International News

Recent reports have indicated that illegal gold miners in Zimbabwe accessing longstanding mines with inexpert tools are risking their lives.   These mines are said to be very unstable in most cases and flooded in some instances, which has inevitably led to a number of deaths over the past couple …

The self-made billionaire and one of India’s richest men, Anil Agarwal has sold his stake in Anglo America. As the biggest shareholder of the mining company, Agarwal is reported to have made US$500M before the costs from the deal. Agarwal, through his metals company, Volcan Holdings Plc, began buying into …

The mining firms have been permitted to pay their utility bills in foreign currency though it is just weeks after the government outlawed foreign currency as legal tender and officially reintroduced the Zimbabwean dollar a decade after it was wiped out by hyperinflation.   Zimbabwe’s Energy and Power Development minister …

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

In order to incentivize gold production in Zimbabwe, an additional payment above the contractual purchase price will be provided by Fidelity as announced. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon …

The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …

Zanzibar Gold has announced plans to acquire Mkuvia gold property, in the Nachengwea area of southern Tanzania, as well as the Fakawi gold property, in the Handeni area of north-central Tanzania. The potential for low-cost extraction of placer gold from part of an extensive gold-bearing placer alluvium at Mkuvia will …

The Sanbrado Gold project being constructed by the West African Resources in Burkina Faso is said to be moving on schedule. West African Resources alluded that the Sanbrado project under construction is on target and is within the allocated budget. The developer further announced that this project is set for …

A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …

The recent joint venture between Barrick Gold and Newmont Goldcorp in Nevada has been announced and that all regulatory conditions required for its completion have been completed. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018, more than three times the …