MINING.COM

Elemental to Raise $1.7 Billion Next Year to Mine Potash

Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.

Bloomberg News | February 20, 2012 | 8:01 pm

Caledonia gives 51% of Blanket to indigenous Zimbabweans

Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price will be paid to Caledonia from future Blanket dividend payments.

MINING.com Editor | February 20, 2012 | 7:47 pm

Sudan exports 7.2 tonnes of gold in first 6 weeks of year

As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year.

Mineweb | February 19, 2012 | 11:27 am

Union says Impala Platinum to rehire all strike-dismissed miners

World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations

Mineweb | February 18, 2012 | 4:27 pm

Sundance shares plummet on further takeover delays

Sundance Resources said Thursday approvals for its Mbalam project are only likely to come in 2 months, further delaying a $1.4bn bid by Hanlong.

Mineweb | February 16, 2012 | 7:19 am

Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year

Goldcorp reported fourth quarter gold production of 687,900 ounces at a total cash cost of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before working capital changes of $831 million.

CNW Telbec | Mining/Metals | February 15, 2012 | 11:00 pm

First Uranium needs to offload 150,000+ oz yearly gold production by June to stay afloat

Rising costs could make any interested buyer baulk at the idea though. Cash costs in South Africa at its Ezulweni mine has rocketed to $2,143/oz and were up 20% at Mine Waste Solutions although at $613/oz there you could still turn a profit .

Frik Els | February 15, 2012 | 10:00 pm

Report says Mugabe’s police running diamond mines

A report published this week by Global Witness, an international human rights group, says that companies mining the controversial Marange diamond fields in Zimbabwe have senior personnel drawn from security forces loyal to President Robert Mugabe.

Andrew Topf | February 15, 2012 | 9:00 pm

Death of DRC mining go-to guy will reshape country’s resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Frik Els | February 14, 2012 | 12:42 am

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South Africa’s Transnet hopes to re-open one closed coal export line on Saturday

Lucapa Diamond locks in Mothae mine funding

First Quantum Minerals to let 2,500 workers in Zambia go over tax hikes

Zambia tax hike to make most mines unprofitable, group says

Zambia tax authority clears Gemfields’ Kagem mine of tax evasion

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