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Record gold prices fuel Sudan’s deadly civil war

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RECORD-high gold prices are driving a mining surge in Sudan, providing crucial revenue for the country's warring factions to finance their brutal conflict, said...

Gemfields shares rise as ruby expansion offsets gloom

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GEMFIELDS will commission a second processing plant at its ruby mine Montepuez in Mozambique in September, the company said on Friday. Shares in the company...

Kumba CFO to step down in December

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KUMBA Iron Ore said its CFO of eight years Bothwell Mazarura is to step down from end-December after serving a six month notice period. He...

Kenmare takeover talks end after consortium lowered offer

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TAKEOVER discussions between Kenmare Resources and a consortium that included its former managing director ended in failure, the parties said on Thursday. "Following a comprehensive...

Mkhwanazi to leave Anglo as group streamlines executive

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ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the...

Asante Gold unveils $470m balance sheet refresh

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GHANA miner Asante Gold said on Wednesday it had concluded terms for a recapitalisation of its balance sheet in which it will raise $470m. The...

Algeria opens mining to foreign investment

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ALGERIA'S parliament approved legislation allowing foreign companies to own up to 80% of mining projects, marking a significant policy shift for the OPEC nation...

Mali starts work on Russia-backed gold refinery

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MALI began construction of a new Russia-backed gold refinery on Monday, which the West African country's military leader said would take it closer to...

Central banks plan record gold purchases amid dollar concerns

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CENTRAL banks expect to maintain record-breaking gold purchasing patterns this year whilst anticipating a decline in US dollar holdings over the next five years,...

Afrimat CEO says firm “caught napping” on Nkomati mine

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AFRIMAT'S management was "caught napping" in addressing multiple challenges at its Nkomati Anthracite Mine, CEO Andries van Heerden acknowledged in the company's annual report,...