Africa

Drilling at Ivanhoe's Platreef project in South Africa. Source: Ivanhoe Mines

‘Unprecedented’ hit at Flatreef PGM deposit

A 90-metre intersection of 4.51 grams per tonne of platinum, palladium, rhodium and gold — plus 0.37% nickel and 0.20% copper — at Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Flatreef deposit in South Africa has reignited talk of…


Workers at Platinum Group Metals' WBJV1 platinum project in South Africa. Source: Platinum Group Metals

Platinum Group Metals faces cash shortfall at WBJV1 project

Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) suffered a major blow late last week when Africa Wide Mineral Prospecting and Exploration announced that it would not be funding a US$21.8 million cash call for its 26% share of the WBJV1 platinum…


Processing facilities at African Minerals' Tonkolili iron-ore mine in central Sierra Leone. Source: African Minerals

Timis’ African Minerals moves fast in Sierra Leone

African Minerals (LSE: AMI) has accomplished a lot in four years, moving its flagship Tonkolili iron ore project in Sierra Leone from exploration to production, and achieving its target export run rate of 20 million tonnes per year during the…


A drill rig at Platinum Group Metals' Waterberg project in South Africa. Source: Platinum Group Metals

Platinum Group Metals hits milestone

After discovering the Waterberg deposit in South Africa in 2011, Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) has expanded the project’s inferred resource three times in just one year: from 6.2 million oz. platinum, palladium and gold…


Cartoon by JK.

PwC gold study charts new ground

A study on the direct economic impact of gold — commissioned by the World Gold Council — gathers, for the first time, all the evidence of the precious metal’s economic and fiscal contribution, author PricewaterhouseCoopers…


Boart Longyear CEO Richard O'Brien.

Boart Longyear weathers downturn

When Richard O’Brien left his post as CEO of Newmont Mining (NYSE: NEM; TSX: NMC) in December 2012, after five years in the job and seven at the company, he wasn’t ready to “hang up his pick” just yet.


The processing facilities at the Saxendrift mine in South Africa's Northern Cape province. Source: Rockwell Diamonds

Rockwell recovers 100+ct. diamonds

Shares of Rockwell Diamonds (TSX: RDI; US-OTC: RDIAF) climbed after the company found four diamonds weighing more than 100 carats each from its Middle Orange River projects in South Africa’s Northern Cape province.


Drill core at the geologist base camp near Semafo's Mana gold mine in Burkina Faso. Source: Semafo

Semafo impresses with high-grade reserves

VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.



Moroccan state-owned phosphate producer Office Chrifien des Phosphates' Merah-Lahrach washing plant near Khouribga, Morocco. Source: OCP

Western phosphate producers look east for growth

AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…



New Dawn shuts Dalny mine in troubled Zimbabwe

Lower gold prices, operational problems and a two-year delay in approving its indigenization plan has resulted in a “serious liquidity problem” and the closure of its majority owned Dalny mine in Zimbabwe, New Dawn Mining (TSX: ND)…


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