MINING.COM

Investors flee Centamin after Egyptian court annuls gold concession

The Alexandria-based company tried to pour cold water on the reports and said operations at the mine – the first modern gold mine to open in the North African country – were continuing as normal.

Frik Els | October 30, 2012 | 6:22 pm

New oil, gas and mineral discoveries boost African economies growth — World Bank

Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on track, according to the World Bank’s latest report.

Cecilia Jamasmie | October 30, 2012 | 10:33 am

Xstrata shareholders caught in ‘prisoner’s dilemma’ Could Anglo or Vale free them?

Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside Glencore.

Frik Els | October 29, 2012 | 7:33 pm

Anglo American Platinum offers bonus to bring back miners

South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship allowance” if they return to work by Tuesday morning.

Cecilia Jamasmie | October 29, 2012 | 5:03 pm

Newmont recognized by Carbon Disclosure Project for third consecutive year

Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.

Company's Press Release | October 29, 2012 | 1:59 pm

Police fire rubber bullets to disperse clashing union workers in South Africa

Unrest in South Africa has cost the country R3.1bn (US$350 million).

Michael Allan McCrae | October 27, 2012 | 9:39 pm

Mean reversion: Kloppers says iron ore is back to being a volume game, get used to it

The opportunities that lie ahead will be volumetric as opposed to price-based

Frik Els | October 26, 2012 | 9:31 pm

Cynthia Carroll yields to pressure and leaves Anglo

Where there is smoke… After several reports of Anglo American’s (LON:AAL) shareholders disappointment at both the company’s overall performance and her CEO, Cynthia Carroll, she has finally left the company.

Cecilia Jamasmie | October 26, 2012 | 4:09 pm

African Barrick Gold sinks on disappointing Q3 results

Shares in London-listed African Barrick Gold (LON:ABG) were falling by over 4% on Friday after rising costs and dipping production impacted the miner’s Q3 profit.

Cecilia Jamasmie | October 26, 2012 | 2:35 pm

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Uganda seeks again to redevelop defunct Kilembe copper mine

Iron ore prices shift structurally higher on Vale woes

Eldorado begins commercial production at its first Canadian mine

AngloGold to comply with South Africa mining rights directive

West Africa — an emerging gold exploration investment hotspot

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