June 19, 2011 Zimbabwe’s state-owned miner plans to revive gold production The state-owned Zimbabwe Mining Development Corp. plans to revive production at three gold mines, the state-controlled Herald said today, citing Deputy Mines Minister Gift Chimanikire. […]
June 18, 2011 Chrome prices to increase as global steel production rises to 1.5 billion tons in 2012 Global steel production is set to rise to 1.5 billion tons in 2012 and due to increasing costs many ferrochrome and chrome ore producers will increase prices. The devaluation of…
June 17, 2011 Suite of $6.5bn South Africa platinum projects under project management Mining Weekly reports six major platinum projects, collectively worth some R46-billion, are under project management on the western limb of the Bushveld Complex, in the Rustenburg area of South Africa.…
June 17, 2011 Zimbabwe mining sector in $1bn deal with development banks The Zimbabwe mining industry is expected to conclude a US$1 billion revolving facility at a number of African development banks to recapitalize mining firms as it emerges from a decade…
June 17, 2011 Tax issues at Konkola Copper Mines, First Quantum – Zambian Finance Minister Zambia's finance minister said on Thursday that audits had highlighted tax "issues" with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L:Quote), and Canada's First Quantum Minerals (FM.TO: Quote)…
June 16, 2011 Investors are finally seeing value in deal-hungry super-profitable Brazilian giant Vale With a new government-backed CEO, a capex budget and acquisition war chest that dwarfs others, record net profits, a very generous dividend policy, strong fundamentals in its core business, aggressive…
June 16, 2011 Russia muscles in on Zimbabwe’s $5bn diamond stockpile SW Radio Africa news reports India has raised concerns as Russia is set to join China in moves to control diamond mining in Zimbabwe, with the Federation’s state diamond group…
June 16, 2011 Gold Mining in Eritrea Gold miners are expanding their focus in Africa to the northeast of the continent, a region that in the past, was largely bypassed by gold explorers. Northeast Africa already has…
June 16, 2011 Strong Demand from Antwerp, Declining Interest for Near Gem at Diamdel Diamdel sold 251 of the 256 rough diamond lots it offered at its recent auction. Demand for large goods, 2+ ct items, grainers and smaller goods increased compared to the…
June 16, 2011 FLSmidth Roymec integration is now complete Following FLSmidth’s acquisition of engineering and material handling specialist Roymec in November 2010, all Roymec personnel have now moved over to FLSmidth’s South African headquarters in Constantia Kloof, Roodepoort, creating…
BHP’s Vicuna unveils $18 billion copper investment in Argentina The project is forecast to average 395,000 tons of copper, 711,000 ounces of gold, and 22.2 million ounces of silver annually over its first 25 years. February 16, 2026 | 01:26 pm
