Tanzania sets up mineral trading centres to curb illegal gold exports

While the world concerns itself with the Syrian civil war and the dangers it poses for the already disturbed Middle East, little notice is taken of the conflicts affecting Africa, probably the single most complex region of the world and arguably its most troubled, warned Tuesday the Centre for Research on Globalization (CRG).

The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.

South Africa’s economy continues to struggle as a consequence of the widespread strikes that have hit its mining sector since August, weighing more heavily on the economy in the third quarter than what economists had predicted.

The company said it has to resume gold exports shortly or it will run out of money to cover running cost at its Sukari mine.

Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.

"Appointing Nhleko as CEO will come out of the blue for international investors."

Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.

As the price of gold has climbed in recent years, many Chinese have flocked to Ghana, the world's second bullion producer after South Africa, hoping to find their way out of poverty.

New Liberty is expected to come on stream in the third quarter of 2014, following a construction phase of 18 months.