September 16, 2015

Randgold, AngloGold Ashanti join forces to revamp Ghana mine

Under the agreement with AngloGold, Randgold will lead and fund a development plan to rebuild the Obuasi gold mine in Ghana.

September 16, 2015

Former Anglo CEO Cynthia Carroll is back, joins Vedanta’s unit board

Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.

September 16, 2015

Glencore to reduce debt after getting $2.5 billion in shares sale

The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.

September 15, 2015

Citigroup joins copper price bulls

Market back into deficit next year and through 2019 on supply cuts, disruptions, dirty concentrate and rising costs.

September 15, 2015

UAE to become chair of the Kimberley Process in 2016

First Arab country to hold this position.

September 15, 2015

Paragon Diamonds shines bright on better-than-expected results for Mothae

Shares in the Africa-focused diamond miner climbed almost 6% after it revealed the Mothae kimberlite project in Lesotho may be more profitable than previously assumed.

September 14, 2015

Iron ore price: Got lump?

Growing importance of lump ore trade sees the launch of world first derivative contracts and a jump in premiums.

September 14, 2015

Roxgold’s Burkina mine construction gathers pace

$110 million super-high grade Yaramoko gold project now 36% complete and on track for start-up mid–2016.

September 14, 2015

Vancouver junior on a tear after Africa licence

Shares in Sunridge Gold pop higher after receiving mining licence for super high-grade copper and gold complex in Eritrea.

September 14, 2015

Zambia orders Vedanta unit to get rid of Chilean copper

The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.