Barrick granted ten exploration licences in Tanzania

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to re-finance the blended company.

There's a strange thing about the fear going through the global mining industry after theCongo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.

Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.

The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.

A mineral usually found at depths of 700 km found ensconced within diamond near Earth’s surface for the first time.

The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.