Sarama sells gold property in Mali for $A1 million

The firm is also said to have of caused civil turmoil and tensions in the region after introducing armed militia to protect its illegal operation.

The miner believes that while the market is oversupplied now it will tighten from 2018.

Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.

The concept of a government-backed initiative to manage CSR abroad is being looked at by various nations, including Canada and the U.K.

No rally for the red metal in 2015, but all bets are off if China's State Grid Corp finally deploys its $65 billion fixed investment budget.

Despite the government announcement Tuesday that it will push ahead with plans to more than triple mining royalties.

There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.

Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.

If successful the technology could be used to treat many forms of environmental pollution.