Africa

TSX ends mixed, Feb. 1-5  

Source: Print Archives | 2016-02-10
Toronto’s S&P/TSX Composite Index slipped 0.5% to 12,763.99 after a poor jobs report, while oil prices dropped and gold prices rebounded. The S&P/TSX Global Mining Index rose 9.4% to 45.25, while the S&P/TSX Capped Diversified...

South32 restructures, flags US$1.7 billion write-down

Source: Daily News | 2016-02-04
The world’s largest producer of manganese is taking a hatchet to supply in an effort to rebalance the market.

Asanko pours first gold in Ghana 

Source: Print Archives | 2016-02-03
Asanko Gold (TSX: AKG; NYSE-MKT: AKG) has started gold production at its namesake mine in Ghana, becoming the newest mine in the West African country.

TSX rises on higher oil prices, Jan. 18-22 

Source: Print Archives | 2016-01-27
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The...

Endeavour, Detour exit 2015 on a high note 

Source: Print Archives | 2016-01-20
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) and Detour Gold (TSX: DGC; US-OTC: DRGDF) — two of the gold sector's top share-price performers last year — reported strong fourth-quarter and full-year production results in 2015...

US stocks stay afloat, Dec. 23-31 

Source: Print Archives | 2016-01-06
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual...

Banro lands US$98.8M 

Source: Print Archives | 2016-01-06
A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.

Worry over Chinese demand is overdone, Aussie analyst says 

Source: Print Archives | 2016-01-06
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research...

Top gold performers in 2015 

Source: Print Archives | 2016-01-06
Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz....

Anglo American's radical rethink 

Source: Print Archives | 2015-12-16
VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.

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