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.
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…
Indonesian coal association says quota cuts risk mine shutdowns Indonesia flagged plans to slash coal output to about 600 million tons a year in a bid to boost prices for the commodity. February 01, 2026 | 09:05 am
