May 10, 2012

Avion Gold languishing near 52-week low despite almost doubling resources in Mali

Shares of Avion Gold failed to recover on Thursday after taking a 28% pummeling the day before, despite announcing vastly improved mineral resources at its Tabakoto Project in Mali, West…

May 10, 2012

CoAL completes acquisition of Rio Tinto and Kwezi’s South African coal assets

Coal of Africa Limited, a coal exploration, development and mining company operating in South Africa has completed the acquisition of Rio Tinto and Kwezi's South African Coal Assets.

May 10, 2012

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the…

May 10, 2012

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

May 10, 2012

Harmony Gold may boost output by 150,000 ounces next year

Harmony Gold Mining Co. (HAR), the third- largest African miner of the metal, may boost output by 150,000 ounces in the fiscal year ending June 2013 as the company starts…

May 9, 2012

Chinalco Mining seeks $1 billion IPO for massive Peru copper mine

With huge investments in Peruvian copper, Chinalco Mining, a division of the giant Aluminum Corp of China, follows another Chinese state-owned miner to the Hong Kong market to raise money.

May 9, 2012

Wholesale grade drop pummels Harmony profits

Exacerbated by stoppages and repairs, the gold miner reported a 20% drop in overall grade but, the bottom line was saved by a tax credit.

May 9, 2012

Anglo American Platinum to adopt fuel cell locomotive

Anglo American Platinum (Amplats), the world’s largest platinum producer, launched today the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa.

May 8, 2012

Lucara Diamond Corp gets ready to auction rocks from its new Botswana mine

Canadian diamond producer Lucara Diamond Corp announced today that production from its recently inaugurated Karowe mine in Botswana could be available for sale in June.

May 8, 2012

Potash is a diamond in the rough for the Republic of Congo

Australian junior Elemental Minerals (ASX, TSX: ELM), which is developing a potash project in the Republic of Congo, announced it has increased measured and indicated resources at its Kola deposit…