April 4, 2012

Shanta Gold seeking $35m for added capex

Tanzania-focused Shanta Gold is planning to raise $35 million to be put towards its New Luika Gold Mine.

April 3, 2012

Botswana braces for De Beers relocation, diamond buying jet set

The relocation of the mining giant's sales and marketing arm's headquarters to the Botswana capital could lead to around $6 billion flowing though the country’s banking system, compared to the…

April 3, 2012

African Barrick Gold hikes Tanzanian Nyanzaga resource

London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.

April 3, 2012

Firestone Energy rejects offer for Waterberg coal mine stake

Firestone Energy Limited (ASX/JSE:FSE) rejected today an offer from Tata Power to invest in a joint venture with Sekoko Resources to develop a coal mine in the Waterberg area of…

April 3, 2012

Race on to dig new zinc mines as old ones run dry

With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in…

April 2, 2012

Mali is quickly turning very ugly: Separatists, Islamists seize Timbuktu

Tuareg rebels aided by Islamists ransacked bars, banned Western-style dress and music and called for the imposition of Sharia law.

April 2, 2012

Gold One buys First Uranium’s Elzuwini Mining Company for US$70M

First Uranium (TSX:FIU) announced Monday it has sold its South African-based Elzuwini Mining Co. to Gold One International for US$70 million, transaction that should be completed by June 29.

April 2, 2012

DTI ‘blindsides’ ArcelorMittal South Africa

South Africa's Department of Trade and Industry has decided to exclude steel from its preferential procurement plans. AMSA's shares fall over 5%

April 2, 2012

South Africa mulls nuclear fuel cycle facilities

The country wants another 9,600 MW of nuclear energy to boost its struggling power grid and is considering the re-establishment of its uranium enrichment and conversion facilities.

April 2, 2012

De Beers names Tiffany among 75 buyers

Sales of rough diamonds by DTC rose to $6.5 billion last year from $5.1 billion in 2010.