July 11, 2012

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach…

July 10, 2012

Amerix reports additional gold results from drilling at Limao property in Brazil

The company reports a grading intersected at 9.89m of 8.2 grams gold per tonne a the Limão gold property.

July 10, 2012

Zimbabwe’s teachers want their salary in diamonds

The core teachers’ union of Zimbabwe has demanded the proceeds of diamond sales be spent on their wages and on improving current working conditions.

July 10, 2012

Botswana cuts taxes, gives private sector scope

Botswana is setting out to lower the fiscal burden on resources investors in a charm offensive that separates it from the mining jurisdictions that are currently looking to increase mining…

July 9, 2012

PMI Gold Corporation: agreement to purchase contiguous mining lease with the Obotan gold project

PMI Gold announced that it has entered into an agreement with Midras to acquire the mining lease to the Company's flagship gold project in Ghana.

July 7, 2012

Lonmin top team faces testing time

Ian Farmer, CEO of the world's third-largest platinum company, Lonmin, and his executive team face an extremely testing time in mining sector. Markets are sitting with an oversupply that could…

July 6, 2012

Eastplats caps 30% weekly gain with rap on the knuckles from BC securities commission

Vancouver-based Eastern Platinum was forced to issue a clarification over contained platinum resources at its South African PGM properties following a review by the British Columbia Securities Commission.

July 6, 2012

July 6, 2012: The day the Oppenheimers said goodbye to De Beers

The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company after South Africa’s Mineral Resources Minister approved the…

July 6, 2012

Xstrata-Glencore merger vote postponed: unions raise concerns

Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.

July 5, 2012

SEMAFO announces second quarter gold production of 60,500 ounces

Averaging the gold price for the quarter at $1,615 per ounce, the company saw revenues of $98.4 million. This compares to an averagegold price of $1,519 per ounce for total…