MINING.COM

Nobody knows where the $334 million Zimbabwe sold in diamonds last year ended up

The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance undercover security operations, AllAfrica.com reports.

Cecilia Jamasmie | August 27, 2012 | 7:17 pm

Families left behind after South Africa’s mining massacre

Al Jazeera tracked down some of the grieving family members of the miners who were killed in the Aug. 16 shootings that left 34 dead.

Michael Allan McCrae | August 25, 2012 | 8:53 pm

Nearly 60% of Lonmin’s workers report to work

Troubled platinum miner Lonmin (LON:LMI) said that 57% of its workers turned up for work.

Michael Allan McCrae | August 25, 2012 | 5:46 pm

Gold Fields to miss production target, reviews portfolio

Gold Fields (NYSE:GFI), the fourth-biggest bullion producer, said it will fail to reach its predicted output target of 3.5 million ounces for 2012 and that it is revising its operations to increase the delivery of profits rather than ounces of the precious metal.

MINING.COM Staff Writer | August 23, 2012 | 5:45 am

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Gertler, 38, used his relationship with DRC president Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell them on at great profit."

Frik Els | August 22, 2012 | 6:32 pm

Two massive diamonds in Angola dazzle investors and brighten up local industry

The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.

Cecilia Jamasmie | August 21, 2012 | 12:54 pm

Lonmin strikers given 24 hour reprieve

Only about a third of a 28,000-strong workforce reported for their shifts at Lonmin's Marikana platinum operations in South Africa. The London-based miner said workers who did not show up today would not face the sack – the deadline has been moved to tomorrow (Tuesday).

Frik Els | August 20, 2012 | 7:17 pm

Lonmin to miners: Rock up for work on Monday or you’re fired

The Lonmin violence is "a strike by the poor against the state and the haves" says analyst.

Frik Els | August 19, 2012 | 6:17 pm

Tragedy at Lonmin scaring investors in South Africa

The actual strike isn’t a deterrent to investors. But certainly the inability to get it under control will be of concern, particularly as this is now the third platinum mine that has seen conflict resulting in deaths this year.

Frik Els | August 19, 2012 | 12:49 am

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Strike over job losses compounds South Africa blackout woes

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

South Africa’s Sibanye-Stillwater may restructure loss-making gold shafts

Firestone shares on fire after finding 70-carat diamond in Lesotho

Newcrest sells Côte d’Ivoire project to Canada’s Roxgold in $30 million deal

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