Gold heads for biggest weekly drop since ’09
Gold has slipped more than one percent, heading for its biggest weekly drop since March 2009.
Botswana reshapes the diamond business
Botswana is staking its claim to be the world's most important diamond centre through a radical overhaul of its relationship with De Beers.
DMR ‘withdraws’ Mine Waste Solutions right
First Uranium shares have lost almost 15%, following an announcement that subsidiary Mine Waste Solutions’ mining right has been withdrawn.
Mining ‘no cure’ for poverty
The John Taolo Gaetsewe District Municipality in the Northern Cape hosts more than 75% of the world’s manganese reserves. It is also one of nine nodes of poverty in SA.
De Beers signs 10-year Debswana deal
De Beers, the diamond miner and marketer in which Anglo American has a 45% stake, has signed a long-term contract with Botswana's Debswana.
Base Resources’ Kenya titanium project funded
BASE Resources says it has secured funds for its Kenyan titanium project and expects to commence operations next month.
Production disruption at Smokey Hills
Platinum Australia says production at its Smokey Hills Mine in Limpopo has been disrupted by blockages to the access road by communities adjacent to the road.
Less of a void at Central Rand Gold
An internal study shows the "double void" problem at Central Rand Gold may not be as bad as initially feared, but the share price has hit an all-time low of 9c compared with R20 in 2007.
GFMS: gold to breach $2,000 by year-end
Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, says metals consultancy GFMS.
Peru asks Congress to raise mining taxes
Peru's leftist government has presented a bill to Congress that aims to increase mining taxes to fund anti-poverty projects.