Algeria opens mining to foreign investment
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
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
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
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,...
SA’s Mantashe: stuck in an endless BEE loop
THERE'S a long-standing view around town that the South African Government gaslights its mining industry with horror legislative proposals as a negotiating technique.
There may...
Mali court places Barrick gold complex under administration
BARRICK Mining had its Loulo-Gounkoto gold complex in Mali placed under state control by a court on Monday in a major escalation of a...
Debswana seeks $6bn for Jwaneng underground project
BOTSWANA'S diamond giant Debswana is exploring international financing options for a $6bn underground mining project at Jwaneng, according to a report by Reuters. The...
Gemfields ruby auction realises $31.7m
GEMFIELDS reported strong demand for fine-quality rubies on Monday despite market turbulence, with its latest mixed-quality ruby auction generating $31.7m in revenue.
"Demand and pricing...
Mining giants face leadership shake-up amid push for M&A
THE world's biggest mining companies are undergoing an unprecedented leadership overhaul as investor impatience with mergers and acquisitions features as a major reason for...
Mali Plans Gold Refinery with Russia
MALI'S government has announced plans to establish a new state-controlled gold refinery in partnership with Russia's Yadran, as the West African nation seeks to...