2015-01-28Sable Mining Africa Limited, through its 80% owned subsidiary, West Africa Exploration S.A., has signed an Infrastructure Development Agreement with the Government of Liberia.The agreement relates to the development, ownership rights, financing, use and operation of rail and port infrastructure in the Republic of Liberia ..2015-01-28Gem Diamonds Limited has released its operational and sales performance trading update for Q4 2014.The Letšeng mine continued to perform strongly during the quarter as 25 525 carats were recovered in Q4 2014. The Group’s tender in December 2014 achieved an average of $2 799 per carat, resulting in an average va..2015-01-28Anglo American Platinum released its production report for the fourth quarter ended 31 December 2014.The Company reported that its group equivalent refined platinum production increased by 14% to 594 koz over Q4 2013. Production at Mogalakwena in Limpopo, South Africa, increased by 11% to 98 koz, attributable to increased..2015-01-28StratMin Global Resources Plc has completed the oversubscribed placing of 18 947 369 new ordinary shares of 4 pence each at a placing price of 4.75 pence per Ordinary Share with certain existing and new institutional investor.Through the placing, the Company conditionally raised, in aggregate, gross proceeds of £900 000. The Placin..2015-01-27Coal of Africa Limited has been granted an Amendment of the Environmental Authorisation in terms of the National Environmental Management Act and the Environmental Impact Assessment Regulations for its Vele Colliery in South Africa.The amendment was granted by the South African Department of Environmental Affairs and is the first o..2015-01-27Towchester Investment Company Limited, a 100% owned subsidiary of Nyota Minerals Limited, was informed by the Ministry of Mines of the Ethiopian government that it will not be granted the alluvial mining licenses for the areas along the Abay River and its tributaries.The rationale behind denying the mining license is that..2015-01-27Elemental Minerals Limited has announced the development of an exploration target for the high grade sylvinite Hangingwall Seam at the Yangala prospect, Sintoukola potash project, located in the Republic of Congo.The exploration target has been delineated of between 235 to 470 million tonnes grading between 55% and 60% po..2015-01-23Resource Generation Limited has released its quarterly report for the three months ended 31 December 2014.The Company is currently developing its Boikarabelo coal mine in the Waterberg region of South Africa. There are probable reserves of 744.8 million tonnes of coal on 35% of the tenements under the company’s control. F..2015-01-23Birimian gold limited has announced that an Aircore drill rig has arrived on site at the Massigui gold project, located in Mali, and the Company has commenced with a 1 500 metre drilling programme.The aircore drilling programme commenced on the recently discovered mineralised zone at the Koting Prospect and along strike f..2015-01-21Cardinal Resources Limited announced that it has identified an additional high grade gold intersection at the Bolgatanga project in Ghana.The new intersection is located approximately 25 metres down dip from the 43 metres at 2.23 g/t gold from 87 metres vertical intersection at the Namdini mining license.<..2015-01-21Aziana Limited has announced the commencement of a diamond drilling campaign at its 100% owned Anosivola copper gold project located in Madagascar.The Company is set to commence with drilling during the first week of February 2015. The drilling programme has been designed to test prospects along the Anosivola east to Bevomanga zone..2015-01-21Dake Resources Limited has made an application for a trading halt of its securities, effective immediately.The Company has requested a trading halt pending an announcement that relates to a capital raising.Drake Resources is an ASX listed diversified mineral exploration and de..2015-01-21Kibo Mining Plc has entered into a Memorandum of Understanding for a 50/50 joint venture with Metal Tiger Plc on the Company’s Morogoro South gold prospective exploration portfolio in Tanzania.Morogoro consists of 18 licenses, offers, applications and tenders covering a combined surface area of approximately 1 400 square kilometres..2015-01-19Resolute Mining Limited has confirmed further high grade drill results from a major programme conducted at the Bibiani gold project located in Ghana.The Company reported further high grade gold intersections from the surface and underground diamond drill programme. Best intersections include 34.0 metres at 4.37 g/t gold from 289 me..2015-01-19On 20 March 2014, Nyota Minerals Limited’s 882 149 127 ordinary shares were admitted for trading on the Australian Stock Exchange but application to trading on AIM in respect of 7 975 343 ordinary shares was not made at the relevant time due to administrative oversights.Accordingly, application has now been made for the Application..2015-01-19Sula Iron & Gold Plc has released the results of reconnaissance fieldwork for coltan mineralisation carried out at the Company’s Ferensola project, in the Democratic Republic of Congo, since September 2014.The reconnaissance fieldwork was designed by SRK Exploration Ltd. It included Sula Iron & Gold's technical..2015-01-19On 13 January 2015, Northam Platinum Limited’s employees at the Zondereinde mine, located in South Africa, embarked on unprocedural industrial action.The Company advises that management has now taken a decision to temporarily suspend operations at the Zondereinde mine in the interests of securing the safety and security of employee..2015-01-19Arcelormittal South Africa Limited’s Chief Financial Officer, Matthias Wellhausen, has resigned from the Company and its Board, with effect from 15 March 2015.Wellhausen has been with the Company since 02 March 2013 and is leaving to pursue other career opportunities.2015-01-15Base Resources Limited has advised shareholders that the off-market takeover offer for World Titanium Resources Limited has been finalised.The offer price for the takeover will not be increased and the offer is set to close on 6 February 2015. The Company will not extend the offer unless all remaining conditions..2015-01-15Northam Platinum Limited confirmed that employees at the Zondereinde mine located in Limpopo, embarked on unprocedural industrial action with effect from the night shift on13 January 2015.The mine’s management is seeking to engage with representatives of the National Union of Mineworkers (NUM) in order to und..2015-01-14Sipa Resources Limited has identified strong chargeability induced polarisation anomalies at its Kitgum-Pader project in Uganda.The results were gathered from the Company’s gradient array survey which was carried out at the Pamwa zinc, silver and lead mineralised zone.2015-01-14Syrah Resources Limited has released an update regarding its lithium ion battery grade spherical graphite development using natural graphite from the Balama project located in Mozambique.The Company received initial feedback from Japanese anode and battery producers, who indicated that the uncoated Balama spherical graphi..2015-01-14Pan African Resources has released its six month trading statement for the period ended 31 December 2014.The Group expects its Earnings per Share and Headline Earnings per Share, calculated in rand value, to be between 60% and 80% lower than the 15.11 cents reported for the previous corresponding period of 2013.  ..2015-01-14Universal Coal Plc has announced a maiden JORC 2012 compliant coal Reserve Estimate for its Northern Open-Pit in Brakfontein in South Africa.The Company has completed its Pre-feasibility study and reported a maiden Proven Reserve of 9.62 million tonnes.Chief Executiv..2015-01-13African Minerals Limited and its partner, Shandong Iron and Steel Group, have agreed to release $12.96 million from the Tonkolili Iron Ore project’s restricted bank account in order to pay December 2014 salaries and taxes due in Sierra Leone.African Minerals holds a 75% stake in the Tonkolili project, while Shandong Iron and Steel ..2015-01-08Stellar Diamonds Plc has released a progress update on the trial mining currently being conducted at the Baoulé kimberlite pipe in Guinea.To date, the trial mining programme has yielded a total 2 145 carats at an average grade of 15 carats per hundred tonnes. High quality gems are continuously being recovered including 8...2015-01-08Mena International Petroleum Company Limited, a subsidiary of SacOil Holdings Limited, has commenced with field development operations at its 100% owned Lagia oil fields in Egypt.Schlumberger Egypt was appointed to conduct initial phases of development which will consist of the hydraulic stimulation of the Lagia 6, 7, 8, ..2015-01-07Eastern Platinum Limited announced it has reached an agreement with Hebei Zhongbo Platinum Company Limited to acquire Eastern Platinum’s entire South African platinum group metal business.The acquisition will include all major interests held by the Company’s existing minority partners and all the loan agreements that it h..2015-01-07Rockwell Diamonds Incorporated has entered into a conditional agreement to acquire certain alluvial diamond properties as well as the associated plant and equipment from Bondeo 140 CC for a total consideration of R284.2 million.The acquisition will substantially enlarge the Company’s operating and resource base in the Mid..2015-01-07Giyani Gold Corporation has advised shareholders that the Letter of Intent agreement with the shareholders of Horizon Enerji A and Sumo Coal (Pty) Ltd has expired.The agreement expired in accordance with its terms as a definitive agreement was not entered into by 31 December 2014. Giyani Gold’s share were suspended from t..2015-01-07Baobab Resources Plc has advised shareholders of the resignation of Mohan Kaul from his position as a Non-Executive Director with effect from 1 January 2015.The Company reported that it’s in the process of searching for a new Non-Executive Director who will add value in the final stages of the Definitive Feasibility Study..2015-01-06Kibo Mining Plc has released an operational update for the final quarter of 2014.The Company reports the completion of stage 1, phase 1 of the Definitive Mining Feasibility Study for its Rukwa coal to power project located in Tanzania. The power Pre-Feasibility Report for the Rukwa power plant was also completed. ..2014-12-30Camac Energy Incorporated announced the arrival of the semi-submersible drilling unit, Sedco Express, to the Oyo Field located in Nigeria.The Company contracted the Transocean Sedco Express to expedite the timing of production tie-in from the Oyo-7 and Oyo-8 development wells. The rig will be used to complete the Oyo-7 an..2014-12-29Aureus Mining Incorporated completed its phase four drilling programme conducted at its Ndablama gold project in Liberia and updates on a NI 43-101 resource.The phase four drilling programme successfully extended the Ndablama resource area along strike and down dip covering a north-south strike of 1 000 metres and down to..2014-12-29Premier African Minerals Limited confirmed that it has placed an order for the process plant for the RHA Tungsten project in Zimbabwe.The process plant is designed to meet a throughput of 16 tonnes per hour or 8,000 tonnes per month and a wolframite recovery of 82.8%. The modular plant will be built in Johannesburg by Appropriate P..2014-12-29Rockwell Diamonds Incorporated has released its quarterly production and sales update for the three months ended 30 November 2014.As of 05 December 2014, the Company’s Middle Orange River operations in South Africa, achieved a record 4.7 million lost time injury free hours. The earthmoving vehicle renewal plan at Saxendr..2014-12-22Oklo Resources Limited announced the commencement of a detailed Induced Polarisation geophysical survey at its Dandoko gold discoveries in Mali.The new Induced Polarisation will run for approximately three weeks into early January 2015. In preparation for the survey, the Company commenced with line clearance on 12 December 2014 and..2014-12-22Swala Energy Limited reached an agreement with Tullow Oil Kenya B.V and CEPSA Kenya Limited regarding equity distribution in respect of the Joint Operating Agreement for Block 12B located in Kenya.As of 31 August 2014, Tullow Oil Kenya, the operator, will have 50% equity in Block 12B and Swala Energy Kenya Limited will also have 50..2014-12-22Kibo mining Plc has received the final Preliminary Environmental Assessment report for its Imweru gold project in Tanzania.The Company reports that the results of the Preliminary Environmental Assessment confirm and in certain aspects exceed its expectations of the technical and commercial value of the project.2014-12-22SacOil Holdings Limited has advised shareholders to exercise caution when trading in the Company’s shares.The Company wishes to initiate a process of balancing and rationalising its portfolio of assets which is expected to have a material impact on the price of the Company’s securities.&..2014-12-22In August 2014, Coal of Africa Limited announced a capital raising through 695 million shares at an issue price of £0.055 which is to be implemented in a two stage process.The Company further announces that all participants of the capital raising have agreed to split the second stage.<..2014-12-22Central Rand Gold Limited is undertaking a placement and subscription and has announced that Redstone Capital Limited intends on exercising its warrants.The Company will place 5 000 000 new ordinary shares and open an offer for subscription of 5 200 000 new ordinary shares at a price of 10 pence per share.<..2014-12-19African Copper Plc’s ZCI Limited, has entered into an additional loan facility of $2.5 million to be provided to its subsidiary, Copperbelt Development Foundation.ZCI entered into the additional agreement in order to provide its Copperbelt Development Foundation with further working capital for the Mowana Mine facilities. The facil..2014-12-19Baobab Resources Plc has been granted a Mining Concession for the Tete pig iron and ferro-vanadium project located in Mozambique.The Mining Concession was granted by the cadastre division of the National Department for Mines and is valid for a period of 25 years and renewable for a further 25 years.&..2014-12-19Beacon Hill Resources Plc has requested that trading of its ordinary shares on the AIM have been suspended with immediate effect.The decision to suspending trading followed the materiality of the resolutions to be proposed at the General Meeting.The Company will upda..2014-12-19Afarak Group Plc’s subsidiary, Mogale Alloys (Pty) Ltd, has completed the installation of ferroalloy refining and granulation plant in South Africa.The Company reported that the plant is now operational and that the significant part of the current ferrochrome production can now be converted to granulated medium carbon ferrochrome. ..2014-12-17African Minerals subsidiary, African Railway and Port Services Limited, has entered into a temporary infrastructure access agreement with Timis Mining Corp Ltd.Before African Railway and Port Services entered its temporary cessation of operations, it had been in discussions with Timis Mining to finalise an interim infrastructure ac..2014-12-17Gemfields Plc has completed the acquisition of two additional licenses for ruby deposits in Mozambique.The licenses were granted by the Mozambican government to Gemfields’ 75% owned subsidiary, Megaruma Mining Limited. The licenses do not border each other but do share a boundary with Gemfields’ 75% owned Montepuez ruby deposit. Th..2014-12-17SacOil Holdings Limited has announced the appointment of Damain Matroos as Chief Financial Officer of the Company, with effect from 1 February 2014.Tariro Mudzimuirema, current acting Chief Financial Officer, will return to her previous role as Financial Manager.Matroos is a q..2014-12-15Lucapa Diamond Company Limited has appointed Stephen Wetherall as the new Chief Executive Officer of the Company as part of the executive restructuring process.In addition, the Lucapa Diamond Company appointed Nick Selby as the new Chief Operating Officer.Wetherall is a qualif..2014-12-15Kibo Mining Plc has received the Power Pre-Feasibility Study report for its Rukwa coal to power project located in Tanzania.The report confirms two components to the Rukwa coal to power project, Coal Mining and Power Generation.Results from the Power Pre-Feasibility Study have..2014-12-15On 20 August 2014, Zimplats Holdings Limited announced the precautionary closure of the Bimha mine in Zimbabwe following an underground collapse which occurred at the mine.Stakeholders are advised that, after carrying out a comprehensive risk assessment to ensure safe operations and effective evacuation procedures, the Company comm..2014-12-12Equatorial Resources Limited has signed a Mining Convention Agreement with the Republic of Congo for the development and management of the Mayoko-Moussondji iron project located in the Republic of Congo.The fiscal rights and legal obligations of both the government and the Company with respect to the mining license have been define..2014-12-10African Potash Limited has released its results from the recently completed exploration drilling programme conducted at its Lac Dinga potash project in the Republic of Congo.The assay results obtained from the drilling programme confirm the presence of numerous potash seams at the Lac Dinga project. Best results from the drilling p..2014-12-10Anglo American Platinum Limited has released an operational update and reports an improvement in the Company’s underlying operational performance despite a challenging labour environment.The Company reported that it is likely to deliver 1.8 million platinum ounces following the quick and successful ramp-up at the upper end of guida..2014-12-10Kibo Mining Plc has released its phase 1, stage 1 findings from the Definitive Mining Feasibility Study relating to the Rukwa coal to power project in Tanzania.Results from the study identified four financially feasible alternative options for project development. The Company estimated annual coal sale revenue to be betwe..2014-12-10Oklo Resources Limited announced the completion of its one for twenty capital consolidation.The capital consolidation, approved by an ordinary resolution of shareholders, was achieved through the conversion of twenty fully paid ordinary shares and options into one fully paid share or unlisted option.2014-12-09IMX Resources Limited has received additional assay results from its Reverse Circulation drilling programme conducted at the Chilalo graphite project located in Tanzania.Best results included 32 metres at 11.4 total graphitic carbon, 16 metres at 11.7% total graphitic carbon, 18 metres at 11.8% total graphitic carbon and ..2014-12-09Tiger Resources Limited has released an update from its Kipoi copper operations located in the Democratic Republic of Congo.The company had previously announced the completion of the solvent extraction and electrowinning plant and the project continues to produce at nameplate capacity of 25 000 kt per annum.&..2014-12-09DiamondCorp has announced the end of the industrial action taken by Association of Mineworkers and Construction union members at its Lace mine in South Africa.AMCU members began striking following a dispute regarding managements refusal to employ two additional full-time shop stewards, the Union currently has five full-time shop st..2014-12-09Oando Energy Resources Limited has announced the completion of the 45 000 barrels per day, 51km Umugini pipeline in Nigeria.Over the past year, the Company has completed wells 5, 6 and 7 bringing oil production capacity to a gross total of 7 140 boepd for the company and Energia Limited, the operator of the project. Oando Energy Re..2014-12-03Caledonia Mining Corporation announced that it is in the process of filing a Technical Report as well as a Preliminary Economic Assessment for the revised investment plan for its Blanket mine in Zimbabwe.The justification for the revised plan is to improve underground infrastructure and logistics at the Blanket mine and a..2014-12-03AngloGold Ashanti Limited announced the appointment of Albert Garner and Maria Richter as Non-Executive Directors with effect from 1 January 2014.Garner has extensive experience in capital markets, corporate finance and mergers and acquisitions. He currently serves as a Senior Banker at Lazard Frère & Co., LLC lea..2014-12-03Kibo Mining Plc has received the final report for Phase 1, Stage 1 pertaining to the Rukwa coal to power project’s Definitive Mining Feasibility Study.The Company’s appointed Independent Consultant, Minxcon Projects, delivered the key report on schedule. The report demonstrated an overall estimated profitability that is significant..2014-12-02Cardinal Resources Limited discovered further high grade gold intersections in the vicinity of the previously discovered 43 metres gold intersection within the Namdini mining license located in Ghana.Significant gold intersection includes 9 metres at 8.46 g/t from 85 metres vertical. Other results from further Reverse Circulation d..2014-12-02Kimberley Diamonds Limited has received approval from the Department of Environmental Affairs regarding the transfer of the authorisation of the previously approved Environmental Impact Assessment from DiamonEx Botswana.DiamonEx Botswana is the previous owner of Lerala Diamond Mines Limited.
2014-12-02Anglo American Platinum Limited has released its trading statement for the 12 months ending 31 December 2014.The Company reported that Headline Earnings and Headline Earnings per Share will be 20% lower for the 12 months ended 31 December 2014. The decrease in Headline Earnings and Headline Earnings per Share has been att..2014-12-02In November 2014, African Eagle Resources Plc’s newly incorporated South African subsidiary entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.Pursuant to this, both parties have agreed on an extension to the Agreement for the date by which the condition needs to be satis..2014-12-02Viking Mines Limited’s corporate advisors, Emerald Partners Limited, has completed a strategic review of the Company’s Ghanaian gold assets.A number of interested parties, who are interested in acquiring the Company’s Ghanaian gold projects, have been contacted and confidential access to Viking Mines’ detailed project dat..2014-12-01North River Resources Plc has completed its Definitive Feasibility Study for the Namib lead zinc silver mine in Namibia.The study indicated a Maiden Mineral Reserve of 585 000 tonnes at 6.2% zinc, 2.9% lead and 46 parts per million of silver. The Definitive Feasibility Study confirmed that the project has a robust economi..2014-12-01Chrometco Limited released its interim consolidated financial results for the six months ended 31 August 2014.During the period under review, the Company focussed on finalising a mining services and ore sales agreement with International Ferro Metals SA (Pty) Limited. Another major focus was the exploration and drilling p..2014-11-27Atlatsa Resources Corporation released its operational and financial results for three and nine months ended 30 September 2014.The Bokoni mine performed well during the period under review as it achieved its best production volume since 2006.Reve..2014-11-27Caledonia Mining Corporation is seeking to double gold production at the Blanket mine, in Zimbabwe, by expanding the mine.The decision to expand the Blanket mine followed a strategic review of the company’s operations with the aim of expanding outside of Zimbabwe. The Strategic review concluded that the best potential returns would..2014-11-26African Minerals Limited has released a financing update for its operations in Sierra Leone.The Company’s discussion with Shandong Iron and Steel Group continues over the timing of the release of restricted cash of $102 million. As discussions continue, African Minerals is looking for alternative funding to finance its wo..2014-11-26In October 2014, Village Main Reef Limited’s Board of Directors resolved to evaluate strategic alternatives to unlock value for its shareholders.Shareholders are advised that the strategic review process is still continuing and if concluded successfully, the process may have a material effect on the price of the Company’s securitie..2014-11-26Chrometco Limited has released its trading statement for the six months ended 31 August 2014.The Company expects an improvement of 30.4% in Basic loss per Share to 2.22 cents, from a basic loss per share of 3.19 cents reported for the six months ended 31 August 2013...2014-11-26Premier African Minerals Limited has released an update from its 49% owned RHA tungsten project in Zimbabwe.The Company reports that the dewatering of the old mine has been completed, consequently the historic underground workings are now accessible.The open pit mine design as..2014-11-25Globe Metals and Mining completed a trenching programme at the Chimutu prospect within the Chiziro graphite project located in Malawi.The Company completed 17 exploration trenches and has received assay results for all 17 trenches.The best results include 5..2014-11-25Gunson Resources Limited has recently completed a two week mapping and pan sampling programme across a number of priority target areas in Tanzania.The programme confirmed the occurrence of known heavy mineral sands drill targets and identified new areas of possible mineralisation and drill targets.&l..2014-11-24African Eagle Resources Plc’s newly incorporated South African subsidiary has entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.Lime-Chem Resources operates an iron ore mine in South Africa.African Eagle Resources i..2014-11-21Kibo Mining Plc has issued 1 750 000 new ordinary shares at 1.5 pence per share to raise proceeds of £26 250.The total proceeds will be put toward settling an invoice in respect of advisory services used by the Company.The Company will make an application for the set..2014-11-21Kinetiko Energy Limited has been granted 12 prospecting gas licenses located within the Karoo Kalahari Basin in Botswana.The Company selected the licenses after basin studies indicated the potential for deep coal facies within the basin and related gas in sandstone accumulations. Recent reports of successful flow commence..2014-11-20Keaton Energy Holdings Limited has released its interim results for the six months ended 30 September 2014.The Company reported an improved safety performance at its Vanggatfontein and Vaalkrantz operations in South Africa...2014-11-20Wescoal Holdings Limited entered into an agreement with Catwalk Investments (Pty) Ltd for the acquisition of the Sarie Marais Prospecting Right in South Africa.The agreement includes a consent to undertake box cut mining.The purchase consideration for the ..2014-11-20Arcelormittal South Africa Limited’s Newcastle Works has experienced unforeseen delays in the commissioning of its Blast Furnace.The delays are being attended to and the Company will restart the Blast Furnace following the completion of the reline at the end of October 2014.<..2014-11-19Gemfields Plc has released its operational update for the three month period ended 30 September 2014.Gemfields’ 75% owned subsidiary, Kagem Mining Limited in Zambia, produced 6.3 million carats of emerald and beryl, a decrease when compared to 6.5 million carats produced during the same period of 2013.2014-11-19Jubilee Platinum Plc has acquired additional shares in Pollux Investment Holding Proprietary Limited, which has resulted in Jubilee Platinum attaining 100% ownership and maximising its beneficial interest in the ASA-Dilokong Chrome Mine Tailings project in South Africa.Pollux Investment holds the rights for rec..2014-11-18Paragon Diamonds Limited has successfully sold a number of stones which were recovered during the 2013 bulk sampling programme at the Lemphane kimberlite pipe in Lesotho.The diamonds sold included fancy yellow stones which were sold at $2 500 per carat. The sale was part of an exercise to test market demand for diamonds w..2014-11-18Magnis Resources Limited has received the final batch of the assay results from the drilling programme conducted on the Nachu graphite project located in Tanzania.139 holes were drilled from 16 801 metres since July 2014. The Company has analysed 14 483 samples from graphitic carbon with the final results received on 06 November 20..2014-11-18Chrysalis Resources Limited has received the copper and gold assay results from the reverse circulation drilling programme conducted at the Bulala Hills project in Zambia.Results confirm the presence of broad low grade copper-gold mineralisation, which was interpreted to be of sedimentary exhalative origin.&l..2014-11-18Kunene Resources Limited has released an update for its Okanihova, Kaoko project in Namibia.The first diamond borehole completed at the Okanihova copper project indicated extension of a previously drilled water borehole, from 89 metres to 320 metres depth. The borehole was extended to test the remanent magnetic anomaly and passed t..2014-11-18Sula Iron and Gold Plc has conditionally raised £585 000 through a placement of 39 000 000 new ordinary shares of 1 pence each in the Company.The Company intends to use the funds to progress its gold and coltan exploration activities in Sierra Leone to pre-drilling stage over the next six months.<..2014-11-14Elemental Minerals Limited has commenced with a Scoping Study on the Dougou deposit located within the Sintoukola permit in the Republic of Congo.The Company has appointed ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH to undertake the Scoping Study and provide a solution mine for the 1.29 billion tonne Dougou..2014-11-12Lonmin Plc has released a production report for the quarter ended 30 September 2014.The rolling average Lost Time Injury Frequency Rate (LTIFR) for the 12 months to 30 September 2014 improved to 3.34 incidents per million man hours worked compared to 3.50 as at 30 September 2013. This decrease reflects the reduced hours o..2014-11-11Minbos Resources Limited has announced the appointment of Stef Weber to serve as the new Chief Financial Officer and Company Secretary of the Company, with immediate effect.Weber is a qualified Chartered Accountant and Company Secretary with over 20 years of experience working in the resource industry across various commodities in ..2014-11-11Swala Energy Limited has released an update following further developments to the Block 12B in Kenya.The Company reported that the farm out of 25% of the participating interest in Block 12B to CEPSA Kenya Limited was finalised in June 2014. Swala Energy was informed of CEPSA Kenya’s decision to withdraw from the..2014-11-11Kibaran Resources Limited has released a technical update of its ongoing Feasibility Study being carried out at the Epanko project located in Tanzania.The Company has been conducting testwork to determine the physical characteristics of the Epanko graphite. The testwork revealed an extremely high melting point of 1 305°C ..2014-11-11Arcelormittal South Africa Limited has released its operational update for the quarter ended 30 September 2014.The Company was able to complete the reline of the blast furnace at its operations in Newcastle, which is currently ramping up. The furnace is expected to be in full production by mid-November 2014. Liquid steel..2014-11-10Bushveld Minerals Limited has released an update from its vanadium and titanium project in South Africa.The Company reports all assays of the AB Zone were completed and yielded positive results.Further infill drilling is set to commence in the coming weeks.2014-11-10Gem Diamonds Limited has released its interim management statement for the quarter ended 30 September 2014.The Company reports a strong performance from its Letšeng mine in Lesotho, recording 28 365 carats recovered during the period under review. The average value/carat increased slightly from $2 582 reported for Q2 2014 to $2 603..2014-11-10Magnis Resources Limited has received significant metallurgical results from drilling carried out at the Main Block F area of the Nachu graphite project in Tanzania.Approximately 68.5% of the graphite concentrate is in the jumbo flake category with more than 300 microns. The current market price for jumbo graphite flakes amounts to..2014-11-07Coal of Africa Limited released an update regarding the previously announced equity raise and the Sale and Purchase Agreement for the Mooiplaats colliery.All regulatory approvals required by Haohua Energy International (Hong Kong) Resource Co. Ltd, for the first tranche of the equity placement, have been granted. The first tranche ..2014-11-05Aureus Mining Incorporation announced the appointment of Karin Ireton to the Company’s Board of Directors as a nominee of the International Finance Corporation.Ireton is taking over for Luis da Silva who resigned as the Company’s Director, having served on the Board since 2011. Ireton has extensive knowledge in the sustainable deve..2014-11-05Caledonia Mining Corporation has revised the investment plan and production projections for its Blanket Mine located in Zimbabwe.The Company’s Board and Management completed a review of alternative expansion and diversification plans and addressed the revised production projections for the Blanket Mine, as well as possible benefits..2014-11-05Glencore Xstrata Plc has released its interim management statement and production report for the third quarter of FY2014.Copper production for the period under review amounted to 1 149 000 tonnes, representing an 8% increase. The increase in copper production was mainly attributed to the 48% increase in production from the Company’..2014-11-05Jubilee Platinum Plc has released a trading update on its Middleburg operations in South Arica.Operations in Middleburg continued to exceed the Company’s expectations as it broke through the record of 900 tonnes of metal produced for the month of October 2014 compared to the previous record of 840 tonnes of metal set in S..2014-11-04West African Resources Limited has signed a Term Sheet with Metals & Energy Capital Division of Macquarie Bank Limited for a two year $5 million convertible loan facility.The loan facility will be used to fund the completion of the Feasibility study conducted at the Mankarga 5 Heap Leach gold project located in Burkina Faso..2014-11-04Goldplat Plc has released an operational update for its gold recovery operations in South Africa, Ghana and its Kilimapesa gold project in Kenya.Operations in South Africa for the quarter period ended 30 September 2014 generated an operating profit, following initiatives which were introduced for the quarter period ended ..2014-11-04Kunene Resources Limited has commenced with diamond drilling at Okanihova copper target, Kaoko project Namibia.The initial programme will test Induced Polarisation anomalies which were identified at Okanihova SW1 target and Okanihova outcrop.The Induced Pol..2014-11-04AngloGold Ashanti Limited has released its operational report for the quarter and nine months ended 30 September 2014.The Company reported normalised Adjusted Headline Earnings of $66 million despite the decreased gold price.Production achieved for the period amounted to 1.128..2014-11-03Green Rock Energy Limited has released a quarterly operational report from its operations in Tanzania.During the period, Green Rock Energy adjusted its strategy and began focussing on investing in the Tanzanian graphite sector. The Company entered into four agreements to acquire 14 permits in Tanzania. The Company now holds a graph..2014-11-03Triton Minerals Limited has received additional solid assay results from the Nicanda Hill deposit in the Balama North project, in Mozambique.The new results strengthen the maiden resource currently defined at Nicanda Hill. The average total graphitic carbon at the Macico and Grande high grade zones was reported to be 11%.2014-10-31Trans Hex Group Limited has reached an agreement with De Beers Consolidated Mines Limited to acquire the assets and liabilities of the Namaqualand Mines.The acquisition, to be carried out by Trans Hex’s 40% owned subsidiary, Emerald Panther Investments 78 (Pty) Ltd, was conditional upon the fulfillment of several conditions.&nb..2014-10-29DiamondCorp Plc has advised shareholders that the members of the Association of Mineworkers and Construction Union (Amcu), working at the Lace Mine in South Africa, began striking at 06h00 on 23 October 2014.the strike action followed management’s decision to not employ two full-time salaried shop stewards.&l..2014-10-29Hummingbird Resources Plc has released all infill and extension drilling results from four pits at the Yanfolila project in Mali.Best results from the Komana West pit included 15 metres at 2.73 g/t gold, 19 metres at 2.29 g/t gold, 11 metres at 8.67 g/t gold and 3 metres at 41.5 g/t gold.&..2014-10-29Ferrum Crescent Limited has released its quarterly activities and cash flow report for the quarter ended 30 September 2014.The company is still continuing with the Bankable Feasibility Study for the Moonlight iron-ore project located in South Africa. Discussions to secure the next stage of Black Economic Empowerment partnerships co..2014-10-28Aquarius Platinum Limited has released its operational and financial results for the quarter ended 30 September 2014.The group reports an increase in revenue of 3%, from the previous corresponding period, to $62 million.On-mine EBITDA increased significantly by 138% to $14.8 m..2014-10-28Taruga Gold Limited announced its plans to commence with the planned aircore drilling programme at the Nangalasso and SLAM projects in Mali.The previous drilling programme results included 3 metres at 7.84 g/t and 1 metre at 7.8 g/t gold. The drilling programme is set to follow up on previous trench sampling and strong ge..2014-10-28Predictive Discovery Limited has signed a Heads of Agreement with Toro Gold Limited regarding its Cote D’Ivoire projects.As part of the agreement, Toro Gold will spend approximately $1 million to earn 51% in Predictive Discovery Cote D’Ivoire SARL, a subsidiary of Predictive Discovery.
<..2014-10-28Coal Of Africa Limited has released an operational report for the quarter ended 30 September 2014.During the period, Coal of Africa continued to work on the applications to amend the Environmental Authorisation for the Vele collier, in South Africa, to include the plant modifications. The company is confident that they wi..2014-10-24Otjozondu Mining (Pty) Ltd, a subsidiary of Shaw River Manganese Limited, has signed a purchase contract with Noble Resources International (Pty) Ltd.The purchase agreement entails a sale of 30 000 tonnes of manganese ore from the Otjozondu manganese project in Namibia.2014-10-23Northam Platinum Limited has finalised a fully funded R6.6 billion ten year secured Broad Based Black Economic Empowerment transaction.The transaction will incorporate a fully funded R4.6 billion equity capital raising as well as secure a 35.4% interest in the company for Historically Disadvantaged South Africans.&nbs..2014-10-23Royal Bafokeng Platinum Limited has released a quarterly review and production report for three month period ended 30 September 2014.The company reports an 11% increase in tonnes delivered as well as a 26% increase in tonnes milled for the period under review.2014-10-23BHP Billion Plc has released an operational review for the quarter ended 30 September 2014.The group reports a 9% increase in production, with record highs achieved for eight operations and four commodities. The group is on track to deliver total production growth of 16% over the two years to the end of FY2015 as production guidanc..2014-10-22Stellar Diamonds Plc has announced the recovery of large diamonds from its trial mining programme at the Baoulé kimberlite pipe in Guinea.196 carats have been recovered to date from the pipe with an average grade of 17 carats per hundred tonnes, which surpasses the original expectations of 13 carats per hundred tonnes.&..2014-10-22Shanta Gold Limited has released a production and operational update for the quarter ended 30 September 2014.The company reports a record gold production total of 22 720 ounces, representing a 4% increase from the previous quarter.Gold sales amounted to 18 600 ounces at an ave..2014-10-22Wescoal Holdings Limited released an operational and trading update for the six months ended 30 September 2014.For the period under review, 942 291 tonnes of coal were produced by Wescoal, an increase of 5% when compared to coal production of 895 185 tonnes during the same period of 2013. The trading division recorded an ..