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China is now as embedded in the sociopolitical strata of the DRC as the diamonds are in its soil. It’s a strange relationship, compared to those that have gone before, a new paradigm, and – depending who you talk to here –
Full story...Liquidation of assets by cash strapped hedge funds dominated capital markets last week and base metals were not immune. Copper lost US$800 a tonne over the first four days before lurching down another US$800 on Friday to close
Full story...Yet another discovery by Petra Diamonds, this time at its Cullinan mine hogged the limelight on the African mining scene as the week opened while the government of Burundu appetised nickel sector investors by announcing that the
Full story...The savagery of the bear market was unabated this week, and finding stocks that enjoyed an up week to any significant extent was next to impossible. Instead, indiscriminate selling was the order of the day. The majors were
Full story...We have all heard enough about how bad the financial situation is. There is no question that the markets are in a terrible mess. The U.S. credit crisis is serious, it is spreading, and it’s not going to get better over night. The
Full story...Mozambique is a great place to go on holiday. The beaches are long and sandy, the sea is warm, the snorkelling is stupendous, and the sun shines brightly enough, even in wintertime. What’s more, following two decades of civil war
Full story...When we last wrote about AIM listed Chromex Mining a year ago the company was going through a very frustrating time awaiting the outcome of a dispute with the South African Department of Mines & Energy over rights to the
Full story...Over the past couple of weeks here at Minesite we’ve had plenty to say about the legal comings and goings over the partially disputed Marampa iron ore project in Sierra Leone. The convoluted three way argument between African
Full story...What do you do if you’ve hijacked a ship containing 33 state-of-the-art Russian T-72 tanks? No, this is not a note-to-self from thriller-writer Jack Higgins, this is the question that faced a gang of Somali pirates who struck it
Full story...“The key question”, reads a recent broker report on Aricom, “one that is difficult to answer with certainty at this stage”, but that’s “driving the outlook for the company, is the level of capex inflation”. Aricom addressed that
Full story...Things appear to be falling apart for Central African Gold’s Zimbabwe gold operation, Falcon Gold, as output of the precious metal from stood at a mere 85 kgs for the period January to June this year. This pathetic figure is in
Full story...You’ve got to hand it to the management of Serabi Mining: they’re not hunkering down in bomb shelters while an irate City rains down heavy ordinance upon their heads. On the contrary, following the company’s disastrous news that
Full story...The sheer brutality of a bear market is writ large in the performance of Sunkar Resources which raised £36 million in June prior to listing on AIM. The price paid then was 120p per share: now the shares cost 24p. And nothing
Full story...Over dinner in an excellent Chinese restaurant in Kinshasa – the Chinese have brought more here than railways – discussion of the recent announcement of an imminent end to the government’s review of the DRC’s mining contracts
Full story...I am genuinely proud of the fact that when I was Chairman of the Association of Mining Analysts we held two gold seminars at which the much reviled Gold Anti Trust Action Committee (GATA) spoke. What they said about the gold
Full story...
EurOmax Intersects 235 Metres at 1.1 G/T Gold and 120 Metres at 0.86 % Copper Equivalent
Rambler Intersects High Grade Gold, Copper and Zinc at the Ming Mine: Including 8.70 Metres of 30.93 g/t Gold, 2.14% Copper and 7.98% Zinc
