With Chinese and Indian stock markets around 12-month highs, the two-tier global mining market gains more divide; 74 of the world's Top 100 mining companies may now be classified under the "developing country" heading.

African Minerals is talking big numbers on its Tonkolili iron ore project in Sierra Leone saying capex to develop would be $2.6 billion and that the resource could total 10 billion tonnes

Following a call from the party's youth wing for nationalisation of South Africa's mines, the ruling ANC party's Secretary-General said nationalisation of the country's mines was not on the party's agenda.

A new investment fund focusing on natural resources in Africa has been launched by financial services group, Imara, which specialises in investment in Africa.

With a Rossing South Zone 2 resource estimate coming up next month, the latest figures could propel the deposit into one of the world's top ten uranium resources.