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.

April 1, 2012

Anglo-American building new Namibia diamond mine

Namdeb, which plans to produce 600,000 carats in 2012, expects the new mine to produce 45,000 carats a year.

April 1, 2012

High costs plague Zimbabwe coal miners

Zimbabwe is estimated to hold between 10 billion and 20 billion tonnes of coal resources.

April 1, 2012

Report says Tasiast will produce until 2046

Kinross, the beleaguered gold producer whose stock price has been hammered of late due to a $4.6 billion writedown and alleged violations of securities laws, will continue pouring gold at…

March 30, 2012

Zimbabwe going swimmingly for Caledonia, but platinum rights in South Africa go missing

Production at Blanket in Zimbabwe doubled and the Toronto-based company said it paid direct and indirect taxes, royalties, licence fees, levies and other monies to the Government of Zimbabwe totalling…

March 29, 2012

Anglo American opens $517m colliery in S. Africa

UK-headquartered Anglo American (LON:AAL) cut the ribbon today on a new coal mine in South Africa.