Investors in Africa-focused gold miner Randgold Resources have staged a rebellion against a US$4 million share award for the company's boss, with 39% voting against what one advisory group called an “excessive” package.
Rwanda prime minister, Pierre Damien Habumuremyi says the government's strategy to develop the country’s mining sector will raise revenue and increase the sector's contribution in the economy.
International iron ore company Sundance Resources has terminated the agreement with China’s Hanlong Mining Investment Limited under which Hanlong was to have acquired 100% of Sundance.
After a year in which it drove production and profit to record heights, Randgold Resources is rapidly advancing its further growth projects and examining new joint-venture opportunities generated by stress in the gold mining industry’s junior sector.
The Democratic Republic of Congo (DRC) mines minister has reassured investors after separatists attacked the capital of mineral-rich Katanga province, raising concern among analysts that the region faces increased conflict.