Tanzania miner pockets $3.4m for two gemstones

Tanzania miner pockets $3.4m for two gemstones

A small-scale miner in Tanzania has become an overnight millionaire after unearthing two of the biggest rough tanzanite gemstones ever found. Tanzania’s government bought the book-sized stones weighing 20 pounds (9 kg) and 11 pounds…

Mining

Evolution rakes in the cash despite drop in…

Evolution on Thursday announced that mine operating cash flows for the quarter ended March reached A$257.4-million, while free cash flows reached A$111.5-million. Gold production in the March quarter declined slightly from the 170 890 oz…

Mining

The TEBA network will be instrumental in returning…

TEBA, the century-old company that provides recruitment and other services to mineworkers, will draw on decades of experience to assist SA’s mining companies to gradually ramp up production as lockdown restrictions are eased. The gold…

Mining

First Major Cobalt refinery expansion study

The feasibility study for an expansion of the Glencore-backed First Cobalt refinery, in Ontario, Canada, is in the final stages and will be concluded in the coming weeks. Commenting on the current market developments, First…

Collapse

Two feared dead as mine shaft collapses

Two artisanal miners are feared dead after a mine shaft they were working in collapsed on Tuesday morning in Shamva. The accident occurred at Lumbo18 Zuze Syndicate Mine. National Police Spokesperson Assistant Commissioner Paul Nyathi…

DR Congo copper and cobalt miners killed in…

At least 36 people have been killed after a copper and cobalt mine collapsed in Lualaba province in south-east DR Congo, authorities say. The provincial governor Richard Muyej blamed the accident on what he called…