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Feb 28, 2015
US Mint American Eagle gold coin sales in February were the weakest for the second month of the year since 2007, and down 77% from January, according to data on Friday, as investors eyed the soaring stock markets. The US Mint sold 18 500 oz of gold bullion coins...
Feb 27, 2015
In the marble atrium of the Mammy Yoko hotel in Freetown, manager Nuno Neves has spotted something he has not seen since the Ebola virus struck Sierra Leone nine months ago: foreign businessmen. The Radisson Blu chain opened the four-star hotel in April to cater for...
Feb 27, 2015
The US and five East African countries pledged on Thursday to ease trade flows and set the stage for more US investment, a program that could be extended to other parts of Africa. The agreement commits Tanzania, Kenya, Uganda, Rwanda and Burundi to cooperate with the...
Feb 26, 2015
President Barack Obama on Tuesday, as promised, swiftly vetoed a Republican bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another indefinite period. The US Senate Majority Leader Mitch McConnell, after receiving Obama's...
Feb 26, 2015
South Africa’s Sibanye Gold, which says it wants to expand into platinum, said on Thursday it was not interested in Impala Platinum’s Marula mine. Implats earlier announced on Thursday announced its intention to sell Marula, which produced 78 500 oz of platinum in...
Feb 26, 2015
The World Bank is working with other development finance institutions to raise some $500-million to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the...
Feb 26, 2015
The Zimbabwe unit of London-based Gold mining company Metallon Corporation said it will spend $78.3-million to buy new equipment and expand underground mining to increase production to 150 000 oz of gold this year. Metallon Corporation runs five gold mines in...
Feb 26, 2015
South African retailer Massmart Holdings Ltd reported a 10.4% jump in full-year sales on Thursday as its consumer goods, liquor and home improvement supplies business posted better performance. Massmart, majority owned by Wal-Mart Stores Inc, however, said net...
Feb 26, 2015
Zambia's former mines minister was convicted of corruption on Monday for his role in the award of prospecting licences to a Chinese mining company in 2009. Delivering judgment in the matter, magistrate Lameck Mwale said the prosecution had proved that Maxwell Mwale...
Feb 26, 2015
Mine services group Ausdrill Ltd on Thursday said it was counting on a resurgence in Australian gold mining to offset weakness in its iron ore business after it posted a A$177-million ($139.12-million) first-half loss on the back of A$197-million of impairments....
 
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