Emmerson moves forward with Africa’s hottest new potash project

Adjusted for inflation of course.

Two former American real estate agents headed to the gold-rich West African jungles of Ghana to find a way to pays their debts, which exceeded $1 million.

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.

Mining companies with interests in Mauritania will face some challenges, but no major disturbances in the event of a coup d'état in the northwest African country, whose President was shot and flown to France for medical treatment on Sunday, say analysts.

African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow. 



Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

The death of a Chinese gold miner in Ghana as well as the arrest of over 90 of his compatriots and colleagues has triggered a strong response from Beijing.