jueves, 4 de enero de 2018

Endeavour sells its mine in Ghana

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Africa News Digest
Friday 5 January 2018
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The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.

Approval was granted for the Bagassi South gold project, located within the Yaramoko gold mine.

Markets where technology hasn't substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Even though the system has received criticisms, its 54 participants seem committed to making it work.

Rapaport says that following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.

"We are deeply saddened by the passing of two of our colleagues."

Protesters met with authorities but no agreements were reached, so rallies are set to continue.

Major loss for Zimbabwe Consolidated Diamond Company.

The city of Jerada has seen four days of massive protests.

The pair invested approximately $1.9 million in shares in Mhyrre Minerals and Metal SPRL.

With this purchase, Graff Diamonds says it has acquired, cut and polished the majority of the top 21 largest stones of the 21st century.

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

A 2014 Preliminary Economic Assessment concluded that the Lofdal project has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides.

The government says the cleric violated the Mines and Minerals Act.

"We've been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn't clear just how quickly demand will accelerate."

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

East Africa Metals submitted two mining licence applications for sites located in the Tigray National Regional State, Ethiopia.

Glencore's Toronto-listed Katanga Mining subsidiary set to produce nearly a third of world's cobalt, as prices of battery metal more than doubles.

With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.

The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.

Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.

The country's Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.

The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.

Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including bauxite scheme in Guinea.

US Treasury said Gertler has used his close relationship with the country's president, Joseph Kabila, to amass a fortune through corrupt and opaque deals.

The deal is expected to close early in the first quarter of 2018.

If the world's migrant population formed a new nation, it would be fifth largest. What are the top immigration populations, how does this look mapped out?

London court has ordered KCM to pay state mining company $139m in a claim related to copper price, raising by $36m the amount originally ordered to pay.

The global miner said on Monday it would not pay bonuses demanded by its workers in what it called an illegal strike at the Moatize coal plant in Mozambique.

2017 has been a year of excess inventory shifting from the upstream segment of the diamond industry to the mid-stream segment.

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