January 4, 2012

Paragon Diamonds buoyed by positive first results from Motete Dyke licence

Paragon Diamonds (LON:PRG) confidence has been boosted after it received positive results from a first sample sent from its newly awarded Motete Dyke licence in Lesotho, southern Africa.

January 4, 2012

Gaydamak: Leviev Owes Me $2 Bln for Angolan Diamond Deals

Russian oligarch Arcadi Gaydamak has filed a complaint against Lev Leviev with the Israel Police, claiming that Leviev owes him $2 billion in unpaid diamond trading commissions.

January 3, 2012

US$100 million debt facility agreement completed: Eastern Platinum Limited

Eastern Platinum Limited (the “Company” or “Eastplats”) is pleased to report that further to its press release of February 1, 2011 announcing the receipt of letters of commitment for a…

January 2, 2012

US$5 billions worth gold reserves discovery in Ethiopia

The National Mining Corporation (NMiC), an Ethiopian private company, announced the discovery of the largest ever gold and base metal reserves in Oromia and Tigray regional states. NMiC estimates that…

January 2, 2012

U.S. conflict mineral crackdown backfiring in the DRC – UN

According to a United Nations report, a U.S. attempt to halt the sale of so-called "conflict minerals" has actually pushed trade deeper into the hands of criminals.

January 1, 2012

African Metals says startup of processing plant in DRC delays by weather, unrest

The assembly of an African Metals Corp. (TSXV:AFR) processing plant at its Luisha South copper-cobalt project in Congo is now expected to be completed in January following delays caused by…

January 1, 2012

Mining companies in Tanzania yet to pay raised royalty fees

Tanzanians are yet to start benefiting from the new mining law which raised royalty paid on precious minerals including gold from three to four per cent because mining companies haven’t…

January 1, 2012

Lack of transparency in mining sector killing Africa’s potential

Secrecy in handling mining contracts and lack of disclosure on oil and mining revenues are crippling Africa’s mineral potential, denying the continent billions of dollars as commodity prices rise.

January 1, 2012

Natural disasters, gold price among Top Mining Stories of 2011

2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.

December 30, 2011

Africa Resources to invest USD 3.5 million in Tanzania

East Africa Resources Limited has executed an Agreement with Korea Resources Corporation for KORES to invest in EAF's Mkuju South uranium project in Tanzania.