August 16, 2019

Avesoro regains control of Burkina Faso gold mine after security breach

The company had halted operations last week as a precautionary measure after armed artisanal miners attempted to steal ore from the Youga mine’s stockpile.

August 16, 2019

Acacia Mining resumes gold exports from North Mara; processing remains halted

While the ban on North Mara’s tailings facility remains, the company can now sell stockpiled gold from the mine.

August 15, 2019

Implats expects annual profit helped by metals prices

Gross profit is expected to rise to 6.8 billion rand from a restated figure of 1.1 billion rand a year earlier.

August 15, 2019

Africa’s biggest fund manager sees gold boom in West Africa

Investor-friendly policies can help Ghana and other countries in the region drive the next “gold-mining boom.”

August 14, 2019

Vedanta fails to stop KCM liquidation in meeting with Zambia’s president

While the president agreed to listen to Vedanta Chairman Anil Argawal's position it did not change his mind.

August 14, 2019

De Beers to let buyers reject up to 50% of small diamonds

The Anglo American unit has gone unusually far this year in offering flexibility to its customers — allowing them to defer agreed purchases and lower the number of diamonds they…

August 13, 2019

Mining billionaire Steinmetz faces trial in Geneva over alleged bribery in Guinea

Swiss prosecutors allege Steinmetz paid $10 million in 2005-2010 to obtain mining rights over the vast Simandou iron ore project.

August 13, 2019

AMCU union disappointed by Lonmin wage offer

The AMCU demanded a monthly basic wage of 17,000 rand ($1,145), a raise of about 48%.

August 12, 2019

Barrick posts profit jump, flags significant work ahead on Acacia

The gold giant also said it planned to begin the sale process for its 50% stake in the Kalgoorlie operation in Western Australia in the third quarter.

August 9, 2019

Lucara results highlight difficult market

The miner produced 42% more diamonds than expected and sold 33% more than anticipated for 4% less revenue.