June 14, 2012

Kenya invites bids for two coal blocks

Kenya has invited investors to bid for the exploration and development of two coal blocks in the country's eastern region, the energy ministry said.

June 13, 2012

Successful tailings retreatment for Lace diamond mine

The Lace diamond mine is located 25km northwest of the town of Kroonstad within the Free State Province of South Africa. The mine operated from 1896 to 1931.

June 12, 2012

334,000 SA platinum ounces at risk – Standard Bank

The recent turmoil in Europe and generally poor platinum price performance over the last few months has left South African platinum producers struggling and, marginal assets under threat.

June 12, 2012

Dr Kloppers took home $15 million last year. How is the sypercycle turning out for you?

The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.

June 12, 2012

MDN starts drilling its Nikonga gold discovery

"The presence of several styles of mineralization, the high grades, the consistency of the assays and the setting are all indications of a potentially significant gold-bearing system."

June 11, 2012

Guinea begins production at first iron ore mine

Reuters reported Guinea, in partnership with Bellzone (LSE:BZM) and the China International Fund, has begun operations at its first iron ore mine.

June 11, 2012

Aquarius halts mining after platinum falls

Aquarius Platinum, the world’s fourth-largest platinum producer by volume, has responded to a fall in prices for the precious metal by mothballing a mine jointly owned with Anglo Platinum, arguing…

June 11, 2012

Kinross says Tasiast producing again

Canada’s number 3 gold miner by output said about 600 workers had returned after the four-day strike at its Tasiast mine in Mauritania.

June 11, 2012

Endeavour’s Agbaou gold project enters construction with planned 103,000 ozs/yr at $635/oz cash cost

The Agbaou project in Côte d'Ivoire has entered the construction phase of development. The open pit mine is expected to produce 103,000 ounces of gold per year over 8 years

June 10, 2012

Another company attempts to block First Uranium’s asset sale

First Uranium's (TSE:FIU) plan to sell some of its South African assets was thrown into further disarray after Kumvest (Pty) Ltd. offered to buy First Uranium in order to block…