May 11, 2015

World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

May 11, 2015

AngloGold Ashanti back to black

The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.

May 8, 2015

Copper, iron ore prices hold up despite China trade shock

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

May 8, 2015

BSGR ordered to hand over Simandou-related documents to UK anti-corruption body

The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.

May 8, 2015

Archaeologists find silver, gold pirate treasure in Madagascar

According to the team of explorers, the silver treasure found belonged to the infamous 17th-century Scottish pirate William Kidd.

May 7, 2015

Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

May 7, 2015

ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and…

May 7, 2015

Capacity development critical to sustaining economic growth in Africa

Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years

May 7, 2015

Lower gold prices hurt Randgold first quarter profit

The Africa-focused gold producer saw its first-quarter profit fall16% due mainly to lower bullion prices and reduced production.

May 6, 2015

Iron ore price blasts past $60

Steelmaking raw material now up 28.7% from decade lows hit last month.