January 17, 2012

Newmont plans $3 billion in capex in 2012; copper output expected to fall

Newmont Mining, the world's fourth-largest gold miner, says it plans to spend $3.0 to $3.3 billion on capital expenditures in 2012.

January 17, 2012

South African PGM production down 2.7 percent

South African platinum group metal production was down 2.7 percent for the three months ended November 2011 compared with the three months ended August 2011.

January 17, 2012

Xstrata sells 2 S.Africa collieries to Imbawula

The company has sold its Spitzkop and Tselentis coal collieries in South Africa to the Imbawula group for an undisclosed amount, adding that there would be no job losses as…

January 17, 2012

Allana Potash Files Preliminary Economic Assessment Technical Report for Its Danakhil Potash Project

Allana Potash Corp. (TSX:AAA) (OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report dated November 28, 2011 on…

January 17, 2012

London Mining JV partner files $650m counterclaim

Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan.

January 17, 2012

Forbes Coal Reports Revenue of $31.2 Million in Fiscal Third Quarter 2012, an Increase of 245% Year-Over-Year

Forbes & Manhattan Coal Corp. (TSX:FMC.TO - News)(JSE:FMC.TO -News) ("Forbes Coal" or the "Company") is pleased to announce its fiscal third quarter 2012 financial results for the three months ended…

January 17, 2012

Xstrata Coal completes sale of Mpumalang

Xstrata Coal South Africa (XCSA) is pleased to announce that it has completed the sale of its Spitzkop and Tselentis collieries and supporting coal assets, located in Mpumalanga, South Africa,…

January 16, 2012

Volta extends gold mineralization northwards at Kiaka gold project

Volta Resources (TSE:VTR) Monday announced drill results from nine holes as part of its on-going phase 3 program at its flagship Kiaka gold project in Burkina Faso.

January 16, 2012

Good African gold and copper mining juniors offer serious opportunities: Welch

Recent trips to Africa have bolstered Chris Welch's conviction that mining plays in Africa are being overlooked, but it's not too late for investors to get in on the ground…

January 15, 2012

UK mining firm seeks renewal of TZ licence in Rwanda

Rwanda is pushing investors who have booked space in its newly developed special economic zone to quickly roll out projects to spur growth in an uncertain year.