African Barrick approves Bulyanhulu expansion

Shares in African Barrick Gold climbed 6% on Thursday as the London-listed miner announced board approval for a $185-million brownfield expansion at its Bulyanhulu mine. The expansion would add near-term production at its flagship Tanzanian mine,...

Top-ranking companies to give main stage presentations

Tanzania’s largest gold miner African Barrick Gold (ABG), exploration company Extract Resources and copper producer Anvil Mining are expected to participate in the main stage presentations at this year’s Investment in African Mining Indaba.

Feasibility study for a new CIL gold plant awarded

Minerals processing and project management company MDM Engineering has been awarded the feasibility study for a 2.4-million-ton-a-year carbon-in-leach (CIL) gold plant, which will treat reclaimed tailings and current-flotation unrefined tailings...

Godsell resigns from African Barrick board

Bobby Godsell has stepped down as an independent nonexecutive director of African Barrick Gold (ABG), to pursue other interests, the London-listed miner reported on Friday. Chairperson Aaron Regent thanked Godsell for his contribution over the...

Infill drilling continues to improve grade profile at Nyanzaga project

Gold producer African Barrick Gold (ABG) reports that more successful intersections on the Tusker gold resource area, within the Nyanzaga project, in Tanzania, have been found following earlier positive results.

Tanzania gold earnings surge to $1,6bn in 12 months to May

A surge in the price of gold saw Tanzania's earnings from exports of the yellow metal increase to 41,6-billion during the year ended May 31 from $1,4-billion during the corresponding period in 2010.

More mining tax, royalty hikes 'inevitable' – Control Risks

More governments in Africa and elsewhere, especially newly elected ones, will likely look at raising mining taxes and royalties amid historically high commodity prices, Control Risks senior analyst for Africa Thomas Wilson said in an interview....

MDN seeks 'strategic partner' on Quebec project

TSX-listed junior MDN has hired PricewaterhouseCoopers Corporate Finance to advise the company in its search for a strategic partner on the Crevier niobium/tantalum project in Quebec. PwCCF will help identify potential partners to help develop...

Resources Watch

This week: Foreigners snap up Royal Bafokeng Platinum shares; African Barrick looking in west, north-east Africa for potential M&A; and, AngloGold Ashanti CEO says it's 'on the cusp of a 100-year mining change'.

As gold price keeps upward trend, miners settle for organic growth

Despite dubbing it ‘the ultimate bubble’, billionaire George Soros is reportedly continuing to hold gold. The hedge-fund legend - whose Soros Fund is said to hold a $645-million in gold - has made his “gold is the ultimate bubble” comment...

Partnership 
secured for Rongo goldfield project

Canadian explorer African Queen Mines has entered into an earn-in and joint-venture (JV) agreement with Kenya-based miner Abba Mining Company covering the exploration, development and exploitation of the Rongo goldfield project, which has been...

JP Morgan part exercises African Barrick over-allotment

JP Morgan Securities, which acted as stabilising manager for African Barrick Gold (ABG)'s initial public offering last month, part exercised the over-allotment option in respect of 5,76-million shares in the company, ABG said on Monday. The...