March 19, 2012

Rockwell restructures BEE deal, acquires new mine

TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic-empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal.

March 19, 2012

Zambia threatens to pull exploration licences; First Quantum, BHP among 400 companies affected

More trouble is looming on the horizon for First Quantum Minerals and other companies operating in Zambia.

March 19, 2012

Drilling Continues to Intersect Strong Potash Expanding the Deposit and Confirming Continuity

("Allana" or the "Company") is pleased to announce that it has intersected two zones of strong potash mineralization in Holes DK-11-32, DK-11-33, and DK-11-34 ("Holes 32, 33,and 34"). All Holes…

March 18, 2012

Zimbabwe orders mining firms to bank locally: paper

Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in…

March 16, 2012

First Quantum, unions heading to court over Zambian copper mine

First Quantum Minerals (TSX:FM), is going to court over a disputed labour agreement at its Zambia copper mine, after talks between the company and unions collapsed.

March 15, 2012

Firestone Diamonds announces results and management changes

Firestone Diamonds plc announced a financing through Mirabaud Securities LLP to raise £14.7 million before expenses as part of the restructuring of the company and further development of its Liqhobong…

March 15, 2012

Harmony Gold’s workers mining their own business: company to give them 2,9% ownership

Over 33,000 workers of Harmony Gold Mining (NYSE:HMY), South Africa's third-biggest gold producer, will be owners of direct shares in the company thanks to its employee share ownership plan (ESOP),…

March 15, 2012

AngloGold Ashanti Credit Rating Upgraded by Moody’s on Improved Fundamentals

AngloGold Ashanti (NYSE: AU) is pleased to acknowledge that Moody's Investors Service today upgraded the issuer rating of AngloGold Ashanti Limited to Baa2 from Baa3, together with upgrading the senior…

March 14, 2012

Petra Diamonds reveals encouraging results at Kukama East project

Petra Diamonds has revealed highly encouraging drilling and microdiamond sampling results from the Kukama East project area in central Botswana.

March 14, 2012

Diamond shortfall could shut Zimbabwe government: minister

Zimbabwe Finance Minister Tendai Biti on Wednesday warned the government could shut down, as new diamond sales from the controversial Marange fields are falling far short of expectations.