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Results Of Mining Exploration Company’s In Gold Mine In The Republic Of Congo
Plagued by financing difficulties, contract rows, and image problems, Democratic Republic of Congo’s languishing gold projects are failing to cash in on impressive reserves and healthy prices.
Mining News From Global Mining and Steel Summit in NY, Appetite For Risk Rises With Gold Price
As gold prices have surged near $1,000 an ounce, miners’ appetites for geopolitical risk have grown as well.
Delta Mining Interest In Coal Mine and Iron Ore, Plans Listing To Fund Acquisition
Delta Mining Consolidated Ltd., which has interests in coal and iron ore, plans to list on Johannesburg’s stock exchange this year to help fund acquisitions in Africa, Chief Executive Officer Heine van Niekerk said.
Camec in £100m bid for Australian uranium miner
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the [...]
Camec in £100m bid for Australian uranium miner
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the [...]
Congo struggles with mining chaos
Among the biggest challenges Congo’s first elected government in nearly 50 years will face is bringing order to a chaotic mining sector whose riches provoked a regional war that killed millions of people.
Congo’s vast mineral resources are worth an estimated $300 billion over the next 25 years. In the past, though, the earthly riches have [...]
South Africa: Gold Fields Has Eye On Bushveld Platinum
Gold Fields was interested in small opportunities in SA’s platinum-rich Bushveld complex, executive vice-president and head of international operations Terence Goodlace said on Tuesday .
This is not the first time Gold Fields has expressed an interest in platinum. It holds an interest in the Arctic platinum project in Finland, where it brought in North American [...]
De Beers unlikely to raise prices in second half given ‘challenging’ rough market
The world’s largest diamond producer, De Beers, reported a 1% fall in total sales to $3,44-billion for the first six months of 2006 compared to $3,49-billion in the first half of 2005, with the rough-gem market experiencing a “challenging” period.
However, the group said the medium- to longer-term outlook remained favourable, pointing to continued strong consumer [...]
Explorer moves to set up Namibian alliance
Mineral development and exploration company Teal Mining, has signed a memorandum of understanding with EVI Mining and NedCapital Namibia with the aim of creating a local Namibian partnership. Teal Mining is currently focused on properties located in Zambia, Namibia and the Democratic Republic of Congo The TSX-and JSE-listed company has indicated in a statement that [...]
