Rex Minerals (ASX:RXM) has released the prefeasibility study for its proposed copper project at Ardossan indicating that the mine would cost AUD$900 million to construct and generate $11 billion over its current mine life.
The Alexandria-based company tried to pour cold water on the reports and said operations at the mine – the first modern gold mine to open in the North African country – were continuing as normal.
Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on track, according to the World Bank’s latest report.
The Royal Canadian Mounted Police (RCMP) have appointed a special "diamond cop" to combat the smuggling of gemstones and precious metals as the illegal trade flourishes on the back of demand from drug dealers.