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Caledonia progresses revised investment plan at Blanket mine

     Updated 1 hour 24 minutes ago Work that formed part of Aim-listed Caledonia Mining Corporation’s revised investment plan for its Blanket gold mine, in Zimbabwe, would be completed by July. As part of its plan the company planned to develop a tramming loop 750 m below surface, which was now at 384 m. 

Nevsun hikes FY14 earnings

By: Natasha Odendaal     Updated 1 hour 42 minutes ago TSX- and NYSE-listed Nevsun Resources posted earnings a share of $0.47 for the 2014 financial year, a rise on the $0.06 reported in the prior period. As the Vancouver-based mining company reported a substantial rise in revenue from $155-million in the 2013 financial year to $555-million in the... 

Rainbow Rare Earths gets go ahead for Burundi-based mine

By: Megan van Wyngaardt     Updated 1 hour 51 minutes ago Africa-focused Rainbow Rare Earths has been granted a mining licence for its high-grade Gakara rare earths project, in Burundi, by the country’s Ministry of Mines and Energy. Terms for a mining convention had also been negotiated and approved by the government and, once the administration process... 

First tungsten from new Zimbabwe mine June – Premier

By: Martin Creamer     Updated 2 hours 4 minutes ago he first major commercial production of tungsten from a new mine under construction in Zimbabwe is expected in June. The plant for the mine, which is being built in Johannesburg by Appropriate Process Technology, is due for shipment to Zimbabwe on May 11. The RHA project has so far absorbed an... 

First tungsten from new Zimbabwe mine June – Premier
Photo by Duane Daws
George Roach and Martin Creamer

Diamcor earnings drop 36% y/y

By: Megan van Wyngaardt     Updated 2 hours 21 minutes ago TSX-listed Diamcor Mining sold 3 579 ct of rough diamonds in the third quarter ended December 31, generating gross revenue of C$886 843, averaging $221.96/ct. This was a 36% decrease on the 2013 comparative period in 2013, when the company reported selling 3 955 ct and gross revenue of... 

Africa remains on Chinese investment map, despite economic slowdown

By: Megan van Wyngaardt     Updated 5 hours ago China’s investment in African resources remains at a relatively early stage and is likely to increase further over the next decade, despite the economic slowdown in the world’s second-largest economy, reports South African financier Standard Bank. China’s economy grew by 7.4% in 2014, the slowest... 

Africa remains on Chinese investment map, despite economic slowdown

Report forecasts ‘dominant’ role for gas in Africa’s power mix

By: Terence Creamer     Updated 5 hours ago Gas has the potential to account for more than 40% of the electricity generated in sub-Saharan Africa (SSA) from 2020 onwards, a new report by McKinsey & Company shows, adding that, by 2040, gas-fired capacity could be responsible for more than 700 terawatt-hours in the region. The study projects... 

Report forecasts ‘dominant’ role for gas in Africa’s power mix

Potash West gains 25% stake in technology firm, mulls separate listing

By: Esmarie Swanepoel The share price of ASX-listed Potash West fell slightly on Friday as the company raised the possibility of listing a venture that will pursue potash technologies. Potash West has obtained a 25% interest in a lithium technology licensing company, which holds the licence for a unique lithium... 

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