AFRICA

Will South Africa's unions kill its mines?

Thursday , 02 Sep 2010
Increasingly aggressive stances by unions are creating havoc in South Africa. At Northam Platinum, the union's "demand" of 15%, is in reality a ferocious 27%.

Australian miners should take a stronger social approach in Africa - Coffey

Thursday , 02 Sep 2010
The mining consultancy says Australia's operators should develop a more inclusive approach in their dealings with their African partners to help deliver an increasingly socially workable environment.

Gryphon's Parsons reckons gold bull market has only just begun

Thursday , 02 Sep 2010
Gryphon Minerals looking to West Africa as its MD reckons gold is set to continue its upwards path.

Uranium price rise expected as Extract moves ahead with Rossing South

Thursday , 02 Sep 2010
As Extract progresses the big Rossing South (Husab) project in Namibia the prospect is for rising uranium prices ahead.

Chalice Gold looking for 2-year payback on Eritrean gold mine

Thursday , 02 Sep 2010
The Western Australian explorer is upbeat about the potential of its Koka gold project in Eritrea, citing a target cash cost of US$338 per ounce.

Coal of Africa may resume production at Vele by Q4 2010

Thursday , 02 Sep 2010
The coal miner said it has made progress toward rectifying the environmental issues that have plagued the colliery.

Investors put $155 per share cap on BHP's Potash Corp bid

Thursday , 02 Sep 2010
According to a Reuters poll of 26 BHP shareholders, on average they felt that any offer above $155 would make the deal "prohibitively expensive".

Equinox to look beyond Zambia for expansion

Thursday , 02 Sep 2010
The Perth-based copper miner Equinox Minerals has started a quest for additional acquisitions now that the Lumwana copper project in Zambia is bedded down.

Sundance to make key decision on Mbalam iron project by year-end

Wednesday , 01 Sep 2010
The miner that lost its entire board in a plane crash earlier this year said it is still on track to achieve important project milestones by December

Discovery Metals to start Boseto copper/silver project construction in Q4

Wednesday , 01 Sep 2010
Construction should start up on Discovery Metals' big Boseto copper/silver project in Botswana in the fourth quarter.

Australian investment into Africa continues to grow

Wednesday , 01 Sep 2010
Australia's Department of Foreign Affairs and Trade got the three-day Africa Downunder Conference in Perth off to a diplomatic start by pointing to the growing number of Australian companies venturing into Africa.

Shabangu puts global markets on notice

Wednesday , 01 Sep 2010
South Africa needs to conduct its mining industry differently and wants value-added mineral operations to help lift the country's mining performance

Dog days in the DRC

Tuesday , 31 Aug 2010
International incidents: further detalis on the anatomy of the storming of First Quantum by the Congolese and their friends.

Gold and the forex market

Tuesday , 31 Aug 2010
A look at the relationship between the yellow metal and currency markets and why it is important to know how much gold is in Fort Knox

Exxaro to try and end wage strike

Tuesday , 31 Aug 2010
The South African miner says is has planned new talks with the National Union of Mineworkers to try and end a strike that began on August 23

ARM reports 26% drop in FY earnings, confident for year ahead

Monday , 30 Aug 2010
The South African, diversified miner said its numbers were hit by the strong rand and lower metal prices but said it remained confident of strong demand from China, Brazil and India going forward

How will gold perform in a double-dip recession?

Saturday , 28 Aug 2010
As the U.S. economy heads for a double dip it will likely try and inflate itself to avoid a depression. Meanwhile major economies are already diversifying out of the dollar.

Vale and ARM start new Zambia copper mine construction

Friday , 27 Aug 2010
Construction on the new $380 million Konkola North copper mine in Zambia owned 50:50 by Vale and ARM commenced this month

First Quantum 'relieved' of two more Congo copper mines

Friday , 27 Aug 2010
First Quantum has been given 24 hours to withdraw from its Frontier and Lonshi properties in the DRC, following the Kolwezi tailings debacle.

Africa's Top 100 Gold stocks: The search for the next Red Back is on

Friday , 27 Aug 2010
The huge premium built into the USD 7.1bn takeover of Red Back unleashes an African treasure hunt.

Bakubung in court victory

Friday , 27 Aug 2010
As legal fees continue soaring, Musa Capital and the Bakubung Traditional Council have been ordered by the High Court in South Africa to answer a litany of questions posed by a provincially appointed administrator

Cluff's 2.45Moz Baomahun gold project moving towards mid-2011 BFS

Thursday , 26 Aug 2010
The Baomahun gold project in Sierra Leone is making great progress towards a 2011 bankable feasibility study (BFS).

Is silver finally breaking through key resistance at $18.50 per ounce?

Thursday , 26 Aug 2010
Silver breached the $18.50 level today but will the move prompt further increases or another fall back?

Impala Platinum announces 22% drop in FY profits

Thursday , 26 Aug 2010
The platinum miner said its results were hit by slack demand for the precious metal but, added it exects to see a slow recovery this year

New tantalum discovery for Noventa in Mozambique

Wednesday , 25 Aug 2010
A new tantalum discovery on the company's Marropino licence area has given shares in AIM-listed Noventa a boost.

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