May 10, 2018

De Beers tracks first 100 diamonds through supply chain using blockchain

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

May 9, 2018

Randgold ends gold venture with Cradle Arc in Mali

Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent…

May 9, 2018

Kinross reels as two more African nations seek mining payoffs

The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest…

May 9, 2018

Mexico greenlights First Majestic’s $320 million-acquisition of Primero

The approval was the final government agency’s permission the parties required to close the deal.

May 9, 2018

Lerala Diamond Mine Limited is going on auction

This auction includes the sale of the pits, the resource, the process plant and ancillary equipment. Goindustry, along with the liquidators, will assist with the transfer of the mining rights,…

May 8, 2018

Glencore’s Congo woes throw spotlight on country’s cobalt dominance

Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.

May 8, 2018

AngloGold upbeat on Africa even as mine uncertainty persists

The company is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries.

May 8, 2018

Zimbabwe parliament delays Mugabe’s questioning on diamond revenue

Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.

May 8, 2018

Congo court temporarily suspends dissolution of Glencore unit

Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.

May 8, 2018

Fura Gems finds giant emerald at historic Coscuez mine in Colombia

The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.