LATEST NEWS

  • Avocet Mining production update

    2016-04-28
    Avocet Mining Plc announced production and cash costs for the first quarter of 2016 from the Inata gold mine. 
     
    • Total gold production at Inata for the quarter was 20,528 ounces at a cash cost of $925 per ounce, compared with 17,379 ounces produced in the fourth quarter of 2015 at a cash cost of $1,094 per ounce
  • Rockwell Diamonds production update

    2016-04-26
    Rockwell Diamonds Incorporated released quarterly production update for the three months ended 29 February 2016. 

    Salient features

    - Strategy - Rockwell continues to pursue its medium term target to process 500,000m 3 of gravel per month in the Middle..
  • Sibanye Gold expects an increase in earnings

    2016-04-25
    Sibanye Gold Limited released its trading statement for the six months ended 30 June 2016. 

    Shareholders of Sibanye are advised that earnings per share (EPS) for the six months ending 30 June 2016 is expected to be at least 150% (or 30 cents per share) higher than the 20 cents per share reported for the previous ..
  • Minbos Resources commences with BFS work programmes

    2016-04-22
    Minbos Resources Limited has commenced work with its JV partner, Petril, on the Bankable Feasibility Study work programmes for the Cabinda phosphate project located in Angola. 

    The first cash call for $500 000 has been made to the JV partners and the Company has paid 50% share of $250 000.

    &l..
  • Tawana Resources’ activities report out

    2016-04-22
    Tawana Resources NL released its activities report for the quarter ended 31 March 2016.

    Mofe Creek Iron Ore Project

    Project Studies - Mine, Logistics, Infrastructure and Approvals

    - The Mineral Development..
  • Kumba Iron Ore records a decrease in total production

    2016-04-21
    Kumba Iron Ore Limited announced its production and sales report for the quarter ended 31 March 2016. 

    Overview:

    - Total production from Kumba decreased to 8.9 Mt as Sishen transitioned to a lower cost pit configuration. This is 27% less than Q1 2015 ..
  • Anglo American Platinum's total production increases by 4%

    2016-04-21
    Anglo American Platinum Limited released its production report for the quarter ended 31 March 2016. 

    Overview

    -  Commitment to zero harm – no fatalities in the period and our longest fatal free period of 324 days as at 31 March 2016
  • Anglo American's F.D. to retire

    2016-04-20
    Anglo American Plc announced that René Médori, Finance Director, has informed the Board of his decision to retire when he reaches the age of 60 in 2017, in order to enable an orderly succession.

    The Board is initiating a formal process to appoint a successor, which will include internal and external candidates. Mr Médori will contin..
  • Perseus Mining Updates Life of Mine Plan for Edikan Gold Mine in Ghana

    2016-04-20
    Perseus Mining Limited reported that the Net Present Value (NPV) of the mine’s forecasted cash flows increased to $287 million, at a gold price of $1.200 per ounce, after applying a 10% real discount rate. Gold production averages 222 000 ounces per annum over the mine’s remaining 7.5 years. Production for the next five years is expected to reach approximately 258 000 ounces per ann..
  • Merafe Resources achieves an increase in production

    2016-04-20
    Merafe Resources Limited released its production report for the period ended 31 March 2016. 

    Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture (the Venture) for the first quarter of 2016 increased by 4% compared to the comparative period. This increase is primarily attributable to the..
  • Barrie van der Merwe to serve the Board of Lonmin

    2016-04-19
    Lonmin Plc has appointed Barrie van der Merwe to serve as an Executive Director and Chief Financial Officer of the Company, with effect from 17 May 2016.  

    Barrie is a Chartered Accountant and holds a B Com (Hons) degree in Accounting from the University of Pretoria. Between 2012 and 2015, Barrie was Chief Financial Officer..
  • Diamondcorp updates on polished diamond sales

    2016-04-19
    Diamondcorp Plc has released an update on diamond sales and production from the Lace diamond mine in the Free State province of South Africa. 

    The 22.1 carat H coloured diamond sold to the Company's beneficiation joint venture in January this year has been manufactured into two high quality diamonds – a 7.2 carat F colo..
  • Gold Fields reports a solid start for FY16

    2016-04-19
    Gold Fields Limited has released an operational update for the quarter ended 31 March 2016. 

    OVERVIEW AND UPDATE

    Gold Fields has had a solid start to 2016. Attributable equivalent gold production for the quarter was 3% higher YoY (9% lower QoQ) at 515koz, but imp..
  • Keaton Energy Holdings reports excellent results

    2016-04-18
    Keaton Energy Holdings Limited released its production update for the year ended 31 March 2016. 

    The Lost Time Injury Frequency Rate (per 200 000 hours worked) for the year was 0.14 at Vanggatfontein (2015: 0.10) and 0.06 at Vaalkrantz (2015: 0.22). Management commends all for this achievement and their adherence to safety standards an..
  • DRDGold records an increase in gold production

    2016-04-18
    DRDGold Limited released its production update for the quarter ended 31 March 2016. 


    Highlights:

    -  4% increase in gold production; and
    -  key regulatory milestone achieved for additional tailings ..
  • Birimian Gold commences with Field Work

    2016-04-15
    Birimian Gold Limited announced that it has been granted an exploration permit covering areas previously applied for within the Bougoni Lithium Project located in Mali. 

    This milestone secures a large area (250km²) of highly lithium prospective tenure under one title owned 100% by the Company. The Project hosts the high-gr..
  • West African Resources raises capital

    2016-04-15
    West African Resources Limited has received commitments to raise up to $12.5 million through a placement of up to 100 million shares at a price of $0.125 per share. 

    The Company received over whelming demand from international and domestic institutional investors, as well as strong support from a large number of existing sh..
  • Firestone Diamonds' Liqhobong Mine 72% complete

    2016-04-15
    Firestone Diamonds Plc has released an update for its Liqhobong Diamond Mine located in Lesotho. 

    Highlights
    - Construction 72% complete as at the end of March 2016
    - Project remains on track for initial production in Q4 2016
    - Number of Project items now comple..
  • Sierra Rutile places shares

    2016-04-15
    Sierra Rutile Limited has successfully raised $20.0 million by way of a placing of 70,052,539 new Ordinary Shares with both new and existing institutional investors.

    The Placing was oversubscribed. The net proceeds of the Placing will be used to provide additional working capital and financial flexibility, to enable the Company to continue to imp..
  • Royal Bafokeng Platinum recorded an increase in tonnes delivered

    2016-04-14
    Royal Bafokeng Platinum Limited released its quarterly review and production report for the period ended 31 March 2016. 

    Key features 

         -    58% and 48% improvement in serious and lost time injury frequency rates..
  • Cardinal Resources Conducts Geophysical Surveys in Bolgatanga

    2016-04-13
    Cardinal Resources Limited, a Ghanaian mining exploration company, announced that Southern Geoscience Consultants Perth were contracted to design and carry out ground geophysical surveys over its Namdini Project and the Kungongo Tenement within the Bolgatanga area.


    The Namdini surveys were designed t..
  • Stratex International enters into an agreement with Goldstone Resources

    2016-04-12
    Stratex International Plc has entered into an unsecured, short-term loan agreement with Goldstone Resources Limited.

    Stratex International will provide Goldstone Resources with a loan of up to $100,000 repayable on or before 31 December 2016. Interest will accrue on the outstanding amount of the Loan at 5.0% per annum and will b..
  • Anglo American announces rough diamond sale value

    2016-04-12
    Anglo American Plc announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ third sales cycle of 2016.

    Rough diamond sales during the third cycle of the year continued their reasonably positive trend to $660 million, compared with the $617 million value of the second sales cy..
  • Golden Rim Resources receives final sale proceeds

    2016-04-11
    Golden Rim Resources Limited has received cleared cash funds of $3 million from the MNG Group of companies as final payment for the acquisition of the Balogo Project located in Burkina Faso.

    The Company’s cash balance is now approximately AUD7.5 million. Golden Rim Resources is also expecting to receive an additional $150 000 cash..
  • Base Resources makes application to admit shares

    2016-04-11
    Base Resources Limited advised that an application has been made to the AIM market of the London Stock Exchange for admission of the 168,329,185 ordinary shares issued under renounceable pro rata entitlement offer announced on 29 February 2016.  

    The Entitlement Offer Shares are expected to be admitted to trading on AIM fro..
  • KEFI Minerals releases operational update

    2016-04-11
    KEFI Minerals Plc provided its quarterly operational update for the period from 1 January to 31 March 2016. 

    Financing:

    Since acquiring Tulu Kapi in December 2013, KEFI has reduced the planned capital expenditure (including working capital) from c. $2..
  • Coal of Africa updates on the Universal Coal offer

    2016-04-11
    Coal of Africa Limited announced that further to the extension to the recommended Offer for Universal Coal Plc, it is now intended that, before completion of the Offer, the Yishun Brightrise Subscription Agreement will be replaced with a $15 million loan agreement.

    It is intended that Yishun Brightrise will make available a $15 million l..
  • Kibo Mining's restatement of the Mbeya Coal Resource completed

    2016-04-11
    Kibo Mining Plc has completed the restatement of the Mbeya coal resource, representing another key milestone as the project approaches the final stages of its development ahead of Financial Close.

    Key highlights

    - Increase in total Mineral Resource from 109.23 million tonnes (Mt) to 120.793..
  • Guptas resign from Oakbay Resources And Energy

    2016-04-08
    An announcement from the company below:

    Oakbay Resources And Energy Limited regrets to announce the resignation, from all group companies, of both its Non-Executive Chairman, Atul Gupta, and its Chief Executive Officer, Varun Gupta, with immediate effect. 

    Additionally ..
  • Coal of Africa's Makhado license suspended

    2016-04-08
    Coal of Africa Limited advised that the Integrated Water Use License for its Makhado Project has been suspended following an appeal to the Department of Water and Sanitation  submitted by the Vhembe Mineral Resources Forum and other parties.

    The appeal automatically suspends the IWUL in terms of Section 148 (2) (b) of the S..
  • West African Resources successfully completes drilling

    2016-04-07
    West African Resources Limited reported further high-grade RC results from the M1 prospect, at its 100% owned Tanlouka gold project in Burkina Faso.

    Highlights:

    -RC drilling returns 20m at 5.8 g/t Au from 68m, including 1m at 96.3g/t Au
    -..
  • Bounty Oil and Gas' Kiliwani field produced its first gas production

    2016-04-07
    Bounty Oil and Gas NL announced its first gas production from its Kiliwani North gas field located in Tanzania.

    The Kiliwani North Development License is operated by Ndovu Resources Limited, a wholly owned subsidiary of Aminex Plc. 

    Highlights:
  • Botswana Diamonds commences with drilling

    2016-04-06
    Botswana Diamonds Plc confirmed that the 2016 Drill Programme has commenced.
     
    The first large diameter reverse circulation hole on kimberlite AK21 on PL 260 in Orapa started on Tuesday 5th April.  Target depth is 300 metres.
     
    The first of three narrow diamond drill holes ..
  • Firestone Diamonds update on the Botswana sale

    2016-04-06
    Firestone Diamonds Plc has agreed to extend the date by when all conditions for the disposal of the Company's Botswana operations to Tango Mining Limited ("Tango Mining") (the "Disposal") must be satisfied.
     
    As announced on 9 July 2015, the Company entered into a conditional sale agreement ("CSA") w..
  • Diamondcorp releases a Sales and Project update

    2016-04-05
    Diamondcorp Plc has released its March quarter diamond sales and project update from its Lace Diamond Mine located in the Free State Province, South Africa. 

    A total of 8,648 carats of diamonds have been sold through a combination of direct sales and competitive tender, marking the first sale of kimberlite diamonds from the Lace mine s..
  • Anglo American enters into sale agreement to sell its 70% interest

    2016-04-04
    Anglo American Plc entered into a Sale and Purchase Agreement with a consortium led by Taurus Fund Management to sell its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia.

    The transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American's interest in Foxleigh...
  • Trans Hex Group makes changes to the Board

    2016-04-04
    Trans Hex Group Limited  announced that Quinton George and  Marco Wentzel have been appointed as Non-Executive Directors of the Company with  effect from 4 April 2016. 

    In addition,  Richard Tait has been appointed as an Alternate Director to Wentzel with effect from 4 April 2016.
  • Randgold Resources replenishes resources in record production year

    2016-04-01
    Randgold Resources' annual resource and reserve declaration, published as part of its annual report for 2015, shows attributable measured and indicated resources steady at 21.1 million ounces while inferred resources are marginally up to 6.7 million ounces.  Total attributable reserves of 14.6 million ounces reflect a 3.5% reduction after mining depletion, with no change i..
  • Ferrum Crescent restructures the Board

    2016-04-01
    Ferrum Crescent Limited announced the strategic re-focusing of the Company and the resignation of Tom Revy and Bob Hair. 

    The Company restructured to focus on generating value from the Group�s principal iron ore project in northern South Africa and the development of its value-accretive business model, progressing initial..
  • Jubilee Platinum interim results out

    2016-03-31
    Jubilee Platinum Plc announced its unaudited interim results for the six months ended 31 December 2015. 

    Highlights

    During the period under review

    - 30 September 2015, Jubilee completes the disposal of 100% of the i..
  • Atlatsa Resources records a decrease in revenue

    2016-03-31
    Atlatsa Resources Corporation released its audited results for the quarter and year ended 31 December 2015. 

    Key features for the 2015 financial year:

    - Implementation of operational and financial restructure plan at Bokoni Mine
    - Term loan facilit..
  • The Waterberg Coal Company's Director resigns

    2016-03-30
    The Waterberg Coal Company Limited has advised shareholders that Mr Mark Craddock has tendered his resignation from the Board.

    Craddock has been an Acting Chief Executive Officer and Director at The Waterberg Coal Company Limited since March 2016.

    The Waterberg Coal Company is an ASX and JSE listed co..
  • Aureus Mining records $19.2 million in revenue

    2016-03-30
    Aureus Mining Incorporated is pleased to announce its audited annual financial results for the year ended December 31, 2015 and to provide an operational review for 2015.

    During the 2015 financial year under review, the Company has continued to build on the work of previous years and completed the construction and commissioning of t..
  • Stellar Diamonds continues to achieve good progress

    2016-03-30
    Stellar Diamonds Plc announced its unaudited interim results for the six months to 31 December 2015.

    Operational and Financial Highlights during the period:

    - Cash, diamonds held for sale and other inventories of US$0.7m at period end
    - US$2.4m of funding b..
  • African Potash releases results

    2016-03-29
    African Potash Limited announced its results for the six months ended 31 December 2015.
     
    Highlights:
     
    -The Company continues to implement its strategy to deliver near term value through development of a vertical platform for the mining, production and distributi..
  • Aquarius Platinum meets all transaction conditions

    2016-03-24
    Aquarius Platinum Limited refers to the announcements and timetable which it has recently released regarding its transaction with Sibanye Gold Limited.  

    Aquarius is pleased to announce that in accordance with the timetable, Conditions Fulfilment has now occurred and all conditions have been met to the parties� satisfacti..
  • Petra Diamonds recovers 32.33 carat pink diamond

    2016-03-24
    Petra Diamonds Limited announces that it has recently recovered and sold an exceptional 32.33 carat pink diamond from the Williamson mine in Tanzania for US$15.0 million ($463,965 per carat), as well as retaining an interest in the polished proceeds (Petra will receive 10% of the value uplift of the polished).  
     
    The diamond..
  • Botswana Diamonds' interim results out

    2016-03-24
    Botswana Diamonds Plc released its interim results for the six months ended 31 December 2015. 

    As I write this statement Botswana Diamonds is conducting an extensive exploration programme in Botswana.  With our partners, Alrosa, we are drilling, sampling and conducting geophysics on two licenses in the Orapa area, ..
  • Bounty Oil & Gas provides project update

    2016-03-23
    Bounty Oil & Gas Nl released an update regarding its Kiliwani North Gas project located in Tanzania. 

    Aminex Plc, project operator, advised that the final well integrity testing of the Kiliwani North-1 well has been concluded, recording a high tubing pressure reading relative to the other producing wells on Songo So..
  • North River Resources releases drilling results

    2016-03-22
    North River Resources Plc provided early results from the ongoing underground diamond drilling at its flagship Namib Project in Namibia together with an update on project activities.

    Highlights

    - Initial drill results from the Northern Orebody show significant..
  • Oklo Resources completes drilling

    2016-03-22
    Oklo Resources Limited has completed the Reverse Circulation drilling programme conducted at the Dandoko project located in Mali. 

    The drilling programme was conducted to follow up the previously announced intersection of 29 metres at 10.42 g/t gold from the Diabarou prospect. 

  • Anglo American Completes Bond Buybacks

    2016-03-22
    Anglo American Plc announced the successful completion of its bond buy-back programme launched on 18 February 2016, consisting of Euro, Sterling and US dollar denominated maturities from December 2016 to September 2018.

    The Group used $1.7 billion of cash to retire $1.83 billion of contractual repayment obligations (including derivatives hedgin..
  • Wesizwe Platinum anticipates loss

    2016-03-18
    Wesizwe Platinum Limited released its trading statement for the year ended 31 December 2015. 

    The Board Of Directors therefore wishes to advise shareholders that the Company expects to report a basic loss per share attributable to ordinary shareholders  of between 32.62 cents and 35.78 cents per share, being betwee..
  • Gold Fields update on offering

    2016-03-18
    Gold Fields Limited referred shareholders to the announcement released on SENS on Thursday, 17 March 2016 wherein, Gold Fields announced the launch of an accelerated bookbuild offering of new ordinary shares (the Placing) by way of a private placement to qualifying institutional investors (the Bookbuild).

    Gold Fields is pleased ..
  • Gold Fields to raise R2.5 billion

    2016-03-17
    Gold Fields Limited announced the launch of an accelerated offering of up to 38,857,914 new ordinary shares constituting approximately 5% of its issued share capital, to raise approximately ZAR2.5 billion, subject to the satisfaction of certain conditions, through a bookbuilding process to be carried out by Merrill Lynch International (BofA Merrill Lynch), which is acting as sole glob..
  • Aureus Mining releases gold production update

    2016-03-17
    Aureus Mining Incorporated is pleased to announce gold production of approximately 4,500 ounces during the first 14 days of March operations at the New Liberty Gold Mine ("New Liberty" or "Mine") in Liberia.

    Since Commercial Production was declared at New Liberty on 1 March 2016, approximately 4,500 ounces of fin..
  • Aquarius Platinum receives approval

    2016-03-17
    Aquarius Platinum Limited announced that its proposed transaction with Sibanye Gold Limited (Sibanye) has been approved by the South African Competition  Commission and the Commission Tribunal.  

    These approvals were the final regulatory approvals required for the transaction, which was approved by Aquar..
  • Stellar Diamonds raises capital

    2016-03-15
    Stellar Diamonds Plc  has conditionally raised 600,000 before expenses through an equity issue, in addition to realising approximately $300,000 through a sale of diamonds from its Baoul project in Guinea.

    The Company announces that it has conditionally raised 600,000 before expenses, through a placing of 4,400,000 new ordinary shares ..
  • Ferrum Crescent's half year results out

    2016-03-15
    Ferrum Crescent Limited released its results for the six month period ended 31 December 2015. 

    Highlights:

    - BFS Farm-in Agreement concluded with BVI/Ovation Capital in respect of the Moonlight Project
          - Phased inve..
  • Jubilee Platinum's progress update at Dilokong Chrome Mine

    2016-03-14
    Jubilee Platinum Plc has released an update to shareholders on progress made with the commissioning of its Processing Plant at Dilokong Chrome Mine Pty Ltd ("Dilokong", "the Project").

    Highlights
     - Platinum Surface Processing Plant ("Processing Plant") at Dilokong Chrome ..
  • Coal of Africa releases results

    2016-03-14
    Coal of Africa Limited released its results for the six months ended 31 December 2015. 

    Highlights

         No fatalities during the period under review
         Universal CoAL tr..
  • Predictive Discovery commences with diamond drilling

    2016-03-11
    Predictive Discovery Limiteds Joint Venture partner, Toro Gold Limited, commenced with a diamond drilling programme on the Kokoumbo permit located in Cote Dlvoire.

    Drilling will target gold mineralisation encountered in chip-channel sampling in Kokoumbo Hill prospect, including 44 metres at 3.8 g/t gold, 2 metres at 25.7 g/t gold ..
  • Mozambi Resources commences with Pre-Feasibility study

    2016-03-11
    Mozambi Resources Limited signed an agreement with BatteryLimits Pty Ltd to deliver a Pre-Feasibility study on its Namangale Graphite project located in Tanzania. 

    BatteryLimits will commence work immediately on Stage 1 of a PFS that will inform the more detailed Stage 2 of the PRF. The Stage 1 work will identify and qualif..
  • African Rainbow Minerals reports a 51% decrease in HEPS

    2016-03-11
    African Rainbow Minerals Limited released its interim results for the six months ended 31 December 2015. 


    Salient features

    -  Headline earnings decreased by 51% to R507 million (1H F2015: R1 026 million). Headline earnings per s..
  • Vast Resources to raise �0.8 million

    2016-03-09
    Vast Resources Plc announced that, on 4 March 2016, it entered into an agreement with a number of existing shareholders according to which they will subscribe, in four tranches, for new ordinary shares of 0.1p each in the Company and associated warrants in order to raise up to �0.8 million (together the "Financing").
     
    The..
  • IMX Resources unveils high calibre Board

    2016-03-08
    IMX Resources Limited has unveiled a high-calibre Board of Directors for its new wholly-owned subsidiary, Graphex Mining Limited. 

    Graphex Mining will own and operate the Chilalo Graphite project located in Mozambique upon completion of the asset restructure. The subsidiary company will be headed by mining veteran, Stephen ..
  • Katanga Mining releases Q4 and FY15 results

    2016-03-08
    Katanga Mining Limited released its financial results for the 2015 fiscal year and the fourth quarter ended 31 December 2015. 

    Review of 2015 Fourth Quarter Results

    ..
  • Merafe Resources reports strong results

    2016-03-08
    Merafe Resources Limited released its summarised  consolidated financial statements for the year ended 31 December 2015.

    KEY FEATURES

    -  13% increase in production to 377kt
    -  23% increase in revenue to R4.4 bil..
  • African Energy Resources executes a non-binding Term Sheet

    2016-03-08
    African Energy Resources Limited has executed a non-binding Term Sheet with a South African investment group to develop an integrated coal mine and thermal power station at its Mmamabula west power project. 

    The material terms and conditions of the Term Sheet are:

    -Afri..
  • Oklo Resources recommences drilling

    2016-03-07
    Oklo Resources Limited has re-commenced with the Reverse Circulation drilling at the Diabarou prospect located within its Dandoko gold project in Mali. 

    A total of six holes for approximately 900 metres are planned with initial assays expected in early April. 

    ..
  • StratMin Global Resources completes private placement

    2016-03-07
    StratMin Global Resources Plc announced completion of a private placement raising gross proceeds of 300,000 via the placement of 12,000,000 new ordinary shares of 0.01 pence each (the "Ordinary Shares") (the "Placing Shares") at a placing price of 2.5 pence per Ordinary Share.
     
    The net proceeds of the Placing wil..
  • Golden Rim Resources enters into various Agreements

    2016-03-04
    Golden Rim Resources Limited announced that it had agreed to a number of new transactions on its interests in Burkina Faso with purchasers of the Balogo project, MNG Gold Burkina Sarl of the MNG Goup of companies. 

    The various agreements include the renegotiated sale of the Balogo project, with MNG to pay $3 million cash by..
  • Lucapa Diamond Company's diamond sale

    2016-03-04
    Lucapa Diamond Company Limited announced the sale of another 1 349 carats diamond from the Lulo Diamond project located in Angola. 

    The diamonds were sold for gross proceeds of AUD9.6 million, with an average selling price of AUD7.126 per carat. The recent sale brings the total gross revenues generated from diamond sales to..
  • Exxaro Resources releases production and sales results

    2016-03-04
    Exxaro Resources Limited released its reviewed condensed group financial statements for the year ended 31 December 2015. 

    Salient features:

    Owner-controlled operations         &..
  • Edenville Energy to raise funds through subscription

    2016-03-03
    Edenville Energy Plc announced the subscription of 1,333,333,333 new ordinary shares of 0.02p each in the capital of the Company at 0.03 pence per New Ordinary Share, to raise 400,000, together with 666,666,666 warrants exercisable at 0.04p per warrant.

    The net funds from the Subscription will bring essential new money into the Com..
  • Aureus Mining declares commercial production

    2016-03-03
    Aureus Mining Incorporated announced that commercial production has been declared at the New Liberty gold mine in Liberia, effective 01 March 2016. 

    Summary

       Commercial Production has been declared effective from 1 March 2016;<..
  • Syrah Resources concludes agreement with Marubeni Corporation

    2016-03-02
    Syrah Resources Limited announced that it has signed an Offtake Agreement for natural flake graphite with Marubeni Corporation. 

    Highlights:

    -Three year Offtake Agreement signed with Marubeni Corporation to purchase 20 000 tonnes of flake graphite per..
  • Weatherly International achieves significant progress

    2016-03-02
    Weatherly International Plc released its interim results for the six month period ended 31 December 2015. 

    Operational Summary
     
         Tschudi achieved nameplate production rates of 17,000 tonnes per annum during December 201..
  • Glencore's results for 2015 out

    2016-03-01
    Glencore Plc released its preliminary results for 2015. 

      Adjusted EBITDA of $8.7 billion, down 32% on 2014, due to substantially weaker commodity prices, partially offset by cost efficiencies and favourable producer country currencies:              ..
  • Minbos Resources terminates agreement

    2016-03-01
    Minbos Resources has terminated the agreement with Australian Phosphate Pty Ltd (AFP) to dispose of its rights in the Kanzi project located in the Democratic Republic of Congo.

    The Company terminated the agreement following failure by AFP to pay the $200 000 proceeds which was due on 11 October 2015. 
    ..
  • Sula Iron & Gold records loss for the year

    2016-02-29
    Sula Iron & Gold Plc announced its consolidated unaudited preliminary results for the year ended 30 September 2015 for the Company and its subsidiary, Blue Horizon (SL) Ltd, (together the "Group").
     
    Highlights:

    Operational
  • Hummingbird Resources releases Ore Reserve statement

    2016-02-29
    Hummingbird Resources Plc announced an improved Ore Reserve Statement (compiled in accordance with JORC, 2012 Edition) and updated economic sensitivities based on the new Reserve and mine schedule for the Yanfolila Gold Project ('Yanfolila') in Mali.

    Highlights at:

    <..
  • Alecto Minerals completes agreement with Randgold Resources

    2016-02-29
    Alecto Minerals Plc announce that it has received formal confirmation from Randgold Resources that all conditions precedent mentioned in the Joint Venture Agreement, for the exploration and development of Alecto's 137 km2 Kossanto West Gold Project in western Mali, have been satisfied.  
     
    Alecto Chief Executive Officer ..
  • Resource Generation updates on funding

    2016-02-26
    Resource Generation Limited released an update to shareholders on the status of the Company's actions to establish funding for the Boikarabelo Coal Mine project.

    On 22 January 2016, the Company appointed Grant Samuel to advise the Board in connection with the funding of the Boikarabelo Coal Mine project (the project).
  • Kibo Mining updates on Mbeya project

    2016-02-25
    Kibo Mining Plcs Chief Executive Officer, Louis Coetzee, had a successful meeting with Tanzania's Minister of Energy and Minerals Hon. Professor Sospeter Muhongo and his team.

    The meeting took place last week, on request of the Minister and updated the MEM on progress with the MCPP. Attendees of the meeting included the Nation..
  • Stellar Diamonds' next diamond sale to be held in March 2016

    2016-02-25
    Stellar Diamonds Plc announced that its next diamond sale from trial mining of its Baoul� kimberlite project in the Aredor area of Guinea will take place in Antwerp via the DDA Trading platform during March 2016. 
     
    A total of 3,341 carats were exported in February 2016 which after cleaning has resulted in a loss of weight ..
  • 3 Types of Innovation That Impact African Mining

    2016-02-25
    This year Cape Town played host to the annual Investment in Africa Mining Indaba from February 8-11, 2016. African Mining and Mining Analytix were there to cover the largely successful event. African Mining presents a 5 part Indaba reflection series, offering insights gained over the busy week.

  • Pan African Resources releases H2 FY15 results

    2016-02-24
    Pan African Resources Plc released its interim results for the six months ended 31 Dec 2015. 

    Key features reported in South African Rand (ZAR) and Pound Sterling (GBP)

    -  Group earnings in ZAR terms increased by 129.4% to ZAR227.6 million (2014: R99.2 mill..
  • Premier African Minerals releases project update

    2016-02-24
    Premier African Minerals Limited confirmed that the plant at RHA has commenced processing underground ore.  

    Premier is the operator of RHA Tungsten Project ("RHA") in Zimbabwe,  and holds a 49% interest.

    George Roach, Chairman and Chief Executive Off..
  • 5 Key Insights on the African Mining Vision Report

    2016-02-24
    This year Cape Town played host to the annual Investment in Africa Mining Indaba from February 8-11, 2016. African Mining and Mining Analytix were there to cover the largely successful event. African Mining presents a five part Indaba reflection series, offering insights gained over the busy week.

  • 3 Reasons Why the Indaba Is Important For Small Mining Companies

    2016-02-23
    This year Cape Town played host to the annual Investment in Africa Mining Indaba from February 8-11, 2016. African Mining and Mining Analytix were there to cover the largely successful event. African Mining presents a 5 part Indaba reflection series, offering insights gained over the busy week.



  • Kibaran Resources to complete Epanko project financing

    2016-02-22
    Kibaran Resources Limited announced that it is set to complete project financing for its Epanko graphite project located in Tanzania. 

    The Company raised $2.0 million through a share placement of 15 cents per share. As an additional funding mechanism the placees will receive one free attaching option for every two shares su..
  • Kinetiko Energy requests trading halt

    2016-02-22
    Kinetiko Energy Limited requested that its securities be placed in a trading halt pending the release of an announcement relating to project funding and capital raising.

    The trading halt will last until the earliest of the Company releasing the announcement, or the commencement of trading on Wednesday 24 February 2015.
    &l..
  • AngloGold Ashanti delivers solid operating and financial performance

    2016-02-22
    AngloGold Ashanti Limited released its results for the quarter and year ended 31 December 2015. 

    Full Year
    -   Strong gains in adjusted earnings and free cash flow, despite lower gold price
    -   Production of 3.947Moz at top end of revised guidance range
  • Assore reports a strong cash position

    2016-02-19
    Assore Limited released its results for the six month period ended 31 December 2015. 

    - Headline earnings decline by 25,4%    
    - Oversupplied commodity markets    
    - Strong cash position    
    - Interim divi..
  • Minbos enters into a Subscription Agreement

    2016-02-19
    Minbos Resources Limited has entered into a Subscription Agreement with Green Services Innovations Limited to place 680 million shares at $0.005 per share to raise $3.4 million.

    Proceeds from the placement will be used to fund the Bankable Feasibility Study on the Cabinda phosphate project and for working capital.
  • Delrand Resources consolidates shares

    2016-02-19
    Delrand Resources Limited has announced the consolidation of the outstanding common shares of the Company on a two to one basis.

    The Companys shares will commence trading on the JSE Limited on a post-Consolidation basis on Monday, 29 February 2016. The trading symbol for the Company on the JSE Limited will remain DRN. Shareholders of the Compa..
  • Coal of Africa extends offer period

    2016-02-18
    Coal of Africa Limited has advised Universal Coal Plc's shareholders of the notice of variation extending the offer period.

    The extension is in respect of the recommended offer for the entire issued and to be issued share capital of Universal Coal.

    Extension of the Offer to shareholder..
  • SacOil Holdings commences with acquisition of a 2D seismic survey

    2016-02-17
    SacOil Holdings Limited has commenced with the acquisition of a 2D seismic survey, as it was granted a two-year extension to current exploration period of Block III by the Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), Total E&P RDC (Total) as operator of Block III. 

    As reported previously, ..
  • Glencore signs new credit facility

    2016-02-17
    Glencore Plc has announced that it has signed a new Revolving Credit Facility (RCF), which will ultimately refinance and replace the existing $8.45 billion facility.

    In this initial pre-syndication phase, Glencore received commitments from its senior banks for $8.4 billion, representing an increase from 37 banks of close to $3 bil..
  • Anglo American financial report out

    2016-02-17
    Anglo American Plc released its financial report for the year ended 31 December 2015. 

    -  Group underlying EBIT(1) of $2.2 billion, a 55% decrease, due to sharply weaker commodity prices    ($4.2 billion(2) underlying EBIT impact), partially offset by weaker producer country currencies ($1.8 billi..
  • Stellar Diamonds receives mining license approval

    2016-02-17
     
    Stellar Diamonds Plc announced that it has received a letter of approval for its Environmental, Social and Health Impact Assessment ("ESHIA") from the Environmental Protection Agency (EPA) in relation to the mining licenses application for its 100% owned Tongo Dyke-1 project ("Tongo" or "the Project") in Sierra Leone.
  • Acacia Mining reports a decrease in revenue

    2016-02-17
    Acacia Mining Plc announced its results for the 12 month period ended 31 December 2015. 

    Full Year Financial Highlights

    - Revenue of $868 million, 7% lower than 2014, due to the 8% lower average gold price
    - EBITDA of $175 millio..
  • Apollo Consolidated signs enters into an option agreement

    2016-02-16
    Apollo Consolidated Limited has entered into an Option to Purchase Agreement with Newcrest Mining Limiteds subsidiary over the Companys 80% owned Seguela gold project located in Cote dlvoire.

    The Company reported that Newcrest Mining will bring strong technical and financial capacity to the project. Exploration during 1-2 year ye..
  • Marenica Energy to test uranium ore samples

    2016-02-16
    Marenica Energy Limited announced that it will test its proprietary U-pgrade process technology on uranium ore samples from Deep Yellow Limiteds Tumas project located in Namibia.

    The testwork will be undertaken as part of a Service Agreement and Statement of Work with Deep Yellow Limited and relate principally to a bench scale tes..
  • DRDGold reports a decrease in production

    2016-02-16
    DRDGold Limited released its  operating and financial results for the six months ended December 2015. 

    KEY FEATURES
    - Gold production down 1% to 72 436oz
    - All-in sustaining costs down 8% to US$1 104/oz
    - Operating profit up 1% to R165.9 million
  • Castle Minerals releases quarterly update

    2016-02-15
    Castle Minerals Limited released its quarterly activities report for the period ended 31 December 2015. 

    Highlights:

    New Directors and Management 

    -On 18th January, thr..
  • Premier African Minerals receives financial offer

    2016-02-15
    Premier African Minerals Limited advised that direct finance to RHA Tungsten Mine ("RHA"), in respect of which the Company is the operator and holds a 49% interest, has been offered by a local Zimbabwe based banking institution.

    As part of the continuing preparations in respect of underground ore processing, RHA has increa..
  • Harmony Gold Mining releases Feasibility Study results

    2016-02-15
    Harmony Gold Mining Company Limited released an update regarding the Golpu Feasibility Study which confirmed Robust Investment Case. 

    - High grades, early cash flow
    - Staged development with future optionality and flexibility
    - Robust returns
    - Lowest quartil..
  • Kimberley Diamonds enters into a contract

    2016-02-12
    Kimberley Diamonds Limited, through its Botswana subsidiary, Lerala Diamonds Mines Limited, entered into a contract for the open pit mining operations due to commence next month.

    The mining contract was awarded to Basil Read Botswana (Pty) Limited (Basil Read) following a two-stage competitive tender process.
    &..
  • MOD Resources to commence drilling

    2016-02-12
    MOD Resources Limited announced that its formal transfer of 14 prospecting  licenses acquired as part of Discovery Mines (Pty) Ltd (DMI) has been approved by the Minister for Minerals, Energy and Water Resources in Botswana.

    Extensions to all 14 licenses in the area of the Companys high grade Mahumo Cu/Ag deposit and in th..
  • Botswana Metals receives final batch of results

    2016-02-12
    Botswana Metals Limited received the final batch of assay results from its joint venture partner, BCL Limited, for the 12 000m drilling campaign completed in 2015 at Maibele North in Botswana.

    Botswana Metals received results for the final  outstanding extension holes that were analysed at the Companys in-house laboratory ..
  • Rio Tinto delivers strong operational performance for FY15

    2016-02-11
    Rio Tinto Plc released its 2015 full year results and reported underlying earnings of $4.5 billion.

    Revenues and earnings
    -   Consolidated sales revenues of $34.8 billion, $12.8 billion lower than last year, reflecting a
    $13.1 billion reduction from the sharp decline in commodity ..
  • Randgold Resources to deliver record production

    2016-02-09
    Randgold Resources Limiteds Chief Executive Officer, Mark Bristow, described 2015 as one of the best years in the company's history.

    Production and costs were in line with the company's annual guidance, with production setting a new record of more than 1.2 million ounces, up 6% on the previous year, and group total cash c..
  • Intrepid Mines releases final assay results

    2016-02-09
    Intrepid Mines Limited released the final results from the 2015 phase 9 drilling programme at its Mumbwa project located in Zambia.

    Assays from drilling on target H have delivered further encouraging results. Best results include 38.5 metres at 1.58% copper from 8.5 metres including 17.5 metres at 2.03% copper and 0.01 g/t gold from..
  • Strandline Resources delivers high grade results

    2016-02-09
    Strandline Resources Limiteds Tajiri prospect, located in Tanzania, has delivered high grade results.

    The Company drilled high grade heavy mineral sands over a 20km strike length. Detailed drilling at Tajiri and Tajiri North have outlined two coherent deposits, both 2-3km several hundred metres wide and 5 to 25 metres thick.
  • Aquarius Platinum reports a 31% decrease in revenue

    2016-02-09
    Aquarius Platinum Limited released its HI FY15 results for the period ended 31 December 2015.

    Revenue (PGM sales, interest) for the half year of $78 million was down 31% compared to the pcp. The lower revenue reflects the difficult PGM metals price with Dollar prices dropping to average $825 compared to $1,165 in the pcp, a 29% decr..
  • Kumba Iron Ore releases results

    2016-02-09
    Kumba Iron Ore Limited released its audited preliminary summarised annual results for the year ended 31 December 2015. 

    KEY FEATURES

    -  No loss of life in 2015
    -  42% drop in average iron ore price to US$56/t severely impacted ear..
  • Pan African Resources releases an updated trading statement

    2016-02-08
    Pan African Resources Plc released an updated trading statement for the six months ended 31 December 2015. 

    Pan African advises shareholders that the Group EPS and HEPS for the current
    interim reporting period denominated in GBP are expected to be between:

    &l..
  • Anglo American Platinum releases FY15 results

    2016-02-08
    Anglo American Platinum Limited released its summarised consolidated audited financial results for the year ended 31 December 2015. 

    KEY FEATURES:
    Lost-time injury-frequency rate (LTIFR) per 200,000 hours worked
    (2014: 0.69)
    0.98
  • Edenville Energy updates on the Rukwa Coal-To-Power project

    2016-02-08
    Edenville Energy Plc released an update on the progress made on ts Rukwa Coal-to-Power project in Tanzania.

    The Company met with Tanzania Electric Supply Company Ltd ("Tanesco") during January 2016.  During these meetings, Tanesco presented a draft formal framework ("Framework Agreement") for progressing..
  • Kibo Mining completes critical step of Integrated Feasibility Study

    2016-02-08
    Kibo Mining Plc has successfully completed the Integrated Bankable Feasibility Study of the Phase 1 of the Mbeya Coal to Power Project located in Tanzania.

    Key highlights

    - Successful int..
  • Bounty Oil & Gas updates on Kiliwani North project

    2016-02-03
    Bounty Oil & Gas NL released an update on its Kiliwani North Gas project located in Tanzania.

    The Kiliwani North-1 well is currently undergoing final well integrity testing prior to first production. This follows the signing of a Gas Sales Agreement (GSA) in early January 2016. 

    <..
  • KEFI Minerals selects preferred banks for project financing

    2016-02-03
    KEFI Minerals has selected its preferred senior secured lenders for its Tulu Kapi gold project located in Ethiopia.

    The Lenders, a leading African Mining Bank and a leading African Development Bank, have indicated their non-binding terms for the project finance for Tulu Kapi, which include the following key features:
  • Kumba Iron Ore releases updated trading statement

    2016-02-02
    Further to the trading statement released on SENS on 6 November 2015, Kumba Iron Ore Limited reported that it expects a decrease in Headline Earnings per Share and Basic Earnings per Share for the year ended 31 December 2015. 

     The Company indicated that Headline Earnings per Share (HEPS) and Basic Earnings per S..
  • Merafe Resources expects an increase in its earnings for the year

    2016-02-01
    Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.

    Merafe Resources expects Basic earnings per Share to be between 13 cents and 15 cents, an increase when compared to 8.6 cents recorded for the year..
  • Aquarius Platinum releases production results

    2016-02-01
    Aquarius Platinum Limited has released its production results for the second quarter ended 31 December 2015. 

    Highlights:

    -   Attributable production from operating mines up 0.5% compared to previous corresponding period, quarter ended Decemb..
  • Anglo American announces first sales cycle of 2016

    2016-01-26
    Anglo American Plc announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers first sales cycle of 2016. 

    Rough diamond sales during the first cycle of the year improved significantly to $540 million, compared with the $248 million value of the final sales cycle of 2015.
  • Anglo American Platinum anticipates loss in earnings

    2016-01-25
    Anglo American Platinum Limited, the SA-based platinum group metals producer, has released an updated trading statement for the year ended 31 December 2015. 

    Anglo American advised its shareholders that Headline Earnings and Headline Earnings per Share were anticipated to be 20% lower when compared to the previous period en..
  • Nyota Minerals completes placement

    2016-01-22
    Nyota Minerals Limited announced that the Company  has completed a placing of 375,000,000 new ordinary shares to various institutional investor clients of Smaller Company Capital Limited at an issue price of 0.0005 (0.05 pence) to raise 187,500 (approximately A$387,400) before expenses. Smaller Company Capital Ltd acted as sole broker to the Placing.
    <..
  • Sentula Mining announces change in sponsor

    2016-01-15
    The Board of Directors of Sentula hereby advises shareholders that Sentula has appointed Questco Proprietary Limited  as sponsor to the Company, with effect from 17 January 2016.

    Questco replaces Merchantec Capital, whose appointment has, by mutual consent, been terminated.

  • Gold Fields appoints a new Director

    2016-01-15
    Gold Fields Limited announced the appointment of Steven Reid as an Independent Non-Executive Director to the Board of Directors of the Company with effect from 1 February 2016.

    Reid has served as a director of Silver Standard Resources Inc since January 2013 and a director of Eldorado Gold Corporation since May 2013. He has over 35 ..
  • Rockwell Diamonds releases interim results

    2016-01-15
    Rockwell Diamonds Incorporated released its unaudited interim consolidated financial statements for the three month period ended 30 November 2015. 

    Highlights:

    - Rockwell achieved 715,015 lost time injury free hours (�LTIFH�) at its MOR operations..
  • Coal of Africa renews Vele Colliery's license

    2016-01-13
    Coal of Africa Limited advised that the Integrated Water Use License (IWUL) for its Vele Colliery in the Limpopo Province has been renewed for a further twenty years. In March 2011, Vele's original IWUL was granted for a period of five years.

    Furthermore, the IWUL has been amended in line with the requirements for the Plant Mod..
  • Bauba Platinum releases its update on the chrome project.

    2016-01-11
    Bauba Platinum Limited during the last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price dropping from $175 to $120 per tonne. 

    The adverse changes in the chrome-ore market, specifically those pertaining to price, have resulted in the Companys chrome project becoming financially u..
  • Keaton Energy Holdings cautions shareholders

    2015-12-23
    Keaton Energy Holdings Limited has released a cautionary announcement to shareholders released on SENS on 29 September 2015 and 9 November 2015 relating to the proposed offer received to acquire the entire issued share capital and claims against Leeuw Mining and Exploration Proprietary Limited and Amalahle Exploration Proprietary Limited ("AEP") (collectively "the KZN Ass..
  • Randgold Resources declines Obuasi Joint Venture

    2015-12-21
    Randgold Resources Limited will not proceed with Obuasi Joint Venture; Obuasi to continue with its Limited Operating Phase at a lower cost. 

    Randgold Resources Limited has informed AngloGold Ashanti that it wishes to terminate the conditional Investment Agreement concluded in September 2015, for a joint venture to redevelop..
  • DiamondCorp releases lace mine update

    2015-12-18
    DiamondCorp Plc reported that production ramp up has commenced from the Upper K4 Block (UK4) at the Lace mine, in the Free State Province of South Africa.

    The first UK4 production is coming from the 310m level, where the slot is being opened up to the drive vertically above it on the 290m level. Once the slot is mined by the end o..
  • Buffalo Coal to commence trading on TSX Venture Exchange

    2015-12-15
    Buffalo Coal Corporation has announced that further to its press releases dated May 21, 2015, September 10, 2015, November 11, 2015 and December 3, 2015.12.15

    The common shares of the Company will commence trading on the TSX Venture Exchange effective as of the open of trading on December 18, 2015 under its existing stock symbol, B..
  • African Rainbow Minerals� trading statement for six months is out

    2015-12-11
    African Rainbow Minerals limited's headline earnings for the six months ended 31 December 2015 are currently anticipated to be at least 20% (R205 million) less than those for the same period in the previous financial year.

    Headline earnings per share are anticipated to be at least 20% (95 cents) less than those for the same per..
  • Petra Diamonds second tender results

    2015-12-11
    Petra Diamonds Limited has released results of its second tender for H1 FY16. 

    -Petra has recently closed its second tender of H1 FY 2016 (1 July to 31 December 2015), with 606,080 carats sold yielding US$86.2 million in revenues, including the sale of the 23.16 carat pink stone from Williamson for US$10.05 million, as repo..
  • Glencore releases debt reduction update

    2015-12-11
    Glencore Plc has released an update regarding the progress made against the debt reduction initiatives. 

    Highlights:

    Positive free cash flow:

    -More than $2 billion of free cash flow at spot prices; Glencore will rem..
  • Tharisa reports an increase in revenue

    2015-12-09
    Tharisa Plc released its condensed financial results for the year ended 30 September 2015. 

    Highlights: 

    PGM production (6E) up 50.9% 118.0 koz (2014: 78.2 koz)

    chrome concentrate product..
  • Jubilee Platinum concludes acquisition

    2015-12-09
    Jubilee Platinum Plc has announced the third and final tranche payment to conclude the acquisition of the beneficial interest in the DCM platinum project. 

    Highlights:
    -100% beneficial interest in the DCM Platinum Project concluded
    -35 000 tons per month process..
  • StratMin Global Resources releases operational update

    2015-12-08
    StratMin Global Resources Plc has announced the achievement of operational level breakeven and a comprehensive update on progress achieved since appointment of its new CEO, Brett Boynton, and entering into a strategic partnership with Tirupati Carbons & Chemicals (P) Limited. 

    Production output over the ..
  • Wescoal Holdings claw-back and rights offer results

    2015-12-07
    Wescoal Holdings Limited has referred shareholders  to the circular dated 17 November 2015 containing details of the combined claw-back and rights offer to Shareholders of a maximum of 49 041 904 new Wescoal shares (Combined claw-back and rights offer shares) at an issue price of 132 cents each (the Combined claw-back and rights offer).

  • Coal of Africa releases update of offer funding

    2015-12-07
    Coal of Africa Limited has announced that, following the announcement on 26 November 2015 regarding the recommended offer to be made for Universal Coal Plc, it has entered into a subscription agreement with M&G Investment Management Limited ("M&G"), pursuant to which M&G has agreed to subscribe for new Coal shares for an aggregate subscription amount of..
  • Petra Diamonds acquires interest in the Kimberley Mines

    2015-12-03
    Petra Diamonds Limited announced the acquisition of an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Limited in a consortium with Ekapa Mining (Pty) Limited ("Ekapa Mining"), an established Kimberley-based diamond tailings producer. 

    Highlights:<..
  • Edenville Energy completes placing

    2015-12-03
    Edenville Energy Plc announced the completion of a placing of 625,000,000 new ordinary shares of 0.02p each in the capital of the Company at 0.04 pence per New Ordinary Share.
     
    The funds from the Placing will bring new money into the Company and will be used to advance work on the power plant engineering tasks with Runh Power, along ..
  • DiamondCorp announces proposed placing

    2015-12-03
    DiamondCorp Plc announced the proposed placing of new ordinary shares of 0.1 pence each in the Company in order to raise gross proceeds of up to 4 million (the Placing). The Placing is being conducted through a bookbuilding process which will be launched immediately following this announcement and will be made to new and existing eligible institutional and other investors.
  • Sable Metals & Mineral releases trading update

    2015-12-02
    Sable Metals & Mineral Limited has released its trading update for the period ended 31 August 2015. 

    Sable advises shareholders that the loss and headline loss are expected to be between 1.50 and 2.10 cents per share compared to a loss and headline loss of 4.43 cents per share for the comparable period equating to a..
  • Anglo American makes a new appointment

    2015-12-01
    Anglo American Plc has announced the appointment of Didier Charreton as Group Director Human Resources and as a member of the Group Management Committee, effective 1 December 2015 and based in the UK. 

    Didier has held a number of senior global HR roles across his more than 25-year career, most recently as the Chief Human ..
  • Gold Fields releases quarterly update

    2015-11-19
    Gold Fields Limited released its quarterly results for the period ended September 2015. 

    Highlights: 

    $948 per ounce All-in-sustaining costs

    $961 per ounce All-in-costs
  • Petmin releases operational update

    2015-11-19
    Petmin Limited has released its operational update for the quarter ended 30 September 2015. 

    Production of metallurgical anthracite for the quarter increased by 4% to 352 179 tonnes (2014: 340 010 tonnes). Sales volumes increased by 29% to 355 201 tonnes (2014: 276 396 tonnes) as demand for Somkhele anthracite products rema..
  • SacOil Holdings commences with drilling

    2015-11-16
    SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited, commenced with drilling of the Lagia 11 well on 13 November 2015, at its 100% owned Lagia oil field in Sinai, onshore Egypt. 

    The drilling forms part of the Phase 2 field development operations.

    <..
  • Sentula Mining releases trading statement

    2015-11-12
    Sentula Mining Limited has released its trading statement for the six months ended 30 September 2015. 

    A review of the financial results for the period by management has indicated that the basic loss per share (LPS) is expected to be between 5.32 cents and 5.99 cents, reflecting a decrease in the loss of between 60.0% and..
  • Exxaro Resources expects a marginally higher net operating profit

    2015-11-11
    Exxaro Resources Limited has released its trading update for the year ended 31 December 2015 and will release its reviewed annual financial results for the year ending 31 December 2015 on 3 March 2016.

    The groups net operating loss reported for the year ended 31 December 2014 is expected to improve by at least R658 million (20%) fo..
  • Impala Platinum announces changes to the Board

    2015-11-11
    Impala Platinum Holdings Limited has announced the resignation of Brett Nagle as a Non-Executive Director of the Board of Directors of the Company with immediate effect. 

    The Board expresses its appreciation to Nagle for his contribution during his tenure and wishes him well in his future endeavours.
    &..
  • Gem Diamonds releases Q3 trading update

    2015-11-11
    Gem Diamonds Limited has released its trading operational and sales performance update for the period ended 30 September 2015. 

    Leteng:

    Prices firm, costs down and production up

    -Revised 2015 pro..
  • SacOil Holdings releases a trading statement

    2015-11-11
    SacOil Holdings Limited has released a trading statement for the six month period ended 31 August 2015. 

    As previously reported, the Group has embarked on a turnaround strategy driven by the rationalisation and balancing of the Groups existing portfolio of assets to reposition the Group. The impact of these activities on t..
  • Jubilee Platinum commences with construction

    2015-11-10
    Jubilee Platinum Plc commences with construction of its surface platinum project. 

    Highlights:

    -     Jubilee has commenced with construction of the processing facility for its Platinum Processing Project
    - &..
  • Lonmin releases production report

    2015-11-02
    Lonmin Plc announced its production results for the 3 and 12 months to 30 September 2015. 

    This follows Lonmins year-end trading update, business plan and funding strategy released on 21 October 2015.

    As announced on 21 October 2015, Lonmin is taking decisive action to..
  • Impala Platinum reports increase in platinum production

    2015-10-30
    Impala Platinum Holdings Limited has released its production report for the first quarter ended 30 September 2015. 

    Safe production remains our principle priority and is a key component in delivering on the Groups strategic objectives. Regrettably, an employee passed away in a fall-of-ground incident at the jointly-managed..
  • Resource Generation releases report update

    2015-10-29
    Resource Generation Limited has released a quarterly report update for the three month period ended 30 September 2015. 

    Negotiations continued during the quarter with various parties to provide project finance for the construction of the Boikarabelo mine.

    One of these p..
  • Oando releases H1 FY15 results

    2015-10-26
    Oando Plc released its results for the six months ended 30 June 2015. 

    Financial Highlights:

       -   Turnover decreased by 7%, N180 billion compared to N194.6 billion (H1 2014)
       - &am..
  • Wescoal Holdings reports a loss in revenue

    2015-10-21
    Wescoal Holdings Limited released its unaudited condensed consolidated interim results for the six month period ended 30 September 2015. 

    -   Elandspruit mine operational and proven expected production capacity and quality as anticipated.
    -   Trading division operating EBITDA at R28,..
  • Lonmin exceeds platinum guidance for FY15

    2015-10-21
    Lonmin Plc has released a trading update for the year ended 30 September 2015. 

    On an unaudited basis, Lonmin's sales of platinum exceeded its guidance for the year ended 30 September 2015, achieving sales of 751,560 platinum ounces compared to forecast guidance of 730,000 platinum ounces. 
  • Base Resources releases operational update

    2015-10-21
    Base Resources Limited released a quarterly operational update at its Kwale Mineral Sands Operations located in Kenya, East Africa.  

    With the consistent achievement of design availabilities and throughputs in both the wet concentrator plant (WCP) and mineral separation plant (MSP) and recoveries in the WCP, the focus r..
  • Northam Platinum concludes wage agreement

    2015-10-20
    Northam Platinum Limited has concluded a three year wage agreement between mining contractor, Murray and Roberts Cementation and its representative unions, the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity across MRC operations. 

    This agreement will consequently be appli..
  • Royal Bafokeng reports an improvement in tonnes milled

    2015-10-19
    Royal Bafokeng Platinum Limited has released its quarterly review and production report for the period ended 30 September 2015. 

    Key features

        -    Tragically one scraper winch related fatal accident
     ..
  • Rockwell Diamonds releases its financial results

    2015-10-16
    Rockwell Diamonds Incorporated  has released its financial results for the three month period ended 31 August 2015. 


    Highlights:

    -   Rockwell continued to make progress with its promised restructuring..
  • Keaton Energy Holdings releases H1 FY15 production update

    2015-10-15
    Keaton Energy Holdings Limited has released its  first half production update for the half year ended 30 September 2015.

    Vanggatfontein reported a LTIFR of 0.38 (H1 FY2015: 0.04) and Vaalkrantz a LTIFR of 0.17 (H1 FY2015:0.12). Safety remains a management focus area and Keaton Energy continues to strive for a zero harm envi..
  • Pan African Resources concludes wage agreements

    2015-10-14
    Pan African Resources Plc has concluded wage negotiations at its gold mining operations and entered into multi-year agreements with the unions representing employees. 

    Barberton Mines has concluded a two-year agreement with the National Union of Mineworkers and the United Association of South Africa ("UASA") on wa..
  • Kibo Minings update on Mbeya Coal to Power Project

    2015-10-14
    Kibo Mining Plc  has significantly improved financials for the Mbeya Coal to Power Project's ("MCPP") coal mine component.

    The Company and its advisers Minxcon Projects have now completed a financial optimization  study for the MCPP coal mine, based on feasibility results received to date.
  • Tharisa releases Q4 FY15 production report

    2015-10-09
    Tharisa Plc released its production report for the three month period ended 30 September 2015. 

    Optimal waste and inter-burden removal was a key focus area in this quarter to ensure that sufficient reef in the required blend was available for processing. This focus, together with the re-opening of the West Pit, contributed ..
  • Botswana Diamonds releases drilling update

    2015-10-08
    Botswana Diamonds Plc released an update on their joint venture drilling programme on license PL 210 in the Orapa region of Botswana.
     
    A three hole drilling programme has been completed. The programme targeted an anomaly discovered by Alrosa using their Transient Electromagnetic Method (TEM) reinforced by soil sampling which had earl..
  • Centamin reports a 13% increase in gold production

    2015-10-08
    Centamin has released its preliminary production results for the quarter ended 30 September 2015 from its Sukari Gold Mine in Egypt.
     
    Preliminary total gold production for the quarter was 105 413 ounces, a 13% increase on Q3 2014 and in line with production in the second quarter 2015.  Full year production guidance of betwee..
  • Giyani Gold releases financial statements

    2015-10-07
    Giyani Gold Corporation released its interim financial statements for the six months ended 30 June 2015.

    The Company had a net loss of $1,431,089 for the six months ending June 30, 2015, compared to a loss of $1,667,150 for the previous period.

    Corporate, general and administrat..
  • Mozambi Resources commences with drilling at Chiwata

    2015-10-06
    Mozambi Resources Limited has announced that a Reverse Circulation drilling rig has been mobilised to site and drilling has now commenced at Chiwata prospect located in Tanzania.

    Drilling will be targeting large and jumbo flake graphite confirmed in ground assays on the 13th of August 2015. The Company planned a 1 800m RC drilling p..
  • Bounty Oil and Gas update on Kiliwani North joint venture

    2015-10-06
    Bounty Oil and Gas NL has announced that that the Tanzania Petroleum Development Corporation has notified Aminex Plc, the joint venture operator, of its intention to a 5% working interest in the Kiliwani North Development License and will become a full working interest partner going forward. 

    Under the terms of the Nyuni Ea..
  • Erin Energy releases operational update

    2015-10-05
    Erin Energy Corporation has released an Operational Updates regarding oil discovered in place of approximately 500 MMbbls offshore Ghana. 

    The Company  announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded S..
  • Jubilee Platinum completes transfer of ownership

    2015-10-05
    Jubilee Platinum Plc announced that on 30 September 2015 it formally transferred ownership and related risk and benefit in 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited, the owner of the Middelburg Smelter and 70% of the issued shares in Power Alt Proprietary Limited, the owner of the Power Plant for a combined consideration of R 110.5 million.
  • Harmony Gold successfully concludes wage agreements

    2015-10-02
    Harmony Gold Mining Company Limited has reached a three year wage agreement with the National Union of Mineworkers, UASA and Solidarity, effective from 1 July 2015. Increases range from 6% for miners, artisans and officials to 10.4% for category 4 employees.

    The new increase will ensure that all category 4 to 8 employees and B-lower..
  • Black Rock Mining releases drilling update

    2015-10-01
    Black Rock Mining Limited has announced highly encouraging results from the next two drill holes at the Cascade prospect at the Mahenge project located in Tanzania. 

    These results reiterate that Cascade has the potential to be both larger in size and higher in grade than the recently drilled Epanko north prospect. Drilling ..
  • Mozambi Resources releases EM survey results at Chiwata

    2015-10-01
    Mozambi Resources Limited has announced that results from the ground electromagnetic (EM)survey at Chiwata confirm conductive targets along strike from the known graphite mineralisation. 

    Results of the survey will be used to help target the holes in an upcoming drilling programme. Survey results indicate that graphite mine..
  • Ferrum Crescent releases FY15 financial results

    2015-10-01
    Ferrum Crescent Limited has released its final results for the year ended 30 June 2015. 

    Highlights

    - Drilling campaign completed to investigate the extent of Zone D at Moonlight Deposit and
       provide informati..
  • Goldplat releases FY15 preliminary results

    2015-09-28
    Goldplat Plc has released its preliminary results for the year ended 30 June 2015.

    Overview
    Focused on growth of market-leading gold recovery operations in South Africa and Ghana, with additional ups..
  • Goldplat provides operational update

    2015-09-23
    Goldplat Plc has announced further progress on capital projects aimed at improving the production and efficiency of its gold recovery operations in South Africa, Goldplat Recovery (Pty) Limited and an update at its Kilimapesa gold mine located in Kenya.

    Goldplat Recovery capital projects
    <..
  • Edenville Energy updates on the Rukwa coal project mining license application

    2015-09-23
    Edenville Energy Plc has released an update concerning its Mining License Application for the Rukwa coal project and recent discussions with potential EPC (Engineering, Procurement and Construction) partners in Tanzania.  

    The submission of the Mining Licence Application to the Tanzanian Ministry of Energy and Minerals (MEM..
  • Vast Resources commences with production at Pickstone-Peerless mine

    2015-09-23
    Vast Resources Plc has commenced with production at its 584 hectare Pickstone-Peerless gold mine in Zimbabwe, with its first gold smelt producing 8.5 kilogram of gold bullion, which will be delivered to the Fidelity refinery in Harare.  

    This milestone follows the maiden sale of approximately 450 tonnes of copper concentrat..
  • Coal Of Africa successfully completes placement

    2015-09-22
    Coal Of Africa Limited has successfully completed the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.

    The 183 231 261 ordinary shares were issued to Yishun, at 5.15 pence per share, in terms of the subscription agreement entered into between the Company and Yishun in relation thereto and raised 9 4..
  • Syrah Resources releases Balama project update

    2015-09-22
    Syrah Resources Limited  has released an update regarding its development activities at the Balama project located in Mozambique. 

    During September 2015, the Company successfully completed a fully underwritten AUD211 million capital raising to advance the development of the Balama project. A Feasibility Study compl..
  • Petra Diamonds reports a 10% decrease in revenue

    2015-09-18

    Petra Diamonds Limited has released its preliminary results for the year ended 30 June 2015.


    Financial Highlights
  • Further update on Waterberg Coal Companys voluntary suspension

    2015-09-18
    The Waterberg Coal Company Limited has requested an extension to its current voluntary suspension in the trading of its securities due to expire on 21 September 2015. 

    On  17 September 2015,  The Waterberg Coal Company Limited has entered into a non-binding term sheet with Sibanye Gold Limited. Whereby, in..
  • Kibaran Resources graphite production target increases by 50%

    2015-09-17
    Kibaran Resources Limited has announced that the completion of the Companys updated production growth strategy for its flagship projects in Tanzania in East Africa has resulted in a significant increase in potential graphite concentrate tonnages per annum. 

    The new work has confirmed that Kibaran Resources Epanko and Mere..
  • FAR commences with a new 3D seismic survey in Senegal

    2015-09-17
    FAR Limited and its Senegal joint venture partners have begun a new 3D seismic survey over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal.  

    The Polarcus Adira 3D seismic vessel will acquire data in the north and east parts of the permits along trend from existing mapped prospects where there is currentl..
  • Atlatsa Resources to implement a restructure plan at Bokoni mine

    2015-09-17
    Atlatsa Resources Corporation has advised that, together with its joint venture partner, Anglo American Platinum Limited, has determined to implement a restructure plan at Bokoni Platinum Mine Proprietary Limited, located in South Africa.

    The Bokoni Mine remains in development with its key Middelpunt Hill UG2 and Brakfontein Merensk..
  • Eastern Platinum receives approval from the Competition Authorities of South Africa

    2015-09-16
    Eastern Platinum Limited has announced that the Competition Authorities of South Africa has granted unconditional approval for the transaction whereby Hebei Zhongbo Platinum Co. Limited will acquire the Companys entire platinum group metals (PGM) business and all investments and loan agreements that Eastern Platinum has with its subsidiary companies.

    &..
  • Pan African Resources declares a dividend of R210 million for FY15

    2015-09-16
    Pan African Resources Plc has released its provisional audited results for the year ended 30 June 2015. 

    • The group headline earnings in ZAR terms was R213.6 million (2014: R452.0 million) and in GBP terms was GBP11.9 million (2014: GBP26.8 million).

    &..
  • Paragon Diamonds releases study results on the Mothae project

    2015-09-16
    Paragon Diamonds Limited has announced the results of two independent studies carried out by The MSA Group on the Mothae Kimberlite Project located in Lesotho, that Paragon is in the process of acquiring.

    The conclusions exceed managements initial expectations, as detailed in the announcement of 5 May 2015, that Mothae represents a..
  • Gem Diamonds announces sale of 357carat white diamond

    2015-09-16
    Gem Diamonds Limited has announced the sale of an exceptional 357carat white diamond (recovered at the Leteng mine in July 2015) which achieved $ 19.3 million on tender in Antwerp.

    Chief Executive Officer Gem Diamonds, Clifford Elphick, commented, "The Leteng mine has produced two remarkable +300 carat diamonds during the yea..
  • Central Rand Gold reports an overall revenue decrease

    2015-09-15
    Central Rand Gold has released its unaudited condensed consolidated Interim Results for the six month period ended 30 June 2015. 

    The loss before interest, tax and depreciation for the period under review amounted to US$0.7m, which is a significant improvement on prior year period operational loss of US$2.6m. 
  • Delrand Resources commences trading on NEX

    2015-09-14
    Delrand Resources Limited has announced that further to its 19 August 2015 press release, its common shares will begin trading on NEX, a separate board of the TSX Venture Exchange on 14 September 2015. 

    As previously announced, the voluntary delisting of the Companys common shares from the Toronto Stock Exchange will be ef..
  • Botswana Diamonds commences with drilling

    2015-09-14
    Botswana Diamonds Plc has released an exploration update regarding its activities in Botswana.  
     
    A 7-person Russian team of geologists and mineralogists has arrived in Botswana and work is now underway on Prospecting Licenses PL206, PL 085 and PL210.
     
    On PL 206, heavy co..
  • Buffalo Coal releases update on TSX listing

    2015-09-11
    Buffalo Coal Corporation announced that further to its press release dated 22 May 2015, has applied for a voluntary delisting of its common shares on the Toronto Stock Exchange and expects to submit an application for the listing and posting of the Common Shares on the TSX Venture Exchange (TSXV).

    The Company believes that listing t..
  • ArcelorMittal South Africa makes Board changes

    2015-09-10
    ArcelorMittal South Africa Limited has announced the appointment of Neville Nicolau as an Independent Non-Executive Director of the Board with affect from 10 September 2015 and the appointment of Lungile Cele as an Independent Non-Executive Director of the Board with effect from 04 January 2016. 

    Nicolau holds a BTech in Mi..
  • Glencore releases an operational update on its African copper operations

    2015-09-09
    Glencore Plc has commenced with a review of the business, operations and expenses of its 74.4% owned subsidiary, Katanga Mining Limited, as well as its Mopani copper mines.

    These reviews are underway due to the current challenging environment for commodities.

    The Company reporte..
  • Magnis Resources receives a Special Mining License

    2015-09-08
    Magnis Resources Limited has been granted a Special Mining License by the Ministry of Energy and Minerals of Tanzania for the Nachu graphite project. 

    The license approval will enable the Company to  finalise funding arrangements for further project developments. The Company reported that the license was granted to..
  • Petmin announces changes to the Board

    2015-09-08
    Petmin Limited has announced that Lebo Mogotsi, current Executive Deputy Chairperson, will serve as the Non-Executive Deputy Chairperson with effect from the Companys 2015 Annual General Meeting.

    Subsequent the conclusion of the Annual General Meeting, Mogotsi will no longer serve as an executive member of the Company. Furthermore,..
  • Gemfields releases auction update

    2015-09-08
    Gemfields Plc has released results from its auction of higher quality rough emerald extracted by its 75% owned subsidiary, Kagem Mining Limited as well as higher quality amethyst extracted from Kariba Minerals Limited, a 50% owned subsidiary, both operations are located in Zambia 

    The Company reported that the em..
  • West African Resources discovers new gold at M3 prospect

    2015-09-08
    West African Resources Limited has released results from its first-pass shallow oxide Reverse Circulation drilling conducted at the M3 prospect, in the Tanlouka gold project, located in Burkina Faso. 

    Drilling confirmed shallow high-grade oxide mineralisation of 32 metres at 5.02 g/t gold including 13 metres at 7 g/t gold f..
  • The Waterberg Coal Company releases update on voluntary suspension

    2015-09-07
    The Waterberg Coal Company Limited has requested an extension to its voluntary suspension in the trading of its securities due to expire on 7 September 2015.

    The Company is currently seeking for an extension in order to finalise a proposed third party funding arrangement to replace its existing funding facility with Standard Bank of..
  • Predictive Discovery announces results on exploration near Bongou

    2015-09-04
    Predictive Discovery Limited has released an update on its activities in West Africa. 

    The Company reported that an exploration target near the Bongou gold deposit in Burkina Faso has been calculated on drilled prospects demonstrating a range of approximately 9.4 to 10.4 million tonnes averaging between 1.5 to 1.7 g/t gold ..
  • ArcelorMittal South Africa continues to seek sustainable profitability

    2015-09-03
    ArcelorMittal South Africa Limited is currently engaging with its stakeholders, Government and organised labour to review its Vereeniging works, in South Africa. 

    The Company continues to engage in discussions around whether to mothball some of the plants and place others under care and maintenance.
    &l..
  • Shanta Gold completes redevelopment of Bauhinia Creek and Luika pits

    2015-09-03
    Shanta Gold Limited has released its interim results for the six month period ended 30 June 2015.

    Strip ratios and future mining costs relating to the Bauhinia Creek and Luika pits, located in Tanzania, have been significantly reduced due the redesigning and re-optimising of the pits. The redevelopment of the pits had reduced ore pr..
  • African Potash secures a second fertiliser supply contract

    2015-09-03
    African Potash Limited has entered into a Memorandum of Understanding with a Malawian fertiliser company to supply over 50 000 tonnes of fertiliser.

    The agreement follows the announcement of the landmark trading agreement with the Common Market for Eastern and Southern Africa (COMESA ACTESA) and the Mask Africa Crowd Farm Fund Limit..
  • Atlatsa Resources uncertain about interim results release date

    2015-09-03
    Atlatsa Resources Corporation remains unsure of when its interim financial results for the three and six months ended 30 June 2015 will be released due to the uncertainties surrounding its operations, financial condition and the state of commodity markets.
     
    The Company remains in discussions with Anglo American Platinum Limited surro..
  • Lonmin updates on shaft closures and workforce reduction

    2015-09-03
    Lonmin Plc has released an update on the steps taken to reduce the companys cost base and underpin its ability to remain sustainable with the depressed platinum price.
     
    To date 1 400 employees have left the Company and Lonmins cash costs as at 31 July 2015 were R10 499 per ounce of platinum group metals, below the cost guidance of ..
  • Sable Mining Africa updates on the sale of its non-core assets

    2015-09-03
    Sable Mining Africa has advised shareholders that it has completed the Delta Mining Consolidated Limited transaction as well as an additional sale of a non-core asset in Liberia.
     
    As previously announced, Sable Mining Africa has sold its 63.5% stake in Delta Mining Consolidated Limited to Anglo African Capital Limited for a cash cons..
  • Sovereign Metals Scoping Study confirms extra large jumbo flakes

    2015-09-01
    Sovereign Metals Limited has released Scoping Study results for its Duwi flake graphite project in Malawi. 

    The study considered two production scenarios, the first one is the 1.5 million tonne per annum base case and the second one is the 0.55 million tonne per annum low tonnage case. 
  • Magnum Mining and Exploration sells its remaining shareholding in the Tantalite Valley project

    2015-09-01
    Magnum Mining and Exploration Limited has entered into a sale and purchase agreement with African Tantalum (Pty) Limited regarding its remaining 40% interest in the Tantalite Valley project located in Namibia. 

    Magnum Mining and Exploration, under the terms of the sale and purchase agreement will sell the 40% shareholding f..
  • Globe Metals and Mining enters into agreement with Malawian Government

    2015-09-01
    Malawi Ministry of Natural Resources, Energy and Mining has concluded an agreement with Globe Metals and Mining Limited, to provide exploration and mining access rights to the Katengeza graphite prospect.  

    The Company reported that the Malawi Ministry of Natural Resources, Energy and Mining removed a significant section of..
  • Premier African Minerals updates on RHA tungsten project

    2015-08-27
    Premier African Minerals Limited has released an update on its 49% owned RHA tungsten project located in Zimbabwe.

    The RHA process plant modifications, designed to improve on efficiency of the crushing circuits were installed and operational benefits of the plant have been confirmed. The plants through-put has improved significantl..
  • West African Minerals disposes of its Sierra Leone licenses

    2015-08-26
    On 27 February 2015, West African Minerals Corporation announced the implementation of a new stream-lined budget for 2015 to reduced expenditure, including the proposal to relinquish its licenses in Sierra Leone, which would reduce costs to $50 000 in the 2015 budget.

    The Company sold its entire interest in the share capital of its ..
  • Avocet Mining reports a decrease in gold production

    2015-08-26
    Avocet Mining Plc released its unaudited interim results for the six month period ended 30 June 2015. 

    Gold production was 11% lower, at 39 859 ounces, for H1 FY15 compared to gold production of 44 798 ounces recorded for H1 FY14, reflecting complex ore body and knock-on effects of the strike at the Inata gold mine located ..
  • West African Resources drilling programme yields high grade results

    2015-08-25
    West African Resources Limited has released its results from the shallow oxide Reverse Circulation drilling at its Mankarga 1 prospect at the Tanlouka permit located in Burkina Faso. 

    Results from the drilling programme confirmed shallow oxide mineralisation at Mankarga 1 prospect. 

    ..
  • Waterberg Coal Company requests extension on voluntary suspension

    2015-08-24
    Waterberg Coal Company Limited requested an extension to its current voluntary suspension in the trading of its securities on the ASX which expired on Monday 24 August 2015 prior to commencement of trade.

    The Company is seeking the extension to the voluntary suspension to allow time to finalise a proposed third party funding arrange..
  • Tlou Energy successfully completes drilling at Selemo

    2015-08-24
    Tlou Energy Limited has successfully completed the drilling of the first two new lateral production wells at the Selemo project in Botswana. 

    The Company is investigating a dual listing on the AIM market of the London Stock Exchange. A final decision in regards to the listing process will be made in the next few months.<..
  • Northam Platinum satisfied with performance from operations

    2015-08-21
    Northam Platinum Limited has released its preliminary results for the year ended 30 June 2015. 

    During the year, the Company secured the R606 billion Black Economic Empowerment equity transaction with Zambezi Platinum Limited for a 10 year period. 

    Northam Plat..
  • Gem Diamonds delivers strong performance for H1 FY15

    2015-08-20
    Gem Diamonds Limited has released its half year results for the six months ended 30 June 2015. 

    Revenue in H1 FY15 was reported to be $118.0 million, down from the $148.9 million reported for H1 FY14. Underlying EBITDA had decreased from $63.5 million as reported for H1 FY14 to $46.1 million for H1 FY15.
  • Bauba Platinum reaches its targeted production rate

    2015-08-19
    Bauba Platinum Limited has released its consolidated provisional results for the year ended 30 June 2015. 

    During the period under review, Bauba Platinum underwent significant changes from being a junior platinum explorer to a cash generating chrome producer. The change was a result of the shares transaction approved by sha..
  • Harmony Gold reports an 8% decrease in production

    2015-08-19
    Harmony Gold Mining Company Limited released its Q4 FY15 and FY15 results for the period ended 30 June 2015. 

    Gold production increased by 4% from 7 642 kilograms recorded for Q3 FY15 to 7 977 kilograms in Q4 FY15. All-in sustaining costs remained stable at R478 746 per kilogram. Headline Earnings per Share incre..
  • Northam Platinum receives equity injection from BEE transaction

    2015-08-19

    Northam Platinum Limited released its trading statement for the year ended 30 June 2015.


  • Lemur Resources acquires vanadium project in South Africa

    2015-08-18
    Bushveld Minerals Limited has announced that its subsidiary, Lemur Resources Limited, has signed a binding term sheet with Sable Metals and Minerals Limited to acquire a vanadium project located in South Africa.  

    The project comprises of three greenfields properties, which are prospective for vanadium, and are located in t..
  • Cardinal Resources confirms gold zone north of Namdini

    2015-08-18
    Cardinal Resources Limited has released its drilling results from the recently acquired area north of the Namdini mining license, which is located within the Companys Namdini project in Ghana. 

    Results from drill hole NMRC467-774 indicated 67 metres at 3.10 g/t gold from 3 metres vertical depth, including 3 metres at 15.30..
  • Tawana Resources updates on Mofe Creek project

    2015-08-18
    Tawana Resources NL has submitted a Scoping Report and Terms of Reference report for an Environmental and Social Impact Assessment for review to the Environmental Protection Agency of Liberia. 
     
    Upon receiving approval from the Environmental Protection Agency, the Company will fully progress with the Mofe Creek projects Env..
  • Caledonia Mining releases results

    2015-08-18
    Caledonia Mining Corporation has announced its operating and financial results for H1 FY15 and Q2 FY15.

    The Company reported that its gold production of 20 361 ounces in H1 FY15 and 10 401 ounces for Q2 FY15 was slightly ahead of target. On mine cost per ounce of $729 per ounce for Q2 FY15 and $699 per ounce for H1 FY15 was higher d..
  • BHP Billiton makes changes to the Board of Directors

    2015-08-14
    Chairman of BHP Billiton Plc, Jac Nasser, has announced a number of changes to the Groups Board of Directors. 

    Anita Frew has been appointed to the Board as an Independent Non-Executive Director with effect from 15 September 2015. 

    Frew has over 18 years of ex..
  • Mozambi Resources receives positive graphite sample results

    2015-08-13
    Mozambi Resources Limited has received flake size results from the 3 rock chip samples collected from the Nachingwea project in Mozambique. 

    The samples were sent to SGS South Africa for analysis  and demonstrated that between 25% and 36% of the graphite samples, by weight, have a flake size greater than 300 micron..
  • Aquarius Platinums mines deliver record production for FY15

    2015-08-12
    Aquarius Platinum Limited released its preliminary full year results for the year ended 30 June 2015. 

    Revenue decreased by 9%, from $233 million reported in FY14 to $213 million in FY15, attributable to lower platinum group metal prices. 

    Mine EBITDA decreased..
  • Eastern Platinum updates on transaction restructuring

    2015-08-12
    Eastern Platinum Limited has advised that the proposed restructuring agreement entered into with Hebei Zhongbo Platinum Company Limited remains subject to the execution of definitive agreements and the receipt of all necessary South African regulatory approvals.

    Pursuant to this, the Company is seeking an extension to the Final Date..
  • Bauba Platinum expects an increase in earnings

    2015-08-12
    Bauba Platinum Limited has released a trading statement for the year ended 30 June 2015. 

    The Company expects a decrease in loss per share of between 95% and 115%  to be between 0.39 cents per share and 1.15 cents per share compared to the loss per share of 7.7 cents reported for FY14. 
  • Waterberg Coal Company requests extension to voluntary suspension

    2015-08-11
    The Waterberg Coal Company Limited has requested an extension to its voluntary suspension in the trading of its securities on the ASX which expired prior to commencement of trade on 10 August 2015.

    The Company is seeking the extension to allow time to finalise a proposed third party funding arrangement to replace its existing fundin..
  • Mozambi Resources granted additional prospecting licenses in Tanzania

    2015-08-11
    Mozambi Resources Limited has completed its initial review of the 18 applications encompassing the Nachingwea graphite project in Tanzania. 

    The Company selected 7 applications, of which 2 have already been granted and selected for 100% acquisition and the remaining 11 license applications were returned to the ve..
  • Apollo Consolidated identifies gold anomalies

    2015-08-11
    Apollo Consolidated Limited has identified new gold anomalies from the most recent batch of soil assay results collected from its Boundiali permit located in Cote dlvoire.

    The latest soil sampling results confirm the presence of up to 0.40 g/t gold and suggest potential for new zones parallel to the existing Antoinette anomaly. The..
  • Syrah Resources raises capital

    2015-08-11
    Syrah Resources Limited has successfully completed its placement and the institutional Entitlement Offer, raising approximately AUD166 million. 

    The completion of the placement and Entitlement Offer follows the Companys announcement regarding a fully written capital raising of approximately AUD211 million which will be use..
  • Paragon Diamonds set to acquire Mothae Kimberlite Resource

    2015-08-11
    Paragon Diamonds Limited announced that the Company obtained approval from the Government of Lesotho to complete its acquisition of the 75% interest and operatorship of Mothae Kimberlite Resource from Lucara Diamond Corporation.

    The Mothae Kimberlite Resource is located 5 kilometres from the Letseng diamond mine in Lesotho, also hom..
  • Tawana Resources discovers new mineralisation at Koehnko prospects

    2015-08-07
    Tawana Resources NL has discovered additional iron ore mineralisation from outcropping iron formations at both the Keohnko North East and Koehnko East prospects within the Mofe Creek project located in Liberia. 

    The Company mapped the mineralisation as predominantly friable itabirite with some higher grade hematite capping ..
  • Coal of Africa enters into agreements

    2015-08-05
    Coal of Africa Limited has entered into a subscription and a loan agreement with Singapore private investment company, Yishun Brightrise Investments PTE Limited.

    Yishen Brightrise Investments, under the subscription agreement, has agreed to acquire up to 183 231 261 ordinary shares, which is approximately 9.5% of the issued share sh..
  • StratMin Global Resources successfully completes stage 2 optimisation

    2015-08-05
    Earlier this year, StratMin Global Resources Plc commenced a staged optimisation programme at its Loharano plant, in Madagascar, and has successfully completed stage 2 of the programme.

    The Company reported that hourly production rates have increased significantly and graphite purity levels have been maintained.
  • Buffalo Coal reports a fall of ground at its Magdalena mine

    2015-08-05
    Buffalo Coal Limited has advised of a fall of ground at its Magdalena mine in South Africa.

    The fall of ground happened in an area of the mine that was being used as an access way for the conveying of coal from two production sections to surface. 

    The Company reports th..
  • Northam Platinum concludes wage negotiations with NUM

    2015-08-05
    Northam Platinum Limited has concluded wage negotiations with the National Union of Mineworkers (NUM) at its Zondereinde mine located in South Africa.

    The Company signed a three year wage agreement for increases on basic wages and allowances of 13% for entry level underground employees in year 1; 11.6% in year 2 and 10.5% in year 3...
  • Cardinal Resources recovers high grade gold from Namdini

    2015-08-04
    Cardinal Resources Limited released results for the diagnostic cyanide leach testing of Reverse Circulation chips from oxide and fresh mineralised zones within the Namdini mining project in Ghana. 

    Results indicated that 96% g/t gold was recovered from the oxide samples, while 89% g/t gold was recovered from fresh samples.&..
  • Firestone Energy concludes Paarl Waste Water Treatment Facility agreement

    2015-08-04
    Firestone Energy Limited has advised that the Waterberg coal project joint venture partners, through Sekoko Coal (Pty) Limited entered into an agreement with the Lephalale Municipal Council. 

    Waterberg coal project joint venture partners will take over the management and operation of the Paarl Waste Water Treatment Facility..
  • Black Rock Mining discovers a new prospect

    2015-08-04
    Black Rock Mining Limited has discovered a new mineralised zone at its Mahenge project located in Tanzania. 

    The Company discovered the Ulanzi prospect located 1 kilometre West of the Cascade prospect.  Assay results from the initial sampling demonstrated 36 samples averaging 11.1% Total Graphic Carbon, including b..
  • Merafe Resources reports a 16% increase in production

    2015-08-04
    Merafe Resources Limited released its interim financial results for the six months ended 30 June 2015. 

    Production increased to 195 000 tonnes, representing a 16% increase compared to the previous corresponding period. Revenue increased by 12% from R1.9 billion reported for H1 FY14 to R2.2 billion in H1 FY15. 
  • Royal Bafokeng Platinums balance sheet a priority

    2015-08-04
    Royal Bafokeng Platinum Limited has released its results for the six month period ended 30 June 2015.

    During the period under review, the Companys Board of Directors reduced capital expenditure on construction activities at the Styldrift I project, in South Africa, to maintain a strong balance sheet. A healthy balance sheet is a pr..
  • Wescoal Holdings Elandspruit mine delivers first coal production

    2015-07-30
    Wescoal Holdings Limited has released an update regarding operations at its Elandspruit mine located in Mpumalanga, South Africa. 

    The Company delivered first coal from its Elandspruit mine as planned. The coal was successfully processed at the beneficiation plant and the beneficiated product was in line with the Companys ..
  • Sylvania Platinum achieves a 7% increase in production levels

    2015-07-30
    Sylvania Platinum Limited released is full year production results for the fourth quarter ended 30 June 2015. 

    Sylvania Dump Operations platinum group metal ounce production increased by 5% to 13 468 ounces, from 12 778 ounces recorded during Q3 FY15. 

    The Com..
  • Lonmin announces Q3 FY15 Production Report and Business Update

    2015-07-29
    Lonmin Plc announces a business update as well as its production results for the three months ended 30 June 2015 

    The Company reported that the rolling 12 month average Lost Time Injury Frequency for the 12 months to 30 June 2015 increased to 5.26 incidents per million man hours compared to 2.76 at 30 June 2014, due to the ..
  • Aquarius Platinum reports a 6% increase in production from operating mines

    2015-07-29
    Aquarius Platinum Limited released its production results for the quarter ended 30 June 2015. 

    Attributable production from operating mines continued to increase by 5% quarter-on-quarter, a 6% increase compared to the previous corresponding period. Production at Kroondal and Mimosa remained at record levels for Q4 FY15.&..
  • Tanga Resources releases drilling results from Mabale Hills

    2015-07-28
    Tanga Resources Limited has released an exploration update for the Geita project in Mabale Hills located in Tanzania.

    Infill sampling identified coherent gold-in soil geochemical anomalies at the Manyiro prospect. Ground magnetic surveying carried out at the Manyiro prospect demonstrated intense magnetic anomalies occurring along a ..
  • Metals of Africa confirms excellent graphene results

    2015-07-28
    Metals of Africa Limited released results from its graphene test work at the Montepuez Central graphite project located in Mozambique. 

    The Company successfully produced graphene oxide and graphene at its 100% owned Montepuez Central graphite project. The three processes were tested and the thermal method, demonstrated prod..
  • Rift Valley Resources confirms potential major gold deposit

    2015-07-28
    Rift Valley Resources Limited has released further drilling results for its 100% owned Miyabi gold project located in Tanzania. 

    Drilling has been completed and the Company has received all assay results, which confirmed the presence of a thick high grade shoot at the Dalafuma prospect. Results included 18 metres at 6.90 g/..
  • Sibanye Gold expects a decrease in earnings

    2015-07-27
    Sibanye Gold Limited released its trading statement for the six months ended 30 June 2015. 

    The Company expects profit attributable to shareholders to be between R135 million and R230 million, a decrease when compared with profit attributable to shareholders of R533 million recorded during the six months ended 30 June 2014...
  • Anglo American releases financial update

    2015-07-24
    Anglo American Plc has released its half year financial report for the six months ended 30 June 2015. 

    Anglo American showed improved operational performance and accelerated cost and capex reductions. 

    The Company achieved underlying EBIT of $1.9 billion, repre..
  • Kumba Iron Ore achieves record export sales

    2015-07-21
    Kumba Iron Ore Limited has released its production and sales report for its 100% owned Sishen Iron Ore Company (Pty) Ltd for the second quarter ended 30 June 2015. 

    Total production was recorded at 10.4 million tones, a 9% decrease when compared to the 11.4 million tones recorded in Q2 FY14 and a 15% decrease when compared ..
  • Oklo Resources aircore drilling program returned significant intersections

    2015-07-21
    Oklo Resources Limited has released an update on its initial aircore drilling programme at the Socaf and Yanfolila projects located in western and southern Mali.

    The drill rig moved from the Socaf project to the Yanfoilia project and started the planned 1 000 metre aircore drilling programme. 
  • IMX Resources secures investors for Chilalo Graphite Project

    2015-07-21
    IMX Resources Limited has secured a AUD1.6 million strategic investment by a major Chinese company, owned by Chen Yonglian, as well as investments from key service providers and IMX Resources Directors. 

    This makes up over half of an AUD $3.0 million share placement comprising of 250 million shares at 1.2 cents per share, s..
  • Anglo American Platinum releases Q2 production report

    2015-07-21
    Anglo American Platinum Limited has released its production report for the second quarter ended 30 June 2015. 

    The Company reported a 60% increase in group equivalent refined platinum production to 572 000 ounces. Refined platinum production increased by 33% to 561 000 ounces compared to the strike which affected the Q2 201..
  • Kibo Mining updates on Joint Development Agreement with SEPCO III

    2015-07-21
    Kibo Mining Plc has announced that all conditions precedent in the Joint Development Agreement with Shandong Electric Power Construction Corporation (SEPCO III) have been fulfilled and the Agreement is now unconditional. 

    SEPCO III has fulfilled its funding commitments as stated under the terms of the Agreement. &l..
  • Aureus Mining updates on New Liberty gold mine

    2015-07-21
    Aureus Mining Incorporated has released an update on its New Liberty gold mine located in Liberia.

    Following a successful period of commissioning, the New Liberty process plant has reached the nameplate capacity. 

    The process plant recently underwent a 24 hour performan..
  • Kibaran Resources receives mining license in Tanzania

    2015-07-20
    Kibaran Resources Limited has been granted a mining license by the Ministry of Energy and Minerals of Tanzania for its Epanko graphite project. 

    The mining license was the remaining major milestone for the Company in terms of approval from the government. 

    The ..
  • Anglo American receives 992 million for Lafarge Tarmac sale

    2015-07-17
    Anglo American Plc has successfully completed the sale of its 50% ownership interest Lafarge Tarmac Holdings Limited to Lafarge SA. 

    The Company received approximately 992 million in cash proceeds, constituting the agreed minimum consideration of 885 million as stipulated in the July 2014 binding agreement and approximate..
  • Anglo American reports a 9% decrease in iron ore production

    2015-07-17
    Anglo American Plc has announced its production report for the second quarter ended 30 June 2015. 

    Kumba Iron ore Limited, a subsidiary of Anglo American reported a decrease in production of 9% to 10.4 million tonnes due to mining feedstock restraints applied at the Sishen mine in South Africa.
  • Rockwell Diamonds reports a loss for the quarter

    2015-07-15
    Rockwell Diamonds Incorporated releases results for Q1 FY16 and highlights plans for the future.

    During the quarter, Rockwell Diamonds acquired and assumed operating control of the Remhoogte/Holsloot project in Middle Orange River, South Africa.

    Financing is planned to raise bot..
  • Edenville Energy commences with Power Plant Feasibility process

    2015-07-15
    Edenville Energy Plc has released an update regarding its Rukwa coal to power project in Sumbawanga, located in Tanzania. 

    The Company is currently in the formal review process for the Rukwa Power Plant Feasibility Study with the Ministry of Energy and Minerals in Tanzania and Tanesco, the countrys power generator.&nbs..
  • Cradle Resources Panda Hill study on schedule

    2015-07-14
    Cradle Resources Limited released its update on the feasibility study currently being conducted at the Panda Hill niobium project in Tanzania. 

    The feasibility study is on schedule as all the key activities have commenced and the revised concept considers an initial throughput of approximately 1.3 million tonnes per annum, ..
  • IMX Resources updates on Ntaka Hill project

    2015-07-14
    IMX Resources Limited and its joint venture partner Loricatus Resource Investments have released a summary of the technical worked completed in the Ntaka Hill nickel project located in Tanzania. 

    Results from the work indicated that the project has potential to be developed as a high-grade open pit and underground operation..
  • Kibo Mining releases data interpretation results

    2015-07-13
    Kibo Mining Plc has released its independent airborne geophysical data interpretation results for the Haneti nickel project located in Tanzania. 

    The report confirmed the position, strike extent and internal structure of two new mafic-ultramafic zones expanding significantly the previous known footprint of the Haneti-Itis..
  • Hummingbird Resources signs a Mineral Development Agreement

    2015-07-13
    Hummingbird Resources Plc, through its wholly owned subsidiary Hummingbird Resources (Liberia) Inc, has signed a 25 year Mineral Development Agreement with the Government of Liberia for the 2 000 kilometre Dugbe Shear Zone which contains its 4.2 million ounce Dugbe gold project in Liberia.

    The Agreement will be sent for ratificatio..
  • Triton Minerals provides an update on Mozambique projects

    2015-07-13
    Triton Minerals Limited has released an update regarding the recent activities conducted at the Nicanda Hill, Ancuabe and Balama South graphite projects, all located in Mozambique.

    The Company reported that development and timeline is on-track at Nicanda Hill, with the Environmental and Social Impact Assessment and the Environmental..
  • Firestone Energy requests extension of voluntary suspension

    2015-07-09
    Firestone Energy Limited has requested an extension to its voluntary trading suspension of its securities which is due to expire on 10 July 2015.

    The extension will allow time to finalise third party funding to replace its existing funding arrangement with Standard Bank of South Africa. 

    <..
  • Wescoal Mining appoints a new mining contractor

    2015-07-09
    Wescoal Mining (Pty) Limited, a subsidiary of Wescoal Holdings Limited, has announced the appointment of Diesel Power Open Cast Mining (Pty) Limited as the mining contractor for the Elandspruit mine in Mpumalanga, South Africa. 

    The Company has commenced with mining activities at the Elandspruit mine and will start producin..
  • Tawana Resources discovers new DSO hematite mineralisation

    2015-07-09
    Tawana Resources NL has discovered new high-grade Direct Shipping Ore (DSO) hematite mineralisation averaging 62.8% iron and 66% iron in Monrovia, Liberia.

    In addition, the Company discovered a strike greater than 2.2 kilometres of friable itabirite mineralisation in the Goehn prospect as part of its ongoing low-cost exploration str..
  • Tharisa reports an increase in PGM production

    2015-07-08
    Tharisa Plc has released its production report for the three months ended 30 June 2015.  

    The Company reported that the volume of 6E (ruthenium, rhodium, palladium, osmium, iridium, and platinum) platinum group metals produced increased from 17.4 thousand ounces for Q3 FY14 to 33.5 thousand ounces for Q3 FY15. <..
  • Gryphon Minerals updates on Banfora gold project

    2015-07-07
    Gryphon Minerals Limited released the results of the Optimisation Study for the development of a 2 million tonne per annum heap leach start up operation at its flagship Banfora gold project in Burkina Faso. 

    Results from the study demonstrated excellent project economics from optimisation of the start-up 2 million tonnes pe..
  • Globe Metals and Mining secures mining lease

    2015-07-07
    Globe Metals and Mining Limited has received approval for its mining lease application from the Ministry of Natural Resources, Energy and Mining of Malawi for the Kanyika niobium project. 

    The mining lease is subject to the conclusion of a Development Agreement, which will, once finalised, specify the conditions of operatio..
  • Caledonia Mining reports a 4.7% increase in gold production

    2015-07-06
    The Blanket Mine in Zimbabwe, a 49% owned subsidiary of Caledonia Mining Corporation, has released its production update for the quarter ended 30 June 2015.

    Gold production for the Blanket Mine remains on track to achieve its target production of 42 000 ounces for 2015. 

  • Cardinal Resources releases drilling update from Namdini

    2015-07-03
    Cardinal Resources Limited has released its drilling results from the Namdini Mining License in Ghana. 

    The Company successfully completed its first drill hole located 400 metres north along strike at the Namdini mining license.

    Results from the drilling yielded 99 metr..
  • South32 appoints Dr Xolani Mkhwanazi as the new Director

    2015-07-02
    South32 Limited has appointed Dr Xolani Mkhwanazi to serve as the Companys new Non-Executive Director with effect from 02 July 2015. 

    Dr Mkhwanazi has been serving as Chairman of BHP Billiton Limiteds South Africa operations since October 2008. He serves also, as the President and Chief Operations Officer of BHP Billiton..
  • Vast Resources updates on Pickstone-Peerless gold mine

    2015-07-02
    Vast Resources Plc has released a progress update for the Pickstone-Peerless gold mine located in Zimbabwe. 

    The first two blasts, one being at Pickstone open cast and one at the Peerless open cast pit, have been completed. 

    The Company is currently building th..
  • Coal of Africa updates on Mooiplaats asset sale

    2015-07-02
    Coal of Africa Limited has advised that the sale and purchase agreement entered into with Blackspear Capital for the disposal of the Mooiplaats Colliery for R250 million will not be extended further and therefore will lapse.

    Coal of Africa is continuing discussions with various parties regarding the sale of the Mooiplaats asset, inc..
  • Delrand Resources delists on TSX

    2015-07-01
    Delrand Resources Limited has voluntarily delisted its common shares from the Toronto Stock Exchange after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits for the Company and its shareholders. 

    Ongoing costs and expenses, both direct and indirect associated with listing on the..
  • Jubilee Platinum completes tranche 2 to acquire the DCM project

    2015-07-01
    Jubilee Platinum Plc has completed tranche 2 of the acquisition to acquire 100% interest in Pollux Investment Holdings (Pty) Ltd which holds the exclusive rights to the DCM platinum recovery project in Limpopo, South Africa. 

    The DCM platinum recovery project is the benefication of the platinum group metals from the chrome ..
  • Sula Iron and Gold releases interim results

    2015-07-01
    Sula Iron and Gold Plc released its unaudited consolidated interim results for the six months ended 31 March 2015.

    During the period under review, the Company undertook an exploration programme that yielded high concentration levels of coltan along streams originating from deeper within its license area. During the gold exploration ..
  • African Rainbow Minerals and Assore conclude Dwarsrivier mine acquisition

    2015-07-01
    African Rainbow Minerals Limited and Assore Limited have reached a definitive agreement for Assore to acquire 50% interest in the Dwarsrivier chrome mine in South Africa. 

    The Dwarsrivier chrome mine is currently owned and operated by Assmang (Pty) Limited, an equal joint venture between African Rainbow Minerals and Assore...
  • Universal Coal expects an increase in EBITDA

    2015-06-30
    Universal Coal Plc has released a trading statement for the quarter ending 30 June 2015 and reported that group EBITDA is expected to be 50% higher than the previous corresponding quarter.

    The expected increase in EBITDA is attributable to the Company achieving optimal run of mine production post the completion of the ramp up period..
  • Rift Valley confirm high grade mineralisation in Tanzania

    2015-06-30
    Rift Valley Resources Limited has received assay results from the Dalafuma and Dalafuma North West prospect area at the Miyabi gold project in Tanzania.

    The drill results included 23 meters at 4 .22 gram per tonne from 45 meters, 27 meters at 3.64 grams per tonne from 78 meters including 3 meters at 21.7 grams per tonne from 93 mete..
  • Kumba Iron Ore appoints a new Non-Executive Director

    2015-06-29
    Kumba Iron Ore Limited has announced the appointment of Andile Sangqu as a Non-Executive Director of the Companys Board with effect from 29 June 2015. 

    Sangqu is currently serving as the Executive Head of Anglo American South Africa and is now appointed on Kumba Iron Ores Board as a shareholder representing Ang..
  • IMX Resources receives cash payment

    2015-06-29
    IMX Resources Limited has received a cash payment of $1.7 million from Loricatus Resource Investments, a subsidiary of Fig Tree Resources Fund II.

    The cash payment is the remainder of the first tranche of $2.0 million which is payable by Fig Tree Resources Fund under the joint venture agreement for the Ntaka Hill Nickel project loca..
  • Black Rock Mining updates on Mahenge project activities

    2015-06-29
    Black Rock Mining Limited has released an update on exploration activities currently underway at its Mahenge project located in Tanzania.

    The Company reported highly encouraging early stage results. 

    Black Rock Mining drilled spectacular coarse flake graphite at Epanko ..
  • Sephaku reports significant improvement in financial results for FY15

    2015-06-26
    Sephaku Holdings has released its audited financial results for the year ending 31 March 2015.

    The Companys subsidiary Metier recorded a 36% increase in revenue from R571.5 million as reported for FY14 to R775.4 million for FY15 and a 39% increase in EBITDA from R100.0 million to R139.1 million. Metiers Operating profit increased ..
  • Keaton Energy Holdings reports a 5% increase in revenue

    2015-06-24
    Keaton Energy Holdings Limited has released its reviewed provisional condensed consolidated results for the year ended 31 March 2015. 

    Cash generated from operations increased by 29%, from R416.9 million achieved during FY14 to R536.9 million in FY15. 

    Revenue ..
  • Castle Minerals and Dundee Precious Metals enter into an agreement

    2015-06-23
    Castle Minerals Limited  and Dundee Precious Metals Incorporated have entered into a Heads of Agreement regarding two of Castle Minerals concessions in north west Ghana.

    Under the agreement, Dundee Precious Metals is able to earn up to an 80% stake in the two Wa South concessions. Dundee Precious Metals has agreed to provi..
  • Mozambi Resources receives mineral rights

    2015-06-23
    The Tanzanian Ministry of Energy and Minerals has granted Mozambi Resources a mineral right on three key tenements that make up the Nachingwea Graphite project. 

    Wide zones of graphitic schist continues to be identified through recognisance mapping on the Nachingwea project. The priority target has an outcropping width of 1..
  • Wescoal reports excellent results for FY15

    2015-06-23
    Wescoal Holdings Limited has released its group annual results for the year ended 31 March 2015.

    Wescoals revenue increased by 46.0% to R1.67 billion. The Group reported a positive increase in margin percentage across both Miming and Trading.  Cash generation increased by 101% and operational EBITDA grew 5.7% to R107 milli..
  • Metals of Africa discovers high grade graphite at Montepuez

    2015-06-23
    Metals of Africa Limited has released results from its ongoing resource definition drilling programme at the Montepuez central graphite project in Mozambique. 

    The drilling programme indicated high grade graphite mineralisation intersection and confirmed three mineralised prospects within the project-Buffalo, Elephant and L..
  • AME East Africa enters into joint venture agreement with Rio Tinto

    2015-06-23
    AME East Africa Limited, a subsidiary of Savannah Resources Plc, has conditionally agreed to an unincorporated joint venture with Rio Tinto International Holdings Limited. 

    Under the joint venture agreement, AME East Africas Mutumba, Dongane, Chilubane and Jangamo prospects will be combined with Rio Tinto Internationals a..
  • Predictive Discovery receives AUD260 000 payment from Toro Gold

    2015-06-22
    Predictive Discovery Limited has received AUD260 000 from Toro Gold Limited, its joint venture partner in Cote DIvoire. 

    The payment was made following the resolution of several conditions precedent in a detailed Shareholder Subscription Agreement executed by Predictive Discovery and Toro Gold in H1 2015.
  • Regency Mines updates on agromineral exploration programme

    2015-06-22
    Regency Mines Plc released an operational update on its agromineral exploration programme in Sudan. 

    During the exploration programme a total of 72 dry stream, 18 soil orientation and 10 rock chip samples were collected from the concession area. 

    The collected ..
  • Erin Energy commences with production from the Oyo-7 well

    2015-06-18
    Erin Energy Corporation has commenced with production from the Oyo-7 well located in OML 120 offshore Nigeria. 

    The well was drilled to a total depth of approximately 2 438 metres and was completed in the Pliocene formation. The Company expects that the Oyo-7 well will produce 7 000 barrels of oil per day, following optimis..
  • Petra Diamonds FY15 market update

    2015-06-17
    Petra Diamonds Limited released its results for the year ended 30 June 2015.

    Petra Diamonds is currently in a transitional period due to underground production at the Finsch and Cullinan mines in South Africa, which are being sourced from mature and diluted mining areas, causing variability in run of mine grade as well as in product..
  • Goldplat aims to clear backlog by December 2015

    2015-06-17
    Goldplat Plc has released an update relating to its gold recovery businesses and the significant progress each has made to counter the effects of Rand Refinery being unable to process certain by product material.

    Rand Refinery in South Africa, the Companys third party refining partner, has been unable to process certain by products..
  • Tawana Resources updates on Mofe Creek project

    2015-06-17
    Tawana Resources Nl has released an update regarding its Mofe Creek iron ore project located in Liberia.

    The Company has been granted approval to commence its exploration work programme on its exploration license, MEL1223/14. Tawana Resources will conduct further ongoing field mapping work to systematically assess remaining and addi..
  • Anglo American Platinum expects an increase in earnings

    2015-06-15
    Anglo American Platinum Limited has released its trading statement for the six months ended 30 June 2015.

    The Group expects Headline Earnings and Headline Earnings per Share to be between R31 million or  12 cents per share, which is higher than the Headline Earnings and Headline Earnings per Share reported during six months..
  • Assores Non-Executive Director resigns

    2015-06-15
    Assore Limited has announced the resignation of Robert John Carpenter as a Non-Executive Director of the Companys Board with effect from 15 June 2015.

    Carpenter had been with the Group for 51 years, 29 years of which he was serving as a Director.

    Assore is a JSE list..
  • Mustang Resources releases an exploration update on its diamond project

    2015-06-15
    Mustang Resources Limited has released an exploration update on its Save River diamonds project located in Mozambique.

    The Companys appointed diamond geologist will evaluate and analyse results for its recent trial mining programme.

    Mustang Resources is continuing with the surf..
  • Avocet Mining releases positive drilling results at Souma

    2015-06-15
    Avocet Mining Plc released positive results from its drilling campaign at Souma in Burkina Faso. 

    These are the first results to be released since the Company commenced with its  drilling and metallurgical test work programme in April 2015. 

    The progra..
  • Auroch Minerals PEA delivers excellent results

    2015-06-15
    Auroch Minerals NL has announced positive results from a Preliminary Economic Assessment conducted on its Fair Bride gold project in Mozambique. 

    The study has confirmed technical and economic viability, with a total gold production of 331 000 ounces over 7 years from an open pit and shallow underground mining, including a ..
  • Wescoal Holdings enters into a new agreement to acquire mining right

    2015-06-15
    Wescoal Holdings Limited has entered into a new acquisition agreement with Mintirho Mining (Pty) Ltd after the first agreement entered into on 07 August 2014 lapsed.

    The acquisition of the mining right will enable Wescoal Holdings to extend the life of Intibane mine until the end of 2017.

    ..
  • Tlou Energy updates on Selemo pilot

    2015-06-12
    Tlou Energy Limited has commenced with drilling operations at its Selemo pilot area in Botswana. 

    The Companys objective for the expanded drilling programme at Selemo is to extend gas flow rates for a longer term. 

    Tlou Energys underwritten non-ren..
  • Rift Valley Resources releases exploration update for Ozango

    2015-06-12
    Rift Valley Resources Limited has released an exploration update for its Ozango project in Angola.
     
    The Company reported that trenching and bulk sampling of Longonjo rare earths prospect has been completed and rare earth metallurgical test work is currently in progress.
     
    The conce..
  • Mwana Africas CEO resigns

    2015-06-11
    Mwana Africa Plc has announced approved changes to its Board of Directors.

    Kalaa Mpinga has resigned as the Chief Executive Officer of the Company with immediate effect.
     
    Yat Hoi Ning, former Interim Non-Executive Chairman, has been appointed to serve as the Executive Chairman of..
  • Mozambi Resources identifies wide zones graphite schist

    2015-06-11
    Mozambi Resources Limited has announced positive early results of geological mapping conducted at its Nachingwea graphite project in Tanzania.

    The Company reported that recognisance mapping at the Nachingwea graphite project identified wide zones of graphitic carbon on the first two tenements explored to date.
    ..
  • African Potash in negotiations with the Common Market for Eastern and Southern Africa

    2015-06-11
    African Potash Limited has entered into discussions with the ACTESA agency of the Common Market for Eastern and Southern Africa with a view to creating a vertical platform for the mining, production and distribution of fertiliser, focussed on the Eastern and Southern Africa region and beyond.

    The Company was identified as a potentia..
  • Kibo Mining commences work at Morogoro gold project

    2015-06-10
    Kibo Mining Plc has commenced its joint venture programme with Metal Tiger Plc at the Morogoro gold project in Tanzania.

    The Company reported that initial exploration work will investigate gold mineralisation anomalies that were previously identified, the work will include assay testing of existing samples for gold and multi-element..
  • Impala Platinum appoints a new Chairman

    2015-06-10
    Impala Platinum Holdings Limited has announced the appointment of Dr Mandla Gantsho as the new Independent Non-Executive Chairman with effect from 21 October 2015.
     
    Dr Gantsho has been serving as an Independent Non-Executive Director of the Company since his appointment in  August 2010. In addition, he is currentl..
  • Pan African Resources updates on Shanduka shareholding

    2015-06-10
    Pan African Resources Plc has released an update regarding the transaction agreements between Shanduka Group (Pty) Ltd, which holds 23.86% of the issued share capital of the Company, and the Pembani Group (Pty) Ltd.

    Requisite regulatory fillings have been submitted to merge the two entities and the merger is subject to regulatory an..
  • South32 delays restart of three furnaces at Metalloys

    2015-06-09
    Samancor Manganese joint venture Manager, South32 Limited, has delayed the restart of three of the four high-carbon ferromanganese furnaces at the Metalloys manganese alloy operation in South Africa.

    The Companys decision to delay the restart follows a decline in high-carbon ferromanganese alloy prices by 20% since the beginning of..
  • Firestone Energy requests extension on voluntary suspension

    2015-06-09
    Firestone Energy Limited has applied for an extension to its voluntary suspension of its securities which is due to expire on Wednesday 10 June 2015.

    The extension is to allow time for The Waterberg Coal Company Limited, its parent company, to finalise a proposed third party funding arrangement to replace its existing funding arrang..
  • Burey Gold releases further drilling results from the Giro gold project

    2015-06-09
    Burey Gold Limited released its drilling results for additional 16 holes drilled at the Giro gold project in the Kilo-Moto Belt located in the Democratic Republic of Congo. 

    Significant results from the drilling included: 47 metres at 4.13 g/t gold from 25 metres including 29 metres at 5.93 g/t gold from 25 metres from hole..
  • Cardinal Resources commences with Phase 1 and Phase 2 drilling at Namdini

    2015-06-09
    Cardinal Resources Limited has commenced with the Phase 1 and Phase 2 drill programmes within the Namdini mining license area in Ghana.

    The drill programme will test approximately three times the additional strike length than what the Company drilled previously. The Company has planned 32 Reverse Circulation holes at 50 by 50 spacin..
  • DiamondCorp places shares

    2015-06-08
    DiamondCorp Plc has placed 31 837 000 new ordinary shares of 0.1 pence each in the Company at 10 pence each to raise gross proceeds of approximately 3.18 million.
     
    The oversubscribed placement was undertaken with a range of new and existing institutional and private investors in both the UK and South Africa. 
    <..
  • Excalibur Mining Corporation to acquire Manganese deposit in Zambia

    2015-06-08
    Excalibur Mining Corporation Limited has entered into an agreement with Maybach Mining Services and Pinto Minerals Limited to conduct a due diligence on a Manganese deposit in early stage production in Zambia.

    The Company and Pinto Minerals have agreed to buy and Maybach Mining Services shareholders have agreed to sell 75% of their..
  • Ortac Resources CEO joins the Board of Zamsort

    2015-06-08
    Ortac Resources Limited has announced that, following a Secured Convertible Loan Note and Call Option Agreement entered into with Zamsort Limited, the Companys Chief Executive Officer, Vassilios Carellas, has joined the Board of Zamsort as a Director.

    Carellas appointment will involve an executive management role in the operations..
  • Sierra Rutile enters into an agreement with Carmanor

    2015-06-04
    Sierra Rutile Limited has entered into an agreement with Carmanor Limited to grow its agriculture subsidiary, African Lion.

    The Company reported that Carmanor will  earn-in to African Lion in return for fully-funding the expansion of African Lion's palm oil, rubber and cacao plantations over 2 500 hectares and the cons..
  • Acacia Mining commences with first stoping ore

    2015-06-03
    Acacia Mining Plc has commenced with stoping operations ahead of schedule at the Gokoma underground at North Mara in Tanzania. 

    The Company delivered the first ore to the process plant, which has demonstrated the expected geotechnical characteristics and delivered both grade and ore tonnes in line with the mine plan.&nb..
  • KEFI Minerals releases Definitive Feasibility Study update

    2015-06-03
    KEFI Minerals has released an update on its Definitive Feasibility Study for its Tulu Kapi gold project in Ethiopia.
     
    The Company anticipates capital expenditure requirement of $120 million ounces, based on contract-mining and new process plant. This excludes historical equity-funded costs of over $50 million.
    &..
  • Harmony Gold Mining Company updates on Doornkop mine restructuring

    2015-06-03
    Harmony Gold Mining Company Limited has released an update on its Doornkop mine restructuring in South Africa. 

    The Companys management is continuing with its consultation process with organised labour and other relevant stakeholders to explore a possible restructuring of the mine.

  • Sierra Rutiles study confirms viability of dry mining Sembehun

    2015-06-03
    Sierra Rutile Limited has announced the results of its study into dry mining the Sembehun deposit located in Sierra Leone.

    The results of the study confirms the viability of dry mining Sembehun. The study confirms also, that the Sembehun Dry Mine fits well into Sierra Rutile's previously announced long-term production plan and ..
  • Oakbay Resources and Energy reports improved financial performance

    2015-06-03
    Oakbay Resources and Energy Limited has released its condensed consolidated financial results for the year ended 28 February 2015.

    The Company reported that the existing open cast gold mining operations returned significant turnaround in profitability as a result of a concerted effort to boost efficiencies, improve productivity and ..
  • Ren Hochreiter resigns as Sable Metals and Minerals Executive Director

    2015-06-03
    Sable Metals and Minerals Limited has announced the resignation of Ren Hochreiter as an Executive Director of the Companys Board with effect from 1 June 2015. 

    Hochreiter will continue to serve as a Non-Executive Director of the Board and Member of the Social and Ethics Committee. 
  • New Liberty gold completes first gold pour in Liberia

    2015-06-03
    Aureus Mining Incorporateds 100% owned, New Liberty gold project, has successfully completed its first gold pour in the Republic of Liberia according to the project schedule.

    The Company reported that the hot and cold plant commissioning phases of the project continue to progress as scheduled. 
  • Rockwell Diamonds reports an increase in revenue

    2015-06-02
    Rockwell Diamonds Incorporated has announced its operating performance, for its projects in South Africa, for the three and twelve months ended 28 February 2015. 

    The Company reported lower grades at the Saxendrift project and lower volumes at Niewejaarskraal during wind-down for Q4 2015.

    <..
  • Kibo Minings projects exceeding expectations

    2015-06-02
    Kibo Mining Plc has signed various Joint Venture Agreements which will unlock further potential in Tanzania.

    The first phase results of the Definitive Feasibility Study for the Mbeya Coal to Power and the Imweru projects have exceeded managements expectations across all aspects.

  • Lucapa Diamond Company finance deal to increase cash flow

    2015-06-02
    Lucapa Diamond Company Limited has agreed on key terms of a financing deal that is aimed at doubling its alluvial diamond mining operations and growing cash flow significantly.

    The AUD4.5 million deal will see the Company source new Caterpillar earth moving fleet that will enable diamond mining at the Lulo Diamond Concession in Ango..
  • Stellar Diamonds raises $505 000 in diamond auction sales

    2015-06-02
    Stellar Diamonds Plc has released its latest diamond sale results from the auction of diamonds conducted at its Baoul kimberlite pipe in Guinea. 

    The Company raised approximately $505 000 before costs from the diamond auction and sold 6 lots totalling 48.12 carats of 5 carat stones, sold for $510.17 per carat. To date, the..
  • Viking Mines executes sale contract

    2015-06-01
    Viking Mines has executed a sale contract for its Akoase gold project located in Ghana for AUD10 million to the owner of the Sian gold project located 12 kilometres from Akoase. 

    The sale comes after a selective tender process that was conducted over several months by Vikings corporate adviser Emerald Partners to secure an..
  • Botswana Metals commences with extensive drilling at Maibele

    2015-06-01
    Botswana Metals Limited has commenced with its second extensive drilling programme at the Maibele north nickel joint venture prospect between the Company and BCL Limited. 

    The aim of the new drilling programme is to upgrade the current resource from inferred to indicated with infill drilling. The Company will complete addit..
  • Sipa Resources completes detailed gravity survey

    2015-05-29
    Sipa Resources Limited has completed the detailed gravity survey to map the structure and extent of the ultramafic intrusion at Akelikongo prospect in Uganda and surrounding areas. 

    Gravity survey results show evidence of ultramafic intrusive complex connected with the common nickel copper sulphide mineralisation.
  • Aura Energy submits application to extend exploration permit in Mauritania

    2015-05-27
    Aura Energy Limited has made an application for a mineral exploration permit over an area of 224 kilometre2 which joins to the south of its Hippolyte uranium resource in Mauritania.

    The Company reported that the area has recently become available and they are confident that the permit will be granted.
  • Oakbay Resources & Energy expects an increase in earnings

    2015-05-27
    Oakbay Resources & Energy Limited has released its trading statement for the year ended 28 February 2015.

    The Company expects a loss attributable to equity holders of the parent and Headline Loss attributable to ordinary shareholders for the year ended 28 February 2015 of between R35 million and R40 million, an improvement o..
  • Jubilee Platinums surface projects are progressing rapidly

    2015-05-27
    Jubilee Platinum Plc has secured additional interim funding to ensure that current business development activities and the platinum surface processing projects continue to operate at optimum levels. 

    The platinum surface projects continue to progress with the design phase having been executed and the principal engineering c..
  • Premier African Minerals releases update on RHA tungsten project

    2015-05-27
    Premier African Minerals Limited has released a progress update on its RHA tungsten project located in Zimbabwe. 

    The Company reported that the process plant was delivered to the RHA project site on schedule and that the offloading of the plant has been completed. 

  • Kibo Minings Definitive Mining Feasibility Study on schedule and within budget

    2015-05-27
    Kibo Mining Plc has released a progress update for the Phase 2, Stage 1 Definitive Mining Feasibility Study at the Rukwa coal to power project in Tanzania.

    The Definitive Mining Feasibility Study remains on schedule and within the set budget. The trade-off studies have identified potential for significant operating expenditure reduc..
  • Argonaut Resources recommences drilling at Lumwana West

    2015-05-26
    Argonaut Resources NL has recommenced with a 2000 metre diamond core drilling programme over four prioritised targets at its Lumwana West copper project in Zambia.

    Approximately 600 soil samples will be collected north of Kamafamba prospect in an area with encouraging structural geology.

    &..
  • Cardinal Resources raises over $1.1 million for new drilling campaign

    2015-05-26
    Cardinal Resources Limited has placed 15 384 616 fully paid ordinary shares at 6.5 cents each with a free listed option attached.

    The option is exercisable at AUD0.15 on or before 30 September 2019 for every share subscribed for, to raise AUD1 000 000.

    In addition, the Companys..
  • Lemur Resources receives takeover bid from Bushveld Minerals

    2015-05-26
    Lemur Resources Limited has announced that Bushveld Minerals Limited intends to make an off-market takeover bid for all of the ordinary shares in Lemur Resources that it does not currently own. 

    The Company reported that Bushveld Resources will offer AUD0.06 per share which place Lemur Resources value at AUD10.875 million...
  • Buffalo Coal continues with restructuring at its Dundee operations

    2015-05-25
    Following Buffalo Coal Corporations retrenchment process resulting from ongoing financial difficulties, the Company announced that it is currently considering restructuring alternatives at its Dundee operations in South Africa.  

    The Company reported that previous underperformance by Magdalena underground, which depleted i..
  • Avocet Mining releases Q1 2015 results

    2015-05-22
     Avocet Mining Plc has released its Q1 2015 production and cash costs update.

    The Company reported total gold production of 17 011 ounces for the quarter at a cash cost of $1 113 per ounce, in comparison to total gold production of 19 503 ounces at a cash cost of $1 052 per ounce produced in the Q4 2014.
  • South African Coal Mining Holdings announces new appointments

    2015-05-20
    South African Coal Mining Holdings Limited has announced the appointments of Christopher Dhlamini and Joseph Mokgokong as Independent Non-Executive Directors to the Board of Directors with immediate effect. 

    Dhlamini is a qualified Chartered Accountant with over 30 years of experience in auditing public entities in African ..
  • Caledonia Mining updates on resource base

    2015-05-20
    Caledonia Mining Corporation has announced an increase and an upgrade of its resource base at its Blanket Mine in Zimbabwe.

    The Company reported that it has been possible to upgrade 491 000 tonnes from the Inferred to Indicated Resource categories to add 47 000 tonnes of new inventory to Indicated Resource based on the drilling that..
  • South32 commences with trading on ASX, JSE and LSE Securities Exchange

    2015-05-20
    South32 Limited had been admitted to the official list of the Australian Securities Exchange and ordinary shares have commenced trading on a deferred settlement basis on 18 May 2015. 

    The Companys ordinary shares are expected to commence trading on a normal settlement basis on 2 June 2015. South32 will also have a secondar..
  • Tawana Resources and WISCO CAD enter into a MoU

    2015-05-20
    Tawana Resources NL has entered into a non-binding Memorandum of Understanding with WISCO CAD Mining Company Limited, relating to the access and use of the WISCO CADs port facilities in Liberia.

    Both parties are entering negotiations with the aim of finalising a definitive cooperation agreement for the use of the current existing w..
  • Kibaran Resources testwork determines superior graphite quality

    2015-05-19
    Kibaran Resources Limited has announced the results of its recent testwork designed to determine the suitability of its Epanko graphite project, in Tanzania, for the production of Expandable Graphite Salt.

    The testwork is being conducted alongside the process design testwork for the Bankable Feasibility Study to support graphite sal..
  • South Boulder Mines releases maiden results for the Colluli project

    2015-05-19
    South Boulder Mines Limited has released its maiden JORC Ore Reserve estimate for the Colluli potash project in Eritrea, East Africa.

    Results from the maiden JORC potassium salt Ore Reserve yielded an estimate of 1.1 billion tonnes at 10% Potassium equivalent, comprising of 287 million tonne Proved Ore Reserve and 820 million tonne ..
  • Mozambi Resources set to acquire two prospective graphite licenses

    2015-05-19
    Mozambi Resources Limited has extended the exclusivity period of the Term Sheet relating to the negotiations surrounding the sale and transfer of two prospective graphite licenses in Mozambique.

    The Company has signed a variation of the Term Sheet whereby the exclusivity period is extended by nine months following the execution of t..
  • Walkabout Resources confirms high grade graphite at Lindi Jumbo project

    2015-05-19
    Walkabout Resources has confirmed high grade assay results of up to 44% of Total Graphitic Carbon at its Lindi Jumbo Graphite project located in Tanzania.

    The 26 grab and dig samples across the substantial outcrop areas and pits on three of the four licences covered a strike distance of some 25 kilometres.
    <..
  • Atlatsa Resources reports a decrease of 4.4% in tonnes milled

    2015-05-15
    Atlatsa Resources Corporation has released its results for the fourth quarter and year ended 31 December 2015.

    The Company reported that total tonnes milled decreased by 4.4% quarter-on-quarter to 372 896.

    4E (platinum, palladium, rhodium and gold) platinum group metals of ounce..
  • Minemakers receives mine permit

    2015-05-15
    Minemakers Limited has announced that the Gadde Bissik prospect, a wholly owned subsidiary of Baobab Mining and Chemical Corporation SA, has been granted a Small Mine Permit in the Republic of Senegal. 

    The permit was granted for the Baobab phosphate project and gives the Company unlimited mining and processing within the 5..
  • Liontown Resources defines new drill target at Jubilee Reef

    2015-05-15
    Liontown Resources Limited has defined a new, high order gold target at the Simba prospect following a review of exploration data for the Jubilee Reef project located in Tanzania.

    The review defined a 1 kilometre South West and North East trending Target in Zone A, which remains open along strike and an extensive high order soil ano..
  • Sibanye Gold appoints a new Director

    2015-05-14
    Sibanye Gold Limited has announced the appointment of Jiyu Yuan as a Non-Independent Non-Executive Director of the Companys Board with effect from 12 May 2015.

    The appointment of Yuan is in accordance with a written agreement entered into between Sibanye Gold and Gold One International Limited for the acquisition by Sibanye Gold of..
  • Arcelormittal South Africa reports 8.7% increase in production

    2015-05-13
    Arcelormittal South Africa Limited has released its unaudited operational update for the quarter ended 31 March 2015.

    The Companys liquid steel production increased  by 8.7% to 108 000 tonnes, this was as a result of capacity utilisation rates increasing from 77% to 84% due to enhanced stability.
    <..
  • Randgold Resources profit boost from mining increases cash

    2015-05-13
    Randgold Resources Limited has released its production report for the three month period ended 31 March 2015.

    The Company reported a 5% increase in profit to $143.9 million, despite reduced gold production of 279 531 ounces resulting from planned lower grades. Profit of $51.3 million for Q1 2015 was impacted by increased exploration..
  • Minemakers delivers maiden Inferred Resource for Baobab Rock project

    2015-05-12
    Minemakers Limited has delivered its maiden Inferred Mineral Resource for the Gadde Bissik prospect, located in the Baobab Rock phosphate project in the Republic of Senegal.

    The Maiden Inferred Mineral Resource amounts to 68 million tonnes at 22% phosphorus pentoxide at an 18% phorphorus pentoxide cut-off. The 5 kilometer small min..
  • BHP Billiton makes changes to the Board of Directors

    2015-05-12
    BHP Billiton has announced the appointments of Frank Cooper, Peter Kukielski, Futhi Mtoba and Wayne Osborn as Non-Executive Directors of South32. 

    Keith Rumble was appointed to the South32 Board of Directors on 27 February 2015 and he is set to resign from BHP Billiton with effect from 22 May 2015. 
    <..
  • Premier African Minerals releases update on the Danakil project

    2015-05-12
    Premier African Minerals Limited has released a progress update on its subsidiary, Circum Minerals Limited, which holds a 100% stake in the Danakil potash project in Ethiopia.

    The current Mineral Resource Estimate for the Danakil project consists of 2.6 billion tonnes of Measured and Indicated Resources grading 19.2% potassium chlor..
  • Cardinal Resources expands exploration area at its Namdini project

    2015-05-12
    Cardinal Resources Limited released its Phase 1 and Phase 2 drilling programme for the expanded areas north of the Namdini mining license in Ghana. 

    The Company reported that the new drilling programme will test three times more strike length than the previous drilling programme, with 32 Reverse Holes planned at 50 by 50 sp..
  • IMX Resources diamond drilling programme commences

    2015-05-11
    IMX Resources diamond drilling programme has commenced at its Chilalo graphite project in Tanzania.

    The drilling programme will contain 13 diamond holes with a targeted 1 400 metres of drilling to be completed. The programme aims to upgrade approximately half of the current high-grade Inferred Resource at Chilalo to the Measured and..
  • Harmony Gold Mining Companys production profit increases

    2015-05-08
    Harmony Gold Mining Company Limited has released its operational and financial results for the third quarter and nine months ended 31 March 2015.

    The Company reported a 10% decrease to 7 652 kilograms in gold production, attributable to slow start-ups after the December 2014 holidays and safety stoppages.
  • Tawana Resources discovers new high-grade mineralisation

    2015-05-07
    Tawana Resources NL has announced the discovery of new high-grade mineralisation at its Mofe Creek license in Liberia.

    The Company reported that the Zaway South prospect includes grades of up to 61.6% of iron, a Direct Shipping Ore mineralisation, as well as coarse-grained, friable itabirite mineralisation over a strike larger than ..
  • Premier African Minerals reports progress on RHA project

    2015-05-06
    Premier African Minerals Limited has been advised by Appropriate Process Technologies (Pty) Limited that the process plant for the RHA tungsten project in Zimbabwe has been completed and is ready for shipment.

    Furthermore, Darwin Strategic Limited confirmed that all the necessary conditions for the second tranche of funding totallin..
  • Paragon Diamonds set to acquire a 75% stake in Mothae project

    2015-05-06
    Paragon Diamonds Limited has signed a Memorandum of Understanding with Lucara Diamond Corporation that will see the company acquire a 75% stake in the Mothae kimberlite resource located in Lesotho.

    Paragon Diamonds expects to create significant value for its shareholders through the acquisition of the low cost project which will foc..
  • Ferrum Crescent to sell a 39% in its Moonlight project

    2015-05-05
    Ferrum Crescent Limited has signed a Memorandum of Understanding with Principle Monarchy Investments Limited whereby Principle Monarchy Investments will acquire a 39% stake in the Moonlight iron ore project in South Africa.

    Ferrum Iron Ore (Pty) Limited, a 97% owned subsidiary of Ferrum Crescent, holds the rights to the Moonlight ir..
  • Nyota Minerals releases quarterly update

    2015-05-05
    Nyota Minerals Limited released its quarterly activities report for the three months ended 31 March 2015. 

    Exploration activity at the Northern Blocks in Ethiopia had ceased at period end due to a lack of funding. The Company is conducting a strategic review of its Ethiopian assets and continue to engage in discussions rega..
  • Coal of Africa announces its 3rd stage capital raising

    2015-05-05
    Coal of Africa Limited has advised shareholders that it will commence with the 3rd stage of its capital raising no later than 29 May 2015.

    The capital raising is for a total of 695 million shares at an issue price of GBP 0.055 per share.

    The 3rd stage will consist of 144 million..
  • Syrah Resources receives environmental license

    2015-05-04
    Syrah Resources Limited has received its environmental license for the Balama graphite project from the Ministry of Land, Environmental and Rural Development in Mozambique.

    Approvals for the Balama gaphite project received include a mining concession for a period of 25 years (renewable for an additional 25 years), a water license an..
  • The Waterberg Coal Companys Eskom project remains on hold

    2015-05-04
    The Waterberg Coal Company Limited has released its production report from its Waterberg coal project, in South Africa, for the quarter ended 31 March 2015.

    The Company reports that the project has confirmed coal resources of 3.883 billion tonnes with 2.070 billion tonnes of which being classified in the measured category.
  • Sibanye Gold reports a 5% decrease in production

    2015-05-04
    Sibanye Gold Limited has released its operational update for the quarter ended 31 March 2015.

    Gold production for the quarter decreased by 5% to 9 808 kilograms as a result of the slower than normal start-up following the December holiday period.

    The Company reported underground..
  • Kasbah Resources completes enhanced Definitive Feasibility Study

    2015-05-04
    Kasbah Resources Limited has released its quarterly activities report for the three month period ended 31 March 2015.

    The Company has received the final environmental acceptance for its Achmmach tin project, in Morocco, and further reports the key collective land rental agreement has been signed.

    <..
  • Tawana Resources releases quarterly activities report

    2015-05-04
    Tawana Resource NI has released its quarterly report for its Mofe Creek iron ore project in Liberia for the three month period ended 31 March 2015.

    During the period under review,  Ellen Johnson Sirleaf, President of the Republic of Liberia, appointed the Inter-Ministerial Concessions Committee to negotiate Tawanas Resourc..
  • Challenger Energy submits its Environmental Management Programme

    2015-05-04
    Challenger Energy has released its quarterly activities report for the period ending 31 March 2015.

    During the quarter, the Company submitted its revised Environmental Management Programme to the Petroleum Agency SA, putting in motion the 120 day approval process.

    The Company co..
  • Nyota Minerals releases quarterly update

    2015-05-04
    Nyota Minerals Limited released its quarterly activities report for the three months ended 31 March 2015. 

    Exploration activity at the Northern Blocks in Ethiopia had ceased at period end due to a lack of funding. The Company is conducting a strategic review of its Ethiopian assets and continue to engage in discussions rega..
  • Edenville Energy raises 250 000 through share placement

    2015-04-29
    Edenville Energy Plc has placed a total of 625 000 000 new ordinary shares of 0.02 pence each at an offer price of 0.04 pence per share raising a total of 250 000.

    The proceeds from the placement will be put toward completing the mining license application process.

    The newly is..
  • Construction at Premier African Minerals RHA tungsten project on schedule

    2015-04-29
    Premier African Minerals Limited has released a construction progress update for its RHA tungsten project in Zimbabwe. 

    The Companys plant fabrication is on schedule for shipment from Johannesburg, South Africa to the RHA tungsten project in Zimbabwe. The first run of mine ore has been stockpiled and the mine recruitment p..
  • Intrepid Mines has commenced drilling at its Mumbwa project

    2015-04-28
    Intrepid Mines Limited has announced an activities update from its Mumbwa project in Zambia. 

    4 priority targets have been identified, as well as 7 secondary targets. The Company reported that 1 diamond drill rig is currently on site and drilling for the 2015 season has begun.

    <..
  • Botswana Metals provides Maiden Inferred Resource estimate

    2015-04-28
    Botswana Metals Limited has announced the Maiden Inferred Resource estimate for the Maibele North ore body in Botswana.

    The Inferred Resource was estimated to be 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63 g/t 4 PGE (platinum, palladium, rhodium and ruthenium) and gold using a 0.3% nickel cut-off grade.
    <..
  • Kibaran Resources releases quarterly activities report

    2015-04-28
    Kibaran Resources has released its quarterly activities report from its projects in Tanzania, for the three month period ended 31 March 2015. 

    The Company reported that its the Bankable Feasibility Study continues to remain on schedule and within budget and is expected to be completed by the end of June 2015.
    <..
  • Petmin reports a 35% increase in sale volumes

    2015-04-28
    Petmin Limited has released an operational update for the nine months ended 31 March 2015.

    The Company has reported that its Somkhele team is continuing to focus on safety and productivity improvements in order to lower costs and increase production and sales at the Somkhele anthracite mine in South Africa.
    <..
  • Northam Platinums Everest Part A acquisition becomes unconditional

    2015-04-28
    Northam Platinum Limited has announced that the Conditions Precedent of the sale for assets agreement with Aquarius Platinum Limited have been fulfilled, as a result the sale of Everest Minings assets has become unconditional.

    The acquisition is being carried out in two parts. Part A is the acquisition of Everests equipment and as..
  • Kumba Iron Ore reports a 7% increase in production

    2015-04-28
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 march 2015.

    The Company reported a production total of 12.2 million tonnes, representing and increase of 7% on Q1 FY14 and a quarter-on-quarter decrease of 2%.

    Total export sales volumes..
  • DRDGOLD reports a 16% increase in operating profit

    2015-04-28
    DRDGOLD Limited has released a production update for the third quarter and nine months ended 31 March 2015.

    The Company reported that gold production increased by 2%, quarter-on-quarter, to 36 877 ounces of gold in Q3 FY15.

    All-in sustaining costs for Q3 decreased quarter-on-qua..
  • Petra Diamonds intends to offer $300 million notes issue

    2015-04-24
    Petra Diamonds Limited has announced the launch of $300 million notes in issue, increasing its senior lender debt facilities.

    The Companys lender group has accepted in principle to increase its debt facilities by $81.6 million to $302.4 million, along with certain amended availability and repayment terms. 
  • Regal Resources signs MOA with Ivanhoe Mines

    2015-04-24
    Regal Resources Limited has entered into a binding conditional joint venture Memorandum of Agreement with subsidiaries of Ivanhoe Mines.

    Under the agreement, Regal Resources will have an option to acquire 90% interest in a package of highly prospective tenements in the Democratic Republic of Congo.

    &l..
  • Coal of Africa releases its quarterly update

    2015-04-23
    Coal of Africa Limited has released an update for the quarter ended 31 March 2015. 

    During the quarter, the Company recorded no lost-time injuries.

    Coal of Africa reported that it has received approval for the amended and updated Environmental Authorisation for the Vele..
  • Shanta Gold releases Q1 operational update

    2015-04-22
    Shanta Gold Limited has released its production and operational update for the quarter ended 31 March 2015. 

    The Company achieved gold production of 13 516 ounces, a decrease of 5 598 ounces when compared to the 19 114 ounces of gold produced in Q4 of FY14. During the period under review, ore production was affec..
  • Base Resources releases quarterly activities report

    2015-04-22
    Base Resources Limited has released its quarterly activities report for the three month period ended 31 March 2014.

    During the period under review, the Company achieved 12 months without a lost-time injury at its Kwale Mineral Sands Operations in Kenya.

    In addition, the Company ..
  • Stellar Diamonds reports 5 087 carats achieved from trial mining

    2015-04-22
    Stellar Diamonds Plc has released an operational update from trial mining at its 75% owned Baoul kimberlite pipe in Guinea.

    The Company a total of 5 087 carats of diamonds at an average grade of 13.5 carats per hundred tons were produced from the project. The Company continues to recover high quality gems including stones of 12.6 c..
  • Tawana Resources completes first phase of community consultation meetings

    2015-04-22
    Tawana Resources has released an update on its ongoing Environmental and Social Impact Assessment at the wholly owned Mofe Creek project  in Liberia.

    Over the past month, Tawana Resources, alongside its environmental and social consulting partners: Earth Systems and Earth Environmental Consulting, have been conducting commu..
  • Merafe Resources reports a 15% increase in ferrochrome production

    2015-04-22
    Merafe Resources Limited has released its production report for the quarter ended 31 March 2015. 

    Attributable ferrochrome production from the GlencoreMerafe chrome venture increased from 86 000 metric tonnes to 99 000 metric tonnes, representing a 15% quarter-on-quarter increase.

  • BHP Billiton reports production growth of 9%

    2015-04-22
    BHP Billiton Plc has released an operations update for the nine month period ended 31 March 2015.

    Production for the group grew by 9% for the reporting period, with records achieved for 10 operations and five commodities. Over the two years to the end of FY15 the Company reported that it remains on track deliver a production growth ..
  • Kibo Mining raises 1 500 000 in share placement

    2015-04-21
    Kibo Mining Plc has received commitments to a share placing of 25 000 000 new ordinary shares of 0.015 in the capital of the Company, at a placing price of 6 pence per share, to raise gross proceeds of 1 500 000 before expenses.

    Application will be made for the Placing Share to be admitted to trading on AIM and the JSE AltX market..
  • IMX Resources registers project with the National Environment Management Council

    2015-04-21
    IMX Resources Limited announced that the Chilalo graphite project development plans have been registered with the National Environment Management Council in Tanzania.

    The Council reviewed the development plans as well as the anticipated environmental and social impact of the development. The Company has begun compiling an official E..
  • Kinetiko Energy and Badimo Gas form an incorporated joint venture

    2015-04-21
    Kinetiko Energy Limited and Badimo Gas (Pty) Limited have both signed a dispute resolution agreement whereby all disputes existing between the parties will be resolved and the parties will pool assets to form an incorporated joint venture in South Africa.

    Badimo Gas will hold a 51% stake in the resulting joint venture, Afro Energy, ..
  • Petra Diamonds reports an increase in production of 6%

    2015-04-21
    Petra Diamonds Limited has released its production and sales update for the three months ended 31 March 2015.

    The Company reported high levels of production with an increase of 6% from 743 424 carats in Q3 FY14 to 791 443 carats for the period under review. Production for the nine months to 31 March 2015 increased by 1% from the pre..
  • Kibaran Resources raises $4.1 million for Epanko graphite project

    2015-04-20
    Kibaran Resources Limited has raised $4.1 million through an oversubscribed share placement of 24.4 million shares at 17 cents per share for its Epanko graphite project in Tanzania.

    The placement will include new Australian and international institutional shareholders.

  • Tawana Resources successfully completes formal presentation of its Mofe Creek project

    2015-04-15
    Tawana Resources NL has announced that the formal presentation of its Mofe Creek project to the Liberian Inter-Ministerial Concessions Committee has successfully been carried out.

    The presentation was attended by the Liberian National Investment Committee chairman, ministers, deputy ministers, government department representatives a..
  • Tharisa achieves a new platinum group metals production record

    2015-04-15
    Tharisa Plc has released its Q2 production results for the three month period ended 31 March 2015. 

    The Lost Time Injury Frequency Rate, for the year period to 31 March 2015, per 200 000 man hours was recorded at 0.07. 

    The Company reported a new production rec..
  • Kibaran Resources releases technical update on Epanko project

    2015-04-14
    Kibaran Resources Limited has released an update for its ongoing variability testwork carried out at Epanko graphite project in Tanzania. 

    Results from the testwork indicated grades ranging from 5% to 20.3% total graphite carbon. 

    Furthermore, it was confirmed ..
  • Endeavour Mining produces 124 000 ounces of gold in Q1

    2015-04-14
    Endeavour Mining Corporation released its gold production results for Q1 FY15.

    During the period under review, the Company produced 124 000 ounces of gold. 

    These results represent a strong start for Endeavour Mining towards its full year production guidance of 475 000 ..
  • KEFI Minerals to sign mining agreement for its Tulu Kapi project

    2015-04-14
    KEFI Minerals Plc has announced that it will be signing a Mining Agreement with the Ministry of Mines of the Democratic Republic of Ethiopia for its Tulu Kapi project in Ethiopia.

    The Ethiopian Minister for Mines, Tolassa Shagi Moti and the Executive Chairman of KEFI Minerals, Harry Anagnostaras-Adams, will be signing the agreement..
  • StratMin reports 215 tonnes of graphite sold in March 2015

    2015-04-14
    StratMin Global Resources Plc has released its production and sales update for the month of March 2015.

    The Company reported high levels of production with volumes significantly increasing from February 2015, this was due to increased efficiency at the plant.

    Recovery levels inc..
  • Acacia Mining continues to expand its footprint into Africa

    2015-04-13
    Acacia Mining Plc has signed two additional earn-in agreements with Canyon Resources Limited and Thor Exploration Limited. 

    The additional earn-in agreements further extends the Companys footprint at the prospective Hound belt in Burkina Faso as the land package has been expanded to approximately 2 400 kilometre.&nbs..
  • ARIPO grants MetaLeach extracting patent

    2015-04-13
    MetaLeach Limited, a wholly owned subsidiary of Alexander Mining Plc, has been granted a patent by the African Regional Intellectual Property Organisation (ARIPO). 

    The patent was granted in Botswana, Namibia and Zimbabwe for a method of extracting zinc from the aqueous ammoniacal solutions.The Company further reported that..
  • Cardinal Resources continues intersecting new gold

    2015-04-13
    Cardinal Resources Limited has announced that wide gold intersection continues up and down dip from previous drilling at the Namdini mining license in Ghana. 

    Additional mineralised gold intersections mined showed 35 metres up dip extensions and 45 metres down dip extensions. New drill results include 18 metres at 1.18 g/t ..
  • Hebei Zhongbo Platinum meets contractual requirements to acquire Eastern Platinum

    2015-04-13
    Eastern Platinum Limited and Hebei Zhongbo Platinum Corporation Limited have met all the required contractual obligations to lodge the break fees of $11.25 million each as required under the terms of the purchase agreement. 

    As Hebei Zhongo Platinum has met all the contractual obligations, the Company can now acquire Easter..
  • Oando reports an increase in reserves and resources

    2015-04-13
    Oando Plc has released its 2014 year end summary of its reserves and resources in Nigeria. 

    The increase in reserves have been attributed to technical revisions and the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips Company. 

    Proved..
  • Centamin releases production results from its Sukari gold mine

    2015-04-09
    Centamin Plc has released preliminary production results for the Q1 period ended 31 March 2015. 

    Total gold production produced from the Sukari gold mine in Egypt, increased by 46% from 74 241 ounces of gold achieved in Q1 FY14 to 108 233 ounces of gold in Q1 FY15. The Companys quarterly throughput at the process plant tot..
  • Oando reports an increase in revenue

    2015-04-09
    Oando Plc has released its financial and operational results for the year ended 31 December 2014.

    The Company reported that it has completed the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips Company for a total cash amount of $1.5 billion, which included a large amount of production and a considerable b..
  • Lucapa Diamond Company exceeds targets

    2015-04-08
    Lucapa Diamond Company Limited announced that its commercial alluvial mining operations at the Lulo diamond project in Angola is on track to becoming cash flow positive by the end of the second.

    This forecast follows after the Company achieved and exceeded its Q1 15 mining and processing targets. 
    <..
  • Tawana Resources reports on new mineralisation discovery

    2015-04-08
    Tawana Resources NL has released an update concerning its Mofe Creek project in Liberia.

    Tawana Resources has discovered new friable itabirite mineralisation as part of its ongoing exploration strategy.

    The mineralisation has been defined in outcrops over a joined 1.4 kilometres..
  • Triton Minerals releases operational update

    2015-04-08
    Triton Minerals Limited has released an update from its Ancubabe and Nicanda Hill projects in Mozambique.

    Triton Minerals has secured the $2 billion off-take agreement with the Yichang Xincheng Graphite Company Limited. The graphite concentrate will be traded at market price, which will be no less than $1 000 per tonne. However, the..
  • IMX Resources releases an operation update

    2015-04-08
    IMX Resources has released an update on its Chilalo graphite project in Tanzania.

    The Groups Maiden Inferred Mineral Resource Estimate for the Shimba deposit totalled 7.4 million tonnes grading 10.7% total graphic carbon for 792 000 tonnes of contained graphite.

    More than 90% o..
  • Premier African Minerals obtains Environmental Impact Assessment approval

    2015-04-08
    Premier African Minerals Limited has obtained approval for its Environmental Impact Assessment from the Environmental Management Agency of Zimbabwe. 

    Furthermore to the approval the Company has been granted permission to operate its flagship RHA tungsten project in Zimbabwe. 
  • BHP Billiton appoints Non-Executive Directors

    2015-04-08

    BHP Billion has appointed Frank Cooper, Peter Kukielski, Futhi Mtoba and Wayne Osborn as Non-Executive Directors of South32.

    The newly appointed Directors will join the Chairman Elect, David Crawford, Chief Executive Officer Elect, Graham Kerr, Independent Non-Executive Director, Keith Rum..
  • Metals of Africa reports high lead-zinc grades in Gabon

    2015-04-08
    Metals of Africa Limited has released results from its ongoing exploration programme at the Kroussou project in Gabon. 

    Results have confirmed very high-grade lead-zinc mineralisation at the Kroussou project with grades up to 9.69% zinc and 33.1% lead. The grades are the highest ever achieved in Gabon and confirm the projec..
  • Sierra Rutile releases financial results

    2015-04-02
    Sierra Rutile Limited has released its financial results for the year ended 31 December 2014.

    The Company achieved production of 114 163 tonnes of rutile, a 5% decrease when compared to FY13, the decrease has been mainly attributed to the Ebola outbreak experienced in FY14. The Company reported that its sustained focus on cost contr..
  • African Potash continues to focus on Lac Dinga potash project

    2015-04-02
    African Potash Limited has released its unaudited results for the six months ended 31 December 2014.

    During the period under review, the Company has been focusing on the Lac Dinga potash project in the Republic of Congo. 

    The projects commercial potential was further d..
  • Atlatsa Resources revenue increases by 21.4%

    2015-04-02
    Atlatsa Resources Corporation has released its audited results for the fourth quarter and year ended 31 December 2014.

    The Company reported that its sales revenue increased year-on-year by 21.4% to $237.4 million for FY14.

    For the period under review the Company reported an incr..
  • Kibo Mining releases operational update on the Rukwa coal project

    2015-04-02
    Kibo Mining Plc has released an operational update for its flagship Rukwa coal to power project in Tanzania. 

    Phase 2, stage 1 of the Definitive Mining Feasibility Study for the project has commenced and the site visits by Qualified Persons have confirmed the results published in phase 1, stage 1 of the Definitiv..
  • Ferrum Crescent announces location of first mine

    2015-04-01
    Ferrum Crescent has identified the final location for its first mine at the Moonlight iron project located in South Africa.

    Zones A, B and C of the Moonlight project have been confirmed as the primary targets for infill drilling and Ore Reserve development for the first 10 year mine design. This decision follows the completion of 10..
  • Otjozondu Mining installs new a 100 tonne jig plant

    2015-04-01
    Otjozondu Mining Proprietary Limited, a wholly owned subsidiary of Shaw River Manganese Limited, has installed a 100 tonne per hour jig plant at its Otjozondu manganese project located in Namibia. 

    The Company has commenced with the jig plant commissioning and material trials. Trials and optimisation programming for the var..
  • Botswana Metals obtains funding for an exploration programme

    2015-04-01
    Botswana Metals Limited announced that BCL Limited has approved funding for the ground geophysical surveying of the exploration programme at Takane in Botswana. 

    The approval of funding followed the exceptional results of the mapping and soil sampling programme that was conducted in December 2014. The surveying programme wi..
  • Exxaro Resources CEO retires

    2015-04-01
    Exxaro Resources Limited has announced that on 31 March 2016 its Chief Executive Officer, Sipho Nkosi, will retire and be succeeded by Mxolisi Mgojo. 

    Mgojo is currently Exxaro Resources Executive Head - Carbon Operations and will serve as the Companys Chief Executive Officer designate from 1 May 2015 to 31 March 2016, wh..
  • Rockwell Diamonds sells its Tirisano project for CAD 6.3 million

    2015-04-01

    Rockwell Diamonds Incorporated has reached an agreement to sell its non-core Tirisano project, located in South Africa, for CAD 6.3 million.


    In addition to..

  • Kibaran resources receives Expression of Interest from DFI

    2015-04-01
    Kibaran Resources Limited has received an expression of interest from the Development Finance Institution to co-finance the development of the Epanko graphite project in Tanzania.

    The Company reported that the Development Finance Institution is set to provide a loan of 20 million with a tenure period of 6.5 years, including a one y..
  • Cardinal Resources identifies further gold intersections at Namdini

    2015-03-31
    Cardinal Resources Limited announced that additional wide gold intersections continue down dip from the previous drilling carried out at the Namdini mining license in Ghana. 

    Wide intersections from the previous drilling programme  included: 23 metres at 1.40 g/t gold from 82 metres vertical depth, 13 me..
  • Emerging Market Minerals releases interim results

    2015-03-30
    Emerging Market Minerals Plc has released its interim results for the six months ended 31 December 2014. 

    During the period under review, the Company continued to identify and assess various project opportunities for potential acquisition with the aim of expanding its asset portfolio. The Company reported a loss before and ..
  • Stellar Diamonds reports strong operational performance

    2015-03-30
    Stellar Diamonds Plc released its interim results for the six month period ended 31 December 2014. 

    Trial mining at the Baoul kimberlite project in Guinea commenced on schedule and is on budget and has reached the targeted capacity of 50 tonnes per hour processed. The Company recovered gem quality diamonds up to 9 carats i..
  • Firestone Energy securities suspended from trading

    2015-03-26
    Firestone Energy Limited has advised Shareholders of its application to have its shares suspended from trading.

    The Companys shares have since been suspended from trading on the ASX, where Firestone Energy has a primary listing, as well as the JSE, the Companys secondary listing.

  • Tawana Resources releases update on Mofe Creek project

    2015-03-26
    Tawana Resources NL has released an update concerning their Mofe Creek project in Liberia.

    Tawana Resources has advised shareholders that the inaugural Inter-Ministerial Concessions Committee has been scheduled. The meetings main focus will be to negotiate the Mofe Creek Mineral Development Agreement under the Chairmanship of the L..
  • Centamin reports a 9% increase in production

    2015-03-26
    Centamin Plc has released its financial results for the year ended 31 December 2014.

    The Company reported a full year production of 377 261 ounces of gold, a 6% increase on the 2013 total, with Q4 2014 production of 128 115 ounces representing an increase of 37% over Q3 2014. Cash cost for FY14 amounted to $729 an ounce. &l..
  • Jubilee Platinum reports a 22% increase in revenue

    2015-03-26
    Jubilee Platinum Plc has released its unaudited interim results for the six months ended 31 December 2014. 

    Revenue increased by 22% from R36.11 million reported for the previous corresponding period to R49.4 million. The Groups gross profit increased to R23.7 million from R15.5 million, representing a 34% increase when co..
  • Stellar Diamonds achieves sales of $417 122

    2015-03-25
    Stellar Diamonds Plc has sold 4 414 carats of diamonds in Belgium for a total gross revenue of $417 122.

    The Company reported that the sale included excellent quality white stones, with a value of $5 000 per carat achieved for one particular five carat stone.

    Stellar ..
  • Cardinal Resources discovers additional gold intersections at Namdini

    2015-03-24
    Cardinal Resources Limited has announced that additional wide gold intersections continue up and down dip from the previous drilling carried out at the Namdini mining license located within the Companys Bolgatanga project in Ghana. 

    The Company reports that 35 metres up dip and 50 metres down mineralised extensions and int..
  • Chrysalis Resources completes soil sampling in Shikila and Kabwima Projects

    2015-03-24
    Chrysalis Resources Limiteds regional soil sampling has been completed at both the Kabwima and Shikila copper projects in Zambia.
     
    The Company has collected a total of 8 825 soil samples, with 7 104 samples taken from the Kabwima project and 1 721 samples from the Shikila project.

  • Golden Rim Resources drilling programme in Korongou commences

    2015-03-23
    Golden Rim Resources Limited has announced the commencement of its drilling programme which will focus on testing the new Guitorga gold anomaly at the Korongou project in Burkina Faso. 

    The programme will consist of approximately 40 reverse circulation drill holes with an average depth of 100 metres per hole. The company re..
  • Weatherly International report a 16% increase in revenue

    2015-03-23
    Weatherly International Plc has released its unaudited interim results for the six month period ended 31 December 2014.
     
    The Companys revenue increased by 16% from $19.3 million for the corresponding period of FY13 to $22.4 million for the period under review. The gross loss for the period was reported to be $408 000 which lead to a..
  • Erin Resources commences with new exploration programmes

    2015-03-20
    Erin Resources Limited has announced the commencement of its new exploration programmes at its Lingokoto and Maleko gold projects in Senegal.

    The company is currently conducting soil sampling and mapping of both projects ahead after which drilling can commence.

    The Li..
  • Lemur Resources acquires the Zaaiplaats tin project in South Africa

    2015-03-18
    Lemur Resources Limited, a 58.46% owned subsidiary of Bushveld Minerals Limited, has acquired the Zaaiplaats tin project located in the Limpopo Province, South Africa. 

    The Company reported that it has strategically located surface rights for future mine developments in the area and that there is significant resource upside..
  • Coal of Africa Limited share loss improves

    2015-03-18
    Coal of Africa Limited released its interim results for the six months ended 31 December 2014.

    Coal of Africa reported a loss which amounted to $0.8 million, or 0.07 cents per share compared to a loss of $46.3 million, or 4.42 cents per share for the prior corresponding period.

    ..
  • African Potash makes Board changes

    2015-03-18
    African Potash Limited announced the appointment of Dr Christopher Cleverly as an Executive Chairman, effective immediately. 

    Dr Cleverly joined the Board as a Non-Executive Director on 3 March 2015, to assume the role of current Chairman, Jean-Pierre Conrad, who will continue to serve on the Board as a Non-Executive Direct..
  • Kibo Mining commences with review of Airborne Geophysical Data

    2015-03-18
    Kibo Mining Plc has commenced with its Airborne Geophysical Data Review relating to the Haneti nickel project in Tanzania. 

    The Company acquired recently collected high resolution aerial geophysical survey data for the Haneti project from the Geological Survey of Tanzania. Kibo Mining is set to commence with the detailed pr..
  • Paragon Diamonds releases update on Lemphane diamond project

    2015-03-17
    Paragon Diamonds Limited has provided a positive update on the development of its Lemphane kimberlite pipe project  located in Lesotho.

    Paragon Diamonds has stated that stage I production at Lemphane remains on track to commence in the second tax quarter for 2015. Lemphane is located among a cluster of kimberlites known for..
  • Golden Rim Resources successfully raises AUD$1 Million

    2015-03-17
    Golden Rim Resources Limited has announced that it has effectively completed its recently announced fundraising.

    Golden Rim Resources announced a  two part placement on 25 February 2015, with the aim of raising up to AUD$1 050 680 before costs.

    The company issued 108 20..
  • Kasbah Resources reports a 9% increase in ore reserve tonnage

    2015-03-17
    Kasbah Resources Limited has announced the new JORC compliant ore reserve estimate for the Achmmach tin project located in Morocco.

    The Achmmach ore reserve estimate is 9.2 million tonnes at 0.77% tin for approximately 71 300 tonnes of contained tin. This represents a 9% increase in ore reserve tonnage, higher than the 2014 Definiti..
  • Camac Energy to list on the JSE

    2015-03-17
    Camac Energy Incorporated released its full year results for the year ended 31 December 2014. 

    The Oyo-8 well was successfully drilled and led to the discovery of four new oil and gas reservoirs. 

    The Company acquired 100% economic interest in the OMLs 120 and..
  • Sipa Resources appoints Craig McGown to its Board

    2015-03-16
    Sipa Resources Limited has announced the appointment of Craig McGown as Director and Non-Executive Chairman of the Companys Board. 

    McGowns appointment follows the resignation of Ian Pearce as Director and Chairman of Sipa Resources. McGown, with a Bachelor of Commerce degree, has over 35 years of experience working as an..
  • Sentula Mining enters into a second addendum for the Benicon Mining Sale Agreement

    2015-03-16
    Sentula Mining Limited has advised shareholders that the parties to the Benicon Mining Sale Agreement have entered into a second addendum.

    The second addendum provides for certain variations on the terms of payment of the Purchase Consideration by the purchaser, Roan Coal (Pty) Ltd. 

  • Sula Iron and Gold releases consolidate results for the year

    2015-03-11
    Sula Iron and Gold Plc and its subsidiary, Blue Horizon (SL) Ltd, released its consolidated final results for the year ended 30 September 2014.

    Sula Iron and Golds maiden JORC Compliant Mineral Resource Estimate at Ferensola was declared in December 2014 and comprised a total of 514.5 million tonne at 31.8% iron, including easily a..
  • Stratmin Global Resources release production and sales update

    2015-03-11
    Stratmin Global Resources Plc has released its production and sales update for the month of February 2015.

    The Company reported that production volumes were up from the previous month. Wet graphite and Post de water, Pre Drier for the Beneficiation plant were recorded at 360 tonnes and 194 tonnes respectively. Dry mixed for Drier wa..
  • Kibo Mining reports positive findings from the Rukwa Coal to Power project

    2015-03-11
    Kibo Mining Plc released an update of the Integrated Pre-Feasibility Study report for the Rukwa Coal to Power Project in Tanzania.

    The Company reported that coal mining and power generation technical reports have been consolidated into single projects report for the Rukwa Coal to Power Project. The Rukwa Coal to Power Project is rob..
  • Rockwell Diamonds releases resource estimates

    2015-03-11
    Rockwell Diamonds Incorporated has released an update on resources relating to its proposed acquisition of the Bondeo properties and other developments relating to its Middle Orange River strategy.

    The Company reported that 7.1 million m3 Inferred Mineral Resource has been estimated at Remhoogte, at a grade of 0.9 carats per 100 met..
  • Chris Sheppard to serve as COO of AngloGold Ashanti

    2015-03-11
    AngloGold Ashanti Limited has announced the appointment of Chris Sheppard as Chief Operating Officer of the Companys operations in South Africa. 

    Sheppard is taking over for Mike OHare who is set to retire early during the course of 2015, after serving for 40 years at AngloGold Ashanti. Sheppards appointment will take ef..
  • Mineral Commodities submits applications for the Xolobeni minerals sands projects

    2015-03-10
    Transworld Energy and Mineral Resources (South Africa) (Pty) Ltd, a subsidiary of Mineral Commodities Limited, has lodged a mining right application for the Xolobeni mineral sands project located in the Eastern Cape province, South Africa. 

    The Company has four to five prospecting rights in the Xolobeni mineral sand project..
  • Lucapa Diamond prepares for mining at Lulo diamond

    2015-03-10
    Lucapa Diamond Company Limited has mobilised its earthmoving equipment to the BLK_08, BLK_06 and BLK_19 areas at the Lulo Diamond Concession, in Angola, for its next phase of diamond mining. 

    The Company reported that the largest diamonds were recovered from these three areas from the previous alluvial bulk sampling program..
  • Oklo Resources releases exploration update on gold projects

    2015-03-10
    Oklo Resources Limited has released an exploration update for its gold projects located in Mali. 

    The Company has completed a Ground Geophysical Survey at its Dondoko gold project in Mali. 

    The survey covered areas of reconnaissance drilling that intersected at..
  • Exxaro Resources coal production increased to 39.1 million tonnes

    2015-03-09
    Exxaro Resources Limited released its reviewed condensed group financial statements for the year ended 31 December 2014. 

    Coal production volumes increased by 1% to 39.1 million tonnes and coal exports also increased to 5.3 million tonnes, representing a 19% increase for the year ended 31 December 2014. 
  • Callabonna Resources releases update on Ansongo

    2015-03-09
    Callabonna Resources Limited reported that its joint venture partners, Mali Manganese has filed for a review regarding the Supreme Court of Malis earlier decision about the transfer of the Ansongo mine lease in Mali. 

    The Companys drilling programme and all non-essential expenditure remain on hold untill the issue has bee..
  • Impala Platinum Holdings makes Board changes

    2015-03-06
    Impala Platinum Holdings Limited has announced the appointments of Sydney Mufamadi, Bernard Swanepoel and Nkosana Moyo as Independent Non-Executive Directors of the Board, effective immediately. 

    Mufamadi currently serves as the Director of the School of Leadership at the University of Johannesburg and serves on the Barclay..
  • Strandline Resources identifies additional drill targets

    2015-03-04
    Strandline Resources Limited has released an update for its drilling programmes in Tanzania. 

    The Mafia Island project confirmed high grade results from three separate locations which included: 81.1%, 26.3% and 7.48% Total Heavy Mineral, with excellent Valuable Heavy Mineral content of the Total Heavy Mineral ranging from 5..
  • Magnis Resources signs MOU

    2015-03-04
    Magnis Resources Limited has signed a Memorandum of Understanding with SINOMA as the first step in proceeding to a formal binding agreement which will cover financing, engineering and construction of the Nachu graphite project in Tanzania. 

    The signed Memorandum of Understanding follows after the 80 000 tonnes per annum bin..
  • Mwana Africa closes $20 million bond issue

    2015-03-04
    Mwana Africa Plc has announced the closing of the $20 million bond issue for the restarting of the smelter at its 74.73% owned subsidiary, Bindura Nickel Corporation Limited.

    Bindura Nickel Corporation has successfully closed its fully subscribed $20 million bond offer on 27 February 2015. Net proceeds from the bond issue will be pu..
  • Bushveld Minerals releases an operational update

    2015-03-04
    Bushveld Minerals Limited has released an operations update on the Pre-Feasibility study currently underway at its Bushveld vanadium project located in the Limpopo Province, South Africa.

    The Company reported that 31 boreholes totaling 1831.61 metres had been completed on the AB Zone and the Main Magnetite Layer since the drilling p..
  • African Rainbow Minerals makes Board changes

    2015-03-04
    African Rainbow Minerals Limited has appointed A K Maditsi as an Independent Non-Executive Director, Lead Independent Non-Executive Director of the Board, the Chairman of the Nomination Committee and Chairman of the Non-Executive Directors Committee with effect from 2 March 2015.

    Since his appointment into these positions, Maditsi ..
  • Royal Bafokeng Platinum releases annual results

    2015-03-04
    Royal Bafokeng Platinum Limited has released its audited annual results for the year ended 31 December 2014. 

    The Company reported labour stability as well as a 13% improvement in the lost time injury frequency rate. Platinum, palladium, gold and rhodium production increased by 5% whilst the cost per platinum, palladium, go..
  • Assore concludes agreement with African Rainbow Minerals

    2015-03-02
    Assore Limited announced it has reached a principle agreement with African Rainbow Minerals Limited to acquire its 50% indirect interest in the Dwarsrivier Chrome Mine in South Africa. 

    Dwarsrivier is a subsidiary of Assmang Proprietary Limited, which is an equal joint venture between Assore and African Rainbow Minerals. Pu..
  • Triton Minerals releases graphite project updates

    2015-02-27
    Triton Minerals Limited has confirmed the engagement of several key consultants to assist the Company with the completion of its Definitive Feasibility Study at Nicada Hill located in Mozambique.

    Independent Metallurgical Operations (Proprietary) Limited engaged to complete a detailed study on the physical properties and specificati..
  • Impala Platinum reports a 3.6% decrease in revenue

    2015-02-27
    Impala Platinum Holdings Limited released its consolidated interim results for the six months ended 31 December 2014. 

    Revenue decreased by 3.6% to R15.9 billion, the decrease in revenue was attributed to a decrease in platinum sales volumes, as well as a decrease in palladium and nickel due to lower production at Impala. &..
  • Pan African Resources announces Board changes

    2015-02-25
    Pan African Resources Plc has appointed Deon Louw to serve as a Financial Director of the Company and to succeed Cobus Loots, who was appointed as the Companys Chief Executive Officer, both appointments will take effect from 1 March 2015. 

    Louw is a qualified Chartered Accountant and holds a CFA.  He previously se..
  • Base Resources appoints a new Director

    2015-02-25
    Base Resources Limited has announced the appointment of Keith Spence as an Independent Non-Executive Director, effective immediately. 

    Spence will bring his extensive experience in international and corporate development into the Company. He has over 30 years of experience in the oil and gas industry with Shell and Woodside..
  • Sipa Resources confirms nickel and copper mineralisation at Akelikongo Kitgum-Pader project

    2015-02-24
    Sipa Resources Limited has released an update regarding its drilling programme at the Akelikongo Kitgum-Pader base and precious metals project located in Uganda.

    Diamond drilling at the Akelikongo project further intersected nickel and copper sulphide mineralisation extending from surface to more than 100 metres below surface. Miner..
  • Canyon Resources executes a MoU

    2015-02-24
    Canyon Resources Limited has entered into a binding Memorandum of Understanding with Bollor Africa Logistics Cameroun SA and Camrail SA regarding access to infrastructure at its Birsok Bauxite project located in Cameroon.

    The parties have agreed to investigate rail, port and logistics services for the project.The execution of the M..
  • AusQuest commences with drilling at Banfora gold

    2015-02-24
    AusQuest Limited has commenced with its major drilling campaign at Banfora gold Joint Venture project located in Burkina Faso. 

    The programme will include Reverse Circulation drilling of up to 39 000 metres and shallow auger drilling for up to 150 000 metres. AusQuests Joint Venture partner intends to spend approximately $..
  • Harmony Gold reports successful rescue following mine fire

    2015-02-24
    Harmony Gold Mining Company Limited announced that all 486 employees were safely brought to surface following a fire on level 75 of the Kusasalethu mine, in South Africa.

    The fire started in the morning of 22 February 2015 during maintenance work on a bulk air cooler, 2 300 metres underground.

  • Vast Resources announces disposals and Earn-in Agreement

    2015-02-23

    Vast Resources Plc has advised shareholders of its plans to divest certain non-core Zambian assets.

    The Company has entered into an agreement whereby its subsidiary, African Consolidated Resources (Zambia) Limited, the remaining copper interests in Zambia as well as the contract to acquire..
  • Afrimats share price increased 450% in the past five years

    2015-02-23
    Afrimat Limiteds CEO, Andries van Heerden, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Afrimat is a materials supplier listed on the JSE in the Construction and Materials sector. Van Heerden states that Afrimat views its..
  • Petra Diamonds moving into undiluted ore

    2015-02-19
    Petra Diamonds Limited Chief Executive Officer, Johan Dippenaar, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Petra Diamonds is a leading independent diamond mining group and supplier of rough diamonds. The Company operat..
  • Consolidated Nickel Mines aims to list within 18 months

    2015-02-19
    Consolidated Nickel Mines Limiteds Managing Director, Simon Purkiss, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Consolidated Nickel Mines is a private company which is aiming to list, following the restart of the Munali..
  • Sephaku Holdings increases presence in inland markets

    2015-02-19
    Sephaku Holdings Limiteds CEO, Dr Lelau Mohuba, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Dr Mohuba highlighted that Sephaku Holdings has now graduated from being a project to a business through its Aganang Integrated ..
  • Exxaro Resources well positioned to gain from the Waterberg development

    2015-02-18
    Exxaro Resources Limiteds FD, Wim de Klerk, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    De Klerk highlighted that in 2015 the Company will focus on its BEE structure, working to ensure that the Company continues with a 5..
  • DRDGOLD reports an increase in gold production

    2015-02-18
    DRDGOLD Limiteds CEO, Nil Pretorius, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    DRDGOLDs South African asset is an 11 million ounce, on-surface gold resource and the Company operates 2 processing plants with a through..
  • Tharisa maintains processing capacity during recent power cut backs

    2015-02-18
    Tharisa Plcs CEO, Phoevos Pouroulis, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Pouroulis highlighted the large Platinum Group Metals and chrome open pit operation as the Companys main asset and competitive advantage. ..
  • Chrometco commenced production in 2015

    2015-02-18
    Chrometco Limiteds CEO, Petrus Cilliers, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Chrometco has been in exploration for the past 10 years, mining chrome intermittently. Cilliers has informed investors that Chrometco m..
  • Anglo American delivers strong operational performance

    2015-02-18
    Anglo American Plc has released its preliminary results for the year ended 31 December 2014.

    Anglo American reported that in FY2014 it delivered on all its major commitments in operational performance, project delivery and portfolio restructuring. The Company was able to achieve strong operational performance across every business, ..
  • Perseus Mining reports a $41.2 million profit after tax

    2015-02-17
    Perseus Mining Limited released its results for the six month period ended 31 December 2014. 

    The Company reported that the strong earnings result represents a material turnaround due to higher gold production at the Edikan gold mine in Ghana and cost reductions across the group. Operating cash flow was recorded at $11.0 mi..
  • Globe Metals and Mining releases project update at Chizoro

    2015-02-17
    Globe Metals and Mining Limited has received its assay results for the rock chip sampling undertaken at the Chizoro graphite project in Malawi. 

    The assay results confirmed two new prospects Chimutu East and Katengeza. 37 of the 101 rock samples collected from the Chimutu East prospect returned gradings of > 10% Tot..
  • Malagasy Minerals reports exceptional diamond drilling results from Maniry

    2015-02-17
    Malagasy Minerals Limited completed its maiden diamond drilling programme on four targets at its 100% owned Maniry graphite project located in Madagascar.

    The maiden programme confirmed the presence of thick high-grade graphite horizons. The Company completed 17 diamond holes with a total of 1 588.6 metres being drilled and signific..
  • Cardinal Resources intersects high grade gold

    2015-02-17
    Cardinal Resources Limited announced a high grade gold intersection of 23 metres at its Namdini Mining License located within Bolgatanga project in Ghana.

    The high grade gold was intersected 40 metres north along strike from hole NMRC366-741. Best results from the intersection include 23 metres at 3.73 g/t gold from 80 metres vertic..
  • Acacia Mining releases FY14 results

    2015-02-17
    Acacia Mining Plc has released its results for the 12 months ended 31 December 2014.

    The Company recorded revenue of $930 million, in line with 2013. EBITDA1 of 3 increased by 5% to $253 million, attributable to non-cash charges of $27 million. Acacia Minings operational cash flow increased to $290 million, a 55% increase on 2013 w..
  • African Minerals Director resigns

    2015-02-17
    African Minerals Limited has announced the resignation of Chief Executive Officer and Director of the Company, Alan Watling, effective immediately.

    Watling had been Chief Executive Officer of the Company since August 2014. 

    The Board thanks Alan for his considerable con..
  • Assore reports a loss in earnings

    2015-02-12
    Assore Limited released its half year results for the period ended 31 December 2014. 
    Headline Earnings decreased by 59.2% to R990 million, attributable to lower Headline Earnings recorded by Assmang (Pty) Ltd which decreased by 60.5% to R1.7 billion.

    During the period under review, the Company reporte..
  • Aureus Mining raises $15.3 million

    2015-02-11
    Aureus Mining Incorporated has entered into an Agency Agreement and a Subscription Agreement in connection with the issue of 56 000 000 new common shares for approximately 10.1 million.

    The company reported that they have raised $15.3 million through International  Finance Corporation subscription and brokered financing at..
  • Rockwell Diamonds set to acquire three alluvial diamond properties

    2015-02-11
    Rockwell Diamonds Incorporated has released further technical information regarding its conditional agreement to acquire three alluvial diamond properties and associated plant and equipment from Bondeo 140 CC. 

    The Remhoogte/Holsloot and Bo-Karoo projects are contiguous to Rockwells existing properties in the Middle Orange..
  • Randgold Resources reports a 26% increase in production

    2015-02-11
    Randgold Resources Limited released its results for the fourth quarter ended 31 December 2014.  

    Randgold Resources increased its gold production by 26% in 2014 and reduced total cash costs by 2%, with cash, cash equivalents and gold on hand of more than $100 million by the end of year. The Group reported that profit decrea..
  • African Rainbow Minerals makes Board changes

    2015-02-11
    African Rainbow Minerals Limited announced the resignation of Daniel Vusimusi Simelane as the Chief Executive Officer of African Rainbow Minerals Copper and as Executive Director of the Board, effective from 06 February 2015. 

    Current Chief Executive Officer of African Rainbow Minerals Coal, Thando Mkatshana, has been appoi..
  • Eastern Platinums shareholders approve sale of assets

    2015-02-11
    Eastern Platinum Limiteds shareholders have approved the transaction with Hebei Zhongbo Platinum Company Limited whereby Hebei Zhongbo Platinum Company would acquire the Companys entire South African platinum group metal business and all the loan agreements the Company has with its subsidiary companies.

    The acquisition is for a to..
  • Regal Resources releases updated JORC Mineral Resource at Kalongwe

    2015-02-10
    Regal Resources Limited released its updated and re-classified JORC Mineral Resource estimate for the Kalongwe copper-cobalt deposit. 

    The updated results include all Phase two results which indicate upgrade in the quality and quantity of the July 2014 Mineral Resource estimate. The new measured, indicated and inferred mine..
  • Mozambi Resources acquires graphite licenses in Mozambique

    2015-02-10
    Mozambi Resources Limited has announced the signing of a terms sheet granting the Company the option to acquire two graphite prospective license applications in Balama Montepuez region located in Mozambique.

    The Company reported that license 6142L is contiguous with Triton Minerals Nicanda Hill project and 5 kilometres north of Syr..
  • Aquarius Platinums subsidiary disposes of share interest in Everest mine

    2015-02-10
    Aquarius Platinum (South Africa) (Pty) Ltd, a subsidiary of Aquarius Platinum Limited, entered into an agreement to sell its entire share interest in the Everest mine and related mining and processing infrastructure and immovable properties to Northam Platinum Limited. 

    The consideration of the sale is R450 million which is..
  • Sibanye Gold suspends operations at Beatrix

    2015-02-10
    Sibanye Gold Limiteds management has decided to suspend operations at Beatrix North & South shafts following a conflict that erupted between members of the  Association of Mineworkers and Construction Union ("AMCU") and the National Union of Mineworkers.

    The Company has, in recent months, been verifying a..
  • Bounty Oil & Gas updates on Kiliwani North development license

    2015-02-09
    Bounty Oil & Gas Nl has released an update regarding its Kiliwani North development license located in Tanzania.

    The Kiliwani North 1 well is expected to produce at approximately 20 mmcfd (million cubic feet per day) when on stream. The Company owns 10% interest in Kiliwani North 1 and the Kiliwani North Development License ..
  • KEFI Minerals releases Indicated Resource estimates results

    2015-02-05
    KEFI Minerals Plc has released results of its updated Indicated Resource of 18.8 million tonnes at 2.67 g/t gold for 1.62 million ounces of gold at its Tulu Kapi project in Ethiopia. 

    The updated Indicated Resource highlights the need for further interpretation, refinement and validation procedures by the Companys manageme..
  • Aureus Mining confirms excellent gold recoveries

    2015-02-04
    Aureus Mining Incorporated released metallurgical optimisation testwork results from its Ndablama Gold project in Liberia and confirm excellent gold recoveries.

    These results confirm and expand upon previous testwork results where gold recoveries following a cyanide leach ranged between 92% and 94% for the oxide and sulph..
  • Buffalo Coal secures an additional loan facility

    2015-02-04
    Buffalo Coal Corporation secured an additional $4.0 million loan facility from Resource Capital Fund V L.P.

    During 2013 and 2014, restructuring initiatives were implemented throughout the Company and financing had been secured. However, the Company reported that current market conditions
    and operational perform..
  • Premier African Minerals enters into an agreement with Darwin Strategic

    2015-02-04
    Premier African Minerals Limited has signed an agreement for a 1 000 000 (gross) zero coupon senior unsecured convertible loan note with Darwin Strategic Limited.

    The Note will be divided into 40 individual notes with a par value of 25 000 each and be used to fund part of the development of RHA Tungsten (Private) Limited located i..
  • ZCI enters into a loan facility agreement

    2015-02-04
    ZCI Limited and its subsidiary, African Copper Plc, have entered into an additional loan agreement, whereby ZCI will provide a $4.5 million facility to its subsidiary which will be put toward the ongoing mining activities at the Thakadu pit in South Africa.

    The facility is a secured loan with a simple interest rate of 9% and will be..
  • Tawana Resources releases operational update

    2015-02-03
    Tawana Resources NL has released its activities report for the quarter ended 31 December 2014. 

    The Company progressed its Pre-Feasibility Study for the Mofe Creek iron ore project, in Liberia. Initial economics for the Pre-Feasibility Study highlight the ongoing technical and financial robustness of the project. The Pre-Fe..
  • Aquarius Platinum releases an update on Zimbabwes royalty

    2015-02-03
    Aquarius Platinum Limited has advised shareholders that the proposed export tax on unrefined platinum has been deferred to 1 January 2015.

    In 2013, the government of Zimbabwe proposed an export tax on unrefined platinum to encourage mining companies to invest in platinum smelting and refining capacity in Zimbabwe.
  • Birimian Gold granted new exploration permit at Massigui

    2015-02-03
    Birimian Gold Limited has advised shareholders that it has been granted a new exploration permit at the Massigui gold project located in Mali. 

    With the addition of the new Batouba permit, Birimian Gold will significantly increase its landholding at the Massigui gold project to more than 750 km. The new permit covers sim..
  • Lonmin releases production update

    2015-02-03
    Lonmin Plc has released its production results for the three months ended 31 December 2014 and an update for the period from 01 October 2014 to date. 

    Lonmin reported that there were no fatalities during the period under review and for the fourth quarter in a row. The Lost Time Injury Frequency rate decreased for the 12 mon..
  • Sable Mining Africa signs an Infrastructure Development Agreement

    2015-01-28
    Sable 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 ..
  • Gem Diamonds releases operational and performance update

    2015-01-28
    Gem Diamonds Limited has released its operational and sales performance trading update for Q4 2014. 

    The Leteng mine continued to perform strongly during the quarter as 25 525 carats were recovered in Q4 2014. The Groups tender in December 2014 achieved an average of $2 799 per carat, resulting in an average va..
  • Anglo American releases Q4 2014 production report

    2015-01-28
    Anglo 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..
  • Kumba Iron Ore reports a 10% increase in production

    2015-01-28
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 December 2014. 

    The Companys total production increased by 10%, in comparison to the previous corresponding period of Q4 2013 and decreased by 4% compared to the previous Q3 2014 to 12.4 million tonnes which is in line with the pro..
  • Village Main Reef restructures the Board

    2015-01-28
    Village Main Reef Limited has made changes to its Board of Directors following a strategic review of the Companys Board, all with effect from 1 February 2015. 

    The Company appointed Octavia Matloa as Deputy Chairman and Lead Independent Non-Executive Director and Godfrey Ntoele has been appointed as an Independent Non-Exec..
  • StratMin Global Resources raises 900 000

    2015-01-28
    StratMin 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..
  • Coal Of Africas Vele Colliery granted Environmental Authorisation amendment

    2015-01-27
    Coal 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..
  • Towchester Investment Companys alluvial mining application denied

    2015-01-27
    Towchester 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..
  • Elemental Minerals develops an exploration target

    2015-01-27
    Elemental 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..
  • Resource Generation releases quarterly report

    2015-01-23
    Resource 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 companys control. F..
  • Birimian Gold commences with aircore drilling programme at Massigui

    2015-01-23
    Birimian 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..
  • Cardinal Resources intersects 41 metres high grade gold

    2015-01-21
    Cardinal 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.
    <..
  • Aziana commences with diamond drilling

    2015-01-21
    Aziana 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..
  • Drake Resources halts trading

    2015-01-21
    Dake 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..
  • Kibo Mining enters into MoU

    2015-01-21
    Kibo Mining Plc has entered into a Memorandum of Understanding for a 50/50 joint venture with Metal Tiger Plc on the Companys 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..
  • Resolute Mining confirms further high grade drill results

    2015-01-19
    Resolute 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..
  • Nyota Minerals applies for trading on AIM

    2015-01-19
    On 20 March 2014, Nyota Minerals Limiteds 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..
  • Sula Iron & Gold provides coltan update

    2015-01-19
    Sula Iron & Gold Plc has released the results of reconnaissance fieldwork for coltan mineralisation carried out at the Companys 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..
  • Northam Platinum suspends operations at Zondereinde mine

    2015-01-19
    On 13 January 2015, Northam Platinum Limiteds 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..
  • CFO of Arcelormittal South Africa resigns

    2015-01-19
    Arcelormittal South Africa Limiteds 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.

  • Base Resources releases an update on World Titanium Resources takeover offer

    2015-01-15
    Base 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..
  • Northam Platinums workers embark on an industrial action

    2015-01-15
    Northam Platinum Limited confirmed that employees at the Zondereinde mine located in Limpopo, embarked on unprocedural industrial action with effect from the night shift on
    13 January 2015.

    The mines management is seeking to engage with representatives of the National Union of Mineworkers (NUM) in order to und..
  • Sipa Resources confirms strong anomalies at Kitgum-Pader project

    2015-01-14
    Sipa Resources Limited has identified strong chargeability induced polarisation anomalies at its Kitgum-Pader project in Uganda. 

    The results were gathered from the Companys gradient array survey which was carried out at the Pamwa zinc, silver and lead mineralised zone.

  • Syrah Resources updates on spherical graphite development

    2015-01-14
    Syrah 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..
  • Pan African expects a decrease in earnings

    2015-01-14
    Pan 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.  ..
  • Universal Coal announces a 9.62 million tonne Maiden Resource

    2015-01-14
    Universal 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..
  • African Minerals provides financing update

    2015-01-13
    African Minerals Limited and its partner, Shandong Iron and Steel Group, have agreed to release $12.96 million from the Tonkolili Iron Ore projects 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 ..
  • Stellar Diamonds releases update on trial mining at Baoul

    2015-01-08
    Stellar Diamonds Plc has released a progress update on the trial mining currently being conducted at the Baoul 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...
  • Mena International Petroleum Company commences with operations

    2015-01-08
    Mena 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, ..
  • Eastern Platinum concludes acquisition transaction with Hebei Zhongbo Platinum

    2015-01-07
    Eastern Platinum Limited announced it has reached an agreement with Hebei Zhongbo Platinum Company Limited to acquire Eastern Platinums entire South African platinum group metal business. 

    The acquisition will include all major interests held by the Companys existing minority partners and all the loan agreements that it h..
  • Rockwell Diamonds enters into agreement to acquire diamond properties

    2015-01-07
    Rockwell 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 Companys operating and resource base in the Mid..
  • Giyani Gold announces expiration of Letter of Intent

    2015-01-07
    Giyani 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 Golds share were suspended from t..
  • Baobab Resources announces changes to the Board

    2015-01-07
    Baobab 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 its in the process of searching for a new Non-Executive Director who will add value in the final stages of the Definitive Feasibility Study..
  • Kibo Mining releases Q4 operational update

    2015-01-06
    Kibo 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. ..
  • Camac Energys Sedco Express arrives

    2014-12-30
    Camac 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..
  • Aureus Minings Ndablama mineral resources doubled

    2014-12-29
    Aureus 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..
  • Premier African Minerals confirms process plant order

    2014-12-29
    Premier 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..
  • Rockwell Diamonds releases quarterly production and sales update

    2014-12-29
    Rockwell Diamonds Incorporated has released its quarterly production and sales update for the three months ended 30 November 2014.  

    As of 05 December 2014, the Companys 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..
  • Oklo Resources commences with geophysical survey

    2014-12-22
    Oklo 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..
  • Swala Energy updates on arbitral claim regarding Block 12B

    2014-12-22
    Swala 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..
  • Kibo Mining receives final PEA report

    2014-12-22
    Kibo 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.
  • SacOil releases cautionary announcement

    2014-12-22
    SacOil Holdings Limited has advised shareholders to exercise caution when trading in the Companys 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 Companys securities.

    &..
  • Coal of Africa restructures capital raising

    2014-12-22
    In 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.

    <..
  • Central Rand Gold undertakes capital raising

    2014-12-22
    Central 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.
    <..
  • ZCI provides an additional loan facility agreement

    2014-12-19
    African Copper Plcs 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..
  • Baobab Resources receives mining title

    2014-12-19
    Baobab 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. 
    &..
  • Beacon Hill Resources suspends trading on AIM

    2014-12-19
    Beacon 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..
  • Afarak Groups Mogale Alloys completes plant installation

    2014-12-19
    Afarak Group Plcs 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. ..
  • African Minerals enters into a temporary access agreement

    2014-12-17
    African 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..
  • Gemfields acquires additional ruby licenses

    2014-12-17
    Gemfields 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..
  • SacOil announces changes to the Board

    2014-12-17
    SacOil 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..
  • Lucapa Diamond Company appoints a new CEO

    2014-12-15
    Lucapa 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..
  • Kibo Mining completes Power Pre-Feasibility Study

    2014-12-15
    Kibo 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..
  • Zimplats commences with the re-development of Bimha mine

    2014-12-15
    On 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..
  • Equatorial Resources signs a Mining Convention Agreement

    2014-12-12
    Equatorial 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..
  • African Potash releases assay results

    2014-12-10
    African 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..
  • Anglo American reports improved underlying operational performance

    2014-12-10
    Anglo American Platinum Limited has released an operational update and reports an improvement in the Companys 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..
  • Kibo Mining releases Definitive Mining Feasibility study report findings

    2014-12-10
    Kibo 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..
  • Oklo Resources completes capital consolidation

    2014-12-10
    Oklo 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. 
  • IMX Resources releases assay results from Chilalo graphite project

    2014-12-09
    IMX 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 ..
  • Tiger Resources provides Kipoi copper project update

    2014-12-09
    Tiger 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.
    &..
  • DiamondCorps Lace mine strike ends

    2014-12-09
    DiamondCorp 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..
  • Oando Energy Resources completes Umugini pipeline

    2014-12-09
    Oando 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..
  • Caledonia Mining revises Blanket mine investment plan

    2014-12-03
    Caledonia 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..
  • AngloGold Ashanti announces Board changes

    2014-12-03
    AngloGold 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 Frre & Co., LLC lea..
  • Kibo Mining updates on the Rukwa coal to power project

    2014-12-03
    Kibo Mining Plc has received the final report for Phase 1, Stage 1 pertaining to the Rukwa coal to power projects Definitive Mining Feasibility Study.

    The Companys appointed Independent Consultant, Minxcon Projects, delivered the key report on schedule. The report demonstrated an overall estimated profitability that is significant..
  • Cardinal Resources reports further high grade intersections

    2014-12-02
    Cardinal 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..
  • Kimberley Diamonds receives environmental authorisation

    2014-12-02
    Kimberley 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.
  • Anglo American Platinum expects a decrease in earnings

    2014-12-02
    Anglo 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..
  • African Eagle Resources updates on proposed acquisition

    2014-12-02
    In November 2014, African Eagle Resources Plcs 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..
  • Viking Mines completes a strategic review

    2014-12-02
    Viking Mines Limiteds corporate advisors, Emerald Partners Limited, has completed a strategic review of the Companys Ghanaian gold assets.

    A number of interested parties, who are interested in acquiring the Companys Ghanaian gold projects, have been contacted and confidential access to Viking Mines  detailed project dat..
  • North River Resources completes Definitive Feasibility Study

    2014-12-01
    North 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..
  • Chrometco releases interim results

    2014-12-01
    Chrometco 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..
  • Atlatsa Resources reports a 30% increase in revenue

    2014-11-27
    Atlatsa 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..
  • Caledonia Mining planning to double Blanket mine production

    2014-11-27
    Caledonia 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 companys operations with the aim of expanding outside of Zimbabwe. The Strategic review concluded that the best potential returns would..
  • African Minerals releases financing update

    2014-11-26
    African Minerals Limited has released a financing update for its operations in Sierra Leone. 

    The Companys 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..
  • Village Main Reef cautions shareholders

    2014-11-26
    In October 2014, Village Main Reef Limiteds 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 Companys securitie..
  • Chrometco releases trading statement

    2014-11-26
    Chrometco 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.

    ..
  • Premier African Minerals provides RHA tungsten project update

    2014-11-26
    Premier 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..
  • Globe Metals and Mining completes trenching programme in Malawi

    2014-11-25
    Globe 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..
  • Gunson Resources completes mapping and sampling programme

    2014-11-25
    Gunson 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..
  • African Eagle Resources set to acquire Lime-chem Resources

    2014-11-24
    African Eagle Resources Plcs 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..
  • Kibo Mining issues 1 750 000 new ordinary shares

    2014-11-21
    Kibo 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..
  • Kinetiko Energy receives gas licenses

    2014-11-21
    Kinetiko 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..
  • Keaton Energy reports a 10% increase in revenue

    2014-11-20
    Keaton 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.
    ..
  • Wescoal Holdings acquires the Sarie Marais Prospecting Right

    2014-11-20
    Wescoal 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 ..
  • Arcelormittal South Africa delays Newcastle Works

    2014-11-20
    Arcelormittal South Africa Limiteds 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. 

    <..
  • Gemfields releases operational update

    2014-11-19
    Gemfields 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. 
  • Jubilee Platinum acquires additional shares in Pollux Investment

    2014-11-19
    Jubilee 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..
  • Paragon Diamonds sells diamonds recovered from Lemphane

    2014-11-18
    Paragon 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..
  • Magnis Resources reports significant graphite intercepts

    2014-11-18
    Magnis 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..
  • Chrysalis Resources receives drilling results

    2014-11-18
    Chrysalis 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..
  • Kunene Resources releases drilling update from Namibia

    2014-11-18
    Kunene 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..
  • Sula Iron and Gold places 585 000 new ordinary shares

    2014-11-18
    Sula 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. 
    <..
  • Elemental Minerals commences with Dougou Scoping Study

    2014-11-14
    Elemental 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..
  • Lonmin Q4 production results

    2014-11-12
    Lonmin 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..
  • Minbos Resources appoints a new CFO

    2014-11-11
    Minbos 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 ..
  • Swala Energy releases update on Block 12B

    2014-11-11
    Swala 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 Kenyas decision to withdraw from the..
  • Kibaran Resources releases Epanko Feasibility Study update

    2014-11-11
    Kibaran 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 305C ..
  • Arcelormittal South Africa releases an operational update

    2014-11-11
    Arcelormittal 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..
  • Bushveld Minerals complete assays

    2014-11-10
    Bushveld 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.
  • Gem Diamonds reports a robust financial position

    2014-11-10
    Gem Diamonds Limited has released its interim management statement for the quarter ended 30 September 2014.
     
    The Company reports a strong performance from its Leteng 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..
  • Magnis Resources reports continued exceptional flake graphite results

    2014-11-10
    Magnis 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..
  • Coal of Africa releases corporate update

    2014-11-07
    Coal 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 ..
  • Aureus Mining makes Board changes

    2014-11-05
    Aureus Mining Incorporation announced the appointment of Karin Ireton to the Companys Board of Directors as a nominee of the International Finance Corporation.

    Ireton is taking over for Luis da Silva who resigned as the Companys Director, having served on the Board since 2011. Ireton has extensive knowledge in the sustainable deve..
  • Caledonia Mining revises investment plan and production projections

    2014-11-05
    Caledonia Mining Corporation has revised the investment plan and production projections for its Blanket Mine located in Zimbabwe.

    The Companys 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..
  • Glencore Xstrata releases corporate update

    2014-11-05
    Glencore 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..
  • Jubilee Platinum releases trading update

    2014-11-05
    Jubilee Platinum Plc has released a trading update on its Middleburg operations in South Arica. 

    Operations in Middleburg continued to exceed the Companys 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..
  • West African Resources secures funding

    2014-11-04
    West 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..
  • Goldplat releases operational update

    2014-11-04
    Goldplat 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 ..
  • Kunene Resources commences with diamond drilling programme

    2014-11-04
    Kunene 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..
  • AngloGold Ashanti releases operational report

    2014-11-04
    AngloGold 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..
  • Green Rock Energy updates from Tanzania

    2014-11-03
    Green 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..
  • Triton Minerals reports positive drill results from Mozambique

    2014-11-03
    Triton 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%.
  • Trans Hex Group updates on Namaqualand Mines acquisition

    2014-10-31
    Trans 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 Hexs 40% owned subsidiary, Emerald Panther Investments 78 (Pty) Ltd, was conditional upon the fulfillment of several conditions.&nb..
  • Strike action commences at DiamondCorps Lace Mine

    2014-10-29
    DiamondCorp 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 managements decision to not employ two full-time salaried shop stewards.
    &l..
  • Hummingbird Resources receives Yanfolila project drill results

    2014-10-29
    Hummingbird 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. 
    &..
  • Ferrum Cresent releases Q3 2014 update and cash flow report

    2014-10-29
    Ferrum 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..
  • Aquarius Platinum reports revenue of $62 million

    2014-10-28
    Aquarius 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..
  • Taruga Gold set to commence drilling in Mali

    2014-10-28
    Taruga 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..
  • Predictive Discovery enters into a Heads of Agreement with Toro Gold

    2014-10-28
    Predictive Discovery Limited has signed a Heads of Agreement with Toro Gold Limited regarding its Cote DIvoire projects.

    As part of the agreement, Toro Gold will spend approximately $1 million to earn 51% in Predictive Discovery Cote DIvoire SARL, a subsidiary of Predictive Discovery. 

    <..
  • Coal Of Africa releases quarterly operational report

    2014-10-28
    Coal 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..
  • Otjozondu Mining signs a purchase agreement with Noble Resources International

    2014-10-24
    Otjozondu 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. 

  • Northam Platinum concludes a R6.6 billion BBBEE transaction

    2014-10-23
    Northam 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..
  • Royal Bafokeng Platinum reports a strong operational performance

    2014-10-23
    Royal 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. 

  • BHP Billitons production increases

    2014-10-23
    BHP 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..
  • Stellar Diamonds recovers large diamonds

    2014-10-22
    Stellar Diamonds Plc has announced the recovery of large diamonds from its trial mining programme at the Baoul 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.
    &..
  • Shanta Gold releases Q3 update

    2014-10-22
    Shanta 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..
  • Wescoal Holdings releases operational and trading update

    2014-10-22
    Wescoal 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 ..
  • Kunene Resources completes geophysical survey

    2014-10-21
    Kunene Resources Limited has completed its induced polarisation geophysical survey conducted at the Okanihova copper target in the Kaoko project, Namibia. 

    The preliminary trial at the companys project indicated strong and distinct chargeability anomalies. 

    Th..
  • West African Resources reports outstanding gold recoveries

    2014-10-21
    West African Resources Limited has released the results of the metallurgical test work conducted on its Mankarga 5 deposit located in Burkina Faso.

    The company completed three column tests on oxide ore from four metallurgical drill core holes in the Mankarga 5 deposit. Gold recoveries, of up to 90% and averaging 86% in column test w..
  • Tiger Resources acquires Kipoi copper project

    2014-10-21
    Tiger Resources Limited has acquired the remaining 40% shareholding in Societe dExploitation de Kipoi SA which owns the Kipoi copper project located in the Democratic Republic of Congo.

    The acquisition follows the drawdown of $50 million against the finance facility with Taurus Mining Finance Fund.

    &..
  • Sovereign Metals releases Maiden JORC results

    2014-10-21
    Sovereign Metals Limited has released an update on its Maiden JORC Mineral Resource estimate from the Duwi project in Malawi. 

    The Total Indicated and Inferred Mineral Resource estimate at Duwi included 86 million tonnes at 7.1% total graphic carbon containing 6.13 million tonnes of graphite.  
  • Elemental Minerals release Dougou-Yangala drilling results

    2014-10-21
    Elemental Minerals Limited has announced exceptional results from the phase 1B drilling programme that was carried out at its Sintoukola potash project in the Republic of Congo.

    The programme focused on the Dougou-Yangala area of the project.

    Elemental Minerals intersected the h..
  • Endeavour Mining releases Agbaou exploration results

    2014-10-15
    Endeavour Mining Corporation has reported that exploration drilling confirmed the continuity of grades and widths of strike extensions of the Agbaou mineral deposits located in Cote dlvoire.

    The exploration drilling programme began in August 2014 and 165 holes have been drilled to date. The company aimed to confirm and test the exp..
  • Sable Metals & Mineral enters into a shareholders agreement

    2014-10-15
    Sable Metals & Mineral Limiteds subsidiary, Great 1 Line Invest (Pty) Ltd, entered into a shareholders agreement with the Sekutlobyane Landowners Association.

    With the signing of the shareholders agreement, the prospecting right with bulk sampling rights for Vanadium on Portion 3 of the Farm Uitvalgrond, North West became..
  • Sable Mining Africa releases Nimba project update

    2014-10-15
    Sable Mining Africa Limited has released an update from its Nimba iron ore project in Guinea.

    The Nimba project is a high grade bulk Direct Shipping Ore project with a current Resource Estimate of 181.8 million tonnes at 58.8% iron and a Maiden Reserve Estimate of 53.96 million tonnes at 61.6% iron.

    &..
  • Aquarius Platinum terminates sale agreement

    2014-10-15
    On 30 January 2014, Aquarius Platinum Limited entered into a Sale Agreement with a consortium led by the China National Arts & Crafts Corporation regarding its indirect interests in Blue Ridge Platinum (Pty) Ltd and Shebas Ridge Platinum (Pty) Ltd.

    The Sale Agreement was subject to, amongst other things, receiving Chinese G..
  • Magnis Resources report exceptional results

    2014-10-15
    Magnis Resources Limited, formerly known as Uranex Limited, has released the results of the metallurgical testing that took place at Block F of the Nachu Graphite project in Tanzania.

    56% of the composite ore samples taken indicated a flake weight in the jumbo category, or more than 300 microns. 30% was categorised as medium to larg..
  • Premier African Minerals provides PEA update

    2014-10-15
    Premier African Minerals Limited has released an update regarding the Preliminary Economic Assessment for its RHA Tungsten project in Zimbabwe.

    The company has extended the estimated life of mine to 15 years. The pre-tax project net present value at 5% is $183 million.

    The estim..
  • Chrometco appoints International Ferro Metals for mining services

    2014-10-14
    Chrometco Limited had entered into negotiations with International Ferro Metals (Pty) Ltd to conclude mining services and ore Sale Agreements on 29 September 2014. 

    Following the first phase of the negotiations, International Ferro Metals was permitted to conduct exploratory drilling in specified areas within the Rooderand ..
  • Sierra Rutile releases Q3 operational update

    2014-10-14
    Sierra Rutile Limited has released an operational update for the third quarter ended 30 September 2014.

    Rutile production decreased, quarter-on-quarter, by 3% to 27 078 tonnes, remaining in line with production totals from previous quarters. Ilmenite production increased, quarter-on-quarter, by a significant 19% to 9 986 tonnes.<..
  • Chalice Gold Mines restructures its Board and senior management team

    2014-10-14
    Chalice Gold Mines Limited has made a number of changes to its Board of Directors and senior management team to position itself for the next phase of growth and development.

    Managing Director of the company, Bill Bent, has stepped down from his position with immediate effect. He will be succeeded by the companys Founder and Executi..
  • Beacon Hill Resources signs a Sub-lease Agreement

    2014-10-13
    Beacon Hill Resources Plc has agreed to sub-lease its rolling stock to an undisclosed party with the aim of securing additional cash to support its expansion strategy for its Minas Moatize coking coal project in Mozambique.

    The minimum term for the lease is 12 months, with an option to extend. The undisclosed party will utilise Beac..
  • Jacka Resources announces final investment decision for Aje

    2014-10-10
    Jacka Resources Limiteds wholly owned subsidiary, PR Oil & Gas Nigeria Ltd, and its joint venture partners have take a final investment decision to develop the Aje Cenomanian oil reservoir.

    The resevoir is located within the OML 113 license, offshore Nigeria.

    The Aje De..
  • Lonmin ramps up full production

    2014-10-08
    Lonmin Plc has successfully achieved completion of the return to full production in two months.

    The company reports that the tonnes mined in both August and September 2014 exceeded production reported in both August and September 2013, being 1.0 million tonnes and 1.04 million tonnes respectively. 
    <..
  • Kibo Mining raises 855 725

    2014-10-08
    Kibo Mining Plc has received commitments to a share placing of 57 048 352 new ordinary shares at a placing price of 1.5 pence per share to raise a total of GBP 855 725

    Directors and Senior Management at Kibo Mining are participating in the Placement for a total amount of GBP 55 725.

  • Buffalo Coals Magdalena mine resumes production

    2014-10-08
    Buffalo Coal Corporation has announced that all operations are back in full production following an incident at one of its South African assets.

    In September 2014, the company reported an ingress of water in one of the sections of the Magdalena underground mine. Buffalo Coal initiated emergency procedures and everyone was evacuated ..
  • Green Rock Energy acquires additional exploration licenses

    2014-10-07
    Green Rock Energy Limited has executed two binding option agreements to acquire 10 additional exploration licenses which surround the companys existing licenses in Tanzania. 

    6 out of 10 new graphite exploration licenses are adjacent to the companys highly prospective Makonde license.

  • Kasbah Resources extends tin mineralisation

    2014-10-07
    Kasbah Resources Limited has announced that the extensional drilling programme at its Achmmach project has successfully extended the tin mineralisation outside of the current resource model.

    3 diamond holes drilled at the Western Zone Shallows confirmed the presence of deep stacked tourmaline lodes to the west and centre.
  • Nomfundu Qangule resigns as a Director of Sentula Mining

    2014-10-07
    Sentula Mining Limiteds Nomfundu Qangule has resigned from her position as an Independent Non-Executive Director on the Board and Chairperson of the Audit and Risk Committee, effective from 02 October 2014.

    Independent Non-Executive Director of the company, Stephen Naude, will act as the interim Chairperson of the Audit and Risk Co..
  • Hummingbird Resources places shares

    2014-10-07
    Hummingbird Resources Plc has successfully placed 4 100 000 new ordinary shares at a price of 45 pence per share to raise 1 845 000.

    The Exploration Capital Partners 2000 Limited partnership subscribed to the 4 100 00 ordinary shares and now hold a 4.8% stake in Hummingbird Resources.

    <..
  • Premier African Minerals completes equity swap

    2014-10-06
    Premier African Minerals entered into an Equity Swap Agreement with YA Global Master SPV Limited in January 2014, which was recently accelerated to completion.

    The original agreement was a 300 000 Equity Swap Agreement, whereby YA Global Master SPV agreed to make 15 monthly settlement payments of 20 000 each to Premier African Min..
  • Metals of Africas project update

    2014-10-06
    Metals of Africa Limited has released an update from its Balama central graphite project in Mozambique.

    The company reports having successfully negotiated a 6 week extension to the due diligence deadline, so that the company may continue to appraise the project.

    The company is s..
  • Sunland Minerals releases update from Orapa operations

    2014-10-03
    Sunland Minerals has released an operating and exploration update from the Orapa project in Botswana.

    Sunland Minerals drilled two boreholes in anomaly AN117/1 and anomaly AN117/2. 

    One borehole drilled in AN117/1 targeted the centre of a complex geophysical anomaly and..
  • Kimberley Diamonds update on Botswana operations

    2014-10-03
    Kimberley Diamonds entered into a Joint Venture with Tilwane Services (Pty) Ltd, in July 2014, with respect to two tenements in Botswana.

    The company has already started with soil geochemistry sampling in the area, which is expected to be completed in October 2014 with results expected in December 2014.
  • African Queen Mines set to dispose of Ghanaian assets

    2014-10-02
    African Queen Mines Limited has entered into a Conditional Agreement with a Ghanaian-based resource company for the sale of African Queen Mines subsidiary, AQ Ghana Gold Ltd.

    The Ghanaian-based resource company will purchase 100% of the shares in AQ Ghana Gold, from African Queen Mines, for a cash consideration and a net smelter ro..
  • Aureus Mining report good grades from Ndablama

    2014-10-02
    Aureus Mining Incorporated has released the results from the 49 holes drilled in the phase four drilling programme at the Ndablama gold project in Liberia.

    Phase four included approximately 19 000 metres of Reverse Circulation and diamond drilling. 

    24 diamond drill hol..
  • Delrand Resources releases operational update

    2014-10-01
    Delrand Resources Limited has released operational and financial results for the year ended 30 June 2014.

    The company reported a net loss of CAD3 487 552, an increase when compared to a net loss of CAD283 776 reported for FY13. The companys net asset value as at 30 June 2014 amounted to CAD1 745 816. Accumulated deficit at the end ..
  • Kibo Mining reports a decrease in the basic loss per share

    2014-10-01
    Kibo Mining has released its interim results for the six month period ended 30 June 2014.

    The company reports a 13% decrease in its basic and dilutive loss per share for the period compared to the previous corresponding period.

    During the period, the company updated its gold Res..
  • Anglo American Platinums FD Resigns

    2014-10-01
    Anglo American Platinum Limited has announced the resignation of its Financial Director, Bongani Nqwababa, with effect from 1 March 2015.

    Nqwababa joined the company originally in 2009 and managed the overall financial function. He has resigned to pursue his own personal career growth.

    <..
  • Burey Gold releases drilling programme update from DRC

    2014-09-30
    Burey Gold Limited has released an update on its drilling programme at the Giro gold project in the Democratic Republic of Congo. 

    The company reports that the refurbishment of the road to the Giro prospect is progressing well and on schedule with drilling expected to commence in a weeks time. The first set of results are ..
  • StratMin Global Resources releases interim results

    2014-09-30
    StratMin Global Resources Plc has released its results for the six month period ended 30 June 2014.

    The company successfully completed an equity placement amounting to 2.5 million in March 2014.

    StratMin Global Resources strengthened its balance sheet significantly, during the ..
  • CAMAC Energys recoverable resources in Nigeria increase significantly

    2014-09-30
    CAMAC Energy has announced the results of an independent assessment of four of the companys offshore Nigeria prospects.

    The independent assessment, conducted by DeGolyer and MacNaughton, increased the companys unrisked P50 recoverable resources from 537 million barrels of oil to 2 377 million barrels of oil.
    ..
  • MOD Resources releases preliminary metallurgical results

    2014-09-30
    MOD Resources Limited has reached three important milestones at its 100% owned high grade Mahumo copper/silver project located in Botswana.

    Excellent concentrate grades results were delivered by the preliminary metallurgical test work conducted at Mahumo project. The company reports a grade of 59% copper and 1 900 parts per million ..
  • Newfield Resources confirms Lake Popei is diamondiferous

    2014-09-26
    Newfield Resources Limited has confirmed that the kimberlite discovery at Lake Popei, in Sierra Leone, is diamondiferous. 

    The company recovered four microdiamonds from the tests which were conducted for microdiamond mineralisation on the historical drill core. 

  • KEFI Minerals revised mine plan verified

    2014-09-26
    KEFI Minerals has announced that its revised mine plan for its Tulu Kapi project, in Ethiopia, has been verified by Snowden Mining Industry Consultants (Pty) Ltd.

    Snowden Mining Industry Consultants also verified the companys increased production target and its plans to re-activate the mining license application with the aim of beg..
  • Tawana Resources receives ministerial approval

    2014-09-25
    Tawana Resources NL has received approval from the  Ministry of Lands, Mines and Energy to commence with its Mineral Development Agreement negotiations for its Mofe Creek project in Liberia.

    In July 2014, the company successfully completed the Mofe Creek projects sustainable and robust Scoping Study. The Mineral Developmen..
  • West African Resources receives additional drilling results

    2014-09-23
    West African Resources Limited has received additional high grade gold results from the sulphide drilling conducted at the Mankarga 5 deposit in Burkina Faso.

    Best results yielded from the drilling programme included 2 metres at 28.17 g/t gold from 56 metres, 11 metres at 3.30 g/t gold from 80 metres including 3 metres at 4.27 g/t g..
  • Rockwell Diamonds releases production and sales update

    2014-09-23
    Rockwell Diamonds Incorporated has released a production and sales update for the quarter ended 31 August 2014.

    The company reports generating revenue of $13.2 million through diamond sales during the period, representing a 57% increase from the diamond sales revenue generated in the previous corresponding period.
  • Botswana Diamonds releases exploration programme update

    2014-09-23
    Botswana Diamonds Plc released an update regarding its exploration programme with Alrosa in Botswana. 

    The company reports that a geological team from Alrosa has already arrived in Botswana and is on site alongside the Botswana team and will commence with drilling in the coming weeks.

  • Kasbah Resources announces Rights Issue

    2014-09-23
    Kasbah Resources Limited has announced a Rights Issue whereby new shares will be offered at AUD0.07 per share with the aim of raising AUD8 314 165.

    The maximun number of shares that may be issued under the Rights Issue is 118 773 779.

    The Rights Issue will not be underwritten.&l..
  • Coal of Africa disposes of Mooiplaats colliery

    2014-09-22
    Coal of Africa Limited has entered into an agreement with a wholly owned subsidiary of Blackspear Holdings (Pty) Ltd for the disposal of the Mooiplaats colliery located in South Africa.

    The company is disposing of the colliery for a gross consideration of R250 million, which is to be paid in two tranches. The two tranches become pay..
  • Bauba Platinum suspends exploration

    2014-09-22
    Bauba Platinum Limited has announced that exploration activities have been suspended until sufficient funds can be secured.

    For the year ended 30 June 2014, the company focused on raising funds for exploration activities in a climate that is not conducive to capital raising.

    The..
  • Kibo Mining reports sustained progress at its Rukwa Coal to Power project

    2014-09-19
    Kibo Mining Plc has released an update regarding the  Rukwa Coal to Power project located in Tanzania.

    Kibo Mining has completed the conceptual mine design and schedule as well as the conceptual plant design and the conceptual framework for infrastructure and logistics for the project.

  • Magnum Gas & Power completes placement

    2014-09-19
    Magnum Gas & Power Limited has successfully placed 32 500 000 ordinary shares at 1 cent per share to raise GBP325 000.

    The company made the placement to partially fill the shortfall from the recently closed non renounceable entitlement issue.

    Magnum Gas & Power w..
  • Tawana Resources project update

    2014-09-17
    Tawana Resources has released an operational update from its Mofe Creek project in Liberia.

    The company maintains that the economics of the project remain real and robust despite the low current pricing of iron ore and the immediate challenges of the Ebola outbreak in Liberia.

    T..
  • Buffalo Coal halts production at Magdalena mine

    2014-09-17
    Operations at Buffalo Coal Corporations Magdalena underground mine, in South Africa, have been suspended following an incident involving the ingress of water. 

    The company initiated emergency procedure and the mine was safely evacuated. Management is currently assessing the impact of the incident on the mine and has inform..
  • Waterberg Coal Company releases business update

    2014-09-17
    Waterberg Coal Company Limited released an operational update.

    Waterberg Coal Companys newly acquired subsidiary, Sekoko Coal (Pty) Ltd, entered into a Memorandum of Understanding with Eskom, in March 2014, for the production and supply of 10 million tonnes of coal per annum. In line with the Memorandum of Understanding, Sekoko Coa..
  • Beacon Hill Resources places shares

    2014-09-17
    Beacon Hill Resources Plc has entered into conditional subscription agreements with certain institutional investors with the aim of raising 1.25 million.

    The agreements place up to 1 250 000 000 ordinary shares at a price of 0.1 pence. The proceeds from the placement will be put toward general working capital purposes.
    &..
  • Pan African Resources reports a 44.2% increase in gold sales

    2014-09-17
    Pan African Resources Plc has released its audited provisional results for the year ended 30 June 2013.

    The company reports a 44.2% increase in the amount of gold sold, from 130 493 ounces for FY13, to 188 179 ounces for the year under review.

    Group headline earnings decreased b..
  • Cardinal Resources discovers additional gold zone

    2014-09-16
    Cardinal Resources Limited has discovered a third sub-parallel zone of high grade gold mineralisation at its Namdini mining license in Ghana. 

    The second sub-parallel zone was discovered during phase 11 reverse circulation drilling at the Namdini project area.

    The compa..
  • CAMAC Energy releases operations update

    2014-09-16
    CAMAC Energy Incorporated released an update regarding its operations in Africa.

    The company commenced with the offshore installation campaign at the Oyo field expansion project, in Nigeria, using the Normand Pacific installation vessel. The campaign consists of the recovery and relocation of umbilicals and flexible flowlines. CAMAC..
  • Bassari Resources updates on project funding

    2014-09-15
    Bassari Resources Limited has received commitments from eligible shareholders which will raise AUD556 414 at AUD0.02 cents per new share.

    The Directors of the company are in advanced discussions with investors who are interested in taking the shortfall shares. A total of 201 747 529 shortfall shares will be available under the initi..
  • Petmin reports robust operating performance for FY14

    2014-09-11
    Petmin Limited released its condensed consolidated preliminary financial statements for the year ended 30 June 2014.

    Normalised profit after tax increased by 24% to 17.63 cents per share, from 14.26 cents per share reported for FY13, despite a 27% reduction in at-mine-gate export prices. 

    <..
  • AngloGold Ashanti plans to restructure in 2015

    2014-09-11
    AngloGold Ashanti Limited has received approval from the South African Reserve Bank to restructure its international mining operations under a new UK holding company.

    The company intends for the new UK holding company, Newco, to hold AngloGold Ashantis gold exploration and production assets that are located outside of South Africa...
  • African Consolidated Resources releases final results

    2014-09-10
    African Consolidated Resources Plc released its final results for the period ended 31 March 2014. 

    The company experienced a loss of $11.7 million due to continuing mine development and exploration programmes. The loss to 31 March 2014 also includes an impairment provision of $6.7 million regarding exploration project, whic..
  • Bauba Platinum expects a loss

    2014-09-10
    Bauba Platinum Limited has released its trading statement for the financial period ended 30 June 2014. 

    The company expects a loss per share of between 7.0 cents and 8.5 cents. Headline loss per Share is expected to be between 3.7 cents and 5.2 cents, in comparison to a loss per Share and Headline loss per Share of 7.5 cent..
  • Premier African Minerals releases an RHA tungsten project

    2014-09-10
    Premier African Minerals Limited has released an operational update from its RHA tungsten project in Zimbabwe.

    The company is in the process of adopting a phased implementation strategy at its RHA tungsten project, consisting of four work programm..
  • LP Hill raises 405 000

    2014-09-10
    LP Hill Plc has successfully raised 405 000 through a subscription for new ordinary shares by an existing substantial shareholder, Kijani Resources Limited.

    The shares were sold at a price of 40.5 pence per share. The subscribed shares are worth 2.54% of LP Hills enlarged issued share capital and are subject to admission for tradi..
  • Pan African Resources appoints a Director

    2014-09-10
    Pan African Resources Plc has announced the appointment of Rowan Smith as a Non-Executive Director of the Board, effectively immediately.

    Smith is a qualified Geologist with extensive experience in mining and business. He spent 20 years working in the minerals and investment banking industries in Af..
  • OGI Group acquires a diamond license

    2014-09-09
    OGI Group Limited is set to acquire a 51.8% stake in a diamond license, in Mozambique, through acquiring shares in Sese Diamonds (Pty) Ltd.

    The company will enter into a Share Purchase Agreement with the Shareholders of Sese Diamonds (Pty) Ltd, the current holder of the 4525L license, with the aim of acquiring 74% of the issued shar..
  • Tawana Resources releases interim results

    2014-09-09
    Tawana Resources NL has released its interim results for the half year ended 30 June 2014.

    The company reported an operational loss for the period of AUD 1 223 879, a marginal increase from the operational loss of AUD1 132 567 for the corresponding period of 2013.

    Tawana Resourc..
  • Wesizwe Platinum releases interim results

    2014-09-09
    Wesizwe Platinum Limited has released its operational and financial results for the six month period ended 30 June 2014.

    The company reports 550 787 fatality free shifts were achieved at the Bakubung project in South Africa. By the end of the period, the main shaft reached a depth of 581 metres and the vent shaft reached 693 metres...
  • Predictive Discovery completes Maiden Mineral Resource Estimate

    2014-09-08
    Predictive Discovery Limited has advised shareholders of the formal Maiden Mineral Resource Estimate for its Bongou gold prospect in Burkina Faso. 

    The company reports a high-grade Maiden Mineral Resource Estimate of 2.2 million tonnes at 2.6 g/t gold for 184 000 ounces. 136 000 ounces are reported to have an average grade ..
  • KEFI Minerals secures 100% ownership over Tulu Kapi project

    2014-09-08
    KEFI Minerals Limited has advised shareholders that it was acquired the remaining 25% of the Tulu Kapi gold project in Ethiopia, from Nyota Minerals Limited.

    Shareholders of Nyota Minerals Limited, a subsidiary of KEFI Minerals Limited, approved the sale of the 25% stake in the project on 3 September 2014.
    <..
  • Green Rock Energy receives high grade assay results

    2014-09-08
    Green Rock Energy Limited has received excellent results from the rock chip and trench sampling conducted the Mahenge project in Tanzania.

    The samples confirm high grade graphite up to 35.5% total graphitic carbon. 17 rock chips were sampled with 14 returning greater than 10% total graphitic carbon, 3 of which were greater than 30% ..
  • Celamin appoints a new Director

    2014-09-08
    Celamin Holdings Limited has appointed Gary Scanlan as a Non-Executive Director of the Board and Chairman of the Audit Committee.

    Scanlan has extensive experience in the mining industry and his expertise lie in capital markets and financial management. In addition to his new roles, he has also agreed to serve as Deputy Chairman of t..
  • Rand Mining suspends exploration activities

    2014-09-05
    Rand Mining Limited has suspended all exploration activity in Liberia following the State of Emergency announcement regarding the Ebola outbreak.

    The State of Emergency announcement was released on 6 August 2014 by President of Liberia, Ellen Johnson Sirleaf.

    Following the annou..
  • True Gold Mining releases financial results

    2014-09-03
    True Gold Mining Incorporated has released its financial results for the six month period ended 30 June 2014.

    The company reports that it has secured $120 million in funding from Franco-Nevada Corporation and Sandstorm Gold Incorporated, which will assist the company in funding its Karma project, in Burkina Faso; the funding will al..
  • Robex Resources on schedule for production at Nampala mine

    2014-09-03
    Robex Resources Incorporateds Nampala mine, in Mali, is set to commence with production as set out in managements discussion and analysis report for the quarter ended 30 June 2014.

    Following the commissioning of the ore processing plant in May 2014, the company reports having achieved a capacity of 2 500 tons per day at the Nampal..
  • Legend Gold halt operations in the Republic of Congo

    2014-09-03
    Legend Gold Corporation has stopped all exploration and other activities at its Republic of Congo operations following a report received from the companys geologists.

    The report indicated that small scale operations were not viable under the current market conditions. 

  • Central Rand Gold partners with a machinery manufacturer

    2014-09-03
    Central Rand Gold Limited has advised shareholders that it has entered into a non binding Memorandum of Understanding with Zhejiang Golden Machinery Plant.

    The Memorandum of Understanding outlines a strategic partnership whereby Zhejiang Golden Machinery Plant will assess Central Rand Golds metallurgical plant and determine if it c..
  • Discovery Metals announces recapitalisation

    2014-09-02
    Discovery Metals Limited has advised shareholders of its intention to undertake a 2 for 1 renounceable rights issue.

    The company will rights issue is at AUD0.02 per new Discovery Metals share and one option for every new share under the rights issue at an exercise price of AUD0.05 within 12 months of the issue date.
  • Wesizwe Platinum expects a decrease in earnings

    2014-09-02
    Wesizwe Platinum Limited has released its trading statement for the six month period ended 30 June 2014.

    The company expects a basic loss per share attributable to ordinary shareholders of between 0.1 and 0.5 cents per share, compared to a basic loss per share of 5.80 cents reported for the previous corresponding period.  &..
  • Stratex reports further positive results from Tanzania

    2014-09-01
    Stratex International Plc has released the results from its 2014 drilling programme carried out at it Nyakagwe Village target in Tanzania.

    The best results include: 35.14 g/t gold over 2.45 metres from 53.35 metres including 167 g/t gold over 0.50 metres and 2.74 g/t gold over 8.50 metres from 53.00 metres including 10.57 g/t gold o..
  • Atlatsa Resources appoints a new CFO

    2014-09-01
    Atlatsa Resources Corporation has appointed Boipelo Lekubo as the new Chief Financial Officer of the company, with effect from 1 September 2014. 

    Lekubo is a qualified Chartered Accountant with a B.com (Hons) degree. She has extensive experience in group financial management and reporting within the mining industry. She pre..
  • Birimian Gold identifies 15km gold trend in Liberia

    2014-08-29
    Birimian Gold Limited has released the final analytical results from the exploration campaign conducted at the Basawa gold project in Liberia. 

    The results confirmed a 15km gold trend which hosts multiple gold prospects. High priority targets have been identified for trenching, channel sampling and maiden drill testing at t..
  • MOD Resources raises AUD2 million

    2014-08-29
    MOD Resources Limited has raised AUD2 million in a two tranche placement, following the recent positive results from the companys Kalahari copper project in Botswana. 

    The company plans to use the funds from the placement for infill and extensional drilling programmes at its 100% owned Mahumo copper/silver project, in Bots..
  • DiamondCorp reports a net loss for H1 2014

    2014-08-28
    DiamondCorp Plc has released its interim results for the six month period ended 30 June 2014.

    Capital expenditure on underground development and mine infrastructure at the Lace mine, in South Africa, amounted to R76.8 million.

    The company revised its development budget and sched..
  • Perseus Mining releases updated Mineral Resource Estimates

    2014-08-28
    Perseus Mining Limited has released updated Mineral Resource Statements following infill drilling conducted at the Edikan gold mine in Ghana. 

    The company adjusted previous Mineral Resources Statements to the mining surface as at 30 April 2014, following which the overall net decrease in Mineral Resources was approximately ..
  • Kenmare Resources reports record production of finished products

    2014-08-27
    Kenmare Resources Plc has released its half year results for the six month period ended 30 June 2014.

    The company reports a 47% increase, from H1 2013, in ilmenite production to 445 600 tonnes and a 12% increase, from H1 2013, in zircon production to 21 400 tonnes. 

    Ken..
  • Coal of Africa places shares

    2014-08-26
    Coal of Africa Limited has opened a private placement to new and existing investors with the aim of raising approximately GBP38.225 million.

    The company will issue up to 695 000 000 new shares at a price of GBP0.055 per share. 

    The placement will be carried out in two s..
  • Sylvania Platinum releases full year results

    2014-08-26
    Sylvania Platinum Limited has released its preliminary results for the full year ended 30 June 2014.

    The group reports revenue to have increased by 18% from $40.0 million reported for FY13 to $47.2 million for FY14.

    EBITDA from the groups dumping operations increased by 29% yea..
  • Exxaro Resources releases interim results

    2014-08-26
    Exxaro Resources Limited has released its results for the six month period ended 30 June 2014.

    The company reports zero fatalities during the period under review, bringing the total up to 20 consecutive months without a fatality.

    Coal production amounted to 18.8 million tonnes w..
  • African Consolidated Resources extends date of Dalny mine acquisition

    2014-08-26
    African Consolidated Resources Plc has agreed with Falcon Gold Zimbabwe Limited to an additional extension to the date of payment for the purchase of the Dalny mine, in Zimbabwe.

    Both parties have agreed to extend the final payment date to 31 October 2014, at which time African Consolidated Resources is to pay the outstanding $7.5 m..
  • Triton Minerals appoints a new Executive Technical Director

    2014-08-26
    Triton Minerals Limited has announced the appointment of Alfred Gillman as an Executive Technical Director, effective immediately.

    Gillman has over 30 years experience as a geologist in gold, base metals, uranium and industrial minerals. He has been involved in exploration and development projects across the globe, including in Afri..
  • Kibo Mining releases an update on the Rukwa coal to power project

    2014-08-25
    Kibo Mining Plc has released an update regarding the Definitive Feasibility Study conducted at the Rukwa coal to power project located in Tanzania.

    The company reports that phase 1 of stage 1 of the Definitive Feasibility Study is currently underw..
  • Gold Fields releases Q2 2014 results

    2014-08-25
    Gold Fields Limited has released its unaudited results for the quarter ended 30 June 2014.

    Normalised earnings from continuing operations amounted to $25 million, an increase of $4 million when compared to the $21 million recorded for Q1 2014 and a significant increase from the loss of $36 million reported for the previous correspon..
  • Universal Coal granted mining right

    2014-08-25
    Universal Coal Plc has been granted a mining right over the Brakfontein coal project by the Department of Mineral Resources in South Africa.

    Pursuant to securing the mining right and the National Environmental Management Act license, the company n..
  • Prospect Resources successfully completes placement

    2014-08-25
    Prospect Resources Limited has successfully raised AUD1 078 748 through the issuing of approximately 71.9 million shares at 1.5 cents each. 

    The shares were placed to a South African company, Armoured Fox Capital (Pty) Ltd, which is represented by Sithembiso Mthethwa and Manana Nhlanhla. Armoured Fox Capital will become a m..
  • Stratex International releases interim results

    2014-08-21
    Stratex International Plc has released its unaudited interim results for the six months ended 30 June 2014.


    Drilling carried out at the companys Dalafin project, in Senegal, returned positive results from both the Far South prospect and the Madina Baf prospect. Broad zones of gold mineralisation h..
  • African Consolidated Resources to acquire Dalny mine

    2014-08-20
    African Consolidated Resources Plc has received notice that the proposed acquisition of the Dalny mine and associated infrastructure, in Zimbabwe, has been duly passed by Falcon Gold Zimbabwe Ltd shareholders.

    The deadline for payment of the outstanding consideration, $7.5 million, has been extended until 22 August 2014.
    ..
  • AngloGold Ashanti to delist on LSE

    2014-08-20
    AngloGold Ashanti Limiteds Board of Directors has requested to have its ordinary shares and depositary interests delisted from the main market of the London Stock Exchange Plc.

    The Board has also resolved to terminate its UK depositary interest programme which was established in 2012 to facilitate trading of the companys shares on..
  • Kibaran Resources completes upgraded Scoping Study

    2014-08-19
    Kibaran Resources Limited has completed the upgraded Scoping Study conducted at its Epanko graphite deposit located in Tanzania


    The study, which was based on the recently reported Indicated Mineral Resou..
  • Kasbah Resources intersects high grade tin

    2014-08-18
    Kasbah Resources Limited has completed an infill drilling programme on the Sidi Addi trend of the Achmmach tin project located in Morocco. 

    Four diamond holes were drilled, which intercepted high grade tin at shallow depths. 

    Best down hole intercepts include: ..
  • Hummingbird Resources obtains $10 million bridge facility funding

    2014-08-18
    Trochilidae Resources, a wholly owned subsidiary of Hummingbird Resources Plc, has drawn down the full amount of $10 million available under the Taurus Mining Finance Fund Bridge facility. 

    The bridge facility is the first of the two phase debt facility, which will enable Hummingbird Resources to fund the construction of th..
  • KEFI Minerals reports on Tulu Kapi gold resource

    2014-08-18
    KEFI Minerals has independently verified the updated JORC Mineral Resource for its Tulu kapi gold project in Ethiopia.

    The company reports a total Indicated and Inferred Resource of 23.7 million tonnes at 2.51 g/t gold for 1.9 million ounces gold.<..
  • Oando Energy Resources reports 19.5% increase in production

    2014-08-18
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has released its financial and operational results for the six month period ended 30 June 2014.

    The company reports an increase in production from existing assets from 687 757 barrels, for the six months ended 30 June 2013, to 821 786 barrels for the period under review..
  • Golden Rim Resources raises AUD3 million

    2014-08-18
    Golden Rim Resources has signed a non-binding Indicative Term Sheet with Sprott Private Wealth LP to raise approximately AUD3 025 000.


    The term sheet outlines that Sprott Private Wealth will acquire a minimum of 230 million ordinary shares and a maximum of 275 million ordinary shares at an issue pric..
  • BHP Billiton updates on portfolio simplification

    2014-08-15
    BHP Billiton has released an update regarding its ongoing focus on simplifying its portfolio and its pursuit of making the company simpler and more productive.

    The company is actively studying the next phase of simplification, including structural options. BHP Billiton wishes to retain the benefits of diversification and therefore m..
  • Shaw River Manganese obtains funding for Otjozondu project

    2014-08-15
    Shaw River Manganese Limited has entered into an agreement with Bryve Resources (Pty) Ltd to receive funding for the development of the companys 100% owned Otjozondu manganese project located in Namibia

    Bryve Resources has agreed to p..
  • Northam Platinum reports predictably weaker results for FY14

    2014-08-14
    Northam Platinum Limited has released its reviewed preliminary results for the year ended 30 June 2014.

    The company reports a 89.9% decrease in operating profit to R61.5 million for the period under review. This significant decrease is attributable to the high increases in various components making up the cost of sales including, bu..
  • Harmony Gold reports solid performance for FY14

    2014-08-14
    Harmony Gold Mining Company Limited has released its financial results for the year ended 30 June 2014.

    The company reports a year on year increase of 3% in gold production to 36 453kg. All-in-sustaining costs decreased, year on year, by 4% to R413 433/kg. Underground recovered grade improved 5% to 4.77 g/t gold. Total capital expen..
  • Avocet Mining places shares

    2014-08-14
    Avocet Mining Plc has placed 9 950 000 new ordinary shares with existing investors at a price of 7.13 pence per share to raise approximately $1.2 million.

    The issue price for the shares represents a 5% discount to the closing price of 7.51 pence per share on 13 August 2014.

    The ..
  • African Eagle Resources suspends trading

    2014-08-13
    African Eagle Resources Plc has announced the suspension of trading on AIM and AltX resulting from the company not completing acquisitions which constitute a reverse takeover under the AIM rules. 

    The company is currently in the process of implementing its investing policy. Should the company be unable to implement the poli..
  • Tjate Platinum Corporation submits final Environmental Impact Assessment

    2014-08-13
    Tjate Platinum Corporation (Pty) Ltd, a subsidiary of Jubilee Platinum Plc, has submitted its Environmental Impact Assessment and Environmental Management Programme to the Department of Mineral Resources for its Tjate platinum project in South Africa.

  • Stellar Diamonds releases update from Guinea operations

    2014-08-13
    Stellar Diamonds Plc has released an operational update from its Baoul kimberlite project located in Guinea.

    Currently the company is using its existing Guinea mining plant and equipment with the aim of fast tracking the project with first commissioning ore expected to be process in September 2014.

    &..
  • Camac Energy releases Q2 2014 results

    2014-08-12
    Camac Energy Incorporated has released its financial and operating results for the quarter ended 30 June 2014. 

    During the period under review, the company commenced with the drilling programme for the Oyo-8 well which is located offshore Nigeria. The well was drilled to a total depth of 6 059 feet and successfully intersec..
  • Aquarius Platinum delivers on its objectives for FY2014

    2014-08-12
    Aquarius Platinum Limited has released its preliminary results for the year ended 30 June 2014.

    Key financial points for the year included a significantly strengthened balance sheet, resulting from the conclusion of rights issue and the repurchase of bonds, which alone generated $11 million in profit.
  • AngloGold Ashanti reports a 17% increase in output

    2014-08-11
    AngloGold Ashanti Limited has released its production results for the three month period ended 30 June 2014.

    AngloGold Ashanti further reported that no fatalities occurred across any of its 11 operations during the quarter. This is the first time since 2010 that no fatalities have been reported. The all injury frequency rate improve..
  • Tawana Resources suspends field activities in Liberia

    2014-08-11
    Tawana Resources NL has advised shareholders that all non-essential field activities in Liberia have been suspended, due to the current health risk associated with the recent outbreak of the Ebola Virus Disease. 

    The Pre-Feasibility Study, which does not require direct field presence, will continue to be progressed.
  • Kogi Iron completes placement of shares

    2014-08-11
    Kogi Iron Limited and its 100% owned subsidiary, KMC Mining Limited, have  placed the remaining 14.7 million fully paid ordinary shares at AUD0.03 per share.

    These Shortfall Share are expected to raise an additional AUD0.440 million pursuant to the 1:5 non-renounceable entitlement offer that closed in July 2014. &l..
  • Botswana Diamonds to commence drilling

    2014-08-11
    Botswana Diamonds Plc has announced that the drilling programme on Prospecting Licence No PL117/2011 in Orapa, Botswana, will commence in the third week of September 2014. 

    The programme will focus on two specific targets, AN117/1 and AN..
  • African Potash secures $3 750 000 for the Lac Dinga potash project

    2014-08-11
    African Potash Limited has entered into a convertible securities issuance deed with Bergen Opportunity Fund, LP, regarding the issuance of zero coupon convertible securities.

    The convertible securities have a nominal value of up to $3 750 000 and will be payable in four tranches. 

  • IMX Resources updates on Nachingwea project

    2014-08-11
    IMX Resources Limited has received notification from MMG Exploration Holdings Limited stating that it will not exercise its right to proceed to stage 2 of the joint venture agreement at the Nachingwea property in Tanzania.

    MMG Exploration Holdings..
  • Wescoal Holdings to acquire mining right

    2014-08-08
    Wescoal Holdings Limiteds subsidiary Wescoal Mining (Pty) Ltd has entered into an acquisition agreement with Mintirho Mining (Pty) Ltd for the Intibane phase 2 mining right, which is adjacent to the companys Intibane Colliery in South Africa.

    &l..
  • Randgold Resources achieves record production

    2014-08-07
    Randgold Resources Limited has achieved another record production from its  Loulo-Gounkoto complex in Mali, which sees the company reaching the halfway mark to achieving its guidance for the year.

     
    The Loulo-Gounkoto complex recorded production of 174 052 ounces of gold. Other highlights incl..
  • Oando successfully completes $1.5 billion acquisition

    2014-08-06
    Oando Plc has completed its acquisition of ConocoPhillips Nigerian Upstream oil and gas business for a total consideration of $1.5 billion. 

    The acquisition of the Nigerian oil and gas businesses includes both the onshore business, Phillips Oil Company Nigeria Limited and offshore businesses Conoco Exploration and Producti..
  • Triton Minerals releases preliminary results

    2014-08-05
    Triton Minerals Limited has released its preliminary exploration results from the Balama South project in Mozambique.


    Highlights included the identification of surface graphite mineralisation during exploration in numerous locations at Balama South. The company also identified visible large flake and..
  • Coal of Africa releases quarterly operational update

    2014-08-05
    Coal of Africa Limited has released an operational update for the quarter ended 30 June 2014.
     

    During the quarter, Front End Engineering and Design processes for the Vele Colliery plant modification was continued by Sedgman and there was no lost time due to injuries. 
    &l..
  • Orbis Gold secures Korhogo West permit

    2014-08-05
    Orbis Gold Limited has been granted the 380km Korhogo West exploration permit located in the northern region of Cote dIvoire.

    The Korhogo West permit is located along the Banfora greenstone belt which hosts the multi-million ounce Tongon and Banfora gold deposits. 

    Th..
  • Sula Iron & Gold releases results from Ferensola project

    2014-08-04
    Sula Iron & Gold Plc has released an operational update from its 100% owned Ferensola iron ore project in Sierra Leone. 

    The results from the final three batches of the direct shipping ore drill programme, yielded; BHDD159, 8 metres ..
  • Kenmare Resources releases update on debt financing

    2014-08-04
    Kenmare Resources Plc has agreed on an amendment to the project financing terms for the Moma mine in Mozambique. 

    The amendment eliminates the requirement to make scheduled principal payments of senior debt and payments of interest and principal of subordinated debt, which are due in August 2014, February 2015 and August 20..
  • Giyani Gold extends exclusivity period

    2014-08-04
    Giyani Gold Corporation remains in exclusive negotiations with a private international energy company and has extended the period of exclusivity to 15 August 2014. 

    Both companies continue to negotiate the terms and conditions for the transaction, as they work towards completing the agreement.
  • North River Resources granted environmental clearance

    2014-08-01
    North River Resources Plc has been granted environmental clearance by the Namibian Ministry of Environment and Tourism for the Environmental Assessment and Environmental Management Plan for the proposed re-commissioning of its Namib lead zinc mine in Namibia.

  • Lonmin enters into a binding agreement

    2014-08-01
    Lonmin Plc has entered into a binding agreement with the Bapo ba Mogale Traditional Community regarding a series of transactions. 

    The transactions will enable the groups relevant companies to meet the South African government requirements regarding Black Economic Empowerment targets. Under the agreement, the Bapo ba Mogal..
  • Predictive Discovery upgrades Bongou prospect potential

    2014-07-31
    Predictive Discovery Limited has released the results from the drilling and trenching that took place on its Bongou gold prospect in Burkina Faso.

    The company has identified five additional gold mineralised targets surrounding its Bongou prospect..
  • Aureus Mining closes International Finance Corporation placement

    2014-07-31
    Aureus Mining Incorporated has advised shareholders that it has closed the subscription by International Finance Corporation for 24 520 296 units at an issue price of 0.27 per unit.

    Each unit comprises of one common share and half of one common share purchase warrant. Each full warrant entitles the holder to purchase one share at a..
  • Exxaro Resources set to acquire Total Coal South Africa

    2014-07-30
    Exxaro Resources Limited has entered a binding sale and purchase agreement with Total S.A to acquire 100% of the issued share capital of Total Coal South Africa (Proprietary) Limited. 


    The acquisition will enable Exxaro Resources to increase its coal portfolio and to establish itself as a pr..
  • African Barrick Gold reports an increase in gold production

    2014-07-30
    African Barrick Gold Plc has released its financial and production results for the six months ended 30 June 2014.


    Gold production for H1 2014 increased by 13% from H1 2013 to 346 581 ounces and gold sales increased by 5% to 330 947 ounces over the same period.

  • Randgold Resources releases update from Tongon mine

    2014-07-30
    Randgold Resources Limited reports that it is continuing to make headway at the Tongon gold mine in Cote dlvoire despite ongoing technical issues.


    The company has not achieved the production ramp-up target set for the mine due to the flotation circuit needing to be expanded as well as a mechanical f..
  • Delrand Resources closes private placement

    2014-07-30
    Delrand Resources Limited has closed its non-brokered arms length private placement of 500 000 units at a price of CAD0.50 per unit for proceeds amounting to CAD250 000.


    Each units includes one common share in Delrand Resources and a half of one warrant of the company. Each full warrant entitles the..
  • African Potash provides drilling programme update

    2014-07-30
    African Potash Limited has released an update regarding the drilling activities being conducted at its Lac Dinga Potash project located in the Republic of Congo.


    In June 2014, the company appointed RCT srl to undertake a maiden 1 000 metre diamond drill programme. African Potash has reported that the..
  • Paladin Energy concludes disposal of joint venture stake

    2014-07-29
    Paladin Energy Limited has advised shareholders that it has successfully completed the disposal of its 25% stake in the Langer Heinrich uranium joint venture project in Namibia.


    The company sold its stake to CNNC ..
  • Cardinal Mining Services signs agreement with Savannah Mining Ghana

    2014-07-29
    Cardinal Resources Limited has announced that its 100% owned subsidiary, Cardinal Mining Services Limited, has entered into a Heads of Agreement with Savannah Mining Ghana Limited for the provision of mining support services to Ghanaian mining license holders. 

    Savannah Mining Ghana has signed a strategic agreement with Nam..
  • Lonmin releases Q3 production results

    2014-07-28
    Lonmin Plc has released its Q3 2014 production results for the quarter ended 30 June 2014 and an interim management statement covering the period from 1 April 2014 to 25 July 2014. 

    The company reports that 90% of all their employees have returned to work and production has commenced. To date the company has incurred costs ..
  • Anglo American reports solid performance for H1 2014

    2014-07-28
    Anglo American Plc has released its financial results for the six month period ended 30 June 2014. 

    The group continued to perform well during the period under review despite weaker commodity prices. Higher volumes were achieved across most of the portfolio, with a 2% decrease in cash costs, in real terms. Group underlying ..
  • Republic Golds CEO resigns

    2014-07-28
    Republic Gold Limited has announced the resignation of its Managing Director and Chief Executive Officer, Mark Gillie, with effect from 31 July 2014.


    Gillie will, however, remain active on the companys Board of Directors, reviewing a number of exciting opportunities which are being considered for af..
  • IMX Resources releases project update

    2014-07-28
    IMX Resources has released an update regarding its Ntaka Hill Nickel sulphide project located in Tanzania.


    The company entered into a joint venture agreement with MMG Exploration Holdings Limited regarding the Nachingwea property, under which MMG Exploration may earn up to a 60% interest in the Nachi..
  • Anglo American Platinums production decreases by 40%

    2014-07-23
    Anglo American Platinum Limited released its production report for the second quarter ended 30 June 2014.

    The company reports a 40% decrease in total equivalent refined platinum production to 358 000 ounces. The substantial decrease is attributed to the five month long industrial action which affected the companys Rustenburg, Amand..
  • Bushveld Minerals announces Scoping Study results

    2014-07-23
    Bushveld Minerals Limited has completed the Scoping Study for its Bushveld Vanadium project in South Africa.

    The study revealed robust economics for a 1 million tonne per annum run-of-mine which is targeting10 370 tonnes of vanadium oxide. The study demonstrated a low capital expenditure of 261.5 million, a pre-tax Net Present Value..
  • Stratex International to subscribe to GoldStone Resources shares

    2014-07-23
    GoldStone Resources Limited has announced that Stratex International Plc has proposed to subscribe to 20 833 333 new ordinary shares at a price of 6 pence per share.

    The subscription will take place after the completion of the proposed 1 for 10 Share Consolidation.

    Following the..
  • Aquarius Platinum concludes wage agreements

    2014-07-22
    Aquarius Platinum Limited has announced that Aquarius Platinum (South Africa) (Proprietary) Limited, its wholly owned subsidiary, has reached separate three year wage agreements.

    The wage agreements were concluded with the National Union of Mineworkers (NUM) and Solidarity for their respective members working at Kroondal mine, in So..
  • Buffalo Coal Corporation announces changes to the Board

    2014-07-21
    Buffalo Coal Corporation has announced the resignation of Bernard Wilson from the Board of Directors, with effect from 07 July 2014. 

    Wilson served on the Board as a Director and the Chairman of the Governance Committee.

    The company wishes to thank Wilson for his contri..
  • MOD Resources releases update on Mahumo project

    2014-07-21
    MOD Resources Limited has released an update on its Mahumo copper/silver project, located in Botswana. 

    After previous drilling conducted at the project had confirmed the copper/silver mineralisation, a preliminary conceptual study has been undertaken with the aim of evaluating the potential for development of the West and ..
  • Triton Minerals successfully completes $8.5 million placement

    2014-07-21
    Triton Minerals Limited has announced the successful completion of a placement to investors of 17 million fully paid ordinary shares at a price of $0.50 per share to raise $8.5 million. 

    Following the successful $8.5 million capital raising the company will accelerate exploration activities and studies at Balama North. The ..
  • Elemental Minerals appoints new Managing Director

    2014-07-21
    Elemental Minerals Limited has announced the appointment of John Sanders as the new Managing Director.

    Sanders will be taking over from Ian Macpherson who intends to continue serving on the Board as a Non-Executive Director.

    Sanders has over 30 years experience in the African ex..
  • Keaton Energy releases quarterly production update

    2014-07-21
    Keaton Energy Holdings Limited released its quarterly production report for the period ended 30 June 2014.

    The companys Vanggatfontein Colliery, in South Africa, delivered 617 324 tonnes of washed 2-seam and 4-seam thermal coal to Eskom, represen..
  • Argosy Minerals announces changes to the Board

    2014-07-21
    Argosy Minerals Limited has announced the appointment of Ranko Matic and Jerko Zuvela to its Board of Directors, effective immediately.

    Matic is a qualified Chartered Accountant with 25 years of experience. He has worked in areas of finance, accounting, business, audit and corporate advisory. He is a Director and Company Secretary o..
  • Royal Bafokeng Platinum concludes a wage agreement with NUM

    2014-07-21
    Royal Bafokeng Platinum Limited has successfully concluded a wage agreement with the National Union of Mineworkers (NUM), who represent the companys permanent employees.

    The new wage agreement applies to all employees within the the A to D1 categories and will be implemented in two phases. The first phase will be from 1 July 2014 u..
  • Kumba Iron Ore releases quarterly update

    2014-07-18
    Kumba Iron Ore Limited has released a production and sales update report from its subsidiary, Sishen Iron Ore Company (Proprietary) Limited, for the quarter ended 30 June 2014.

    Total production increased to 11.5 million tonnes for the period, representing a 2% increase when compared to Q2 2013 and a 1% increase when compared to Q1 2..
  • Anglo American releases quarterly production report

    2014-07-18
    Anglo American Plc has released a production report for the quarter ended 30 June 2014.

    Production from the groups subsidiary, Kumba iron ore, increased by 2% to 11.5 million tonnes following satisfactory performances at the Sishen and Kolomela mines. Waste removal at the Sishen mine was an operational focus for the period under re..
  • Aureus Mining reports positive results

    2014-07-16
    Aureus Mining Incorporated has released additional results from 30 holes of the phase four drilling programme at the Ndablama gold project in Liberia. 

    The phase four drilling programme included approximately 19 000 metres of reverse circulation and diamond drilling. The drilling programme was undertaken on the down dip and..
  • Gold Fields releases production guidance for Q2

    2014-07-16
    Gold Fields Limited has released a guidance update for the second quarter of 2014.

    The group anticipates attributable gold equivalent production to be approximately 547 000 ounces for the quarter ended 30 June 2014. 

    All-in sustaining costs and all-in costs for the peri..
  • LP Hill extends loan agreement period

    2014-07-16
    LP Hill Plc has extended its pre-existing unsecured loan agreement with Irvine Securities Limited for an additional six months. 

    The companys 150 000 outstanding principal amount and the accrued interest is now repayable on or before 11 January 2015. The company intends to raise further equity and debt finance to ensure t..
  • Kumba Iron Ore releases trading statement

    2014-07-16
    Kumba Iron Ore Limited has released its trading statement for the six months ended 30 June 2014.

    Both headline earnings and basic earnings are expected to be between R6 255 million and R6 895 million. This represents a decrease when compared with headline earnings of R7 748 million and basic earnings of R7 759 million reported for t..
  • Rockwell Diamonds reports a 67% increase in revenue

    2014-07-16
    Rockwell Diamonds Incorporated has released results for the three month period ended 31 May 2014. 

    The company reports a net profit of CAD345 000 compared to a CAD1.2 million loss reported for the previous corresponding period. Revenue for the period increased by 67% year-on-year to CAD15.1 million, CAD9.7 million of which ..
  • Papillon Resources releases quarterly report

    2014-07-15
    Papillon Resources Limited has released its quarterly report for the year ended 30 June 2014.

    During the period under review, the company entered into a merger implementation agreement with B2Gold Corporation, in order to combine the two companies at an agreed exchange ratio of 0.661 B2Gold shares for each Papillon Resources share h..
  • Anglo American Platinum releases a trading statement

    2014-07-15
    Anglo American Platinum Limited has released a trading statement for the six month period ended 30 June 2014.

    The company expects Headline Earnings per Share for the period to decrease to between 20 cents and 80 cents from the 514 cents recorded for the six month period ended 30 June 2013.

  • Botswana Diamonds XRF scanning confirms nickel mineralisation

    2014-07-15
    Botswana Diamond Limited has released the results of the portable XRF scanning conducted at one of the two new diamond drill holes at the Maibele north prospect in Botswana.

    According to the scanning programme, nickel mineralisation was confirmed in all three sulphide zones. In the massive sulphide zones, the nickel range was betwee..
  • Elemental Minerals completes Maiden Mineral Resource Estimate

    2014-07-15
    Elemental Minerals Limited has announced the completion of the Maiden Mineral Resource Estimate for a portion of the Dougou prospect in the Republic of Congo.

    The Inferred Mineral Resource Estimate for the Dougou prospect is 1.29 billion tonnes grading 21.72% potassium chloride, which includes 520 million tonnes grading 24.58% potas..
  • Perseus Mining receives VAT refunds

    2014-07-14
    Perseus Mining Limited has announced that it has received all outstanding VAT debt owed by the Government of Ghana.


    The company received $6.7 million (GHc 20.0 million) on 13 June 2014, $3.3 million (GHc 10.0 million) on 24 June 2014 and $5.8 million (GHc 17.6 million) on 8 July 2014. The company is ..
  • Kibo Mining places shares to raise 600 000

    2014-07-14
    Kibo Mining Plc has received commitments to a share placing of 34 285 714 new ordinary shares at a placing price of 1.75 pence per share to raise 600 000.

    All the Directors of Kibo Mining will be participating in the placing for a cumulative amount of 100 000. The delivery of 7 285 714 shares will be deferred..
  • IMX Resources announces commencement of Ntaka Hill drilling programme

    2014-07-09
    IMX Resources has announced that its joint venture partner MMG Exploration Holdings Limited has commenced with a 23 000 metre drilling programme at the Ntaka Hill nickel sulphide project in Tanzania. 

    The drilling programme is set to test various advanced nickel sulphide targets which were identified during MMG Exploration..
  • Caledonia Mining Corp declares a dividend

    2014-07-09
    Caledonia Mining Corporation has declared its fifth dividend payment of CAD0.015 per common share in issue as at 18 July 2014.

    The company has previously announced that it intends to pay an annual aggregate dividend of 3.3 pence per share in quarterly installments. 

    As ..
  • Kenmare Resources releases Q2 production results

    2014-07-09
    Kenmare Resources Plc has released a production report for the second quarter of 2014.

    The company achieved record production of ilmenite and primary zircon in Q2 2014. Ilmenite production for H1 2014 increased by 47%, from 302 600 tonnes recorded for H1 2013 to 445 600 tonnes and zircon production for H1 2014 increased from 19 100 ..
  • Forbes & Manhattan Coal closes remainder of secured loan

    2014-07-09
    Forbes & Manhattan Coal Corporation has announced that it has closed the remainder of its $25 million secured convertible loan facility from Resources Capital Fund VLP. 

    The facility loan consists of a $4 million bridge loan received in February 2014, a convertible loan of $15 million which was advanced in a number ..
  • Savannah Resources completes drilling programme in Mozambique

    2014-07-09
    Savannah Resources Plc has completed its scout drilling programme at its 180 kilometres Jangamo heavy mineral sands project in Mozambique. 

    In total 3 990 metres were drilled in 96 holes. The company estimates six major anomalous zones within the project area. Drill samples have been sent for analysis, with results expecte..
  • Anglo American set to sell its stake in Lafarge Tarmac

    2014-07-09
    Anglo American Plc has announced its intention to dispose of its 50% stake in Lafarge Tarmac Holdings Limited to Lafarge SA.

    The purchase consideration will be for a minimum of $1.5 million, subject to certain conditions surrounding the upcoming Lafarge/ Holcim Limited merger.

    T..
  • African Minerals releases production update

    2014-07-09
    African Minerals Limited has released its production results for H1 FY2014.

    The company reports having produced 4.55 million tonnes for export in 26 vessels for Q1 and 4.52 million tonnes for export in 26 vessels for Q2.

    Revenue capture has improved in Q2, with discounted all in..
  • Castle Minerals completes a Mineral Resource estimate

    2014-07-08
    Castle Minerals Limited has completed the Mineral Resource Estimate for its Kpali gold prospect in Ghana.


    The completed Mineral Resource Estimate amounts to 2.9 million tonnes at 1.1 g/t gold for 107 200 ounces. Fo..
  • Kibaran Resources completes share placement

    2014-07-07
    Kibaran Resources Limited has successfully completed a AUD3.1 million share placement, which was heavily oversubscribed. 

    The company reports a strong demand for the share placement from existing investors, sophisticated retail investors and funds. The placement was for 23.1 million ordinary fully paid shares at a price of ..
  • Waterberg Coal Company formally appoints an EPC contractor

    2014-07-07
    Waterberg Coal Company Limited has announced that the Waterberg Coal Joint Venture Partners has entered into a Letter of Intent with ARDBEL to develop the 22 million tonne per annum coal handling facility, processing plant and associated civil works for its Waterberg coal project in South Africa. 

    The Engineering, Procureme..
  • North River Resources and Greenstone Resources sign an Investment Agreement

    2014-07-07
    North River Resources Plc has signed a Binding Investment Agreement with Greenstone Resources LP, whereby Greenstone Resources will invest up to $12 million. 

    Greenstone Resources has agreed to supply funding to North River Resources through a series of equity subscriptions. The initial subscription, or first tranche under ..
  • Apollo Consolidated releases Seguela assay results

    2014-07-07
    Apollo Consolidated Limited has announced the assay results from the recently completed maiden reverse circulation drilling programme at the Seguela gold project in Cote dIvoire. 

    25 holes were drilled for a total of 2 440 metres at two main target areas Gabbro and Kwenko. Both target areas indicated significant
  • Boss Resources enters a Joint Venture with Gryphon Minerals

    2014-07-04
    Boss Resources Limited has announced that it has finalised its earn in agreement and an equipment sale agreement with Gryphon Minerals Limited.

    The earn in agreement enables Gryphon Minerals to earn up to 80% of Boss Resources highly prospective gold
  • Pan African Resources' Director resigns

    2014-07-04
    Pan African Resources Plc has announced the resignation of Non-Executive Director, Rob Still with effect from 01 July 2014.

    Stills resignation is due to his increasing global responsibilities within his private equity business.

    Rowan Smith has been appointed as a Non-Executive ..
  • Hummingbird Resources appoints a development team for Yanfolila

    2014-07-02
    Hummingbird Resources Limited has appointed a Development Team for the Yanfolila project, in Mali, which will be led by Charles Graham. 


    The appointments followed the completion of Hummingbird Resources acquisition of Gold Fields Limiteds Malian assets.

    <..
  • Oando looks to conclude ConocoPhillips acquisition

    2014-07-02
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has targeted the end of July to conclude the acquisition of ConocoPhillips Nigerian Upstream Oil and Gas business.

    The parties have extended the closing date to 31 July 2014 to give them enough time to complete the activities required to close the transaction.
  • Sentula Mining reports a R203 million reduction in net debt

    2014-07-02
    Sentula Mining Limited has released its audited financial results for the year ended 31 March 2014.


    The company reports having consolidated its mining services business during the year and reducing its net debt by R203 million from the total recorded for the end of FY2013. The company further reports..
  • Kibo Mining releases FY2013 results

    2014-07-02
    Kibo Mining Plc has released its results for the year ended 31 December 2013.


    The company reports having achieved important milestones in the strategy of moving Kibo Mining from a junior explorer to a mineral development company.


  • Central Rand Gold reduces central basin water level

    2014-07-02
    Central Rand Gold Limited reports a visible reduction of the water level in the central basin as the performance of the High Density Sludge plant improves throughout its commissioning phase.


    The High Density Sludge plant has been operational since 23 May 2014. The company reports that no 'fatal ..
  • Tribune Resources releases Ghana exploration results

    2014-07-01

    Tribune Resources Limited has released an update regarding exploration work conducted at its Japa project located in Ghana.

  • Anthony Cipriano to serve the Board of Liontown Resources

    2014-07-01
    Liontown Resources Limited has appointed Anthony Cipriano to serve as a Non-Executive Director on the companys Board of Directors.


    Cipriano is a qualified Chartered Accountant with 27 years of experience, the last 15 years of which he spent as a partner at Deloitte. He was the leader of Deloitte Per..
  • Kasbah Resources receives final payment for 20% stake in Achmmach tin project

    2014-07-01
    Kasbah Resources Limited has disposed of 20% of the Achmmach tin project located in Morocco, to Toyota Tsusho Corporation.


    The company has received a total of AUS17.2 million from Toyota Tsusho. Kasbah Resources holds a 75% stake in the projects joint venture, Toyota Tsusho holds 20% and Nittetsu Mi..
  • Perseus Mining receives additional high grade drill results

    2014-07-01
    Perseus Mining Limited has released the results of the recent drilling which was undertaken at the Bokitsi South prospect at its Edikan gold mine in Ghana.

    The drilling programme consisted of 37 reverse circulation drills totaling 2 973 metres. Positive results include: 16 metres at 6.4 g/t gold from 43 metres including 3 metres at ..
  • Firestone Diamonds begins work at Liqhobong

    2014-06-30
    Firestone Diamonds Plc has announced the commencement of earthworks at its Liqhobong diamond mine, in Lesotho.


    The company scheduled work to begin following the closing of the project financing in May 2014. Construction and development is expected to take 2 years with nameplate production of 300 000 ..
  • Keaton Energy acquires an additional 18% in Leeuw Mining and Exploration

    2014-06-30
    Keaton Energy Holdings Limited has entered into a share purchase agreement to acquire an additional 18% in Leeuw Mining and Exploration (Proprietary) Limited from JPI Leeuw and Associates (Proprietary) Limited.


    Keaton Energy already holds 74% in Leeuw Mining and Exploration while JPI Leeuw and Associ..
  • Bassari Resources reports positive Feasibility Study results

    2014-06-26
    Bassari Resources Limited has released the results of the Makabingui gold project Feasibility Study, which yielded positive results supporting profitable high grade gold production in Senegal

    The study outlined a low cost, highly profi..
  • Exxaro Resources writes down value of Mayoko project

    2014-06-25
    Exxaro Resources Limited has advised shareholders that there will be an impairment of the companys investment in the Mayoko iron ore project, in the Republic of Congo.


    Although the Concept Study on the 12 million tonne project was concluded in June 2014, Exxaro Resources has failed to conclude port ..
  • AMCU and platinum producers reach a wage settlement

    2014-06-25
    Impala Platinum Holdings Limited, Anglo American Platinum Limited and Lonmin Plc have reached a 3 year wage agreement with the Association of Mineworkers and Construction Union (AMCU) regarding wages and conditions of service for platinum mine workers.


    The terms of the agreement include an annual inc..
  • Wescoal Holdings reports a 69.5% increase in revenue

    2014-06-25
    Wescoal Holdings Limited has released its reviewed condensed consolidated results for the year ended 31 March 2014.


    The companys revenue from all operations increased by 69.5% to R1.1 billion, in comparison to the R676.9 million reported for FY13. Operational EBIDTA increased by 123.6%, from R45.3 m..
  • Sula Iron and Gold completes high resolution topographic survey

    2014-06-25
    Sula Iron and Gold Plc has announced the completion of a high resolution topographic survey conducted at its 100% owned Ferensola project located in Sierra Leone. 


    The survey, conducted by Kevin Saunders of DM & S Surveys, was undertaken with the aim of calculating the volume of the ..
  • Uranex begins 2014 exploration season at Nachu

    2014-06-24
    Uranex Limited has commenced with the 2014 exploration season on the Nachu graphite project located in Tanzania, following the success of the 2013 exploration programme. 


    The company has begun an Electro-M..
  • Kibaran Resources signs MoU with 3D Group

    2014-06-24
    Kibaran Resources Limited has formed a strategic alliance with 3D Group (Proprietary) Limited to investigate graphite and graphene application opportunities in the fast growing 3D printing market.


    The companys will, under the agreement, form a joint Research and Development company to develop patent..
  • Drake Resources commences drilling in Guinea

    2014-06-24
    Drake Resources has announced the commencement of its 1 500 metre reverse circulation drilling programme at its Seimana gold project in Guinea.

    This programme is the first to be carried out on multiple targets in the highly prospective area.

    Chief Executive Officer, Jason Stirbi..
  • Metals of Africa set to begin exploration programme in Mozambique

    2014-06-23
    Metals of Africa Limited has announced its intention to commence with an exploration programme at its 100% owned Montepuez graphite project in Mozambique.

    The project consists of three exploration licenses, all of which are highly prospective for graphite mineralisation. Previous drilling has identified targets to be further investi..
  • Premier African Minerals releases RHA project update

    2014-06-23
    Premier African Minerals Limited has released an update regarding the mine study progress for its 49% owned RHA tungsten project, in Zimbabwe.

    Following the recent significant increase in the Indicated and Inferred Resource estimates at the RHA tungsten project, the company commissioned a review of the potentially low capital cost, ..
  • Edenville Energy completes share placement

    2014-06-23
    Edenville Energy Plc has successfully completed a placement of 416 666 666 new ordinary shares at a price of 0.06 pence, which raised a total of 0.25 million. 

    The company has applied to the AIM to have the shares admitted for trading and anticipates the admission to be effective on or round about 23 June 2014. Following t..
  • Oklo Resources completes auger drilling programme

    2014-06-23
    Oklo Resources Limited has announced the completion of the auger drilling programme carried out at its Dandoko gold project in Mali. 

    1 218 metres of auger drilling was carried out in May and early June 2014 at the Selingouma North and Selingouma South targets, located within 6km of the recent Disse and Diabarou discoveries..
  • Golden Rim Resources releases sampling results from Korongou

    2014-06-20

    Golden Rim Resources Limited has released an update on its drilling programmes and the rock chip sampling undertaken at the Korongou permit in Burkina Faso

  • Oando Energy Resources receives approval for $1.65 billion acquisition

    2014-06-19
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has received approval from the Honourable  Minister of Petroleum Resources of Nigeria for the acquisition of ConocoPhillips Nigerian Oil and Gas Business. 

    The total cash consideration for the acquisition amounts to $1.65 billion, subject to customary..
  • African Eagle Resources reclassified under AIM rules

    2014-06-19
    African Eagle Resources Plc has released its audited financial results for the year ended 31 December 2013. 

    The 2013 financial period was a challenging year for the company as it was not able to raise funding in the capital markets which lead to the company having to sell almost all of its assets in August 2013. The compan..
  • Giyani Gold in exclusive negotiations with EnergyCo

    2014-06-19
    Giyani Gold Corporation is currently engaged in exclusive negotiations with a private international energy company, EnergyCo regarding multiple projects in jurisdiction, including the companys operating asset in South Africa.

     The exclus..
  • Tharisa reports a 22.6% increase in revenue

    2014-06-19
    Tharisa Plc has released the reviewed condensed consolidated interim financial statements for the period ended 31 March 2014. 

    The company reports an increase of 22.6$ to $126.1 million in group revenue, resulting from an increase of 38 400 ounces in platinum group metals production, from 28 000 ounces  reported du..
  • African Eagle Resources enters into a loan agreement

    2014-06-18
    African Eagle Resources Plc has entered into an unsecured loan facility agreement for up to 365 000 with the companys Chief Executive Officer, Nick Clarke and Chairman, Kola Karim. 


    The facility agreement is available for draw down until 30 November 2015, with an interest rate of 5% per an..
  • Goldplat releases trading and operating update

    2014-06-18
    Goldplat Plc has provided a trading update and announced operational updates for its two gold recovery businesses and its gold project.


    The company expects its financial results, for the six months ended 31 July 2014, to reflect a substantial increase in operating profit from the prior six month peri..
  • Sentula Mining releases trading statement

    2014-06-18
    Sentula Mining Limited has released its trading statement for the year ended 31 March 2014.


    The company expects, with reasonable certainty, its basic loss per Share to be between 83.6 and 100.1 cents, in comparison to the basic loss per share of 148.5 cents for the year ended 31 March 2013. In additi..
  • Integrated Resources Group updates on exploration at the Kalengwa project

    2014-06-17
    Integrated Resources Group Limited announced that exploration on the Kalengwa project is currently in advanced stages with the initiation of re-logging of historical diamond drill cores and desktop studies. 


    Of the previous 436 holes drilled at the Kalengwa South project, 16 were diamond hol..
  • Lucapa Diamonds confirms diamond-bearing kimberlite

    2014-06-17
    Following the discovery of four diamonds of good shape and colour during surface sampling, Lucapa Diamond Company Limited has confirmed that the Se251 kimberlite pipe is diamond-bearing.


    Se251 is the largest kimberlite pipe at the companys Lulo Diamond Concession in Angola, three of the four diamond..
  • Tiger Resources places shares to raise AUD20 million

    2014-06-17
    Tiger Resources Limited has announced a share placement at an issue price of AUD0.34 per share to professional, sophisticated and other exempt investors, to raise AUD20 million, before issue expenses. 


    Canaccord Genuity (Australia) Limited and UBS AG Australian branch, acted as Joint Lead M..
  • Cardinal Resources assay results confirm gold mineralisation

    2014-06-17
    Cardinal Resources Limited has received the assay results of the maiden drilling programme conducted on the Ndongo West prospect, at the Bolgatanga project located in Ghana.


    The maiden drilling programme comprised of 16 Reverse Circulation drill holes of 929 metres over the strike length of ~1 100 me..
  • Metals of Africa secures exploration funding

    2014-06-17
    Metals of Africa Limited has advised shareholders that it has secured funds to advance core exploration projects in Africa.


    The company announced a share placement of 7 604 000 shares at a price of AUD0.065 to raise AUD494 260. The proceeds will be put toward progressing exploration activities in Moz..
  • Hummingbird Resources set to acquire Gold Fields Mali operations

    2014-06-13
    Hummingbird Resources has entered into a conditional Sale and Purchase Agreement with Gold Fields Limited to acquire the Yanfolila project in Mali.

    The Yanfolila project is fully permitted with a 30 year mining license and its current mineral inve..
  • Petmin releases a cautionary announcement

    2014-06-12
    Petmin Limited has advised shareholders to exercise caution when dealing in its securities.


    The company has entered into negotiations which, if successfully concluded, will have a material effect on the price of Petmin shares.


  • Aureus Mining updates on construction progress at New Liberty

    2014-06-11
    Aureus Mining Incorporated has released an update regarding the construction conducted at its New Liberty gold project in Liberia

    The company reported that construction of the project has been progressing well and is on trac..
  • Ferrum Crescent releases Independent Mineral Asset Valuation Report

    2014-06-11
    Ferrum Crescent Limited released an Independent Mineral Asset Valuation Report conducted at its Moonlight iron ore project, in South Africa.


    The purpose of commissioning the valuation was to obtain approval from the South African Reserve Bank for the issue of shares by the companys subsidiary, Ferru..
  • Central Rand Golds Financial Director resigns

    2014-06-11
    Central Rand Gold Limited has announced the resignation of Financial Director, Patrick Malaza, with effect from 31 July 2014.


    With Malazas resignation, the company has the opportunity to identify emerging talent within its finance team. Duties are to be reallocated throughout the team, significantly..
  • StratMin Global Resources releases FY13 results

    2014-06-11
    StratMin Global Resources Plc has released its results for the year ended 31 December 2013. 

    In January 2013, the company completed the Reverse Take Over of the Graph Mada Group, which has a graphite exploration and development subsidiary in Madagascar. The fundamentals surrounding the acquisition were excellent, however, t..
  • Edenville Energy receives Expression of Interest

    2014-06-11
    Edenville Energy Plc has received a non-binding Expression of Interest from the Engineering, Procurement and Construction division of a multi-national conglomerate company headquartered in East Asia regarding the development of the companys Rukwa Coal-to-Power project located in Tanzania.
    ..
  • Paragon Diamonds obtains 100% interest in Meso Diamonds

    2014-06-11
    Paragon Diamonds Limited has increased its shareholding interest in its subsidiary, Meso Diamonds (Proprietary) Limited, by acquiring the remaining 15% held by a local partner, increasing its interest to 100%.

    Meso Diamonds was granted a mining lease over the Lemphane Kimberlite project, located in Lesotho.  The subsidiary ..
  • Lonmin announces strike talks have been dissolved without an outcome

    2014-06-11
    Lonmin Plc, and other platinum producers, have announced that the talks surrounding the ongoing industrial action in the platinum sector have been dissolved without an outcome.

    The talks were being facilitated by the Minister of Mineral Resources and on 28 May 2014, an Inter-Governmental Technical Task Team was assembled with the ai..
  • FAR announces changes to Senegal drilling programme

    2014-06-10
    FAR Limited has announced that changes have been made to its Joint Venture drilling programme in Senegal to incorporate essential rig maintenance.

    The maintenance on the FAN-1 well rig is expected to take approximately 12 days. The FAN-1 well is located in the North Fan prospect in the Sangomar Deep block roughly 100km offshore Sene..
  • Metals of Africas project update on Rio Mazoe project

    2014-06-10
    Metals of Africa Limited has released an update on the exploration activities currently being conducted at its Rio Mazoe lead-zinc-silver project, in Mozambique. 

    The 2014 Rio Mazoe field season has commenced with soil sampling, geological mapping programmes currently underway. Preparations for the ground electro-magnetic s..
  • Sipa Resources set to begin drilling in Uganda

    2014-06-09
    Sipa Resources Limited is set to commence drilling at its Kitgum-Pader Base and Precious Metals project, in Uganda, after having successfully raised approximately AUD3.98 million.

    The companys 80% owned subsidiary, Sipa Exploration Uganda Limited, holds exploration licenses covering 6 350km. Sipa Resources will first pass drill up..
  • Elemental Minerals to repay Dingyis convertible note

    2014-06-06
    Elemental Minerals Limited has advised that it will repay the AUD10 million convertible note to Dingyi Group Investment Limited, which did not exercise its right to convert the convertible note.

    The note, which requires a 30 days notice period, will be paid with interest on 20 June 2014.

    ..
  • Gryphon Minerals awards financing mandate to Macquarie Bank

    2014-06-06
    Gryphon Minerals Limited has signed a financing mandate of $60 million with Macquarie Bank Limited for the development of the Banfora Gold project located in Burkina Faso.

    Macquarie Bank will be acting as a sole arranger and underwriter for the Senio..
  • Botswana Metals places shares

    2014-06-06
    Botswana Metals Limited has announced the appointment of CPS Capital Group Proprietary Limited to manage its placement of 35 714 285 fully paid ordinary shares at AUD0.014 per share. 

    The company aims to raise approximately AUD500 000 through the placement.

    Proceeds rec..
  • Botswana Diamonds releases exploration programme results

    2014-06-05
    Botswana Diamonds Plc has released the results of its joint venture exploration programme on PL117/2011 in Botswana

    The first phase of analysis of the exploration programme data collected on PL117 has been completed with new targets id..
  • Ferrum Crescent releases financing process update

    2014-06-05
    Ferrum Crescent Limited has released an update regarding its process to secure approximately $10-13 million for the bankable feasibility study for its Moonlight iron ore project in South Africa.

    The company signed an Investment Agreement with Anvw..
  • Sibanye Gold releases an operational update

    2014-06-05
    Sibanye Gold Limited has released a strategic, technical and operating update for investors.


    Following the acquisitions of Witwatersrand Consolidated Gold Resources Limited and the Cooke underground and surface operations, the company revised its Mineral Resource and Mineral Reserve statements. Total..
  • Bushveld Minerals announces maiden JORC Resource

    2014-06-04
    Bushveld Minerals Limited has announced a Maiden JORC Compliant Inferred Mineral Resource of 442 million tonnes, at an average grade of 3.6% P2O5, using a 3% P2O5 cut-off, at its P-Q Zone deposit in Limpopo, South Africa.

    The phosphate Mineral Resource, defined along a total strike of circa 8.5 kilometres with an open-ended depth, w..
  • Stellar Diamonds updates on Baoul kimberlite diamond project

    2014-06-04

    Stellar Diamonds Plc released an update on its Baoul kimberlite diamond project in Guinea.

    The company has been focused on fast tracking the 5 hectare trial mining at its Baoul kimberlite pipe and the trial mining will make use of the companys existing in-country mining plant and equipment to save..
  • African Eagle Resources makes changes to the Board

    2014-06-04
    Nicholas Antony Clarke and Orikolade Adebayo Karim have been appointed to serve the Board of African Eagle Resources Plc as Chief Executive Officer and Non-Executive Chairman respectively.

    In addition, the company advises that current Managing Director, Robert McLearon, will be stepping down from his position to assume the role of F..
  • DiamondCorp releases audited results for FY2013

    2014-06-04
    DiamondCorp Plc released its audited financial results for the year ended 31 December 2013. 

    During the period,  the company actively reduced its overhead costs, including general mine and administrative costs, which assisted in reducing the net loss for the year, from R63.54 billion for FY2012, to R46.98 billion.&..
  • Tlou Energy releases production update

    2014-06-03
    Tlou Energy Limited has released an update from its Lesedi Coal Bed Methane project located in Botswana.

    Production at the Selemo pod achieved good gas pressure build up before it experienced a blocked pump intake which led to temporary closure t..
  • Kunene Resources commences with exploration project

    2014-06-03

    Kunene Resources Limited has released an update on exploration currently taking place at Kaoko project in Namibia

  • Aziana disposes of gold licenses

    2014-06-03
    Aziana Limited has announced the disposal of its Antandrokazo, Alakamisy and Antakasina gold licenses, located in Madagascar.


    The licenses will be sold to a Chinese Consortium for a consideration of $650 000, a cash deposit of $25 000 has been received from the buyer, to secure a 60 day exclusivity p..
  • Gold Fields re-commences with production at South Deep

    2014-06-03
    Gold Fields Limited announced the re-commencement of operations at its South Deep project located in South Africa, after the section 54 order from the Department of Mineral Resources was lifted.

    Production at South Deep was stopped after two separ..
  • Discovery Metals successfully completes AUD2.8 million placement

    2014-06-03
    Discovery Metals Limited has successfully raised AUD2.8 million through the placement of 84 005 164 fully paid ordinary shares to Transamine Trading S.A. 

    The placement price, of AUD0.03451 per share, was calculated according to the 5 day volume weighted average price for the company up to and including 27 May 2014, which i..
  • Universal Coal commissions DMS circuit at Kangala

    2014-06-03
    Universal Coal Plc has begun cold commissioning of the Dense Media Separation circuit of the washing plant at its 70.5% owned Kangala colliery located in South Africa

    Once commissioned, the company will be able to commence with export q..
  • Gold Fields halts production

    2014-05-29
    Gold Fields Limited has stopped production at its South Deep operation located in Johannesburg, South Africa following the outcome of a safety review process.


    The groups production guidance of 2.2 million attribut..
  • Sovereign Mines of Africa releases results for FY2013

    2014-05-29
    Sovereign Mines of Africa Plc released its audited results for the year ended 31 December 2013. 


    During the period, the company began the third phase of drilling with the aim of defining an initial gold resource at its Mandiana Magana flagship property, in Guinea. The companys expectations ..
  • Chrometco signs a Memorandum of Agreement with International Ferro Metals

    2014-05-29
    Chrometco Limited has entered into negotiations with International Ferro Metals and signed a Memorandum of Agreement whereby International Ferro Metals will conduct exploration drilling on the companys Rooderand asset, in South Africa.


    ..
  • Firestone Diamonds enters into financing agreements

    2014-05-29
    Firestone Diamonds Plc has entered into the Absa Debt Facility, Subscription Agreements and Mezzanine Facility Agreement.


    Fundraising efforts have raised approximately 137.3 million which will go towards the building and commissioning of the main treatment plant and supporting infrastructure for the..
  • Kibo Mining releases activities update for Q1 2014

    2014-05-29
    Kibo Mining Limited has released an update regarding its activities during the three month period ended 31 March 2014.


    The company reports that it has reached the advanced stages of negotiations for the choosing of a joint venture partner to develop the Rukwa coal to power project, located in
  • Bassari Resources fast tracks Makabingui development

    2014-05-27
    Bassari Resources Limited has released an update regarding the Definite Feasibility Study conducted at its Makabingui gold project in Senegal.


    The Definitive Feasibility Study is on track and anticipated for compl..
  • Birimian Gold upgrades gold prospects

    2014-05-27
    Birimian Gold Limiteds latest results from the ongoing exploration programme being conducted at the Basawa gold project, in Liberia, confirm an upgrade from the previously defined broad gold-in-soil anomalies.


    Th..
  • Jacka Resources successfully completes an Entitlement Offer

    2014-05-27
    Jacka Resources Limiteds Board of Directors has announced the successful completion of the fully underwritten Entitlement Offer. 


    The Offer raised a total amount of AUD2 855 109, in addition to the recently completed Placement which raised AUD1 000 000.

  • Tiger Resources commences with copper cathode production

    2014-05-27
    Tiger Resources Limited has started producing copper cathodes at its Kipoi copper project located in the Democratic Republic of Congo.

    This follows the completion of the construction and commissioning of the companys stage 2 solvent extraction e..
  • Sovereign Metals successfully completes placement

    2014-05-27
    Sovereign Metals Limited announced the completion of the 15.25 million ordinary share placement to sophisticated investors, to raise a total of AUD3.35 million before costs. 

    Proceeds from the placement will be put towards the companys exploration and testwork programmes for the graphite project located in Malawi as well a..
  • Beacon Hill Resources issues shares in lieu of Convertible Loan Note

    2014-05-26
    Beacon Hill Resources has advised shareholders that it has received notice from Darwin Strategic Limited of its decision to exercise its 300 000 Convertible Loan Note.

    As per the details of the Convertible Loan Note, the company will convert the 300 000 loan into shares in Beacon Hill Resources at a conversion price of 0.3223 penc..
  • Liontown Resources completes placement

    2014-05-26
    Liontown Resources Limited has successfully completed a placement of 50 000 000 shares at an issue price of 3 cents to raise $1.5 million before issue costs. 


    The company has, in addition to the placement, made a nominal offer of 10 000 shares at 3 cents per share under the cleansing prospec..
  • ArcelorMittal South Africa appoints a new CEO

    2014-05-23
    ArcelorMittal South Africa Limited has announced the appointment of Paul Sean OFlaherty as the new Chief Executive Officer and Executive Director of the company, effective from 1 July 2014.



    OFlaherty appointment followed the resignation of Ms Nonkululeko Nyembezi-He..
  • Atlatsa Resources reports a 19% increase in revenue

    2014-05-21
    Atlatsa Resources Corporation has released its results for the three month period ended 31 March 2014. 

    The companys revenue increased by 19% year-on-year, attributable to the 19% year-on-year increase in platinum group metals production volumes. The increase in production was despite unseasonal rain falls, safety stoppage..
  • Noble Mineral Resources further extends Deed of Company Arrangement deadline

    2014-05-20
    Noble Mineral Resources Limited has announced the extension date to complete the Deed of Company Arrangement entered into with Resolute Mining Limited.

    The Deed of Company Arrangement was originally proposed by Resolute Mining Limited, with regard to the Bibiani gold project in Ghana, in November 2013. Since its proposal, the deadli..
  • Aquarius Platinum successfully closes Rights Issue

    2014-05-20
    Aquarius Platinum Limited has received valid acceptances from qualifying shareholders regarding the offer of 931 250 197 Rights Issue Shares made by the company in April 2014.

    The Rights Issue Shares offered represents approximately 95.39% of the total number of Rights Issue Shares. Purchasers for the remaining 4.61% (44 956 709 Rig..
  • Central Rand Golds investor boosts company position

    2014-05-20
    Central Rand Gold Limited has released its unaudited preliminary results for the year ended 31 December 2013.


    During the period, Redstone Capital Limited invested $7.25 million into Central Rand Gold, which enable the company to move to a much stronger financial position. Funds received from Redstone..
  • AngloGold Ashanti reports a 22% reduction in costs

    2014-05-20
    AngloGold Ashanti Limited released its results for the quarter ended 31 March 2013 and reports an increase in production. 


    The companys production total amounted to 1.06Moz, a year-on-year increase of 17%, and was ahead of the 950Koz1Moz production guidance. Adjusted Headline Earnings amou..
  • Centamin releases quarterly results

    2014-05-19
    Centamin Plc has released its financial, production and exploration results for the three month period ended 31 March 2014. 

    The company reports its gold production total to have decreased by 19% quarter-on quarter to 74 241 ounces. The cash cost of production for the period was reported to be $744 per ounce. The production..
  • Jacka Resources completes a $12 million farmout agreement

    2014-05-19
    Jacka Resources Limiteds subsidiary, Jacka Resources Somaliland Limited, has completed a farmout agreement with Sterling Energy Limiteds subsidiary, Sterling Energy (East Africa) Limited, for the Odewayne Block Production Sharing Contract, in Somaliland.

    In November 2013, Jacka Resources announced its subsidiarys farmout of a 15%..
  • Birimian Gold continues to identify new targets at the Massigui project

    2014-05-16
    Birimian Gold Limited has announced that it received the final analytical results from the auger drilling programme conducted at the Massigui gold project in Mali

    ..
  • Premier African Minerals releases update on Danakil potash project ownership

    2014-05-16
    Premier African Minerals Limited has announced that Circum Minerals Limited exercised its exclusive option to acquire the issued share capital of Mandalore Development Limited, following Premier African Minerals acquisition of  a 100% interest in Mandalore Development.

    Circum Minerals had previously held 70% in the Danakil..
  • Predictive Discovery discovers new gold targets in Burkino Faso

    2014-05-14
    Predictive Discovery Limiteds power auger drilling at its high-grade Bongou gold prospect in Burkina Faso identified more than 20 gold anomalous targets. 


    The company has commenced with the infill..
  • African Energy completes its Prefeasibility Study

    2014-05-14
    African Energy Resources Limited completed its Prefeasibility Study for an underground coal mine on a 200 million tonnes portion of the A-Seam at the Mmamabula West prospect in Botswana


    The s..
  • Drake Resources retains the Seimana gold project

    2014-05-14
    Drake Resources Limited has announced that it will not proceed with the option agreements entered into with Martineau Mining Limited regarding the Seimana project and Tasiast South project located in Guinea and Mauritania respectively.

    Martineau Mining had a fixed period to secure the funding required to fast track the highly prospe..
  • Swala Energy accepts license offer

    2014-05-14
    Swala Energy Limiteds Zambian subsidiary, Swala Energy (Zambia) Limited, has been offered and accepted the rights over the Block 44 hydrocarbon exploration license, in Zambia.

    The Ministry of Energy is yet to formally award the license to Swala E..
  • Caledonia Mining generates strong cash in Q1

    2014-05-14
    Caledonia Mining Corporation has released its results for the quarter ended 31 March 2014.

    Gold production for the period totalled 10 241 ounces, marginally down from the total recorded in the same quarter of 2013.

    Cash from operating activities increased by 182% from CAN 2.2 mi..
  • Sentula Mining disposes of Geosearch group offices

    2014-05-14
    Sentula Mining Limited has advised shareholders that the companys wholly-owned subsidiary, Sentula Mining Services (Proprietary) Limited, entered into a Sale of Property Agreement with the Trustees of Truzen 67 Trust. 


    The sale of Property Agreement refers to the disposal of the companys 9..
  • Lonmin results heavily impacted by industrial action

    2014-05-14
    Lonmin Plc has released its interim results for the six month period ended 31 March 2014.

    The companys production has dropped by 43% to 3.2 million tonnes with 155 720 ounces of equivalent saleable platinum lost as a result of the ongoing industrial action. Saleable metal in concentrate amounted to 215 117 for the period, a decreas..
  • Shanta Gold changes management reward structure

    2014-05-14
    Shanta Gold Limiteds executive and senior management have agreed to change the companys management reward structure as part of the on-going efforts to link management remuneration to performance.

    It has been agreed that 20% of fixed salaries will be converted into performance based remuneration, which will run for two years. Share..
  • DRDGold reports a decrease in production

    2014-05-14
    DRDGold Limited released a report for the quarter and nine months ended 31 March 2014.

    Gold production decreased by 11% during the nine month period, when compared to the same period of 2013 and decreased by 14% quarter-on-quarter. Due to the effect ..
  • Goldplat's gold recovery operations return to profitability

    2014-05-13
    Goldplat Plc has released a trading statement for the three months ended 31 March 2014.

    The companys gold recovery operations in South Africa, Goldplat Recovery (..
  • ArcelorMittal South Africa returns to profit

    2014-05-13
    ArcelorMittal South Africa Limited released its unaudited quarterly results for the three month period ended 31 March 2014. 

    The company reports liquid steel production to have increased by 213 000 tonnes to total 1.2 million tonnes from the corresponding period of 2013, which recorded a lower than average production volume..
  • Glencore Xstrata appoints permanent Chairman

    2014-05-12
    Glencore Xstrata Plc has appointed Tony Hayward to serve as permanent Chairman of the company, effective immediately.

    Hayward had been serving as interim Chairman of the company since May 2013. Prior to this, he served from Glencore's Initial Public Offering as a Senior Independent Director.

    <..
  • Discovery Metals provides Boseto mine production update

    2014-05-12
    Discovery Metals Limited reports a record high in copper production from it Boseto mine, in Botswana, for April 2014. 

    Copper production for April 2014 amounted to 2 011 tonnes, 40% higher than the average monthly copper production for Q3 2014. C1 cash costs were reduced by 27% from the monthly average recorded in Q3 2014, ..
  • Bushveld Minerals completes flotation test work

    2014-05-09
    Bushveld Minerals Limited has released an update regarding the testing of the beneficiation of phosphate mineralisation at its P-Q zone deposit in South Africa.

    The company has completed floatation test work on the P-Q zone deposit following the p..
  • Gemfields achieves record revenues from February auction

    2014-05-08
    Gemfields Plc has released its operational update for the quarter period ended 31 March 2014.


    The companys 75% owned subsidiary in Zambia, Kagem Mining Limited, reported a production total of 3.6 million carats of emerald and beryl, a decrease of 44.6% from the 6.5 million carats reported during the..
  • Jubilee Platinum successfully commissions 3rd ARC furnace

    2014-05-08
    Jubilee Platinum Plc has concluded the commissioning of its third ARC furnace at its Middelburg smelter operations in South Africa, which is now fully operational.


    The company reached its targeted design ferroalloy..
  • Harmony Gold reports solid results

    2014-05-06

    Harmony Gold Mining Company Limited has released a production update for the quarter ended 31 March 2014.


    The company reports a 5% increase in the underground recovered grade to 5.10g/t ..

  • Oando extends Nigerian acquisition completion date

    2014-05-06
    Oando Plcs subsidiary Oando Energy Resources Incorporated has extended the completion date for the proposed acquisition of the Nigerian upstream oil and gas business from ConocoPhillips to 30 June 2014.


    The extension will allow both Oando Energy Resources and ConocoPhillips enough time to satisfy al..
  • Bassari Resources completes Makabingui Scoping Study

    2014-05-05
    Bassari Resources has released its activities report for its gold projects located in Senegal, for the quarter ended 31 March 2014.


    The completed Scoping Study for the Makabingui gold project, at a price of $1 200/gold ounce, demonstrates robust economics. The study has identified a conventional open..
  • Syrah Resources prepares Balama for development

    2014-05-05
    Syrah Resources Limited has released its quarter activities report for the period ended 31 March 2014. 

    The company signed a Memorandum of Understanding for an Offtake Agreement signed with China Aluminum International Engineering Corporation Limited. The agreement is for between 80 000 and 100 000 tonnes of granite per ann..
  • Oklo Resources discovers new gold zones in Mali

    2014-05-05
    Oklo Resources Limited released its quarterly activities report for the period ended 31 March 2014.


    Drilling on the Disse and Diabarou prospects of the companys Dandoko project, in Mali, was reported to be a succe..
  • Coal of Africa releases an operational report for the quarter

    2014-05-02
    Coal of Africa Limited released an operational update for the quarter ended 31 March 2014. 

    The company continued to focus on safety during the quarter, with only one lost time injury reported. The Department of Mineral Resources, in South Africa&l..
  • Firestone Energys quarterly activities report

    2014-05-02
    Firestone Energy Limited released its quarterly activities report from its Waterberg Coal project, in South Africa, for the three month period ended 31 March 2014.  

    During the period under review, Eskom had a meeting with the Waterberg Coal project ..
  • Jacka Resources releases its quarterly activities report

    2014-05-02
    Jacka Resources Limited has released an activities report for the three month period ended 31 March 2014.

    During the period the company initiated a review of funding options and in April 2014, announced a $3.9 million capital raising plan. The company also began restructuring the Board of Directors during the period under review.<..
  • Aquarius Platinums revenue increase in Q3

    2014-04-30
    Aquarius Platinum Limited released its financial and production results for the third quarter ended 31 March 2014.

    The company reports a 13% increase in revenue, from $54 million in Q2 2014 to $60 million, which was in line with higher prices. There was a 3 fold increase in mine EBITDA to $11 million and no change in the companys g..
  • Sula Iron and Gold identifies several new gold targets

    2014-04-30
    Sula Iron and Gold Plc conducted a geochemical sampling programme and geophysical survey at its Ferensola project in Sierra Leone. 

    The survey covered a 15 km area using a 100 metre line spacing, which identified several cross cutting and intersecting structures.  As part of the screening process, the company anal..
  • Blackthorn Resources provides quarter report for 2014

    2014-04-29
    Blackthorn Resources Limited released its Q3 activities report for the period ended March 2014.

    The company conducted a Prefeasibility Study Optimisation programme at its wholly owned Kitumba project in Zambia, results of which are expected to be ..
  • Gryphon Minerals provides an update from its Banfora project

    2014-04-29
    Gryphon Minerals Limited released its quarterly activities report for the period ended 31 March 2014.

    The company completed an Optimisation Study at its Banfora gold project in
  • Argosy Minerals Directors resign

    2014-04-29
    Argosy Minerals Limited has announced the resignations of Kevin Nichol, Danie van den Bergh and Philip Thick from their positions as Directors of the company, with immediate effect.

    The three new vacancies will be filled by Peter Lloyd, Graham Walker and Frank Knezovic. All appointments are with immediate effect.
  • Sibanye Gold reports an 11% increase in gold production

    2014-04-29
    Sibanye Gold Limited has released an operations update for the quarter ended 31 March 2014.


    Gold production for the period was 11% higher than the total reported for the same period of 2013, amounting to 10 338kg.


  • Anglo American provides quarterly update

    2014-04-25
    Anglo American Plc has released its final interim management statement for Q1 2014.

    Anglo Americans 69.7% owned subsidiary, Kumba Iron Ore Limited, reported a 10% increase in
  • Takoradi releases activity update

    2014-04-25
    Takoradi Limited has released its quarterly activities update for the period ended 31 March 2014. 

    During the period, the company continued to consider the possibility of a joint venture for its Kutukrom gold project in
  • Swala Energy and Tullow Kenya commence 2D seismic acquisition programme

    2014-04-25
    Swala Energy Limited and its Joint Venture partner, Tullow Kenya BV, have commenced with the 2D seismic acquisition programme at the Block 12B license area in Kenya.


    The programme, to be carried by BGP International, is designed to identify the main structural lineation in the basins. The Joint Ventu..
  • Anglo American Platinum reports continued losses due to strike action

    2014-04-24
    Anglo American Platinum Limited has released its production report for Q1 2014.


    The companys Rustenburg, Amandelbult and Union mines, in South Africa, continue to be severely impacted by the ongoing industrial act..
  • African Barrick Gold approves the next step in Bulyanhulu optimisation

    2014-04-24
    African Barrick Gold Plc has approved the acceleration of mining at the Bulyanhulu Upper East Zone, in Tanzania, as the next step in the production optimisation.

    After the optimization, the company expects to generate an average of 60 000 ounces p..
  • Petra Diamonds reports 15% increase in production

    2014-04-23
    Petra Diamonds Limited has released its production and sales results for the three month period ended 31 March 2014. 


    Diamond production increased by 15%, from 647 248 carats in the previous corresponding period of 2013 to 743 424 carats for the period under review. 
    <..
  • Sable Mining releases JORC Resources Estimate update

    2014-04-23
    Sable Mining Africa Limited has released its JORC Resource update from its Nimba iron ore project in Guinea.

    The Resource Estimate update follows from expansion exploration drilling carried out on Plateau 3 of the project.  
  • Gemfields secures a $15 million working capital facility

    2014-04-23
    Gemfields Plc has secured a $15 million unsecured working capital facility from its key shareholder, Pallinghurst Resources Limited.

    The facility, available in two tranches, represents the best alternative for the company in terms of overall cost and flexibility. The first tranche is for an amount of $10 million, to be drawn between..
  • Shanta Gold exceeds FY13 production guidance

    2014-04-23
    Shanta Gold Limited released its final results for the year ended 31 December 2013.

    Gold production from the companys New Luika gold mine, in Tanzania, surpassed ..
  • Merafe Resources reports an increase in ferrochrome production

    2014-04-23
    Merafe Resources has released its production report for the quarter ended 31 March 2014.

    The company reports a 28% period-on-period increase in its attributable ferrochrome production total from its Glencore-Merafe Chrome Venture in South Africa. ..
  • Oando Energy Resources pays deposit for acquisition

    2014-04-23
    Oando Energy Resources Incorporated has paid the $25 million deposit for the extension of the outside completion date for its Nigerian acquisition.

    Oando Energy Resources, a subsidiary of Oando Plc, is set to acquire a Nigerian upstream oil and gas business from ConocoPhillips Company. 

  • DRDGold appoints a new Director

    2014-04-23
    DRDGold Limited has announced the appointment of Johan Holtzhausen as the Independent Non-Executive Director, effective from 25 April 2014.

    Holtzhausen is a qualified Chartered Accountant with a Bachelor of Science degree and an honours degree in accounting science. Holtzhausen has over 42 years of knowledge and experience in the ac..
  • South Boulder Mines begins test work at Colluli

    2014-04-22
    South Boulder Mines Limited has commenced key metallurgical test work at its Colluli potash project in Eritrea.


    The test programme is part of the revised strategy to further develop the project, with the aim of decreasing costs and optimising economics by processing all three types of salt that make ..
  • Lachlan Reynolds to serve as MD of Namibian Copper

    2014-04-22
    Namibian Copper NL has announced the appointment of Lachlan Reynolds to the role of Managing Director of the company, with effect from 1 May 2014.

    Reynolds is a geologist with more than 20 years experience in mineral exploration, development projects and mining operations. He served as the Managing Director of Energy Ventures Limite..
  • Middle Island Resources reduces costs by an additional 43%

    2014-04-22
    Middle Island Resources Limited has released its quarterly report for the period ended 31 March 2014.

    The company continues to focus on cash preservation and achieved a further 43% reduction in costs during the quarter. As at 31 March 2014, the company reports a cash position of AUD2.04 million with no debt and its capital structure..
  • Argentina Mining aim to raise $1.18 million

    2014-04-22
    Argentina Mining Limited has announced a capital raising endevour to raise approximately $1.18 million.

    The capital raising will comprise of a placement to institutional and sophisticated investors amounting to an estimated $160 500, before costs, and a non-renounceable rights issue to raise approximately $1 025 192, before costs.&l..
  • Tawana Resources releases quarterly report

    2014-04-22
    Tawana Resources NL has released an activities report for the quarter ended 31 March 2014.

    The Scoping Study being conducted at the Mofe Creek iron ore project located in Liberia, is well advanced and expected for completion in July 2014. The studys aim is to consider a potential low capital cost, an early start-up operational scen..
  • Stillwater Minings Vice President resigns

    2014-04-17
    Stillwater Mining Companys Vice President, Kevin Shiell, has resigned from the company to pursue other interests, effective immediately. 


    Shiell joined the company in 1999 and was promoted to the General Manager position in 2006 where he was responsible for the East Boulder Mine. Shiell was..
  • Tanzanian Royalty update on development activities

    2014-04-17
    Tanzanian Royalty Exploration Corporation released an update regarding re-development activities at its gold mine project located in Tanzania


    The companys project will be undertaken in two phases, the f..
  • Goliath Gold Mining receives summons

    2014-04-16
    Goliath Gold Mining Limited has advised shareholders that it has received a summons from Covenant Mining and Finance (SA) Proprietary Limited and White Water Gold Proprietary Limited.


    The legal proceedings followed a series of events surrounding the sale of the Wit Nigel prospecting right. In August ..
  • Royal Bafokeng Platinum successfully completes Rights Offer

    2014-04-16
    Royal Bafokeng Platinum has advised shareholders of the successful completion of the Rights Offer originally announced in March 2014.


    The company aimed to raise approximately R1.5 billion for the Styldrift I project, in South Africa. An amount of R700 million was successfully raised through an accele..
  • West African Resources upgrades Inferred and Indicated Resource estimates

    2014-04-15
    West African Resources Limited released an updated Independent Resource Estimate from the recent drilling conducted at the Mankarga 5 deposit in Burkina Faso.


    At a cut-off grade of 0.5g/t, the Indicated Resource increased by 12% to an estimated 10.8 million tonnes grading 1.3 g/t gold containing 437 ..
  • Cape Lambert Resources receives loan repayment

    2014-04-15
    Cape Lambert Resources Limited has advised shareholders that FE Limited has settled the amounts of two Loan Agreements owing to the company.


    FE Limited entered into a Loan Agreement with Cape Lambert Resources for AUD2 000 000 at a cash rate plus 3% interest rate in June 2011. The second Loan Agreeme..
  • Tawana Resources completes placement

    2014-04-15
    Tawana Resources Nl has successfully completed a Placement of 200 million ordinary shares at a price of $0.025 per share to institutional and professional investors.

    The Placement raised $5 million, before costs, which will be put toward the Pre-Feasibility Study and accompanying engineering/design and resource upgrades for the Mofe..
  • Tiger Resources contractor invests in the company

    2014-04-15
    Tiger Resources Limited has formed an alliance with mining contractor, MCK Trucks sprl.


    MCK Trucks has been a mining contractor at the companys Kipoi copper project located in the Democratic Republic of Congo for..
  • Amara Mining announces results of Open Offer

    2014-04-14
    In March 2014, Amara Mining Plc announced a Placement to raise 18.2 million through the issue of 107 058 823 new ordinary shares and an Open Offer to raise up to 4.2 million through the issue of up to 24 468 439 new ordinary shares, both at an issue price of 17.0 pence per share.

    1 705 050 Open Offer shares were accepted by qualif..
  • Baobab Resources completes pyrometallurgical testwork

    2014-04-14
    Baobab Resources Plc released the results of the second round of pyrometallurgical testwork conducted at the Tete project in Mozambique. 

    The company reports that the completed second round of bench-scale beneficiation, reduction and smelting tests of oxidised iron ore confirmed the potential of a low impurity pig iron prod..
  • Gold Fields releases Q1 2014 production update

    2014-04-14
    Gold Fields Limited has released a brief update regarding its production results for Q1 2014.

    The company reports attributable group production amounted to an estimated 557 000 gold equivalent ounces for Q1 2014.

    All-in sustaining costs are expected to be $1 095/ounce while all-..
  • Premier African Minerals enters option agreement for 30% stake in Danakil

    2014-04-14
    Premier African Minerals Limited entered into an option agreement with AgriMinco Corporation in March 2014, whereby the company had the option to purchase a 30% interest in the Danakil potash project in Ethiopia.

    The TSX-V has proved the proposed transaction subject to AgriMinco receiving shareholder approval at a special meeting to..
  • Birimian Gold identifies new gold prospects

    2014-04-11
    Birimian Gold Limited received analytical results from the exploration programme which was conducted at the Basawa Gold project in Liberia

    The results, from the auger sampling conducted at the Before Camp and Newtown Prospects, yielded..
  • Sula Iron and Gold commences with drilling

    2014-04-11
    Sula Iron and Gold Plc has commenced with a drilling programme to further define the Direct Shipping Ore (DSO) iron Mineral Resource Estimate at its Ferensola iron project located in Sierra Leone.

    The drilling programme is targeting DSO mineralisation contained in a 3.1km banded iron formation. A nine hole 2 000 metre drill programm..
  • African Consolidated Resources appoints an Acting CEO

    2014-04-09
    African Consolidated Resources Plc has announced the appointment of Roy Pitchford as the companys new Acting Chief Executive Officer, effective immediately.

    Pitchford has over 20 years experience in senior management and executive positions within the African mining industry. He has served as Chief Executive Officer for African Min..
  • Ncondezi Energy reports progress on 300MW power plant project

    2014-04-09
    Ncondezi Energy Limited released an update regarding the progress made on the 300 Megawatt power plant project in Tete, Mozambique. 

    The company submitted a draft Power Purchase Agreement to Electricidade de Mozambique as well as an application to the Mozambican Department of Energy for a power concession. Both are anticipa..
  • Sierra Rutile reports strong operational performance

    2014-04-09
    Sierra Rutile Limited has released its Q1 2014 operational update.

    The company reports a 12% increase in rutile production, from Q1 2013, to total 28.218 tonnes. Ilmenite production increased by 23% from Q1 2013 to amount to 6.868 tonnes.

    During the period the company continued ..
  • DRDGOLD updates on the Fine Grind and Flotation Circuit commissioning

    2014-04-09
    DRDGOLD Limited has released an update regarding the commissioning of the fine grind and flotation circuit at the companys Ergo operations in South Africa.  

    The circuit involves the introduction of a floatation circuit, a set of fine gr..
  • Universal Coal commences with first coal sale

    2014-04-08
    Universal Coal Plc has delivered the first thermal coal sale from the Kangala mine in the Witbank coalfield, South Africa.

    The company reports that the Run-Of-Mine coal, which was mined in February from Kangala, has been processed prior to being t..
  • Tiger Resources increases Mineral Resource

    2014-04-08
    Tiger Resources Limited has increased the Mineral Resource at Kipoi Central, which is the principal deposit of the companys 60% owned Kipoi Copper project located in the Democratic Republic of Congo.

    The Mineral Resource was increased by 7.5%, f..
  • African Minerals announces FY13 results

    2014-04-04
    African Minerals Limited has released its unaudited results for the full year ended 31 December 2013.

    During 2013 the company completed the fastest major mine development which resulted in its Tonkolili iron ore mine, in Sierra Leone, being ramped up to 20 million tonnes per annum across a 200km rail and port infrastructure network...
  • IMX Resources announces changes to the Board

    2014-04-03
    IMX Resources has announced the appointment of Gary Sutherland as the new Managing Director with immediate effect. 

    Sutherland has extensive experience in the iron ore field and will be involved in the development of the companys iron ore growth strategy as well as the portfolio of development and exploration projects. He ..
  • Lonmin announces Directorate change

    2014-04-02
    Lonmin Plc has announced the intention of its Chairman, Roger Phillimore, to retire from the Board of Directors.

    The effective date of Phillimores retirement is 30 April 2014, following which Brian Beamish, current Independent Non-Executive Director, will assume the position of Interim Chairman. 
    <..
  • Sibanye Gold releases provisional consolidated results

    2014-04-02
    Sibanye Gold Limited has published its reviewed condensed, consolidated provisional financial statements for the year ended 31 December 2013.

    Operating profit increased by 28% from R5 730 million in 2012 to R7 358 million in 2013. Gold production was also reported to have increased by 17% to 44 474 kg. 
  • Strategic Natural Resources releases an update on funding discussions

    2014-04-02
    Strategic Natural Resources Plc announced that discussions with a potential strategic investor are still ongoing, subsequent to the announcement on 5 March 2014. 


    There is no guarantee that the talks will yield positive results for the company, however the Directors of the company remain hop..
  • DiamondCorp places new shares to raise 2.1 million

    2014-04-02
    DiamondCorp Plc has placed 41 526 000 new ordinary shares of 0.1 pence each in order to raise approximately 2.1 million. 


    The placing of the shares was undertaken with a range of new and existing institutional and private investors in South Africa and the UK. The placement comprises of 5 00..
  • Pan African Resources approves Evander Tailings Retreatment project

    2014-04-01
    Pan African Resources Plcs Board of Directors has approved the commencement of construction of the Evander Tailings Retreatment project in South Africa

    The project comprises a total Mineral Resource of 597 koz, with 57.8 million tonnes..
  • Equatorial Resources receives mining license

    2014-04-01
    Equatorial Resources Limited has been awarded a mining license for the Mayoko-Moussondji iron project located in the Republic of Congo.

    The license was awarded by the government of the Republic of Congo and is a major milestone for the company as it provides it with an exclusive 25 year right to develop and mine the project.
  • Regency Mines reports a significant increase in revenue

    2014-03-31
    Regency Mines has releases its interim results for the six month period ended 31 December 2013.

    The company reports revenue to have increased substantially from 187 266 in the corresponding period of 2012 to 1 037 693 for the period under review. The company further reports having reduced its loss after tax from continuing operati..
  • Baobab Resources Measured Resource Estimate underpins a minimum of 20 years of operation

    2014-03-31
    Baobab Resources Plc released a summary of the measured resource estimate of the Tenge resource block at the companys 85% owned Tete pig iron and ferro-vanadium project, in Mozambique. 

    International geology and mining specialist, SRK Consulting (South Africa), concluded a review and reclassification of the Tenge resource ..
  • Centamins takeover offer for Ampella Mining closes

    2014-03-31
    Centamin West Africa Holdings Limited has announced that its takeover offer for the entire issued share capital of Ampella Mining Limited closed on 24 March 2014.

    Centamin West Africa now holds a greater than 90% stake in Ampella Mining and as such intends to acquire the remaining shares through the compulsory acquisition provision ..
  • Kasbah Resources receives ESIA approval

    2014-03-31
    Kasbah Resources Limiteds Environmental and Social Impact Assessment for its Achmmach tin project located in Morocco has been approved.

    The approval granted by the National Committee for Environmental Impact Studies represents a major development milestone for the companys project. Kasbah Resources can now finalise its monitoring ..
  • Coal of Africa receives approval for Opgoedenhoop disposal

    2014-03-28
    Coal Of Africa Limited has received approval from the Department of Mineral Resources to dispose of the Opgoedenhoop mineral right.

    The company has received a deposit of R5 million for the mining right, which will be sold for R20.4 million. The balance of the consideration is payable within 12 months.
  • Randgold & Exploration reports a strong financial position

    2014-03-26
    Randgold & Exploration Company Limited released its abridged consolidated financial statements for the year ended 31 December 2013.

    Income for the period resulted, mainly, from settlements and recoveries of R22 million, profit on sale of prospecting rights of R1 million and interest earned on cash investments of R11.4 millio..
  • Redstone Capital exercises rights under Central Rand Gold Option Agreement

    2014-03-26
    Central Rand Gold Limited has received confirmation from Redstone Capital Limited regarding the proposed share option take up.

    Redstone Capital agreed to take up the companys rights under the Option Agreement and will be subscribing for 23 991 300 ordinary shares at a price of 8.78 pence per Ordinary Share. The subscription is for ..
  • Anglo American Platinum signs Wage Agreement

    2014-03-26
    Anglo American Platinum Limited has announced that the National Union of Metalworkers South Africa (NUMSA) has accepted its wage offer and signed a Wage Agreement. 

    The agreement, which is for the period 1 July 2013 to 30 June 2015, stipulates wages and other conditions of employment for operational employees. <..
  • Wesizwe Platinum releases results

    2014-03-26
    Wesizwe Platinum Limited has released its group financial statements for the full year period ended 31 December 2013.

    The group reports that 469 590 shifts were worked without any fatalities at the Bakubung platinum mine in South Africa. The main ..
  • Papillon Resources commences with the DFS

    2014-03-25
    Papillon Resources Limited has commenced with the Definitive Feasibility Study for the Fekola gold project in Mali.

    The Definitive Feasibility Study, which is scheduled for completion during H2 of 2014, follows the successful completion of the Pre..
  • Syrah Resources upgrades Balama East resource

    2014-03-25
    Syrah Resources Limited has been infill drilling at the Mepiche zone at its Balama East operations, in Mozambique, with the aim of upgrading the resource.

    As a result of the drilling programme, the Mepiche zone now contains a Measured, Indicated and Inferred Resource of 214.3 million tonnes at a grade of 16.0% total graphitic carbon..
  • Golden Rim Resources secures ownership of the Balogo project

    2014-03-25
    Golden Rim Resources Limited has made final payment to secure the entire Balogo project located in Burkina Faso.

    The company is currently conducting a Feasibility Study on the project for the development of a gold mine on the high grade Netiana L..
  • Peak Resources delivers robust Preliminary Feasibility Study results

    2014-03-24
    Peak Resources Limited released the Preliminary Feasibility Study results for its 100 % owned Ngualla rare earth project located in Tanzania

    The Preliminary Feasibility Study confirmed that the Ngualla project is economically robust, wi..
  • Premier African Minerals enters into an Option Agreement

    2014-03-24
    Premier African Minerals Limited has signed an Option Agreement with TSX-V listed AgriMinco Corporation whereby it will have the option to acquire 30% of AgriMincos Danakil potash project in Ethiopia.

    The Agreement is exercisable at Premier African Minerals discretion but is subject to approval by the TSX Venture Exchange.
  • Drake Resources releases gold assay results

    2014-03-24
    Drake Resources Limited has released the rock chip sampling results from its recently granted area within the Seimana project in Guinea. 

    The results yielded gold assays of quartz veining in the vicinity of artisanal working, which include 70.8 g/t gold, 29.4 g/t gold, 17.8 g/t gold, 15.1 g/t gold and 13.1 g/t gold. The hig..
  • Bauba Platinum acquires chrome assets

    2014-03-24
    Bauba Platinum Limited has entered into an Assets for Shares Agreement with various vendors for the acquisition of a 60% interest in the prospecting rights over the Moeijelik 412 KS and Waterkop 113 KT farms, in South Africa.


  • Forbes & Manhattan Coal enters Settlement Agreement

    2014-03-19
    Forbes & Manhattan Coal Corporation has reached a Settlement Agreement with Riversdale Mining Limited regarding the companys proposal to acquire 100% of Riversdale Minings share capital.


    The companys claim against Riversdale Mining is for the R45.5 million deposit currently being held in e..
  • Gem Diamonds delivers strong operational performance

    2014-03-19
    Gem Diamonds Limited has released its full year results for the period ended 31 December 2013.

    The company reports having successfully reduced the diamond damage at its Letsěng mine in Lesotho. 95 053 carats were recovered from the mine, generating an average of $2 043/carat. The mine treated 6.2 million tonnes and removed ..
  • Aureus Mining completes New Liberty ball mill foundations

    2014-03-19
    Aureus Mining Incorporated announced the completion of the ball mill foundations of the New Liberty gold projects processing plant, in Liberia.

    The completion of the ball mill foundations is a key milestone in the projects construction schedule..
  • Steller Diamonds reports excellent bulk sampling results

    2014-03-19
    Stellar Diamonds Plc reports that high grade, exceptional quality diamonds continue to be discovered at its 1.1 million carat resource Tongo kimberlite dyke project in Sierra Leone.

    The bulk sampling programme, which has delivered 2 150 tonnes of material to the sample stockpile, is part of the Definitive Feasibility Study which is ..
  • Ferrum Crescent reports net loss after tax

    2014-03-18
    Ferrum Crescent Limited released its interim results for the six months period ended 31 December 2013. 

    The company reports its group assets of AUD 1 612 202 incurred a net loss of AUD 1 687 725. Cash in operations was $486 088, compared to $2 277 707 recorded in the previous corresponding period, and the company reported a..
  • Amara Mining releases PEA results for its Yaoure gold project

    2014-03-18
    Amara Mining Plc announced the results of its Preliminary Economic Assessment for the companys 100% owned Yaoure gold project in Cte d'Ivoire. 

    The Preliminary Economic Assessment results indicate that Yaoure is a compelling gold development project. The results demonstrated an internal rate of return of 32% and a po..
  • Hummingbird Resources reports an increase in its Tuzon deposit grade

    2014-03-17
    Hummingbird Resources Plc reports that the Indicated Resource estimate from its Tuzon deposit, in Liberia, increased to 42Mt at 1.5 g/t of gold for 2.0Moz within a $1 500/ounces gold constrained pit.

    The company reports its total resource inventory to have increased to 4.2 Moz and a significant increase in the Indicated Resource gra..
  • Birimian Gold announces commencement of aircore drilling

    2014-03-17
    Birimian Gold Limiteds aircore drilling programme has commenced at its Massigui project in Mali.

    The aircore drilling aims to evaluate the high gold potential prospects identified during the companys aggressive, multifaceted exploration programme. Three drilling rigs have been mobilised to the project with the company expecting th..
  • Merafe Resources reports a 38% increase in revenue

    2014-03-14
    Merafe Resources Limited has released its financial results for the full year period ended 31 December 2013. 

    The group reports production tonnes to have increased by 32% to 319 000 tonnes for the period, while revenue increased by 38% to R3.5 billion. The increase in revenue is attributable to the increase in ferrochrome s..
  • Jubilee Platinum terminates Implementation Deed Agreement

    2014-03-14
    Jubilee Platinum Plc has terminated the Implementation Deed which proposed the acquisition of 100% of the ordinary shares in Platinum Australia Limited.

    Both parties concluded that the agreement no longer offers optimal value for Jubilee Platinums shareholders, given current market conditions. They did, however, agree to continue d..
  • Wesizwe Platinums optimisation study approved

    2014-03-14
    Wesizwe Platinum Limiteds Bakubung platinum mine has received approval from the Board regarding the implementation of its optimisation study.

    The company saw an opportunity to undertake the optimisation study without negatively affecting the development of the mine, given that the mine development is currently in its shaft sinking ..
  • West African Resources reports high grade drilling results

    2014-03-13
    West African Resources Limited released the results of the reverse circulation and diamond drilling programme conducted at its Mankarga 5 deposit part of the Boulsa project, in Burkina Faso.

    Significant results include 28 metres at 1.87 g/t gold ..
  • African Consolidated Resources declares an ore Reserve Estimate

    2014-03-13
    African Consolidated Resources Plc has confirmed an ore Reserve Estimate of 16.6 million tonnes grading at 1.9g/t for 1.02 million ounces at its flagship Pickstone Peerless gold project in Zimbabwe.

    The ore Reserve Estimate, based on a gold price ..
  • Sula Iron and Gold issues warrants

    2014-03-12
    Sula Iron and Gold Plc has issued warrants subscribing to a total of 6 500 000 ordinary shares of 1 pence each to key staff members as part of the companys incentive and retention strategy.

    Andrew Dacey, the companys Non-Executive Technical Director, has been granted 2 500 000 of the warrants.

  • Goldplat releases interim results

    2014-03-12
    Goldplat Plc has released its interim results for the six month period ended 31 December 2013.

    The company reports having spent the period focusing on the restructuring of Goldplats gold recovery and mining business in Africa with the aim of making it more profitable in the changing economic environment.
  • Themba Mkhwanazi to serve as CEO of Anglo Americans coal business

    2014-03-11
    Anglo American Plc has appointed Themba Mkhwanazi as Chief Executive Officer of its coal business in South Africa, which will come into effect during Q2 2014.


    The appointment of Mkhwanazi follows the decision of Go..
  • CCMA suspends facilitated negotiations between platinum producers and AMCU

    2014-03-11
    Lonmin Plc has announced the suspension of the facilitated negotiations relating to wage disputes and the strike action currently underway.


    The negotiations between Lonmin, Anglo American Platinum, Impala Platinum Holdings Limited and the Association of Mineworkers and Construction Union (AMCU) were ..
  • Boss Resources enters into a Joint Venture

    2014-03-11
    Boss Resources Limited has entered into a binding Heads of Agreement with Gryphon Minerals Limited to establish a Joint Venture.

    The Joint Venture will be in relation to the companys Golden Hill, Gourma and Tenkodogo gold projects located in Burkina Faso&..
  • Kibaran Resources commences resource upgrade drilling

    2014-03-11
    Kibaran Resources Limited has announced that the resource upgrade drilling programme at its Epanko deposit, in Tanzania, has begun.

    The programme aims to upgrade the existing JORC Inferred Mineral Resource, of 14.9Mt at 10.5% total graphitic carbo..
  • Radcliffe Resources places shares

    2014-03-10
    Radcliffe Resources Limited has successfully raised AUD170 000, before costs, through the placement of 11 333 338 shares at a price of 1.5 cents per share.

    Proceeds from the placement will be put toward the further development of the Mbesi copper project in Tanzania.

    Radcliffe R..
  • Gryphon Minerals update on exploration pipeline

    2014-03-10
    Gryphon Minerals Limited has released an update on its exploration activities in Burkina Faso and Mauritania.

    The Banfora gold project, in Burkina Faso, yield..
  • African Rainbow Minerals releases interim results

    2014-03-10
    African Rainbow Minerals Limited has released its interim results for the six month period ended 31 December 2013.

    The company reports Headline Earnings to have increased by 66%, from R1.41 billion for the corresponding period of 2012 to R2.34 billion for this period. Accordingly, Headline Earnings per Share have increased from 654 ..
  • Giyani Gold subsidiary to acquire Birch Hill Gold

    2014-03-10
    Giyani Gold Limiteds 57.7% owned subsidiary, Canoe Mining Ventures Corporation, has entered into an agreement to acquire 100% of Birch Hill Gold Corporation.

    Executive Chairman of Giyani Gold, Duane Parnham, commented, Canoe is fulfilling its strategy of acquiring compliant gold resources in favourable geological environments that..
  • Tawana Resources discovers further mineralisation

    2014-03-10
    Tawana Resources NL has announced the discovery of additional friable itabirite iron mineralisation at the Koehnko prospect at its Mofe Creek iron ore project in Liberia.

    The Maiden Resource drilling programme has been completed and the Maiden Re..
  • West African Resources to acquire 100% Tanlouka permit

    2014-03-10
    West African Resources Limited has entered into an agreement to acquire the remaining 10% of the Tanlouka permit, part of the Boulsa project in Burkina Faso

    Following this transaction, West African Resources will own 100% of the permit..
  • Lucapa Diamonds applies for mining lease in Angola

    2014-03-10
    Lucapa Diamond Company Limited announced that it has submitted an application for an alluvial diamond mining lease over part of the Lulo Diamond Concession in Angola. 

    The companys decision to apply for the mining lease is supported by its Joint Venture partners and is a result of the high grades and diamonds values that w..
  • Gem Diamonds sells two exceptional diamonds

    2014-03-07
    Gem Diamonds Limited has sold two +160 carat diamonds, which were recovered from the Leteng mine in Lesotho, at the end of January. 

    The two diamonds, one being 162.02 carats and the other 161.31 carats, achieved top prices during the February tender. The 162.02 carat diamond sold for $68 687 per carat ($11.1 million in to..
  • Aura Energy secures AUD3.8 million funding

    2014-03-05
    Aura Energy Limited has completed a financing arrangement with the Australian Special Opportunity Fund and will receive up to AUD3.8 million over the next 24 months.

    The financing will provide the company with the necessary funds to complete the scoping study for its Reguibat project located in Mauritania. Completion of the scoping ..
  • Sable Mining Africa completes Preliminary Feasibility Study

    2014-03-05
    Sable Mining Africa Limited has completed the Preliminary Feasibility Study ('PFS') conducted on the Nimba Iron Ore project in Guinea.

    &..
  • Centamin acquires controlling interest in Ampella Mining

    2014-03-05
    Centamin Plc has announced that its off-market takeover offer to Ampella Mining Limited is free from all defeating conditions and is now unconditional.

    Centamin through its subsidiary, Centamin West Africa Holdings Limited, now holds 126 321 285 shares, or 51.14%, in Ampella Mining. As such, Centamin has requested that Paul Kitto, R..
  • Regency Mines converts bonds into ordinary shares

    2014-03-05
    Regency Mines Plc has converted 125 000 in unsecured convertible bonds 2014 into 39 976 973 ordinary shares of 0.1 pence each as requested by YA Global Master SPV Limited.

    The bonds will be converted under the convertible bond instrument, at a price of 0.0031268 per share. The company will, at the same time, convert 7,614 of inte..
  • Continental Coal releases operational update and financial report

    2014-03-05
    Continental Coal Limited released its operational and financial report for the half-year ended 31 December 2013.

    Revenue and other income from ordinary activities increased by 28% to AUD 39 900. 
    The company reported a Basic loss per share of 2.29 and a net loss of $16 698 000 after providing for incom..
  • Harmony Gold appoints a new COO

    2014-03-05
    Harmony Gold Mining Company Limited has announced the appointment of Alwyn Pretorius as the companys new Chief Operating Officer.

    Pretorius appointment follows the resignation of Tom Smith from his role of Chief Operating Officer to pursue other business interests.

    Pretorius b..
  • Royal Bafokeng Platinum releases results

    2014-03-05
    Royal Bafokeng Platinum Limited has released its unaudited results for the year ended 31 December 2013.

    The company reports its Serious Injury Frequency Rate to have decreased by 37% and Lost Time Injury Frequency Rate decreased by 9%. During the period the built-up platinum head grade improved by 8% from 4.07g/t to 4.38g/t.&nbs..
  • Firestone Diamonds appoints Chief Project Officer for Liqhobong

    2014-03-05
    Firestone Diamonds has appointed Glenn Black as the companys new Chief Project Officer for the Liqhobong diamond mine in Lesotho.

    Black has 40 years experience in the mining industry and 30 years experience in senior project management. He previously worked for De Beers Group where he was involved in nine of the largest and most co..
  • Regal Resources completes first diamond drill

    2014-03-04
    Regal Resources Limited has successfully completed the first diamond drill hole (DKAL_011T) of phase 1 drilling programme at the Kalongwe copper cobalt project located in Democratic Republic of Congo.

    The DKAL_011T is one of four drill holes which have been designed to confirm historic drill results. The company will combine the dri..
  • Oklo Resources commences geophysical survey

    2014-03-04
    Oklo Resources has announced the commencement of a geophysical survey programme conducted at its Dandoko gold project located in Mali.

    An Induced Polarisation survey programme will be undertaken on a series of line traverses across the Disse, Dlabarou, Selingouma and Gombaly targets for approximately two weeks. All these targets wer..
  • Kogi Iron announces Maiden Reserve at Agbaja

    2014-03-04

    Kogi Iron Limited has announced a maiden ore reserve of 205 million tonnes at 45.7% iron found at its 100% owned Agbaja iron ore project in Nigeria.


    The Maiden Reserve confirms the assumption of the Preliminary Feasibility Study that there is sufficient mineab..

  • Universal Coal commences production at Kangala

    2014-03-04
    Universal Coal Plc has announced that production at its Kangala coal mine in South Africa has begun.

    The company is on track to deliver its first coal production in March 2014 as per the 2Mtpa offtake agreement with Eskom. Surplus production will then enter the export markets through the 100ktpa offtake agreement with Exxaro Resourc..
  • Sentula Mining enters into a sale of agreement

    2014-03-03
    Sentula Mining Limited has entered into a Sale of Shares and Claims Agreement with Roan Coal Proprietary Limited for the disposal of Benicon Mining Proprietary Limited.

    Benicon Mining is a 74% owned subsidiary of Sentula Mining and holds the Bankfontein mining right.
    In terms of the Sale Agreement, the company ..
  • Centamin acquires Ampella Mining

    2014-02-26
    Centamin Plc, through its wholly owned subsidiary, Centamin West Africa Holdings Limited, has acquired the controlling interest in Ampella Mining Limited.

    Centamin West Africa holds 126 321 285 shares or 51.14% in Ampella Mining which allows the company the right to appoint a majority of the Directors to the Board of Ampella Mining ..
  • Ncondezi Energy initiates a binding bid process

    2014-02-26
    Ncondezi Energy Limited has initiated a tender process to appoint a mining contractor for the design, engineering, commissioning, operation and maintenance of the Ncondezi coal mine which is to be located in Mozambique.

    The tender process follows the completion and publication of the optimised mine feasibility study in December 2013..
  • Eskom reinstates Private Power Purchase Agreement with Jubilee Platinum

    2014-02-26
    Jubilee Platinum Plc has announced that the Private Power Purchase Agreement between South Africas national energy provider, Eskom, and the companys subsidiary, Power Alt (Pty) Ltd, has been reinstated. 

    The agreement was originally signed in December 2012 and has been reinstated due to the continued urgency for power sup..
  • Impala Platinum updates on the industrial action mediation

    2014-02-26
    Impala Platinum Holdings Limited has given an update on the industrial action and the outcome of the talks between the Platinum sector and the Association of Mineworkers and Construction Union (AMCU). 

    The parties have not managed to secure a resolution to the industry wage dispute which has continued for four weeks. The co..
  • SacOil enters into an Expression of Interest

    2014-02-26
    SacOil Holdings Limited has advised shareholders that it has entered into an Expression of Interest with The Instituto De Gesto Das Participaes Do Estado and Public Investment Corporation (SOC) Limited.


    The purpose of the Expression of Interest is to govern the preliminary discussions, and formali..
  • West African acquires heap leach plant

    2014-02-25

    West African Resources Limited has entered into an agreement to acquire a heap leach plant for the Mankarga 5 gold project in Burkina Faso.


  • Papillon Resources discovers new gold

    2014-02-25

    Papillon Resources Limited announced that the recently granted Menankoto Sud Exploration Permit yielded positive results from the first shallow drilling programme.


  • Birimian Gold commences drilling programme in Mali

    2014-02-25

    Birimian Gold Limited announced the commencement of the companys next exploration phase at the Massigui gold project in Southern Mali.

  • AngloGold Ashanti returns to production growth

    2014-02-21
    AngloGold Ashanti Limited released its financial report for the fourth quarter and year periods ended 31 December 2013. 

    The company reports production of 4 105 million ounces at a total cost of $830 ounces. This is the first annual increase in production for AngloGold in nine years. Q4 production increased 43% over Q4 of 2..
  • Tembo Gold commences with drill programme

    2014-02-20
    Tembo Gold Corporation announced the commencement of the 2014 in-fill and deep-drilling programmes, as well as the mobilization of the two diamond drilling rigs to its operations in South Africa.

    The company has designed and initiated the drill programme to further test previously drilled targets pursuant to the successful completio..
  • True Gold Mining receives financing of C$519 million

    2014-02-20
    True Gold Mining Incorporated has closed the Bought Deal Offering and Private Placement with Liberty Metals & Mining Holdings for total gross proceeds of C$519 million.

    The proceeds will be used for construction and development at the Karma Gold project located in Burkina Faso, as well as for the companys mineral projects a..
  • Diamcor Mining recovers a gem quality special diamond

    2014-02-20
    Diamcor Mining Incorporated has recovered a 43.9 carat gem quality special diamond from its Krone-Endora at Venetia project, in South Africa.

    The rough diamond has been delivered to tendering facilities for initial evaluation and preparation for sale at the upcoming tender. Diamcor Mining expects that it to be one of the higher va..
  • Petra Diamonds sells 29.62 carat blue diamond

    2014-02-20
    Petra Diamonds Limited has sold the 29.62 carat blue diamond recovered, in January 2014, from the Cullinan mine in South Africa.

    The diamond sold for $25 555 555, $862.780 per carat, following a highly competitive sales process.  The diamond was purchased for Cora International NY, through the South African company Golden Y..
  • Sula Iron & Gold issues equity

    2014-02-19
    Multi-commodity exploration company, Sula Iron & Gold Plc, has issued 250 000 new ordinary shares of 1 pence each.

    The issuing of shares follows the exercise of 250,000 warrants granted in October 2013. The company received valid notice of exercise and as well as funding of 7 500, which represents the exercise price of 3 pe..
  • DRDGold reports a decrease in revenue for Q2

    2014-02-19
    DRDGold Limited has released its financial report for the second quarter and six months period ended 31 December 2013. 

    For Q2, the company reports a 4% decline in throughput to 5 856 000 tonnes. Revenue decreased 7% to R450.6 million due both to a decline of 4% in gold sold to 35 043 ounce and of 3% in the average gold pri..
  • African Barrick Gold releases preliminary results

    2014-02-19

    African Barrick Gold Plc has released its preliminary results for the 12 month period ended 31 December 2013. 

  • Jubilee Platinum to convert loan notes into equity

    2014-02-19

    Jubilee Platinum Plc has received a notice of exercise by Darwin Strategic Limited to convert a further 450 000 of Darwin Strategics 1.85 million Convertible Loan Notes into equity.


    ..

  • West African Minerals places additional shares

    2014-02-19

    West African Minerals Corporation has placed an additional 34 843 206 new ordinary shares to raise approximately 2.44 million.


    The com..

  • Baobab Resources reports higher head grades

    2014-02-19

    Baobab Resources Plc has released the results of the initial drilling conducted at the Tete pig iron and ferro-vanadium operation in Mozambique.

  • Rio Tinto reports 10% increase in earnings

    2014-02-18
    Rio Tinto Plc has released its financial results for the year ended 31 December 2013.

    The company reports underlying earnings to have increased by 10% to $10.2 billion, while operating cash costs improved by $2.3 billion, exceeding the companys original target of $2.0 billion. Exploration and evaluations savings exceeded the compan..
  • Tlou Energy updates on Lesedi project

    2014-02-18
    Tlou Energy has released an update from its Lesedi Coal Bed Methane project located in Botswana.

    The company reports continuation of the dewatering process at the Lesedi and Selemo gas production pilot wells. Due to greater than anticipated water flows, the company plans to increase the pump lift capacity on the wells.<..
  • Base Resources maiden ilmenite shipment

    2014-02-18
    Base Resources Limited received an export permit for its maiden shipment of 25 000 tonnes of ilmenite, from the Kwale mineral sands project, in Kenya.

    The shipment was loaded on the bulk carrier MV African Eagle and left from the companys marine facility on 12 February 2014; headed for a customer in China. The ship loade..
  • Oklo Resources Dandoko gold project delivers strong results

    2014-02-18
    Oklo Resources Limited has announced the auger drilling programme results from its Dandoko gold project located in Mali.

    The company reports having drilled 1 000 metres of the planned 3 000 metres drilling during December 2013 and January 2014. Initial results have been received and have successfully defined two new gold targets: Se..
  • Mintails recommences with production following suspension

    2014-02-14
    Mintails Limited has released an updated report on the temporary suspension of mining activities at the Randfontein cluster operations in South Africa.

    Mintails suspended mining activities on 4 February 2014, following the receipt of formal notice..
  • Stellar Diamonds reports continued high diamond grades

    2014-02-14
    Stellar Diamonds Plc has announced that further high grade diamonds have been returned from the bulk sampling programme at its 1.1 million carat Tongo dyke kimberlite project in Sierra Leone. 

    The preliminary sample processing delivered 151 carats from 141 tonnes of kimberlite for a grade of 107 carats per hundred tonnes.&a..
  • Kumba Iron Ore receives mining right

    2014-02-14
    Kumba Iron Ore Limiteds subsidiary, Sishen Iron Ore Company (Proprietary) Limited, has been granted a mining right for the Rail Properties at the Sishen mine, in South Africa.

    Sishen Iron Ore originally applied for the right in October 2013.
  • Atlatsa Resources begins trading on the TSX

    2014-02-14
    Atlatsa Resources Corporation has moved its shares from trading on the TSX Venture Exchange to begin trading on the TSX main board.

    Atlatsa Resources shares will remain trading under the symbol ATL.

    Commenting on this, Chief Executive Officer of the company, Harold Motaung, c..
  • Xceed Resources acquired by Keaton Energy

    2014-02-14
    In February 2014, Keaton Energy Limited had made an offer to acquire the entire issued share capital of Xceed Resources Limited by way of a Scheme of Arrangement and a Specific Issue.

    The Specific Issue is of 32 647 838 new Keaton Energy ordinary shares to Plusbay Limited, a wholly-owned subsidiary of Gunvor Group Limited, at an iss..
  • Keaton Energy concludes financing facility

    2014-02-14
    Keaton Energy Holdings Limited concluded a R350 million financing facility with Investec Bank Limited.

    Investec has provided the company with a R300 million term loan and a R50 million working capital facility.

    R170 million of the term loan has been used to pay remaining balance..
  • West African Minerals share placement

    2014-02-12

    West African Minerals Corporation has issued 52 797 738 new ordinary shares at a placing price of 7 cents per share together with one warrant for every two Placing Shares.


  • GlencoreXstrata reports strong results for 2013

    2014-02-12
    GlencoreXstrata Plc has released a production statement for the full year period ended 31 December 2013.

    Copper production for the period had increased by 26% to 1.5 million tonnes. The key expansion projects at the Katanga and Mutanda operations, in the..
  • Stratex expands its portfolio in Liberia

    2014-02-12
    Stratex International Plc has signed a Purchase Agreement with Aforo Resources Liberia Limited for its Sinoe gold exploration license in Liberia.

    Aforo Resources Liberia is a wholly owned subsidiary of the private Australian company, Aforo Resources ..
  • Pan African Resources issues shares under share options

    2014-02-12
    Pan African Resources Plc has issued ordinary shares after share options, granted in 2008, were exercised under the companys share option plan.

    Accordingly, 282 500 shares at a price of R0.83 per share were issued, for a total consideration of R234 475.

    The company has applied ..
  • Aquarius Platinum reports a marginal decrease in revenue

    2014-02-12
    Aquarius Platinum Limited has released its financial results for the six months ended 31 December 2013.

    Aquarius Platinum reported a loss of $24 million for the period, despite continued improvement of operational performance at all operating mines. To..
  • Firestone Energy delivers feasibility study results to Eskom

    2014-02-11
    Firestone Energy Limited and its Waterberg Coal Joint Venture Partners have announced the completion of the feasibility study for an opencast mining operation, in South Africa, and delivered the results to Eskom.

    The study was to establish whether..
  • Hodges Resources to divest Ghana operations

    2014-02-11
    Hodges Resources Limited has entered into an exclusive sale agreement with an international private company to divest 100% of its Salmon South and Marne gold projects in Ghana

  • Harmony Gold to benefit from high Rand gold prices

    2014-02-11
    Harmony Gold Mining Company Limited reduced its general costs quarter on quarter and kept production stable at 305 913 ounces of gold.

    The All-in Sustaining Costs were also reduced from  R404 694/kg to R397 503/kg quarter on quarter and by 2..
  • Paladin Energy suspends Kayelekera mine

    2014-02-11
    Paladin Energy Limiteds subsidiary, Paladin (Africa) Limited, has announced its decision to suspend production at its Kayelekera mine in Malawi.

    The operation will be placed on care and maintenance until such time as the uranium price recovers. The..
  • Nyota Minerals quarterly report

    2014-02-11
    Nyota Minerals Limited has released its quarterly report for the three month period ended 31 December 2013. 

    During the period, Nyota Minerals completed the sale of 75% of its subsidiary, Nyota Minerals Ethiopia Limited, for a cash consid..
  • Rockwell Diamonds announces partnership with African Renaissance

    2014-02-10
    Rockwell Diamonds Incorporated announced that African Renaissance Holdings Limited has agreed to partner with the company as its Black Institutional Investor, acquiring a 30% stake. 

    African Renaissance will have equity stake of 30% in the Middle Orange operations. The two companies will become partners in Black Economic Em..
  • Atlatsa Resources completes group restructuring plan

    2014-02-10

    Atlatsa Resources Corporation has announced the completion of its group restructuring plan which was originally announced in March 2013.


    The final phase of the restructuring plan was completed on the 31st of January 2014 between

  • Hodges Resources lodges title for Morupule South coal project

    2014-02-07
    Hodges Resources Limited has lodged paper work with the relevant authority in Botswana for the transfer of the title from the joint venture partner to its newly incorporated entity.

    The new entity is called Morupule South Resources (Proprietary) Limited and the transfer of the project is expected to be completed during the next quar..
  • Sibanye Gold expects an increase in gold production

    2014-02-05
    Sibanye Gold Limited released its production update and trading statement for the quarter ended 31 December 2013.

    The company expects a 2% increase in gold production to 386 ounces and a decrease of between 6% and 9% decrease in average All-in costs.

    For the year ended 31 Decemb..
  • Resource Generation releases quarterly report

    2014-02-04

    Resource Generation Limited has released a production report for the three month period ended 31 December 2013.

  • Sable Platinum revises name change dates

    2014-02-04

    Sable Platinum Limited has revised the salient dates for its change of name.

    &..
  • Ferrum Crescent signs a letter of intent

    2014-02-04

    Ferrum Crescent Limited has entered into an agreement with Anvwar Asian Investment to progress the bankable feasibility study on the development of the Moonlight Iron Ore Project.

  • Canyon Resources releases quarterly report

    2014-02-04

    Canyon Resources Limited has released an activities report for the quarter ended 31 December 2013.

  • West African Resources releases quarterly report

    2014-02-04

    West African Resources Limited has given an update regarding its activities for the quarter ended 31 December 2013.

  • Universal Coal commences hot commissioning

    2014-02-04

    Universal Coal Plc has begun hot commissioning of the BC1/BC2 circuit at Kalanga Coal, in South Africa, following the successful completion of the cold commissioning in December 2013.

  • Shanta Gold reports Maiden Reserve of 215 000 ounces

    2014-02-03
    Shanta Gold Limited has announced a Maiden Reserve Estimate for its Singida gold mining project located in Tanzania.

    The company reports a proven insitu ore reserve of 1.39 million tonnes at 5.1 g/t for 230 000 ounces recovered gold. 

    Shanta Golds ore reserve is based ..
  • Base Resources status report on its Kwale project

    2014-01-31
    Base Resources Limited has released its quarterly progress report from its Kwale mineral sands project in Kenya.  

    Following the successful commissioning of the dry mining unit and wet concentrator in October 2013, the company has produced 42 472 tonnes of heavy mineral concentrate during the quarter ended 31 December 2013...
  • Continental Coal enters into a binding term sheet for $5 million

    2014-01-30
    Continental Coal Limited has entered into a binding term sheet with Empire Equity Limited for a $5 million limited recourse bridge facility.

    The funds will be put toward general operating expenses and for payments to creditors, which will allow the company to keep trading while it continues to seek a broader recapitalisation and res..
  • Gold One delists from the JSE and ASX

    2014-01-30
    Gold One International Limited has announced that its securities will no longer be trading on the Johannesburg Stock Exchange as well as the Australian Stock Exchange as of 30 January 2014.

    The delisting follows the acquisition of Gold One International by BCX Gold Investment Holdings Limited.

  • North River Resources enters into a drill-for-equity agreement

    2014-01-30
    North River Resources has entered into a drill-for-equity agreement with Wilhelm Shali, the owner of the drilling and mining contractor operating at the company's Namib lead-zinc project in Namibia.

    According to the agreement, Wilhelm Shali will be paid for drilling programmes in North River Resources shares as opposed to cash...
  • Gryphon Minerals receives permit for Banfora gold project

    2014-01-30
    Gryphon Minerals Limited has been granted the Environmental Permit for its Banfora gold project located in Burkina Faso.

    The permit was granted by the Burkina Faso Ministry of Environmental and Sustainable Development and marks the final stages of the mine permitting process for the company. The company is aiming to acquire a Mining..
  • Randgold Resources plans to expand flotation process

    2014-01-29
    Randgold Resources Limited expects its flotation expansion project to increase the gold recovery rate at the companys Tongon mine, in Cte dlvoire, to the level calculated in the feasibility study.

    The company has been in the process of implementing efficiency enhancement projects at the
  • Gem Diamonds releases a trading update

    2014-01-29
    Gem Diamonds Limited has released a trading update from its Leteng and Ghaghoo operations for the quarter ended 31 December 2013.

    The companys 70% owned Leteng diamond mine, in Lesotho, produced 27 227 carats during the period, an increase of 7% f..
  • Beacon Hill voluntarily delists from ASX

    2014-01-28
    ASX and AIM listed company, Beacon Hill Resources Plc, ceased trading on the Australian Securities Exchange at the end of business on 23 January 2014.

    The company applied to the ASX for the delisting of its securities in September 2013 and subsequently received approval to be removed from the ASX official list.
  • Lucapa Diamond Company recovers 95.45 carat diamond

    2014-01-28
    Lucapa Diamond Company Limited has recovered additional large, high value diamonds, including a 95.45 carat type 2A gem, from its Lulo diamond concession in Angola.

    To date, the company has recovered 66 diamonds weighing 206 carats from the BLK_19 alluvial bulk sample. 

  • Kogi Iron finalises processing plant design

    2014-01-28
    Kogi Iron Limited, through its 100% owned KCM Mining Limited, has announced the finalisation of the processing plant design for the Agbaja iron ore project located in Nigeria.

    The processing plant design features a moderate grinding intensity tha..
  • Mineral Commodities joins the ranks of the worlds mineral sand producers

    2014-01-28
    Mineral Commodities Limited has announced the first shipments of ultra high grade zircon-rutile from Tormin, a World-Class resource located in South Africa

    The company loaded its first sale for shipment to its off-take partner Wogen Pac..
  • Tawana Resources metallurgical results positive

    2014-01-28
    Tawana Resources NL released the metallurgical testwork results from the Mofe Creek project located in Liberia.

    The results confirm a 68% iron ore premium quality product at 58% to 68% mass recovery. At a +3.6 Specific Gravity, the final product ..
  • Anglo American Platinum reports loss in platinum production

    2014-01-27
    Anglo American Platinum Limited has released its trading statement for the period ended 31 December 2013 and an update regarding the current industrial action.

    Headline Earnings per Share (HEPS) is expected to increase to a profit of between 480 cents and 590 cents, while Earnings per Share (EPS) is expected to improve to a loss of ..
  • Sibanye Golds strike suspended pending labour court ruling

    2014-01-27
    Sibanye Gold Limited has advised that the strike called by the Association of Mineworkers and Construction Union (AMCU) has been suspended due to a pending court ruling.

    AMCU has been prohibited by the Labour Court from engaging in or promoting a strike. This is due to the judgment on the interdict application brought by the Chamber..
  • Gold Fields expects increase in gold-equivalent ounces

    2014-01-27
    Gold Fields Limited released a production update for the quarter and the year ended 31 December 2014.

    The company expects its group production for Q4 2013 to be 21% higher than that achieved in Q3, amounting to approximately 598 000 gold-equivalent ounces.

    For the full year 2013..
  • Platinum Belt CEOs release a joint statement

    2014-01-22
    Lonmin Plc CEO, Ben Magara, released a statement, on 21 January 2014, together with Terence Goodlace of Impala Platinum Holdings Limited and Chris Griffith of Anglo American Platinum Limited, regarding the intended strike action by AMCU members.

    The Association of Mineworkers and Construction Union (AMCU) distributed notices to majo..
  • Northam Platinum reaches settlement with NUM

    2014-01-22
    Northam Platinum Limited has advised that the National Union of Mineworkers (NUM) has accepted its final offer regarding annual wage increases and conditions of employment at the companys Zondereinde mine in South Africa.

    The two year wage agreement was signed on 21 January 2014 and employees are expected to return to work on 22 Ja..
  • Impala Platinum makes Executive Leadership changes

    2014-01-21
    Impala Platinum Holdings Limited has appointed Andile Sangqu as Group Executive: Sustainability and Risk in an effort to strengthen the companys Executive Leadership.

    Sangqu holds a B Compt Honors Degree, a Masters Degree in Business Leadership and he has completed an Executive Development Programme as well as an Advanced Manageme..
  • Forbes & Manhattan Coal updates on loan facility

    2014-01-21
    Forbes & Manhattan Coal Corp has given an update regarding the proposed $25 million financing to be provided by Resource Capital Fund V L.P.

    The financing will comprise of a bridge loan with a principal amount of $4 million, a convertible loan with a principal amount of up to $15 million and a refinancing of the existing $6 ..
  • AngloGold Ashanti receives strike notice

    2014-01-21
    AngloGold Ashanti Limited has received notice from the Association of Mineworkers and Construction Union (AMCU) regarding its intention to call a strike.

    The strike is scheduled to take place on 23 January 2014 at AngloGold Ashanti's operatio..
  • Metals of Africa expands African operations

    2014-01-21
    Metals of Africa Limited has advised shareholders that it has entered into an agreement to acquire five copper-gold projects in Tanzania.

    The company is acquiring the projects from Select Exploration Limited for a consideration of 5 000 000 fully ..
  • Azumah Resources provides operational update

    2014-01-21
    Azumah Resources Limited has released an operational update for the quarter ended 31 December 2013.

    The company is expecting the revised Feasibility Study, carried out on its Wa gold project in Ghana, to produce a material increase in the recorded..
  • Paladin Energy sells 25% stake in Langer Heinrich mine

    2014-01-21
    Paladin Energy Limited sold a 25% joint venture equity stake in its Langer Heinrich uranium mine located in Namibia.

    The Langer Heinrich operation has a current design capacity of 5.2 MIb of uranium concentrate per annum.
    &l..
  • West African Resources acquires Channel Resources

    2014-01-21
    West African Resources Limited has completed the 100% acquisition of Channel Resources Limited.

    The company announced, on 17 January 2014, that it had received conditional approval from the TSX Venture Exchange for the listing of ordinary shares and share purchase warrants, which was the final condition for the closing of the propos..
  • Golden Deeps discovers more high grade copper, lead and silver

    2014-01-20
    Golden Deeps Limited has identified additional high grade copper, lead, vanadium and silver at the companys Nosib Block in Namibia.

    The three commodities were identified through channel sampling and mapping and were accessed from the NO2 shaft.&..
  • Tawana Resources discovers new potential high-grade iron ore zones

    2014-01-16
    Tawana Resources NL has released the results of the ongoing resource evaluation drill programme currently underway at its 100% owned Mofe Creek iron ore project in Liberia.

    The results confirm a new high grade (+50%
  • Keaton Energy releases production update

    2014-01-16
    Keaton Energy Holdings Limited has released a quarterly production update for the three month period ended 31 December 2013.

    The company reports an improved safety performance from its Vanggatfontein operations with a Lost Time Injury Frequency Rate (LTIFR) of 0.09, while the safety performance at the companys Vaalkrantz operations..
  • Forbes Coal releases interim financial statements

    2014-01-16
    Forbes & Manhattan Coal Corporation has released its interim consolidated financial results for the three and nine months ended 30 November 2013.

    The company reports revenue to be $16 639 389 for the three months ended 30 November 2013, an increase of 53.62% from the amount recorded in the previous corresponding period. Reve..
  • Premier African Minerals' subsidiary completes Phase 1 drilling program

    2014-01-15
    Danakil Potash Corporation has completed Phase 1 of the exploration programme, which included a drilling programme at the Danakil potash license in Ethiopia.

    Premier African Minerals holds a 42% stake in AgriMinco Corporation, which is the joint venture partner of Danakil Potash Corporation.

  • Taruga Gold intercepts high-grade gold mineralisation

    2014-01-14

    Taruga Gold Limited reported an intercept of 7 metres at 4.3g/t gold from trench sampling carried out at its Nangalasso project in Mali.


    The comp..

  • Strategic Natural Resources extends loan facility

    2014-01-14
    Strategic Natural Resources Plc has entered into a Variation of Facility Agreement with Land Consultants Limited to extend the term of the short term loan facility.

    The loan facility has been extended from 31 December 2013 to 30 June 2014. In return, Strategic Natural Resources granted Land Consultants security over all of the asset..
  • Kibo Mining releases positive results

    2014-01-14
    Kibo Mining Plc has released positive drilling results from its Imweru gold project located in Tanzania.

    The phase 1 drilling program, which comprised 21 drill holes, was completed in late November 2013. The holes had a combined total o..
  • African Minerals achieves export production level

    2014-01-14
    African Minerals Limited has released a production update for  its Tonkolili iron ore mine in Sierra Leone for the 2013 calendar year.

    African Minerals set an export guidance of 11-13Mt for 2013 and has reported total iron ore exports of 12...
  • Apollo Consolidated releases trenching program update

    2014-01-14
    Apollo Consolidated Limiteds trenching program at Seguela gold project is approximately 60% complete and is progressing well.

    The company owns 51% of the project, which is located in Cte dIvoire. To date, 2 300 metres of trenches have been completed and samples from the first five trenches are being processed at the assay laborat..
  • Sierra Rutile releases Q4 2013 operational update

    2014-01-10
    Sierra Rutile Limited has announced its operational results for Q4 2013 from its operations in Sierra Leone and its guidance targets for 2014.

    The company reports a 12% quarter-on-quarter increase in its rutile production, totalling 36 059 tonnes for Q4 2013 and bringing the full year production total up to 120 349 tonnes, a 27% inc..
  • Caledonia Mining releases gold production update

    2014-01-10
    Caledonia Mining Corporation has released a gold production update from its 49% owned Blanket Mine, in Zimbabwe, for the quarter and year ended 31 December 2013.

    The company reports a total annual
  • Kogi Iron completes Environmental and Social Impact Assessment study

    2014-01-10
    Kogi Iron Limited has completed the Environmental and Social Impact Assessment (ESIA) study for its 100% owned Agbaja iron ore project located in Nigeria.

    The ESIA work, which commenced in January 2013, was conducted by Greenwater Environmental S..
  • Bauba Platinum signs non-binding term sheet for chrome exploration

    2014-01-10
    Bauba Platinum Limited has signed a non-binding term sheet, which will enable the company to assess the potential of exploiting previously excluded mineral rights. An estimated R2 million in capital is required to begin the open cast metallurgical test work on the chrome resource at the Moeijelik 412 KS and Waterkop 113 KT farms located in
  • Anglo Pacific announces passing of Chairman

    2014-01-09
    Anglo Pacific Group Plc regrets to announce the passing of Chairman and Executive Director, Peter Boycott.

    Boycott passed away on 7 January 2014 after taking a leave of absence from his role as Chairman for health reasons. Brian Wides has been serving the Board as the Acting Chairman and will continue in the role.
  • Premier African Minerals completes drilling programmes

    2014-01-09
    Premier African Minerals Limited has completed drilling at its RHA Tungsten project and the Katete REE project, both located in Zimbabwe.

    The additional drilling carried out on Lode 2A in the RHA Tungsten project, which the company holds a 49% int..
  • Sula Iron & Gold completes detailed soil survey

    2014-01-08
    Sula Iron & Gold Plc has announced the completion of a detailed ground magnetometer and geochemical soil survey over several targets located at its Ferensola project in Sierra Leone.

    The project is wholly owned by the company and has demonstrated significant
  • Continental Coals shares suspended from trading

    2014-01-06
    Continental Coal Limited has advised shareholders that its shares have been suspended from trading on the ASX and the AIM markets.

    The suspension will continue pending the clarification regarding the companys financial position following an expe..
  • Drake Resources acquires additional prospective land

    2014-01-06
    Drake Resources has entered into an option to purchase agreement, for a 236km prospective area adjacent to its Seimana project in Guinea.

    The newly acquired area will form part of the companys Seimana project, which has generated encouraging results for the company, thereby expanding the companys
  • Centamin releases Q4 production results

    2014-01-06
    Centamin Plc has release its preliminary production results from its Sukari gold mine in Egypt, for the quarter ended 31 December 2013.

    The company reports total gold production for the period to be 91 546 ounces, an increase of 7% from Q4 2012 and 8..
  • Lucapa Diamond Company recovers 32.2 carat diamond

    2014-01-03
    Lucapa Diamond Company Limited has recovered of a 32.2 carat Type 2A diamond, from its Lulo concession in Angola.

    The diamond is the largest recovered through Lucapa Diamonds new Dense Media Separation plant, which was commissioned in November 2013...
  • Chrysalis Resources releases an operational update

    2014-01-03
    Chrysalis Resources Limited has received the results from its reverse circulation drilling programme that was carried out at its Shikila copper project in Zambia.

    ..
  • African Energy releases JORC clarification statement

    2014-01-03
    African Energy Resources has released a JORC compliant summary of its coal resources in Botswana.

    The company reports a total resource of 2 517Mt at its Sese coal..
  • Vedanta Resources extends CEOs contract

    2014-01-02
    Vedanta Resources Plc has announced that Chief Executive Officer, MS Mehtas contract has been extended until 31 March 2014.

    Mehtas contract was due to expire on 31 December 2013 but he agreed to stay on in his position while the Nominations Committee concludes the search for his replacement.

  • Nyota Minerals sells 75% of Ethiopian subsidiary

    2014-01-02
    Nyota Minerals Limited has announced that it has completed the sale of a 75% stake in Nyota Minerals (Ethiopia) Limited to KEFI Minerals Plc.

    Nyota Minerals (Ethiopia) owns 100% of the Tulu Kapi gold project in Ethiopia and the proximal exploration l..
  • Syrah Resources receives mining license in Mozambique

    2013-12-27
    Syrah Resources Limited has announced that the Mozambique government has granted an additional 25 year mining license for the Balama project.

    The license includes graphite and vanadium. Exploration facilities at the Balama project are in the process of being converted to accommodate construction and the majority of the construction ..
  • Beacon Hill Resources updates on delisting from the ASX

    2013-12-27
    Beacon Hill Resources announced its intention to delist from the Australian Stock Exchange on 19 September 2013.

    The company has reportedly completed all the required documentation and delivered the documents to the holders of Chess Depository Interests (CDI) on 23 December 2013. The company expects its CDIs to be delisted from the ..
  • Jubliee Platinum shifts JSE Main Board listing to AltX

    2013-12-23
    Jubilee Platinum Plc has announced that it has received formal approval from the Johannesburg Stock Exchange allowing the company to transfer its listing to the AltX.

    The companys securities began trading on the AltX on 19 December 2013. This shift in listings allows for the London AIM market to be the companys primary listing; th..
  • Ncondezi announces results of optimised mine Feasibility Study

    2013-12-23
    Ncondezi Energy Limited has recently completed an optimised mine Feasibility Study on its Ncondezi project in Mozambique.

    The study aimed to establish the economic and technical viability of an open strip mine which would be capable of supplying coal..
  • African Consolidated releases its interim results

    2013-12-23
    African Consolidated Resources Plc has announced its interim results for the six month period ended 30 September 2013.

    The company reports that during the period the Definitive Feasibility Study carried out on its Pickstone Peerless oxide cap had been completed and the initial resource estimate of 3.2 Moz was confirmed.
    &..
  • Channel Resources receives approval for arrangement with West African Resources

    2013-12-20
    Channel Resources Limited announced that it had received the final court approval, on 11 December 2013, regarding the intended acquisition by West African Resources Limited.

    The previously announced plan of arrangement outlined the intention of We..
  • Peak Resources enters MoU for strategic partnership

    2013-12-20
    Peak Resources Limited has entered into a non-binding Memorandum of Understanding (MoU) with a Chinese rare earth producer. The aim of the MoU is to develop the companys 100% owned Ngualla rare earth project in Tanzania.

    The MoU provides the fram..
  • Predictive Discovery announces positive assay results

    2013-12-20
    Predictive Discovery has released additional results from drill assays that were carried out on holes BNGRD005 and BNGRD006 at its Bongou gold prospect in Burkina Faso.

    <..
  • Algold Resources completes acquisition of First Uranium

    2013-12-20
    Algold Resources Limited has completed the plan of arrangement to acquire all the issued and outstanding units of First Uranium Corporation.

    For each First Uranium unit held, shareholders will receive 0.0729849 of an Algold Resources share. In addition, for every full Algold Resources share issued to a First Uranium shareholder, hal..
  • Atlatsa concludes Bokoni wage agreement

    2013-12-19
    Atlatsa Resources Corporations subsidiary, Bokoni Platinum Mines (Pty) Ltd has reached a wage agreement with the recognised trade unions at its mine.

    The wage agreement with NUM, TAWUSA and UASA includes an average increase which outweighs the increase in the South African cost of living, as determined by the inflation rate (CPI-X)..
  • African Potash begins Environmental and Social Impact Assessment

    2013-12-18
    African Potash Limited has commenced an Environmental and Social Impact Assessment at its Lake Dinga potash project in the Republic of Congo.  The company ordered the assessment to take place ahead of a drilling programme which is set to begin in 2014.
     
    African Potash CEO Edward Marlow commented, "The commissioning of t..
  • Sibanye Gold announces intention to acquire Wits Gold

    2013-12-18
    Sibanye Gold Limited has submitted an offer to Witwatersrand Consolidated Gold Resources Limited to acquire its entire issued share capital for R11.55 per share by way of a Scheme of Arrangement.

    Provided that all the conditions precedent are met, Sibanye Gold will own 100% of Wits Gold and intends to delist the company from the Joh..
  • Northam Platinum mine update

    2013-12-18
    Northam Platinum Limited has advised that after 6 weeks of strikes, members of the National Union of Mineworkers (NUM) are still demanding a 16% increase on basic wages. In addition, NUM has demanded a 69% increase in living out allowances at the Zondereinde platinum operations in
  • First Uranium shareholders approve Algold Resources arrangement

    2013-12-18
    First Uranium Corporation has announced that shareholders have approved the plan of arrangement whereby Algold Resources Limited will acquire all outstanding units of First Uranium. 

    The resolution regarding the arrangement was approved by almost 95% of the companys shareholders in person or by proxy on 13 December 2013.&l..
  • Intra Energy secures an additional exploration license

    2013-12-17
    Intra Energy Corporation Limiteds 100% owned subsidiary, Intra Energy Trading Limited, has been granted the Ngana West EPL0392/13 coal license in Malawi.

    The license covers 50.2km and lies just south of the Tanzanian border. Previously completed exploration has confirmed that the Ngana West prospect holds large shallow coal deposi..
  • Invictus Gold receives approval for merger with Impact Minerals

    2013-12-17
    Invictus Gold Limited has advised shareholders that it has received approval from the Federal Court of Australia regarding its Schemes of Arrangement for the merger with Impact Minerals Limited.

    The Schemes of Arrangement include a Share Scheme, under which all shares in Invictus will be acquired by Impact Minerals and an Option Sch..
  • Shaw River Manganese mining license cancellation withdrawn

    2013-12-17
    Otjozondu Mining (Pty) Ltd, a subsidiary of Shaw River Manganese Limited has been notified that the Minister of Mines and Energy has withdrawn the intended cancellation of the mining license for the Otjozondu Manganese project in Namibia.

    Otjozon..
  • West Peak Iron commissions scoping study in Liberia

    2013-12-17
    West Peak Iron Limited has commissioned a scoping study at its wholly owned Bomi South tenement in Liberia.

    The study will assist in determining the economic viability of
  • Trans Hex provides group production and sales update

    2013-12-13
    Trans Hex Group Limited reports that total production amounted to 34 435 carats for the year period ended 30 November 2013 from its diamond operations in South Africa.

    The production total for the first half of the year period was 21 849 carats at..
  • African Consolidated Resources releases outcome of the Prefeasibility Study

    2013-12-11
    African Consolidated Resources Plc has announced the outcome of the Pre-Feasibility Study from its Pickstone-Peerless gold project located in Zimbabwe.

    Using a chosen preferred development option, the Pre-Feasibility Study demonstrated a Life of M..
  • Giyani Gold completes restructuring of Canadian assets

    2013-12-09
    Giyani Gold Corporation has acquired the majority interest in Canoe Mining Ventures Corp, formerly known as C Level III Incorporated.

    The majority interest was acquired through a securities exchange agreement, under which Giyani Gold agreed to exchange 100% of its common shares in 2299895 Ontario Incorporated for 19.4 million common..
  • Beacon Hill enters into an acquisition agreement

    2013-12-09
    Beacon Hill Resources Plc has entered into an agreement to acquire up to a 70% interest in the prospecting and exploration license 3788L located in Mozambique.


    The agreement is between the companys wholly owned subsidiary, BHR Investments Mauritius Limited, and Accia Minerao, Lda. 
  • JSE pauses trading in honour of Nelson Mandela

    2013-12-06
    At 11:00am on Friday, 6 December 2013 the JSE will pause trading for 5 minutes as a sign of respect for Nelson Mandelas passing.

    CEO of the JSE Nicky Newton-King paid tribute to the former president, Nelson Mandelas global statesmanship made him one of the most revered leaders the world has known. His attention to all he met, com..
  • Equatorial Resources upgrades mineral resource estimate

    2013-12-06

    Equatorial Resources Limited has announced a substantial upgrade to the Mineral Resource Estimate for its 100% owned Mayoko-Moussondji iron project in the Republic of Congo.

  • Base Resources announces first production from its Kwale project

    2013-12-05

    Base Resources Limited has commenced with concentrate processing and the first production of ilmenite and rutile from its Kwale project located in Kenya.


  • Regal Resources to complete fundraising

    2013-12-05

    Regal Resources Limited has received firm commitments from institutional and sophisticated investors to raise $1 008 000 through a placement of million fully paid ordinary shares.


  • Aureus Mining updates on construction of the New Liberty gold project

    2013-12-05

    Aureus Mining Incorporated reports construction at its New Liberty gold project, in Liberia, is progressing according to schedule.

  • DiamondCorps Lace mine completes diamond sale

    2013-12-05

    DiamondCorp Plc has completed the first sale of diamonds that were recovered from the companys tailings re-treatment operations at its Lace diamond mine, in South Africa.


    ..
  • Premier African Minerals signs Memorandum of Understanding

    2013-12-05

    Premier African Minerals Limited has signed a non-binding Memorandum of Understanding (MOU) with an industry off-take partner for the supply of tungsten from the companys 49% owned RHA tungsten project located in Zimbabwe.&l..

  • Strategic Natural Resources Elitheni Coal receives liquidation notice

    2013-12-04
    Strategic Natural Resources Plcs 74% owned South African subsidiary, Elitheni Coal (Pty) Limited, has received a liquidation notice from a group of creditors.

    Elitheni Coal is taking legal advice on disputing the liquidation notice as it believes the amounts being claimed significantly exceed legitimate claims from the relevant cre..
  • Regency improves financial position and updates on Sudan exploration

    2013-12-04
    Regency Mines Plc reports an improvement in its financial strength attributed to cost reduction efforts during the reporting period and borrowings having been reduced from 1.6 million to 0.53 million.

    Following several visits to Sudan, the company reports having identified multiple areas of significant potash potential. As a resul..
  • Northam Platinum responds to NUM memorandum

    2013-12-04
    Northam Platinum Limited has released its response to the National Union of Mineworkers (NUM) memorandum, which outlines the unions demands for the companys Zondereinde mine workers.

    There were five main issues raised in the memorandum; wage increases and housing/living-out allowances, negotiating in good faith, hydro-power, mate..
  • Chrysalis Reources updates on drilling at Shikila project

    2013-12-03
    Chrysalis Resources Limited completed the Reverse Circulation (RC) drilling programme at its Shikila copper project in Zambia.

    The aim of the RC drilling programme was to identify the economic potential of the copper mineralisation at the Shikila ..
  • Waterberg Coal to transfer to the JSEs Main Board

    2013-12-03
    Waterberg Coal Company Limited has received approval from the Johannesburg Stock Exchange to transfer the companys listing from the Alternative Exchange to the Main Board.

    The transfer will take effect as of 4 December 2013; the company will be operating under the
  • Wescoal set to acquire Proudafrique

    2013-12-02
    Wescoal Holdings Limited has purchased all the issued shares of Proudafrique Trading 147 (Proprietary) Limited, indirectly acquiring Wescoal Exploration (Proprietary) Limited.

    Wescoal currently owns 60% of Wescoal Exploration through its wholly owned subsidiary Wescoal Mining (Proprietary) Limited. Proudafrique owns the remaining 40..
  • Select Exploration identifies copper sulphide mineralization

    2013-12-02
    Select Exploration Limited, has identified copper sulphide mineralization in surface outcropping at its 100% owned Godegode base metals project in Tanzania.

    Results from the initial reconnaissance and the soil sampling program show visible high gr..
  • Uranex Limited completes Reverse Circulation drilling

    2013-12-02
    Uranex Limited reports significant drilling results from its 100% owned Nachu Graphite project in Tanzania.

    The Reverse Circulation drilling programme has been completed and confirms exciting potential for a substantial near surface graphite depos..
  • Tlou Energy updates on field activities

    2013-12-02
    Tlou Energy Limited has given an update regarding the status of the current field activities that are underway for its 2013 Horizontal Drilling programme in Botswana.

    The Horizontal Drilling program has been completed. Drilling on the Karoo Centr..
  • Shaw River Manganese commences blast hole drilling programme

    2013-11-29
    Shaw River Manganese Limited has commenced with the blast hole drilling and sampling at its 84% owned Otjozondu manganese project located in Namibia.

    A 300 hole drilling programme is currently underway at the Labusrus deposit, with the aim of identifying open pitable inventory for early production.

    &l..
  • Giyani Gold reports a net loss

    2013-11-29

    Giyani Gold Corporation released its consolidated financial results for the three month period ended 30 September 2013.


  • Rockwell Diamonds recovers a 287-carat diamond

    2013-11-28
    Rockwell Diamonds Incorporated recovered a 287-carat diamond from its operations in the Middle Orange River, South Africa.

    The recovery of the diamond reinforces managements decision to focus operations in Middle Orange region as this is the fift..
  • NWT Uranium to acquire Southern African Nickel

    2013-11-27
    URU Metals Limited, a 39.7% subsidiary of NWT Uranium Corporation, has entered into an agreement to acquire 100% of Southern African Nickel Limited.

    URU Metals will pay $1 per share to the shareholders of Southern African Nickel and has committed to paying the outstanding obligations of the Southern African Nickel Joint Venture, app..
  • Channel Resources updates on acquisition by West African Resources

    2013-11-27
    Channel Resources Limited obtained an interim order from the Supreme Court of British Columbia authorising the holding of a Special Meeting of Channel Resources shareholders to vote on the proposed acquisition by West African Resources.

    The acquisition will be by way of a plan of arrangement, wherein West African Resources will acqu..
  • Afferro Mining updates on acquisition

    2013-11-27
    Afferro Mining Incorporated has given an update regarding the Arrangement Agreement between the company and International Mining and Infrastructure Corporation Plc (IMIC).

    The Arrangement Agreement sets out how IMIC will acquire the entire issued share capital of Afferro Mining through IMICs wholly owned subsidiary, Afferro Holding..
  • Keaton Energy finalises funding arrangements for Xceed acquisition

    2013-11-27

    Keaton Energy Holdings Limited has finalised the funding arrangements for the proposed acquisition of Xceed Resources Limited by way of a Scheme of Arrangement.


    The finalised funding arrangements include the issue of 32 647 838 new Keaton Energy ordinary share..

  • Update on Trans Hexs Namaqualand Mines acquisition

    2013-11-27
    On October 2013, Trans Hex Group Limited reached an agreement with De Beers Consolidated Mines Limited to acquire the assets and liabilities of the Namaqualand Mines.

    The acquisition will be carried out by Trans Hexs 40% owned subsidiary, Emerald Panther Investments 78 (Proprietary) Limited.

  • Pan African Resources amends terms of Manica disposal agreement

    2013-11-27
    Pan African Resources Plc has made conditional amendments to the terms of the Manica gold exploration project disposal agreement.

    The disposal agreement is between Pan African Resources and Auroch Minerals NL, both of which agreed to amend the terms of the transaction. 

  • Stellar Diamonds increases resource base

    2013-11-26
    Stellar Diamonds Plc has released its audited results for the year ended 30 June 2013.

    The company reports its resource base increased by 29% to 4 million carats during the period. The increased total resource base includes the Tongo, Droujba and Katcha operations.

    The Tongo ope..
  • Amara Mining issues shares

    2013-11-25
    Amara Mining Plc has made an application to the London Stock Exchange for 51 846 782 new ordinary shares of 1 penny each. 

    The consideration shares will be issued to Amlib and will rank pari passu with the existing ordinary shares.

    It is expected that admission to tradi..
  • Tribune Resources completes mapping programme

    2013-11-25
    Tribune Resources Limited has released an exploration update report for the work conducted at its Adiembra Prospect in Ghana.

    The work included structural mapping and Reverse Circulation drilling which was completed by a specialist, structural geo..
  • Northam Platinum updates on strike action at Zondereinde Mine

    2013-11-25
    Revenue losses due to the strike action taken by the National Union of Mineworkers (NUM) at Northam Platinum Limiteds Zondereinde Mine, in South Africa, has totaled approximately R200 million.

    On average the mine produces 1 000 ounces of platinum..
  • Sierra Rutile enters a 50 000 tonne sales contract

    2013-11-22
    Sierra Rutile Limited has announced that it has entered into a 50 000 tonne rutile sales contract with a major pigment producer. 

    The contract outlines multiple shipments to take place before 31 March 2014. At the end of the 2013 fiscal year, Sierra Rutile will hold a rutile inventory on par with historic levels. &..
  • Tawana Resources reports itabirite mineralisation in Liberia

    2013-11-21
    Tawana Resources Limited has reportedly intersected high grade itabirite mineralisation at its Gofolo Main prospect located in Liberia.

    The Gofolo Main strike continuity extended from 0.8km to 1.8km, an increase of 125%, and the width of the mine..
  • Sable Mining increases its JORC compliant resource

    2013-11-20

    Sable Mining Africa Limited increased the JORC compliant Mineral Resource of its Nimba iron ore project by 32%, from 135.5Mt to 178.4Mt.


    This increase follows the expansion exploration drilling undertaken at the project, which is located in Guinea. The revised..

  • Sovereign Miness Guinea subsidiary acquires a new exploration concession

    2013-11-20
    Sovereign Mines of Africa, through its subsidiary; Sovereign Mines of Guinea Limited (SMG); has acquired a new exploration concession in Guinea.

    The new exploration concession is contiguous to the south of its flagship Mandiana-Magana gold concession and covers an open strike extension, which forms the companys maiden gold resource..
  • Vedanta Resources reports a 17% decrease in revenue

    2013-11-20
    Vedanta Resources Plc has released its interim results for the six months ended 30 September 2013.

    The companys revenue and underlying Earnings per Share decreased by 17%, to $6.2 billion, and 70%, to 29.3 cents, respectively. During the last 18 months, the company has managed to reduce its net debt by $1.6 billion. As at 30 Septem..
  • Impala Platinum Holdings appoints Executive Head

    2013-11-20
    Impala Platinum Holdings Limited has appointed Nelson Ndlala as the new Executive Head of its Rustenburg operations with immediate effect.

    Ndlala is a mining engineer with experience gold and platinum mining. He holds a Masters of Business Leadership (MBL) degree from the University of South Africa and has recently completed an Exec..
  • Avocet Mining completes hedge buy back

    2013-11-20
    Avocet Mining Plc has completed the buy back of its entire hedge position with Macquarie Bank Limited and is now a fully unhedged gold producer. 

    The company entered into a five year loan facility agreement with Ecobank Burkina Faso of 3..
  • Crucible Gold mobilises geologists to Cote dlvoire

    2013-11-19
    Crucible Gold Limited has had its prospecting application approved by the Cote dlvoire mines ministry.

    The application covers three licenses which, according to previous reconnaissance, contain gold mineralisation.

    Following the approval, the company mobilised geologists and fi..
  • Paladin Energy extends tenure of Managing Director

    2013-11-19
    John Borshoff, Managing Director and Chief Executive Officer of Paladin Energy, has agreed to stay on in his position until 31 December 2014. 

    The parties have agreed to retain the option to further extend Borshoffs tenure by an additional 1 or 2 years, depending on agreed performance objectives.
    <..
  • Resolute Mining proposes Deed of Company Arrangement

    2013-11-19
    Resolute Mining Limited, Nobel Mineral Resources Limiteds largest external creditor, has proposed a Deed of Company Arrangement relating to the ownership of the Bibiani Gold project located in Ghana.

    Bibiani gold mine is currently owned by Noble ..
  • Syrah Resources reports Scoping Study results

    2013-11-19
    Syrah Resources Limited has released the outcomes of the Scoping Study conducted on the Balama West graphite project in Mozambique.

    The study was conducted by Independent Consultant, Snowden Mining Industry Consultants, with specialist work undertaken by Mintek, Metallicon, Environmental Business Strategists, the MSA Group and Ports..
  • Golden Rim Resources confirms excellent gravity gold recoveries

    2013-11-18
    Golden Rim Resources Limited has confirmed excellent gravity gold recovery rates from the Gravity, Floatation, Intensive Leach metallurgical testwork program conducted at the Balogo project in Burkina Faso.

    The testwork was being carried out by G..
  • Royal Bafokeng Platinum undertakes a strategic review

    2013-11-15
    Royal Bafokeng Platinum Limited has undertaken a detailed strategic review of its operating activities and long-term capital expenditure commitments.

    The increase in the companys focus on its more profitable core business, being the mining and processing of the Merensky reef, was as a result of the deteriorating Platinum Group Meta..
  • Randgold reports an 80% profit increase

    2013-11-13
    Randgold Resources Limited reported an 80% quarter on quarter profit increase powered by its 80% owned Loulo-Gounkoto complex located in Mali.

    The increase was reported despite the 3% drop in average gold price which was experienced for the three ..
  • Ncondezi Energy launches EPC contract

    2013-11-13
    Ncondezi Energy has launched the engineering, procurement and construction contract binding proposals process for its 300MW integrated thermal coal mine and power plant project in Mozambique.

    A pre-qualified short list of seven EPC firms has been selected to tender in the final binding proposals process, following the completion of ..
  • African Eagle Resources receives AUD$50 000

    2013-11-13
    African Eagle Resources Plc has received AUD$50 000 from Syrah Resources Limited in relation to the Revised Agreement with Jacana Resources Limited.

    Jacana was acquired by Syrah Resources Limited in 2011 and pursuant to this; African Eagle was working with Syrah to satisfy the remaining conditions.

    &l..
  • Bushveld Minerals and Lemur Resources closes takeover offer

    2013-11-12
    Bushveld Minerals Limited has closed off its takeover of all the ordinary shares in Lemur Resources Limited.

    Bushveld now holds 54.39% of Lemur Resources issued share capital.

    Subject to the offer, Bushveld will be required to provide a distribution schedule for the ordinary sh..
  • Walkabout Resources discovers significant copper-gold stockwork

    2013-11-12
    Walkabout Resources Limited has discovered copper-gold stockwork at its 75% owned Kigoma project located in Tanzania.

    Drilling at the Kigoma copper project intersected a first known hydrothermal mineralised system in the area, with at least three ..
  • Syrah Resources reports maiden resource of 21 million tonnes

    2013-11-12
    Syrah Resources has given an update regarding its maiden Inferred Resource and Mineral Resources report for the Ativa Zone located at Balama West, Mozambique.

    The Avita Zone indicated an Inferred Resource of R51 million at 19.9% Total Graphitic Carbon (TGC) and 0.38% V2O5  at a 13% TGC cut-off.
  • Tawana Resources awards Tenova Scoping Study Management role

    2013-11-12
    Tawana Resources NL has awarded its Scoping Study Management role for its Mofe Creek project to Tenova Mining and Minerals Australia, which is a part of Tenova Australia.

    Tenova Mining and Minerals is a globally recognised mining and minerals design and development group with offices in Australia and Africa, it is a worldwide suppli..
  • Goldplat releases preliminary results

    2013-11-12
    Goldplat Plc has released its preliminary results for the year ended 30 June 2013.

    Goldplat reports total production of 35 009 ounces from Ghana and South Africa
  • Chairman of Lonmin retires

    2013-11-12
    Lonmin Plcs Chairman, Roger Phillimore, has informed the company of his intention to retire from the Board of Directors during 2014.

    Phillimore was appointed Chairman in 2009, having served as deputy chairmen in 2002 and an Independent Non-executive Director since 1997. He has a career-long experience in the international mining in..
  • Village Main Reef appoints new CFO

    2013-11-12
    Village Main Reef Limited has appointed Clinton Halsey as the new Chief Financial Officer of the company with immediate effect. The appointment follows the resignation of previous Chief Financial Officer, Marius Saaiman.

    Halsey is a qualified Chartered Accountant and a member of The South African Institute of Chartered Accountants. ..
  • Wescoal completes acquisitions

    2013-11-12

    JSE listed coal producer, Wescoal Holdings Limited, has acquired a coal trading business from MacPhail as well as the properties acquisition subject to certain suspensive conditions.


    The acquisitions were made through the companys wholly owned subsidiary, Cha..

  • Amara Mining enters into a Share Purchase Agreement

    2013-11-11

    Amara Mining Plc has entered into a legally binding, conditional share purchase agreement with Amlib Holdings Plc.


    Pursuant to the agreement, the company will acquire $10 million cash, which will fund the ongoing advancement and exploration at both Amaras Bao..

  • AngloGold Ashanti's Q3 results

    2013-11-08
    AngloGold Ashanti Limited reports an increase in gold production and a decrease in costs.
    The companys gold production increased by 12% to 1 043koz, which was better than the set guidance of 950koz 1 million ounces.

    The total cash costs improved by 10% to $809 per ounce; compared to the $860 per ounce - $890..
  • Paragon Diamonds receives a new Prospecting License

    2013-11-06
    Obtala Resources Limited, through its 45.35% owned subsidiary, Paragon Diamonds Limited, has been awarded a new Prospecting License for precious stones in Botswana.

    The license, which covers a 442 km area, was awarded to Paragon Diamonds wholly..
  • Platfields acquires gold mining rights

    2013-11-06
    Platfields Limited signed an agreement, on 17 October 2013, to acquire the business rights and operations relating to gold mining, gold processing and gold smelting of Primrose Gold Mines (Proprietary) Limited.

    The acquisition is for a consideration of R3.2 million, which is to be settled through the issue of 80 million new shares a..
  • Tribune Resources provides an exploration report

    2013-11-05
    Tribune Resources Limited has released an exploration report for the four month period ended 31 October 2013 for its gold operations in Ghana.

    During the reporting period the company focused on structural mapping and Reverse Circulation (RC) drilling on the Adiembra prospect. A total of 26 RC holes were completed during the period, ..
  • Regency Mines Sudan operations update

    2013-11-05
    Regency Mines Plc has launched a field programme to the Jebel Abyad concession in Sudan.
    Regency Mines has farm-in rights for the project under an option agreement with International Mineral Resources Limited.

    A team has been mobilised to Sudan, where they will spend three weeks carrying out preliminary phospha..
  • Impala Platinum reports a decrease in overall production

    2013-11-05

    Impala Platinum Holdings Limited has released a production update for the quarter ended 30 September 2013.


  • Northam Platinum receives strike notice

    2013-11-04
    Northam Platinum Limiteds management of the Zondereinde division has received a strike notice from the National Union of Mineworkers (NUM).

    NUM rejected the companys revised wage offer following a two day facilitation process under the guidance of the Commission for Conciliation, Mediation and Arbitration (CCMA). Northam Platinum ..
  • Coal of Africa finalises working capital facility

    2013-11-01

    Coal of Africa Limited has finalised an 18 month working capital facility of R210 million from Investec Bank Limited.

  • Sarama Resources files technical report

    2013-10-31
    Sarama Resources Limited has filed a technical report in support of the companys Maiden Mineral Resource estimate, released in September 2013, for its South Hound project in Burkina Faso

    The report was prepared in accordance with the..
  • Base Resources quarterly operations update

    2013-10-31
    ASX listed company, Base Resources Limited, has reported ore processing has commenced at its Kwale Mineral Sands Project in Kenya.

    The ore processing will be carried out through the mining unit and wet concentrator. All the projects supporting infrastructure has been completed and are currently operational, with the exception of th..
  • Northam Platinum updates on wage negotiations

    2013-10-30
    Northam Platinum Limited and the National Union of Mineworkers (NUM) continue with discussions regarding the wage negotiations, for the companys Zondereinde division employees, for the 2014 financial year.

    The negotiations are being overseen by the Commission for Conciliation, Mediation and Arbitration (CCMA).
  • Resolute Mining closes Finkolo tenure acquisition

    2013-10-29
    Resolute Mining Limited has successfully completed the acquisition of the remaining 40% interest in the Finkolo Joint Venture located in Mali.

    The Joint Venture is between Resolute Mining and Endeavour Mining Corporation.
    <..
  • Kibo Mining commences drilling at Imweru

    2013-10-29
    Kibo Mining Plc has started a 3 000 metre drilling programme at its Imweru project located in Tanzania.

    The drill programme will comprise of approximately 750 metres of diamond drilling and 2 250 metres of reverse circulation drilling in 20 holes...
  • Jubilee Platinum secures funding for Dilokong Chrome tailings project

    2013-10-29
    Jubilee Platinum Plc has secured funding to meet the working capital requirements for its platinum-bearing Dikolong Chrome mine tailings project in South Africa.

    The funding arrangement includes both debt and equity. Jubilee Platinum managed to se..
  • Shaw River Manganeses stake in the Otjo manganese project increases

    2013-10-29
    Otjozondu Holdings (Proprietary) Limited, a wholly owned subsidiary of Shaw River Manganese Limited, has increased its shareholding in the Otjozondu manganese project, in Namibia, from 75.5% to 84.0%.

    The increase in the companys interest came a..
  • Aquarius Platinums EBITDA increases

    2013-10-28
    Aquarius Platinum Limited released its financial and production results for the quarter ended 30 September 2013.

    The companys EBITDA increased from $1.6 million in the previous corresponding period to $6.3 million in this period. There was a $4 million quarter on-quarter decrease due to higher costs and lower recoveries at the comp..
  • Mwana Africa reports pleasing quarterly production update

    2013-10-28

    Mwana Africa Plc provided an update on its operations and exploration activities for the quarter ended 30 September 2013.


    Gold production of 17 536 ounces was reported from the companys Freda Rebecca gold mine in  Zimbabwe, a 19% increase  f..

  • Savannah Resources closes 0.5 million placement

    2013-10-28
    Savannah Resources Plc has raised 496 313 through a share placement of 18 047 748 new ordinary shares at a price of 2.75 pence share.

    The placement was brokered by N+1 Singer and was oversubscribed.

    The share placement, combined with a further 500 000 equity investment in July..
  • Shanta Gold on track to deliver full year gold production of 63 000 ounces

    2013-10-24
    Shanta Gold Limited produced a total of 18 914 ounces of gold during Q3 2013, an increase of 31% from Q2 2013. The company sold 19 235 ounces during the quarter at an average price of $1 366/ounce.

    The company is pleased to report it is maintaining its full year guidance of an All-in Sustaining Cost of between $1 000 and $1 100 and ..
  • Golden Deeps discovers additional copper mineralisation

    2013-10-24
    Golden Deeps Limited intersected wide zones of copper at its Deblin prospect located in northern Namibia.

    Intercepts include 29 metres at 1.00% copper and 1.86 g/..
  • East Africa Resources Mkuju project update

    2013-10-24
    East Africa Resources Limited reported a strong radiometric uranium anomaly which is on trend from the Mkuju River uranium deposit in Tanzania.

    The Environmental Impact Assessment at the companys Mkuju project is ongoing.
    &l..
  • Maiden Inferred Gold Resource at Mandiana-Magana gold project declared

    2013-10-23
    Sovereign Mines of Africa Plc declared a Maiden Inferred Gold Resource of 600 000 ounces at its Mandiana-Magana project located in Guinea. 

    The Mineral Resource Estimate was conducted by SRK Consulting UK Limited, which considers it important to highlight the existence of higher grade structures in the deposit which might ..
  • Rio Tinto releases production update

    2013-10-22

    Rio Tinto Plc has announced strong third quarter production results.


    Copper production at the companys Oyu Tolgoi mine, in Mongolia, continued to ramp-up. The mine is now prod..

  • Additional drilling scheduled at Jacka Resources Bargou JV

    2013-10-22

    Jacka Resources Limited has announced its decision to drill a second deviated wellbore at its Bargou joint venture located offshore Tunisia.


  • Royal Bafokeng Platinum's mill shutdown causes marginal effect on quarter results

    2013-10-22
    Royal Bafokeng Platinum Limited has announced satisfactory performance during the quarter ended 30 September 2013.

    The company shutdown its primary mill for a total of 15 days for the discharge end replacement which was completed successfully. The shutdown caused a 13% decrease in the amount of milled tonnes and a 4% decrease in the..
  • DRDGOLD releases quarterly report

    2013-10-22
    DRDGOLD Limited has released an update to shareholders for the quarter ended 30 September 2013.

    During the quarter DRDGOLD resolved its labour unrest through a two year wage settlement which falls within the companys budget parameters. The strike, which lasted 2 days and involved 600 employees, did not have a material effect on the..
  • Rumble Resources updates on Derosa Project

    2013-10-22
    Rumble Resources Limited provided an update regarding its 75% owned, Derosa Project, located in Burkina Faso.

    Rumble renegotiated with its Joint Venture partner, Canyon Resources Limited, to extend the 51% earn in commitment date to the 19 Septem..
  • Stellar Diamonds first ore blast

    2013-10-21
    Stellar Diamonds Plc has completed the first blast in its bulk sampling programme at its 100% owned Tongo kimberlite dyke project located in Sierra Leone.

    The company reports that the first blast was successful and on schedule, with the objective being to target diamond parcel of up to 2 000 carats for enhanced diamond value modelin..
  • Sunbird awarded further exploration right

    2013-10-21
    Sunbird Energy Limited has been granted an exploration right over the Springbok Flats West Area, in South Africa.

    The exploration right covers an area of 747.51km and was granted by Petroleum Agency of
  • Blackthorn Resources Perkoa project update

    2013-10-21
    Blackthorn Resources Limited has announced that the first shipment of zinc concentrate, from the companys Perkoa mine, has left from the Port of Abidjan in Cote dIvoire.

    The shipment totaled 12 175 wet metric tonnes. Transportation of zinc concentrate to the port is continuing with approximately 16 000 wet metric tonnes having alr..
  • Unity Mining appoints CFO

    2013-10-21
    Unity Mining Limited has appointed Ben Stockdale as Chief Financial Officer of the company.

    Stockdale replaces Bill Geier, who resigned from the company to pursue other opportunities. Geier successfully managed the financial integration of the Cortona entities and advanced the project financing of the Dargues Gold Mine.
    &..
  • Equatorial Resources confirms rail and port access for Mayoko-Moussondji

    2013-10-21
    Equatorial Resources Limited has received confirmation from the government of the Republic of Congo regarding its Mayoko-Moussondji project access agreements for the use of the state owned railway lines and ports.

    As per the agreements, the company has been granted permission to make use of the existing railway and port i..
  • Sable Mining updates on export ruling for Nimba Iron Ore Project

    2013-10-18
    Sable Mining Africa Limiteds export license for its Nimba Iron Ore project is in full accordance with the bilateral agreement between the Republic of Guinea and Liberia.

    The license authorizes the company to transport iron ore, from the Nimba Ir..
  • Randgold Resources Kibali gold mine indicates long term value creation

    2013-10-18
    Randgold Resources Limiteds Chief Executive Officer, Mark Bristow, believes the Kibali gold mine could be the vehicle for significant long-term value creation in the Democratic Republic of Congo.

    The company has developed and is currently operat..
  • Anglo American appoints CEO for Nickel, Niobium and Phosphates businesses

    2013-10-17
    Anglo American Plc has appointed Ruben Fernandes as the Chief Executive Officer of its Nickel, Niobium and Phosphates businesses with effect from December 2013.

    Fernandes appointment follows the resignation of Walter De Simoni who had been Chief Executive Officer of the Nickel business since 2009. Fernandes will report to Chief Exe..
  • Coal of Africa announces expansion at Vele Colliery

    2013-10-17

    Coal of Africa Limiteds Board has approved a R 220 million expansion at the Vele Colliery in South Africa in August 2013.

  • Anglo American Platinum resolves strike action

    2013-10-16
    Anglo American Platinum Limited has resolved the strike action that commenced on 27 September 2013 following the companys restructuring proposals.

    The company originally announced its restructuring plans in January 2013, with a total of approximately 14 000 jobs expected to be affected.

    &..
  • Rockwell Diamonds reports continued growth

    2013-10-16
    Rockwell Diamonds Incorporated has released its results for the three month period ended 31 August 2013.

    The company reported a strong 33% year-on-year increase in revenue, seeing total revenue amount to C$9.9 million. C$8.6 million of which is attributed to diamond sales and the remaining C$1.3 million to beneficiation income. This..
  • Waterberg Coal concludes Firestone Energy takeover offer

    2013-10-15
    On 23 September 2013, Waterberg Coal Company Limited closed its takeover offer for all the issued share capital of Firestone Energy Limited.

    Following the closing of the offer, Waterberg Coal had acquired 1 148 632 708 fully paid ordinary shares in Firestone Energy, a total 32.36% stake.

    &..
  • DRDGOLD Strike Ends

    2013-10-15
    DRDGOLD Limited has signed a settlement with the National Union of Mineworkers which outlines the wages and conditions of employment for 2013 and 2014.

    The settlement ended a two day strike of 600 employees at the companys Ergo operations, in South Africa. Employees started returning to work on 9 October 2013, with no negative effe..
  • Tawana Resources aims to raise $2.9 million

    2013-10-15
    Tawana Resources NL has successfully agreed terms for a placement of 244 million shares to raise approximately $2.9 million.

    The shares will be issued at a price of $0.012 per share to new and existing investors and various institutions.

    Funds generated from the placement will b..
  • Savannah Resources completes acquisition of Matilda Minerals

    2013-10-11
    AIM listed exploration company, Savannah Resources Plc, has completed the acquisition of an 80% shareholding in Matilda Minerals Limitada.

    Matilda Minerals holds the highly prospective 180km2 Jangamo tenement, located in Mozambique.
    Samples taken at the tenement by Savannah, revealed results of up to 18.1% tota..
  • Ferrum Crescent aims to raise 873 000 through a Private Placement

    2013-10-11
    Ferrum Crescent Limited has applied to list 44 613 156 ordinary shares on the AIM market of the London Stock Exchange.

    The 44 613 156 ordinary shares is the companys first tranche of a Private Placement that has been issued and totals 48 000 000 ordinary shares at a price of  0.0182 per share. The placement is expected to..
  • Ncondezi Energys Environmental Social Impact Assessment is approved

    2013-10-11
    Ncondezi Energy Limited has received approval from the Ministry for Coordination of Environmental Action regarding the companys Environmental Social Impact Assessment for its Ncondezi mine located in Mozambique.

    Following the approval, the company can now being the application process for an environmental permit.
  • Baobab Resources draws down 101 500

    2013-10-11
    Baobab Resources Plc has drawn down 101 500 of its 17million Equity Line Facility with Dutchess Opportunity Cayman Fund Limited. 

    The remaining outstanding balance of the Equity Line Facility is 13 724 300.

    The company has allotted 725 000 ordinary shares to Dutchess..
  • Stratex International investments in Tembo Gold Corporation

    2013-10-11
    Stratex International Plc has reached an agreement with Tembo Gold Corporation to participate in a strategic financing of up to C$8.657 million.

    The aim of the strategic financing agreement is to allow Tembo Gold to continue gold exploration and evaluation on its property in
  • Kibo Mining formally appoints Rukwa project management team

    2013-10-10
    Kibo Mining Plc has made key internal and external appointments to manage and execute the Rukwa Coal to Power project feasibility studies for both the Rukwa Coal Mine and the Rukwa Power Station.

     The Rukwa Executive Management Team (REMT) comprises of Kibo Minings Chief Executive Officer, Louis Coetzee, Kibos Chief Opera..
  • Kasbah Resources updates on the Achmmach Western Zone Shallow drilling

    2013-10-08
    Kasbah Resources Limiteds Western Zone Shallow drilling has outlined tin zones at shallow depths on the Sidi Addi trend at the companys Achmmach prospect in Morocco.

    The company has completed the initial drilling on the western zone tin target, with 9 shallow diamond holes testing 110 metres of strike.
  • Atlatsa Resources update restructure plan

    2013-10-08
    The South African Department of Mineral Resources has granted Atlatsa Resources Corporation consent for the sale and transfer of mineral rights for the Boikgantsho Platinum project to Anglo American Platinum Limited.

    The approval by the Department..
  • Base Resources commences ore processing at Kwale project

    2013-10-08
    Base Resources Limited has begun ore processing through the mining unit and wet concentrator at its Kwale mineral sands project located in Kenya.

    The first ore has been through the dozer trap mining unit and the wet concentrator following two weeks of water commissioning and control logic testing. 
    <..
  • Minbos Resources secures additional funding

    2013-10-08
    Minbos Resources Limited has secured $250 000 in additional funding from a group of sophisticated investors through the issue of convertible notes.

    The convertible notes have been issued under a facility for $500 000. $250 000 of which has already been advanced to the company in August 2013. The funding will be used for general work..
  • Viking Ashantis Ghana project reports a 12% increase in gold reserve

    2013-10-08
    Viking Ashanti Limited has announced the updated resource estimate results of its wholly owned subsidiary, Akoase East gold project located in Ghana.

    The results demonstrated a JORC compliant Inferred Mineral Resources Estimate of 20.6 Mt at a gra..
  • Aureus to raise approximately $15 million

    2013-10-07
    Aureus Mining Incorporated has brokered a private placement of common shares, at a price to be determined through an accelerated book-building process, to raise approximately $15 million.

    The proceeds will be used to advance focused exploration activities within the Bea Mountain Mining License, in
  • Erongo Energys Director resigns

    2013-10-07
    Klaus Eckhof has resigned as a Director of the company to concentrate on other work commitments. 

    Eckhof is a graduate Geologist from the University of Munich, Germany.  He has over 20 years of industry knowledge, with exploration and production experience from major projects in Africa, Asia, Australia and South Am..
  • Barnes resigns from DRDGold Limited

    2013-10-04
    DRDGold Limited's Executive Director and Chief Financial Officer has resigned with effect from 1 January 2014.

    Barnes, B.Com (Hons), CA (SA), has been the Chief Financial Officer and Executive Director of DRDGold since May 2008. He has over ten years of experience and has served the Board of the Liberty Group as Head of Financi..
  • Pan African concludes wage negotiations

    2013-10-04
    Pan African Resources Plc has successfully concluded wage negotiations at its Barberton Mines located in Mpumalanga, South Africa.

    The company has entered into a two year agreement with the National Union of Mineworkers and the United Association o..
  • Anglo American Platinums Director resigns

    2013-10-04
    Anglo American Platinum Limited's Group Director, BR Beamish, has tendered his resignation from the Board of Directors of the company, with effect from 30 September 2013. 

    Beamish retires from his position as the companys Group Director of Mining and Technology, he was appointed to the position in October 2009. He is ..
  • Aureus Mining enters into an underwriting agreement

    2013-10-03
    Aureus Mining Incorporated has entered an underwriting agreement with GMP Securities L.P, Clarus Securities Incorporated, RBC Europe Limited and Numis Securities Limited. The agreement is to sell 3 900 000 common shares at 0.32 per share.

    The sale of the shares is a private placement offering with the aim of raising approximately ..
  • Bushveld Minerals issues new ordinary shares

    2013-10-03
    Bushveld Minerals Limited has issued and allotted equity to acquire shares in Lemur Resources Limited. 

    The company issued 9 574 924 new ordinary shares of 0.01 as consideration to acquire shares from Lemur Resources shareholders who have accepted Bushveld Minerals offer of three Bushveld Minerals shares for every five Le..
  • African Consolidated Resources confirms Pickstone Peerless Resource

    2013-10-03
    African Consolidated Resources Plc, through its consultants SRK Consulting, appointed Dr Ferdi Camisani, a former Chairman of SAMREC, to carry out an independent audit and review of the ExplorMine Consultants Resource estimation.

    Following discussion between SRK Consulting and Dr Camisani the mineral resource is reported to be in co..
  • Stratex International begins drilling Megenta

    2013-10-03
    Stratex International Plc is funding, operating and managing the drill programme that has recently commenced at the 49% owned Megenta gold project in Ethiopia.

    The drilling programme is part of an earn-back agreement with partner Thani Ashanti. As a result of this activity Stratex International will earn a majority stake (65%) of th..
  • Jubilee Platinum makes progress on its Tjate mining application

    2013-10-03
    Jubilee Platinum Plcs subsidiary, Tjate Platinum Corporation (Pty) Ltd, has received approval from the Department of Mineral Resources regarding its Mining Right Application for the Tjate Platinum Mine project, in South Africa. Tjate Platinum is currently engaged in talks with the Department of Miner..
  • African Energy Resources agrees to sell its Zambian uranium interests

    2013-10-02
    African Energy Resources Limited entered a Letter of Intent with Karoo Exploration Corporation to sell its Zambian uranium licenses to Karoo.

    The agreement is for a cash consideration of $2 000 000 and an equity package consisting of shares and shar..
  • Middle Island Resources acquisition agreement expires

    2013-10-02
    In July 2013, Middle Island Resources Limited announced its plan to acquire 100% of African GeoMin Mining Development Corporation Limited.

    African GeoMin, through a subsidiary, owns the Samira Hill gold mine in the Republic of Niger.

    The acquisition was subject to various condit..
  • Plymouth Minerals appoints a new Company Secretary

    2013-10-02
    Plymouth Minerals Limited has appointed Rob Orr as its new Company Secretary.

    Orr has over 20 years experience in public practice and commerce. He is a qualified Chartered Accountant who has held Chief Financial Officer and Company Secretary positions for a number of ASX listed companies.

    ..
  • Zyl updates on repayment process

    2013-10-02
    Zyl Limited has not yet made the repayment of the principal plus interest of the bridging facility granted to the company by Prestige Glory Limited.

    The full repayment was originally due by 31 September 2013 but negotiations between the two parties to extend the deadline continue.

  • Beacon Hill Resources updates its Reserve Statement

    2013-10-02
    Beacon Hill Resources Plc has announced the JORC Coal Reserve Statement for its Minas Moatize coking coal mine in Mozambique. 

    The company reports an economically viable mineable Reserve at Minas Moatize despite current coking and thermal coal prices. The project remains economically robust during downturns in the resources..
  • Continental Coal recieves approval to transfer prospecting right

    2013-10-02
    Continental Coal Limited has announced that the South African Department of Mineral Resources granted their consent for the transfer of the prospecting right required for the Vaalbank coal exploration project in South Africa.

    This exploration project consists of a 50:50 joint exploration program with Forzando Coal. Forzando has been..
  • Strategic Natural Resources receives payment for first shipment from its Elitheni mine

    2013-10-02
    Strategic Natural Resources Plc has received payment for the first shipment of coal from its Elitheni mine in South Africa. On the 2nd September 2013 the shipment left the Port of East London.

    The company's first shipment was of thermal coal. Based on forecasted
  • Tawana Resources defines additional mineralisation at Mofe Creek

    2013-10-02
    Tawana Resources NL has discovered high-grade itabirite mineralisation over a 2km strike at the Gofolo NE prospect. The mineralisation is 2.5km from the Gofolo main prospect; both of which are within the companys 100% Mofe Creek Iron Ore project in Liberia.

  • Anglo American South Africa concludes stand-alone silicosis claims

    2013-09-26
    Anglo American South Africa has agreed to the settlement of stand-alone silicosis claims that were instituted against it between 2004 and 2009.

    The settlement was achieved without Anglo America South Africa admitting any liability and the company continues to defend the class action proceedings. The terms of the agreement remain con..
  • Lemur Resources requests a trading halt

    2013-09-25
    Lemur Resources Limited requested that its securities be placed in a trading halt session state pending the release of an announcement by the company.

    Unless ASX decides otherwise the companys shares will not be traded until either the 27 Septem..
  • Kogi Iron establishes a new exploration target

    2013-09-25
    Kogi Iron Limited has updated its exploration target at its 100% owned Agbaja Project located in Nigeria.

    Through new geological information collected from resources definition and and explorations programmes that have been underway since 2011, t..
  • South East Asia Resources update on Tasmanian coal project acquisition

    2013-09-25
    South East Asia Resources Limited, through its wholly owned subsidiary, South East Asia Energy Resources Limited, has extended the expiry date of the option period granted to acquire Tiger Coal Pty Ltd and Energy Investments Pty Ltd until 30 November 2013.

    Technical and legal due diligence will be completed and the formal legal docu..
  • Sable Mining completes expansion exploration programme

    2013-09-25
    Sable Mining Africa Limited reports encouraging results from its expansion exploration programme that was recently completed at its Nimba iron ore project in Guinea.

    Results from 7 of the 48 completed diamond drill holes have been received and demonstrate high grade canga with the best grade being 62% iron over 36m.
  • Early start up for Randgold Resources Kibali gold project

    2013-09-25
    Randgold Resources has brought the Kibali gold mine into production early following significant upgrading of local infrastructure and a massive resettlement operation of more than 4 000 families to a new model village.

    The project, located in the Democrati..
  • Gold One and Goliath Gold receive final prospecting license from Pamodzi Gold

    2013-09-25
    Goliath Gold Mining Limited, in partnership with Gold One International Limited, has received the final prospecting license for the underground deposits and selected surface assets previously controlled by Pamodzi Gold East Rand Proprietary Limited.

    Goliath Gold and Gold One both entered into an Acquisition Agreement with the liquid..
  • Rockwell Diamonds recovers four rough diamonds greater than 100 carats

    2013-09-25
    Rockwell Diamonds Incorporated recovered two stones weighing 116 carats and 138 carats from the Saxendrift Extension pit. The two other stones, weighing 126 carat and 169 carat, were recovered from a mining area that has recently been opened up at the Saxendrift Hill Complex. The Saxendrift Hill Complex is located in the Middle Orange River area in
  • Wescoal Holdings updates on acquisition

    2013-09-25
    Wescoal Holdings Limited has given a further update regarding the acquisition of Coal Trading Business from Macphail by Wescoal Holdings subsidiary, Chandler.

    MacPhail shareholders have approved the disposal by special resolution and that the application to the Competition Authorities has been lodged.
  • IMX Resources enters into a joint venture with MMG Exploration

    2013-09-25
    IMX Resources Limited has agreed to a $60 million joint venture with MMG Exploration Holdings Limited for the pursuit of high grade mineralisation at the Nachingwea project in Tanzania.

    In accordance with the joint venture agreement, MMG Explorati..
  • Vantage Goldfields achieves 2 627 ounce gold production

    2013-09-23
    ASX listed company; Vantage Goldfields Limited has announced a gold output of 2 627 ounces for the month of August 2013.

    The high production output is attributed to the recent improvements in the layout at the companys Lily mine and the improved metallurgical recovery at Taylors mine, both located in
  • Central Rand Gold provides an operational update

    2013-09-19
    Central Rand Gold has managed to raise gross proceeds of US$7.25 million through the issue of Loan Notes, approved by shareholders, to its new Strategic Investor, Redstone Capital Limited. The funds will be used to finance the planned capacity and reliability upgrades to the metallurgical plant and also for general working capital purposes.

    &l..
  • COO of African Barrick Gold resigns

    2013-09-17
    African Barrick Gold Plc has announced the resignation of it Chief Operating Officer, Marco Zolezzi, effective immediately.

    Zolezzi had been with the company in his capacity as Chief Operating Officer since September 2010 and is now stepping down to pursue other interests.

    The c..
  • Aquarius Platinum advises of cost reduction initiatives

    2013-09-16
    Aquarius Platinum Limited has advised shareholders of a range of initiatives that will be undertaken by the company with the aim of reducing operating costs and conserving cash resources in the face of the difficult operating environment. 

    Non-Executive Directors of the company have agreed on a 10% reduction in directors fe..
  • Vedanta Resources appoints new chairman

    2013-09-16
    Vedanta Resources Plc has announced the appointment of Tom Albanese as Chairman of Vendatas subsidiary, Vedanta Resources Holdings Ltd.

    Albanese will be actively involved in developing the company's strategy, policies and growth objectives. He is a former Chief Executive Officer and Board Bember of the Rio Tinto Group. Albanes..
  • Gold One signs a two-year pay offer

    2013-09-13
    Gold One International Limited has signed a two-year wage agreement with the National Union of Mineworkers (NUM) and United Association of South Africa (UASA) in respect of the companys Cooke Underground and Randfontein Surface Operations.

    As stipulated in the agreement, wages will increase during the first year by 8% for Categ..
  • Edenville Energy partners with RAFCOGROUP

    2013-09-13
    Edenville Energy Plc has engaged with RAFCOGROUP with the aim of working together to identify strategic partners and investors for the Rukwa Coal Project.

    RAFCO is a privately owned Investment and Management Consulting company that specializes in the East African Mining and Energy markets.

  • IMX Resources reports results from Ntaka Hill

    2013-09-12
    IMX Resources Limited has released results pertaining to the first round of assays carried out at its Ntaka Hill Nickel sulphide project in Tanzania.

    The company reports intersects of significant low grade disseminated mineralisation in the majori..
  • African Eagle releases interim results

    2013-09-12
    African Eagle Resources Plc has released its interim results for the six months ended 30 June 2013.

    The companys Board of Directors decided on progressing three initiatives in early 2013. These were to continue seeking a purchaser for the Dutwa assets, to recover any value possible from the Miyabi JV and other non-Dutwa assets and ..
  • Bauba Platinum updates resource estimate

    2013-09-12

    Bauba Platinum Limited has released the updated resources estimate for its platinum group metals prospects located in the Bushveld Igneous Complex in South Africa.


    The..

  • Village Main Reef reaches settlement

    2013-09-11
    Village Main Reef Limited has reached a settlement with the National Union of Mineworkers (NUM) in respect of the Tau Lekoa mine in South Africa.

    Part of the settlement agreement is an increase of 8% in the basic wage for category 4 and 5 employee..
  • Lonmin Plc makes directorate change

    2013-09-11
    Lonmin Plc has announced the appointment of two Non-Executive Directors, Gary Nagle and Paul Smith, effective immediately.

    Nagle joined Glencore in 2000 working in the coal department in Switzerland, where he managed Glencores coal assets worldwide. He was Chief Executive Officer of Prodeco from December 2007 until April 2013 and h..
  • Central Rand Gold finalises transfer to AltX

    2013-09-10
    Central Rand Gold Limited has finalised the transfer of its securities from trading on the JSE Main Board to trading on the AltX Board.

    The company is also in the process of having its listing on the LSE cancelled in order to begin trading its ordinary shares on the AIM exchange.

  • Predictive Discovery undertakes a $1.2 million share placement

    2013-09-10
    Predictive Discovery Limited has announced its share placement scheme of up to 63 157 895 shares at 1.9 cents each to raise a total of $1.2 million.

    The placement has been strongly supported by existing shareholders as well as the companys Board. The company reports to have already received firm commitments of over $1.1 million.<..
  • Kogi Iron simplifies beneficiation process

    2013-09-10
    Kogi Iron Limited has announced the identification of a simpler beneficiation process for its Agbaja Iron Ore Project located in Nigeria.

    The project will be utilizing the simple wet low intensity magnetic separation (LIMS) method to produce a sa..
  • African Mining acquires Matilda Minerals

    2013-09-10

    AIM listed exploration company, African Mining and Exploration Plc, has entered into an agreement to acquire an 80% interest in Matilda Minerals Limitada.


    Matilda Minerals is a privately owned heavy mineral sands explorer and holds the highly prospective 180km..

  • Edenville Energy releases scoping study results

    2013-09-10
    Edenville Energy Plc has announced the results of the scoping study it commissioned on its Rukwa Coal Project, located in south-western Tanzania.

    The scoping study was developed to explore the viability of a small open pit mining operation. The re..
  • Harmony Gold Minings operations return to normal

    2013-09-10
    Harmony Gold Mining Company Limited reports that all of its mines have returned to normal following the industrial action that took place this week.

    Members of the National Union of Mineworkers went on strike on the evening of 3 September 2013 and returned to work for the night shift on 8 September 2013.
  • West Peak Iron releases an exploration update

    2013-09-09
    West Peak identifies new target areas at its Bomi South and Bobo Creek Projects in Liberia.

    The western side of the Bomi South project has demonstrated the potential for blind DSO magnetite deposits with high grade chip samples and iron grades es..
  • Pan African concludes Evander Gold Mine wage negotiations

    2013-09-09
    Pan African Plc has announced the successful conclusion of wage negotiations which were underway at its Evander Gold Mines Limited operations.

    The company along with the Chamber of Mines concluded a two year agreement with the National Union of Mineworkers and the United Association of South Africa regarding wages and other employme..
  • Tawana provides an update from its Mofe Creek project

    2013-09-06
    Tawana Resources NL has received the Environmental Permit from the Environmental Protection Agency of Liberia, regarding the companys upcoming exploration drill program at its Mofe Creek iron ore project.

    The company reports the construction of the drill access to the high grade Zaway target area as being currently underway. A mu..
  • Sibanye Gold prepares for industry wide strike

    2013-09-06
    Shareholders of Sibanye Gold Limited are advised of the notice given by the National Union of Mineworkers (NUM) regarding an industry wide strike.

    The strike is set to commence with the night shift. The industrial action follows after the parties were not able to reach an agreement at the Chamber of Mines of South Africas gold sect..
  • Rumble Resources fully funded to begin exploration programmes

    2013-09-05
    Rumble Resources Limited can commence exploration programmes at its Burkino Faso and other operations following the recently competed, successful shortfall placement.

    The shortfall amounted to 20 142 794 shares, following the closing of the original 24 107 052 share Entitlement Issue of which only 3 964 258 shares were subscribed to..
  • Gold Ones operations normalise

    2013-09-05
    On 30 August 2013, Gold One InterationalInternational Limited was advised, by the National Union of Mineworkers, of the industrial action planned to commence, on 3 September 2013.

    The strike action affected the companys Cooke 1-3 underground and Randfontein Surface Operations and followed after the parties were unable to..
  • Wits Gold receives approval for acquisition

    2013-09-04
    Witwatersrand Consolidated Gold Resources Limited has received approval from the Competition Commission regarding its proposed acquisition of Southgold Exploration Proprietary Limited.

    The company continues to progress the finalisation of the Proposed Transaction which is subject to certain conditions, including but not limited to r..
  • Update on Rockwell Diamonds Middle Orange River operations

    2013-09-04
    Rockwell Diamonds Incorporated is currently in the process of executing its core strategy to increase the production at its Middle Orange River operations, in South Africa, to 500 000m per month.

    The companys aim is to improve earnings through t..
  • Central Rand Gold provides an update on its proposed funding

    2013-09-04
    Central Rand Gold Limited has released an update regarding the proposed Loan Note investment to raise gross proceeds of US$7.25 million.

    The company entered into a conditional agreement to raise the gross proceeds through the issue of Loan Notes to Redstone Capital. The agreement was subject to shareholders approval and all resolut..
  • Sula Iron & Golds Sierra Leone project shows significant iron prospectivity

    2013-09-04
    Sula Iron & Gold Plc has announced the completion of its 2,000m drilling programme at its wholly owned, 153 sq km, Blue Horizon license.

    The area is located in the northern part of the Sula-Kangari Greenstone Belt in Sierra Leone and drilling results have confirmed a significant iron resource.
  • Firestone Energy signs loan agreement with Waterberg Coal Company

    2013-09-03
    Major shareholder, Waterberg Coal Company Limited, has agreed to provide Firestone Energy Limited with a loan of up to $3 million to be put toward the Waterberg coal project financing obligations.

    The terms and conditions of the loan stipulate that the funding is to be used solely for the purpose of financing and other related expen..
  • Bushveld Minerals increases its interest in Lemur Resources

    2013-09-03
    Bushveld Minerals Limited has increased its stake in Lemur Resources Limited to 44.33%.

    The increase from 16.77% to 44.33% is due to the acceptance by Lemur Resources shareholders, whose 27.27% total shareholding was released from escrow on 24 August 2013.

    The company has announ..
  • Ncondezi Energy receives a concession

    2013-09-03
    Ncondezi Energy Limiteds wholly owned subsidiary, Ncondezi Coal Company Mozambique Limited, has been granted a Mining Concession for its integrated thermal coal mine and power plant project.

    The concession was granted by the Mozambican Ministry of Mineral Resources ("MIREM"), whereby Ncondezi Energy holds the exclusive ri..
  • Harmony Golds Board approves the granting of financial assistance

    2013-09-03
    The Board of Directors of Harmony Gold Mining Company Limited has given approval for the company to provide up to R1.4 billion in financial assistance.

    The financial assistance can be provided to any one or more related or inter-related companies or corporations or any one or more juristic persons who are members thereof. &..
  • Keaton Energy makes an acquisition offer to Xceed Resources

    2013-09-03
    Keaton Energy Holdings Limited has made a cash offer of AUD 0.14 per share to acquire the entire issued share capital of Xceed Resources Limited.

    The parties have engaged in a scheme implementation deed dated 23 August 2013 which outlines the scheme of arrangement through which the offer will be carried out. Following the conclusion..
  • Blackthorn Resources completes pre-feasibility study

    2013-09-02
    Blackthorn Resources has released an update regarding its Mumbwa project in Zambia

    The prefeasibility study conducted on the Kitumba project is currently in the process of being completed, summary results of which will be announced once..
  • African Mining & Exploration sells West African subsidiary

    2013-08-28
    African Mining & Exploration Plc has disposed of its subsidiary, AME West Africa Ltd, to AIM listed Alecto Minerals Plc.

    The subsidiary was sold for a consideration of 1.25m in new Alecto Minerals shares at 1.15 pence per share. AME West Africa holds, through its subsidiary Caracal Gold Mali SARL, six prospective exploratio..
  • Sierra Rutile secures $20m working capital facility

    2013-08-28
    ASX listed Sierra Rutile Limited has secured a working capital facility to the value of $20 million with Nedbank Limited.

    This comes after all conditions precedent to the conclusion of the facility was satisfied. The funds are now available to be drawn.

    Sierra Rutile is an indus..
  • AngloGold Ashanti takes precautions against volatile gold market

    2013-08-28
    AngloGold Ashanti Limited has reached an agreement with its two banking syndicates to temporarily relax its credit commitments, in an attempt to hedge the company against a volatile gold market.

    The company has received consent from the banking syndicates to loosen the net debt to the rolling twelve month EBITDA covenant from a rati..
  • Resource Generation increases its stake in Waterberg One Coal

    2013-08-28
    Resource Generation Limited has begun actions to increase its 70% stake in Waterberg One Coal (Pty) Ltd. 

    At present 70% of Waterberg One Coal shares are held by Resource Generation while the remaining 30% are held by Lukale Mining Company (Pty) Ltd. Lukale Mining is selling its stake which will be split between Resource Ge..
  • Sibanye Gold acquires Gold One Internationals Cooke operations

    2013-08-28
    Sibanye Gold Limited has announced the acquisition of Gold One Internationals Cooke surface operations.

    Sibanye Gold will acquire a 14% shareholding in the Gold One Groups claims against Newshelf 1114 (Pty) Ltd for a consideration of approximately 150 000 000 new Sibanye Gold ordinary shares. The company will also introduce the Ch..
  • Magnum Gas & Power updates on drilling progress

    2013-08-27
    Magnum Gas & Power Limited has given an update on its Botswana Coal Bed Methane (CBM) exploration programme.

    The company reports successful completion of the exploration well pre-collaring operations and the commencement of the coring operations.

    Through the drilling pro..
  • West African Resources completes placement

    2013-08-27
    ASX listed company; West African Resources has announced the completion of a 10% placement, raising $3 million by issuing 20 million ordinary shares at 15 cents each.

    The funds from the placement will be used to accelerate resource definition drilling at the companys high-grade Moktedu project in Burkina Faso and on the adjacent 1 ..
  • Anglo American Platinum concludes restructuring consultation process

    2013-08-26
    Anglo American Platinum Limited has concluded its restructuring consultation with the Department of Mineral Resources and the recognised unions. 

    The consultation process aimed to determine how the company will reduce costs and reconfigure marginal operations to return the company to profitability. The process was overseen ..
  • Gold One declares its Cooke 4 shaft mineral resource

    2013-08-26
    Through extensive review of existing historical geological and grade information, Gold One International Limited has defined the mineral resource estimates for its Cooke 4 shaft in South Africa.
  • African Minerals appoints new Chief Financial Officer

    2013-08-26
    African Minerals Limited has announced that out-going CFO, Miguel Perry, will be replaced by Matthew Hird with effect from 1 October 2013.

    Perry has resigned from his position as Chief Financial Officer and Executive Director of the company for personal reasons. He served the company in his capacity as CFO since October 2010.&nb..
  • Globe Mining and Metals releases test work results

    2013-08-26
    Globe Mining and Metals has released encouraging results for the optimization test work on the Kanyika Engineering study.

    The company reports improved flotation results that enhance the Kanyika project commercialization process. The companys smelting concentrate has demonstrated a marketable ferroalloy, with the demonstration plant..
  • Intra Energys acquisition by Tancoal

    2013-08-26
    Intra Energy Corporation Limited, through its 70% owned subsidiary Tancoal Energy Limited, has announced the acquisition of a prospecting license PL 8999/2013 within the Ngaka Coalfield.

    The license is located adjacent to the Mbuyura Mkapa coal deposit, currently being mined by Tancoal Energy within the Ngaka Mine. It covers an area..
  • Gold Fields reports Q2 loss

    2013-08-23
    South African gold producer, Gold Fields Limited, attributed its Q2 2013 net loss to lower gold prices and impairments of their assets in Ghana.

    The company announced a net loss from continuing operations of $129 million compared to the earnings o..
  • Jubilee Platinum issues shares to advance Platinum Australia acquisition

    2013-08-21
    AIM and JSE listed platinum miner, Jubilee Platinum Plc, is set to issue approximately 1.4 million ordinary shares to YA Global Master SPV Ltd.

    The shares will be issued at 1 pence per share amounting to a total consideration of 72 633. The shares are expected to be admitted for trading on the AIM and JSE by 21 August 2013.
  • Anglo American Update on restructuring plans

    2013-08-20
    Anglo American Platinum Limited has announced the conclusion of consultations with key stakeholders and unions on the plans to restructure its business.

    Following the consultation with key stakeholders; the Department of Mineral Resources and recognised unions; the Company will be proceeding with the implementation of baseline produ..
  • Tlou Energy suspends Botswana drilling programme

    2013-08-20
    Coal Bed Methane and gas explorer, Tlou Energy Limited, have suspended their current drilling operations through the Morupule formation coal stream in Botswana.

    This comes after the company encountered persistent down-hole drilling motor problems during their operations. The company has so far intersected good quality coal along the..
  • IMX Resources doubles resource grade at Ntaka Hill

    2013-08-20
    Dual listed iron ore and base metals miner, IMX Resources Limited, has upgraded its global mineral resource estimate for its Ntaka Hill Nickel Sulphide project in Tanzania.

    The company has reported an increase in Inferred Resource category grade, ..
  • DiamondCorp updates on Lace Mine operations

    2013-08-20
    The Lace Mine of DiamondCorp Plc located in the Free State province of South Africa has made significant developments relating to project finance in the 14 level block cave development.

    The company reports a successful drawn down the first tranche of the R220 million project finance facility from the Industrial Development Corporati..
  • Lonmin and AMCU sign an employee recognition agreement

    2013-08-19
    Lonmin Plc has signed an employee recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

    The signing of the agreement means that AMCU will now be recognised as the majority union at Lonmin, and acknowledges the rights and obligations which accompany that status in South African labour law.
  • African Minerals appoints new CEO

    2013-08-19
    African Minerals Limited has announced the resignation of Keith Calder as Chief Executive Officer of the company.

    The board would like to thank Calder for his management, guidance and contribution to the Company's transformation over the last twelve months.

    Current Director..
  • TPL Corporation set to acquire chrome interests in Zimbabwe

    2013-08-19
    TPL Corporation Limited has entered into a heads agreement with Farvic Consolidated Mines (PVT) Limited (Farvic).

    Under the agreement, TPL Corporation will obtain an option to subscribe for a 70% equity interest in the chrome mining company, African Chrome Fields (Pvt) Limited, and processing plant; Fanshawe Mining Services (Pvt) Li..
  • Bhp Billiton updates on Investigations

    2013-08-16
    BHP Billiton has provided an update on continuing regulatory investigations conducted by the US Securities and Exchange Commission (SEC).

    The group started an internal investigation in August 2009 and has now disclosed evidence that it uncovered, to relevant authorities, regarding possible violations of applicable anti-corruption la..
  • Harmony Gold repositions its future prospects following Q4 results

    2013-08-15
    Harmony Gold Mining Company Limited has repositioned itself for the future through several cost-cutting and operational improvements, following the release of its Q4 and year end results.

    The company reported its best annual Lost Time Injury Frequency Rate to date, demonstrating a significant improvement in safety measures. Quarter-..
  • A new consolidated gold portfolio for Kibo Mining

    2013-08-14
    Kibo Mining Plc has announced the completion of phase 1 of the company's consolidation strategy for its tenement portfolio in Lake Victoria, Tanzania.

    The new Consolidated Lake Victoria Gold Exploration Portfolio includes two brownfield explo..
  • African Eagle Resources receives approval for disposal

    2013-08-14
    African Eagle Resources Plc has announced the completion of the disposal of a substantial portion of its subsidiaries, assets and liabilities to Blackdown Resources (UK) Limited.

    The Ministry of Energy and Minerals in Tanzania advised that its con..
  • Village Main Reef restructures its Board of Directors

    2013-08-13
    Village Main Reef Limited has made changes to the Board, with effect from 8 August 2013.

    The companys previous Chief Executive Officer, Bernard Swanepoel, will be replacing Non-Executive Chairman of the Board, Roy Pitchford, who has tendered his resignation.

  • Universal Coal remains on track with first drawdown facility

    2013-08-13
    Universal Coal Plc has announced the successful completion of the first drawdown of its R300 million Kangala Project Finance Facility with Rand Merchant Bank.

    The facility will allow Universal Coal to remain on track with its six month timeline to commence their Kangala
  • Sierra Rutile reduces capital costs

    2013-08-13
    Sierra Rutile Limited has reduced capital costs by over 17% at its Gangama Dry Mining project.

    This reduction was a result of a recently completed value-optimisation and re-costing exercise for the projects feasibility study.

    The re-costing exercise focused on integration of up..
  • Botswana Diamonds enters into a joint venture

    2013-08-13
    Diamond exploration and project development company, Botswana Diamonds Plc, has announced its joint venture agreement with Siseko Minerals (Pty) Ltd.

    The joint venture is regarding the 13 license Brightstone block in the Gope area of Botswana, covering an area of 6,518 square kilometres.

    &..
  • AngloGold Ashantis new CEO plans to slash $482m off corporate costs

    2013-08-12
    AngloGold Ashanti Limiteds new Chief Executive Officer, Srinivasan Venkatakrishnan (Venkat), is set to further shake things up following a solid Q2 performance by the company.

    Appointed in May 2013, Venkat is aiming to cut corporate costs by more than half from 2012 levels by 2014. The plans also include narrowing the focus on its ..
  • Global Renewable Energy acquires shares in Jubilee Platinums subsidiaries

    2013-08-12
    Shareholders are advised that the Sale of Shares Agreement between Jubilee Platinum and Global Renewal Energy Limited has been concluded.

    Global Renewal Energy has agreed to acquire the issued share capital of Jubilee Platinums wholly owned subsidi..
  • Gold One updates on Pamodzi Gold acquisition

    2013-08-12
    Gold One International Limited and Goliath Gold Mining Limited's acquisition agreement applications to purchase the underground deposits and selected surface assets of Pamodzi Gold East Rand (Pty) Limited have been granted.

    Gold One and Goliath have entered into a ZAR 70 million acquisition agreement to purchase the underground..
  • Merafe Resources revenue up 19% in H1 2013

    2013-08-12
    Merafe Resources Limited reports an increase in production and revenue of 23% and 19%, respectively, for the six month period ended 30 June 2013.

    However, the company experienced a decrease in EBITDA from R263million for H1 2012 to R210 million for H1 2013. Headline Earnings per Share also decreased to 3.8 cents in this period from ..
  • Barrick Gold reports a net loss of $8.56 billion

    2013-08-06
    TSX listed gold mining company, Barrick Gold Corporation, has released its second quarter 2013 results.

    The company reports after-tax impairment charges of around $8.7 billion which were largely driven by recent declines in metal prices. Budgeted capital and costs were reduced by approximately $1.5 billion during Q2 and $2.0 billion..
  • Roxgold closes $10.25 million deal

    2013-08-06
    Roxgold Incorporated has announced the closing of a $10.25 million bought deal private placement of 25 625 000 common shares at a price of $0.40 per share.

    The deal was made through a syndicate of underwriters who received a commission equal to 5.0% of the gross proceeds of the offering.

    &..
  • Paladin Energy successfully raises AUD88 million

    2013-08-06
    Paladin Energy Limited has successfully raised AUD88 million following a private placement to institutional investors and accredited investors of 125.6 million ordinary shares.

    The placement, priced at AUD0.70 per share, comes after the company decided to postpone the sale of their Lager Heinrich uranium mine in
  • Sula Iron & Golds Chairman resigns

    2013-08-06
    Sula Iron & Gold Plc has announced the resignation of its Chairman of the Board, Brian Moritz.

    The Board wishes Moritz well for his future endeavours and thanks him for his service to the company.

    Sula Iron & Gold Plc is an iron ore and
  • Continental Coal achieves overhead cost reduction goals

    2013-08-06
    Dual-listed coal exploration and development company, Continental Coal Limited, reports that it is continuing in its efforts to bring down its overhead costs.

    The company has already achieved a 54% decrease in its administration costs, a 44% decre..
  • Lucapa sells $3.12 million worth of diamonds

    2013-08-05
    Lucapa Diamond Company has sold a parcel of diamonds weighing 496.2 carats from the companys Lulo Diamond Concession in Angola. 

    Gross proceeds for the diamonds totaled $3.12 million and net proceeds amounted to $2.7 million.The $2.7 million, expected to be paid in full within two weeks, will enable Lucapa to immediately r..
  • Bushveld Minerals update on takeover bid

    2013-08-05
    Bushveld Minerals Limited has announced the intention of Lemur Resources Limiteds major shareholders to accept its takeover offer.

    These shareholders represent 27.27% of Lemur's issued shares. Upon acceptance of the offer, and in combination with Bushveld's existing 14.57%, this combined interest will increase to 41.84%.&..
  • Palabora updates on Rio/Anglo divestment and Director change

    2013-08-05
    Following the conclusion of the Rio/Anglo divestment, Shareholders are advised that the Rio Tinto and Anglo American Divestment was implemented on 31 July 2013.

    The divestment implementation has resulted in the Consortium acquiring 74.5% of the issued share capital of the Company, directly and indirectly.
  • Stonewall Resources discovers new potential gold reefs

    2013-08-05
    Stonewall Resources Limited has reported the discovery of new potential gold reefs at its Transvaal Gold Mining Estates surface drilling exploration project in South Africa.

    The company believes its discovery to hold significant economic value, po..
  • Gold One achieves record quarterly production

    2013-08-02
    Dual listed gold miner, Gold One International Limited, has announced positive results in its June 2013 quarterly report. 

    The companys Modder East gold mine in South Africa continued to produce robust results despite the sharp decline in th..
  • Jubilee Platinum secures $10.5m funding from Macquarie Bank

    2013-08-02
    Jubilee Platinum has signed a Memorandum of Understanding (MoU) with Macquarie Bank Limited for a $10.5 million debt facility to be put towards the acquisition of Platinum Australia Limited.

    Jubilee Platinum and Platinum Australia have agreed that Platinum Australia shareholders will receive one Jubilee Platinum share for approximat..
  • Tawana Resources executes underwriting agreement

    2013-08-02
    Tawana Resources NL has concluded an Underwriting Agreement with Canaccord Genuity (Australia) Limited for 50 million options. The options have a strike price of $0.01 and expire on 30 July 2013.

    Canaccord Genuity will receive an underwriting fee of 5% on the total underwritten amount.

    <..
  • Palabora releases a Rio/Anglo divestment and trading update

    2013-08-02
    According to Palabora Mining Company Limiteds trading statement for the six month period ended 30 June 2013, the company has seen significant increases in its financial results. 

    The company reports a 32% increase in its EBITDA, rising from R747 million in the comparative period of 2012 to R983 million for the six months e..
  • Beacon Hill releases Q2 results

    2013-08-01
    Beacon Hill Resources Plc has released its quarterly activities report for the period ended 30 June 2013.

    The company reports the completion of the phase 2A wash plant upgrade, with the production of the first low volatile premium hard coking coal and export quality thermal coal product from Minas Moatize in Mozambique and progressi..
  • Rio-Tintos underground mine development delayed

    2013-08-01
    ASX/LSE listed company, Rio-Tinto Plc, has advised of the delay for the underground mine development at its Oyu Tolgoi operations in Mongolia.

    The project secured provisional financing, which is subject to the approval of the Mongolian Parliament thats currently in summer recess.

  • Gem Diamonds releases H1 trading statement

    2013-07-31
    Gem Diamonds Limited has released its trading statement for the half year period 1 January to 30 June 2013.

    The company reports the installation of four cone crushers in Letseng's Plants 1 and 2, in Lesotho, was completed on time and on budget. During the period the company recovered 3 diamonds each over 100 carats in size and ..
  • Village Main Reef suspends financial assistance

    2013-07-31
    Village Main Reef Limited has suspended financial assistance to Blyvooruitzicht Gold Mining Company Limited.

    Village Main Reef assumed operational control of Blyvooruitzicht GM in June 2012 and invested some R190 million to sustain operations. Blyvooruitzicht GM incurred a loss of R88 million for the three month period ended 30 June..
  • PMI Gold set to resume drilling at its Obotan gold project

    2013-07-30
    Gold exploration and development company, PMI Gold Corporation, will resume drilling at its 100% owned Obotan Gold project in Ghana within this quarter.

    Drilling will be carried out on the Dynamite Hill deposit which was discovered earlier this ye..
  • Chrysalis Resources makes changes to the Board

    2013-07-29
    Chrysalis Resources Limited has announced the appointment of Michael Griffiths to the companys Board of Directors.

    This follows the resignation of Brad Marwood from his position as Non-Executive Director due to his commitment as Managing Director of Tiger ..
  • Anglo American reshuffles senior management as H1 profits drop

    2013-07-29
    Diversified miner, Anglo American Plc, has announced several changes to its senior management as well as its interim results for the six months ended 30 June 2013. 

    The group has condensed its ten current business units into six, stating that the changes were made in order to manage the groups businesses more effectively a..
  • Randgold Resources on track for first gold pour in DRC

    2013-07-25
    Randgold Resources Limited has announced its preparation to pour first gold at its Kibali gold project in the Democratic Republic of Congo.

    The company reports on..
  • Kogi Iron receives positive metallurgical test results

    2013-07-25
    Iron ore exploration and development company, Kogi Iron Limited has released the results of metallurgical testwork that was conducted at its 100% owned Agbaja iron project in Nigeria.

    Diamond drill core samples taken returned
  • Universal Coal signs off-take agreement

    2013-07-25

    Universal Coal Plc has signed an export coal sales agreement with Exxaro Coal (Pty) Ltd through its Kangala mine located in Witbank, South Africa.


    Universal Coal has finalis..

  • African Eagles' resolutions get approved

    2013-07-25
    African Eagle Resources Plc has released the results of its General Meeting announcing the approval of their proposed disposal and investing policy.

    The company confirms that a 90% interest in a company that holds substantially all of its nickel assets and businesses in
  • Village Main Reef resumes production

    2013-07-25

    Village Main Reef Limited has resumed production at its Consolidated Murchison antimony/gold mine located in the Limpopo Province, South Africa..

  • ZCI CEO satisfied with continuing improvements at African Copper

    2013-07-24
    The Chief Executive Officer of ZCI Limited, Tom Kamwendo has stated how pleased he is at the continuous improvements in production at African Copper Plc, the groups main asset.

    African Copper Plc reported a 5% increase in ore processing during the first quarter compared to the corresponding period of the previous year. This increas..
  • Sibanye Gold releases trading statement

    2013-07-23
    JSE listed, gold explorer and producer, Sibanye Gold Limited, has released its trading statement for the six month period ended 30 June 2013.

    The company expects, with reasonable certainty, that Headline earnings will be between 110 cents and 130 cents per share for the next six month period ended 30 June 2013.
  • African Mining & Exploration to expand targets following 0.5m investment

    2013-07-23
    AIM listed minerals exploration and development company, African Mining & Exploration, has announced a 0.5m capital raising by newly appointed Director, David Archer.

     Archer, who has also been appointed Technical Project Leader, made the equity investment in the company allowing the company to focus on the acquisi..
  • Village Main Reefs sit-in terminated

    2013-07-22
    Village Main Reef Limited has confirmed that the sit-in at its Consolidated Murch mine in the Limpopo province has been terminated.

    The sit-in began on 10 July 2013 by employees who refused to return the surface and remained in the mines Monarch Decline Shaft. The call to terminate was made jointly by management, the office of the ..
  • Bushveld Minerals takeover bid update

    2013-07-22
    Bushveld Minerals Limited, a mineral development company focused on iron and tin projects in Southern Africa, has provided an update in relation to its off the market take-over offer for Lemur Resources Limited.

    The companys holding in Lemur Resources increased to 14.30% following acceptances of the Company's takeover bid for ..
  • Amara Mining receives mining license for Sega project

    2013-07-19
    West African focused gold mining company, Amara Mining Plc, has been granted the mining license for its Sega gold project in Burkina Faso.

    Having been granted the mining license, the company has significantly de-risked its plans to integrate the ..
  • Kibo Mining forms strategic partnership with Korean power company

    2013-07-18
    Tanzanian focused mineral explorer and developer, Kibo Mining Limited, has signed a Memorandum of Understanding (MoU) with Korean power company, Korean East-West Power Co. Ltd.

    The MoU relates to the Rukwa coal project in Tanzania, which Kibo Mining is currently developing. Korean East-West has now been included as a strategic partn..
  • Kibaran Resources signs MoU with graphite trader

    2013-07-18
    Kibaran Resources Limited has signed a Memorandum of Understanding (MoU) with a large European Graphite Trader (EGT) for the sale of its graphite produce from the companys Epanko deposit in Tanzania.

    The non-binding MoU sets out the proposal by t..
  • Birimian Gold discovers high tenor gold anomalies in Mali

    2013-07-18
    Birimian Gold Limited has announced the discovery of multiple new high tenor gold anomalies over a 4km strike along trend from the Ntiola Lode at its Massigui project in Mali.

    The company has received the results of the shallow reconnaissance dril..
  • Apollos JV company awarded exploration licence in Ivory Coast

    2013-07-18
    Apollo Consolidated Limited has announced that its Joint Venture (JV) company has been awarded a title to an exploration licence at Apollo Consolidateds Seguela project in Ivory Coast.

    The Seguela project is the companys priority gold exploration property. No previous drilling has been done in the area but it is considered to have..
  • Exxaro partners with GDF SUEZ to develop a coal-fired power plant

    2013-07-16
    Diversified mining group Exxaro Resources Limited has completed a project development agreement with Frances GDF SUEZ, for the development of a 600MW coal-fired power plant in South Africa

    The power station will be built in the Waterbe..
  • Lonmin provides an update on its union recognition and court application

    2013-07-16
    Lonmin Plc has released an update on the conclusion of the court case regarding the union recognition issue.

    Following the court application bought in by the National Union of Mine workers (NUM) to suspend the 90 day notice period for the derecognition of NUM as the largest union at Lonmin, the company has advised that NUMs applica..
  • Prospect Resources acquires 70% stake in Zimbabwean gold company

    2013-07-15
    Prospect Resources has announced that its 100% owned subsidiary, Prospect Resources UK, has acquired 70% of the issued share capital of Hawkmoth Mining and Exploration (Pty) Ltd.

    Hawkmoth Mining and Exploration has, itself acquired 100% of Coldawn Investments (Pty) Ltd which owns 100% of the Penhalonga
  • AMCU replaces NUM at Sibanye Golds Driefontein operations

    2013-07-15
    Sibanye Gold Limited has recognized the Association of Mineworkers and Construction Union (AMCU) as the majority labour union at the companys Driefontein operations in South Africa.

    AMCU replaces the National Union of Mineworkers (NUM) as the majority union, and has reached an agreement with Sibanye Gold consistent with the previou..
  • Gold Fields on track to achieve annual production targets

    2013-07-12
    Gold producer, Gold Fields Limited, remains positive that they are on track to achieve 2013 annual production guidance for Q2 2013.

    Group production for the quarter is expected to be 451 000 ounces of gold, with cash costs and notional cash expenditu..
  • Wits Gold gets green light for Southgold acquisition

    2013-07-12
    JSE listed Witwatersrand Consolidated Gold Limited (Wits Gold) has been given the go ahead for the acquisition of Southgold Exploration (Pty) Ltd.

    This follows the approval of the companys proposed plan for the Southgold operations during a Business Rescue Meeting held on Thursday, 11 July 2013. Wits Gold will now proceed towards f..
  • Falling gold prices call for intensified government-stakeholder union

    2013-07-11

    Randgold Resources Plc Chief Executive, Mark Bristow, has highlighted the need for intensified partnerships between mining companies and the governments of mineral-rich countries.


    Following the recent ailing

  • Jubilee Platinum issues additional shares

    2013-07-10
    Jubilee Platinum Limited has announced that it is issuing 1,192,191 additional ordinary shares for a consideration of 1 pence each to YA Global Master Spv Limited.

    This issue of equity is in accordance with the SEDA advanced notice dated 3 July 2013 for an amount of 70 163.

    The..
  • Republic Gold sells Liongold shares

    2013-07-09
    Republic Gold Limited has disposed of its remaining shares in Singapore listed Liongold Corp.

    The remaining shares  were sold at an average price of AUD1.1 1 per share, amounting to  net proceeds of approximatelyAUD 2.14 million for the company.

    The net amount ..
  • Predictive Discovery acquires new prospective ground in Cte dIvoire

    2013-07-08
    West African focused gold explorer, Predictive Discovery Limited, has acquired new prospective ground for its Cte dIvoire portfolio.

    The company had been using its Predictore technology, successfully applied in Burkino Faso, for the past two ye..
  • Lonmin provides an update on Union recognition

    2013-07-08
    Lonmin plc updates on the union recognition developments and the wider industrial relations at its Marikana operations.

    The company advises that the National Union of Mine workers have brought in a court application set down for 10 July 2013.

    Lonmin has publicly released filed d..
  • Continental Coal announces intentions to list on the JSE

    2013-07-08
    Continental Coal Limited has announced its intention to seek admission of its shares on the main board of the Johannesburg Stock Exchange by Q4 of 2013.

    The company proposed the listing as a key strategic initiative to enhance its growth prospects, to facilitate investment by African domiciled investors and to extent stakeholder rel..
  • Firestone Energy appoints new Chief Executive Officer

    2013-07-08
    Firestone Energy Limited has announced the appointment of Mr Stephen Miller as the companys new Chief Executive Officer following the retirement of Mr David Knox, effective immediately.

    With the Waterberg Coal Project Joint Venture underway, Mr Millers experience in the financing and development of large scale projects will have a..
  • Giyani Gold lists on the Namibian Stock Exchange

    2013-07-08
    Giyani Gold Corp has officially listed on the Alternative Investment Board (AIX) of the Namibian Stock Exchange (NSX) as of 5 July 2013 under the symbol GGC.

    The AIX is the second largest Exchange in Africa by market capitalisation and is a new Board to the NSX to facilitate listings with a no local asset status in Namibia. The comp..
  • Australian Mines divests to focus on African projects

    2013-07-04
    African focused explorer, Australian Mines Limited, has confirmed the receipt of the final payment amounting to $2.7 million for the sale of its Mt Martin gold project.

    The project which is located in Australia was sold to HBJ Minerals (Pty) Ltd, a s..
  • Sierra Rutile updates on Q2 operations

    2013-07-04
    Sierra Rutile Limited has provided an update on its operational results for the second quarter of 2013.

    The company reports production to be in budget and on track to deliver an estimated full year production of 125, 000 tonnes.

    Production for rutile amounted to 26,898 tonnes fo..
  • Independent Experts opinion for Infrasors shareholders

    2013-07-04
    The Independent Board of Directors of Infrasors Holdings Limited have considered the proposed terms and conditions of the Revised Offer made by Afrimat Limited to the companys minority shareholders.

    Following the original offer by Afrimat to acquire the ordinary shares held by the remaining Infrasors shareholders for a consideratio..
  • Avocet intercepts significant gold mineralisation in Guinea

    2013-07-03
    Avocet Mining PLC has announces significant intercepts at their Tri-K development project in Guinea. 

    The project is located in the northeast side of Guinea with a total mineral resource of 3.2 million ounces of gold. The company expects 0.6 million ounces of the mineral resources to be hosted in oxide ore amenable to heap ..
  • Atlatsa gets shareholders approval on restructuring plan

    2013-07-03
    Shareholders of Atlatsa Resources Corporation have approved all resolutions proposed by the company at the special general meeting held on 28 June 2013.

    In line with the approval of the resolutions, the company will now dispose of 31.4 million attributable Platinum Group Metal (PMG) ounces which comprises the eastern section of the ..
  • African Eagle agrees to dispose of its operations

    2013-07-02
    African Eagle Resources is pleased to announce that it has agreed to sell substantially all of its subsidiaries, assets and liabilities to Blackdown Resources (UK) Limited, a subsidiary of Cienega S.a.r.l, which is ultimately owned by Nick Clarke and his family trusts.

    The Disposal constitutes a fundamental disposal pursuant to Rule..
  • Rio Tinto and Anglo American divest Palabora interests

    2013-07-02
    Palabora Mining Company Limited has reported progress on the divestment of the Rio Tinto Group and Anglo American Limiteds interest in the company, to a consortium of IDC-led purchasers.

    Rio Tinto has made significant progress in fulfilling several k..
  • Robust financial returns for Amaras Baomahun project

    2013-07-02
    According to a feasibility study, Amara Minings Baomahu Gold project in Sierra Leone is set to generate robust financial returns.

    The feasibility study reports an average gold production of 148,550 ounces per annum over the first six years with an estimated average grade of 2.53g/t. The company expects the first year of production ..
  • Callabonna to acquire Element Morocco

    2013-07-02
    Callabonna Resources Limited has signed a conditional sale agreement to acquire 100% shares  in the Hong Kong Company, Element Morocco Limited.

    Element Morocco holds interests in certain Moroccan tenements prospective for manganese through its Moroccan subsidiary, Element Commodities Morocco SA, which has been granted six e..
  • Rockwell Diamonds amends and extends Dabolls loan agreement

    2013-07-01
    Rockwell Diamonds Incorporated has extended its loan agreement with Daboll Consultants Limited by two years to 2 June 2015. In addition, the company has amended the loan so that it is convertible at the prevailing market price of the companys shares with a floor price of C$0.16.

    The amended agreement outlines that the loan may be c..
  • Tlou Energy drilling programme update

    2013-07-01
    Tlou Energy Limited has announced the completion of the Lesedi 1P well as being on schedule in preparation for the drilling of the Lesedi 1A & B lateral intercept wells. 

    The company advises that the drilling of the Selemo 1P coal well w..
  • Resolute Mining provides operational update

    2013-07-01
    ASX listed gold producer, Resolute Mining Limited has released an operational update for FY13.

    Resolute Mining is expecting to exceed its 415 000 ounces forecast for 2013 but have forecast 2014s gold production to be only 345 000 at a cash cost of..
  • Resgen secures $55.3m loan and is set to raise additional AUD 62.6m

    2013-06-28
    Coal developer Resource Generation Limited (Resgen), has obtained a $55.3 million loan from Noble Resources International Pte Ltd, a wholly owned subsidiary of the Noble Group (Noble).

    The funds will be utilised in the construction of the Boikarabelo rail link from the companys Boikarabelo
  • Lonmin postpones AMCU arbitration

    2013-06-27
    Platinum exploration and mining company, Lonmin Plc has announced the postponement of its arbitration process regarding a new union recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

    The AMCU requested the talks be delayed to allow the process of engagement to take its course. Lonmin granted the..
  • Sentula cautions shareholders regarding Nkomati mine disposal

    2013-06-27
    Sentula Mining Limited has announced that it is currently engaged in negotiations with Miranda Mineral Holdings Ltd, Mochiba Investments (Pty) Ltd and Jay and Jayendra (Pty) Ltd.

    The negotiations are regarding the disposal of Sentula Minings 60% indirectl..
  • Sentula releases audited summary of financial results

    2013-06-27
    Sentula Mining Limited has published their audited financial results for the year ended 31 March 2013.
    Revenue decreased from R2 512 million in the previous period to R2 085 million in this period, a decrease of 17%. Their headline loss per share decreased to 27.0 cents from 21.7 cents in 2012. Net asset value per share amounted to 275 cents a decrease from 408 cen..
  • Gem Diamonds recovers another 100 carat diamond in Lesotho

    2013-06-26
    Diamond producer Gem Diamonds Limited has unearthed another 100 carat diamond from its Leteng mine in Lesotho.

    The stone is the third diamond over 100 carats recovered from the mine since May this year, which has already produced a $9 million 164 carat ..
  • Kasbah and Nittetsu sign MOU concerning Achmmach tin project

    2013-06-26
    Kasbah Resources Limited has  signeda Memorandum of Understanding (MOU) with Tokyo listed, diversified mining company, Nittetsu Mining Company Limited.

    The MOU outlines the terms regarding Nittetsu Mining wanting to acquire a 5% interest in the joint venture that is developing the Achmmach tin project in Morocco. &..
  • Aquarius Platinum reaches wage agreement for Kroondal mine workers

    2013-06-26
    Aquarius Platinum Limited announced today that its wholly owned subsidiary, Aquarius Platinum (South Africa) Pty Ltd reached a wage agreement with the National Union of Mineworkers (NUM) concerning the workers employed at the companys Kroondal mine in South Africa.

    The NUM represents the majority of the mines Category B, semi-skil..
  • Mining Executives' Compensation

    2013-06-25
    Was it Warren Buffet who said: Capitalism, An economic system whereby the dumbest guy in the room gets stiffed with the bill? And the dumbest guy in the room usually isn't even in the room yet. Thats why hes the easiest person to stick the bill with.  In fact, in many cases, such as countries taking on sovereign debt, the dumbest guy in the room isn't even born ..
  • Wesizwe confirms short term loan drawdown

    2013-06-24
    Shareholders are referred to Wesizwes SENS announcement, dated 21 January 2013 relating to the confirmation of funding from the China Development Bank (CDB) for the Bakubung Platinum Mine project, including the conclusion of two separate USD100m short-term loan contracts. The drawdown of the first USD100 million short-term loan was completed in December 2012 (the Initial Drawdown)...
  • Sentula disposes of its Schoongezicht Prospecting Right

    2013-06-24
    The board of directors (the Board) of Sentula is pleased to advise shareholders that Sentula has entered into a sale of prospecting right agreement with Miniandante Proprietary Limited (the Purchaser) to dispose of the Schoongezicht Prospecting Right and the Prospecting Right Documents described below, to the Purchaser for a total consideration of R22,000,000 (twenty two million Ran..
  • Outstanding results for Middle Islands Sirba project

    2013-06-24
    Middle Island Resources Limited has released the assay results from its first RC drilling at its Sirba gold project in Niger.

    Results include 21 metres at 4.89 g/t gold, 19 metres at 4.16 g/t gold and 17 metres at 3.05 g/t gold. The company also reported a single surface channel sample of 15 metres at 2.68 g/t gold.
  • Rio Tinto retains Tanzanian diamond operations

    2013-06-24
    Rio Tinto, a leading international diversified mining group, has decided to retain its diamond operations.
    The decision came after the completion of the companys strategic review which considered potential of divestment of certain operations.
    Alan Davis, Chief Executive Officer of Rio Tinto, commented, The medium to long-term market fundamen..
  • Richland granted new tanzanite mining licence

    2013-06-24
    The Tanzania Ministry of Energy and Minerals has granted a new mining licence to TanzaniteOne Mining Limited, a wholly owned subsidiary of Richland Resources Limited.

    The mining licence was granted in respect of the companys tanzanite operations in Tanzania<..
  • Terblanche steps down from Firestone Energy

    2013-06-24
    Kobus Terblanche has resigned from Firestone Energy Limiteds board effective immediately.
    This follows a requisition by Waterberg Coal Company to convene a shareholders meeting seeking the removal of Mr Terblanche as a director of the company. The requisition has subsequently been withdrawn. 

    Tim Teb..
  • DiamondCorp provides update on its Lace Mine operations.

    2013-06-24
    The Lace Mine of DiamondCorp located in the Free State province of South Africa has made significant developments relating to activities in the 14 level cave.
      
    The company reports the completion of the treatment plant modifications..
  • Wescoal declares 3% maiden dividend after revenue increase

    2013-06-24

    Wescoal Holdings Limited has released its results for the financial year ended 31 March 2013.


    Revenue increased by 7.3 % which amounts to R676, 9 million, as reflected in their statement of financial position, despite the challenges the company faced during th..

  • Platinum Australia acquisition back on track following R3.5m settlement

    2013-06-20
    Jubilee Platinum Plcs acquisition of ASX listed Platinum Australia Limited is back on track following a liquidation request against PhokaThaba (Pty) Ltd.

    The request was brought against PhokaThaba, a subsidiary of Platinum Australia by JIC Mining Services on 28 May 2013.The request had prevented Jubilee from moving ahead with the a..
  • Giyani Gold to list on JSE

    2013-06-20
    International gold exploration company, Giyani Gold has been granted a secondary listing on the JSE of up to 61 million shares.

    Giyani Gold is based in Canada and holds a primary listing on the TSX. As of 26 June 2013 the company will have a secondary listing on the JSEs Alternative Exchange board under the abbreviated name Giyani..
  • Assmang approves Malaysia Joint Venture

    2013-06-20
    Assmang Limited has conditionally given the go-ahead for a ferromanganese joint venture project in the Sarawak State of Malaysia.

    This follows the completion of a Definitive Feasibility study on the project to establish the financial viability of a manganese alloy smelting facility. Assmang is a ferroalloy producer jointly controlle..
  • North River Resources expands Namib Lead Zinc project area

    2013-06-19
    North River Resources has successfully expanded its Namib Lead Zinc project area following the granting of a new Exclusive Prospecting License (EPL) which runs contiguously to the companys existing EPL area in Namibia.

    The company is currently i..
  • African Eagle - Correction of prior announcement

    2013-06-19
    African Eagle Resources Plc advises that it has recently acquired missing documents with regard to the sale of certain of the Company's prior assets in Tanzania, Mozambique and Zambia ("Assets") to Ja..
  • Kibo Minings Haneti JV exploration programme underway

    2013-06-19
    Tanzania focused mineral explorer and developer, Kibo Mining Plc, has reported the commencement of an exploration programme on its Haneti JV gold and nickel project in
  • Infrasors welcomes new Managing Director

    2013-06-19
    Infrasors Holdings Limited has announced the appointment of the new Managing Director, Louis Loubser.

    Loubser holds a Bachelor of Commerce degree and MBA from the University of Stellenbosch and previously worked for Afrimat Limited as the Head of Business Development.

    Loubsers ..
  • Orbis Gold intersects high grade mineralisation in Burkina Faso

    2013-06-18
    Ongoing drilling activities at Orbis Gold Limiteds Natougou gold discovery has produced further high-grade results.

    The new drill results confirm Natougou as a significant gold discovery. The company considers the deposit, which is located in south-..
  • Universal Coals South African mine production brought forward

    2013-06-18
    Universal Coal Plc has moved the production date for its Kangala coal mine from April to February 2014, two months ahead of schedule.

    The Kangala mine which is located in the Witbank coalfield of South Africas Mpumalanga Province, will be the com..
  • Firestone Energy makes changes to its board

    2013-06-18
    The ASX and JSE listed company, Firestone Energy Limited has announced several changes to its board of directors.

    The companys Deputy Chairman David Perkins, along with Directors Jack James and Oren Zohar have resigned from their duties on the board. New appointments to the board include Brian McMaster, Stephen Miller and David Kno..
  • Positive results for Celamin Holdings Tunisian project

    2013-06-18
    Celamin Holdings and its Tunisian joint venture partner, Tunisian Mining Services SARL, have announced a JORC-compliant Mineral Resource at their Gassaa Kabira prospect.

    The prospect forms part of the companys Chaketma phosphate project in Tunisia in North A..
  • Sovereign Metals begins drilling on Malawi graphite project

    2013-06-18
    Sovereign Metals Limited has commenced with drilling activities on its Central Malawi graphite project located near Lilongwe, Malawis capital city.

    The drilling programme has been designed to test the depth and grade of graphite mineralisation at the Duwi and Nanzeka prospects located in the project area. 
  • Amplats employees exit safely from underground

    2013-06-18
    Approximately 2400 employees at Anglo American Platinums (Amplats) Thembelani mine have exited safely from underground.

    Workers at the platinum mine located in Rustenburg, ..
  • Jubilee acquisition of Platinum Australia delayed by liquidation application

    2013-06-12
    ASX listed Platinum Australia Limited, has received a liquidation application from the High Court of South Africa against PhokaThaba Platinum (Pty) Ltd, a subsidiary of Platinum Australia.

    The application was launched by Westdawn Investments (Pty) Ltd, trading as JIC Mining Services to dissolve the company which holds approximately ..
  • Tiger Resources unaffected by the DRCs copper-cobalt ban

    2013-06-11
    The government of the Democratic Republic of Congo (DRC) announced in April 2013 that it would prevent companies from exporting copper and cobalt concentrates from the country.

  • Xceed Resources granted coal mining right in South Africa

    2013-06-11
    The South African Department of Minerals has granted a mining right to ASX listed Xceed Resources Limited.

    The mining right was granted in respect of the companys Moabsvelden thermal coal project in
  • Windfire Capital acquires gold mine in Limpopo

    2013-06-11
    TSX listed Windfire Capital Corp has signed a Letter of Intent with Triangle City Mining (Pty) Ltd to acquire a 74% interest in the Madonsi gold mine.

    The mine, which is located in the Limpopo province of
  • Mount Burgess Mining appeals rejection of exploration license

    2013-06-11
    Mount Burgess (Botswana) (Pty) Ltd, a subsidiary of Mount Burgess Mining NL, has lodged an appeal with the office of the Vice President of Botswana in respect of a previously held exploration license.

    The application for the extension of the comp..
  • Mega Uranium and Rockgate Capital announce proposed merger

    2013-06-11
    TSX listed Mega Uranium Limited and Rockgate Capital Corp have signed a Letter of Intent to combine the two companies with an aim to create a diversified uranium company. 

    The new company will boast advanced uranium assets in Australia and ..
  • Afrimat revises offer on Infrasors Holdings acquisition

    2013-06-10

    Construction and building materials company Afrimat Limited, has revised their offer to resources miner Infrasors Holdings Limited.

    Afrimat has extended the closing date of the offer to Infrasors Holdings shareholders from 7 Ju..

  • Central Rand Gold releases operational update

    2013-06-10
    Central Rand Gold Limited has released an operational update covering the first four months of 2013.
    The company reports a total mining production of 83 597 tonnes, just shy of its target for the period of 83 604. The grade of the mined material was recorded as 3.25 g/t which is slightly lower than that recorded in 2012 but the company expects the grade to fluctuat..
  • Great Western Minerals signs Letter of Intent with Star Uranium

    2013-06-07
    Great Western Minerals Group Limited has announced its Letter of Intent with Star Uranium Corporation for the purposes of negotiating and executing an option and joint venture agreement. The agreement is in regard of the Hoidas Lake project in Saskatchewan in Canada.

    The joint venture agreement will allow Great Western Minerals to f..
  • Goldplats strategic review update

    2013-06-04
    The AIM listed gold producer, Goldplat Plc has released an update on its strategic review which aims to realign the companys business model.

    The company reports that it has put its Kilimapesa gold mine in Kenya on long term care and maintenance unti..
  • Cooper Energy divests Tunisian acreage

    2013-06-04
    Cooper Energy Limited has announced its plans to divest its Tunisian oil and gas acreage interests following the completion of the Hammamet West-3 well drilling.

    The ASX listed companys plans to divest are in line with its strategy to focus on A..
  • Coal of Africa to suspend Mooiplaats operations

    2013-06-03
    Coal of Africa Limited has announced its decision to suspend operations at its Mooiplaats colliery in the Mpumalanga province of South Africa.

    The decision to place the mine on long term care and maintenance comes after repeated attempts by the compan..
  • Kibo Mining provides an update on Tanzanian projects

    2013-06-03

    Kibo Mining Plc has released an update on its Rukwa Coal to Power and Haneti Projects in Tanzania.


    The companys flagship Rukwa Coal to Power project, is about to undergo a scoping study to determine the projects economic and technical parameters. The ..
  • Bezant Resources Tanzanian project terminated

    2013-06-03
    Bezant Resources Limited announced that it has received notification from AngloGold Ashanti Limited that the Mafulira project, in Tanzania, has been terminated.

    The Malifura project which included the Mkurumu project, a joint venture with
  • Syrah Resources Balama project infrastructure development update

    2013-06-03
    Syrah Resources Limited has reported substantial progress in the development of key infrastructural requirements for its Balama graphite and vanadium project in Mozambique.

    The company reports that the road from MontePuez to Balama is to be sealed this year, which would make the travel from the port to the project less than 3 hours...
  • Delrand Resources identifies high-interest diamond targets in DRC

    2013-05-31
    Delrand Resources Limited has reported significant progress on its diamond exploration activities in the Democratic Republic of Congo (DRC).

    The company has signed an agreement with Rio Tinto Plc to interpret a large diamond exploration dataset that cove..
  • Royal Bafokeng Platinum board grants financial assistance to subsidiaries

    2013-05-31
    On the 28 May 2013, the board of directors of Royal Bafokeng Platinum Limited granted permission for the company to provide approximately R1 billion to its subsidiaries. The current and future financial assistance is to be put mainly towards capital expenditure at the companys Styldrift platinum project in Rustenburg, South Africa

    ..
  • African Eagle Resources and Rift Valley Resources completes Phase One at Miyabi

    2013-05-31
    African Eagle Resources Plc and Joint Venture partner Rift Valley Resources Limited have completed Phase One on the Miyabi gold project in Tanzania.

  • Update on Firestone Energys joint venture with Sekoko Resources

    2013-05-28
    Firestone Energy Limited entered into a joint venture with Sekoko Resources whereby the company holds a 60% participatory interest in the Waterberg Coal Project in the Limpopo Province, South Africa.

    An interim Resource Statement was prepared by SRK C..
  • Jubilee Platinum disposes of a non-core asset

    2013-05-28
    Jubilee Platinum PLC has decreased its holding in the non-platinum ferroalloy smelter and power plant in Middleburg, South Africa, while retaining its platinum processing capacity, for the cash consideration of $14 million.<..
  • Golden Rim Resources discovers high grade gold mineralisation

    2013-05-28
    Golden Rim Resources Limited announced the discovery of a new zone of high grade gold mineralisation at its Balogo project in Burkina Faso.

    The mineralisation lies beneath 2m of transported soil, in bedrock, 1km north east along the Netiana Lodes str..
  • Metals of Africa acquire highly prospective portfolio

    2013-05-28
    Metals of Africa announced that it has signed a binding Share Sale agreement to acquire all issued capital of the unlisted Australian public company, Express Resources Limited.

    Metals of Africa can potentially acquire more than 900 000 hectares of highly prospective ground across
  • Syrah Resources re-evaluates its Balama East resource

    2013-05-28
    Syrah Resources Limited received the results of its Balama East Inferred Resource calculated by independent consultants, the MSA Group. 

    The Mepiche Zone, which is part of the Balama graphite and vanadium project in Mozambique, has an Inferred Resource of 145 million tonnes at a grade of 15.1% Total Graphitic Carbon (TGC) a..
  • Lonmin union recognition negotiations update

    2013-05-22
    Lonmin Plc has announced that no new union recognition agreement with the Association of mineworkers and Construction Union has been reached, since involving the Commission for Conciliation, Mediation and Arbitration (CCMA).

    The CCMA issued a Certificate of Non-Resolution on Tuesday, 21 May 2013, but the parties have agreed to meet ..
  • Anglo American Platinum mitigates job cuts

    2013-05-22
    A tri-partite agreement regarding interventions to mitigate job cuts at Anglo American Platinum Limited has been reached.

    Earlier this year Anglo American Platinum announced a proposal to create a sustainable, competitive and profitable
  • African Consolidated Resources provides Marange update

    2013-05-21
    African Consolidated Resources Plc has received the judgement regarding the indictment against the company, relating to alleged offences in connection with diamonds from Marange.

    It has been determined that the indictment cannot be quashed on the basis t..
  • Australian Takeover Panel orders revision of Firestone Energy takeover bid

    2013-05-21
    In December 2012, Waterberg Coal Company Limited announced an off-market scrip bid for Firestone Energy Limited. Firestone Energy holds a right to a 60% interest in the Waterberg coal project in
  • Waterberg Coal Company extends takeover offer period again

    2013-05-17
    The Waterberg Coal Company Limited, formerly known as Range River Gold Limited, has extended the offer period for the off-market takeover of Firestone Energy Limited for the third time.

    The takeover offer is to acquire all the ordinary shares in Fi..
  • Lonmin strikers return to work

    2013-05-17
    Platinum miner Lonmin Plc reported on Wednesday the return of workers who had embarked on an unprotected strike.

    The workers downed tools at the companys Marikana platinum mine in
  • African Eagle Resources Plc - Update On Financial Position And Revised Operational Plan

    2013-05-16
    Further to the corporate and Dutwa project update, announced on 2 April 2013, the Company has
    been in discussions with its major shareholders and other institutional investors to assess the
    potential to raise additional equity financing to further progress the Dutwa lateritic
  • Simba Energy and Ajax Exploration sign a Memorandum of Understanding

    2013-05-14
    TSX listed oil and gas exploration company, Simba Energy Incorporated, has signed a Memorandum of Understanding (MOU) with privately owned oil and gas company, Ajax Exploration Limited.

    The MOU outlines the principal commercial terms of Ajax Explorations 66% interest farm out agreement of Simba Energys Block 2A in Kenya. The MOU h..
  • Bushveld Minerals to acquire Lemur Resources Limited

    2013-05-14
    Bushveld Minerals Limited has announced its intention to make an off-market takeover offer to acquire all of the ordinary shares in Lemur Resources Limited.

    The offer provides 3 Bushveld Minerals shares for every 5 Lemur Resources shares. The Lemur Resources shares were valued at AUD0.099 per share which represents a 65.5% premium t..
  • Globe Metals & Mining seeks to optimise Malawi plant

    2013-05-14
    Globe Metals & Mining Limited has appointed specialist consultant, Mr David Ma, to assist with the optimisation of the process plant and product marketing for the Kanyika Niobium project in Malawi.

    The ASX listed company has engaged the servi..
  • Cape Lambert Resources granted environmental license for Marampa project

    2013-05-14
    Cape Lambert Resources Limited announced that it has been granted an environmental license for its Marampa project. The Marampa project is the companys flagship iron ore operation in Sierra Leone. 

    Following the granting of the environmental li..
  • Gold Fields Q1 output drops by 11%

    2013-05-10
    Gold Fields Limited has released its unaudited Q1 results and is pleased to report a fatality free quarter.
     
    The company experienced an 11% decrease in gold production over the quarter, producing 477 000 ounces.

  • Lonmin agrees to involve CCMA in wage negotiations

    2013-05-10
    Lonmin Plc has undergone significant changes to its union membership profile with 70% of its category 4-9 employees belonging to the Association of Mining and Construction Union (AMCU). A further 20% of employees belong to the former majority union, National Union of Mineworkers (NUM).

    These changes have called for the company to ne..
  • Rockwell achieves notable growth

    2013-05-09

    Rockwell Diamonds Incorporated has announced a 19% increase in diamond sales revenue for the fourth quarter of the 2013 fiscal year compared to the previous corresponding period.


    In the reporting quarter,

  • Sibanye output up 36% despite operational challenges

    2013-05-09
    Sibanye Gold Limited has reported positive results for the quarter ending March 2013, which saw significant improvements despite facing some difficulties during the period.

    The company recorded a 121% quarter-on-quarter increase in operating profit to R1.5 million, and a 36% increase in
  • AngloGold appoints new Chief Executive

    2013-05-09
    Gold miner AngloGold Ashanti has announced the appointment of Srinivasan Venkatakrishnan (Venkat) as the new Chief Executive of the company.

    Mr. Venkat has taken the reigns as the head of AngloGold after being appointed joint interim CEO alongside Tony ONiell following the departure of former CEO, Mark Cutifani. He previously held ..
  • Firestone Diamonds announces the results of two diamond tenders

    2013-05-07
    Firestone Diamonds Plc has released the results of two diamond tenders held in February and April 2013.

    The total diamonds sold over both tenders amounted to 55 950 carats generating a total revenue of US$5.1 million. All parcels tendered were sold.&..
  • Harmony Gold appoints a new director to the board

    2013-05-07
    Harmony Gold Mining Company Limited has announced the appointment of Karabo Nondumo as a director of the company with effect from 3 May 2013.

    Nondumo joined the Shanduka Group in 2004 as a qualified chartered accountant and held various positions and served on multiple boards representing Shanduka. She was the first CEO of AWCA Inve..
  • Rockwell Diamonds releases fourth quarter production update

    2013-05-07
    Rockwell Diamonds Incorporated has released its production update for the fourth quarter of the fiscal year ending 28 February 2013.

    The companys Saxendrift operations in the Northern Cape of South Africa experienced a 5% decrease in the amount o..
  • IMX Resources reports Inferred Mineral Resource for its Zeppelin deposit

    2013-05-06
    IMX Resources Limited, the base and precious metals exploration and mining company, released the results of its Inferred Mineral Resource estimates for the Zeppelin deposit in Tanzania.

    The deposit revealed an Inferred Mineral Resource of 6.8Mt at..
  • Kinetko Energy applies for 10 500km exploration tenure

    2013-05-06
    The Australian gas explorer, Kinetiko Energy Limited, has applied to the Department of Mines in Botswana for 10 500km of exploration tenure in central Botswana. This expansion of the companys portfolio of unconventional energy projects is in line with the companys corporate strategy.
    &l..
  • Firestone Energys Waterberg JV development on track

    2013-05-06
    Australian exploration and development company, Firestone Energy Limited, is continuing to progress the Bankable Feasibility Study on its Waterberg coal project. 

    The project is a joint venture with Sekoko Resources (Pty) Ltd to supply 10 mi..
  • Aqaurius Platinums Booysendal sale falls through

    2013-05-06
    The sale agreement between Aquarius Platinum Limited and Northam Platinum Limited with regards to mining rights at the companys Booysendal South operations has been terminated.

    The sale fell through after the condition precedent that Section 102 approval be granted by the Department of Mineral Resources before 30 April 2013, had no..
  • Impala Platinum releases quarterly production report

    2013-05-06
    Impala Platinum Holdings Limited has released its safety and production report for the quarter ended 31 March 2013.

    The group reported no fatalities for this quarter and hence its Fatality Injury Frequency Rate has decreased from 0.087 to 0.057. Its Lost Time Injury Frequency Rate also decreased from 4.96 last year to 4.40 this year..
  • South African miners worry over further wage demands

    2013-05-06
    As wage negotiations are set to be tabled for 2013, South African mines have expressed concern about indications received from South Africas biggest mining union, the National Union of Mineworkers (NUM) that workers will demand double digit increases.

  • Nkwe Platinum enters a strategic partnership with a Chinese mining house

    2013-04-29
    Nkwe Platinum Limited has formed a strategic partnership with leading Chinese mining house Zijin Mining Group. 

    Zijin Mining Groups 100% owned subsidiary, Jin Jiang Mining Limited, will invest AUD$20 million in Nkwe Platinums platinum group me..
  • Weatherly gets environmental clearance for Namibian project

    2013-04-29
    Weatherly International Plc has been granted the required environmental clearance from the Ministry for Environment and Tourism, for its Tschudi copper project in Namibia.

  • Kibo partners with Korean company for Tanzanias Power Project

    2013-04-25
    The African mineral explorer and developer, Kibo Mining Limited, has partnered up with East-West Power Co. Ltd; a Korean government owned Power Company, to take on the Rukwa coal project in Tanzania.
    <..
  • Operations resume at Northams Zondereinde mine

    2013-04-24
    Normal drilling operations at Northam Platinum Limiteds Zondereinde Mine were resumed yesterday, 23 April 2013, following the signing of a Memorandum of Understanding on Monday, 22 April 2013.

    Northam Management and the Union of Mineworkers agreed on the return to work compensation package as outlined in the Memorandum. The packa..
  • Department of Mineral Rights to appeal Supreme Courts ruling on Sishen

    2013-04-23
    The Department of Mineral Rights and Imperial Crown Trading have submitted applications for leave to appeal to the Constitutional Court against the Supreme Courts ruling on the rights to the Sishen mine.

    Following ArcelorMittal South Africa Limiteds failure to convert its old order mining right to a new order mining right by the 3..
  • Magnum begins Coal Bed Methane exploration drilling in Botswana

    2013-04-22
    Magnum Gas & Power Limited is pleased to announce that the company has contracted with various companies to begin drilling and testing two exploration wells in its central project area in Botswana.

    Dewet Drilling was contracted by the com..
  • Universal Coals stake in Berenice coking coal project increases

    2013-04-22
    Universal Coal Plc is pleased to announce the company has achieved a 50% ownership of the Cygnus portion of the Berenice coking coal project in Limpopo, South Africa.

  • Anglo American remains committed to South Africa despite calls to divest

    2013-04-22
    Diversified miner Anglo Americans new Chief Executive, Mark Cutifani, has confirmed the miners commitment to South Africa stating that its assets in the country are critical to the companys value proposition.

    Cutifani was speaking at the compan..
  • Stonewall Resources Bosveld mines granted conversion of mining rights

    2013-04-22
    Stonewall Resources Limiteds subsidiary Bosveld Mines (Pty) Ltd has received approval from the Department of Mineral Resources to convert an Old Order Mining Right to a New Order Mining Right. The conversion was in respect of the Klipwal and Kortnek farms in South Africa
  • Sula Iron and Gold commences iron resource drilling

    2013-04-22
    Sula Iron and Gold Plc has commenced iron resource drilling in the northern part of the Sul-Kangari Greenstone Belt in Sierra Leone. The wholly owned 153km area is undergoing iron and gold exploration and has shown a str..
  • Eastern Platinum suspends funding to Crocodile River mine

    2013-04-22
    Eastern Platinum Limited has announced that it has suspended funding to its Crocodile River mine in South Africa. 

    The company based this decision on a number of factors including: the ongoing negative outlook of the global economic environment, the continued weakness in
  • New BHP Billiton boss cuts down top management tiers

    2013-04-18
    BHP Billitons incoming CEO, Andrew Mackenzies appointment only comes into effect on 10 May 2013, but he is already making his mark on the mining giant.

    The company announced on Thursday its new senior management team, comprising a batch of new faces and stripping out a layer of the companys top management. Mckenzie stated that th..
  • Positive progress for Resgens Boikarabelo mine

    2013-04-17
    The development of Resource Generation Limiteds (Resgen) 744.8 million tonne coal mine has seen positive progress during the first quarter of 2013.

    Construction activities at the mine, which is located in the Waterberg region of
  • Coal of Africa appoints Meeser as new Financial Director

    2013-04-17
    Coal of Africa Limited (CoAL) has appointed Investecs Michael Meeser as its new CFO and Financial Director with effect from 1 June 2013.

    Meeser is currently the Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa at Investec Bank, and is a member of the divisions executive co..
  • Losses rise as Northam Platinum strikes continue

    2013-04-17
    Rock drill operators who embarked on an unprotected work stoppage at Northam Platinum Limiteds Zondereinde mine since Tuesday, 2 April 2013 have not yet returned to work. 

    The illegal strike consisting of some 580 rock drill operators, who refuse to work while still reporting for duty, has been ongoing for about two weeks...
  • Newly formed Orca Gold advances African exploration

    2013-04-16
    Following its inception on 4 April 2013, Orca Gold has been working on advancing its mineral properties in Africa. The company was formed through Canaco Resources Incs successful acquisition of Shark Minerals Inc.

    The company is currently focused o..
  • China Africa Resources confirms Namibian project estimate

    2013-04-16
    AIM listed China Africa Resources Plc has announced the results of an independent mineral resources estimate for its Berg Aukas zinc-lead-vanadium project in Namibia.

    The results highlighted a JORC Mineral Resource estimate of is 1 264 800 tonnes..
  • FAR Limited secures West African exploration drilling rig

    2013-04-16
    FAR Limited has secured a drilling unit contract for an exploration well on oil blocks off the coast of Senegal, West Africa.

    Cairn Energy Plc, operator of three..
  • Update on the interruption at Northams Zondereinde mine

    2013-04-16
    Northam Platinum Limited has informed shareholders that the striking rock drill operators at the companys Zondereinder mine continue to interrupt production. Management remains engaged with representatives of the National Union of Mineworkers in South Africa in an attempt to resolve this impasse.
  • Kibo Mining and Brazilian major proceed with Tanzanian nickel JV

    2013-04-10
    Kibo Mining Plc has announced that it will further exploration activities on its Haneti nickel project in Tanzania.

    This follows the conclusion of the joint ventur..
  • Predictive Discovery intercepts high grade gold in Burkina Faso

    2013-04-10
    Predictive Discovery Limited has intercepted high grade gold mineralisation at their Bongou gold project in Burkina Faso.

    This follows a successful drilling programme conducted within the project area. The results highlighted mineralisation at de..
  • Possible government ban on gemstone auctions outside of Zambia

    2013-04-10
    The Government of the Republic of Zambia held a press conference in Lusaka on Friday 5 April 2013 where the Minister of Mines, Energy and Water Development announced a restraint on producers from selling emeralds, and in fact all gemstones, outside of Zambia.

    &l..
  • Goldstone Resources enters into a joint venture with Randgold Resources

    2013-04-09
    Goldstone Resources Limited has entered into an agreement with Randgold Resources Limited to form a joint venture in the exploration and potential development of the Sangola gold project in Senegal.

  • Strikes at Gold Fields Tarkwa and Damang mines resolved

    2013-04-09
    Gold Fields Limited and the Ghana Mineworkers Union have worked together to reach a solution to the issues that gave rise to miners embarking on an illegal strike on Tuesday 2 April 2013. 

    Gold Fields is pleased to report that its employees returned to work at the
  • Implats seeks approval for specific issue of shares and settlement of convertible bonds

    2013-04-09
    On Friday 15 February 2013, Impala Platinum Holdings Limited announced to shareholders its accelerated bookbuild offerings relating to the companys US$ and ZAR convertible bonds. The offerings were as follows: Implats would issue 1.0% convertible bonds due in February 2018 in a nominal amount of US$200 million and the company would also issue 5.0% convertible bonds due in February 2018..
  • Golden Rim Resources looking for alternative divestment options for Mali assets

    2013-04-08
    Golden Rim Resources Limited announced today that it has received notice from Sandeep Gold Resources on its inability to make the first payment of US$1.1 million in cash which was due on 5 April 2013. This was to be the first installment on a debt totaling US$ 4.4 million to be paid by Sandeep Gold by 31 December 2013. 

    As ..
  • Anglo Americans new Chief Executive to focus on value creation

    2013-04-08
    Former AngloGold Ashanti CEO Mark Cutifanis appointment as the new Chief Executive of diversified miner, Anglo American Plc, became effective on 3 April 2013.

    Cutifani indicated in an interview on the first day of his new role that Anglo Americans focus initially, will be the creation of value for its shareholders and all key stak..
  • Firestone Energy urges shareholders to reject Range River Golds supplementary bid

    2013-04-08
    On 27 March 2013, Range River Gold Limited submitted a Second Supplementary Bidders Statement to Firestone Energy Limited with a proposal of acquiring all ordinary shares in Firestone Energy. Range River wishes to grant 1.25 Range River shares for every 2 Firestone Energy shares.
    <..
  • Production interrupted at Northam Platinums Zondereinde mine

    2013-04-08
    Production at Northam Platinum Limiteds Zondereinde mine has been hindered after rock drillers refused to drill while underground. Operations have been on hold since Tuesday, 2 April 2013, and an estimated 3 900 ounces (120kgs) in concentrate production has been lost. In terms of revenue the company estimates R46.2 million has been lost due to this interruption.
    &..
  • Gold Fields suspends Ghanaian operations due to strike

    2013-04-03
    Employees at Gold Fields Limiteds Tarkwa and Damang mines in Ghana have downed tools and embarked on an illegal strike.

    Operations at the companys gold mines in Ghana
  • Lonmin appoints new CEO

    2013-04-02
    Lonmin Plc has announced the appointment of Ben Magara as the companys new Chief Executive Officer.

    Mr Magaras appointment will be effective as of 1 July 2013; he is currently Executive Head of Engineering and Capital Projects at Anglo American Platinum Limited (Anglo Platinum). Mr Magara has held several executive positions withi..
  • Zyl settles legal dispute with Mbila Vendors

    2013-04-02
    Zyl Limited has reached a settlement with regards to all legal disputes with the Mbila Vendors in South Africa.

    This comes after Zyl refused to increase their 30% holding in Mbila to 74% in January this year according to an agreement between the t..
  • African Eagle Dutwa project update and changes to the Board

    2013-04-02
    African Eagle Plc has provided a corporate and project update regarding the Companys Strategic Partner search for the development of the Dutwa Nickel Laterite Project in Northern Tanzania.

    <..
  • Wesizwe reports R9.7m profit in FY12 results

    2013-03-28
    JSE listed Wesizwe Platinum Limited has released its results for the 2012 financial year ended 31 December 2012.

    Highlighted in the results was the $650 million funding secured from the China Development Bank, to fund its flagship Bakubung platinum m..
  • Balamara in final stages of selection process for Togo phosphate project bid

    2013-03-26
    Balamara Resources Limited has received an invitation from the Togo Ministry of Mining and Energy to attend a meeting which is believed to be one of the final steps to being awarded the phosphate project. 

    The ASX listed company complete..
  • Wits Gold provisional audited results for 2012

    2013-03-26
    Witwatersrand Consolidated Gold Resources Limited has released financial and operational reviews of the year ended 31 December 2012.

    Wits Golds operational review highlights the companys continued focus on exploration efforts in the southern Free State goldfield. In November 2012 the company was granted the transfer of ownership o..
  • Avocet Mining secures funding for growth projects

    2013-03-26
    Avocet Mining Plc has concluded financing discussions with Macquarie Bank and the companys largest shareholder Elliot Management, which holds a 27% interest.

    The company managed to secure financing to fund its 2013 activities at its key growth projects in
  • Botswana Diamonds operations update following interim release

    2013-03-26
    Botswana Diamonds Plc has released their interim results for the six months ended 31 Dec 2012. 
    Accompanying the statement was the Chairmans statement which highlighted the companys activities during that period. 

    The companys focus has been its operations in
  • Significant resource increase for Amaras West African project

    2013-03-26
    The West African focused gold miner, Amara Mining Plc, has reported positive results following a recent drilling programme at its Yaoure gold project in Cte d'Ivoire.

    The results delineated a 1.7 million ounce mineral resource in the Inferred c..
  • Strikes at Exxaro Resources come to an end

    2013-03-25
    JSE listed Exxaro Resources Limited reported on Saturday that they have reached an agreement with the National Union of Mineworkers (NUM) to end a two week strike across the companys operations.

    The workers at the Matla, Arnot, Grootegeluk, Leeuwpan, Inyanda and Reductants
  • Callabonna to acquire exploration permits in Morocco for prospective manganese

    2013-03-25
    Callabonna Resources Limited has signed a binding, conditional sale agreement to buy up to 100% of the shares in Hong Kong Company Element Morocco Limited whose subsidiary has an interest in certain Moroccan permits prospective for manganese. The subsidiary, namely Element Commodities Morocco SA (ECMSA) has an exploration agreement with the Moroccan National Organisation for Hydrocarb..
  • Ikwezi Mining receives Integrated Water Use License

    2013-03-25
    The Department of Water Affairs in South Africa has granted Ikwezi Mining Limited the Integrated Water Use License required by the company for its Ntendeka Colliery wash plant. The license cements the regulatory framework regarding the construction of water supply systems to the Ntendeka Colliery wash plant; it also serves as a prerequisite for mining in
  • Rockwell Diamonds completes acquisition of Jasper mine

    2013-03-22
    Rockwell Diamonds Incorporated has announced the completion of the acquisition of the Jasper mine in Middle Orange River, South Africa.

    Following approval of Rockwell Dia..
  • Underground sit-in at Palabora mine resolved

    2013-03-22
    The unlawful sit-in at Palabora Mining Company Limiteds underground mine came to an end at midnight on Wednesday, 20 March 2013. The strike lasted seven days and involved miners underground as well as at the shafts on the surface. The Company has been consistently concerned about the health and safety of their workers and insisted all miners be checked by the local clinic before they w..
  • Gondwana Gold completes Pan African Oil acquisition

    2013-03-20
    Canadian based explorer, Gondwana Gold Inc, announced the completion of the acquisition of all the outstanding shares of Pan African Oil Limited.

    The transaction has constituted a change of business, making the company a Tier 2 oil and gas issuer in terms of the TSX Venture Exchange. The company will take over Pan African Oils 72% ..
  • Lucara Diamonds Karowe mine delivers a 239 carat diamond

    2013-03-20
    Lucara Diamond Corp has reported successful recoveries of three high value diamonds, including a 239 carat diamond, discovered at the companys Karowe mine. The additional large stones recovered weighed 124.0 and 17.1 carats respectively.

    The Karowe diamond
  • Aureus Mining in talks with Nedbank and RMB over US$ 108 million loan

    2013-03-20
    Aureus Mining Inc has approached Nedbank and RMB to assist in arranging a Project Debt Finance Facility to the tune of US$100 million accompanied by a Cost Overrun Facility of up to US$8 million.

     Both banks have knowledge and experience in the mining finance field and will approach the Export Credit insurance Corporation o..
  • Botswana Diamonds signs agreement for Mozambique diamond exploration

    2013-03-20
    Botswana Diamonds Plc has entered into an agreement with Mozambican company, Morminas, to conduct preliminary exploration along the Save River in Mozambique.

    The river, which lies close to the Zimbabwean border, runs south-eastward into Mozambique and drains an area of
  • Excalibur Mining Corporation acquires Buffalo Group Management

    2013-03-19
    Excalibur Mining Corporation Limited has exercised an option agreement to obtain 100% of Buffalo Group Management Ltd. 

    Buffalo Group Management holds the right to an 80% interest in a 710km Buffalo gold project in
  • Underground sit-in at Palabora Mining Companys operations

    2013-03-19
    A group of 71 of Palabora Mining Company Limiteds employees have persisted with an underground sit-in following strike action by mining operations crews on 13 March 2013. 

    The group is being support by fellow striking miners on the surface. The company is concerned about the groups health and safety and is working togethe..
  • Resgen considers alternative options to fund Boikarabelo mine

    2013-03-19
    Resource Generation Limited has expressed its intention of finding alternative sources to fund its AU$530 million Boikarabelo coal project.

    This comes after the company received credit approvals from its mandated credit providers that included commer..
  • AngloGold Ashanti suffers losses after power outage

    2013-03-18
    A transformer was damaged after lightning struck and started a fire at one of Eskoms main regional substations. The damage caused a complete power cut to AngloGold Ashantis two major gold operations in West Witwatersrand, &l..
  • Village Main Reef enters funding agreement with Continental Coal

    2013-03-18
    Village Main Reef Limited has entered into a binding funding agreement with Continental Coal Limited, a South African thermal coal production, development and exploration company, listed on the ASX and AIM, pursuant to which:

  • Gold Fields confirms probe into empowerment transactions

    2013-03-15
    Gold miner Gold Fields Limited confirmed on Wednesday 13 March 2013 an ongoing independent investigation surrounding its Black Economic Empowerment deals.

    The company�s Social and Ethics Committee in December 2012 engaged the services of international law firm; Paul, Weiss, Rifkind, Wharton & Garrison, LLP (Paul Weiss), to..
  • Gem Diamonds reports record carat production for FY12

    2013-03-13
    Gem Diamonds Limited reported a strong operational performance for its 2012 financial year, achieving a second successive record carat production at its Letseng diamond mine in Lesotho.

    Letseng produced 114 350 carats during the year, up 2% from 2011..
  • Ferrum Crescent releases interim results for FY12

    2013-03-13
    Ferrum Crescent Limited has announced its interim results for the six months ended 31 December 2012.

    The interim results highlighted an update in the JORC resource for its Moonlight iron project in South Africa's Limpopo province. The company also secured New Order Mini..
  • Trans Hex gets green light for Namaqualand acquisition

    2013-03-12
    The Department of Mineral Resources has approved the transfer of prospecting and mining rights for Namaqualand Mines to Trans Hex Group Limiteds Joint Venture partner, Emerald Panther Investments 78 (Pty) Ltd.

    This follows the proposed transaction with De Beers Consolidated Mines Limited, in respect of the acquisition of the Namaqu..
  • Tawana discovers significant iron mineralisation in Liberia

    2013-03-12
    ASX and JSE listed Tawana Resources Limited has discovered significant iron mineralisation at its Mofe Creek project in the West African country of Liberia.

    This follows a drilling programme covering 3km of the 65km strike targeted for exploratio..
  • Lonmin granted Pandora JV mining right

    2013-03-12
    The Department of Mineral Resources has granted the conversion of an old order mining right to a new order mining right at Lonmin Plcs Pandora Joint Venture. 

    The Pandora Joint Venture is located in South Africas
  • Kibaran Resources identifies new exploration target in Tanzania

    2013-03-12
    Independent geological consulting group CSA Global (Pty) Ltd, have identified a new exploration target at Kibaran Resources Limiteds Epanko project in Tanzania.

    A sizeable exploration target of between 60 and 110 million tonnes of graphitic schis..
  • DMR grants Roodekop mining right to Universal Coal

    2013-03-12
    The Department of Mineral Resources has granted a mining right over Universal Coal Plcs 74% owned Roodekop thermal coal project.

    The Roodekop project is located on the southern margin of the Witbank coalfield in
  • Kibo Minings energy project gets support from Tanzanian government

    2013-03-11
    Kibo Mining Plc has received a formal letter from the Tanzanian Ministry of Energy and Minerals expressing their support for the companys Rukwa coal to power project.

    Following an initial assessment of the project, the ministry will include the proj..
  • Kaboko Mining completes funding for development of Zambian projects

    2013-03-11
    Kaboko Mining Limited has announced the completion of the final tranche of the $10 million Prepayment Debt facility and long term off-take agreement with Noble Resources International Pte Ltd.

    The company received the remaining $3 million of the $4.5 million tranche of the financing facility, following the successful completion of d..
  • Continental Coal completes VanMag sale, acquires Mashala Resources

    2013-03-11
    South African based thermal coal production company, Continental Coal Limited, has completed the sale of its interests in Vanadium and Magnetite Exploration and Development Co (SA) (Pty) Ltd.

    The proceeds from the sale which amounted to approximately $10 million will be used to purchase all the outstanding minority interest in Masha..
  • ARMZ set to acquire Canadas Uranium One Inc.

    2013-03-08
    Uranium One Inc. has received approval from its shareholders with regards to the proposed acquisition by JSC Atomredmetzoloto (ARMZ) of all Uranium Ones shares.

    ARMZ currently owns approximately 51% of the shares in Uranium One, and is seeking to acquire the remainder of the companys common shares.  A special meeting was ..
  • Exxaro reports a 33% drop in earnings

    2013-03-07
    South African based diversified miner, Exxaro Resources Limited, has reported a 33% drop in its headline earnings for FY12.

    The companys earnings were affected by challenging coal trading conditions as well as lower export sales volumes throughout t..
  • Zimbabwe government seeks to acquire 50% of Zimplats

    2013-03-05
    Impala Platinum Limited has advised shareholders that the Zimbabwe government has expressed its intention to compulsorily acquire 27 948 hectares of mining claims. The claims are owned by the companys subsidiary group Zimbabwe Platinum Mines (Pty) Ltd.

    <..
  • Palabora Mining announces incidents that may affect production

    2013-03-05
    Palabora Mining Limited has announced that several incidents may affect the companys production.

    A south winder bearing hub bolt sheered on 13 February 2013 causing a reduction in ore hoisting to 50% of normal rates. The south winder was brought back into production on 24 February 2013.

    &..
  • Goldplat interim results, 13% increase in profit

    2013-03-05
    Goldplat Plc has announced its interim results for the period ended 31 December 2012. The companys performance has been driven by gold recovery operations in South Africa and Ghana, and includes a 13% in..
  • IMX Resources makes significant nickel intersections

    2013-03-04
    IMX Resources Limited has recently announced that it has made significant new nickel intersections from the drilling campaign at the Ntaka Hill nickel sulphide project in Tanzania. The programme was completed in November 2012.

    Highlights include t..
  • Gold Ones FY12 output soars following strategic acquisitions

    2013-03-01
    ASX and JSE listed Gold One International Limited reported on Thursday, results for the financial year ended 31 December 2012.

    The company reported a 96% increase in its FY12 production to 241 755 ounces of gold compared to the 123 179 ounces produce..
  • Wayne Norris resigns as Noble Mineral Resources Managing Director

    2013-02-28
    Noble Mineral Resources Limited has announced that further to the announcement regarding Board restructuring, Wayne Norris, a founding member of the company has resigned as Managing Director.

    The ASX listed company is currently searching for a su..
  • CEO of Pan African Resources resigns

    2013-02-28
    Pan African Resources Plc has announced the resignation of CEO Jan Nelson which will take effect from 1 March 2013.

    Mr Nelson has been instrumental in transforming Pan African Resources from the exploration phase to a
  • Glencore CEO critical of recently departed counterparts

    2013-02-27
    Glencore International Plcs Ivan Glasenberg, the only remaining CEO of minings big four has criticised his peers in a presentation to investors. 

    Glasenberg said of Cynthia Carroll (Anglo American Plc), Tom Albanese (Rio Tinto Plc) and Marius Kloppers (BHP Billiton Plc) The big guys really screwed up. 
  • Operations partially resumed at Sibanye Golds Beatrix mine

    2013-02-26
    Production partially resumed on Monday at Sibanye Gold Limiteds Beatrix Shaft 4 mine after operations were halted on Wednesday, 20 February 2013. 

    This was due to a fire that broke out at the