September 19, 2017

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

September 19, 2017

Gem Diamonds finds another huge diamond at Lesotho mine

Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.

September 19, 2017

Congo’s Gecamines to set new rules on mining proceeds

New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects

September 18, 2017

Palladium price consensus forecasts point to end of the rally

Speculative frenzy not entirely supported by fundamentals.

September 18, 2017

About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations

The miner warned further reductions could be in store at those operations, which employ 31,000 people.

September 18, 2017

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

September 18, 2017

Botswana seeks option to buy unusually big diamonds from its mines

Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.

September 18, 2017

Kinross Gold to spend $1bn to expand Mauritania, Nevada mines

Projects aim at boosting output and lowering costs.

September 15, 2017

AngloGold a step closer to selling loss-making Kopanang mine in S. Africa

The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.

September 14, 2017

S.African miner Lonmin says licence not at risk after ministry warning

The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it…