February 6, 2012

South Africa says no to mines nationalization

The South African government has quashed persistent rumours about nationalizing the country's mining industry.

February 6, 2012

Allana Potash Drilling intersects robust potash and provides feasibility and infrastructure update

Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has intersected two zones of strong potash mineralization in both Hole DK-11-29 ("Hole 29") and Hole…

February 6, 2012

Read my lips: South African Minister announces no mining tax surprises

According to South Africa’s National Planning Minister, Trevor Manuel, the country will not be hitting mining companies with any surprise new taxes.

February 6, 2012

Randgold Resources shines bright as year profit soars

London- and Nasdaq-listed gold producer Randgold Resources Ltd. (LON:RRS) (NASDAQ:GOLD) stocks went up 3.5 percent after the West Africa-focused miner reported a more than fourfold rise in net profit for…

February 5, 2012

South Africa is looking at mining super-tax, ‘targeted intervention’ in platinum sector

South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted…

February 5, 2012

Obama trade adviser + basketball star + warlord = Gulfstream V loaded with 1,000 pounds of gold

A new UN report says a US trade adviser appointed by Barack Obama orchestrated a $20 million deal to buy 1,045 pounds of gold in eastern DRC from warlord Bosco…

February 5, 2012

China gold output in 2011 was 360 tonnes

Interfax-China reported that China's gold bullion output grew by 5.89% in 2011 to reach a record high of 360.96 tonnes up by 20.08 tonnes from the previous year making the…

February 5, 2012

Top shareholders gunning for Xstrata’s Big Mick, could block deal without premium

The Telegraph reports Chairman John Bond and CEO Mick Davis risk being voted off the board of Xstrata after being accused of negotiating "a cosy stitch-up" with Glencore and that…

February 4, 2012

Tougher year for platinum mines

The stresses that have afflicted South Africa's platinum miners for the best part of a year appear to be coming to a head.

February 3, 2012

Tanzanian Royalty Awards Contract for Preliminary Economic Assessment of Surface Rubble Deposit at Kigosi Gold Project

Tanzanian Royalty Exploration Corporation is pleased to announce that it has entered into a contractual agreement withConsulmet Metals (Pty) Limited of South Africa to complete a Preliminary Economic Assessment (PEA)…