Kore considering sale of DX project as grapples with $1.8bn Kola...
KORE will consider selling its Dougou Extension potash deposit in the Republic of Congo as it nears approval of the $1.8bn Kola project.
Kola and...
Mining shares capitulate on day of heavy selling
A difficult day for the major mining shares in a selling action described by analysts has "a capitulation" as market prices outweighed efforts by management.
Mugabe says indigenisation is ‘generous’
Zimbabwe president, Robert Mugabe, said in a state visit to South Africa the 49% allowed to foreign miners in terms of his indigenisation policy was "generous".
Kimberley ends Marange diamonds ban
The Kimberley Process has lifted a freeze on the sale of diamonds from Zimbabwe's disputed Marange fields, says the head of the global "blood diamonds" monitor.
Macozoma’s Safika takes beachhead in Orion Minerals’ Copper-Zinc Prieska project
SAKI Macozoma has extended his mining interests to base metals development after his company, Safika Resources, today announced it had established a beachhead in the...
Banks should be compelled to invest in new coal mines –...
SOUTH African banks Nedbank and Standard Bank should be compelled to invest in building new coal mines, said Bloomberg News citing the comments of...
Australia warns ‘no rivers of gold mining’
Australia is facing a mining boom with greater challenges and fewer rewards, Treasurer Wayne Swan says, warning there will not be "rivers of gold" like earlier commodities rushes.
Odey offers to buy Acacia rights in effort to force Barrick’s...
THERE are more signs that minority shareholders in Acacia Mining are unhappy with the level of offer tabled by Barrick Gold for the company.
According...
AngloGold suspends exploration in Colombian town after town issues ban
ANGLOGOLD Ashanti has stopped a soil study at a exploration site in Colombia after the nearby town's major issued a suspension order, said Reuters...
Failure of Eskom to be “the death knell” of SA mining...
EXXARO Resources CEO, Mxolisi Mgojo, said that without a properly functioning power utility company - Eskom - South Africa's mining industry would cease to...