Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive. In the wake of the March 2011 Fukushima disaster, Japan closed its nuclear reactors, which …

The government’s surprise announcement that it will build its own desalination plant has not dissuaded French uranium miner Areva that its Erongo Desalination Plant may in fact not be a good buy. This follows protracted negotiations between the two parties for the sale of the desalination plant. The Minister of …

Vale has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. The sale of Vale’s …

An Australian company with a stake in one of Botswana’s best copper discoveries this year says it wants to get to a final decision to start a prefeasibility study before the end of the year. The company’s representative also told delegates at an Australian mining conference that the Botswana government …

Dual listed Tawana Resources has moved to acquire a second lithium project, with the company entering into an agreement to acquire the mining rights to the Uis pegmatite tailing stockpile in Namibia. The Uis project consists of some 20-million tonnes of stockpile derived from one of the largest pegmatite tin …

ASX-listed Marenica Energy and fellow-listed Deep Yellow have inked a technology licence agreement that will see Marenica provide its U-pgrade technology to develop the Tumas uranium project, in Namibia. Marenica’s U-pgrade technology could potentially deliver significant project and operating cost savings at Tumas, and the two parties have agreed to …

ACCRA – Stakeholders in Ghana’s mining industry here on Tuesday underscored the need for a new mining law for the country to replace the existing Act 703. “We have displaced more than 60 000 landlords who have many dependants yet have nothing substantial to show for the extreme suffering mining …

The upcoming Electra Mining exhibition in September this year once again offers the mining industry an opportunity to meet its suppliers and vice versa. Renttech South Africa will be exhibiting – among its welding, generators and lifting/rigging ranges – its Unilift brand of lifting equipment. Specifically, the company will be …

South Africa’s National Treasury denied Eskom’s request to extend a short-term coal-supply contract for the Arnot power plant with Gupta family-controlled Tegeta Exploration and Resources, the electricity producer said. Four companies including Tegeta are providing the plant with coal until long-term suppliers are named at the end of September, Khulu …