ZIMBABWE

Platinum bars

Zimbabwean Official Blasts Impala Platinum

A Zimbabwean minister launched a verbal attack on Impala Platinum Chief Executive David Brown, saying on Wednesday he was sick and tired of the mining group's failure to comply with local black ownership laws.

Platinum Prices up 3% on Supply Disruption

Miners at Rustenberg platinum mine
Platinum prices shot up more than three percent Wednesday after Impala Platinum Holdings Ltd., the world's second largest platinum producer, told buyers April deliveries would be slashed in half because of a strike in South Africa.
Marie Colvin

Marie Colvin: Who Was American War Correspondent Killed in Syria? [VIDEO]

Celebrated American war reporter Marie Covlin died in a shelling attack in Syria on Wednesday. Known for her ardent willingness to report from the front lines for Britain's Sunday Times, the 55-year-old reporter had covered conflicts in dangerous war zones. Colvin was killed when a shell attack hit a Syrian army building that had been turned into an impromptu press center in the Baba Amr area of the besieged city of Homs, Syria. Take a look at her last dispatches from Syria.
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Ivory artifacts seized from an accused smuggler are displayed at a news conference at the John Heinz Natural Wildlife Refuge in Philadelphia, Pennsylvania, July 26, 2011.

Record Number of Ivory Seizures in 2011: WWF

A record number of large scale ivory seizures will be recorded globally in 2011, pointing to a surge in elephant poaching in Africa to meet Asian demand for tusks for use in jewelry and ornaments, a monitoring group said Thursday.
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Higher Gold Output Cuts Mwana Africa 1st Half Loss

Mwana Africa reported a narrower first-half loss, driven mainly by a jump in production at its Freda Rebecca gold mine in Zimbabwe, and said it continued to be in talks with the government there about the issue of turning over a 51 percent stake to locals.
Diamond

Diamond demand to outpace supply growth to 2020-Bain

Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines, Bain & Company said in a report.
Gay Pride South Africa

Nigeria Seeks to Criminalize Homosexuality

Same-sex marriages and homosexual activities were officially banned by the senate in Nigeria on Tuesday, placing criminal penalties of up to 14 years in prison on same-sex relationships.
Robert Mugabe

Zimbabwe Hiking Gold, Platinum Royalties

Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 percent, Finance Minister Tendai Biti said on Thursday, but a hike in mining royalties could impede growth.
A mine worker looks on underground in Modderfontein east mine

Mozambique plans no local mine ownership targets

Mozambique has no plans to impose local ownership requirements on its mining industry and it will not seek overly high government stakes in mining ventures that could deter investors, its national director of mines said.
A worker casts an ingot of platinum

Amplats gives locals stake in Zimbabwe mine: radio

Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.

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