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…

March 10, 2012

India to buy more Mozambique coal

In future Indian industrial giant Tata Steel will derive 10% of its coking coal requirements from Australian-based Rio Tinto's Benga coal mine in Mozambique.

March 9, 2012

South Africa’s standalone state mining company a step closer, already hunting for deals

South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions…

March 9, 2012

Zimplats targets 1 million platinum ounces a year

Mines belonging to Zimplats, the Zimbabwe unit of Impala Platinum, have at least 30 years of production left in them and could deliver one million platinum ounces annually, according to…

March 9, 2012

South Africa goes big on nuclear a year after Japan’s Fukushima

Chances to build reactors grew fewer after the Fukushima accident, with many developed states trying to wean themselves off nuclear, but South Africa plans to issue a tender for one…

March 8, 2012

Zimbabwe – last to leave, never mind turning off the lights – they’re already off

In the 32 years of his benighted rule, Zimbabwe's President Robert Gabriel Mugabe has done more damage to the country than its white-led minority government ever did.

March 7, 2012

Kansanshi copper mine signs gas cleaning and acid plant deal with Outotec

Finland's Outotec has been awarded a $105 million contract to build a new gas cleaning and sulphuric acid plant for Kansanshi Mining's Solwezi copper smelter in Zambia.