November 3, 2011

Letšeng rocks on: one rough worth more than $1 million, 10 bigger than 10.8ct per week

Gem Diamonds' Letšeng mine continued to polish its reputation as the world's richest source of large diamonds, the London-listed company reported in a management statement covering July to October. 15…

November 3, 2011

Chinese firms in Zambia accused of mistreating workers

Chinese-run copper mines in Zambia are routinely mistreating workers and breaking the law by imposing up to 18-hour shifts and flouting international health and safety standards, according to a report…

November 3, 2011

Coal of Africa raises US$106 million

Coal of Africa raised US$106 million after placing 130 million ordinary shares representing 24.4% of CoAL's issued share capital prior to the placing. Coal of Africa operates coalfields in the…

November 3, 2011

Arcelor in South Africa suffers a meltdown

Equipment failure that put a huge dent in production and which is now the subject of a $140 million insurance claim, higher input costs as a result of increased electricity charges,…

November 3, 2011

Harmony signs LOI to acquire the Kafwego-Mufumbwe copper project Zambia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Harmony Gold Corp. (TSX VENTURE:H) (the "Company" or "Harmony") is pleased to announce it has signed a Letter of Intent (the "LOI")…

November 3, 2011

Low uranium prices shelve Central African mine

Ripples of the Fukushima nuclear disaster are still being felt in the uranium sector. French nuclear power company Areva (AREVA:PA) said on Wednesday it is suspending a uranium project in…

November 3, 2011

Liontown Resources Limited secures East African iron ore opportunity in deal with African Barrick Gold plc

Liontown Resources Limited announced that it has secured the opportunity to earn up to a 70% interest in the iron ore rights on an extensive portfolio of tenements held by…

November 2, 2011

West African gold explorer completes Can$81.25 million equity offering

Perseus Mining (TSE:PRU), a West African gold explorer and miner, completed a Can$81.25 million equity offering. The offering, 25 million ordinary shares at Can$3.25 each, was underwritten by a syndicate…

November 2, 2011

Kilo Goldmines C$10 million private placement fully allocated

Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to announce that the private placement financings previously announced on October 18, 2011 are fully allocated (collectively, the "Offering").…

November 2, 2011

Xstrata deal reached after union threatened strike over free worker shares

South Africa's National Union of Mineworkers (NUM) called off a strike on Wednesday after reaching a deal with Xstrata over the coal giant's voluntary employee share ownership plan. Xstrata agreed…