Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform — report

The Montreal-based company, down 21% following a dive of 17% on Wednesday, were deemed by investors to have overpromised and underdelivered on its exploration results.

Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.

The core teachers’ union of Zimbabwe has demanded the proceeds of diamond sales be spent on their wages and on improving current working conditions.

Botswana is setting out to lower the fiscal burden on resources investors in a charm offensive that separates it from the mining jurisdictions that are currently looking to increase mining taxes.

PMI Gold announced that it has entered into an agreement with Midras to acquire the mining lease to the Company's flagship gold project in Ghana.

Vancouver-based Eastern Platinum was forced to issue a clarification over contained platinum resources at its South African PGM properties following a review by the British Columbia Securities Commission.

The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company after South Africa’s Mineral Resources Minister approved the acquisition by Anglo American.

Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.