December 19, 2019

Time is running out for deal to merge African gold mines

Endeavour Mining suggested the chances of a deal with Centamin are shrinking.

December 19, 2019

Zambia drops 15% export tax on gemstones

The levy on gemstones, excluding diamonds, was meant to increase the country's revenues, but ended up hitting output.

December 19, 2019

AngloGold aims to produce 350,000–400,000 oz a year from Ghana mine

The initial capital expenditure for the Obuasi mine remains in the range of $495 million to $545 million.

December 19, 2019

From Barrick to First Quantum: Top miners look ahead to 2020

Top executives at the world's largest mining companies expect a big focus on environmental, social and governance issues and more consolidation.

December 19, 2019

Lucara Diamond’s sales beat expectations in fresh sign of market improvement

Average price per carat was $548, 16% more than expected and about 40% higher than the average price achieved in the previous quarter.

December 18, 2019

De Beers final diamond sale of the year gives some hope to depressed market

It fetched $425 million for its diamond in December, a slight improvement from the $400 million it obtained in the previous sale.

December 18, 2019

Zimbabwe faces mining asset seizure over canceled joint ventures

News comes at a difficult time for Zimbabwe, with its economy forecast to contract 6.5% this year because of crippling foreign-currency, fuel, wheat and power shortages.

December 18, 2019

Takeover talks between gold miners Endeavour and Centamin hit a snag

The Egypt-focused company has accused Endeavour of not providing key information to assess the value of a potential business combination.

December 17, 2019

Petra Diamonds finds founder Pouroulis’ successor

Adonis Pouroulis, who founded Petra in 1997 and has been its chairman ever since, will leave the company on March 31.

December 16, 2019

Tesla, Apple among firms accused of aiding child labor in Africa

The companies were allegedly part of a system of forced labor that the families claimed led to the death and serious injury of their children.