Africa

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…


A rough diamond at the Harry Oppenheimer House in South Africa. Photo by Anglo American

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.



The processing plant at Paladin Energy's Kayelekera uranium mine in northern Malawi. Photo by Paladin Energy

Paladin Energy turns the corner

Two months of unplanned shutdowns to upgrade its plant and complete remediation work due to land movement at the Kayelekera open-pit uranium mine in Malawi have not stalled production for junior Paladin Energy (PDN-T), as it increased…



Anglo grabs a stake in Mozambique coal boom

VANCOUVER — Mining-giant Anglo American (AAL-L) looks to have finally secured a slice of a frenzied coal-mining push in the southern Tete province of Mozambique. Anglo has been exploring acquisition options in the area in a bid to…



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