December 16, 2011

Occidental Gold plans Ivory Coast gold mine

After discovering a significant deposit in the Ivory Coast, Occidental Gold, a unit of Australia's Perseus Mining said it will seek a mining licence from the West African state.

December 16, 2011

Diamond mining firms unfazed by US sanctions list

Two diamond mining companies that were recently placed on the United States government sanctions list have said the embargo will not affect their operations and marketing of the gems.

December 15, 2011

South African court rules $89 million stake in iron ore mine wrongly awarded

A South African court has ruled that the Department of Mineral Resources wrongly awarded prospecting rights to the Sishen iron ore mine to Imperial Crown Trading 289 (ICT).

December 15, 2011

Glencore enters agreement to acquire stake In Rosh Pinah Zinc

Glencore International plc today announced that a subsidiary has entered into an agreement with Exxaro Base Metals and Industrial Holdings (Proprietary) Limited to acquire Exxaro’s entire 50.04 per cent shareholding…

December 14, 2011

Mozambique ports grow with Rio Tinto appetite for coal

Roads were little more than rubble and there was barely enough working equipment to load cargo at Maputo port in 2003. Then Mozambique brought in Grindrod Ltd. (GND) and DP…

December 14, 2011

US sanctions two diamond mines in Zimbabwe

The United States on Monday sanctioned two diamond mines located in Zimbabwe's Marange region, the scene of serious human rights abuses in 2008.

December 14, 2011

Capital Drilling grows further in Chile and Mauritania

Capital Drilling, the emerging and developing markets drilling company, has been awarded two further contract wins and extensions. Capital Drilling Mauritania has recently been awarded a new development drilling contract…

December 13, 2011

Botswana, DRC and Zambia most vulnerable to ‘resource curse’

Oxford Policy Management published a new report explaining how low- and middle-income countries are becoming increasingly vulnerable to the "resource curse."

December 13, 2011

Rumour mill churning on Anglo bid for Mozambique coal mine

Just one week following Anglo American's approval of a $1.7 billion met-coal project in Queensland, the London-listed diversified miner may be shopping for more coal assets.

December 13, 2011

Afferro sells Putu stake to focus on Cameroon project

The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles…