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.

March 14, 2012

Zimbabwe’s 2012 Gold Output Slower than Expected

Reuters reported that Zimbabwe gold production has started slow this year, missing output targets. As quoted in the market news: Gold production reached 8 tonnes in 2011, up from a…

March 14, 2012

Impala Platinum transferring 51% of mine stake to Zimbabwe’s government called ‘naive and irresponsible’

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government…

March 14, 2012

Semafo posts 25 pct profit rise on higher gold output, price

The West Africa-focused miner posted a 25% rise in quarterly profit on Wednesday, helped by increased gold production and higher prices.

March 14, 2012

What are the world’s 10 richest diamond mines?

Which country is home to the richest diamond mines? If you said Canada, you'd be close, and if you said Botswana or South Africa, you'd be right on the money.…

March 13, 2012

South African gold production continues to plunge

Once the world's biggest gold producer by a huge margin, South Africa's gold production is continuing to dive with an 11.3% fall year on year in January, following an 8.2%…

March 12, 2012

Investors pile into Caledonia Mining after new copper-cobalt find in Zambia

Caledonia, worth $57 million on the TSX, is up 35% so far this year and ten times the usual volume of 131,000 shares changed hands on Monday.

March 12, 2012

Botswana’s government to trade diamonds

The government of Botswana has established a new diamond trading company that will be responsible for the purchasing, selling and marketing of the state’s portion of Debswana Diamond’s production.

March 11, 2012

Egyptian MP: Sukari Gold Mine deal extremely unfair

he deal made between Egypt and Centamin Egypt, an Australian mineral exploration and mining company that has been managing the mine since 2007, is extremely unfair, MP Mohamed Awad has…

March 11, 2012

The scramble for Africa’s copper: Never mind the Chinese, Ivanhoe’s Friedland says he has the prize asset

Serial mega-mine developer Robert Friedland said in early February that Ivanplats will be developing the Kamoa mine in the DRC, Africa’s largest copper project that will have a lifespan that…