Danakali’s potash project could be a game changer for Eritrea — UN
UNDP says the Colluli potash project has the potential to significantly boost Eritrea’s economy and advance the country’s sustainable development agenda.
After years of debate, South Africa’s ruling party African National Congress rejected Thursday plans to nationalize the country’s mining sector, but voted in favour of higher taxes in the world’s main producer of platinum and chrome.
Gold is the favoured commodity of 2013 with more than 80% of gold executives expecting to see a rise in the price of gold, despite the poor performance of the precious metal in the last two days.
Harmony Gold Mining (NYSE:HMY) announced Thursday it has closed its Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season due to violent demonstrations following the suspension of 578 workers.
BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral in Guinea.
Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in South Africa.