Posts Tagged ‘africa’

Gold miners are rushing to boost their dividends in the hope of wooing investors from gold-linked exchange-traded funds and other vehicles. In the latest move, Iamgold, a mid-sized producer with mines in west Africa, Canada and Suriname, announced a 25... Full story

After prodding from the TSX Market Surveillance department, Oromin Exploration (TSX: OLE) acknowledged it was in talks with a suitor that might lead to a takeover. Full story

Toronto’s Iamgold has sold its Mupane Gold Mine in Botswana to TSX-V-quoted junior Galane Gold for $34-million in cash and shares, the company announced on Wednesday. Full story

* 2011 output to fall 'just short' of 700,000 ounces * Previous estimate 700,000-760,000 gold ounces * Installs diesel generated back-up power at Buzwagi mine (Adds details) LONDON, Dec 9 (Reuters) - African Barrick Gold said it will fall short of its... Full story

London, U.K. - If you ask Mark Bristow what it takes to build a successful gold mining company in Africa, he'll start by telling you what it doesn't take Full story

It is a sad but indisputable fact that in today’s mining industry there are countries that still allow labour practices that belong in Dickensian England rather than a modern economy. Full story

Gold Fields Ltd., the fourth-biggest producer of the metal, said Ghana’s plan to raise tariffs on mines and introduce a windfall tax could force it to halt expansion projects worth $1 billion in the country. Continue reading at Bloomberg Full story

Speaking in an interview with MiningWeekly , CEO Mark Bristow said he expected deal making in the junior gold space to continue, as funding sources dry up. MINING.com suggested last month that junior and mid-size players start buffing up their projects: Standard Chartered has estimated that the world’s six largest mining companies will amass $144 billion in cash over the next two years and ... Full story

Kenya is set to join the league of gold-producing nations following the granting of the first mining lease to UK company Goldplat. The East Africa country, where numerous foreign companies have prospected for gold over the years, has issued a 21-year... Full story

Mining Weekly reported that China National Coal Group will use a special cooling technology developed at a gold mine for its coal mining operations. Continue reading.. Full story