Commodities trader Glencore (glen-l) is looking to combine with Xstrata (xta-l) in a possible all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome, and become a…
Over the last month Great Western Minerals (GWG-T) has completed a joint-venture with the Chinese to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Capetown, and successfully carried out…
Burkina Faso has recently seen more gold mining due to its relatively stable government, favourable geology, modern mining code and attractive fiscal regime.
Perth-based Perseus Mining (PRU-T, PRU-A) has brought its first West African gold mine to commercial production, pouring 35,801 oz. gold in the fourth calendar quarter of 2011 from the Edikan gold mine in Ghana.
Montreal-based Semafo’s (SMF-T, OMX-Q) three operating mines in West Africa are expected to produce a total of between 235,000 ounces of gold and 260,000 ounces of gold in 2012, according to company forecasts.
They say for every mine successfully put into production, 1,000 other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of…
Iamgold (IMG-T, IAG-N) has reported production of 253,000 attributable gold oz. in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production, including the company’s production from discontinued businesses, was…
Kinross Gold (K-T, KGC-N) fell more than 20% after it said it is reviewing its three major advanced gold projects to improve economics, likely causing months of delay and a goodwill write down of the Tasiast gold project in Mauritania.
Vancouver – Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has a two producing mines in West Africa with several advanced projects in the pipeline.
With Kinross Gold’s (K-T, KGC-N) Tasiast project generating some negative headlines lately – to say nothing of the negative momentum of its share price – investors may be thinking that the shine is off the Tasiast gold project and gold mining…
Trying to build a gold mine in a sub-Saharan African country that has never had a modern mine is never an easy task. But the process seems to have been particularly arduous on Axmin (AXM-V).
Caledonia Mining (cal-t, cmcl-l) says total gold production for 2011 more than doubled at its Blanket mine in southwestern Zimbabwe, pushing its stock up nearly 9%.
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