November 13, 2011

First African Minerals iron ore shipment leaves Sierra Leone

The first shipment of iron ore from African Minerals' Ltd Tonkolili mine in Sierra Leone has left for China, the West African state's deputy minister for natural resources said on…

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").