2015-05-20South 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 ..2015-05-20South32 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 Company’s ordinary shares are expected to commence trading on a normal settlement basis on 2 June 2015. South32 will also have a secondar..2015-05-20Tawana 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 CAD’s 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..2015-05-19Kibaran 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..2015-05-19South 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 ..2015-05-19Mozambi 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..2015-05-19Walkabout 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.<..2015-05-15Minemakers 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..2015-05-15Liontown 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..2015-05-14Sibanye Gold Limited has announced the appointment of Jiyu Yuan as a Non-Independent Non-Executive Director of the Company’s 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..2015-05-13Arcelormittal South Africa Limited has released its unaudited operational update for the quarter ended 31 March 2015.The Company’s 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.<..2015-05-13Randgold 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..2015-05-12Minemakers 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 kilometer² small min..2015-05-12BHP 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.<..2015-05-12Premier 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..2015-05-12Cardinal 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..2015-05-11IMX 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..2015-05-08Harmony 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.2015-05-07Tawana 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 ..2015-05-06Premier 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..2015-05-06Paragon 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..2015-05-05Ferrum 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..2015-05-05Nyota 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..2015-05-05Coal 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..2015-05-04Syrah 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..2015-05-04The 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.2015-05-04Sibanye 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..2015-05-04Kasbah 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.
<..2015-05-04Tawana 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 Tawana’s Resourc..2015-05-04Challenger 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..2015-05-04Nyota 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..2015-04-29Edenville 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..2015-04-29Premier African Minerals Limited has released a construction progress update for its RHA tungsten project in Zimbabwe.The Company’s 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..2015-04-28Intrepid 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.<..2015-04-28Botswana 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.<..2015-04-28Kibaran 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.<..2015-04-28Petmin 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.<..2015-04-28Northam 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 Mining’s assets has become unconditional.The acquisition is being carried out in two parts. Part A is the acquisition of Everest’s equipment and as..2015-04-28Kumba 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..2015-04-28DRDGOLD 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..2015-04-24Petra Diamonds Limited has announced the launch of $300 million notes in issue, increasing its senior lender debt facilities.The Company’s 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.2015-04-24Regal 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..2015-04-23Coal 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..2015-04-22Shanta 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..2015-04-22Base 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 ..2015-04-22Stellar Diamonds Plc has released an operational update from trial mining at its 75% owned Baoulé 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..2015-04-22Tawana 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..2015-04-22Merafe 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.2015-04-22BHP 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 ..2015-04-21Kibo 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..2015-04-21IMX 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..2015-04-21Kinetiko 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, ..2015-04-21Petra 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..2015-04-20Kibaran 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.2015-04-15Tawana 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..2015-04-15Tharisa 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..2015-04-14Kibaran 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 ..2015-04-14Endeavour 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 ..2015-04-14KEFI Minerals Plc has announced that it will be signing a Mining Agreement with the Ministry of Mines of the Democratic Republic of Ethiopia for it’s 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..2015-04-14StratMin 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..2015-04-13Acacia 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 Company’s footprint at the prospective Houndé belt in Burkina Faso as the land package has been expanded to approximately 2 400 kilometre².&nbs..2015-04-13MetaLeach 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..2015-04-13Cardinal 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 ..2015-04-13Eastern 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..2015-04-13Oando 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..2015-04-09Centamin 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 Company’s quarterly throughput at the process plant tot..2015-04-09Oando 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..2015-04-08Lucapa 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.<..2015-04-08Tawana 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..2015-04-08Triton 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..2015-04-08IMX Resources has released an update on its Chilalo graphite project in Tanzania.The Group’s 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..2015-04-08Premier 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.2015-04-08BHP 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..2015-04-08Metals 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..2015-04-02Sierra 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..2015-04-02African 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 project’s commercial potential was further d..2015-04-02Atlatsa 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..2015-04-02Kibo 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..2015-04-01Ferrum 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..2015-04-01Otjozondu 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..2015-04-01Botswana 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..2015-04-01Exxaro 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 Company’s Chief Executive Officer designate from 1 May 2015 to 31 March 2016, wh..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..2015-04-01Kibaran 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..2015-03-31Cardinal 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..2015-03-30Emerging 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 ..2015-03-30Stellar Diamonds Plc released its interim results for the six month period ended 31 December 2014.Trial mining at the Baoulé 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..2015-03-26Firestone Energy Limited has advised Shareholders of its application to have its shares suspended from trading.The Company’s shares have since been suspended from trading on the ASX, where Firestone Energy has a primary listing, as well as the JSE, the Company’s secondary listing.2015-03-26Tawana 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 meeting’s main focus will be to negotiate the Mofe Creek Mineral Development Agreement under the Chairmanship of the L..2015-03-26Centamin 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..2015-03-26Jubilee 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 Group’s gross profit increased to R23.7 million from R15.5 million, representing a 34% increase when co..2015-03-25Stellar 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 ..2015-03-24Cardinal 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 Company’s Bolgatanga project in Ghana.The Company reports that 35 metres up dip and 50 metres down mineralised extensions and int..2015-03-24Chrysalis Resources Limited’s 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.2015-03-23Golden 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..2015-03-23Weatherly International Plc has released its unaudited interim results for the six month period ended 31 December 2014.The Company’s 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..2015-03-20Erin 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..2015-03-18Lemur 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..2015-03-18Coal 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...2015-03-18African 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..2015-03-18Kibo 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..2015-03-17Paragon 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..2015-03-17Golden 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..2015-03-17Kasbah 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..2015-03-17Camac 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 OML’s 120 and..2015-03-16Sipa Resources Limited has announced the appointment of Craig McGown as Director and Non-Executive Chairman of the Company’s Board.McGown’s 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..2015-03-16Sentula 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.
2015-03-11Sula 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 Gold’s 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..2015-03-11Stratmin 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..2015-03-11Kibo 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..2015-03-11Rockwell 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..2015-03-11AngloGold Ashanti Limited has announced the appointment of Chris Sheppard as Chief Operating Officer of the Company’s operations in South Africa.Sheppard is taking over for Mike O’Hare who is set to retire early during the course of 2015, after serving for 40 years at AngloGold Ashanti. Sheppard’s appointment will take ef..2015-03-10Transworld 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..2015-03-10Lucapa 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..2015-03-10Oklo 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..2015-03-09Exxaro 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 2014.2015-03-09Callabonna Resources Limited reported that its joint venture partners, Mali Manganese has filed for a review regarding the Supreme Court of Mali’s earlier decision about the transfer of the Ansongo mine lease in Mali.The Company’s drilling programme and all non-essential expenditure remain on hold untill the issue has bee..2015-03-06Impala 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..2015-03-04Strandline 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..2015-03-04Magnis 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..2015-03-04Mwana 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..