MINING.COM

Investors cheer Barrick’s plans to sell African Barrick to China

Barrick Gold was trading up 3.8% in heavy volumes in Toronto and African Barrick Gold shot up 8% after Barrick confirmed that it is in early talks with China National Gold Group regarding its 74% holding in ABG.

Frik Els | August 16, 2012 | 4:38 pm

China’s expansion a risk for Western mining interests in Africa

China's rapid expansion in the African continent brings both risk and peril to Western mining companies operating in the region.

Marc Howe | August 16, 2012 | 12:15 am

Nobel laureate to Africa’s new resource rich: You’ll probably end up poor

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.

Frik Els | August 14, 2012 | 10:09 pm

South Africa platinum mine death toll reach nine as rival unions clash

A nightshift policeman hacked to death during clashes between rival unions brings to nine the number of fatalities at Lonmin's platinum mine in the North West province of South Africa.

Frik Els | August 13, 2012 | 3:59 pm

South Africa’s third wealthiest man owes the taxman $250 million

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

Cecilia Jamasmie | August 12, 2012 | 4:18 pm

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana.

Cecilia Jamasmie | August 11, 2012 | 1:15 pm

Randgold posts record production from its Mali mine despite unrest

Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold output.

Cecilia Jamasmie | August 9, 2012 | 5:31 pm

Glencore gets a bigger piece of the iron ore pie with Bellzone’s output offtake

Shares of iron miner Bellzone were on the rise this morning after the company agreed to sell all of its share of output from the Forecariah mine in Guinea to commodities trading giant Glencore.

Cecilia Jamasmie | August 9, 2012 | 2:16 pm

Two kilometres down South Africa’s deepest mines: life

Scientists continue to plumb the earth's most extreme environments looking for signs of life and wondering what it might say about the possibility for life elsewhere.

Michael Allan McCrae | August 9, 2012 | 5:09 am

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‘Bubble’ warning sounds over 2019’s hottest commodity

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

Barrick-Newmont merger would leave up to $7B of assets up for grabs

De Beers consolidates Canadian, South African assets

Steinmetz stages Guinea comeback in Sarkozy-brokered deal

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