Africa




603-ct Lesotho diamond sells for US$12M

South African Diamond (Safdico), the manufacturing arm of London-based jeweller Laurence Graff, paid US$12.36 million for the 603-carat “Lesotho Promise Diamond” found at the Letseng diamond mine in L…






Newmont readies market for shortfalls

Vancouver — The world’s second-largest gold producer, Newmont Mining (NMC-T, NEM-N), has given notice that bullion output from its mines will temporarily decline until it can bring new development pr…



Volta Power Cuts to Hit Gold Mines

Low water levels in the Volta River system have led the Ghanaian power generation agency, the Volta River Authority, to begin a program of load management that includes some power cuts to users, inclu…



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