Prospect Resources picks advisor for sale of Zimbabwe mine

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday.

African gold miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand.

The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.

Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday.

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

The world’s largest gold miner hopes to reach an agreement over claims against its subsidiary and the country’s current ban on mineral concentrate exports.

Partnership Africa Canada says the gold was one of the first legal gold purchases from the DRC.

Appeal hearing planned for March 2018.