July 19, 2012

China Mining United to launch potential $2 billion equity fund for Africa mining deals

China Mining United Fund plans to establish a collaborative China/Africa equity fund to pursue minority stakes in gold, iron-ore and metal companies in Africa and other parts of the world,…

July 18, 2012

Selling gold? Look no further than Khartoum

The most deep-pocketed shopper among the 150 or so boutiques in Khartoum’s gold district is the Sudanese central bank.

July 17, 2012

First Quantum suspends operations in Mauritania

First Quantum Minerals has announced it has temporarily suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to illegal strike action by some unionized employees.

July 16, 2012

If you think Congo is unstable now watch what happens when you throw oil into the mix

New oil reserves could also create new centres of power and in the context of a general oil rush in Central and East Africa, the lack of clearly defined borders,…

July 15, 2012

BHP Billiton exits Guinea

Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea.

July 15, 2012

Zimbabwe PM Party to renegotiate diamond deals with China

Zimbabwe Prime Minister Morgan Tsvangirai's MDC party says it will renegotiate all transactions agreed upon between the ruling ZANU PF party and foreign investors such as China, particularly on controversial…

July 15, 2012

Meghalaya coal mine collapse: NDRF team returns, no bodies found

The National Disaster Response Force (NDRF) team returned to the city on Friday after no body was found in the three-day rescue operation at the mine collapse site at Nagelbibra…

July 14, 2012

Coal train hits truck in South Africa, 24 dead

A coal train ploughed into a farm truck at a level crossing in South Africa on Friday, cutting it in half and killing 24 workers on their way to pick…

July 14, 2012

Summer doldrums

With gold, silver, and their miners’ stocks drifting listlessly near correction lows, the sentiment in precious-metals land is even more pessimistic than usual.

July 13, 2012

La Mancha reaches definitive agreement to be acquired by Weather II at a price of $3.50 per share

La Mancha Resources announced today that it has entered into an agreement with Weather Investments II to purchase all outstanding common shares of La Mancha by way of a take-over…