MINING.COM

Graff Diamonds IPO should catapult the diamond king up the billionaires list

Laurence Graff, the undisputed king of uber-expensive diamonds, will earn a tidy $290 million windfall when he restructures his Mayfair-based company and will vastly boost his paper wealth when Graff Diamonds lists in Hong Kong for as much as $4 billion.

Frik Els | May 18, 2012 | 8:58 pm

Expat execs in Africa: Without ‘danger pay’ how does the money stack up now?

Africa's economic indicators are all pointing up, but executive pay packages and living arrangements for expatriates are changing too.

Frik Els | May 17, 2012 | 8:00 pm

WDC Honors Oppenheimer

The World Diamond Council has paid a special tribute to De Beers Chairman Nicky Oppenheimer at a gala dinner in Vicenza, Italy.

IDEX Online | May 17, 2012 | 5:00 am

Falling off the supercycle: BHP puts the brakes on capex, stock hits 3-year low

“Where the industry previously lacked investment opportunities and choice, it now has more projects than cash flows. All of us in the industry are having to make choices.”

Frik Els | May 16, 2012 | 6:40 pm

African Barrick Gold to pay more royalties to Tanzania

African Barrick Gold (LON:ABG) has decided to pay the Tanzanian government an extra 1% in royalties, in light of the current gold price environment.

Cecilia Jamasmie | May 16, 2012 | 4:29 pm

Semafo joins 1.5 million oz club; Q1 profits up 54%

Montreal-based Semafo (TSX:SMF) had a good first quarter, producing and selling more gold than in the same time frame last year.

Andrew Topf | May 15, 2012 | 9:29 pm

Zimbabwe Government: No going back on mining fees

The government of Zimbabwe said the new mining licence fees gazetted in January will not be reversed despite calls by the mining industry for the levies to be reduced.

Cecilia Jamasmie | May 15, 2012 | 6:13 pm

Firestone Diamonds recovered three large rocks at Lesotho mine

Junior miner Firestone Diamonds announced today it has found three large diamonds at its Liqhobong mine in Lesotho and that first quarter production at the location was looking up.

Cecilia Jamasmie | May 14, 2012 | 12:12 pm

South African government granted right to appeal in Sishen mineral rights case

A South African court on Friday granted the Department of Mineral Resources and Imperial Crown Trading (ICT) permission to appeal in a complex case for limited rights at Sishen, one of the world’s largest iron-ore mines.

Cecilia Jamasmie | May 11, 2012 | 12:27 pm

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Tanzania to cancel licenses for undeveloped mineral sites

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Strike takes shine off Barrick’s Loulo-Gounkoto production results

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