March 5, 2018

Stellar Diamonds mulls takeover offer as losses deepen

Miner posted a net loss of $984,928, compared to a $663,145 loss a year earlier, due to an increase in costs of developing its Tongo-Tonguma diamond project in eastern Sierra…

March 5, 2018

Lucapa fetches $1.7 million in diamond sales from Lulo

Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.

March 4, 2018

Lundin Gold eyes growth after mine in Ecuador built

“We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations,” said Chief Executive Ron Hochstein at PDAC.

March 2, 2018

Angola offers former dos Santos diamond rights to investors

Angola is one of the world’s top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war.

March 2, 2018

Moody’s upgrades Barrick to Baa2 with stable outlook

Company’s goal remains to reduce total debt to around $5 billion by the end of 2018.

March 2, 2018

Australia takes Rio Tinto to court over Mozambique coal deal

Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

March 1, 2018

Rand newly gained strength may negatively impact South Africa’s gold miners: BMI

"Our optimistic outlook for the rand will shift our existing positive view on South African gold miners over the coming years," says the market research firm.

March 1, 2018

Stellar Diamonds Sierra Leone project takes key step forward

Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer.

March 1, 2018

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

February 28, 2018

Zimbabwe has potential to meet 20% of global lithium demand

Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.