Africa & Middle East

William Lamb, CEO of Lucara Diamond Corp. (TSX:LUC), got an urgent call from his chief operating officer, Paul Day, in Botswana at 1:29 am. Monday morning. Lamb called him back at 4 a.m. “He said, ‘Are you sitting down?’” Lamb told Business in Vancouver. “His comment was: ‘Congratulations – you…
Gold Fields deciding Ghana’s mine fate, as bullion prices diveGold Fields said that South Deep mine, bought for $3 billion in 2006, is on course to break even by the end of 2016. Gold Fields (NYSE, JSE:GFI), the world’s seventh-largest bullion producer with operations from Australia to Peru, may place…
Lonmin’s Marikana mine concentrator plant. Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South African company said last month it also planned to raise another…
Education is a clear priority for Angkor Gold. Each academic semester 240 students are involved in programs assisted by the company. BANTEAY, Cambodia: Accessing this village eight hours north of Phnom Penh is daunting on the best of days, not least during the rainy season. On the main artery from…
The mineral exploration and mining sector is pleased that common sense has prevailed in seeing the passage of the China Australia Free Trade Agreement (ChAFTA) through Australia's parliament, according to Association of Mining and Exploration Companies (AMEC) chief executive officer Simon Bennison. “The Federal Labor Party’s support announced last Wednesday…
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