June 15, 2017 South Africa just hiked black ownership rules, miners getting crushed The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.
June 15, 2017 De Beers sends world’s top diamond-searching ship to explore off coast of Namibia Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De…
June 15, 2017 Gemfields beats own ruby sales record at Singapore auction It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.
June 14, 2017 Tanzania says Barrick to pay money owed by Acacia to Gov’t Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.
June 14, 2017 China’s Fosun spices up battle for Gemfields with 10% bid premium Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.
June 12, 2017 Coking coal price slides to 8-month low Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.
June 12, 2017 Copper demand from electric vehicles to be nine times higher by 2027 — study The growing market for electric vehicles will significantly impact demand for copper over the next decade, according to new research commissioned by the International Copper Association.
June 12, 2017 Tanzania accuses Acacia of illegal mining in fresh blow to Barrick’s subsidiary Government accused the gold miner of operating illegally in the country and said it has been evading taxes.
June 12, 2017 Gem Diamonds finds two large rocks at flagship mine in Lesotho The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.
June 9, 2017 Top 40 miners returned to profit in 2016: PwC Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.
Precious metals craze prompts China fund to turn away investors UBS SDIC Fund had become increasingly concerned that investors could be exposed to heavy losses should a record-breaking bull market suddenly turn. December 27, 2025 | 08:00 am
