Posts Tagged ‘africa’

JOHANNESBURG, Jan. 30, 2012 /CNW/ – Witwatersrand Consolidated Gold Resources Limited (‘Wits Gold’) and Pan African Resources plc (‘Pan African’), collectively the ‘Consortium’ announced today that they have entered into an agreement with Harmony Gold Mining Company Limited (‘Harmony’) to acquire 100% of Harmony’s interest in Evander Gold Mines Limited (‘Evander’), in a 50/50 joint venture, for a total Transaction consideration of ZAR1.7 billion (C$210 million  1 ) less ... Full story

(All figures in US dollars unless otherwise indicated) MONACO, Jan. Full story

12%) NMDC, the country's largest iron ore mining company, has secured a gold mining lease in the Bulyang'Ombe and Saga Hills area of Tanzania. Chairman N K Nanda said the mine was estimated to be having gold deposits of four tonnes and NMDC would start... Full story

TORONTO, ONTARIO–(Marketwire – Jan. Full story

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse  of the global economy and the resource sector than Caterpillar. The world’s number one heavy equipment manufacturer (NYSE: CAT) delivered record-breaking sales and revenues in 2011 supplying profits of just under $5 billion, up 83% from last year. ... Full story

A new survey out Tuesday shows South Africa’s appeal for mining investment has declined dramatically since 2006. Full story

According to state media reports, Workers at Impala Platinum's Zimbabwean unit have gone on strike in a bid to get the miner to pay for its employees' personal electricity bills Full story

StockMarketWire.com - Randgold Resources' new gold mine at Tongon in Côte d'Ivoire which was nurtured as a project through a civil war and then successfully commissioned in the final quarter of 2010 during the post-election disturbances, represents a... Full story

Bloomberg reports that Ivanplats Ltd., an Africa-focused mining company controlled by billionaire CEO Robert Friedland, may seek up to $1 billion in an IPO. Full story

Impala Platinum Holdings (JSE:IMP), a leading producer of PGM and responsible for 25% of global platinum output, is losing its CEO. David Brown will step down June 30, 2012. In a statement made on Wednesday , the company said that Brown is leaving to pursue his own interests. Full story