(News Release – Johannesburg) -- The Tropicana Gold Mine today celebrated production of its 1 millionth ounce on schedule, just over two years since pouring first gold. “We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its…
SAB Miller is available in 38 African countries and controls 90 per cent of the South African beer market. Last month, the world’s largest beer company, AB InBev, agreed to buy SAB Miller for $104 billion. ‘CNN Marketplace Africa’ this week examines how this development…
The IFP in KZN calls on the Provincial Government to offer drought relief assistance to farmers immediately as the drought continues to persist. "We heard that the Department of Water and Sanitation has committed a further R96.62m to finance water tanks and additional drought intervention…
November 3, 2015, New York ... Polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year's levels. Suppliers are holding large polished inventory, while dealers are trying to buy select goods at…
October 28, 2015, New York ... RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA's computer system…
FEW ISSUES in contemporary South Africa arouse as much emotion as "the land question". Given SA’s history, it is hardly surprising that land reform should generate so much political heat. Black South Africans were devastated by land dispossession and disparities in ownership. Today, land still…
Statement by Donald Grant Minister of Transport and Public Works R277 Million Gansbaai To Bredasdorp road to unlock economic potential in Overgberh region I am honoured to be here today, during October Transport Month, to celebrate the completion of the upgraded Gansbaai to Bredasdorp road.…
RapNet Diamond Index (RAPI™) for 1 ct. GIA-Graded Diamonds -6.3% in 3Q October 13, 2015, New York ... Diamond suppliers are under pressure as polished prices fell further in September. According to the Rapaport Monthly Report – October 2015, U.S. demand is steady as the…
Johannesburg – AngloGold Ashanti has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year. The National Union of Mineworkers (NUM), Solidarity and the…
(Accra, Ghana, 16 September 2015) – Randgold Resources Limited (“Randgold”) and AngloGold Ashanti have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold…