April 23, 2018

Petra Diamonds rallies on revenue growth, record output

Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.

April 23, 2018

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall…

April 22, 2018

Caledonia wants to expand in Zimbabwe

The company is negotiating the possibility of buying the government’s 16 per cent stake in the Blanket project.

April 20, 2018

South Africa’s Eskom gets workaround to tackle coal shortages

The state-owned utility is seeking coal for seven of its plants that are facing shortages after supply disruptions from Gupta family-controlled mines.

April 20, 2018

Illegal gold miners invade Grace Mugabe’s farm amid legal dispute

The illegal miners at Smithfield last month told Grace that she no longer had any power to evict them.

April 20, 2018

Zimbabwe’s parliament orders Mugabe to answer questions over diamonds

Former leader Robert Mugabe will have to answer questions next month about whether the state was deprived of $15 billion in diamond revenue.

April 19, 2018

Strike halts gold output at two Randgold mines in Mali — union

The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.

April 19, 2018

De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market

The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply…

April 19, 2018

Embattled Acacia Mining keeps losing money due to Tanzania tax row

Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.

April 18, 2018

Diamonds confirm existence of planetary “embryo”

A planetary “embryo” gave origin to the meteorite fragments that form the Almahata Sitta collection.