Africa

Gemfields swings to profit as it reopened mines

Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged.  The company, which returned to the London Stock Exchange’s…


What’s really driving aluminium prices

The West African nation of Guinea is often referred to as the ‘Saudi Arabia’ of bauxite since it produces about 23% of the world’s supply of the commodity—second only to…




Lucara approves $514M Karowe mine expansion

Lucara Diamond (TSX: LUC) has announced that its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040.  The Vancouver-based…









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