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..2015-03-04Bushveld 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..2015-03-04African 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 Director’s Committee with effect from 2 March 2015.Since his appointment into these positions, Maditsi ..2015-03-02Assore 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..2015-02-27Triton 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..2015-02-27Impala 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. &..2015-02-25Pan 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 Company’s 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..2015-02-25Base 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..2015-02-24Sipa 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..2015-02-24Canyon Resources Limited has entered into a binding Memorandum of Understanding with Bolloré 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..2015-02-24AusQuest 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. AusQuest’s Joint Venture partner intends to spend approximately $..2015-02-24Harmony 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.
2015-02-23Vast 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..2015-02-23Afrimat Limited’s 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..2015-02-19Petra 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..2015-02-19Consolidated Nickel Mines Limited’s 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..2015-02-19Sephaku Holdings Limited’s 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 ..2015-02-18Exxaro Resources Limited’s 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..2015-02-18DRDGOLD Limited’s CEO, Niël 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.DRDGOLD’s South African asset is an 11 million ounce, on-surface gold resource and the Company operates 2 processing plants with a through..2015-02-18Tharisa Plc’s 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 Company’s main asset and competitive advantage. ..2015-02-18Chrometco Limited’s 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..2015-02-18Anglo 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, ..2015-02-17Perseus 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..2015-02-17Globe 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..2015-02-17Malagasy 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..2015-02-17Cardinal 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..2015-02-17Acacia 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 Mining’s operational cash flow increased to $290 million, a 55% increase on 2013 w..2015-02-17African 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..2015-02-12Assore 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..2015-02-11Rockwell 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 Rockwell’s existing properties in the Middle Orange..2015-02-11Randgold 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..2015-02-11African 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..2015-02-11Eastern Platinum Limited’s shareholders have approved the transaction with Hebei Zhongbo Platinum Company Limited whereby Hebei Zhongbo Platinum Company would acquire the Company’s 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..2015-02-10Regal 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..2015-02-10Mozambi 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 Mineral’s Nicanda Hill project and 5 kilometres north of Syr..2015-02-10Aquarius 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..2015-02-10Sibanye Gold Limited’s 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..2015-02-09Bounty 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 ..2015-02-05KEFI 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 Company’s manageme..2015-02-04Aureus 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..2015-02-04Buffalo 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 conditionsand operational perform..2015-02-04Premier 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..2015-02-04ZCI 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..2015-02-03Tawana 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..2015-02-03Aquarius 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.2015-02-03Birimian 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 km². The new permit covers sim..2015-02-03Lonmin 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..2015-01-28Sable Mining Africa Limited, through its 80% owned subsidiary, West Africa Exploration S.A., has signed an Infrastructure Development Agreement with the Government of Liberia.The agreement relates to the development, ownership rights, financing, use and operation of rail and port infrastructure in the Republic of Liberia ..2015-01-28Gem Diamonds Limited has released its operational and sales performance trading update for Q4 2014.The Letšeng mine continued to perform strongly during the quarter as 25 525 carats were recovered in Q4 2014. The Group’s tender in December 2014 achieved an average of $2 799 per carat, resulting in an average va..2015-01-28Anglo American Platinum released its production report for the fourth quarter ended 31 December 2014.The Company reported that its group equivalent refined platinum production increased by 14% to 594 koz over Q4 2013. Production at Mogalakwena in Limpopo, South Africa, increased by 11% to 98 koz, attributable to increased..2015-01-28Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 December 2014.The Company’s 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..2015-01-28Village Main Reef Limited has made changes to its Board of Directors following a strategic review of the Company’s 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..2015-01-28StratMin Global Resources Plc has completed the oversubscribed placing of 18 947 369 new ordinary shares of 4 pence each at a placing price of 4.75 pence per Ordinary Share with certain existing and new institutional investor.Through the placing, the Company conditionally raised, in aggregate, gross proceeds of £900 000. The Placin..2015-01-27Coal of Africa Limited has been granted an Amendment of the Environmental Authorisation in terms of the National Environmental Management Act and the Environmental Impact Assessment Regulations for its Vele Colliery in South Africa.The amendment was granted by the South African Department of Environmental Affairs and is the first o..2015-01-27Towchester Investment Company Limited, a 100% owned subsidiary of Nyota Minerals Limited, was informed by the Ministry of Mines of the Ethiopian government that it will not be granted the alluvial mining licenses for the areas along the Abay River and its tributaries.The rationale behind denying the mining license is that..2015-01-27Elemental Minerals Limited has announced the development of an exploration target for the high grade sylvinite Hangingwall Seam at the Yangala prospect, Sintoukola potash project, located in the Republic of Congo.The exploration target has been delineated of between 235 to 470 million tonnes grading between 55% and 60% po..2015-01-23Resource Generation Limited has released its quarterly report for the three months ended 31 December 2014.The Company is currently developing its Boikarabelo coal mine in the Waterberg region of South Africa. There are probable reserves of 744.8 million tonnes of coal on 35% of the tenements under the company’s control. F..2015-01-23Birimian gold limited has announced that an Aircore drill rig has arrived on site at the Massigui gold project, located in Mali, and the Company has commenced with a 1 500 metre drilling programme.The aircore drilling programme commenced on the recently discovered mineralised zone at the Koting Prospect and along strike f..2015-01-21Cardinal Resources Limited announced that it has identified an additional high grade gold intersection at the Bolgatanga project in Ghana.The new intersection is located approximately 25 metres down dip from the 43 metres at 2.23 g/t gold from 87 metres vertical intersection at the Namdini mining license.<..2015-01-21Aziana Limited has announced the commencement of a diamond drilling campaign at its 100% owned Anosivola copper gold project located in Madagascar.The Company is set to commence with drilling during the first week of February 2015. The drilling programme has been designed to test prospects along the Anosivola east to Bevomanga zone..2015-01-21Dake Resources Limited has made an application for a trading halt of its securities, effective immediately.The Company has requested a trading halt pending an announcement that relates to a capital raising.Drake Resources is an ASX listed diversified mineral exploration and de..2015-01-21Kibo Mining Plc has entered into a Memorandum of Understanding for a 50/50 joint venture with Metal Tiger Plc on the Company’s Morogoro South gold prospective exploration portfolio in Tanzania.Morogoro consists of 18 licenses, offers, applications and tenders covering a combined surface area of approximately 1 400 square kilometres..2015-01-19Resolute Mining Limited has confirmed further high grade drill results from a major programme conducted at the Bibiani gold project located in Ghana.The Company reported further high grade gold intersections from the surface and underground diamond drill programme. Best intersections include 34.0 metres at 4.37 g/t gold from 289 me..2015-01-19On 20 March 2014, Nyota Minerals Limited’s 882 149 127 ordinary shares were admitted for trading on the Australian Stock Exchange but application to trading on AIM in respect of 7 975 343 ordinary shares was not made at the relevant time due to administrative oversights.Accordingly, application has now been made for the Application..2015-01-19Sula Iron & Gold Plc has released the results of reconnaissance fieldwork for coltan mineralisation carried out at the Company’s Ferensola project, in the Democratic Republic of Congo, since September 2014.The reconnaissance fieldwork was designed by SRK Exploration Ltd. It included Sula Iron & Gold's technical..2015-01-19On 13 January 2015, Northam Platinum Limited’s employees at the Zondereinde mine, located in South Africa, embarked on unprocedural industrial action.The Company advises that management has now taken a decision to temporarily suspend operations at the Zondereinde mine in the interests of securing the safety and security of employee..2015-01-19Arcelormittal South Africa Limited’s Chief Financial Officer, Matthias Wellhausen, has resigned from the Company and its Board, with effect from 15 March 2015.Wellhausen has been with the Company since 02 March 2013 and is leaving to pursue other career opportunities.2015-01-15Base Resources Limited has advised shareholders that the off-market takeover offer for World Titanium Resources Limited has been finalised.The offer price for the takeover will not be increased and the offer is set to close on 6 February 2015. The Company will not extend the offer unless all remaining conditions..2015-01-15Northam Platinum Limited confirmed that employees at the Zondereinde mine located in Limpopo, embarked on unprocedural industrial action with effect from the night shift on13 January 2015.The mine’s management is seeking to engage with representatives of the National Union of Mineworkers (NUM) in order to und..2015-01-14Sipa Resources Limited has identified strong chargeability induced polarisation anomalies at its Kitgum-Pader project in Uganda.The results were gathered from the Company’s gradient array survey which was carried out at the Pamwa zinc, silver and lead mineralised zone.2015-01-14Syrah Resources Limited has released an update regarding its lithium ion battery grade spherical graphite development using natural graphite from the Balama project located in Mozambique.The Company received initial feedback from Japanese anode and battery producers, who indicated that the uncoated Balama spherical graphi..2015-01-14Pan African Resources has released its six month trading statement for the period ended 31 December 2014.The Group expects its Earnings per Share and Headline Earnings per Share, calculated in rand value, to be between 60% and 80% lower than the 15.11 cents reported for the previous corresponding period of 2013.  ..2015-01-14Universal Coal Plc has announced a maiden JORC 2012 compliant coal Reserve Estimate for its Northern Open-Pit in Brakfontein in South Africa.The Company has completed its Pre-feasibility study and reported a maiden Proven Reserve of 9.62 million tonnes.Chief Executiv..2015-01-13African Minerals Limited and its partner, Shandong Iron and Steel Group, have agreed to release $12.96 million from the Tonkolili Iron Ore project’s restricted bank account in order to pay December 2014 salaries and taxes due in Sierra Leone.African Minerals holds a 75% stake in the Tonkolili project, while Shandong Iron and Steel ..2015-01-08Stellar Diamonds Plc has released a progress update on the trial mining currently being conducted at the Baoulé kimberlite pipe in Guinea.To date, the trial mining programme has yielded a total 2 145 carats at an average grade of 15 carats per hundred tonnes. High quality gems are continuously being recovered including 8...2015-01-08Mena International Petroleum Company Limited, a subsidiary of SacOil Holdings Limited, has commenced with field development operations at its 100% owned Lagia oil fields in Egypt.Schlumberger Egypt was appointed to conduct initial phases of development which will consist of the hydraulic stimulation of the Lagia 6, 7, 8, ..2015-01-07Eastern Platinum Limited announced it has reached an agreement with Hebei Zhongbo Platinum Company Limited to acquire Eastern Platinum’s entire South African platinum group metal business.The acquisition will include all major interests held by the Company’s existing minority partners and all the loan agreements that it h..2015-01-07Rockwell Diamonds Incorporated has entered into a conditional agreement to acquire certain alluvial diamond properties as well as the associated plant and equipment from Bondeo 140 CC for a total consideration of R284.2 million.The acquisition will substantially enlarge the Company’s operating and resource base in the Mid..2015-01-07Giyani Gold Corporation has advised shareholders that the Letter of Intent agreement with the shareholders of Horizon Enerji A and Sumo Coal (Pty) Ltd has expired.The agreement expired in accordance with its terms as a definitive agreement was not entered into by 31 December 2014. Giyani Gold’s share were suspended from t..2015-01-07Baobab Resources Plc has advised shareholders of the resignation of Mohan Kaul from his position as a Non-Executive Director with effect from 1 January 2015.The Company reported that it’s in the process of searching for a new Non-Executive Director who will add value in the final stages of the Definitive Feasibility Study..2015-01-06Kibo Mining Plc has released an operational update for the final quarter of 2014.The Company reports the completion of stage 1, phase 1 of the Definitive Mining Feasibility Study for its Rukwa coal to power project located in Tanzania. The power Pre-Feasibility Report for the Rukwa power plant was also completed. ..2014-12-30Camac Energy Incorporated announced the arrival of the semi-submersible drilling unit, Sedco Express, to the Oyo Field located in Nigeria.The Company contracted the Transocean Sedco Express to expedite the timing of production tie-in from the Oyo-7 and Oyo-8 development wells. The rig will be used to complete the Oyo-7 an..2014-12-29Aureus Mining Incorporated completed its phase four drilling programme conducted at its Ndablama gold project in Liberia and updates on a NI 43-101 resource.The phase four drilling programme successfully extended the Ndablama resource area along strike and down dip covering a north-south strike of 1 000 metres and down to..2014-12-29Premier African Minerals Limited confirmed that it has placed an order for the process plant for the RHA Tungsten project in Zimbabwe.The process plant is designed to meet a throughput of 16 tonnes per hour or 8,000 tonnes per month and a wolframite recovery of 82.8%. The modular plant will be built in Johannesburg by Appropriate P..2014-12-29Rockwell Diamonds Incorporated has released its quarterly production and sales update for the three months ended 30 November 2014.As of 05 December 2014, the Company’s Middle Orange River operations in South Africa, achieved a record 4.7 million lost time injury free hours. The earthmoving vehicle renewal plan at Saxendr..2014-12-22Oklo Resources Limited announced the commencement of a detailed Induced Polarisation geophysical survey at its Dandoko gold discoveries in Mali.The new Induced Polarisation will run for approximately three weeks into early January 2015. In preparation for the survey, the Company commenced with line clearance on 12 December 2014 and..2014-12-22Swala Energy Limited reached an agreement with Tullow Oil Kenya B.V and CEPSA Kenya Limited regarding equity distribution in respect of the Joint Operating Agreement for Block 12B located in Kenya.As of 31 August 2014, Tullow Oil Kenya, the operator, will have 50% equity in Block 12B and Swala Energy Kenya Limited will also have 50..2014-12-22Kibo mining Plc has received the final Preliminary Environmental Assessment report for its Imweru gold project in Tanzania.The Company reports that the results of the Preliminary Environmental Assessment confirm and in certain aspects exceed its expectations of the technical and commercial value of the project.2014-12-22SacOil Holdings Limited has advised shareholders to exercise caution when trading in the Company’s shares.The Company wishes to initiate a process of balancing and rationalising its portfolio of assets which is expected to have a material impact on the price of the Company’s securities.&..2014-12-22In August 2014, Coal of Africa Limited announced a capital raising through 695 million shares at an issue price of £0.055 which is to be implemented in a two stage process.The Company further announces that all participants of the capital raising have agreed to split the second stage.<..2014-12-22Central Rand Gold Limited is undertaking a placement and subscription and has announced that Redstone Capital Limited intends on exercising its warrants.The Company will place 5 000 000 new ordinary shares and open an offer for subscription of 5 200 000 new ordinary shares at a price of 10 pence per share.<..2014-12-19African Copper Plc’s ZCI Limited, has entered into an additional loan facility of $2.5 million to be provided to its subsidiary, Copperbelt Development Foundation.ZCI entered into the additional agreement in order to provide its Copperbelt Development Foundation with further working capital for the Mowana Mine facilities. The facil..2014-12-19Baobab Resources Plc has been granted a Mining Concession for the Tete pig iron and ferro-vanadium project located in Mozambique.The Mining Concession was granted by the cadastre division of the National Department for Mines and is valid for a period of 25 years and renewable for a further 25 years.&..2014-12-19Beacon Hill Resources Plc has requested that trading of its ordinary shares on the AIM have been suspended with immediate effect.The decision to suspending trading followed the materiality of the resolutions to be proposed at the General Meeting.The Company will upda..2014-12-19Afarak Group Plc’s subsidiary, Mogale Alloys (Pty) Ltd, has completed the installation of ferroalloy refining and granulation plant in South Africa.The Company reported that the plant is now operational and that the significant part of the current ferrochrome production can now be converted to granulated medium carbon ferrochrome. ..2014-12-17African Minerals subsidiary, African Railway and Port Services Limited, has entered into a temporary infrastructure access agreement with Timis Mining Corp Ltd.Before African Railway and Port Services entered its temporary cessation of operations, it had been in discussions with Timis Mining to finalise an interim infrastructure ac..2014-12-17Gemfields Plc has completed the acquisition of two additional licenses for ruby deposits in Mozambique.The licenses were granted by the Mozambican government to Gemfields’ 75% owned subsidiary, Megaruma Mining Limited. The licenses do not border each other but do share a boundary with Gemfields’ 75% owned Montepuez ruby deposit. Th..2014-12-17SacOil Holdings Limited has announced the appointment of Damain Matroos as Chief Financial Officer of the Company, with effect from 1 February 2014.Tariro Mudzimuirema, current acting Chief Financial Officer, will return to her previous role as Financial Manager.Matroos is a q..2014-12-15Lucapa Diamond Company Limited has appointed Stephen Wetherall as the new Chief Executive Officer of the Company as part of the executive restructuring process.In addition, the Lucapa Diamond Company appointed Nick Selby as the new Chief Operating Officer.Wetherall is a qualif..2014-12-15Kibo Mining Plc has received the Power Pre-Feasibility Study report for its Rukwa coal to power project located in Tanzania.The report confirms two components to the Rukwa coal to power project, Coal Mining and Power Generation.Results from the Power Pre-Feasibility Study have..2014-12-15On 20 August 2014, Zimplats Holdings Limited announced the precautionary closure of the Bimha mine in Zimbabwe following an underground collapse which occurred at the mine.Stakeholders are advised that, after carrying out a comprehensive risk assessment to ensure safe operations and effective evacuation procedures, the Company comm..2014-12-12Equatorial Resources Limited has signed a Mining Convention Agreement with the Republic of Congo for the development and management of the Mayoko-Moussondji iron project located in the Republic of Congo.The fiscal rights and legal obligations of both the government and the Company with respect to the mining license have been define..2014-12-10African Potash Limited has released its results from the recently completed exploration drilling programme conducted at its Lac Dinga potash project in the Republic of Congo.The assay results obtained from the drilling programme confirm the presence of numerous potash seams at the Lac Dinga project. Best results from the drilling p..2014-12-10Anglo American Platinum Limited has released an operational update and reports an improvement in the Company’s underlying operational performance despite a challenging labour environment.The Company reported that it is likely to deliver 1.8 million platinum ounces following the quick and successful ramp-up at the upper end of guida..2014-12-10Kibo Mining Plc has released its phase 1, stage 1 findings from the Definitive Mining Feasibility Study relating to the Rukwa coal to power project in Tanzania.Results from the study identified four financially feasible alternative options for project development. The Company estimated annual coal sale revenue to be betwe..2014-12-10Oklo Resources Limited announced the completion of its one for twenty capital consolidation.The capital consolidation, approved by an ordinary resolution of shareholders, was achieved through the conversion of twenty fully paid ordinary shares and options into one fully paid share or unlisted option.2014-12-09IMX Resources Limited has received additional assay results from its Reverse Circulation drilling programme conducted at the Chilalo graphite project located in Tanzania.Best results included 32 metres at 11.4 total graphitic carbon, 16 metres at 11.7% total graphitic carbon, 18 metres at 11.8% total graphitic carbon and ..2014-12-09Tiger Resources Limited has released an update from its Kipoi copper operations located in the Democratic Republic of Congo.The company had previously announced the completion of the solvent extraction and electrowinning plant and the project continues to produce at nameplate capacity of 25 000 kt per annum.&..2014-12-09DiamondCorp has announced the end of the industrial action taken by Association of Mineworkers and Construction union members at its Lace mine in South Africa.AMCU members began striking following a dispute regarding managements refusal to employ two additional full-time shop stewards, the Union currently has five full-time shop st..2014-12-09Oando Energy Resources Limited has announced the completion of the 45 000 barrels per day, 51km Umugini pipeline in Nigeria.Over the past year, the Company has completed wells 5, 6 and 7 bringing oil production capacity to a gross total of 7 140 boepd for the company and Energia Limited, the operator of the project. Oando Energy Re..2014-12-03Caledonia Mining Corporation announced that it is in the process of filing a Technical Report as well as a Preliminary Economic Assessment for the revised investment plan for its Blanket mine in Zimbabwe.The justification for the revised plan is to improve underground infrastructure and logistics at the Blanket mine and a..2014-12-03AngloGold Ashanti Limited announced the appointment of Albert Garner and Maria Richter as Non-Executive Directors with effect from 1 January 2014.Garner has extensive experience in capital markets, corporate finance and mergers and acquisitions. He currently serves as a Senior Banker at Lazard Frère & Co., LLC lea..2014-12-03Kibo Mining Plc has received the final report for Phase 1, Stage 1 pertaining to the Rukwa coal to power project’s Definitive Mining Feasibility Study.The Company’s appointed Independent Consultant, Minxcon Projects, delivered the key report on schedule. The report demonstrated an overall estimated profitability that is significant..2014-12-02Cardinal Resources Limited discovered further high grade gold intersections in the vicinity of the previously discovered 43 metres gold intersection within the Namdini mining license located in Ghana.Significant gold intersection includes 9 metres at 8.46 g/t from 85 metres vertical. Other results from further Reverse Circulation d..2014-12-02Kimberley Diamonds Limited has received approval from the Department of Environmental Affairs regarding the transfer of the authorisation of the previously approved Environmental Impact Assessment from DiamonEx Botswana.DiamonEx Botswana is the previous owner of Lerala Diamond Mines Limited.
2014-12-02Anglo American Platinum Limited has released its trading statement for the 12 months ending 31 December 2014.The Company reported that Headline Earnings and Headline Earnings per Share will be 20% lower for the 12 months ended 31 December 2014. The decrease in Headline Earnings and Headline Earnings per Share has been att..2014-12-02In November 2014, African Eagle Resources Plc’s newly incorporated South African subsidiary entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.Pursuant to this, both parties have agreed on an extension to the Agreement for the date by which the condition needs to be satis..2014-12-02Viking Mines Limited’s corporate advisors, Emerald Partners Limited, has completed a strategic review of the Company’s Ghanaian gold assets.A number of interested parties, who are interested in acquiring the Company’s Ghanaian gold projects, have been contacted and confidential access to Viking Mines’ detailed project dat..2014-12-01North River Resources Plc has completed its Definitive Feasibility Study for the Namib lead zinc silver mine in Namibia.The study indicated a Maiden Mineral Reserve of 585 000 tonnes at 6.2% zinc, 2.9% lead and 46 parts per million of silver. The Definitive Feasibility Study confirmed that the project has a robust economi..2014-12-01Chrometco Limited released its interim consolidated financial results for the six months ended 31 August 2014.During the period under review, the Company focussed on finalising a mining services and ore sales agreement with International Ferro Metals SA (Pty) Limited. Another major focus was the exploration and drilling p..2014-11-27Atlatsa Resources Corporation released its operational and financial results for three and nine months ended 30 September 2014.The Bokoni mine performed well during the period under review as it achieved its best production volume since 2006.Reve..