August 17, 2012

Anglo American completes acquisition of De Beers

Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond…

August 16, 2012

Death toll climbs to 28 at Lonmin mine

South African police began firing on a surging crowd of workers leaving 18 people dead.

August 16, 2012

Egypt to issue tenders for foreign gold explorers

The Egyptian Mineral Resources Authority plans to issue international tenders in September to explore for gold in seven areas in Egypt's Eastern Desert and Marsa Alam regions in the south…

August 16, 2012

Petra Diamonds reduces 2012 production guidance

London-listed Petra Diamonds has reduced its production targets at its mines in Africa for this fiscal year by 0.25 million carats to 2.85 million carats.

August 16, 2012

Investors cheer Barrick’s plans to sell African Barrick to China

Barrick Gold was trading up 3.8% in heavy volumes in Toronto and African Barrick Gold shot up 8% after Barrick confirmed that it is in early talks with China National…

August 16, 2012

China’s expansion a risk for Western mining interests in Africa

China's rapid expansion in the African continent brings both risk and peril to Western mining companies operating in the region.

August 14, 2012

Nobel laureate to Africa’s new resource rich: You’ll probably end up poor

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.

August 14, 2012

De Beers aggregation moves to Botswana ahead of schedule

The migration of worldwide diamond aggregation in Gaborone, Botswana, which began Tuesday, marks the first phase of the relocation of De Beers’ sales activities to Botswana as part of the…

August 13, 2012

South Africa platinum mine death toll reach nine as rival unions clash

A nightshift policeman hacked to death during clashes between rival unions brings to nine the number of fatalities at Lonmin's platinum mine in the North West province of South Africa.

August 13, 2012

Merrex Gold corporate update

At the company's Siribaya project, exploration progressed despite a military coup and is making headway under a more stabilized government.