2014-10-22Stellar Diamonds Plc has announced the recovery of large diamonds from its trial mining programme at the Baoulé kimberlite pipe in Guinea.196 carats have been recovered to date from the pipe with an average grade of 17 carats per hundred tonnes, which surpasses the original expectations of 13 carats per hundred tonnes.&..
2014-10-22Shanta Gold Limited has released a production and operational update for the quarter ended 30 September 2014.The company reports a record gold production total of 22 720 ounces, representing a 4% increase from the previous quarter.Gold sales amounted to 18 600 ounces at an ave..2014-10-22Wescoal Holdings Limited released an operational and trading update for the six months ended 30 September 2014.For the period under review, 942 291 tonnes of coal were produced by Wescoal, an increase of 5% when compared to coal production of 895 185 tonnes during the same period of 2013. The trading division recorded an ..2014-10-21Kunene 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 company’s project indicated strong and distinct chargeability anomalies.Th..2014-10-21West 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..2014-10-21Tiger Resources Limited has acquired the remaining 40% shareholding in Societe d’Exploitation 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.
&..2014-10-21Sovereign 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.2014-10-21Elemental 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..2014-10-15Endeavour 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 d’lvoire.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..2014-10-15Sable Metals & Mineral Limited’s subsidiary, Great 1 Line Invest (Pty) Ltd, entered into a shareholder’s 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..2014-10-15Sable 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.
&..2014-10-15On 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 Sheba’s Ridge Platinum (Pty) Ltd.The Sale Agreement was subject to, amongst other things, receiving Chinese G..2014-10-15Magnis 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..2014-10-15Premier 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..2014-10-14Chrometco 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 ..2014-10-14Sierra 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.<..2014-10-14Chalice 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 company’s Founder and Executi..2014-10-13Beacon 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..2014-10-10Jacka Resources Limited’s 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..2014-10-08Lonmin 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.<..2014-10-08Kibo 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 725Directors and Senior Management at Kibo Mining are participating in the Placement for a total amount of GBP 55 725.2014-10-08Buffalo 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 ..2014-10-07Green Rock Energy Limited has executed two binding option agreements to acquire 10 additional exploration licenses which surround the company’s existing licenses in Tanzania.6 out of 10 new graphite exploration licenses are adjacent to the company’s highly prospective Makonde license.
2014-10-07Kasbah 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.2014-10-07Sentula Mining Limited’s 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..2014-10-07Hummingbird 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.<..2014-10-06Premier 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..2014-10-06Metals 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..2014-10-03Sunland 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..2014-10-03Kimberley 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.
2014-10-02African 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..2014-10-02Aureus 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..2014-10-01Delrand 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 company’s net asset value as at 30 June 2014 amounted to CAD1 745 816. Accumulated deficit at the end ..2014-10-01Kibo 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..2014-10-01Anglo 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.<..2014-09-30Burey 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 week’s time. The first set of results are ..2014-09-30StratMin 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 ..2014-09-30CAMAC Energy has announced the results of an independent assessment of four of the company’s offshore Nigeria prospects.The independent assessment, conducted by DeGolyer and MacNaughton, increased the company’s unrisked P50 recoverable resources from 537 million barrels of oil to 2 377 million barrels of oil...2014-09-30MOD 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 ..2014-09-26Newfield 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.2014-09-26KEFI 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 company’s increased production target and its plans to re-activate the mining license application with the aim of beg..2014-09-25Tawana 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 project’s sustainable and robust Scoping Study. The Mineral Developmen..2014-09-23West 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..2014-09-23Rockwell 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.2014-09-23Botswana 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.
2014-09-23Kasbah 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..2014-09-22Coal 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..2014-09-22Bauba 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..2014-09-19Kibo 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.
2014-09-19Magnum 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..2014-09-17Tawana 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..2014-09-17Operations at Buffalo Coal Corporation’s 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..2014-09-17Waterberg Coal Company Limited released an operational update.Waterberg Coal Company’s 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..2014-09-17Beacon 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.&..2014-09-17Pan 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..2014-09-16Cardinal 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..2014-09-16CAMAC 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..2014-09-15Bassari 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..2014-09-11Petmin 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.
<..2014-09-11AngloGold 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 Ashanti’s gold exploration and production assets that are located outside of South Africa...2014-09-10African 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..2014-09-10Bauba 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..2014-09-10Premier 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..2014-09-10LP 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 Hill’s enlarged issued share capital and are subject to admission for tradi..2014-09-10Pan 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..2014-09-09OGI 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..2014-09-09Tawana 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..2014-09-09Wesizwe 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...2014-09-08Predictive 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 ..2014-09-08KEFI 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.<..2014-09-08Green 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% ..2014-09-08Celamin 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..2014-09-05Rand 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..2014-09-03True 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..2014-09-03Robex Resources Incorporated’s Nampala mine, in Mali, is set to commence with production as set out in management’s 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..2014-09-03Legend Gold Corporation has stopped all exploration and other activities at its Republic of Congo operations following a report received from the company’s geologists.The report indicated that small scale operations were not viable under the current market conditions.2014-09-03Central 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 Gold’s metallurgical plant and determine if it c..2014-09-02Discovery 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.2014-09-02Wesizwe 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. &..2014-09-01Stratex 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..2014-09-01Atlatsa 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..2014-08-29Birimian 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..2014-08-29MOD Resources Limited has raised AUD2 million in a two tranche placement, following the recent positive results from the company’s 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..2014-08-28DiamondCorp 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..2014-08-28Perseus 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 ..2014-08-27Kenmare 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..2014-08-26Coal 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..2014-08-26Sylvania 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 group’s dumping operations increased by 29% yea..2014-08-26Exxaro 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..2014-08-26African 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..2014-08-26Triton 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..2014-08-25Kibo 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..2014-08-25Gold 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..2014-08-25Universal 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..2014-08-25Prospect 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..2014-08-21Stratex International Plc has released its unaudited interim results for the six months ended 30 June 2014.Drilling carried out at the company’s Dalafin project, in Senegal, returned positive results from both the Faré South prospect and the Madina Bafé prospect. Broad zones of gold mineralisation h..2014-08-20African 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...2014-08-20AngloGold Ashanti Limited’s 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 company’s shares on..2014-08-19Kibaran 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..2014-08-18Kasbah 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: ..2014-08-18Trochilidae 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..2014-08-18KEFI 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.<..2014-08-18Oando 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..2014-08-18Golden 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..2014-08-15BHP 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..2014-08-15Shaw River Manganese Limited has entered into an agreement with Bryve Resources (Pty) Ltd to receive funding for the development of the company’s 100% owned Otjozondu manganese project located in Namibia.Bryve Resources has agreed to p..2014-08-14Northam 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..2014-08-14Harmony 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..2014-08-14Avocet 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 ..2014-08-13African 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..2014-08-13Tjate 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.2014-08-13Stellar Diamonds Plc has released an operational update from its Baoulé 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.
&..2014-08-12Camac 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..2014-08-12Aquarius 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.
2014-08-11AngloGold 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..2014-08-11Tawana 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.2014-08-11Kogi 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..2014-08-11Botswana 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..2014-08-11African 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.2014-08-11IMX 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..2014-08-08Wescoal Holdings Limited’s 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 company’s Intibane Colliery in South Africa.&l..2014-08-07Randgold 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..2014-08-06Oando Plc has completed its acquisition of ConocoPhillips’ Nigerian Upstream oil and gas business for a total consideration of $1.5 billion.