their vicious campaigns.