MINING.COM

Second quarter diamond exports marginally down

Figures for second quarter rough and polished diamond exports have come in at P6.79 billion, representing a marginal five percent drop from the first three months of the year, Mmegi Business has established.

Mmegi Online | August 7, 2012 | 4:30 pm

Botswana Diamond exports $353 Million in June

Leading diamond producer and budding diamond center Botswana exported $352.6 million worth of rough and polished diamonds in June bringing half-year exports […]

Idex Online | August 7, 2012 | 4:10 pm

Xstrata to create world’s biggest zinc mine

Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.

Cecilia Jamasmie | August 7, 2012 | 12:52 pm

AngloGold Ashanti’s Latin America profit plunges 52%

AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.

Cecilia Jamasmie | August 7, 2012 | 12:52 pm

AngloGold Ashanti wants to buy more small miners

AngloGold’s completion of five small, but high-value-yielding acquisitions over the past four years was expected to add about 700 000 oz/y to its production profile at about two-thirds of the cost its competitors would pay to build new assets.

Frik Els | August 6, 2012 | 8:01 pm

Fatal clash over $80 a month mining wage strains Zambia China relations

A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.

Frik Els | August 6, 2012 | 6:00 pm

After burning fingers in Congo, First Quantum is going big in Zambia

The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.

Frik Els | August 6, 2012 | 3:59 pm

Platinum and palladium continue to move sideways

Unless it mounts a challenge against its $1,500 resistance level, platinum will "stay on loose grounds" and will fail to attract new investment.

Michael Allan McCrae | August 4, 2012 | 10:36 pm

‘Fed up’ gold mining boards to continue hacking top management

“We interpret that lack of capital discipline and stock underperformance has reached a breaking point in the mining sector and we expect further management changes to come.”

Frik Els | August 3, 2012 | 3:19 pm

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First Quantum inks $2.7B refinancing deal

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

Russia’s Nordgold to invest over $360m in Guinea mine

Bank Of America: Oil demand growth to hit zero within a decade

Friedland confident Congo copper mine will be world’s second-largest

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