August 5, 2011

Albidon cuts nickel output forecast by 21pct at Munali mine

Reuters reported that Australia's Albidon Limited has cut its 2011 nickel concentrate output forecast by 21% at Zambia's Munali mine due to lower than projected ore production and quality.

August 5, 2011

NUM and De Beers sign deal

A wage agreement between De Beers Consolidated Mines and the National Union of Mineworkers (NUM) has been signed, the diamond producer said on Thursday.

August 5, 2011

AngloGold plans trial to tap $118 billion of 3-mile deep ore

AngloGold Ashanti Ltd. (ANG), which owns the world’s deepest mine, will within two years trial new mining methods in South Africa to access almost $118 billion worth of gold lying…

August 4, 2011

BBEnergy clinches projects worth a combined R60m in first four months of operation

Energy management company BBEnergy has been awarded four projects worth a total of R60-million within its first four months of operation.

August 4, 2011

AngloGold says gold market is entering “a perfect storm”

AngloGold Ashanti reported record quarterly profits on Thursday of $342 million, up a whopping 68%, boosted by the precious metal's longest winning streak in almost a century. The world’s third-largest…

August 3, 2011

Allana Potash stays positive in Danakil Depression

Up 103% since the start of the year stock in Allana Potash Corp, advancing a project in Ethiopia was trading steady on Thursday after the company announced it had intersected…

August 2, 2011

Sono Resources make final cash payment for the copper, silver licenses in Botswana

Canada's Sono Resources Inc announced on Tuesday that the final $100,000 cash payment for the year has been made and that Sono will now issue the vendors 6,500,000 common shares…

August 2, 2011

Metorex to delist from JSE in early December

Base metals miner Metorex is expected to delist from the JSE in early December, following the completion of a takeover by Chinese group Jinchuan which made a R9.1bn ($7.3bn) offer…

August 2, 2011

Ruby Creek’s Gold Standard acquisition update

Ruby Creek Resources Inc., a gold exploration and mining company with operations in Tanzania, provided an update on the closing of the Gold Standard acquisition on Tuesday.

August 2, 2011

South Africa mines minister says nationalisation wrong, dangerous question to ask

Asking whether South Africa should nationalise its mining industry was the wrong, dangerous question to ask in searching for the answer to South Africa’s “evil triplets” of poverty, inequality and…