Billionaire Naguib Sawiris expects new gold finds in Egypt to reach at least 1 million ounces
Egyptian billionaire Naguib Sawiris expects his company's new gold exploration areas in Egypt to yield at least 1 million ounces of gold.
Gold mining
South Africa's Gold Fields tries to buy Australia's biggest gold miner and gets turned down
Gold Fields approached Northern Star Resources about a takeover and was rebuffed, Bloomberg reported. The Australian miner is worth $22.1 billion.
South African tycoon Mzi Khumalo turned $15.5 million into Zimbabwe's largest gold miner
Mzi Khumalo bought Lonmin's Zimbabwean gold mines for $15.5 million in 2002 and built Metallon into the country's biggest gold producer.
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Billionaire Ibrahim Mahama's company defies court order over $100 million Ghana gold mine
A company owned by Ibrahim Mahama, brother of Ghana's president, has refused to leave a disputed $100 million gold mine despite two court rulings.
Ghana wants 30% of every gold ounce, and Kenneth Ashigbey isn't ready to sign
Ghana wants 30% of every gold ounce its industrial miners produce, up from 20%, as the central bank rebuilds reserves. The miners aren't sold.