May 1, 2012

Allana’s optimistic Danakil Depression resource estimate lifts stock 9.8%

Allana Potash (TSX:AAA) surged 9.8% on Tuesday on higher than usual trading volumes, after upping the resource at its Danakhil project by 90%.

May 1, 2012

AngloGold DRC mine threatened by tens of thousands of ex-fighters

The gold miner says tens of thousands of ex fighters are already mining in the area where its Mongbwalu gold mine is situated and don't want to move

April 30, 2012

Dundee Precious Metals stock in mini meltdown after told to cut smelter feed

"We have spent over $40 million on the smelter in the two years we have owned it and are aware of the challenges that continue to exist there," Chief Executive…

April 30, 2012

Allana Announces Mineral Resource Update: Measured+Indicated Mineral Resources Increase by Over 90%

The measured and indicated mineral resource estimate totals 1,297,529,000 tonnes with an average grade of 19.32 % KCl, representing approximately 250 million tonnes of KCl.

April 30, 2012

Zimplats sees quarterly profits jump 170 pct

A 32% increase in revenue from higher average platinum prices saw Impala Platinum's Zimbabwe unit's profits climb 170% quarter on quarter despite some labour and power shortage problems.

April 30, 2012

Worldwide steel consumption growth to drop this year

The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down…

April 30, 2012

Namakwa Diamonds updates on Batla appeal

LONDON, April 30 (Reuters) - Namakwa Diamonds Ltd: * Update on batla's appeal against defeat by Namakwa * Lesotho court of appeal granted leave to batla minerals to file its…

April 30, 2012

Aquarius Platinum posts Q3 net loss

The miner posted a net loss of $9.4 million for the quarter to the end of March, owing to weaker platinum prices and a drop in production on the back…

April 29, 2012

Invest in Africa now: Nana Sangmuah

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based…

April 29, 2012

CoAL jumps through hoops to get Vele running

Fourteen months after being halted by the South African departments of water and environment, Coal of Africa's Vele mine has begun shipping its first coal.