August 28, 2012

Paragon Diamond gets $10 million to finish its Lesotho mine

Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.

August 28, 2012

MMC Capital calls for transparency in Zimbabwe’s Marange diamonds

The Zimbabwean government should ensure that greater Foreign Direct Investment (FDI) in natural resources translates into higher fiscal revenue that could be spent in priority areas, leading brokerage firm MMC…

August 28, 2012

SA investor splashes over $2 million on diamond jewellery making school

A South African investor has invested $2,5 million to set up a diamond jewellery making training school at the Zimbabwe Diamond Education College.

August 27, 2012

Nobody knows where the $334 million Zimbabwe sold in diamonds last year ended up

The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance…

August 27, 2012

South Africa’s gold sector also hit with wage hike demands

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until…

August 25, 2012

Families left behind after South Africa’s mining massacre

Al Jazeera tracked down some of the grieving family members of the miners who were killed in the Aug. 16 shootings that left 34 dead.

August 25, 2012

Nearly 60% of Lonmin’s workers report to work

Troubled platinum miner Lonmin (LON:LMI) said that 57% of its workers turned up for work.

August 23, 2012

Gold Fields to miss production target, reviews portfolio

Gold Fields (NYSE:GFI), the fourth-biggest bullion producer, said it will fail to reach its predicted output target of 3.5 million ounces for 2012 and that it is revising its operations…

August 23, 2012

Randgold welcomes political progress in Mali

Chief executive Mark Bristow said it was pleasing to see that continued progress was being made in restoring full political stability in a country which had long been an exemplary…

August 23, 2012

Great Quest files NI 43-101 technical report on SEDAR for the Tilemsi phosphate project, Mali

The report is based on target areas of Tin Hina and Alfatchafa in Mali. The report validates an Inferred Mineral Resource of 32 million tonnes at a grade of 23.4%…