November 11, 2014

Weak oil price, currencies helping miners stay afloat

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

November 10, 2014

Gold down again, some miners selling at loss

Friday’s rally was just a brief break for the precious metal.

November 10, 2014

Eastern Platinum disposes of platinum assets

Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited for the disposal of its platinum group metal operations in South Africa.

November 9, 2014

Swiss UBS faces fine over alleged precious metals trading wrongdoing

The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.

November 9, 2014

BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

November 9, 2014

Zimbabwe mulls ending tax on diamonds

As part of a set of planned measures to stimulate production and attract investment in the sector.

November 6, 2014

Lawyers seek Barrick’s support in case against African subsidiary

African Barrick’s North Mara mine, Tanzania’s largest gold producer, has been a flashpoint of clashes between locals and security forces for many years.

November 6, 2014

Randgold output up 28%, hunts for new mines

The company is confident in the precious metal it mines.

November 5, 2014

Ivanhoe OK to build one of world’s biggest platinum mines

South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.

November 5, 2014

Huge unknown mammal tracks found in African diamond mine

Researchers also found evidence of dinosaurs and large crocodiles dating to 118 million years ago.