Africa
Australia to feed Ukraine nuclear power plants – Washington DC, US
The contract, said Australia's Foreign Minister Julie Bishop in a statement, will be signed before the Nuclear Security Summit, to be held from March 30 to April 2 in Washington DC, US. But experts question the safety of...
Africa
Diamond dedicated to mothers of Russia – “ALROSA”
Following the meeting of ALROSA's special commission, the Company President Andrey Zharkov signed an order to give to the fact of a gem-quality diamond extraction the name Mothers of Russia. ALROSA recovered a 83.59-carat diamond on February 13,...
Africa
Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania
Kinross Gold (TSX: K)(NYSE: KGC) announced Wednesday it has decided to proceed with the first stage of an expansion of its troubled Tasiast gold mine in Mauritania, which will dramatically increase production and slash costs at project. The...
Africa
Bisie Tin Project, Congo
The Bisie Tin Project is located approximately 60km north-west of Walikale Centre and 180km north-west of Goma, the capital of the North Kivu Province, in eastern Democratic Republic of Congo (DRC). The project hosts two deposits namely the...
Africa
Alecto Minerals strikes JV deal with Randgold for Mali project
Shares in Alecto Minerals (LON:ALO) soared Monday after it announced it had struck a joint venture deal with Randgold Resources (LON:RRS) over the former's Kossanto West Gold Project in Western Mali. Once deal is completed, Randgold would fund all...
Africa
Randgold raises dividend despite profit slump
Africa-focused gold producer Randgold Resources (LON:RSS) said Monday its full-year profit from mining dropped by 11%, hit by a continued weakness in the prices metal, which lost about 10% of its value in 2015 for a third straight annual...
Africa
Option to buy Kyrgyz project lapses
The potential buyers of Orsu Metals Corporation’s Akdjol-Tokhtazan project in the Kyrgyz Republic have not exercised their option to purchase the project before the deadline of December 31. Consequently, the agreement has lapsed and ongoing discussions between the company...
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