June 20, 2016

Bristow fundraising bike ride for Africa’s poor passes $2.4 million mark

Randgold Resources chief executive Mark Bristow’s fundraising motorbike safari from the east to west across mid-Africa has so far raised more than $2 million, with a little under half way…

June 20, 2016

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.

June 17, 2016

Nevsun shares tank after Reservoir accepts takeover

Vancouver-based Nevsun sweetened the deal for Reservoir shareholders with a $75 million cash payment just before the vote.

June 15, 2016

China’s exhausting its gold reserves at 5 times the global rate

New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.

June 15, 2016

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

June 14, 2016

President Ali Bongo inaugurates the Moanda School of Mining and Metallurgy (E3M)

This Institute will help boost the performance of the Moanda Metallurgical Complex

June 14, 2016

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

June 14, 2016

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

June 13, 2016

Kinross Tasiast strike ends – no production hit

No impact on output guidance or expansion plans at West African mine as Toronto-based miner gears up for record annual production in 2016.

June 13, 2016

Glencore: Massive investment in coal mines needed

Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.