MINING.COM

Riverstone Resources and Blue Gold Mining merge in a $30 million deal

Vancouver-based Riverstone Resources signed Thursday a deal to acquire Blue Gold Mining, in an all-share deal valued at $30.3 million, which will allow the new company to strengthen its exploration and near-term production activities at properties in West Africa.

MINING.COM Staff Writer | October 18, 2012 | 4:55 pm

Firestone opens new tender facility at Belgium’s Antwerp World Diamond Centre

Firestone Diamonds (LON:FDI) announced Thursday that it has partnered up with First Element Diamond Services and opened a new tender facility at the Antwerp World Diamond Centre, in Belgium.

Cecilia Jamasmie | October 18, 2012 | 1:27 pm

The richest man in history amassed a $400 billion fortune mining gold and salt in Africa

Adjusted for inflation of course.

Frik Els | October 17, 2012 | 11:05 pm

Former American real estate brokers find gold fortune in Ghana

Two former American real estate agents headed to the gold-rich West African jungles of Ghana to find a way to pays their debts, which exceeded $1 million.

Cecilia Jamasmie | October 17, 2012 | 2:46 pm

Standard and Poor’s cuts Anglo American’s outlook to negative

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.

Cecilia Jamasmie | October 17, 2012 | 1:55 pm

Gold Fields issues ultimatum to 15,000 striking miners

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Cecilia Jamasmie | October 16, 2012 | 6:58 pm

Ivanplats raises $305 million in biggest global IPO since Glencore

Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.

Cecilia Jamasmie | October 16, 2012 | 5:22 pm

Analysts warn miners of coup d’état risks in Mauritania

Mining companies with interests in Mauritania will face some challenges, but no major disturbances in the event of a coup d'état in the northwest African country, whose President was shot and flown to France for medical treatment on Sunday, say analysts.

Cecilia Jamasmie | October 16, 2012 | 4:18 pm

African countries risk harming own economies by seeking short-term mining gains: CEO

African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow.   

Cecilia Jamasmie | October 16, 2012 | 3:33 pm

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Firestone Diamonds halts Liqhobong mine expansion plans, limits losses

AngloGold approves underground expansion of Tropicana mine

Bell tolls for gold mine that once powered South African economy

African mining firms seek charter changes over past black ownership deals

South Africa’s Sibanye-Stillwater will consider changing primary listing

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