News

Central Rand Gold has signed a non-binding Memorandum of Understanding (MoU) with Hiria that may result in the sale of its Netherlands subsidiary for $150m.   Central Rand Gold owns mines and prospecting areas around Johannesburg and its Central...

BHP Billiton has cancelled plans to sell its Nickel West business in Western Australia, as the company has failed to find a buyer willing to pay its price.   The decision follows a review by BHP on Nickel West,...

  The first batch of diamond recovered from Ghaghoo mine in Botswana will be sold in February 2015.   Gem Diamonds has announced through an interim management statement last week that it will sell the first 4 028...

  A new diamond recovery technology has been initiated for use in mines in Botswana. The new x-ray transmission (X-RT) technology will now aid in primary diamond recovery in the country.   Karowe Mine, which is located in...

  World third largest gold mining company, AngloGold Ashanti with headquarters in Johannesburg, South Africa has plans of selling some of its mines so as to cut its borrowed debt by US$ 1bn.   AngloGold’s CEO, Srinivasan Venkatakrishnan...

The largest foreign producer of gold in China Eldorado Gold is planning to sell its Chinese mines for $1.5bn.   China National Gold Group, the country's biggest producer of the commodity, is reportedly interested in the deal, as well...

  South Africa’s Gold mining company AngloGold Ashanti is set to unleash a new technology to be used in the gold industry in 2015.   The technology involves the dispensing of conventional drilling and blasting and backfills cavities...