Africa & Middle East

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 Ukraine’s plans to increase nuclear energy production, as most of its plants…
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, 2016, from Yubileynaya pipe. The diamond was extracted by Aikhal Mining and…
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 Canadian miner will spend about US$300 million to boost the mill’s capacity…
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 costs, including the completion of a pre-feasibility study.The company said the…
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 decline. The company said profit for the year ended Dec. 31…
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