Rebel fighters from the M23 group in the Democratic Republic of Congo have pushed past Goma, the capital of North Kivu province, to the town of Sake, 20 km to the west, and claim they plan to march to Kinshasa, the country’s capital.
Unrest in the Democratic Republic of Congo couldn’t have come at a worse time for Banro Corp. (BAA-T), whose Twangiza gold mine started commercial production there in September.
The global economic recession caused platinum demand in the car and jewelry sectors to enter a cyclical downturn. However, a substantial supply reduction due to the labour strife in South Africa moved the platinum market from surplus to deficit…
Amara Mining (AMZ-T) has increased the scope and its understanding of the Baomahun project in Sierra Leone.
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit thanks to lower gold production and sales.
Canadian law firm Fasken Martineau is merging with Johannesburg-based Bell Dewar.
Pure-play uranium miner Paladin Energy (PDN-T) has unveiled a plan it says will trim costs by US$60 million to US$80 million over the next two years.
Gold miner Centamin (CEE-T, CEY-L) has run into legal problems at its flagship Sukari operation near the Red Sea in southeastern Egypt.
Mine workers at Anglo American Platinum (Amplats) are going back to work, putting to rest a series of wildcat strikes that all but crippled the South Africa’s platinum mining industry.
Forsys Metals (FSY-T) has updated the resource estimate for its Namibplaas uranium deposit, and says it makes sense to combine its Namibplaas and nearby Valencia uranium deposit 7 km southwest to feed via conveyor a single, optimized process…
Since the beginning of October shares of Kinross Gold (K-T, KGC-N) have fallen by about 15%, but strong third quarter results portend a turnaround is in store, some analysts say.
Hana Mining (HMG-V) may be recouping some recent losses for its shareholders thanks to, well, one of its shareholders.
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