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Tue,21Nov2017

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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Mining: Zimbabwe's $120,000 daily revenue loss

Photo©ReutersZimbabwe could be losing an estimated $120,000 a day in potential gold revenue, as alluvial gold deposits are being washed away, while government dithers on granting a mining permit.

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Zimbabwe announces accidental gold, platinum deposits find

Photo©ReutersThe Zimbabwean government has announced it has accidentally discovered fresh platinum and gold deposits.

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Ghana - Cote d'Ivoire: A new country, Ghanivoire could weld together West Africa

As the fireworks explode in clusters over the lagoon in Abidjan, the great grandchildren of independence-era leaders Kwame Nkrumah and Félix Houphouët-Boigny clink champagne flutes and move to the dance floor.

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Mining: Africa gold producers wary despite price rebound

Photo©ReutersA steep rise in gold prices may have given hope to a battered mining industry in 2016, but after four tough years producers in Africa are still too wary to call the bad times over.

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Zimbabwe: Introduce gold-backed currency, says U.S. investor

Photo©ReutersAmerican investors have advised Zimbabwe to take advantage of its mineral resources and introduce a gold-backed currency, which could help attract international capital.

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Mining: Eritrea digs deep for jobs

Bisha is a benchmark and “has to be world class,” says the company. Photo©ReutersEritrea's hobbled economy will get a boost when new gold, copper and zinc mines begin production. Despite the commodity crisis, the government is banking on the sector to provide much-needed jobs.

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Gold Fields' Ghana deal may safeguard 2,000 mining jobs

Photo©ReutersSouth Africa's Gold Fields Ltd has finalised a tax and royalties agreement with the government of Ghana which could safeguard its Damang mine, where around 2,000 jobs would be at risk if it is placed under care and maintenance.

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Zimbabwe eyes return to London gold market

File photo©ReutersZimbabwe is intensifying efforts to mobilise gold in excess of 15 tonnes as the country seeks readmission to the London Bullion Market Association (LBMA).

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Mining: End of the supercycle

Photo©Charles O’rear/COrbisMany commodity prices have dropped since 2014 and companies are scrambling to deal with the aftermath and plot a path to long-term growth in African mining projects.

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Mining: AngloGold's Ghana mine partner, Randgold requires investment deal for Obuasi

Africa's top gold producer AngloGold Ashanti said on Wednesday that it would not look for a new joint venture partner for its Obuasi mine in Ghana until it had an investment agreement with the government.

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13 die in Guinea gold mine collapse

File Photo©ReutersAt least 13 people died when an old gold mine they were working in collapsed in eastern Guinea, a local official said on Monday.

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Anglo American to sell more assets and suspend dividends

Anglo American will sell more assets, suspend dividends until the end of 2016 and whittle down its business divisions to three from six in the face of severe commodity price falls, the mining company said on Tuesday.

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Ghana Country Profile 2015: Setbacks on the road to prosperity

altGhana will have an uphill struggle in 2015 as the government tries to stabilise the economy after the rough and tumble of a bad year.

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Sudan Country Profile 2015: Bashir won't back down

altPresident Omar al-Bashir shows no signs of walking away from his powerful position.

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Mauritania Country Profile 2015: Plotting a post-Abdel Aziz future

altAfter winning re-election on 21 June 2014 with 82% of the vote, President Mohamed Ould Abdel Aziz will continue to focus on bolstering his anti-terrorism credentials while seeking to play the mediator in conflicts in the Sahel region.

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Mining: Gold output in Mali could hit 60 tonnes by end-2017

Mali's gold production could rise to around 60 tonnes a year by the end of 2017 as a series of new projects comes online, the West African nation's mining minister said on Tuesday.

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Improved Ghana cocoa production leads to world surplus

File photo©ReutersGlobal cocoa market is likely to record a marginal surplus in the 2015/2016 crop season following improved production in Ghana, it has been revealed.

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DRC's gold mining in troubled times

Photos© Simon Dawson/Bloomberg via Getty ImagesDespite price turmoil, the DRC's low-cost producers are going ahead with projects to boost production

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Interview: The landlord never chases away those who pay the rent - Mark Bristow

Photos© Jason Alden/Bloomberg via Getty ImagesBristow's opposition to changes in the mining code that could discourage investment appears to have paid off. now the head of the London- and NASDAQ- listed miner is looking for new opportunities in the country

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