Harmony Gold on track to meet output guidance

Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.

Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.

They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.

The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.

The 11.88-carat diamond was recovered from the North zone of the Mothae diamond mine.

The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years.

As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.