Zambia targets $1.8bn from small-scale gold mining
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa…
Ghana bans unrefined gold dore exports from 1 September
GHANA’S GoldBod has ordered that artisanal gold dore bought by self-financing aggregators must be refined domestically before export from 1 September, Reuters reported. The…
Master Drilling eyes $1bn pipeline as mining booms
Master Drilling’s share price performance has lagged so far this year dropping from around R18 to current levels around R15 despite what CEO Danie Pretorius describes as a…
Johannesburg is having a gold rush … Sort of
THE last time gold was as valuable, prospectors, gamblers, bounders and other rakes were united in scouring the globe – from California to Johannesburg – with their pickaxes and…
Namibia’s gold rush is intact thanks to Wia, B2Gold
NAMIBIA’S gold industry is entering a defining period. Between now and 2030, billions of dollars in investment, several major discoveries and a fresh government strategy are…
WGC hopes Ghana will weigh its input amid gold reform
THE World Gold Council hoped that its work helping Ghana formalise its artisanal and small-scale gold mining (ASGM) sector would be “taken into consideration” as the West African…
Ghana weighs transfer of Gold Fields’ Tarkwa mine
GHANA is considering handing control of Gold Fields’ Tarkwa mine to local companies when the operation’s leases expire in April, said Bloomberg News on Friday. The potential move…
Is Harmony Gold being unfairly ignored by investors?
IT’S a curious fact of mining that companies talking about projects are often better rated than those actually building them. The unpalatable truth is that the industry has a…
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa’s most valuable strategic metal, and among its most important economically. Of critical raw…
DRDGold moots plan to buy Sasol’s cyanide facility
DRDGOLD CEO Niël Pretorius has highlighted the danger posed to South Africa’s gold producers by shortages of sodium cyanide produced by Sasol which is the country’s only…
Mali decrees tighter control over gold mining sector
MALI’S military leadership has established a ministerial-level position to oversee the mining sector, giving the presidency direct control over the crucial gold industry, said…
Marula Mining plans to build gold refinery in Tanzania
JASON Brewer, CEO of Marula Mining, is the type of mining speculator Johannesburg was built on. But it was in Perth that the UK-born financier cut his teeth, a place where junior…
SA’s newest gold mine summons Joburg’s colourful history
SOUTH Africa’s gold industry has been dwindling for years. Once supplying 83% of all production outside the Soviet bloc, the country doesn’t feature in the global top 10 today.…
Gold industry “screaming out” for consolidation despite price
THE world’s gold industry was still ripe for consolidation although the historic price highs in the metal would present some obstacles. “I suspect over the next twelve months,…
Gains not enough to save Bristow, Barrick’s domineering CEO
IN a rare public criticism of Mark Bristow, Barrick chairman John Thornton said at the London Indaba conference last year that the company had been too reticent in merger and…
Copper 360 investors face dilution as new debt restructure planned
SHAREHOLDERS in Copper 360 are facing the prospect of major dilution after the company said in an announcement on Tuesday it was in talks regarding “the introduction of…
Former Harmony campaigner is Copper 360’s last chance
THE scale of former Harmony Gold CEO Graham Briggs’s job at Copper 360 will become apparent when the junior miner publishes its year-end numbers (to February 28). A trading…
Copper 360 hires former Harmony CEO as seeks scale
COPPER 360 has drafted in gold industry veteran and former Minerals Council vice-president Graham Briggs as its new CEO following a period of leadership turnover. In October last…
Gold industry warned to keep discipline amid euphoria
A GOLD industry executive has warned the sector to retain its technical discipline amid record prices for the metal. Speaking to the Financial Times, Fortuna Mining CEO Jorge…
Cockerill warns West Africa not to follow SA’s mining code
ENDEAVOUR Mining CEO Ian Cockerill has warned West African nations not to repeat the mistakes of South Africa by introducing regulations that will hurt long-term investment.…