September 13, 2011

Rössing will not agree to MUNs demands

While Rio Tinto’s Rössing Uranium Limited is committed to solving the dispute over employee bonus payments with the Mineworkers Union of Namibia (MUN), it would not agree to the union’s…

September 12, 2011

Abzu Gold Commences Nangodi Drilling Program, Ghana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Abzu Gold Ltd. (TSX VENTURE:ABS)(OTCQX:ABZUF) ("Abzu") is pleased to announce commencement of drilling at its Nangodi concession, Bole-Nangodi Gold Belt, Ghana (Figure…

September 12, 2011

Diamond miners in Zimbabwe to set up independent power line

The companies in question mine diamonds in the Chiadzwa region (illustrative photo) A number of diamond mining companies operating in Zimbabwe intend to set up their own power line after…

September 12, 2011

Paladin Energy Ltd.- Langer Heinrich Mine, Namibia US$141M project finance facility drawdown

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 12, 2011) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN) (ASX:PDN)wishes to note that the Company's Board of Directors advise that financial close has…

September 12, 2011

Auryx Gold Corp discovers massive iron oxides at the Otjikoto Gold project, Namibia

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Auryx Gold Corp. ("Auryx" or the "Company") (TSX:AYX)(NSX:AYX) is pleased to announce the discovery of two distinct zones of massive iron-oxides ("Fe-oxides") overlying…

September 11, 2011

Zim miners forced to build own power

A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line, a newspaper reported Sunday.

September 11, 2011

Burkina Faso’s first zinc mine to start up

SYDNEY (Reuters) - A new zinc mine in west Africa is due to start up in mid-2012, just as some of the world's largest deposits are winding down, creating the…

September 10, 2011

Eskom tariffs may harm beneficiation: Mining sector

The government's drive to encourage companies to beneficiate the minerals they mine is threatened by the rapidly rising cost of electricity. " Electricity prices are threatening the viability of many…

September 10, 2011

Guinea adopts new mining code boosting state share

Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35 percent and toughens procedures for acquiring…

September 10, 2011

Nigeria: Coal power stations underway in Gombe, Kogi, Enugu

The Federal Government has promised to build three coal-fired power stations in Enugu, Kogi and Gombe states with the capacity to generate 3000 megawatts so as to diversify electricity sources…