July 13, 2012

La Mancha reaches definitive agreement to be acquired by Weather II at a price of $3.50 per share

La Mancha Resources announced today that it has entered into an agreement with Weather Investments II to purchase all outstanding common shares of La Mancha by way of a take-over…

July 13, 2012

Ousted Vale CEO back with a bang

Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an…

July 13, 2012

South Africa’s top mining execs push for higher safety standards

South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the…

July 13, 2012

Nobody can stop South Africa’s gold output collapse

South Africa's gold output continues to fall, dropping a further 2.9% in May. The last time the country's mines produced this little, the nation was still ruled by the Queen…

July 12, 2012

Second day of heavy losses has Semafo investors reeling

The Montreal-based company, down 21% following a dive of 17% on Wednesday, were deemed by investors to have overpromised and underdelivered on its exploration results.

July 12, 2012

UPDATED-Seven killed after plane chartered by Kinross Gold crashes in Mauritania

Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.

July 12, 2012

Roxgold Inc. issues statement on dissident action

Just three days prior to the general meeting of shareholders of Roxgold and only one day before the deadline for submitting proxies, a dissident shareholder, announced that he intends to…

July 11, 2012

Ethiopian Potash Corp. announces agreement to exercise G & B option early and appoints financial advisor

The company plans to exercise its option to acquire G & B Central African Resources and appoints a new financial advisor.

July 11, 2012

Botswana’s diamond exports almost double

According to preliminary data released by the Bank of Botswana (BoB) on Monday, Botswana's May diamond exports were nearly 20% down from May 2011, a time when a global diamond…

July 11, 2012

Castle Peak Reports 9.8m of 6.8 g/t Au, Including 1.0m of 51.8 g/t Au From Apankrah Target

The report highlights findings of 9.8m of 6.8 g/t Au, including 1.0m of 51.8 g/t Au from the company's Akorade project.