April 10, 2012

AngloGold Ashanti lost more ounces over safety in Q1 than all of 2011

Work stoppages as a result of safety issues in South Africa cost AngloGold Ashanti 76,000 ounces of lost production in the first quarter.

April 10, 2012

Brigadier Gold announces amendment to terms of Mozambique transaction

The consideration previously announced in the press release dated March 29, 2012 was the payment of $325,000 in cash and issuance of 7.5 million Special Warrants having a 2 year…

April 10, 2012

Reports of Mugabe’s death are greatly exaggerated

Widely circulated reports that the 88-year old were fighting for his life in a Singapore hospital were deemed to be "lies meant to destabilise Zimbabwe," according to a spokesman.

April 10, 2012

Three hit singles, a Grammy nomination and a diamond mine

Alianue Thiam, a rising R&B singer in the U.S.A., is just another celebrity with a side business, although this side business happens […]

April 9, 2012

Randgold Resources pops 9% after soothing investor’s nerves about Mali

Randgold Resources led gold miners on the markets, gaining 9.16% to $88.90 a share on the NASDAQ, after announcing a political settlement in Mali.

April 9, 2012

Banro shuffles board as stock losses mount

The DRC gold miner is now down more than 25% from a high of $5.68 hit seven weeks ago.

April 9, 2012

Lifting of sanctions against Mali welcomed by gold miners

Sanctions against Mali's military junta were lifted on Sunday after the country's coup leaders agreed to step aside, allowing a provisional authority to organize elections within 40 days.

April 7, 2012

Tata Power eyes stake in South Africa’s Sekoko’s Waterberg Coal

Tata Power, India's largest private power producer is in talks with South African energy company Sekoko Resources to acquire a 30-per cent stake in the Waterberg Coal Project in South…

April 6, 2012

Top 10 gold producers: Indonesia leaves 31 tonnes underground

The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.

April 5, 2012

FT: ‘Inbred’ miners may admire Hannam, but many not ‘too sad’ to see him go

"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that…