Roxgold tables initial resource at Yaramoko
Roxgold (ROG-V) is advancing its Yaramoko gold project in Burkina Faso, West Africa, despite lingering questions stemming from an unresolved proxy battle with a group of prominent shareholders.
Africa
Updated: South African police open fire on striking Lonmin workers
VANCOUVER — Police in South Africa opened fire on striking workers at Lonmin’s (LMI-L) Marikana platinum mine Thursday, killing 34 and injuring at least 78.
Barrick looks to sell its African assets
Barrick Gold’s (ABX-T, ABX-N) new CEO Jamie Sokalsky has gotten straight down to business to help lift the company’s stagnating share price through a possible sale of its African unit.
Anglo grabs a stake in Mozambique coal boom
Mining-giant Anglo American (AAL-L, AAUKY-O) looks to have finally secured a slice of the frenzied coal-mining push in the southern Tete province of Mozambique. Anglo had been exploring acquisition options in the area in a bid to lock down a…
Russian billionaire aims for full control of High River Gold
In a story that reads somewhat like a 1980s spy novel, Russian gold miner Nord Gold, the nation’s third-largest gold producer, looks poised to finally gain full control of Toronto-based producer High River Gold Mines (HRG-T). What makes…
Sherritt copes with falling prices, permit delays
Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…
Lucara wrestles with weak diamond prices at Karowe
Though ramp-up appears to be on schedule at emerging producer Lucara Diamond’s (LUC-T, LUCRF-O) fully owned Karowe open-pit diamond mine in Botswana, markets have taken notice that the company is realizing a lower price per carat than it…
Endeavour bids for Avion
Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million deal to consolidate its position in West Africa and grow its expected gold production for 2012 by 50%.
Roxgold rushes initial resource at Yaramoko
VANCOUVER — Vancouver-based explorer Roxgold (ROG-V) continues to advance its Yaramoko gold project in Burkina Faso, West Africa, despite lingering questions stemming from an unresolved proxy battle with a group of prominent shareholders….
Bannerman gets the enviro-nod
Bannerman Resources (BAN-T, BNNLF-O) has received an environmental approval from the Namibian Ministry of Environment and Tourism to develop its Etango uranium project, located on the Namib Desert sands, near the costal town of…
Tough conditions for rough diamonds
Anglo American (AAL-L, AAUKY-Q) reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million carats because of market conditions and a focus on planned maintenance and waste stripping, while De Beers, in which…
Reservoir finding gold in Cameroon
Early stage exploration results from Reservoir Minerals (RMC-V) were strong enough to capture investor’s imaginations of a big find in Cameroon.