Randgold Resources chief executive Mark Bristow has said that African countries would risk driving away new investors if they pushed through mining code revisions aimed at boosting short-term revenues
Mining
Chinese firm proposes takeover bid for Discovery Metals

Discovery Metals is an Australian copper miner with major assets in North-West Botswana. (Image source: Arpit Gupta/Flickr)
Chinese private equity firm Cathay Fortune Corp and China-Africa Development Fund (CADF) have launched a takeover bid worth US$860mn to acquire all outstanding shares of Botswana-focussed Australian copper miner Discovery Metals
ArcelorMittal to sell stake in South Africa’s Kalagadi Manganese
ArcelorMittal will sell the Kalagadi Manganese stake to Daphne Mashile-Nkosi, chairperson of Kalahari Resource. (Image source: Kalagadi Manganese)
ArcelorMittal will sell its 50 per cent stake in South African manganese explorer Kalagadi Manganese for US$447mn in an attempt to sell non-core assets to pay down debt
Zimbabwe government to pump US$50 million into Marange diamond fields

DMC currently has a capacity to produce 7,200 carats a day, worth about US$300,000. (Image source: Kim-bodia/Flickr)
The Zimbabwe government has revealed plans to pump US$50mn into the Marange fields of Diamond Mining Corporation (DMC)
Gold Fields to set up new South African mining company

Gold Fields said it will carry out the new project through the proposed unbundling of its subsidiary unit. (Image source: Natalia V/Flickr)
Gold Fields Limited has announced plans to set up a new South African gold mining company, Sibyanye Gold Limited