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Africa
South Africa faces sixth day of blackouts as Eskom stumbles
South Africa’s state-owned power utility will implement controlled blackouts for a sixth straight day to prevent a total collapse of the electricity grid amid...
Tanzania sets measures to curb illegal gold exports
Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts...
Bristow taking Barrick helm aids talks, Tanzania AG Says
Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by...
De Beers, Botswana to expand world’s richest diamond mine
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess’ subsidiary CIMIC a $1.2-billion contract to...
Platinum and Palladium: A New Age of Bullion
When you think of investing in precious metals, you probably think about gold and silver. It makes sense. These metals have been widely accepted as currency and...
Palladium strikes record high on supply squeeze; gold gains
Palladium prices surged to a record on Tuesday, bolstered by worries about shrinking supply of the auto-catalyst metal, while gold rose on expectations that...
Rwanda aims to sell stake in cement firm
Rwanda's government aims to put its 49 percent stake in the country's biggest cement maker, Cimerwa, up for sale this month, the prime minister...
Gold inches lower as firm dollar offsets falling equities
Gold inched down today, after rising about 1 percent in the previous session, as a firm dollar offset support from fading appetite for riskier...
Petra Diamonds shares jump after another discovery at Cullinan
South Africa’s Petra Diamonds (LON:PDL) has found a 100.83 carat gem-quality diamond at its iconic Cullinan mine in South Africa.The D-colour, Type II diamond follows the...
Tanzania threatens Acacia Mining of a possible shutdown over water pollution
Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a...
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