Semafo to raise Africa mine capacity

Gold miner Semafo Inc said it plans to raise processing capacity at its Mana property in west Africa by 6,000 tonnes per day following positive drilling results from some of the zones. Semafo, which operates the Mana mine in Burkina Faso, said...

Gold Fields’ credit rating up on diminishing South Africa dependence

Ratings agency Moody's has upgraded the credit status of Gold Fields owing to the gold miner’s diminished dependence on South Africa. Moody’s has changed its outlook for Gold Field's Baa3 rating to positive from stable, opening the way for...

Gold shares will eventually track bullion higher: Barrick's Regent

As gold continues to beat consensus forecasts, analysts will have to change their assumptions, and equities in producers will then likely climb, Barrick Gold CEO Aaron Regent said on Wednesday. The biggest factor holding back the share prices of...

African Barrick Gold plans Tanzania cross listing

African Barrick Gold, which has four gold mines in Africa's fourth largest gold producer Tanzania, said on Wednesday it was planning to cross-list on the country's bourse by the end of this year. The Tanzanian-focused miner, a unit of the world's...

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...

AngloGold reports death of injured worker

A shift boss who was injured in an accident at the Kopanang mine near Orkney just over two months ago has passed away, gold miner AngloGold Ashanti said on Thursday. The worker was engulfed by a rockslide of fine ore during the construction of a...

Development work at Perseus gold mine to start early 2012

ASX- and TSX-listed gold miner Perseus Mining on Wednesday told delegates at the Africa Downunder conference that it was likely to start development work on its Tengrela gold project, in Côte d'Ivoire, by the first quarter of next year. Perseus...

Silver Lake in 'continuous' discussions with takeover parties

Australian gold miner Silver Lake Resources on Tuesday responded to media speculation regarding possible takeover or merger discussions, saying that it “continually assesses strategic options and holds discussions with industry participants”....

DRDGold seeking ‘right’ investors for Blyvoor mine

South Africa’s fourth-largest gold miner DRDGold would only sell its 74%-owned Blyvooruitzicht (Blyvoor) mine if it could attract the “right” investors, CEO Niël Pretorius said on Monday. He said that large corporations have started to...

Beadell declares maiden iron-ore resource, investigates diversification

Emerging gold miner Beadell Resources has declared a maiden iron-ore resource of 209-million tons, grading at 36.1% iron, at its Brazilian mining concession. This maiden resource included a measured and indicated resource of 75.4-million tons, at...

Caledonia back in talks with Zim govt over indigenisation

Caledonia Mining, the Zimbabwean gold miner, on Monday said it has started talks with the government after Indigenisation and Empowerment Minister Saviour Kasukuwere last week rejected the company’s plan to sell shares to locals. “We have had...

'Merger of equals' for Adamus and Endeavour

Gold juniors Endeavour Mining and Adamus Resources have entered into a definitive merger implementation agreement to create a West Africa-focused gold miner, with an production target of 172 000 oz for 2011. The merger between TSX-listed...