Zimbabwe sees no radical change for platinum, diamond ownership

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.

Pan African Resources (LON:PAF) has successfully concluded months of negotiations and has now entered into a deal with Harmony Gold to buy the operating Evander gold mine in South Africa. The acquisition will double Pan African's annual gold production to approximately 200,000 ounces.

De Beers released the 2011 Report to Society, in which Chairman Nicky Oppenheimer, summarized the efforts of the diamond company and its contributions towards the cause of beneficiation.

If South Africa was to realistically achieve the objective of lowering its carbon emissions, the southern Karoo’s shale gas deposits had to be thoroughly investigated, Econometrix MD Rob Jeffrey said on Tuesday.

Canada’s third main gold miner Kinross Gold (TSX:K) is selling its stake in the Crixas gold mine in Brazil, to South Africa’s AngloGold Ashanti for $220-million.

John Hick, lead independent director of First Uranium Corp, described demands from Olma Investment Group and other dissident shareholders received by the company Tuesday as "unrealisic".

Botswana Diamonds has been awarded an additional 262.6 square kilometre prospecting license for the precious gems in the Africa country for an initial period of three years, after which it can be renewed for two additional periods of two years each.

A meeting of top South African mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.