New Dawn Mining Corp. reported that it has determined to suspend gold production at the Turk Mine in Zimbabwe and place the mine on temporary “care and maintenance” effective October 3, 2008. This action was taken as a result of the continued non-payment of amounts receivable for the sale of gold to the Reserve Bank [...]

HTX Minerals Corp announce that it has entered into a strategic alliance with Impala Platinum Holdings Limited, the world’s second largest primary platinum producer. The alliance will focus on PGE-Nickel exploration in Ontario, Canada.
Under the terms of the strategic alliance agreement, Implats will fund $900,000 towards HTX’s Nickel-Copper-PGE Ontario project generation activities over three years. [...]

South African Reserve Bank governor Tito Mboweni said the price of oil is unlikely to drop any time soon, hampering efforts to contain inflation and adding to pressure for higher interest rates.
“On the inflation picture, what is of serious concern is that it doesn’t seem like oil prices are going to be of assistance to [...]

Caledonia Mining Corporation is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited (”Eersteling”) in South Africa by a private Canadian company for C$3.81 million.
The offer is to be settled in cash on or before July 31, 2008 and a refundable [...]

UGANDA is endowed with over 50 minerals, ranking it among the countries in Africa with the biggest number of minerals, the assistant commissioner in charge of geology has said.
“Uganda’s metallic and non-metallic minerals are over 50 in number. But there are many unknown minerals whose existence shall be made known after completion of the two [...]

PARLIAMENT last week enacted the Petroleum Act that provides for the establishment of the Petroleum Regulatory Authority, which would oversee the operations of the industry and eliminate pricing distortions.
President Mugabe has since assented to the Act although it is yet to come into force.
However, it is hoped the new statute would bring sanity into the [...]

BINDURA Nickel Corporation Limited managing director Mr Fred Moyo has resigned.
The company’s spokesperson, Mr James July, confirmed the resignation.
“Yes, it is true that Mr Moyo has left the company, he wants to pursue his personal business,” said Mr July.
BNC technical director Mr Thomas Mashungupa will fill the hot seat, pending the appointment of a substantive [...]

PRESIDENT Robert Mugabe’s refusal to sign Exclusive Prospecting Orders (EPOs) will hamper growth and further reduce foreign currency inflows into the country, analysts and mining experts said.
They said Mugabe’s decision would damage the mining sector, one of the few sectors still accounting for the few receipts trickling into the foreign currency market and accounting for [...]

The World Diamond Council has backtracked on its earlier condemnation of River Ranch Diamond Mine, leading to suspicion and doubt about the authenticity of its original source of information.
In December last year, council chairman Mr Eli Izhakoff wrote to the European Union, which is the chair of the Kimberly Process, alerting it to warn all [...]

Canadian miner Caledonia Mining Corp is expecting to report an operating profit in the fourth quarter of 2006 but its directors have decided against re-opening the Barbrook Mine in South Africa, which was crippled by industrial action in November last year.
Caledonia will now focus on gold and cobalt concerns in Zimbabwe and Zambia, it [...]