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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • For Valentine's Day gift, forget diamonds: try ichnusaite
    Far rarer than diamonds or emeralds, some minerals on Earth are known only from thimbleful samples, according to a first list of 2 550 obscure minerals on Friday that could have future uses, ranging from industry to exotic Valentine's Day gifts. Ichnusaite, fingerite, amicite and nevadaite are among truly rare minerals - defined as those known to come from five or fewer places worldwide - and form only under extremely unusual conditions, the scientists wrote.
  • Golden Saint raises £150 000
    London-listed Golden Saint has raised some £150 000 through the issue of 500-million new ordinary shares at 0.03p a share to fund general working capital for its alluvial mining operations. The company also planned to use some of the proceeds to fund its participation at a diamond show in Myanmar during the first week of April.
  • AMSA’s R1.5bn competition settlement part of bigger image makeover to win steel protection
    Steel producer ArcelorMittal South Africa (AMSA) has made a R2.5-billion proposal to the Competition Commission to settle all outstanding matters against the company – if approved, it would be the largest competition-related fine ever paid by a single South African entity. Departing CEO Paul O’Flaherty, who handed over the reins on February 12 to acting CEO Dean Subramaniam ahead of the imminent appointment of a permanent replacement, said a provision of R1.25-billion had been made for the settlement as part of once-off provisions of R2.6-billion for 2015.