Congo reopens mining talks amid smuggling crisis
THE Democratic Republic of Congo has reopened negotiations with mining companies as it seeks to recover billions of dollars lost through gold smuggling, the...
Botswana runs surprise ad-hoc diamond auction
BOTSWANA has launched an unprecedented ad-hoc diamond auction in an effort to raise revenue as the southern African nation grapples with a slump in...
Gold Fields sells Northern Star stake for A$1.1bn
GOLD Fields said on Friday it had raised about A$1.1bn ($725m) through the sale of its 3.4% stake in Sydney-listed Northern Star Resources.
This takes...
Can South Africa deliver on rare earth minerals?
SOUTH Africa has the critical minerals that the US needs to industrialise, including rare earth minerals, President Cyril Ramaphosa told President Donald Trump in...
Copper soars after Indonesian mine tragedy
COPPER prices have surged above $10,300 per ton on the London Metal Exchange following Freeport-McMoRan's declaration of force majeure at its Grasberg mine in...
Angola proposes pan-African De Beers consortium
ANGOLA has submitted a bid for a minority stake in De Beers, proposing to establish a pan-African consortium of diamond-producing nations to jointly operate...
Congo unmoved on cobalt export quota system
THE Democratic Republic of Congo will maintain its recently announced cobalt export quota system with the country's mining minister ruling out immediate revisions, said...
Botswana seeks De Beers control by October
BOTSWANA'S president has set an end-of-October deadline to secure majority control of De Beers, as the diamond-dependent nation seeks greater influence over global gem...
Investors pile into gold ETFs propelling metal to new record
A FRESH surge of investment in exchange traded flows (EFT) is one of the factors behind yet another bout of record-setting gold prices in...
Gemfields to post $24.6m interim loss on lower sales
GEMFIELDS expects to report an interim loss of $24.6m (R435.8m) following disrupted emerald production and less premium rubies mined.
In a trading statement ahead of...