November 11, 2011 Albidon shuts down Zambia nickel mine citing ‘serious cash flow difficulties’ Mining Weekly reports Albidon’s (ASX:ALB) problems escalated on Friday after it suspended operations at its Munali nickel mine, in Zambia.
November 11, 2011 Botswana paper says De Beers’ struggling Canada mines forced Oppenheimers to sell Botswana Guardian argues the canny Oppenheimers seem to be getting out of the diamond business because its future looks bleak. De Beers is currently in financial straits occasioned by its…
November 11, 2011 Katanga gets $635 million to build world’s largest cobalt mine Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine.…
November 11, 2011 IAMGold is looking to buy. Are you selling? Reuters reports Canadian gold miner IAMGold is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday the company represents…
November 11, 2011 Southern Cross Resources make Mozambique rare earth discovery Macauhub reports Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique, some 110 kilometres from the port of Beira, had reserves of rare earth elements of…
November 10, 2011 Glencore picks off 15% stake in Optimum Coal Holdings Global commodities trader Glencore (LON:GLEN) is making inroads into South African coal. Reuters reports that Glencore has signed a deal to buy energy trader Mercuria's 15 percent stake in South…
November 10, 2011 Kenya to award first gold mining licence next week Kenya will issue its first ever gold mining lease on Tuesday, opening the way for commercial exploitation of the precious metal whose price has peaked in recent weeks after turbulence…
November 10, 2011 Zimbabwe minister admits smuggling is rife barely a week after diamond export ban is lifted Mining Review reports the decision last week to allow Zimbabwe to resume diamond exports from the controversial Chiadzwa and Marange alluvial fields is being questioned, after the country's mines minister…
November 10, 2011 Kilo Goldmines Closes C$10.4 Million Private Placement Kilo Goldmines Ltd. (TSXV:KGL.V)(Frankfurt:02K.F) ("Kilo" or the "Company") is pleased to announce that it has closed its previously announced brokered and non-brokered private placement financings (the "Offerings").
November 10, 2011 Angolan polished diamond output at only 20% of capacity - The Angolan state diamond cutting company, Angola Polishing Diamonds (APD), is producing polished diamonds at a rate of only 20% of its design capacity. This was revealed here by…
Rio Tinto’s fourth-quarter iron ore, copper output beat estimates Despite the comeback performance, Rio Tinto is still in danger of losing the top producer spot to Brazil's Vale. January 20, 2026 | 02:08 pm
