March 1, 2012

End in sight for Extract buyout

The directors of Extract Resources, would-be developer of the Husab uranium deposit in Namibia, have urged shareholders to accept a buyout offer from China Guangdong Nuclear Power Company subsidiary Taurus…

February 29, 2012

Over a hundred workers in limbo after Firestone Diamonds’ Botswana mine surprise closure

The future of about 160 workers at BK11 diamond mine in Botswana is in the balance after UK-based owner, Firestone Diamonds (LON:FDI), suspended operations yesterday.

February 28, 2012

Botswana rapidly emerging as uranium power in Africa, major South Korean project and don’t forget Pine Creek

An Australian explorer said today that one of Africa’s most prolific uranium plays is shaking off the tag that it was the uranium province that was missed and is starting…

February 27, 2012

Despite write-down, Tasiast remains Kinross Gold’s top priority

Kinross CEO Tye Burt said the company's technical understanding of the orebody "has grown substantially" at its controversial Tasiast gold project in Mauritania in West Africa.

February 27, 2012

Guinea to see its first commercial iron-ore mine flourish by spring

London’s AIM-listed Bellzone Mining announced this morning that its Forécariah joint venture project in Guinea has received approval to complete the first blast at Yomboyeli, allowing Bellzone to kick off…

February 26, 2012

Rio Tinto, Vale discuss sharing rail system – report

Rio Tinto PLC (RIO) is talking to Vale SA (VALE) about sharing rail and port infrastructure for their respective Simandou iron ore projects in Guinea, The Australian Financial Review reported…

February 25, 2012

Vale to begin building coal terminal in Mozambique

Mozambique's Prime Minister Aires Aly said in Tokyo on Thursday his nation plans to start construction of a coal terminal at the northern port of Nacala in the next few…

February 25, 2012

Zimbabwe partially rejects Mimosa indigenisation plan

Platinum miners Impala Platinum (Implats) and Aquarius Platinum said on Friday that Zimbabwe had rejected a portion of the indigenisation plan for the Mimosa mine, which they jointly own.

February 25, 2012

Success in the DRC: Investors line up for Banro already up 50% in 2012

Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up…

February 24, 2012

Newmont slides after taking $1.6 billion Arctic hit

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.