October 4, 2011

Hanlong buys Sundance for US1.57B

A Chinese company has made another bid to secure iron ore and other metals beyond its borders. On Tuesday Hanlong Mining said it will buy Perth-based Sundance Resources for US$1.57…

October 3, 2011

Vale to concede 35% of Simandou to Guinea

Vale SA will likely hand over 35% of its Simandou iron ore project to Guinea. The Wall Street Journal (sub required) is reporting that Vale, one of the top three…

October 3, 2011

China’s Hanlong ups takeover offer for Australia’s Sundance

Two sources familiar with the situation told Reuters the Chinese firm has agreed to raise its offer price for Sundance Resources to secure an agreed takeover bid for miner. Chinese…

October 3, 2011

Shanduka eyes majority stake in Lonmin’s Limpopo division

World's third-largest platinum producer, Lonmin, said on Monday it had agreed a deal which could see South Africa's Shanduka investing R1.1 billion rand for control and management of its Limpopo…

October 3, 2011

Banro start to gold production from Twangiza, DRC, imminent

Banro’s Twangiza gold mine (IM, February 2008, pp8-26) is on schedule to pour gold in Q4 2011 and ramp up to full production of around 10,000 oz/month early in 2012.

October 2, 2011

Forevermark Diamond Jewelry Brand Expects $300M in Revenue in 2011

The Forevermark diamond jewelry brand launched in India in January 2011 De Beers’ Forevermark diamond jewelry brand expects revenue to reach $300 million in 2011, compared to $250 million in…

October 1, 2011

Ougadougou urges mining firms to help beat poverty

Burkina Faso Prime Minister Luc Adolphe Tiao called on foreign mining companies active in the country to do more to help alleviate poverty hitting 42 percent of the 16 million…

October 1, 2011

African Minerals cuts iron ore sales forecast

Mining firm African Minerals Ltd cut its estimate of iron ore sales for 2011, as mine equipment at its Sierra Leone project was redeployed to build port and railway infrastrucure.

September 30, 2011

Minmetal Resources offers $1.3 billion for Anvil Mining

Minmetal Resources bought Anvil Mining for $1.3 billion, representing a 30% premium over Anvil Mining's average share price. The Anvil Board has unanimously approved the offer. Anvil's key asset is…

September 30, 2011

Namibia: Namdeb Donates Redundant Equipment

Windhoek Namdeb on Tuesday through its corporate social responsibility programme donated redundant components and equipment, valued at N$372 440, to Namibia Institute of Mining Technology's (NIMT) Southern Campus at Keetmanshoop…