Africa Top Stories

Tanzania’s Magufuli wants central bank to buy gold as part of its reserves

Tanzanian President Magufuli said the central bank should start buying…

Centamin gold output falls 13% in 2018 on decline at flagship mine

The company produced 472,418 ounces of gold at its Egypt-based…

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Dr Caterpillar’s (excellent) prognosis for mining

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar. But what is it saying about the outlook for 2012?

Open season on Kinross: First a downgrade and legal probe, then someone drops $72 million on it

Kinross Gold was taking more punishment on Wednesday morning after its stock was downgraded and US securities litigation firm Holzer Holzer & Fistel announced it is investigating potential violations of federal securities laws by the miner over gold grades at its Tasiast property. Then at 13:30 the stock popped into positive territory after a single trade worth $72 million went through.

‘Botswana diamond mines best in the world’

Botswana Diamonds recently listed on the Aim Market mining sector and says plans are underway to have a secondary listing on the Botswana Stock Exchange. Executive chairman of Botswana Diamonds John Teeling recently had an interview with proactive...

$1billion Ivanplats IPO rumoured

Bloomberg reports that Ivanplats Ltd., an Africa-focused mining company controlled by billionaire CEO Robert Friedland, may seek up to $1 billion in an IPO.