Africa/Middle East

From Gold May 22, 2012 09:13 pm

European Stocks Boosted By Positive Outlook: Daily Markets Wrap

Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.

From Gold May 17, 2012 03:38 am

2011 Gold Production in Tanzania Up 13%

Production of the precious safe haven yellow metal gold by Tanzania, Africa's fourth largest gold producer, jumped 13 per cent to 40.4 tonnes in 2011 from 35.6 tonnes in 2010, as companies increased production output prompted by the metal's rising price during the period in reviews.

From Gold May 10, 2012 09:27 pm

AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher

AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.

From Gold May 10, 2012 09:14 pm

Respite From Euro Jitters, US Jobs Bolster Stocks: Daily Markets Wrap

New Labor Department data suggests a strong start to jobs growth in January may not get wiped out by negative growth heading into the third quarter.

From Gold May 10, 2012 02:25 pm

Avion Gold Cuts Production Outlook

Avion Gold Corp lowered its production forecast for the year after it halted mill expansion plans at its Tabakoto mine in Mali due to a military coup.

From Gold May 09, 2012 09:17 pm

Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap

Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain’s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.

From Gold Apr 19, 2012 03:09 am

SA Miner Gold Fields Remains Committed to Peru Gold Project, Jacks Up Investment Presence

South African miner Gold Fields has increased the initial investment on its Chucapaca gold project in Peru to $1.2 billion from $750 million, confident the gold project will receive the necessary support of nearby communities, social action groups as well as government related procedures in securing...

From Gold Apr 09, 2012 04:02 pm

Avion Gold' 1Q Production From Mali Jumps 30%

Avion Gold Corp reported a 30 percent rise in first-quarter production at its Tabakoto and Segala projects in Mali, sending its shares up about 20 percent, but said its mill expansion may be delayed as the coup-hit West African country limps back to normal.

From Gold Apr 03, 2012 02:35 pm

African Barrick Gold Ups Estimate for Nyanzaga in Tanzania

African Barrick Gold raised the mineral resource estimate for its Nyanzaga project in Tanzania, and said the project had the potential to become its next mine in the country.

From Gold Apr 03, 2012 02:30 am

West African Gold Miner Ampella Puts Up Sale Sign

Ampella Mining, a gold explorer focused in West Africa, has put up the sale sign albeit concerns it might not be able to hit the sale funds it expects.