August 7, 2011

Diamondcorp’s Lace mine sampling exceeds expectations

Diamondcorp CEO says increased per-carat value could drop break-even grade - making Lace Diamond Mine a bigger cash generator than expected. According to miningmx.com, the South African Diamond Exchange has…

August 6, 2011

Vedanta invests $90 million to control a billion tonnes of Liberia iron ore reserves

Sesa Goa, a subsidiary of Vedanta Resources, on Saturday said it will buy 51% stake in an iron ore making firm in Liberia for $90 million in an all-cash deal.…

August 6, 2011

South Africa coal exports fall again in July

South Africa's Richards Bay Coal Terminal (RBCT) exported 4.36 million tonnes of coal in July compared with 4.78 million tonnes the previous month, RBCT data showed on Thursday. This compares…

August 6, 2011

Delta Mining defines 136m tonnes at Limpopo coal project

Following the 53-hole first phase drilling program completion by Delta Mining Consolidated Ltd (DMC) on its 3,445 hectare Southern block of the 9,548 hectare Limpopo Coal Project, an indicated coal…

August 6, 2011

Research and Markets: Production and Investment Forecasts in the Namibian Mining Industry: Uranium Set to Overtake Diamonds as Namibia’s Largest Foreign Currency Earner

Research and Markets (http://www.researchandmarkets.com/research/5cb789/production_and_inv) has announced the addition of Frost & Sullivan's new report "Production and Investment Forecasts in the Namibian Mining Industry" to their offering. This research

August 5, 2011

Botswana world’s top diamond producer in 2010

The Economic Times reports Botswana is the world’s biggest rough diamond producer by value in 2010. According to statistics release by the Kimberley Process, a UN certified scheme, despite Russia…

August 5, 2011

Cape Lambert’s Marampa iron ore IPO plan boosted by China interest

Australian mining explorer Cape Lambert Resources is seeking to list its Marampa iron ore project in Sierra Leone by the end of 2011 to raise as much as $500 million,…

August 5, 2011

Essar to invest 4 billion in Zimbabwe steel plant

Essar plans to spend up to USD 4 billion in constructing a steel plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years.

August 5, 2011

Uranium set to overtake diamonds as Namibia’s largest foreign currency earner

According to a new report by Research & Markets high uranium prices, paralleled by growing global demand for energy, will result in Namibia doubling its uranium production to approximately 12,000…

August 5, 2011

Strike to impact on Northam Platinum FY earnings

JSE-listed Northam Platinum said on Friday that the six-week strike in the first half its 2011 financial year would result in lower earnings.