Africa & Middle East

Shares in Roxgold Inc (CVE:ROG) held onto recent gains on Tuesday after the company announced construction has gotten underway at its ultra-high grade Yaramoko project in Burkina Faso.   The Toronto-based junior was changing hands at $0.60, up more than 9% on the Toronto Venture Exchange over the past month,…
After weeks of relentless selling the spot price of iron ore regained its footing on Tuesday on the same day the decline in the value of the steelmaking material claimed one of its most high-profile victim.   The 62% Fe import price including freight and insurance at the Chinese port…
South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) announced Tuesday that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on Saturday, April 4.   The company said production at the mine, which produced 59,093 ounces of gold in 2014, has been…
  Two gold refineries will be constructed in Zambia next year and this will enable the country to export processed gold, Minister of Mines Energy and Water Development Christopher Yaluma has said.   The Minister has added that the government was in advanced stage of talks with investors interested in…
Nigeria is bound to lose an approximate amount of US$ 25bn in the coming one year if they fail to recover from slumping oil prices.   With the oil per barrel price standing at US$ 68.53 currently against June’s US$ 101.64, the loss of revenue would be US$ 33.11 per…
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