January 5, 2012

Newly Discovered Diamond Mines Bring Hopes of Development to Cameroon

The recent discovery of previously untapped diamond mines in Eastern Cameroon has had the Cameroon news media in a virtual frenzy, but that’s not all.

January 5, 2012

Union drops strike at First Quantum mine in Zambia

Workers at First Quantum Minerals' Zambian copper/gold mine resumed work this morning after the country’s minister of labour intervened to end the two-day wage strike.

January 4, 2012

First Quantum suspends production at its copper/gold mine in Zambia

First Quantum announced that it is suspending production at its 80%-owned Kansanshi copper/gold mine in Zambia due to a labour dispute that started yesterday.

January 4, 2012

Zambia miners warn of more strikes

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…