August 13, 2012

MDN reports its financial results for the second quarter of 2012

The company reports a net loss of $583,820, or $0.006 per share, was incurred for the second quarter compared to a net loss of $154,462, or $0.003 per share for…

August 12, 2012

South Africa’s third wealthiest man owes the taxman $250 million

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

August 11, 2012

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in…

August 10, 2012

Tarkwa Gold Mine heap leach facilities resume operations

The company has announced that the Environmental Protection Agency (EPA) of Ghana lifted the temporary suspension on Tarkwa Gold Mine's heap leach facilities.

August 9, 2012

Randgold posts record production from its Mali mine despite unrest

Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold…

August 9, 2012

Glencore gets a bigger piece of the iron ore pie with Bellzone’s output offtake

Shares of iron miner Bellzone were on the rise this morning after the company agreed to sell all of its share of output from the Forecariah mine in Guinea to…

August 9, 2012

Two kilometres down South Africa’s deepest mines: life

Scientists continue to plumb the earth's most extreme environments looking for signs of life and wondering what it might say about the possibility for life elsewhere.

August 8, 2012

South Africa’s gold production continues to fall

South Africa's total mineral production grew 4.2% in June but the negative trend in gold output continued its course with bullion output dropping 4% by volume.

August 8, 2012

Gunmen attack airport in Congo mining hub

Unidentified gunmen attacked the airport in the Congolese mining town of Lubumbashi early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of…

August 7, 2012

Octéa Diamond Group launched at Koidu diamond mine

Mining company Octéa Diamond Group, a private company owned by Beny Steinmetz Group (BSGR), was officially launched at a gala event at the group’s flagship Koidu diamond mine, in Sierra…