March 11, 2019

Barrick gives up plans to acquire Newmont, will form Nevada JV instead

Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.

March 10, 2019

Rwanda aims to sell stake in cement firm Cimerwa this month

A construction boom in Rwanda has driven up demand for cement as the government builds roads, power plants and a new international airport.

March 8, 2019

Petra Diamonds shares jump after another discovery at Cullinan

It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.

March 8, 2019

Tanzania threatens Acacia with closing North Mara over water pollution

The country's No.1 gold producer says the "brief" spill affecting the operation has already been halted and blamed vandals for destroying or stealing sections of the pipe it uses to…

March 7, 2019

Botswana sees lower mineral revenues in 2019

Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.

March 7, 2019

South Africa’s Eskom may need more bailouts despite tariff hikes

Eskom supplies more than 90 percent of the power in Africa's most industrialised economy.

March 7, 2019

Zimbabwe to allow foreign platinum miners control of local operations

Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.

March 6, 2019

Canadian juniors shifting focus to Africa, away from South America

Spending destined for South America drops by $600m, while share of funds raised for exploration projects in Africa doubles.

March 6, 2019

Avesoro releases New Liberty underground PFS

AccoThe new Liberty project has a measured and indicated resource of 20.5 million tonnes at 2.66 g/t gold.

March 6, 2019

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.