November 25, 2011

Keegan Settles Majority Interest of Ghanaian Lawsuit

Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company) is pleased to announce that it has entered into a written settlement agreement with two parties who together hold a 60%…

November 25, 2011

South Africa’s diamonds dynasty kissing the business good bye

The Oppenheimers, the dynasty involved in South Africa's diamond industry for a century, sold their 40 percent stake in De Beers to Anglo American.

November 24, 2011

Debswana sheds 700 jobs, citing need to cut costs

Mmegi Online is reporting a major downsize has taken place at Debswana, a partnership between the Botswana government and De Beers.

November 24, 2011

Coal of Africa jumps 8% after coming to green understanding

London-listed Coal of Africa and various environmental groups buried the hatchet on Thursday to work together to preserve Mapungubwe in northern South Africa near the company's controversial Vele opencast project.…

November 24, 2011

Allana Potash announces $800m capex for Ethiopian mine

A preliminary economic assessment for the Danakhil potash project in Ethiopia pegs the capital costs at $797 million. Canadian potash junior Allana Potash announced the figure yesterday while also outlining…

November 24, 2011

South Africa regrets privatizing steel giant decades ago as it embarks on $100 billion infrastructure programme

Expressing regret that South Africa had sold off its steel-producing state-owned enterprise (SOE), Iscor, Public Enterprises Minister Malusi Gigaba said that government may enter the steel production industry through the…

November 23, 2011

Tanzania says uranium project in wildlife sanctuary on track

Mining Review reports the government of Tanzania has allayed fears over likely land disputes between uranium investors and local residents in the Ruvuma region of southern Tanzania, and is confident…

November 23, 2011

China’s Minmetals extends offer for Anvil to Dec 9

China's Minmetals Resources Ltd has extended its $1.3 billion takeover offer for Africa-focused copper miner Anvil Mining Ltd by two weeks to Dec. 9. This comes after Anvil warned last…

November 23, 2011

AngloGold cuts $3 billion program to dig deeper at mine already 4 kilometres down

Bloomberg reports AngloGold Ashanti, the third- largest producer of the metal, is scaling back a $3 billion, 10-year programme to extend is Mponeng mine outside Johannesburg, South Africa. Mponeng is…

November 23, 2011

Lake Victoria’s new drill rig to undertake soil sampling programs on projects in Lake Victoria Gold Belt of Tanzania

Lake Victoria Mining has purchased a mobile auger drill rig to provide soil sampling services over "mbuga" covered areas of its gold projects in the Lake Victoria Greenstone Gold Belt…