Zimbabwe banks told not to process Zimplats exports

Zimbabwe's central bank has ordered the country's banks to stop processing mineral exports by Impala Platinum's local unit, which it accuses of failing to comply with an order to bank locally, a state newspaper said on Friday. A spokeswoman for...

APLNG secures $8.5bn in finance

ASX-listed Origin Energy and its joint venture (JV) partners ConocoPhillips and Sinopec have secured an $8.5-billion project financing facility for the Australia Pacific liquefied natural gas (APLNG) project. The project finance facility was...

McEwen cautions investors about Argentina decrees

TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects. At...

First blast at new Kalahari manganese project

The first blast took place on last week at the new R1.5-billion Kudumane manganese mining project near Hotazel in the Northern Cape.

Mineral Resources Minister Susan Shabangu conducted the official opening of what is the fourth new...

Company Announcement: AngloGold Ashanti Announces Board Appointment

AngloGold Ashanti is pleased to announce the appointment of Mr Michael James Kirkwood as an independent non-executive director to its Board of Directors with effect from 1 June 2012.

Tanzania 2011 gold production up 13%

Tanzania's gold production rose to 40.4 t in 2011 from 35.6 t a year ago after mining companies invested in higher output due to cash in on the rising price of the precious metal, its central bank said on Tuesday. The east African state, Africa's...

SilverCrest Mines lifts earnings, production increases

TSX-V-listed SilverCrest Mines on Tuesday reported a strong first-quarter performance, posting earnings of $6.34-million, or 7c a share, compared with a loss of $2.82-million in the same period last year. The company achieved revenue of...

London copper slips to 4-month low on Greece woes

London copper fell to a four-month low on Wednesday, extending losses to a fourth consecutive session, as investors continued to shy away from riskier assets with the Greek political malaise threatening to plunge Europe into a deeper financial...

Talison Lithium lifts quarterly income by 112%

TSX-listed Talison Lithium has reported a 112% year-on-year increase in third-quarter net earnings to A$8.2-million, or 7.6c a share, as the result of record revenue and increased prices. The Australia-based miner sold 111 896 t of lithium...

Gold to lose more glitter in 2012, says Natixis

With many metals having erased their 2012 gains this month, French bank Natixis failed to paint a much rosier outlook for the rest of the year in its latest quarterly review, calling for gold to average $1 540/oz. Copper, often used to gauge the...

Caledonia lifts q-on-q profit by 420%

TSX-listed Caledonia Mining on Thursday said its quarter-on-quarter net profit skyrocketed by nearly 420% to $7.11-million, while year-on-year profit rose by 275%. Basic earnings a share were 1.4c, compared with 0.27c in the preceding quarter and...

Australia government climbs out of the red with 2012/13 Budget

Australia's government delivered its promised surplus budget on Tuesday, scrapping planned tax breaks but offering more cash to its traditional supporters to deflect attention from scandals that threaten Prime Minister Julia Gillard's grip on...