2014-04-16Goliath Gold Mining Limited has advised shareholders that it has received a summons from Covenant Mining and Finance (SA) Proprietary Limited and White Water Gold Proprietary Limited.The legal proceedings followed a series of events surrounding the sale of the Wit Nigel prospecting right. In August ..2014-04-15West African Resources Limited released an updated Independent Resource Estimate from the recent drilling conducted at the Mankarga 5 deposit in Burkina Faso.At a cut-off grade of 0.5g/t, the Indicated Resource increased by 12% to an estimated 10.8 million tonnes grading 1.3 g/t gold containing 437 ..2014-04-15Cape Lambert Resources Limited has advised shareholders that FE Limited has settled the amounts of two Loan Agreements owing to the company.FE Limited entered into a Loan Agreement with Cape Lambert Resources for AUD2 000 000 at a cash rate plus 3% interest rate in June 2011. The second Loan Agreeme..2014-04-15Tawana Resources Nl has successfully completed a Placement of 200 million ordinary shares at a price of $0.025 per share to institutional and professional investors.The Placement raised $5 million, before costs, which will be put toward the Pre-Feasibility Study and accompanying engineering/design and resource upgrades for the Mofe..2014-04-15Tiger Resources Limited has formed an alliance with mining contractor, MCK Trucks sprl.MCK Trucks has been a mining contractor at the company’s Kipoi copper project located in the Democratic Republic of Congo for..2014-04-14In March 2014, Amara Mining Plc announced a Placement to raise £18.2 million through the issue of 107 058 823 new ordinary shares and an Open Offer to raise up to £4.2 million through the issue of up to 24 468 439 new ordinary shares, both at an issue price of 17.0 pence per share.1 705 050 Open Offer shares were accepted by qualif..2014-04-14Baobab Resources Plc released the results of the second round of pyrometallurgical testwork conducted at the Tete project in Mozambique.The company reports that the completed second round of bench-scale beneficiation, reduction and smelting tests of oxidised iron ore confirmed the potential of a low impurity pig iron prod..2014-04-14Gold Fields Limited has released a brief update regarding its production results for Q1 2014.The company reports attributable group production amounted to an estimated 557 000 gold equivalent ounces for Q1 2014.All-in sustaining costs are expected to be $1 095/ounce while all-..2014-04-14Premier African Minerals Limited entered into an option agreement with AgriMinco Corporation in March 2014, whereby the company had the option to purchase a 30% interest in the Danakil potash project in Ethiopia.The TSX-V has proved the proposed transaction subject to AgriMinco receiving shareholder approval at a special meeting to..2014-04-11Birimian Gold Limited received analytical results from the exploration programme which was conducted at the Basawa Gold project in Liberia.The results, from the auger sampling conducted at the Before Camp and Newtown Prospects, yielded..2014-04-11Sula Iron and Gold Plc has commenced with a drilling programme to further define the Direct Shipping Ore (DSO) iron Mineral Resource Estimate at its Ferensola iron project located in Sierra Leone.The drilling programme is targeting DSO mineralisation contained in a 3.1km banded iron formation. A nine hole 2 000 metre drill programm..2014-04-09African Consolidated Resources Plc has announced the appointment of Roy Pitchford as the company’s new Acting Chief Executive Officer, effective immediately.Pitchford has over 20 years experience in senior management and executive positions within the African mining industry. He has served as Chief Executive Officer for African Min..2014-04-09Ncondezi Energy Limited released an update regarding the progress made on the 300 Megawatt power plant project in Tete, Mozambique.The company submitted a draft Power Purchase Agreement to Electricidade de Mozambique as well as an application to the Mozambican Department of Energy for a power concession. Both are anticipa..2014-04-09Sierra Rutile Limited has released its Q1 2014 operational update.The company reports a 12% increase in rutile production, from Q1 2013, to total 28.218 tonnes. Ilmenite production increased by 23% from Q1 2013 to amount to 6.868 tonnes.During the period the company continued ..2014-04-09DRDGOLD Limited has released an update regarding the commissioning of the fine grind and flotation circuit at the company’s Ergo operations in South Africa.The circuit involves the introduction of a floatation circuit, a set of fine gr..2014-04-08Universal Coal Plc has delivered the first thermal coal sale from the Kangala mine in the Witbank coalfield, South Africa.The company reports that the Run-Of-Mine coal, which was mined in February from Kangala, has been processed prior to being t..2014-04-08Tiger Resources Limited has increased the Mineral Resource at Kipoi Central, which is the principal deposit of the company’s 60% owned Kipoi Copper project located in the Democratic Republic of Congo.The Mineral Resource was increased by 7.5%, f..2014-04-04African Minerals Limited has released its unaudited results for the full year ended 31 December 2013.During 2013 the company completed the fastest major mine development which resulted in its Tonkolili iron ore mine, in Sierra Leone, being ramped up to 20 million tonnes per annum across a 200km rail and port infrastructure network...2014-04-03IMX Resources has announced the appointment of Gary Sutherland as the new Managing Director with immediate effect.Sutherland has extensive experience in the iron ore field and will be involved in the development of the company’s iron ore growth strategy as well as the portfolio of development and exploration projects. He ..2014-04-02Lonmin Plc has announced the intention of its Chairman, Roger Phillimore, to retire from the Board of Directors.The effective date of Phillimore’s retirement is 30 April 2014, following which Brian Beamish, current Independent Non-Executive Director, will assume the position of Interim Chairman.<..2014-04-02Sibanye Gold Limited has published its reviewed condensed, consolidated provisional financial statements for the year ended 31 December 2013.Operating profit increased by 28% from R5 730 million in 2012 to R7 358 million in 2013. Gold production was also reported to have increased by 17% to 44 474 kg.2014-04-02Strategic Natural Resources Plc announced that discussions with a potential strategic investor are still ongoing, subsequent to the announcement on 5 March 2014.There is no guarantee that the talks will yield positive results for the company, however the Directors of the company remain hop..2014-04-02DiamondCorp Plc has placed 41 526 000 new ordinary shares of 0.1 pence each in order to raise approximately £2.1 million.The placing of the shares was undertaken with a range of new and existing institutional and private investors in South Africa and the UK. The placement comprises of 5 00..2014-04-01Pan African Resources Plc’s Board of Directors has approved the commencement of construction of the Evander Tailings Retreatment project in South Africa.The project comprises a total Mineral Resource of 597 koz, with 57.8 million tonnes..2014-04-01Equatorial Resources Limited has been awarded a mining license for the Mayoko-Moussondji iron project located in the Republic of Congo.The license was awarded by the government of the Republic of Congo and is a major milestone for the company as it provides it with an exclusive 25 year right to develop and mine the project.2014-03-31Regency Mines has releases its interim results for the six month period ended 31 December 2013.The company reports revenue to have increased substantially from £187 266 in the corresponding period of 2012 to £1 037 693 for the period under review. The company further reports having reduced its loss after tax from continuing operati..2014-03-31Baobab Resources Plc released a summary of the measured resource estimate of the Tenge resource block at the company’s 85% owned Tete pig iron and ferro-vanadium project, in Mozambique.International geology and mining specialist, SRK Consulting (South Africa), concluded a review and reclassification of the Tenge resource ..2014-03-31Centamin West Africa Holdings Limited has announced that its takeover offer for the entire issued share capital of Ampella Mining Limited closed on 24 March 2014.Centamin West Africa now holds a greater than 90% stake in Ampella Mining and as such intends to acquire the remaining shares through the compulsory acquisition provision ..2014-03-31Kasbah Resources Limited’s Environmental and Social Impact Assessment for its Achmmach tin project located in Morocco has been approved.The approval granted by the National Committee for Environmental Impact Studies represents a major development milestone for the company’s project. Kasbah Resources can now finalise its monitoring ..2014-03-28Coal Of Africa Limited has received approval from the Department of Mineral Resources to dispose of the Opgoedenhoop mineral right.The company has received a deposit of R5 million for the mining right, which will be sold for R20.4 million. The balance of the consideration is payable within 12 months.
2014-03-26Randgold & Exploration Company Limited released its abridged consolidated financial statements for the year ended 31 December 2013.Income for the period resulted, mainly, from settlements and recoveries of R22 million, profit on sale of prospecting rights of R1 million and interest earned on cash investments of R11.4 millio..2014-03-26Central Rand Gold Limited has received confirmation from Redstone Capital Limited regarding the proposed share option take up.Redstone Capital agreed to take up the company’s rights under the Option Agreement and will be subscribing for 23 991 300 ordinary shares at a price of 8.78 pence per Ordinary Share. The subscription is for ..2014-03-26Anglo American Platinum Limited has announced that the National Union of Metalworkers South Africa (NUMSA) has accepted its wage offer and signed a Wage Agreement.The agreement, which is for the period 1 July 2013 to 30 June 2015, stipulates wages and other conditions of employment for operational employees. <..2014-03-26Wesizwe Platinum Limited has released its group financial statements for the full year period ended 31 December 2013.The group reports that 469 590 shifts were worked without any fatalities at the Bakubung platinum mine in South Africa. The main ..2014-03-25Papillon Resources Limited has commenced with the Definitive Feasibility Study for the Fekola gold project in Mali.The Definitive Feasibility Study, which is scheduled for completion during H2 of 2014, follows the successful completion of the Pre..2014-03-25Syrah Resources Limited has been infill drilling at the Mepiche zone at its Balama East operations, in Mozambique, with the aim of upgrading the resource.As a result of the drilling programme, the Mepiche zone now contains a Measured, Indicated and Inferred Resource of 214.3 million tonnes at a grade of 16.0% total graphitic carbon..2014-03-25Golden Rim Resources Limited has made final payment to secure the entire Balogo project located in Burkina Faso.The company is currently conducting a Feasibility Study on the project for the development of a gold mine on the high grade Netiana L..2014-03-24Peak Resources Limited released the Preliminary Feasibility Study results for its 100 % owned Ngualla rare earth project located in Tanzania.The Preliminary Feasibility Study confirmed that the Ngualla project is economically robust, wi..2014-03-24Premier African Minerals Limited has signed an Option Agreement with TSX-V listed AgriMinco Corporation whereby it will have the option to acquire 30% of AgriMinco’s Danakil potash project in Ethiopia.The Agreement is exercisable at Premier African Minerals’ discretion but is subject to approval by the TSX Venture Exchange.2014-03-24Drake Resources Limited has released the rock chip sampling results from its recently granted area within the Seimana project in Guinea.The results yielded gold assays of quartz veining in the vicinity of artisanal working, which include 70.8 g/t gold, 29.4 g/t gold, 17.8 g/t gold, 15.1 g/t gold and 13.1 g/t gold. The hig..2014-03-24Bauba Platinum Limited has entered into an Assets for Shares Agreement with various vendors for the acquisition of a 60% interest in the prospecting rights over the Moeijelik 412 KS and Waterkop 113 KT farms, in South Africa.2014-03-19Forbes & Manhattan Coal Corporation has reached a Settlement Agreement with Riversdale Mining Limited regarding the company’s proposal to acquire 100% of Riversdale Mining’s share capital.The company’s claim against Riversdale Mining is for the R45.5 million deposit currently being held in e..2014-03-19Gem Diamonds Limited has released its full year results for the period ended 31 December 2013.The company reports having successfully reduced the diamond damage at its Letsěng mine in Lesotho. 95 053 carats were recovered from the mine, generating an average of $2 043/carat. The mine treated 6.2 million tonnes and removed ..2014-03-19Aureus Mining Incorporated announced the completion of the ball mill foundations of the New Liberty gold projects’ processing plant, in Liberia.The completion of the ball mill foundations is a key milestone in the project’s construction schedule..2014-03-19Stellar Diamonds Plc reports that high grade, exceptional quality diamonds continue to be discovered at its 1.1 million carat resource Tongo kimberlite dyke project in Sierra Leone.The bulk sampling programme, which has delivered 2 150 tonnes of material to the sample stockpile, is part of the Definitive Feasibility Study which is ..2014-03-18Ferrum Crescent Limited released its interim results for the six months period ended 31 December 2013.The company reports its group assets of AUD 1 612 202 incurred a net loss of AUD 1 687 725. Cash in operations was $486 088, compared to $2 277 707 recorded in the previous corresponding period, and the company reported a..2014-03-18Amara Mining Plc announced the results of its Preliminary Economic Assessment for the company’s 100% owned Yaoure gold project in Côte d'Ivoire.The Preliminary Economic Assessment results indicate that Yaoure is a compelling gold development project. The results demonstrated an internal rate of return of 32% and a po..2014-03-17Hummingbird Resources Plc reports that the Indicated Resource estimate from its Tuzon deposit, in Liberia, increased to 42Mt at 1.5 g/t of gold for 2.0Moz within a $1 500/ounces gold constrained pit.The company reports its total resource inventory to have increased to 4.2 Moz and a significant increase in the Indicated Resource gra..2014-03-17Birimian Gold Limited’s aircore drilling programme has commenced at its Massigui project in Mali.The aircore drilling aims to evaluate the high gold potential prospects identified during the company’s aggressive, multifaceted exploration programme. Three drilling rigs have been mobilised to the project with the company expecting th..2014-03-14Merafe Resources Limited has released its financial results for the full year period ended 31 December 2013.The group reports production tonnes to have increased by 32% to 319 000 tonnes for the period, while revenue increased by 38% to R3.5 billion. The increase in revenue is attributable to the increase in ferrochrome s..2014-03-14Jubilee Platinum Plc has terminated the Implementation Deed which proposed the acquisition of 100% of the ordinary shares in Platinum Australia Limited.Both parties concluded that the agreement no longer offers optimal value for Jubilee Platinum’s shareholders, given current market conditions. They did, however, agree to continue d..2014-03-14Wesizwe Platinum Limited’s Bakubung platinum mine has received approval from the Board regarding the implementation of its optimisation study.The company saw an opportunity to undertake the optimisation study without negatively affecting the development of the mine, given that the mine development is currently in its shaft sinking ..2014-03-13West African Resources Limited released the results of the reverse circulation and diamond drilling programme conducted at its Mankarga 5 deposit part of the Boulsa project, in Burkina Faso.Significant results include 28 metres at 1.87 g/t gold ..2014-03-13African Consolidated Resources Plc has confirmed an ore Reserve Estimate of 16.6 million tonnes grading at 1.9g/t for 1.02 million ounces at its flagship Pickstone Peerless gold project in Zimbabwe.The ore Reserve Estimate, based on a gold price ..2014-03-12Sula Iron and Gold Plc has issued warrants subscribing to a total of 6 500 000 ordinary shares of 1 pence each to key staff members as part of the company’s incentive and retention strategy.Andrew Dacey, the company’s Non-Executive Technical Director, has been granted 2 500 000 of the warrants.
2014-03-12Goldplat Plc has released its interim results for the six month period ended 31 December 2013.The company reports having spent the period focusing on the restructuring of Goldplat’s gold recovery and mining business in Africa with the aim of making it more profitable in the changing economic environment.2014-03-11Anglo American Plc has appointed Themba Mkhwanazi as Chief Executive Officer of its coal business in South Africa, which will come into effect during Q2 2014.The appointment of Mkhwanazi follows the decision of Go..2014-03-11Lonmin Plc has announced the suspension of the facilitated negotiations relating to wage disputes and the strike action currently underway.The negotiations between Lonmin, Anglo American Platinum, Impala Platinum Holdings Limited and the Association of Mineworkers and Construction Union (AMCU) were ..2014-03-11Boss Resources Limited has entered into a binding Heads of Agreement with Gryphon Minerals Limited to establish a Joint Venture.The Joint Venture will be in relation to the company’s Golden Hill, Gourma and Tenkodogo gold projects located in Burkina Faso&..2014-03-11Kibaran Resources Limited has announced that the resource upgrade drilling programme at its Epanko deposit, in Tanzania, has begun.The programme aims to upgrade the existing JORC Inferred Mineral Resource, of 14.9Mt at 10.5% total graphitic carbo..2014-03-10Radcliffe Resources Limited has successfully raised AUD170 000, before costs, through the placement of 11 333 338 shares at a price of 1.5 cents per share.Proceeds from the placement will be put toward the further development of the Mbesi copper project in Tanzania.Radcliffe R..2014-03-10Gryphon Minerals Limited has released an update on its exploration activities in Burkina Faso and Mauritania.The Banfora gold project, in Burkina Faso, yield..2014-03-10African Rainbow Minerals Limited has released its interim results for the six month period ended 31 December 2013.The company reports Headline Earnings to have increased by 66%, from R1.41 billion for the corresponding period of 2012 to R2.34 billion for this period. Accordingly, Headline Earnings per Share have increased from 654 ..2014-03-10Giyani Gold Limited’s 57.7% owned subsidiary, Canoe Mining Ventures Corporation, has entered into an agreement to acquire 100% of Birch Hill Gold Corporation.Executive Chairman of Giyani Gold, Duane Parnham, commented, “Canoe is fulfilling its strategy of acquiring compliant gold resources in favourable geological environments that..2014-03-10Tawana Resources NL has announced the discovery of additional friable itabirite iron mineralisation at the Koehnko prospect at its Mofe Creek iron ore project in Liberia.The Maiden Resource drilling programme has been completed and the Maiden Re..2014-03-10West African Resources Limited has entered into an agreement to acquire the remaining 10% of the Tanlouka permit, part of the Boulsa project in Burkina Faso.Following this transaction, West African Resources will own 100% of the permit..2014-03-10Lucapa Diamond Company Limited announced that it has submitted an application for an alluvial diamond mining lease over part of the Lulo Diamond Concession in Angola.The company’s decision to apply for the mining lease is supported by its Joint Venture partners and is a result of the high grades and diamonds values that w..2014-03-07Gem Diamonds Limited has sold two +160 carat diamonds, which were recovered from the Letšeng mine in Lesotho, at the end of January.The two diamonds, one being 162.02 carats and the other 161.31 carats, achieved top prices during the February tender. The 162.02 carat diamond sold for $68 687 per carat ($11.1 million in to..2014-03-05Aura Energy Limited has completed a financing arrangement with the Australian Special Opportunity Fund and will receive up to AUD3.8 million over the next 24 months.The financing will provide the company with the necessary funds to complete the scoping study for its Reguibat project located in Mauritania. Completion of the scoping ..2014-03-05Sable Mining Africa Limited has completed the Preliminary Feasibility Study ('PFS') conducted on the Nimba Iron Ore project in Guinea.&..2014-03-05Centamin Plc has announced that its off-market takeover offer to Ampella Mining Limited is free from all defeating conditions and is now unconditional.Centamin through its subsidiary, Centamin West Africa Holdings Limited, now holds 126 321 285 shares, or 51.14%, in Ampella Mining. As such, Centamin has requested that Paul Kitto, R..2014-03-05Regency Mines Plc has converted £125 000 in unsecured convertible bonds 2014 into 39 976 973 ordinary shares of 0.1 pence each as requested by YA Global Master SPV Limited.The bonds will be converted under the convertible bond instrument, at a price of £0.0031268 per share. The company will, at the same time, convert £7,614 of inte..2014-03-05Continental Coal Limited released its operational and financial report for the half-year ended 31 December 2013.Revenue and other income from ordinary activities increased by 28% to AUD 39 900.The company reported a Basic loss per share of 2.29 and a net loss of $16 698 000 after providing for incom..2014-03-05Harmony Gold Mining Company Limited has announced the appointment of Alwyn Pretorius as the company’s new Chief Operating Officer.Pretorius’ appointment follows the resignation of Tom Smith from his role of Chief Operating Officer to pursue other business interests.Pretorius b..2014-03-05Royal Bafokeng Platinum Limited has released its unaudited results for the year ended 31 December 2013.The company reports its Serious Injury Frequency Rate to have decreased by 37% and Lost Time Injury Frequency Rate decreased by 9%. During the period the built-up platinum head grade improved by 8% from 4.07g/t to 4.38g/t.&nbs..2014-03-05Firestone Diamonds has appointed Glenn Black as the company’s new Chief Project Officer for the Liqhobong diamond mine in Lesotho.Black has 40 years experience in the mining industry and 30 years experience in senior project management. He previously worked for De Beers Group where he was involved in nine of the largest and most co..2014-03-04Regal Resources Limited has successfully completed the first diamond drill hole (DKAL_011T) of phase 1 drilling programme at the Kalongwe copper cobalt project located in Democratic Republic of Congo.The DKAL_011T is one of four drill holes which have been designed to confirm historic drill results. The company will combine the dri..2014-03-04Oklo Resources has announced the commencement of a geophysical survey programme conducted at its Dandoko gold project located in Mali.An Induced Polarisation survey programme will be undertaken on a series of line traverses across the Disse, Dlabarou, Selingouma and Gombaly targets for approximately two weeks. All these targets wer..2014-03-04
Kogi Iron Limited has announced a maiden ore reserve of 205 million tonnes at 45.7% iron found at its 100% owned Agbaja iron ore project in Nigeria.
The Maiden Reserve confirms the assumption of the Preliminary Feasibility Study that there is sufficient mineab..2014-03-04Universal Coal Plc has announced that production at its Kangala coal mine in South Africa has begun.The company is on track to deliver its first coal production in March 2014 as per the 2Mtpa offtake agreement with Eskom. Surplus production will then enter the export markets through the 100ktpa offtake agreement with Exxaro Resourc..2014-03-03Sentula Mining Limited has entered into a Sale of Shares and Claims Agreement with Roan Coal Proprietary Limited for the disposal of Benicon Mining Proprietary Limited.Benicon Mining is a 74% owned subsidiary of Sentula Mining and holds the Bankfontein mining right.In terms of the Sale Agreement, the company ..2014-02-26Centamin Plc, through its wholly owned subsidiary, Centamin West Africa Holdings Limited, has acquired the controlling interest in Ampella Mining Limited.Centamin West Africa holds 126 321 285 shares or 51.14% in Ampella Mining which allows the company the right to appoint a majority of the Directors to the Board of Ampella Mining ..2014-02-26Ncondezi Energy Limited has initiated a tender process to appoint a mining contractor for the design, engineering, commissioning, operation and maintenance of the Ncondezi coal mine which is to be located in Mozambique.The tender process follows the completion and publication of the optimised mine feasibility study in December 2013..2014-02-26Jubilee Platinum Plc has announced that the Private Power Purchase Agreement between South Africa’s national energy provider, Eskom, and the company’s subsidiary, Power Alt (Pty) Ltd, has been reinstated.The agreement was originally signed in December 2012 and has been reinstated due to the continued urgency for power sup..2014-02-26Impala Platinum Holdings Limited has given an update on the industrial action and the outcome of the talks between the Platinum sector and the Association of Mineworkers and Construction Union (AMCU).The parties have not managed to secure a resolution to the industry wage dispute which has continued for four weeks. The co..2014-02-26SacOil Holdings Limited has advised shareholders that it has entered into an Expression of Interest with The Instituto De Gestão Das Participações Do Estado and Public Investment Corporation (SOC) Limited.The purpose of the Expression of Interest is to govern the preliminary discussions, and formali..2014-02-25
West African Resources Limited has entered into an agreement to acquire a heap leach plant for the Mankarga 5 gold project in Burkina Faso.2014-02-25
Papillon Resources Limited announced that the recently granted Menankoto Sud Exploration Permit yielded positive results from the first shallow drilling programme.
Birimian Gold Limited announced the commencement of the company’s next exploration phase at the Massigui gold project in Southern Mali.
2014-02-21AngloGold Ashanti Limited released its financial report for the fourth quarter and year periods ended 31 December 2013.The company reports production of 4 105 million ounces at a total cost of $830 ounces. This is the first annual increase in production for AngloGold in nine years. Q4 production increased 43% over Q4 of 2..2014-02-20Tembo Gold Corporation announced the commencement of the 2014 in-fill and deep-drilling programmes, as well as the mobilization of the two diamond drilling rigs to its operations in South Africa.The company has designed and initiated the drill programme to further test previously drilled targets pursuant to the successful completio..2014-02-20True Gold Mining Incorporated has closed the Bought Deal Offering and Private Placement with Liberty Metals & Mining Holdings for total gross proceeds of C$519 million.The proceeds will be used for construction and development at the Karma Gold project located in Burkina Faso, as well as for the company’s mineral projects a..2014-02-20Petra Diamonds Limited has sold the 29.62 carat blue diamond recovered, in January 2014, from the Cullinan mine in South Africa.The diamond sold for $25 555 555, $862.780 per carat, following a highly competitive sales process. The diamond was purchased for Cora International NY, through the South African company Golden Y..2014-02-19Multi-commodity exploration company, Sula Iron & Gold Plc, has issued 250 000 new ordinary shares of 1 pence each.The issuing of shares follows the exercise of 250,000 warrants granted in October 2013. The company received valid notice of exercise and as well as funding of £7 500, which represents the exercise price of 3 pe..2014-02-19DRDGold Limited has released its financial report for the second quarter and six months period ended 31 December 2013.For Q2, the company reports a 4% decline in throughput to 5 856 000 tonnes. Revenue decreased 7% to R450.6 million due both to a decline of 4% in gold sold to 35 043 ounce and of 3% in the average gold pri..2014-02-19
African Barrick Gold Plc has released its preliminary results for the 12 month period ended 31 December 2013.
Jubilee Platinum Plc has received a notice of exercise by Darwin Strategic Limited to convert a further £450 000 of Darwin Strategic’s £1.85 million Convertible Loan Notes into equity.
West African Minerals Corporation has placed an additional 34 843 206 new ordinary shares to raise approximately £2.44 million.
Baobab Resources Plc has released the results of the initial drilling conducted at the Tete pig iron and ferro-vanadium operation in Mozambique.2014-02-18Rio Tinto Plc has released its financial results for the year ended 31 December 2013.The company reports underlying earnings to have increased by 10% to $10.2 billion, while operating cash costs improved by $2.3 billion, exceeding the company’s original target of $2.0 billion. Exploration and evaluations savings exceeded the compan..2014-02-18Tlou Energy has released an update from its Lesedi Coal Bed Methane project located in Botswana.The company reports continuation of the dewatering process at the Lesedi and Selemo gas production pilot wells. Due to greater than anticipated water flows, the company plans to increase the pump lift capacity on the wells.<..2014-02-18Base Resources Limited received an export permit for its maiden shipment of 25 000 tonnes of ilmenite, from the Kwale mineral sands project, in Kenya.The shipment was loaded on the bulk carrier MV African Eagle and left from the company’s marine facility on 12 February 2014; headed for a customer in China. The ship loade..2014-02-18Oklo Resources Limited has announced the auger drilling programme results from its Dandoko gold project located in Mali.The company reports having drilled 1 000 metres of the planned 3 000 metres drilling during December 2013 and January 2014. Initial results have been received and have successfully defined two new gold targets: Se..2014-02-14Mintails Limited has released an updated report on the temporary suspension of mining activities at the Randfontein cluster operations in South Africa.Mintails suspended mining activities on 4 February 2014, following the receipt of formal notice..2014-02-14Stellar Diamonds Plc has announced that further high grade diamonds have been returned from the bulk sampling programme at its 1.1 million carat Tongo dyke kimberlite project in Sierra Leone.The preliminary sample processing delivered 151 carats from 141 tonnes of kimberlite for a grade of 107 carats per hundred tonnes.&a..2014-02-14Kumba Iron Ore Limited‘s subsidiary, Sishen Iron Ore Company (Proprietary) Limited, has been granted a mining right for the Rail Properties at the Sishen mine, in South Africa.Sishen Iron Ore originally applied for the right in October 2013.2014-02-14Atlatsa Resources Corporation has moved its shares from trading on the TSX Venture Exchange to begin trading on the TSX main board.Atlatsa Resources’ shares will remain trading under the symbol “ATL”.Commenting on this, Chief Executive Officer of the company, Harold Motaung, c..2014-02-14In February 2014, Keaton Energy Limited had made an offer to acquire the entire issued share capital of Xceed Resources Limited by way of a Scheme of Arrangement and a Specific Issue.The Specific Issue is of 32 647 838 new Keaton Energy ordinary shares to Plusbay Limited, a wholly-owned subsidiary of Gunvor Group Limited, at an iss..2014-02-14Keaton Energy Holdings Limited concluded a R350 million financing facility with Investec Bank Limited.Investec has provided the company with a R300 million term loan and a R50 million working capital facility.R170 million of the term loan has been used to pay remaining balance..2014-02-12
West African Minerals Corporation has issued 52 797 738 new ordinary shares at a placing price of 7 cents per share together with one warrant for every two Placing Shares.2014-02-12GlencoreXstrata Plc has released a production statement for the full year period ended 31 December 2013.Copper production for the period had increased by 26% to 1.5 million tonnes. The key expansion projects at the Katanga and Mutanda operations, in the..2014-02-12Stratex International Plc has signed a Purchase Agreement with Aforo Resources Liberia Limited for its Sinoe gold exploration license in Liberia.Aforo Resources Liberia is a wholly owned subsidiary of the private Australian company, Aforo Resources ..2014-02-12Pan African Resources Plc has issued ordinary shares after share options, granted in 2008, were exercised under the company’s share option plan.Accordingly, 282 500 shares at a price of R0.83 per share were issued, for a total consideration of R234 475.The company has applied ..2014-02-12Aquarius Platinum Limited has released its financial results for the six months ended 31 December 2013.Aquarius Platinum reported a loss of $24 million for the period, despite continued improvement of operational performance at all operating mines. To..2014-02-11Firestone Energy Limited and its Waterberg Coal Joint Venture Partners have announced the completion of the feasibility study for an opencast mining operation, in South Africa, and delivered the results to Eskom.The study was to establish whether..2014-02-11Hodges Resources Limited has entered into an exclusive sale agreement with an international private company to divest 100% of its Salmon South and Marne gold projects in Ghana.2014-02-11Harmony Gold Mining Company Limited reduced its general costs quarter on quarter and kept production stable at 305 913 ounces of gold.The All-in Sustaining Costs were also reduced from R404 694/kg to R397 503/kg quarter on quarter and by 2..2014-02-11Paladin Energy Limited’s subsidiary, Paladin (Africa) Limited, has announced its decision to suspend production at its Kayelekera mine in Malawi.The operation will be placed on care and maintenance until such time as the uranium price recovers. The..2014-02-11Nyota Minerals Limited has released its quarterly report for the three month period ended 31 December 2013.During the period, Nyota Minerals completed the sale of 75% of its subsidiary, Nyota Minerals Ethiopia Limited, for a cash consid..2014-02-10Rockwell Diamonds Incorporated announced that African Renaissance Holdings Limited has agreed to partner with the company as its Black Institutional Investor, acquiring a 30% stake.African Renaissance will have equity stake of 30% in the Middle Orange operations. The two companies will become partners in Black Economic Em..2014-02-102014-02-07Hodges Resources Limited has lodged paper work with the relevant authority in Botswana for the transfer of the title from the joint venture partner to its newly incorporated entity.The new entity is called Morupule South Resources (Proprietary) Limited and the transfer of the project is expected to be completed during the next quar..2014-02-05Sibanye Gold Limited released its production update and trading statement for the quarter ended 31 December 2013.The company expects a 2% increase in gold production to 386 ounces and a decrease of between 6% and 9% decrease in average All-in costs.For the year ended 31 Decemb..