LATEST NEWS

  • Anglo American Platinum’s production decreases by 40%

    2014-07-23
    Anglo American Platinum Limited released its production report for the second quarter ended 30 June 2014.

    The company reports a 40% decrease in total equivalent refined platinum production to 358 000 ounces. The substantial decrease is attributed to the five month long industrial action which affected the company’s Rustenburg, Amand..
  • Stratex International to subscribe to GoldStone Resources shares

    2014-07-23
    GoldStone Resources Limited has announced that Stratex International Plc has proposed to subscribe to 20 833 333 new ordinary shares at a price of 6 pence per share.

    The subscription will take place after the completion of the proposed 1 for 10 Share Consolidation.

    Following the..
  • Aquarius Platinum concludes wage agreements

    2014-07-22
    Aquarius Platinum Limited has announced that Aquarius Platinum (South Africa) (Proprietary) Limited, its wholly owned subsidiary, has reached separate three year wage agreements.

    The wage agreements were concluded with the National Union of Mineworkers (NUM) and Solidarity for their respective members working at Kroondal mine, in So..
  • Buffalo Coal Corporation announces changes to the Board

    2014-07-21
    Buffalo Coal Corporation has announced the resignation of Bernard Wilson from the Board of Directors, with effect from 07 July 2014. 

    Wilson served on the Board as a Director and the Chairman of the Governance Committee.

    The company wishes to thank Wilson for his contri..
  • MOD Resources releases update on Mahumo project

    2014-07-21
    MOD Resources Limited has released an update on its Mahumo copper/silver project, located in Botswana. 

    After previous drilling conducted at the project had confirmed the copper/silver mineralisation, a preliminary conceptual study has been undertaken with the aim of evaluating the potential for development of the West and ..
  • Triton Minerals successfully completes $8.5 million placement

    2014-07-21
    Triton Minerals Limited has announced the successful completion of a placement to investors of 17 million fully paid ordinary shares at a price of $0.50 per share to raise $8.5 million. 

    Following the successful $8.5 million capital raising the company will accelerate exploration activities and studies at Balama North. The ..
  • Elemental Minerals appoints new Managing Director

    2014-07-21
    Elemental Minerals Limited has announced the appointment of John Sanders as the new Managing Director.

    Sanders will be taking over from Ian Macpherson who intends to continue serving on the Board as a Non-Executive Director.

    Sanders has over 30 years experience in the African ex..
  • Keaton Energy releases quarterly production update

    2014-07-21
    Keaton Energy Holdings Limited released its quarterly production report for the period ended 30 June 2014.

    The company’s Vanggatfontein Colliery, in South Africa, delivered 617 324 tonnes of washed 2-seam and 4-seam thermal coal to Eskom, represen..
  • Argosy Minerals announces changes to the Board

    2014-07-21
    Argosy Minerals Limited has announced the appointment of Ranko Matic and Jerko Zuvela to its Board of Directors, effective immediately.

    Matic is a qualified Chartered Accountant with 25 years of experience. He has worked in areas of finance, accounting, business, audit and corporate advisory. He is a Director and Company Secretary o..
  • Royal Bafokeng Platinum concludes a wage agreement with NUM

    2014-07-21
    Royal Bafokeng Platinum Limited has successfully concluded a wage agreement with the National Union of Mineworkers (NUM), who represent the company’s permanent employees.

    The new wage agreement applies to all employees within the the A to D1 categories and will be implemented in two phases. The first phase will be from 1 July 2014 u..
  • Kumba Iron Ore releases quarterly update

    2014-07-18
    Kumba Iron Ore Limited has released a production and sales update report from its subsidiary, Sishen Iron Ore Company (Proprietary) Limited, for the quarter ended 30 June 2014.

    Total production increased to 11.5 million tonnes for the period, representing a 2% increase when compared to Q2 2013 and a 1% increase when compared to Q1 2..
  • Anglo American releases quarterly production report

    2014-07-18
    Anglo American Plc has released a production report for the quarter ended 30 June 2014.

    Production from the group’s subsidiary, Kumba iron ore, increased by 2% to 11.5 million tonnes following satisfactory performances at the Sishen and Kolomela mines. Waste removal at the Sishen mine was an operational focus for the period under re..
  • Aureus Mining reports positive results

    2014-07-16
    Aureus Mining Incorporated has released additional results from 30 holes of the phase four drilling programme at the Ndablama gold project in Liberia. 

    The phase four drilling programme included approximately 19 000 metres of reverse circulation and diamond drilling. The drilling programme was undertaken on the down dip and..
  • Gold Fields releases production guidance for Q2

    2014-07-16
    Gold Fields Limited has released a guidance update for the second quarter of 2014.

    The group anticipates attributable gold equivalent production to be approximately 547 000 ounces for the quarter ended 30 June 2014. 

    All-in sustaining costs and all-in costs for the peri..
  • LP Hill extends loan agreement period

    2014-07-16
    LP Hill Plc has extended its pre-existing unsecured loan agreement with Irvine Securities Limited for an additional six months. 

    The company’s £150 000 outstanding principal amount and the accrued interest is now repayable on or before 11 January 2015. The company intends to raise further equity and debt finance to ensure t..
  • Kumba Iron Ore releases trading statement

    2014-07-16
    Kumba Iron Ore Limited has released its trading statement for the six months ended 30 June 2014.

    Both headline earnings and basic earnings are expected to be between R6 255 million and R6 895 million. This represents a decrease when compared with headline earnings of R7 748 million and basic earnings of R7 759 million reported for t..
  • Rockwell Diamonds reports a 67% increase in revenue

    2014-07-16
    Rockwell Diamonds Incorporated has released results for the three month period ended 31 May 2014. 

    The company reports a net profit of CAD345 000 compared to a CAD1.2 million loss reported for the previous corresponding period. Revenue for the period increased by 67% year-on-year to CAD15.1 million, CAD9.7 million of which ..
  • Papillon Resources releases quarterly report

    2014-07-15
    Papillon Resources Limited has released its quarterly report for the year ended 30 June 2014.

    During the period under review, the company entered into a merger implementation agreement with B2Gold Corporation, in order to combine the two companies at an agreed exchange ratio of 0.661 B2Gold shares for each Papillon Resources share h..
  • Anglo American Platinum releases a trading statement

    2014-07-15
    Anglo American Platinum Limited has released a trading statement for the six month period ended 30 June 2014.

    The company expects Headline Earnings per Share for the period to decrease to between 20 cents and 80 cents from the 514 cents recorded for the six month period ended 30 June 2013.

  • Botswana Diamond’s XRF scanning confirms nickel mineralisation

    2014-07-15
    Botswana Diamond Limited has released the results of the portable XRF scanning conducted at one of the two new diamond drill holes at the Maibele north prospect in Botswana.

    According to the scanning programme, nickel mineralisation was confirmed in all three sulphide zones. In the massive sulphide zones, the nickel range was betwee..
  • Elemental Minerals completes Maiden Mineral Resource Estimate

    2014-07-15
    Elemental Minerals Limited has announced the completion of the Maiden Mineral Resource Estimate for a portion of the Dougou prospect in the Republic of Congo.

    The Inferred Mineral Resource Estimate for the Dougou prospect is 1.29 billion tonnes grading 21.72% potassium chloride, which includes 520 million tonnes grading 24.58% potas..
  • Perseus Mining receives VAT refunds

    2014-07-14
    Perseus Mining Limited has announced that it has received all outstanding VAT debt owed by the Government of Ghana.


    The company received $6.7 million (GHc 20.0 million) on 13 June 2014, $3.3 million (GHc 10.0 million) on 24 June 2014 and $5.8 million (GHc 17.6 million) on 8 July 2014. The company is ..
  • Kibo Mining places shares to raise £600 000

    2014-07-14
    Kibo Mining Plc has received commitments to a share placing of 34 285 714 new ordinary shares at a placing price of 1.75 pence per share to raise £600 000.

    All the Directors of Kibo Mining will be participating in the placing for a cumulative amount of £100 000. The delivery of 7 285 714 shares will be deferred..
  • IMX Resources announces commencement of Ntaka Hill drilling programme

    2014-07-09
    IMX Resources has announced that its joint venture partner MMG Exploration Holdings Limited has commenced with a 23 000 metre drilling programme at the Ntaka Hill nickel sulphide project in Tanzania. 

    The drilling programme is set to test various advanced nickel sulphide targets which were identified during MMG Exploration’..
  • Caledonia Mining Corp declares a dividend

    2014-07-09
    Caledonia Mining Corporation has declared its fifth dividend payment of CAD0.015 per common share in issue as at 18 July 2014.

    The company has previously announced that it intends to pay an annual aggregate dividend of 3.3 pence per share in quarterly installments. 

    As ..
  • Kenmare Resources releases Q2 production results

    2014-07-09
    Kenmare Resources Plc has released a production report for the second quarter of 2014.

    The company achieved record production of ilmenite and primary zircon in Q2 2014. Ilmenite production for H1 2014 increased by 47%, from 302 600 tonnes recorded for H1 2013 to 445 600 tonnes and zircon production for H1 2014 increased from 19 100 ..
  • Forbes & Manhattan Coal closes remainder of secured loan

    2014-07-09
    Forbes & Manhattan Coal Corporation has announced that it has closed the remainder of its $25 million secured convertible loan facility from Resources Capital Fund VLP. 

    The facility loan consists of a $4 million bridge loan received in February 2014, a convertible loan of $15 million which was advanced in a number ..
  • Savannah Resources completes drilling programme in Mozambique

    2014-07-09
    Savannah Resources Plc has completed its scout drilling programme at its 180 kilometres² Jangamo heavy mineral sands project in Mozambique. 

    In total 3 990 metres were drilled in 96 holes. The company estimates six major anomalous zones within the project area. Drill samples have been sent for analysis, with results expecte..
  • Anglo American set to sell its stake in Lafarge Tarmac

    2014-07-09
    Anglo American Plc has announced its intention to dispose of its 50% stake in Lafarge Tarmac Holdings Limited to Lafarge SA.

    The purchase consideration will be for a minimum of $1.5 million, subject to certain conditions surrounding the upcoming Lafarge/ Holcim Limited merger.

    T..
  • African Minerals releases production update

    2014-07-09
    African Minerals Limited has released its production results for H1 FY2014.

    The company reports having produced 4.55 million tonnes for export in 26 vessels for Q1 and 4.52 million tonnes for export in 26 vessels for Q2.

    Revenue capture has improved in Q2, with discounted all in..
  • Castle Minerals completes a Mineral Resource estimate

    2014-07-08
    Castle Minerals Limited has completed the Mineral Resource Estimate for its Kpali gold prospect in Ghana.


    The completed Mineral Resource Estimate amounts to 2.9 million tonnes at 1.1 g/t gold for 107 200 ounces. Fo..
  • Kibaran Resources completes share placement

    2014-07-07
    Kibaran Resources Limited has successfully completed a AUD3.1 million share placement, which was heavily oversubscribed. 

    The company reports a strong demand for the share placement from existing investors, sophisticated retail investors and funds. The placement was for 23.1 million ordinary fully paid shares at a price of ..
  • Waterberg Coal Company formally appoints an EPC contractor

    2014-07-07
    Waterberg Coal Company Limited has announced that the Waterberg Coal Joint Venture Partners has entered into a Letter of Intent with ARDBEL to develop the 22 million tonne per annum coal handling facility, processing plant and associated civil works for its Waterberg coal project in South Africa. 

    The Engineering, Procureme..
  • North River Resources and Greenstone Resources sign an Investment Agreement

    2014-07-07
    North River Resources Plc has signed a Binding Investment Agreement with Greenstone Resources LP, whereby Greenstone Resources will invest up to $12 million. 

    Greenstone Resources has agreed to supply funding to North River Resources through a series of equity subscriptions. The initial subscription, or first tranche under ..
  • Apollo Consolidated releases Seguela assay results

    2014-07-07
    Apollo Consolidated Limited has announced the assay results from the recently completed maiden reverse circulation drilling programme at the Seguela gold project in Cote d’Ivoire. 

    25 holes were drilled for a total of 2 440 metres at two main target areas Gabbro and Kwenko. Both target areas indicated significant
  • Boss Resources enters a Joint Venture with Gryphon Minerals

    2014-07-04
    Boss Resources Limited has announced that it has finalised it’s earn in agreement and an equipment sale agreement with Gryphon Minerals Limited.

    The earn in agreement enables Gryphon Minerals to earn up to 80% of Boss Resources’ highly prospective gold
  • Pan African Resources' Director resigns

    2014-07-04
    Pan African Resources Plc has announced the resignation of Non-Executive Director, Rob Still with effect from 01 July 2014.

    Still’s resignation is due to his increasing global responsibilities within his private equity business.

    Rowan Smith has been appointed as a Non-Executive ..
  • Hummingbird Resources appoints a development team for Yanfolila

    2014-07-02
    Hummingbird Resources Limited has appointed a Development Team for the Yanfolila project, in Mali, which will be led by Charles Graham. 


    The appointments followed the completion of Hummingbird Resources’ acquisition of Gold Fields Limited’s Malian assets.

    <..
  • Oando looks to conclude ConocoPhillips acquisition

    2014-07-02
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has targeted the end of July to conclude the acquisition of ConocoPhillips Nigerian Upstream Oil and Gas business.

    The parties have extended the closing date to 31 July 2014 to give them enough time to complete the activities required to close the transaction.
  • Sentula Mining reports a R203 million reduction in net debt

    2014-07-02
    Sentula Mining Limited has released its audited financial results for the year ended 31 March 2014.


    The company reports having consolidated its mining services business during the year and reducing its net debt by R203 million from the total recorded for the end of FY2013. The company further reports..
  • Kibo Mining releases FY2013 results

    2014-07-02
    Kibo Mining Plc has released its results for the year ended 31 December 2013.


    The company reports having achieved important milestones in the strategy of moving Kibo Mining from a junior explorer to a mineral development company.


  • Central Rand Gold reduces central basin water level

    2014-07-02
    Central Rand Gold Limited reports a visible reduction of the water level in the central basin as the performance of the High Density Sludge plant improves throughout its commissioning phase.


    The High Density Sludge plant has been operational since 23 May 2014. The company reports that no 'fatal ..
  • Tribune Resources releases Ghana exploration results

    2014-07-01

    Tribune Resources Limited has released an update regarding exploration work conducted at its Japa project located in Ghana.

  • Anthony Cipriano to serve the Board of Liontown Resources

    2014-07-01
    Liontown Resources Limited has appointed Anthony Cipriano to serve as a Non-Executive Director on the company’s Board of Directors.


    Cipriano is a qualified Chartered Accountant with 27 years of experience, the last 15 years of which he spent as a partner at Deloitte. He was the leader of Deloitte Per..
  • Kasbah Resources receives final payment for 20% stake in Achmmach tin project

    2014-07-01
    Kasbah Resources Limited has disposed of 20% of the Achmmach tin project located in Morocco, to Toyota Tsusho Corporation.


    The company has received a total of AUS17.2 million from Toyota Tsusho. Kasbah Resources holds a 75% stake in the project’s joint venture, Toyota Tsusho holds 20% and Nittetsu Mi..
  • Perseus Mining receives additional high grade drill results

    2014-07-01
    Perseus Mining Limited has released the results of the recent drilling which was undertaken at the Bokitsi South prospect at its Edikan gold mine in Ghana.

    The drilling programme consisted of 37 reverse circulation drills totaling 2 973 metres. Positive results include: 16 metres at 6.4 g/t gold from 43 metres including 3 metres at ..
  • Firestone Diamonds begins work at Liqhobong

    2014-06-30
    Firestone Diamonds Plc has announced the commencement of earthworks at its Liqhobong diamond mine, in Lesotho.


    The company scheduled work to begin following the closing of the project financing in May 2014. Construction and development is expected to take 2 years with nameplate production of 300 000 ..
  • Keaton Energy acquires an additional 18% in Leeuw Mining and Exploration

    2014-06-30
    Keaton Energy Holdings Limited has entered into a share purchase agreement to acquire an additional 18% in Leeuw Mining and Exploration (Proprietary) Limited from JPI Leeuw and Associates (Proprietary) Limited.


    Keaton Energy already holds 74% in Leeuw Mining and Exploration while JPI Leeuw and Associ..
  • Bassari Resources reports positive Feasibility Study results

    2014-06-26
    Bassari Resources Limited has released the results of the Makabingui gold project Feasibility Study, which yielded positive results supporting profitable high grade gold production in Senegal

    The study outlined a low cost, highly profi..
  • Exxaro Resources writes down value of Mayoko project

    2014-06-25
    Exxaro Resources Limited has advised shareholders that there will be an impairment of the company’s investment in the Mayoko iron ore project, in the Republic of Congo.


    Although the Concept Study on the 12 million tonne project was concluded in June 2014, Exxaro Resources has failed to conclude port ..
  • AMCU and platinum producers reach a wage settlement

    2014-06-25
    Impala Platinum Holdings Limited, Anglo American Platinum Limited and Lonmin Plc have reached a 3 year wage agreement with the Association of Mineworkers and Construction Union (AMCU) regarding wages and conditions of service for platinum mine workers.


    The terms of the agreement include an annual inc..
  • Wescoal Holdings reports a 69.5% increase in revenue

    2014-06-25
    Wescoal Holdings Limited has released its reviewed condensed consolidated results for the year ended 31 March 2014.


    The company’s revenue from all operations increased by 69.5% to R1.1 billion, in comparison to the R676.9 million reported for FY13. Operational EBIDTA increased by 123.6%, from R45.3 m..
  • Sula Iron and Gold completes high resolution topographic survey

    2014-06-25
    Sula Iron and Gold Plc has announced the completion of a high resolution topographic survey conducted at its 100% owned Ferensola project located in Sierra Leone. 


    The survey, conducted by Kevin Saunders of DM & S Surveys, was undertaken with the aim of calculating the volume of the ..
  • Uranex begins 2014 exploration season at Nachu

    2014-06-24
    Uranex Limited has commenced with the 2014 exploration season on the Nachu graphite project located in Tanzania, following the success of the 2013 exploration programme. 


    The company has begun an Electro-M..
  • Kibaran Resources signs MoU with 3D Group

    2014-06-24
    Kibaran Resources Limited has formed a strategic alliance with 3D Group (Proprietary) Limited to investigate graphite and graphene application opportunities in the fast growing 3D printing market.


    The company’s will, under the agreement, form a joint Research and Development company to develop patent..
  • Drake Resources commences drilling in Guinea

    2014-06-24
    Drake Resources has announced the commencement of its 1 500 metre reverse circulation drilling programme at its Seimana gold project in Guinea.

    This programme is the first to be carried out on multiple targets in the highly prospective area.

    Chief Executive Officer, Jason Stirbi..
  • Metals of Africa set to begin exploration programme in Mozambique

    2014-06-23
    Metals of Africa Limited has announced its intention to commence with an exploration programme at its 100% owned Montepuez graphite project in Mozambique.

    The project consists of three exploration licenses, all of which are highly prospective for graphite mineralisation. Previous drilling has identified targets to be further investi..
  • Premier African Minerals releases RHA project update

    2014-06-23
    Premier African Minerals Limited has released an update regarding the mine study progress for its 49% owned RHA tungsten project, in Zimbabwe.

    Following the recent significant increase in the Indicated and Inferred Resource estimates at the RHA tungsten project, the company commissioned a review of the potentially low capital cost, ..
  • Edenville Energy completes share placement

    2014-06-23
    Edenville Energy Plc has successfully completed a placement of 416 666 666 new ordinary shares at a price of 0.06 pence, which raised a total of £0.25 million. 

    The company has applied to the AIM to have the shares admitted for trading and anticipates the admission to be effective on or round about 23 June 2014. Following t..
  • Oklo Resources completes auger drilling programme

    2014-06-23
    Oklo Resources Limited has announced the completion of the auger drilling programme carried out at its Dandoko gold project in Mali. 

    1 218 metres of auger drilling was carried out in May and early June 2014 at the Selingouma North and Selingouma South targets, located within 6km of the recent Disse and Diabarou discoveries..
  • Golden Rim Resources releases sampling results from Korongou

    2014-06-20

    Golden Rim Resources Limited has released an update on its drilling programmes and the rock chip sampling undertaken at the Korongou permit in Burkina Faso

  • Oando Energy Resources receives approval for $1.65 billion acquisition

    2014-06-19
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has received approval from the Honourable  Minister of Petroleum Resources of Nigeria for the acquisition of ConocoPhillips’ Nigerian Oil and Gas Business. 

    The total cash consideration for the acquisition amounts to $1.65 billion, subject to customary..
  • African Eagle Resources reclassified under AIM rules

    2014-06-19
    African Eagle Resources Plc has released its audited financial results for the year ended 31 December 2013. 

    The 2013 financial period was a challenging year for the company as it was not able to raise funding in the capital markets which lead to the company having to sell almost all of its assets in August 2013. The compan..
  • Giyani Gold in exclusive negotiations with EnergyCo

    2014-06-19
    Giyani Gold Corporation is currently engaged in exclusive negotiations with a private international energy company, EnergyCo regarding multiple projects in jurisdiction, including the company’s operating asset in South Africa.

     The exclus..
  • Tharisa reports a 22.6% increase in revenue

    2014-06-19
    Tharisa Plc has released the reviewed condensed consolidated interim financial statements for the period ended 31 March 2014. 

    The company reports an increase of 22.6$ to $126.1 million in group revenue, resulting from an increase of 38 400 ounces in platinum group metals production, from 28 000 ounces  reported du..
  • African Eagle Resources enters into a loan agreement

    2014-06-18
    African Eagle Resources Plc has entered into an unsecured loan facility agreement for up to £365 000 with the company’s Chief Executive Officer, Nick Clarke and Chairman, Kola Karim. 


    The facility agreement is available for draw down until 30 November 2015, with an interest rate of 5% per an..
  • Goldplat releases trading and operating update

    2014-06-18
    Goldplat Plc has provided a trading update and announced operational updates for its two gold recovery businesses and its gold project.


    The company expects its financial results, for the six months ended 31 July 2014, to reflect a substantial increase in operating profit from the prior six month peri..
  • Sentula Mining releases trading statement

    2014-06-18
    Sentula Mining Limited has released its trading statement for the year ended 31 March 2014.


    The company expects, with reasonable certainty, its basic loss per Share to be between 83.6 and 100.1 cents, in comparison to the basic loss per share of 148.5 cents for the year ended 31 March 2013. In additi..
  • Integrated Resources Group updates on exploration at the Kalengwa project

    2014-06-17
    Integrated Resources Group Limited announced that exploration on the Kalengwa project is currently in advanced stages with the initiation of re-logging of historical diamond drill cores and desktop studies. 


    Of the previous 436 holes drilled at the Kalengwa South project, 16 were diamond hol..
  • Lucapa Diamonds confirms diamond-bearing kimberlite

    2014-06-17
    Following the discovery of four diamonds of good shape and colour during surface sampling, Lucapa Diamond Company Limited has confirmed that the Se251 kimberlite pipe is diamond-bearing.


    Se251 is the largest kimberlite pipe at the company’s Lulo Diamond Concession in Angola, three of the four diamond..
  • Tiger Resources places shares to raise AUD20 million

    2014-06-17
    Tiger Resources Limited has announced a share placement at an issue price of AUD0.34 per share to professional, sophisticated and other exempt investors, to raise AUD20 million, before issue expenses. 


    Canaccord Genuity (Australia) Limited and UBS AG’ Australian branch, acted as Joint Lead M..
  • Cardinal Resources’ assay results confirm gold mineralisation

    2014-06-17
    Cardinal Resources Limited has received the assay results of the maiden drilling programme conducted on the Ndongo West prospect, at the Bolgatanga project located in Ghana.


    The maiden drilling programme comprised of 16 Reverse Circulation drill holes of 929 metres over the strike length of ~1 100 me..
  • Metals of Africa secures exploration funding

    2014-06-17
    Metals of Africa Limited has advised shareholders that it has secured funds to advance core exploration projects in Africa.


    The company announced a share placement of 7 604 000 shares at a price of AUD0.065 to raise AUD494 260. The proceeds will be put toward progressing exploration activities in Moz..
  • Hummingbird Resources set to acquire Gold Fields’ Mali operations

    2014-06-13
    Hummingbird Resources has entered into a conditional Sale and Purchase Agreement with Gold Fields Limited to acquire the Yanfolila project in Mali.

    The Yanfolila project is fully permitted with a 30 year mining license and its current mineral inve..
  • Petmin releases a cautionary announcement

    2014-06-12
    Petmin Limited has advised shareholders to exercise caution when dealing in its securities.


    The company has entered into negotiations which, if successfully concluded, will have a material effect on the price of Petmin shares.


  • Aureus Mining updates on construction progress at New Liberty

    2014-06-11
    Aureus Mining Incorporated has released an update regarding the construction conducted at its New Liberty gold project in Liberia

    The company reported that construction of the project has been progressing well and is on trac..
  • Ferrum Crescent releases Independent Mineral Asset Valuation Report

    2014-06-11
    Ferrum Crescent Limited released an Independent Mineral Asset Valuation Report conducted at its Moonlight iron ore project, in South Africa.


    The purpose of commissioning the valuation was to obtain approval from the South African Reserve Bank for the issue of shares by the company’s subsidiary, Ferru..
  • Central Rand Gold’s Financial Director resigns

    2014-06-11
    Central Rand Gold Limited has announced the resignation of Financial Director, Patrick Malaza, with effect from 31 July 2014.


    With Malaza’s resignation, the company has the opportunity to identify emerging talent within its finance team. Duties are to be reallocated throughout the team, significantly..
  • StratMin Global Resources releases FY13 results

    2014-06-11
    StratMin Global Resources Plc has released its results for the year ended 31 December 2013. 

    In January 2013, the company completed the Reverse Take Over of the Graph Mada Group, which has a graphite exploration and development subsidiary in Madagascar. The fundamentals surrounding the acquisition were excellent, however, t..
  • Edenville Energy receives Expression of Interest

    2014-06-11
    Edenville Energy Plc has received a non-binding Expression of Interest from the Engineering, Procurement and Construction division of a multi-national conglomerate company headquartered in East Asia regarding the development of the company’s Rukwa Coal-to-Power project located in Tanzania.
    ..
  • Paragon Diamonds obtains 100% interest in Meso Diamonds

    2014-06-11
    Paragon Diamonds Limited has increased its shareholding interest in its subsidiary, Meso Diamonds (Proprietary) Limited, by acquiring the remaining 15% held by a local partner, increasing its interest to 100%.

    Meso Diamonds was granted a mining lease over the Lemphane Kimberlite project, located in Lesotho.  The subsidiary ..
  • Lonmin announces strike talks have been dissolved without an outcome

    2014-06-11
    Lonmin Plc, and other platinum producers, have announced that the talks surrounding the ongoing industrial action in the platinum sector have been dissolved without an outcome.

    The talks were being facilitated by the Minister of Mineral Resources and on 28 May 2014, an Inter-Governmental Technical Task Team was assembled with the ai..
  • FAR announces changes to Senegal drilling programme

    2014-06-10
    FAR Limited has announced that changes have been made to its Joint Venture drilling programme in Senegal to incorporate essential rig maintenance.

    The maintenance on the FAN-1 well rig is expected to take approximately 12 days. The FAN-1 well is located in the North Fan prospect in the Sangomar Deep block roughly 100km offshore Sene..
  • Metals of Africa’s project update on Rio Mazoe project

    2014-06-10
    Metals of Africa Limited has released an update on the exploration activities currently being conducted at its Rio Mazoe lead-zinc-silver project, in Mozambique. 

    The 2014 Rio Mazoe field season has commenced with soil sampling, geological mapping programmes currently underway. Preparations for the ground electro-magnetic s..
  • Sipa Resources set to begin drilling in Uganda

    2014-06-09
    Sipa Resources Limited is set to commence drilling at its Kitgum-Pader Base and Precious Metals project, in Uganda, after having successfully raised approximately AUD3.98 million.

    The company’s 80% owned subsidiary, Sipa Exploration Uganda Limited, holds exploration licenses covering 6 350km². Sipa Resources will first pass drill up..
  • Elemental Minerals to repay Dingyi’s convertible note

    2014-06-06
    Elemental Minerals Limited has advised that it will repay the AUD10 million convertible note to Dingyi Group Investment Limited, which did not exercise its right to convert the convertible note.

    The note, which requires a 30 days’ notice period, will be paid with interest on 20 June 2014.

    ..
  • Gryphon Minerals awards financing mandate to Macquarie Bank

    2014-06-06
    Gryphon Minerals Limited has signed a financing mandate of $60 million with Macquarie Bank Limited for the development of the Banfora Gold project located in Burkina Faso.

    Macquarie Bank will be acting as a sole arranger and underwriter for the Senio..
  • Botswana Metals places shares

    2014-06-06
    Botswana Metals Limited has announced the appointment of CPS Capital Group Proprietary Limited to manage its placement of 35 714 285 fully paid ordinary shares at AUD0.014 per share. 

    The company aims to raise approximately AUD500 000 through the placement.

    Proceeds rec..
  • Botswana Diamonds releases exploration programme results

    2014-06-05
    Botswana Diamonds Plc has released the results of its joint venture exploration programme on PL117/2011 in Botswana

    The first phase of analysis of the exploration programme data collected on PL117 has been completed with new targets id..
  • Ferrum Crescent releases financing process update

    2014-06-05
    Ferrum Crescent Limited has released an update regarding its process to secure approximately $10-13 million for the bankable feasibility study for its Moonlight iron ore project in South Africa.

    The company signed an Investment Agreement with Anvw..
  • Sibanye Gold releases an operational update

    2014-06-05
    Sibanye Gold Limited has released a strategic, technical and operating update for investors.


    Following the acquisitions of Witwatersrand Consolidated Gold Resources Limited and the Cooke underground and surface operations, the company revised its Mineral Resource and Mineral Reserve statements. Total..
  • Bushveld Minerals announces maiden JORC Resource

    2014-06-04
    Bushveld Minerals Limited has announced a Maiden JORC Compliant Inferred Mineral Resource of 442 million tonnes, at an average grade of 3.6% P2O5, using a 3% P2O5 cut-off, at its P-Q Zone deposit in Limpopo, South Africa.

    The phosphate Mineral Resource, defined along a total strike of circa 8.5 kilometres with an open-ended depth, w..
  • Stellar Diamonds updates on Baoulé kimberlite diamond project

    2014-06-04

    Stellar Diamonds Plc released an update on its Baoulé kimberlite diamond project in Guinea.

    The company has been focused on fast tracking the 5 hectare trial mining at its Baoulé kimberlite pipe and the trial mining will make use of the company’s existing in-country mining plant and equipment to save..
  • African Eagle Resources makes changes to the Board

    2014-06-04
    Nicholas Antony Clarke and Orikolade Adebayo Karim have been appointed to serve the Board of African Eagle Resources Plc as Chief Executive Officer and Non-Executive Chairman respectively.

    In addition, the company advises that current Managing Director, Robert McLearon, will be stepping down from his position to assume the role of F..
  • DiamondCorp releases audited results for FY2013

    2014-06-04
    DiamondCorp Plc released its audited financial results for the year ended 31 December 2013. 

    During the period,  the company actively reduced its overhead costs, including general mine and administrative costs, which assisted in reducing the net loss for the year, from R63.54 billion for FY2012, to R46.98 billion.&..
  • Tlou Energy releases production update

    2014-06-03
    Tlou Energy Limited has released an update from its Lesedi Coal Bed Methane project located in Botswana.

    Production at the Selemo pod achieved good gas pressure build up before it experienced a blocked pump intake which led to temporary closure t..
  • Kunene Resources commences with exploration project

    2014-06-03

    Kunene Resources Limited has released an update on exploration currently taking place at Kaoko project in Namibia

  • Aziana disposes of gold licenses

    2014-06-03
    Aziana Limited has announced the disposal of its Antandrokazo, Alakamisy and Antakasina gold licenses, located in Madagascar.


    The licenses will be sold to a Chinese Consortium for a consideration of $650 000, a cash deposit of $25 000 has been received from the buyer, to secure a 60 day exclusivity p..
  • Gold Fields re-commences with production at South Deep

    2014-06-03
    Gold Fields Limited announced the re-commencement of operations at its South Deep project located in South Africa, after the section 54 order from the Department of Mineral Resources was lifted.

    Production at South Deep was stopped after two separ..
  • Discovery Metals successfully completes AUD2.8 million placement

    2014-06-03
    Discovery Metals Limited has successfully raised AUD2.8 million through the placement of 84 005 164 fully paid ordinary shares to Transamine Trading S.A. 

    The placement price, of AUD0.03451 per share, was calculated according to the 5 day volume weighted average price for the company up to and including 27 May 2014, which i..
  • Universal Coal commissions DMS circuit at Kangala

    2014-06-03
    Universal Coal Plc has begun cold commissioning of the Dense Media Separation circuit of the washing plant at its 70.5% owned Kangala colliery located in South Africa

    Once commissioned, the company will be able to commence with export q..
  • Gold Fields halts production

    2014-05-29
    Gold Fields Limited has stopped production at its South Deep operation located in Johannesburg, South Africa following the outcome of a safety review process.


    The group’s production guidance of 2.2 million attribut..
  • Sovereign Mines of Africa releases results for FY2013

    2014-05-29
    Sovereign Mines of Africa Plc released its audited results for the year ended 31 December 2013. 


    During the period, the company began the third phase of drilling with the aim of defining an initial gold resource at its Mandiana Magana flagship property, in Guinea. The company’s expectations ..
  • Chrometco signs a Memorandum of Agreement with International Ferro Metals

    2014-05-29
    Chrometco Limited has entered into negotiations with International Ferro Metals and signed a Memorandum of Agreement whereby International Ferro Metals will conduct exploration drilling on the company’s Rooderand asset, in South Africa.


    ..
  • Firestone Diamonds enters into financing agreements

    2014-05-29
    Firestone Diamonds Plc has entered into the Absa Debt Facility, Subscription Agreements and Mezzanine Facility Agreement.


    Fundraising efforts have raised approximately £137.3 million which will go towards the building and commissioning of the main treatment plant and supporting infrastructure for the..
  • Kibo Mining releases activities update for Q1 2014

    2014-05-29
    Kibo Mining Limited has released an update regarding its activities during the three month period ended 31 March 2014.


    The company reports that it has reached the advanced stages of negotiations for the choosing of a joint venture partner to develop the Rukwa coal to power project, located in
  • Bassari Resources fast tracks Makabingui development

    2014-05-27
    Bassari Resources Limited has released an update regarding the Definite Feasibility Study conducted at its Makabingui gold project in Senegal.


    The Definitive Feasibility Study is on track and anticipated for compl..
  • Birimian Gold upgrades gold prospects

    2014-05-27
    Birimian Gold Limited’s latest results from the ongoing exploration programme being conducted at the Basawa gold project, in Liberia, confirm an upgrade from the previously defined broad gold-in-soil anomalies.


    Th..
  • Jacka Resources successfully completes an Entitlement Offer

    2014-05-27
    Jacka Resources Limited’s Board of Directors has announced the successful completion of the fully underwritten Entitlement Offer. 


    The Offer raised a total amount of AUD2 855 109, in addition to the recently completed Placement which raised AUD1 000 000.

  • Tiger Resources commences with copper cathode production

    2014-05-27
    Tiger Resources Limited has started producing copper cathodes at its Kipoi copper project located in the Democratic Republic of Congo.

    This follows the completion of the construction and commissioning of the company’s stage 2 solvent extraction e..
  • Sovereign Metals successfully completes placement

    2014-05-27
    Sovereign Metals Limited announced the completion of the 15.25 million ordinary share placement to sophisticated investors, to raise a total of AUD3.35 million before costs. 

    Proceeds from the placement will be put towards the company’s exploration and testwork programmes for the graphite project located in Malawi as well a..
  • Beacon Hill Resources issues shares in lieu of Convertible Loan Note

    2014-05-26
    Beacon Hill Resources has advised shareholders that it has received notice from Darwin Strategic Limited of its decision to exercise its £300 000 Convertible Loan Note.

    As per the details of the Convertible Loan Note, the company will convert the £300 000 loan into shares in Beacon Hill Resources at a conversion price of 0.3223 penc..
  • Liontown Resources completes placement

    2014-05-26
    Liontown Resources Limited has successfully completed a placement of 50 000 000 shares at an issue price of 3 cents to raise $1.5 million before issue costs. 


    The company has, in addition to the placement, made a nominal offer of 10 000 shares at 3 cents per share under the cleansing prospec..
  • ArcelorMittal South Africa appoints a new CEO

    2014-05-23
    ArcelorMittal South Africa Limited has announced the appointment of Paul Sean O’Flaherty as the new Chief Executive Officer and Executive Director of the company, effective from 1 July 2014.



    O’Flaherty appointment followed the resignation of Ms Nonkululeko Nyembezi-He..
  • Atlatsa Resources reports a 19% increase in revenue

    2014-05-21
    Atlatsa Resources Corporation has released its results for the three month period ended 31 March 2014. 

    The company’s revenue increased by 19% year-on-year, attributable to the 19% year-on-year increase in platinum group metals production volumes. The increase in production was despite unseasonal rain falls, safety stoppage..
  • Noble Mineral Resources further extends Deed of Company Arrangement deadline

    2014-05-20
    Noble Mineral Resources Limited has announced the extension date to complete the Deed of Company Arrangement entered into with Resolute Mining Limited.

    The Deed of Company Arrangement was originally proposed by Resolute Mining Limited, with regard to the Bibiani gold project in Ghana, in November 2013. Since its proposal, the deadli..
  • Aquarius Platinum successfully closes Rights Issue

    2014-05-20
    Aquarius Platinum Limited has received valid acceptances from qualifying shareholders regarding the offer of 931 250 197 Rights Issue Shares made by the company in April 2014.

    The Rights Issue Shares offered represents approximately 95.39% of the total number of Rights Issue Shares. Purchasers for the remaining 4.61% (44 956 709 Rig..
  • Central Rand Gold’s investor boosts company position

    2014-05-20
    Central Rand Gold Limited has released its unaudited preliminary results for the year ended 31 December 2013.


    During the period, Redstone Capital Limited invested $7.25 million into Central Rand Gold, which enable the company to move to a much stronger financial position. Funds received from Redstone..
  • AngloGold Ashanti reports a 22% reduction in costs

    2014-05-20
    AngloGold Ashanti Limited released its results for the quarter ended 31 March 2013 and reports an increase in production. 


    The company’s production total amounted to 1.06Moz, a year-on-year increase of 17%, and was ahead of the 950Koz–1Moz production guidance. Adjusted Headline Earnings amou..
  • Centamin releases quarterly results

    2014-05-19
    Centamin Plc has released its financial, production and exploration results for the three month period ended 31 March 2014. 

    The company reports its gold production total to have decreased by 19% quarter-on quarter to 74 241 ounces. The cash cost of production for the period was reported to be $744 per ounce. The production..
  • Jacka Resources completes a $12 million farmout agreement

    2014-05-19
    Jacka Resources Limited’s subsidiary, Jacka Resources Somaliland Limited, has completed a farmout agreement with Sterling Energy Limited’s subsidiary, Sterling Energy (East Africa) Limited, for the Odewayne Block Production Sharing Contract, in Somaliland.

    In November 2013, Jacka Resources announced its subsidiary’s farmout of a 15%..
  • Birimian Gold continues to identify new targets at the Massigui project

    2014-05-16
    Birimian Gold Limited has announced that it received the final analytical results from the auger drilling programme conducted at the Massigui gold project in Mali

    ..
  • Premier African Minerals releases update on Danakil potash project ownership

    2014-05-16
    Premier African Minerals Limited has announced that Circum Minerals Limited exercised its exclusive option to acquire the issued share capital of Mandalore Development Limited, following Premier African Mineral’s acquisition of  a 100% interest in Mandalore Development.

    Circum Minerals had previously held 70% in the Danakil..
  • Predictive Discovery discovers new gold targets in Burkino Faso

    2014-05-14
    Predictive Discovery Limited’s power auger drilling at its high-grade Bongou gold prospect in Burkina Faso identified more than 20 gold anomalous targets. 


    The company has commenced with the infill..
  • African Energy completes its Prefeasibility Study

    2014-05-14
    African Energy Resources Limited completed its Prefeasibility Study for an underground coal mine on a 200 million tonnes portion of the A-Seam at the Mmamabula West prospect in Botswana


    The s..
  • Drake Resources retains the Seimana gold project

    2014-05-14
    Drake Resources Limited has announced that it will not proceed with the option agreements entered into with Martineau Mining Limited regarding the Seimana project and Tasiast South project located in Guinea and Mauritania respectively.

    Martineau Mining had a fixed period to secure the funding required to fast track the highly prospe..
  • Swala Energy accepts license offer

    2014-05-14
    Swala Energy Limited’s Zambian subsidiary, Swala Energy (Zambia) Limited, has been offered and accepted the rights over the Block 44 hydrocarbon exploration license, in Zambia.

    The Ministry of Energy is yet to formally award the license to Swala E..
  • Caledonia Mining generates strong cash in Q1

    2014-05-14
    Caledonia Mining Corporation has released its results for the quarter ended 31 March 2014.

    Gold production for the period totalled 10 241 ounces, marginally down from the total recorded in the same quarter of 2013.

    Cash from operating activities increased by 182% from CAN 2.2 mi..
  • Sentula Mining disposes of Geosearch group offices

    2014-05-14
    Sentula Mining Limited has advised shareholders that the company’s wholly-owned subsidiary, Sentula Mining Services (Proprietary) Limited, entered into a Sale of Property Agreement with the Trustees of Truzen 67 Trust. 


    The sale of Property Agreement refers to the disposal of the company’s 9..
  • Lonmin results heavily impacted by industrial action

    2014-05-14
    Lonmin Plc has released its interim results for the six month period ended 31 March 2014.

    The company’s production has dropped by 43% to 3.2 million tonnes with 155 720 ounces of equivalent saleable platinum lost as a result of the ongoing industrial action. Saleable metal in concentrate amounted to 215 117 for the period, a decreas..
  • Shanta Gold changes management reward structure

    2014-05-14
    Shanta Gold Limited’s executive and senior management have agreed to change the company’s management reward structure as part of the on-going efforts to link management remuneration to performance.

    It has been agreed that 20% of fixed salaries will be converted into performance based remuneration, which will run for two years. Share..
  • DRDGold reports a decrease in production

    2014-05-14
    DRDGold Limited released a report for the quarter and nine months ended 31 March 2014.

    Gold production decreased by 11% during the nine month period, when compared to the same period of 2013 and decreased by 14% quarter-on-quarter. Due to the effect ..
  • Goldplat's gold recovery operations return to profitability

    2014-05-13
    Goldplat Plc has released a trading statement for the three months ended 31 March 2014.

    The company’s gold recovery operations in South Africa, Goldplat Recovery (..
  • ArcelorMittal South Africa returns to profit

    2014-05-13
    ArcelorMittal South Africa Limited released its unaudited quarterly results for the three month period ended 31 March 2014. 

    The company reports liquid steel production to have increased by 213 000 tonnes to total 1.2 million tonnes from the corresponding period of 2013, which recorded a lower than average production volume..
  • Glencore Xstrata appoints permanent Chairman

    2014-05-12
    Glencore Xstrata Plc has appointed Tony Hayward to serve as permanent Chairman of the company, effective immediately.

    Hayward had been serving as interim Chairman of the company since May 2013. Prior to this, he served from Glencore's Initial Public Offering as a Senior Independent Director.

    <..
  • Discovery Metals provides Boseto mine production update

    2014-05-12
    Discovery Metals Limited reports a record high in copper production from it Boseto mine, in Botswana, for April 2014. 

    Copper production for April 2014 amounted to 2 011 tonnes, 40% higher than the average monthly copper production for Q3 2014. C1 cash costs were reduced by 27% from the monthly average recorded in Q3 2014, ..
  • Bushveld Minerals completes flotation test work

    2014-05-09
    Bushveld Minerals Limited has released an update regarding the testing of the beneficiation of phosphate mineralisation at its P-Q zone deposit in South Africa.

    The company has completed floatation test work on the P-Q zone deposit following the p..
  • Gemfields achieves record revenues from February auction

    2014-05-08
    Gemfields Plc has released its operational update for the quarter period ended 31 March 2014.


    The company’s 75% owned subsidiary in Zambia, Kagem Mining Limited, reported a production total of 3.6 million carats of emerald and beryl, a decrease of 44.6% from the 6.5 million carats reported during the..
  • Jubilee Platinum successfully commissions 3rd ARC furnace

    2014-05-08
    Jubilee Platinum Plc has concluded the commissioning of its third ARC furnace at its Middelburg smelter operations in South Africa, which is now fully operational.


    The company reached its targeted design ferroalloy..
  • Harmony Gold reports solid results

    2014-05-06

    Harmony Gold Mining Company Limited has released a production update for the quarter ended 31 March 2014.


    The company reports a 5% increase in the underground recovered grade to 5.10g/t ..

  • Oando extends Nigerian acquisition completion date

    2014-05-06
    Oando Plc’s subsidiary Oando Energy Resources Incorporated has extended the completion date for the proposed acquisition of the Nigerian upstream oil and gas business from ConocoPhillips to 30 June 2014.


    The extension will allow both Oando Energy Resources and ConocoPhillips enough time to satisfy al..
  • Bassari Resources completes Makabingui Scoping Study

    2014-05-05
    Bassari Resources has released its activities report for its gold projects located in Senegal, for the quarter ended 31 March 2014.


    The completed Scoping Study for the Makabingui gold project, at a price of $1 200/gold ounce, demonstrates robust economics. The study has identified a conventional open..
  • Syrah Resources prepares Balama for development

    2014-05-05
    Syrah Resources Limited has released its quarter activities report for the period ended 31 March 2014. 

    The company signed a Memorandum of Understanding for an Offtake Agreement signed with China Aluminum International Engineering Corporation Limited. The agreement is for between 80 000 and 100 000 tonnes of granite per ann..
  • Oklo Resources discovers new gold zones in Mali

    2014-05-05
    Oklo Resources Limited released its quarterly activities report for the period ended 31 March 2014.


    Drilling on the Disse and Diabarou prospects of the company’s Dandoko project, in Mali, was reported to be a succe..
  • Coal of Africa releases an operational report for the quarter

    2014-05-02
    Coal of Africa Limited released an operational update for the quarter ended 31 March 2014. 

    The company continued to focus on safety during the quarter, with only one lost time injury reported. The Department of Mineral Resources, in South Africa&l..
  • Firestone Energy’s quarterly activities report

    2014-05-02
    Firestone Energy Limited released its quarterly activities report from its Waterberg Coal project, in South Africa, for the three month period ended 31 March 2014.  

    During the period under review, Eskom had a meeting with the Waterberg Coal project ..
  • Jacka Resources releases its quarterly activities report

    2014-05-02
    Jacka Resources Limited has released an activities report for the three month period ended 31 March 2014.

    During the period the company initiated a review of funding options and in April 2014, announced a $3.9 million capital raising plan. The company also began restructuring the Board of Directors during the period under review.<..
  • Aquarius Platinum’s revenue increase in Q3

    2014-04-30
    Aquarius Platinum Limited released its financial and production results for the third quarter ended 31 March 2014.

    The company reports a 13% increase in revenue, from $54 million in Q2 2014 to $60 million, which was in line with higher prices. There was a 3 fold increase in mine EBITDA to $11 million and no change in the company’s g..
  • Sula Iron and Gold identifies several new gold targets

    2014-04-30
    Sula Iron and Gold Plc conducted a geochemical sampling programme and geophysical survey at its Ferensola project in Sierra Leone. 

    The survey covered a 15 km² area using a 100 metre line spacing, which identified several cross cutting and intersecting structures.  As part of the screening process, the company anal..
  • Blackthorn Resources provides quarter report for 2014

    2014-04-29
    Blackthorn Resources Limited released its Q3 activities report for the period ended March 2014.

    The company conducted a Prefeasibility Study Optimisation programme at its wholly owned Kitumba project in Zambia, results of which are expected to be ..
  • Gryphon Minerals provides an update from its Banfora project

    2014-04-29
    Gryphon Minerals Limited released its quarterly activities report for the period ended 31 March 2014.

    The company completed an Optimisation Study at its Banfora gold project in
  • Argosy Minerals’ Directors resign

    2014-04-29
    Argosy Minerals Limited has announced the resignations of Kevin Nichol, Danie van den Bergh and Philip Thick from their positions as Directors of the company, with immediate effect.

    The three new vacancies will be filled by Peter Lloyd, Graham Walker and Frank Knezovic. All appointments are with immediate effect.
  • Sibanye Gold reports an 11% increase in gold production

    2014-04-29
    Sibanye Gold Limited has released an operations update for the quarter ended 31 March 2014.


    Gold production for the period was 11% higher than the total reported for the same period of 2013, amounting to 10 338kg.


  • Anglo American provides quarterly update

    2014-04-25
    Anglo American Plc has released its final interim management statement for Q1 2014.

    Anglo American’s 69.7% owned subsidiary, Kumba Iron Ore Limited, reported a 10% increase in
  • Takoradi releases activity update

    2014-04-25
    Takoradi Limited has released its quarterly activities update for the period ended 31 March 2014. 

    During the period, the company continued to consider the possibility of a joint venture for its Kutukrom gold project in
  • Swala Energy and Tullow Kenya commence 2D seismic acquisition programme

    2014-04-25
    Swala Energy Limited and its Joint Venture partner, Tullow Kenya BV, have commenced with the 2D seismic acquisition programme at the Block 12B license area in Kenya.


    The programme, to be carried by BGP International, is designed to identify the main structural lineation in the basins. The Joint Ventu..
  • Anglo American Platinum reports continued losses due to strike action

    2014-04-24
    Anglo American Platinum Limited has released its production report for Q1 2014.


    The company’s Rustenburg, Amandelbult and Union mines, in South Africa, continue to be severely impacted by the ongoing industrial act..
  • African Barrick Gold approves the next step in Bulyanhulu optimisation

    2014-04-24
    African Barrick Gold Plc has approved the acceleration of mining at the Bulyanhulu Upper East Zone, in Tanzania, as the next step in the production optimisation.

    After the optimization, the company expects to generate an average of 60 000 ounces p..
  • Petra Diamonds reports 15% increase in production

    2014-04-23
    Petra Diamonds Limited has released its production and sales results for the three month period ended 31 March 2014. 


    Diamond production increased by 15%, from 647 248 carats in the previous corresponding period of 2013 to 743 424 carats for the period under review. 
    <..
  • Sable Mining releases JORC Resources Estimate update

    2014-04-23
    Sable Mining Africa Limited has released its JORC Resource update from its Nimba iron ore project in Guinea.

    The Resource Estimate update follows from expansion exploration drilling carried out on Plateau 3 of the project.  
  • Gemfields secures a $15 million working capital facility

    2014-04-23
    Gemfields Plc has secured a $15 million unsecured working capital facility from its key shareholder, Pallinghurst Resources Limited.

    The facility, available in two tranches, represents the best alternative for the company in terms of overall cost and flexibility. The first tranche is for an amount of $10 million, to be drawn between..
  • Shanta Gold exceeds FY13 production guidance

    2014-04-23
    Shanta Gold Limited released its final results for the year ended 31 December 2013.

    Gold production from the company’s New Luika gold mine, in Tanzania, surpassed ..
  • Merafe Resources reports an increase in ferrochrome production

    2014-04-23
    Merafe Resources has released its production report for the quarter ended 31 March 2014.

    The company reports a 28% period-on-period increase in its attributable ferrochrome production total from its Glencore-Merafe Chrome Venture in South Africa. ..
  • Oando Energy Resources pays deposit for acquisition

    2014-04-23
    Oando Energy Resources Incorporated has paid the $25 million deposit for the extension of the outside completion date for its Nigerian acquisition.

    Oando Energy Resources, a subsidiary of Oando Plc, is set to acquire a Nigerian upstream oil and gas business from ConocoPhillips Company. 

  • DRDGold appoints a new Director

    2014-04-23
    DRDGold Limited has announced the appointment of Johan Holtzhausen as the Independent Non-Executive Director, effective from 25 April 2014.

    Holtzhausen is a qualified Chartered Accountant with a Bachelor of Science degree and an honours degree in accounting science. Holtzhausen has over 42 years of knowledge and experience in the ac..
  • South Boulder Mines begins test work at Colluli

    2014-04-22
    South Boulder Mines Limited has commenced key metallurgical test work at its Colluli potash project in Eritrea.


    The test programme is part of the revised strategy to further develop the project, with the aim of decreasing costs and optimising economics by processing all three types of salt that make ..
  • Lachlan Reynolds to serve as MD of Namibian Copper

    2014-04-22
    Namibian Copper NL has announced the appointment of Lachlan Reynolds to the role of Managing Director of the company, with effect from 1 May 2014.

    Reynolds is a geologist with more than 20 years experience in mineral exploration, development projects and mining operations. He served as the Managing Director of Energy Ventures Limite..
  • Middle Island Resources reduces costs by an additional 43%

    2014-04-22
    Middle Island Resources Limited has released its quarterly report for the period ended 31 March 2014.

    The company continues to focus on cash preservation and achieved a further 43% reduction in costs during the quarter. As at 31 March 2014, the company reports a cash position of AUD2.04 million with no debt and its capital structure..
  • Argentina Mining aim to raise $1.18 million

    2014-04-22
    Argentina Mining Limited has announced a capital raising endevour to raise approximately $1.18 million.

    The capital raising will comprise of a placement to institutional and sophisticated investors amounting to an estimated $160 500, before costs, and a non-renounceable rights issue to raise approximately $1 025 192, before costs.&l..
  • Tawana Resources releases quarterly report

    2014-04-22
    Tawana Resources NL has released an activities report for the quarter ended 31 March 2014.

    The Scoping Study being conducted at the Mofe Creek iron ore project located in Liberia, is well advanced and expected for completion in July 2014. The study’s aim is to consider a potential low capital cost, an early start-up operational scen..
  • Stillwater Mining’s Vice President resigns

    2014-04-17
    Stillwater Mining Company’s Vice President, Kevin Shiell, has resigned from the company to pursue other interests, effective immediately. 


    Shiell joined the company in 1999 and was promoted to the General Manager position in 2006 where he was responsible for the East Boulder Mine. Shiell was..
  • Tanzanian Royalty update on development activities

    2014-04-17
    Tanzanian Royalty Exploration Corporation released an update regarding re-development activities at its gold mine project located in Tanzania


    The company’s project will be undertaken in two phases, the f..
  • Goliath Gold Mining receives summons

    2014-04-16
    Goliath Gold Mining Limited has advised shareholders that it has received a summons from Covenant Mining and Finance (SA) Proprietary Limited and White Water Gold Proprietary Limited.


    The legal proceedings followed a series of events surrounding the sale of the Wit Nigel prospecting right. In August ..
  • Royal Bafokeng Platinum successfully completes Rights Offer

    2014-04-16
    Royal Bafokeng Platinum has advised shareholders of the successful completion of the Rights Offer originally announced in March 2014.


    The company aimed to raise approximately R1.5 billion for the Styldrift I project, in South Africa. An amount of R700 million was successfully raised through an accele..
  • West African Resources upgrades Inferred and Indicated Resource estimates

    2014-04-15
    West African Resources Limited released an updated Independent Resource Estimate from the recent drilling conducted at the Mankarga 5 deposit in Burkina Faso.


    At a cut-off grade of 0.5g/t, the Indicated Resource increased by 12% to an estimated 10.8 million tonnes grading 1.3 g/t gold containing 437 ..
  • Cape Lambert Resources receives loan repayment

    2014-04-15
    Cape Lambert Resources Limited has advised shareholders that FE Limited has settled the amounts of two Loan Agreements owing to the company.


    FE Limited entered into a Loan Agreement with Cape Lambert Resources for AUD2 000 000 at a cash rate plus 3% interest rate in June 2011. The second Loan Agreeme..
  • Tawana Resources completes placement

    2014-04-15
    Tawana Resources Nl has successfully completed a Placement of 200 million ordinary shares at a price of $0.025 per share to institutional and professional investors.

    The Placement raised $5 million, before costs, which will be put toward the Pre-Feasibility Study and accompanying engineering/design and resource upgrades for the Mofe..
  • Tiger Resources’ contractor invests in the company

    2014-04-15
    Tiger Resources Limited has formed an alliance with mining contractor, MCK Trucks sprl.


    MCK Trucks has been a mining contractor at the company’s Kipoi copper project located in the Democratic Republic of Congo for..
  • Amara Mining announces results of Open Offer

    2014-04-14
    In March 2014, Amara Mining Plc announced a Placement to raise £18.2 million through the issue of 107 058 823 new ordinary shares and an Open Offer to raise up to £4.2 million through the issue of up to 24 468 439 new ordinary shares, both at an issue price of 17.0 pence per share.

    1 705 050 Open Offer shares were accepted by qualif..
  • Baobab Resources completes pyrometallurgical testwork

    2014-04-14
    Baobab Resources Plc released the results of the second round of pyrometallurgical testwork conducted at the Tete project in Mozambique. 

    The company reports that the completed second round of bench-scale beneficiation, reduction and smelting tests of oxidised iron ore confirmed the potential of a low impurity pig iron prod..
  • Gold Fields releases Q1 2014 production update

    2014-04-14
    Gold Fields Limited has released a brief update regarding its production results for Q1 2014.

    The company reports attributable group production amounted to an estimated 557 000 gold equivalent ounces for Q1 2014.

    All-in sustaining costs are expected to be $1 095/ounce while all-..
  • Premier African Minerals enters option agreement for 30% stake in Danakil

    2014-04-14
    Premier African Minerals Limited entered into an option agreement with AgriMinco Corporation in March 2014, whereby the company had the option to purchase a 30% interest in the Danakil potash project in Ethiopia.

    The TSX-V has proved the proposed transaction subject to AgriMinco receiving shareholder approval at a special meeting to..
  • Birimian Gold identifies new gold prospects

    2014-04-11
    Birimian Gold Limited received analytical results from the exploration programme which was conducted at the Basawa Gold project in Liberia

    The results, from the auger sampling conducted at the Before Camp and Newtown Prospects, yielded..
  • Sula Iron and Gold commences with drilling

    2014-04-11
    Sula Iron and Gold Plc has commenced with a drilling programme to further define the Direct Shipping Ore (DSO) iron Mineral Resource Estimate at its Ferensola iron project located in Sierra Leone.

    The drilling programme is targeting DSO mineralisation contained in a 3.1km banded iron formation. A nine hole 2 000 metre drill programm..
  • African Consolidated Resources appoints an Acting CEO

    2014-04-09
    African Consolidated Resources Plc has announced the appointment of Roy Pitchford as the 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..
  • Ncondezi Energy reports progress on 300MW power plant project

    2014-04-09
    Ncondezi Energy Limited released an update regarding the progress made on the 300 Megawatt power plant project in Tete, Mozambique. 

    The company submitted a draft Power Purchase Agreement to Electricidade de Mozambique as well as an application to the Mozambican Department of Energy for a power concession. Both are anticipa..
  • Sierra Rutile reports strong operational performance

    2014-04-09
    Sierra Rutile Limited has released its Q1 2014 operational update.

    The company reports a 12% increase in rutile production, from Q1 2013, to total 28.218 tonnes. Ilmenite production increased by 23% from Q1 2013 to amount to 6.868 tonnes.

    During the period the company continued ..
  • DRDGOLD updates on the Fine Grind and Flotation Circuit commissioning

    2014-04-09
    DRDGOLD Limited has released an update regarding the commissioning of the fine grind and flotation circuit at the company’s Ergo operations in South Africa.  

    The circuit involves the introduction of a floatation circuit, a set of fine gr..
  • Universal Coal commences with first coal sale

    2014-04-08
    Universal Coal Plc has delivered the first thermal coal sale from the Kangala mine in the Witbank coalfield, South Africa.

    The company reports that the Run-Of-Mine coal, which was mined in February from Kangala, has been processed prior to being t..
  • Tiger Resources increases Mineral Resource

    2014-04-08
    Tiger Resources Limited has increased the Mineral Resource at Kipoi Central, which is the principal deposit of the company’s 60% owned Kipoi Copper project located in the Democratic Republic of Congo.

    The Mineral Resource was increased by 7.5%, f..
  • African Minerals announces FY13 results

    2014-04-04
    African Minerals Limited has released its unaudited results for the full year ended 31 December 2013.

    During 2013 the company completed the fastest major mine development which resulted in its Tonkolili iron ore mine, in Sierra Leone, being ramped up to 20 million tonnes per annum across a 200km rail and port infrastructure network...
  • IMX Resources announces changes to the Board

    2014-04-03
    IMX Resources has announced the appointment of Gary Sutherland as the new Managing Director with immediate effect. 

    Sutherland has extensive experience in the iron ore field and will be involved in the development of the company’s iron ore growth strategy as well as the portfolio of development and exploration projects. He ..
  • Lonmin announces Directorate change

    2014-04-02
    Lonmin Plc has announced the intention of its Chairman, Roger Phillimore, to retire from the Board of Directors.

    The effective date of Phillimore’s retirement is 30 April 2014, following which Brian Beamish, current Independent Non-Executive Director, will assume the position of Interim Chairman. 
    <..
  • Sibanye Gold releases provisional consolidated results

    2014-04-02
    Sibanye Gold Limited has published its reviewed condensed, consolidated provisional financial statements for the year ended 31 December 2013.

    Operating profit increased by 28% from R5 730 million in 2012 to R7 358 million in 2013. Gold production was also reported to have increased by 17% to 44 474 kg. 
  • Strategic Natural Resources releases an update on funding discussions

    2014-04-02
    Strategic Natural Resources Plc announced that discussions with a potential strategic investor are still ongoing, subsequent to the announcement on 5 March 2014. 


    There is no guarantee that the talks will yield positive results for the company, however the Directors of the company remain hop..
  • DiamondCorp places new shares to raise £2.1 million

    2014-04-02
    DiamondCorp Plc has placed 41 526 000 new ordinary shares of 0.1 pence each in order to raise approximately £2.1 million. 


    The placing of the shares was undertaken with a range of new and existing institutional and private investors in South Africa and the UK. The placement comprises of 5 00..
  • Pan African Resources’ approves Evander Tailings Retreatment project

    2014-04-01
    Pan African Resources 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..
  • Equatorial Resources receives mining license

    2014-04-01
    Equatorial Resources Limited has been awarded a mining license for the Mayoko-Moussondji iron project located in the Republic of Congo.

    The license was awarded by the government of the Republic of Congo and is a major milestone for the company as it provides it with an exclusive 25 year right to develop and mine the project.
  • Regency Mines reports a significant increase in revenue

    2014-03-31
    Regency Mines has releases its interim results for the six month period ended 31 December 2013.

    The company reports revenue to have increased substantially from £187 266 in the corresponding period of 2012 to £1 037 693 for the period under review. The company further reports having reduced its loss after tax from continuing operati..
  • Baobab Resources’ Measured Resource Estimate underpins a minimum of 20 years of operation

    2014-03-31
    Baobab Resources Plc released a summary of the measured resource estimate of the Tenge resource block at the 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 ..
  • Centamin’s takeover offer for Ampella Mining closes

    2014-03-31
    Centamin West Africa Holdings Limited has announced that its takeover offer for the entire issued share capital of Ampella Mining Limited closed on 24 March 2014.

    Centamin West Africa now holds a greater than 90% stake in Ampella Mining and as such intends to acquire the remaining shares through the compulsory acquisition provision ..
  • Kasbah Resources receives ESIA approval

    2014-03-31
    Kasbah Resources 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 ..
  • Coal of Africa receives approval for Opgoedenhoop disposal

    2014-03-28
    Coal Of Africa Limited has received approval from the Department of Mineral Resources to dispose of the Opgoedenhoop mineral right.

    The company has received a deposit of R5 million for the mining right, which will be sold for R20.4 million. The balance of the consideration is payable within 12 months.
  • Randgold & Exploration reports a strong financial position

    2014-03-26
    Randgold & Exploration Company Limited released its abridged consolidated financial statements for the year ended 31 December 2013.

    Income for the period resulted, mainly, from settlements and recoveries of R22 million, profit on sale of prospecting rights of R1 million and interest earned on cash investments of R11.4 millio..
  • Redstone Capital exercises rights under Central Rand Gold Option Agreement

    2014-03-26
    Central Rand Gold Limited has received confirmation from Redstone Capital Limited regarding the proposed share option take up.

    Redstone Capital agreed to take up the 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 ..
  • Anglo American Platinum signs Wage Agreement

    2014-03-26
    Anglo American Platinum Limited has announced that the National Union of Metalworkers South Africa (NUMSA) has accepted its wage offer and signed a Wage Agreement. 

    The agreement, which is for the period 1 July 2013 to 30 June 2015, stipulates wages and other conditions of employment for operational employees. <..
  • Wesizwe Platinum releases results

    2014-03-26
    Wesizwe Platinum Limited has released its group financial statements for the full year period ended 31 December 2013.

    The group reports that 469 590 shifts were worked without any fatalities at the Bakubung platinum mine in South Africa. The main ..
  • Papillon Resources commences with the DFS

    2014-03-25
    Papillon Resources Limited has commenced with the Definitive Feasibility Study for the Fekola gold project in Mali.

    The Definitive Feasibility Study, which is scheduled for completion during H2 of 2014, follows the successful completion of the Pre..
  • Syrah Resources upgrades Balama East resource

    2014-03-25
    Syrah Resources Limited has been infill drilling at the Mepiche zone at its Balama East operations, in Mozambique, with the aim of upgrading the resource.

    As a result of the drilling programme, the Mepiche zone now contains a Measured, Indicated and Inferred Resource of 214.3 million tonnes at a grade of 16.0% total graphitic carbon..
  • Golden Rim Resources secures ownership of the Balogo project

    2014-03-25
    Golden Rim Resources Limited has made final payment to secure the entire Balogo project located in Burkina Faso.

    The company is currently conducting a Feasibility Study on the project for the development of a gold mine on the high grade Netiana L..
  • Peak Resources delivers robust Preliminary Feasibility Study results

    2014-03-24
    Peak Resources Limited released the Preliminary Feasibility Study results for its 100 % owned Ngualla rare earth project located in Tanzania

    The Preliminary Feasibility Study confirmed that the Ngualla project is economically robust, wi..
  • Premier African Minerals enters into an Option Agreement

    2014-03-24
    Premier African Minerals Limited has signed an Option Agreement with TSX-V listed AgriMinco Corporation whereby it will have the option to acquire 30% of 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.
  • Drake Resources releases gold assay results

    2014-03-24
    Drake Resources Limited has released the rock chip sampling results from its recently granted area within the Seimana project in Guinea. 

    The results yielded gold assays of quartz veining in the vicinity of artisanal working, which include 70.8 g/t gold, 29.4 g/t gold, 17.8 g/t gold, 15.1 g/t gold and 13.1 g/t gold. The hig..
  • Bauba Platinum acquires chrome assets

    2014-03-24
    Bauba Platinum Limited has entered into an Assets for Shares Agreement with various vendors for the acquisition of a 60% interest in the prospecting rights over the Moeijelik 412 KS and Waterkop 113 KT farms, in South Africa.


  • Forbes & Manhattan Coal enters Settlement Agreement

    2014-03-19
    Forbes & Manhattan Coal Corporation has reached a Settlement Agreement with Riversdale Mining Limited regarding the 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..
  • Gem Diamonds delivers strong operational performance

    2014-03-19
    Gem Diamonds Limited has released its full year results for the period ended 31 December 2013.

    The company reports having successfully reduced the diamond damage at its Letsěng mine in Lesotho. 95 053 carats were recovered from the mine, generating an average of $2 043/carat. The mine treated 6.2 million tonnes and removed ..
  • Aureus Mining completes New Liberty ball mill foundations

    2014-03-19
    Aureus Mining Incorporated announced the completion of the ball mill foundations of the New Liberty gold projects’ processing plant, in Liberia.

    The completion of the ball mill foundations is a key milestone in the project’s construction schedule..
  • Steller Diamonds reports excellent bulk sampling results

    2014-03-19
    Stellar Diamonds Plc reports that high grade, exceptional quality diamonds continue to be discovered at its 1.1 million carat resource Tongo kimberlite dyke project in Sierra Leone.

    The bulk sampling programme, which has delivered 2 150 tonnes of material to the sample stockpile, is part of the Definitive Feasibility Study which is ..
  • Ferrum Crescent reports net loss after tax

    2014-03-18
    Ferrum Crescent Limited released its interim results for the six months period ended 31 December 2013. 

    The company reports its group assets of AUD 1 612 202 incurred a net loss of AUD 1 687 725. Cash in operations was $486 088, compared to $2 277 707 recorded in the previous corresponding period, and the company reported a..
  • Amara Mining releases PEA results for its Yaoure gold project

    2014-03-18
    Amara Mining Plc announced the results of its Preliminary Economic Assessment for the 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..
  • Hummingbird Resources reports an increase in its Tuzon deposit grade

    2014-03-17
    Hummingbird Resources Plc reports that the Indicated Resource estimate from its Tuzon deposit, in Liberia, increased to 42Mt at 1.5 g/t of gold for 2.0Moz within a $1 500/ounces gold constrained pit.

    The company reports its total resource inventory to have increased to 4.2 Moz and a significant increase in the Indicated Resource gra..
  • Birimian Gold announces commencement of aircore drilling

    2014-03-17
    Birimian Gold 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..
  • Merafe Resources reports a 38% increase in revenue

    2014-03-14
    Merafe Resources Limited has released its financial results for the full year period ended 31 December 2013. 

    The group reports production tonnes to have increased by 32% to 319 000 tonnes for the period, while revenue increased by 38% to R3.5 billion. The increase in revenue is attributable to the increase in ferrochrome s..
  • Jubilee Platinum terminates Implementation Deed Agreement

    2014-03-14
    Jubilee Platinum Plc has terminated the Implementation Deed which proposed the acquisition of 100% of the ordinary shares in Platinum Australia Limited.

    Both parties concluded that the agreement no longer offers optimal value for Jubilee Platinum’s shareholders, given current market conditions. They did, however, agree to continue d..
  • Wesizwe Platinum’s optimisation study approved

    2014-03-14
    Wesizwe 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 ..
  • West African Resources reports high grade drilling results

    2014-03-13
    West African Resources Limited released the results of the reverse circulation and diamond drilling programme conducted at its Mankarga 5 deposit part of the Boulsa project, in Burkina Faso.

    Significant results include 28 metres at 1.87 g/t gold ..
  • African Consolidated Resources declares an ore Reserve Estimate

    2014-03-13
    African Consolidated Resources Plc has confirmed an ore Reserve Estimate of 16.6 million tonnes grading at 1.9g/t for 1.02 million ounces at its flagship Pickstone Peerless gold project in Zimbabwe.

    The ore Reserve Estimate, based on a gold price ..
  • Sula Iron and Gold issues warrants

    2014-03-12
    Sula Iron and Gold Plc has issued warrants subscribing to a total of 6 500 000 ordinary shares of 1 pence each to key staff members as part of the company’s incentive and retention strategy.

    Andrew Dacey, the company’s Non-Executive Technical Director, has been granted 2 500 000 of the warrants.

  • Goldplat releases interim results

    2014-03-12
    Goldplat Plc has released its interim results for the six month period ended 31 December 2013.

    The company reports having spent the period focusing on the restructuring of Goldplat’s gold recovery and mining business in Africa with the aim of making it more profitable in the changing economic environment.
  • Themba Mkhwanazi to serve as CEO of Anglo American’s coal business

    2014-03-11
    Anglo American Plc has appointed Themba Mkhwanazi as Chief Executive Officer of its coal business in South Africa, which will come into effect during Q2 2014.


    The appointment of Mkhwanazi follows the decision of Go..
  • CCMA suspends facilitated negotiations between platinum producers and AMCU

    2014-03-11
    Lonmin Plc has announced the suspension of the facilitated negotiations relating to wage disputes and the strike action currently underway.


    The negotiations between Lonmin, Anglo American Platinum, Impala Platinum Holdings Limited and the Association of Mineworkers and Construction Union (AMCU) were ..
  • Boss Resources enters into a Joint Venture

    2014-03-11
    Boss Resources Limited has entered into a binding Heads of Agreement with Gryphon Minerals Limited to establish a Joint Venture.

    The Joint Venture will be in relation to the company’s Golden Hill, Gourma and Tenkodogo gold projects located in Burkina Faso&..
  • Kibaran Resources commences resource upgrade drilling

    2014-03-11
    Kibaran Resources Limited has announced that the resource upgrade drilling programme at its Epanko deposit, in Tanzania, has begun.

    The programme aims to upgrade the existing JORC Inferred Mineral Resource, of 14.9Mt at 10.5% total graphitic carbo..
  • Radcliffe Resources places shares

    2014-03-10
    Radcliffe Resources Limited has successfully raised AUD170 000, before costs, through the placement of 11 333 338 shares at a price of 1.5 cents per share.

    Proceeds from the placement will be put toward the further development of the Mbesi copper project in Tanzania.

    Radcliffe R..
  • Gryphon Minerals’ update on exploration pipeline

    2014-03-10
    Gryphon Minerals Limited has released an update on its exploration activities in Burkina Faso and Mauritania.

    The Banfora gold project, in Burkina Faso, yield..
  • African Rainbow Minerals releases interim results

    2014-03-10
    African Rainbow Minerals Limited has released its interim results for the six month period ended 31 December 2013.

    The company reports Headline Earnings to have increased by 66%, from R1.41 billion for the corresponding period of 2012 to R2.34 billion for this period. Accordingly, Headline Earnings per Share have increased from 654 ..
  • Giyani Gold subsidiary to acquire Birch Hill Gold

    2014-03-10
    Giyani Gold 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..
  • Tawana Resources discovers further mineralisation

    2014-03-10
    Tawana Resources NL has announced the discovery of additional friable itabirite iron mineralisation at the Koehnko prospect at its Mofe Creek iron ore project in Liberia.

    The Maiden Resource drilling programme has been completed and the Maiden Re..
  • West African Resources to acquire 100% Tanlouka permit

    2014-03-10
    West African Resources Limited has entered into an agreement to acquire the remaining 10% of the Tanlouka permit, part of the Boulsa project in Burkina Faso

    Following this transaction, West African Resources will own 100% of the permit..
  • Lucapa Diamonds applies for mining lease in Angola

    2014-03-10
    Lucapa Diamond Company Limited announced that it has submitted an application for an alluvial diamond mining lease over part of the Lulo Diamond Concession in Angola. 

    The 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..
  • Gem Diamonds sells two exceptional diamonds

    2014-03-07
    Gem 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..
  • Aura Energy secures AUD3.8 million funding

    2014-03-05
    Aura Energy Limited has completed a financing arrangement with the Australian Special Opportunity Fund and will receive up to AUD3.8 million over the next 24 months.

    The financing will provide the company with the necessary funds to complete the scoping study for its Reguibat project located in Mauritania. Completion of the scoping ..
  • Sable Mining Africa completes Preliminary Feasibility Study

    2014-03-05
    Sable Mining Africa Limited has completed the Preliminary Feasibility Study ('PFS') conducted on the Nimba Iron Ore project in Guinea.

    &..
  • Centamin acquires controlling interest in Ampella Mining

    2014-03-05
    Centamin Plc has announced that its off-market takeover offer to Ampella Mining Limited is free from all defeating conditions and is now unconditional.

    Centamin through its subsidiary, Centamin West Africa Holdings Limited, now holds 126 321 285 shares, or 51.14%, in Ampella Mining. As such, Centamin has requested that Paul Kitto, R..
  • Regency Mines converts bonds into ordinary shares

    2014-03-05
    Regency Mines Plc has converted £125 000 in unsecured convertible bonds 2014 into 39 976 973 ordinary shares of 0.1 pence each as requested by YA Global Master SPV Limited.

    The bonds will be converted under the convertible bond instrument, at a price of £0.0031268 per share. The company will, at the same time, convert £7,614 of inte..
  • Continental Coal releases operational update and financial report

    2014-03-05
    Continental Coal Limited released its operational and financial report for the half-year ended 31 December 2013.

    Revenue and other income from ordinary activities increased by 28% to AUD 39 900. 
    The company reported a Basic loss per share of 2.29 and a net loss of $16 698 000 after providing for incom..
  • Harmony Gold appoints a new COO

    2014-03-05
    Harmony Gold Mining Company Limited has announced the appointment of Alwyn Pretorius as the 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..
  • Royal Bafokeng Platinum releases results

    2014-03-05
    Royal Bafokeng Platinum Limited has released its unaudited results for the year ended 31 December 2013.

    The company reports its Serious Injury Frequency Rate to have decreased by 37% and Lost Time Injury Frequency Rate decreased by 9%. During the period the built-up platinum head grade improved by 8% from 4.07g/t to 4.38g/t.&nbs..
  • Firestone Diamonds appoints Chief Project Officer for Liqhobong

    2014-03-05
    Firestone Diamonds has appointed Glenn Black as the 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..
  • Regal Resources completes first diamond drill

    2014-03-04
    Regal Resources Limited has successfully completed the first diamond drill hole (DKAL_011T) of phase 1 drilling programme at the Kalongwe copper cobalt project located in Democratic Republic of Congo.

    The DKAL_011T is one of four drill holes which have been designed to confirm historic drill results. The company will combine the dri..
  • Oklo Resources commences geophysical survey

    2014-03-04
    Oklo Resources has announced the commencement of a geophysical survey programme conducted at its Dandoko gold project located in Mali.

    An Induced Polarisation survey programme will be undertaken on a series of line traverses across the Disse, Dlabarou, Selingouma and Gombaly targets for approximately two weeks. All these targets wer..
  • Kogi Iron announces Maiden Reserve at Agbaja

    2014-03-04

    Kogi Iron Limited has announced a maiden ore reserve of 205 million tonnes at 45.7% iron found at its 100% owned Agbaja iron ore project in Nigeria.


    The Maiden Reserve confirms the assumption of the Preliminary Feasibility Study that there is sufficient mineab..

  • Universal Coal commences production at Kangala

    2014-03-04
    Universal Coal Plc has announced that production at its Kangala coal mine in South Africa has begun.

    The company is on track to deliver its first coal production in March 2014 as per the 2Mtpa offtake agreement with Eskom. Surplus production will then enter the export markets through the 100ktpa offtake agreement with Exxaro Resourc..
  • Sentula Mining enters into a sale of agreement

    2014-03-03
    Sentula Mining Limited has entered into a Sale of Shares and Claims Agreement with Roan Coal Proprietary Limited for the disposal of Benicon Mining Proprietary Limited.

    Benicon Mining is a 74% owned subsidiary of Sentula Mining and holds the Bankfontein mining right.
    In terms of the Sale Agreement, the company ..
  • Centamin acquires Ampella Mining

    2014-02-26
    Centamin Plc, through its wholly owned subsidiary, Centamin West Africa Holdings Limited, has acquired the controlling interest in Ampella Mining Limited.

    Centamin West Africa holds 126 321 285 shares or 51.14% in Ampella Mining which allows the company the right to appoint a majority of the Directors to the Board of Ampella Mining ..
  • Ncondezi Energy initiates a binding bid process

    2014-02-26
    Ncondezi Energy Limited has initiated a tender process to appoint a mining contractor for the design, engineering, commissioning, operation and maintenance of the Ncondezi coal mine which is to be located in Mozambique.

    The tender process follows the completion and publication of the optimised mine feasibility study in December 2013..
  • Eskom reinstates Private Power Purchase Agreement with Jubilee Platinum

    2014-02-26
    Jubilee Platinum Plc has announced that the Private Power Purchase Agreement between South 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..
  • Impala Platinum updates on the industrial action mediation

    2014-02-26
    Impala Platinum Holdings Limited has given an update on the industrial action and the outcome of the talks between the Platinum sector and the Association of Mineworkers and Construction Union (AMCU). 

    The parties have not managed to secure a resolution to the industry wage dispute which has continued for four weeks. The co..
  • SacOil enters into an Expression of Interest

    2014-02-26
    SacOil Holdings Limited has advised shareholders that it has entered into an Expression of Interest with The Instituto De 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..
  • West African acquires heap leach plant

    2014-02-25

    West African Resources Limited has entered into an agreement to acquire a heap leach plant for the Mankarga 5 gold project in Burkina Faso.


  • Papillon Resources discovers new gold

    2014-02-25

    Papillon Resources Limited announced that the recently granted Menankoto Sud Exploration Permit yielded positive results from the first shallow drilling programme.


  • Birimian Gold commences drilling programme in Mali

    2014-02-25

    Birimian Gold Limited announced the commencement of the company’s next exploration phase at the Massigui gold project in Southern Mali.

  • AngloGold Ashanti returns to production growth

    2014-02-21
    AngloGold Ashanti Limited released its financial report for the fourth quarter and year periods ended 31 December 2013. 

    The company reports production of 4 105 million ounces at a total cost of $830 ounces. This is the first annual increase in production for AngloGold in nine years. Q4 production increased 43% over Q4 of 2..
  • Tembo Gold commences with drill programme

    2014-02-20
    Tembo Gold Corporation announced the commencement of the 2014 in-fill and deep-drilling programmes, as well as the mobilization of the two diamond drilling rigs to its operations in South Africa.

    The company has designed and initiated the drill programme to further test previously drilled targets pursuant to the successful completio..
  • True Gold Mining receives financing of C$519 million

    2014-02-20
    True Gold Mining Incorporated has closed the Bought Deal Offering and Private Placement with Liberty Metals & Mining Holdings for total gross proceeds of C$519 million.

    The proceeds will be used for construction and development at the Karma Gold project located in Burkina Faso, as well as for the company’s mineral projects a..
  • Petra Diamonds sells 29.62 carat blue diamond

    2014-02-20
    Petra Diamonds Limited has sold the 29.62 carat blue diamond recovered, in January 2014, from the Cullinan mine in South Africa.

    The diamond sold for $25 555 555, $862.780 per carat, following a highly competitive sales process.  The diamond was purchased for Cora International NY, through the South African company Golden Y..
  • Sula Iron & Gold issues equity

    2014-02-19
    Multi-commodity exploration company, Sula Iron & Gold Plc, has issued 250 000 new ordinary shares of 1 pence each.

    The issuing of shares follows the exercise of 250,000 warrants granted in October 2013. The company received valid notice of exercise and as well as funding of £7 500, which represents the exercise price of 3 pe..
  • DRDGold reports a decrease in revenue for Q2

    2014-02-19
    DRDGold Limited has released its financial report for the second quarter and six months period ended 31 December 2013. 

    For Q2, the company reports a 4% decline in throughput to 5 856 000 tonnes. Revenue decreased 7% to R450.6 million due both to a decline of 4% in gold sold to 35 043 ounce and of 3% in the average gold pri..
  • African Barrick Gold releases preliminary results

    2014-02-19

    African Barrick Gold Plc has released its preliminary results for the 12 month period ended 31 December 2013. 

  • Jubilee Platinum to convert loan notes into equity

    2014-02-19

    Jubilee Platinum Plc has received a notice of exercise by Darwin Strategic Limited to convert a further £450 000 of Darwin Strategic’s £1.85 million Convertible Loan Notes into equity.


    ..

  • West African Minerals places additional shares

    2014-02-19

    West African Minerals Corporation has placed an additional 34 843 206 new ordinary shares to raise approximately £2.44 million.


    The com..

  • Baobab Resources reports higher head grades

    2014-02-19

    Baobab Resources Plc has released the results of the initial drilling conducted at the Tete pig iron and ferro-vanadium operation in Mozambique.

  • Rio Tinto reports 10% increase in earnings

    2014-02-18
    Rio Tinto Plc has released its financial results for the year ended 31 December 2013.

    The company reports underlying earnings to have increased by 10% to $10.2 billion, while operating cash costs improved by $2.3 billion, exceeding the company’s original target of $2.0 billion. Exploration and evaluations savings exceeded the compan..
  • Tlou Energy updates on Lesedi project

    2014-02-18
    Tlou Energy has released an update from its Lesedi Coal Bed Methane project located in Botswana.

    The company reports continuation of the dewatering process at the Lesedi and Selemo gas production pilot wells. Due to greater than anticipated water flows, the company plans to increase the pump lift capacity on the wells.<..
  • Base Resources’ maiden ilmenite shipment

    2014-02-18
    Base Resources Limited received an export permit for its maiden shipment of 25 000 tonnes of ilmenite, from the Kwale mineral sands project, in Kenya.

    The shipment was loaded on the bulk carrier MV African Eagle and left from the company’s marine facility on 12 February 2014; headed for a customer in China. The ship loade..
  • Oklo Resources’ Dandoko gold project delivers strong results

    2014-02-18
    Oklo Resources Limited has announced the auger drilling programme results from its Dandoko gold project located in Mali.

    The company reports having drilled 1 000 metres of the planned 3 000 metres drilling during December 2013 and January 2014. Initial results have been received and have successfully defined two new gold targets: Se..
  • Mintails recommences with production following suspension

    2014-02-14
    Mintails Limited has released an updated report on the temporary suspension of mining activities at the Randfontein cluster operations in South Africa.

    Mintails suspended mining activities on 4 February 2014, following the receipt of formal notice..
  • Stellar Diamonds reports continued high diamond grades

    2014-02-14
    Stellar Diamonds Plc has announced that further high grade diamonds have been returned from the bulk sampling programme at its 1.1 million carat Tongo dyke kimberlite project in Sierra Leone. 

    The preliminary sample processing delivered 151 carats from 141 tonnes of kimberlite for a grade of 107 carats per hundred tonnes.&a..
  • Kumba Iron Ore receives mining right

    2014-02-14
    Kumba Iron Ore 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.
  • Atlatsa Resources begins trading on the TSX

    2014-02-14
    Atlatsa Resources Corporation has moved its shares from trading on the TSX Venture Exchange to begin trading on the TSX main board.

    Atlatsa Resources’ shares will remain trading under the symbol “ATL”.

    Commenting on this, Chief Executive Officer of the company, Harold Motaung, c..
  • Xceed Resources acquired by Keaton Energy

    2014-02-14
    In February 2014, Keaton Energy Limited had made an offer to acquire the entire issued share capital of Xceed Resources Limited by way of a Scheme of Arrangement and a Specific Issue.

    The Specific Issue is of 32 647 838 new Keaton Energy ordinary shares to Plusbay Limited, a wholly-owned subsidiary of Gunvor Group Limited, at an iss..
  • Keaton Energy concludes financing facility

    2014-02-14
    Keaton Energy Holdings Limited concluded a R350 million financing facility with Investec Bank Limited.

    Investec has provided the company with a R300 million term loan and a R50 million working capital facility.

    R170 million of the term loan has been used to pay remaining balance..
  • West African Minerals’ share placement

    2014-02-12

    West African Minerals Corporation has issued 52 797 738 new ordinary shares at a placing price of 7 cents per share together with one warrant for every two Placing Shares.


  • GlencoreXstrata reports strong results for 2013

    2014-02-12
    GlencoreXstrata Plc has released a production statement for the full year period ended 31 December 2013.

    Copper production for the period had increased by 26% to 1.5 million tonnes. The key expansion projects at the Katanga and Mutanda operations, in the..
  • Stratex expands its portfolio in Liberia

    2014-02-12
    Stratex International Plc has signed a Purchase Agreement with Aforo Resources Liberia Limited for its Sinoe gold exploration license in Liberia.

    Aforo Resources Liberia is a wholly owned subsidiary of the private Australian company, Aforo Resources ..
  • Pan African Resources issues shares under share options

    2014-02-12
    Pan African Resources Plc has issued ordinary shares after share options, granted in 2008, were exercised under the 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 ..
  • Aquarius Platinum reports a marginal decrease in revenue

    2014-02-12
    Aquarius Platinum Limited has released its financial results for the six months ended 31 December 2013.

    Aquarius Platinum reported a loss of $24 million for the period, despite continued improvement of operational performance at all operating mines. To..
  • Firestone Energy delivers feasibility study results to Eskom

    2014-02-11
    Firestone Energy Limited and its Waterberg Coal Joint Venture Partners have announced the completion of the feasibility study for an opencast mining operation, in South Africa, and delivered the results to Eskom.

    The study was to establish whether..
  • Hodges Resources to divest Ghana operations

    2014-02-11
    Hodges Resources Limited has entered into an exclusive sale agreement with an international private company to divest 100% of its Salmon South and Marne gold projects in Ghana

  • Harmony Gold to benefit from high Rand gold prices

    2014-02-11
    Harmony Gold Mining Company Limited reduced its general costs quarter on quarter and kept production stable at 305 913 ounces of gold.

    The All-in Sustaining Costs were also reduced from  R404 694/kg to R397 503/kg quarter on quarter and by 2..
  • Paladin Energy suspends Kayelekera mine

    2014-02-11
    Paladin Energy 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..
  • Nyota Minerals’ quarterly report

    2014-02-11
    Nyota Minerals Limited has released its quarterly report for the three month period ended 31 December 2013. 

    During the period, Nyota Minerals completed the sale of 75% of its subsidiary, Nyota Minerals Ethiopia Limited, for a cash consid..
  • Rockwell Diamonds announces partnership with African Renaissance

    2014-02-10
    Rockwell Diamonds Incorporated announced that African Renaissance Holdings Limited has agreed to partner with the company as its Black Institutional Investor, acquiring a 30% stake. 

    African Renaissance will have equity stake of 30% in the Middle Orange operations. The two companies will become partners in Black Economic Em..
  • Atlatsa Resources completes group restructuring plan

    2014-02-10

    Atlatsa Resources Corporation has announced the completion of its group restructuring plan which was originally announced in March 2013.


    The final phase of the restructuring plan was completed on the 31st of January 2014 between

  • Hodges Resources lodges title for Morupule South coal project

    2014-02-07
    Hodges Resources Limited has lodged paper work with the relevant authority in Botswana for the transfer of the title from the joint venture partner to its newly incorporated entity.

    The new entity is called Morupule South Resources (Proprietary) Limited and the transfer of the project is expected to be completed during the next quar..
  • Sibanye Gold expects an increase in gold production

    2014-02-05
    Sibanye Gold Limited released its production update and trading statement for the quarter ended 31 December 2013.

    The company expects a 2% increase in gold production to 386 ounces and a decrease of between 6% and 9% decrease in average All-in costs.

    For the year ended 31 Decemb..
  • Resource Generation releases quarterly report

    2014-02-04

    Resource Generation Limited has released a production report for the three month period ended 31 December 2013.

  • Sable Platinum revises name change dates

    2014-02-04

    Sable Platinum Limited has revised the salient dates for its change of name.

    &..
  • Ferrum Crescent signs a letter of intent

    2014-02-04

    Ferrum Crescent Limited has entered into an agreement with Anvwar Asian Investment to progress the bankable feasibility study on the development of the Moonlight Iron Ore Project.

  • Canyon Resources releases quarterly report

    2014-02-04

    Canyon Resources Limited has released an activities report for the quarter ended 31 December 2013.

  • West African Resources releases quarterly report

    2014-02-04

    West African Resources Limited has given an update regarding its activities for the quarter ended 31 December 2013.

  • Universal Coal commences hot commissioning

    2014-02-04

    Universal Coal Plc has begun hot commissioning of the BC1/BC2 circuit at Kalanga Coal, in South Africa, following the successful completion of the cold commissioning in December 2013.

  • Shanta Gold reports Maiden Reserve of 215 000 ounces

    2014-02-03
    Shanta Gold Limited has announced a Maiden Reserve Estimate for its Singida gold mining project located in Tanzania.

    The company reports a proven insitu ore reserve of 1.39 million tonnes at 5.1 g/t for 230 000 ounces recovered gold. 

    Shanta Gold’s ore reserve is based ..
  • Base Resources’ status report on its Kwale project

    2014-01-31
    Base Resources Limited has released its quarterly progress report from its Kwale mineral sands project in Kenya.  

    Following the successful commissioning of the dry mining unit and wet concentrator in October 2013, the company has produced 42 472 tonnes of heavy mineral concentrate during the quarter ended 31 December 2013...
  • Continental Coal enters into a binding term sheet for $5 million

    2014-01-30
    Continental Coal Limited has entered into a binding term sheet with Empire Equity Limited for a $5 million limited recourse bridge facility.

    The funds will be put toward general operating expenses and for payments to creditors, which will allow the company to keep trading while it continues to seek a broader recapitalisation and res..
  • Gold One delists from the JSE and ASX

    2014-01-30
    Gold One International Limited has announced that its securities will no longer be trading on the Johannesburg Stock Exchange as well as the Australian Stock Exchange as of 30 January 2014.

    The delisting follows the acquisition of Gold One International by BCX Gold Investment Holdings Limited.

  • North River Resources enters into a drill-for-equity agreement

    2014-01-30
    North River Resources has entered into a drill-for-equity agreement with Wilhelm Shali, the owner of the drilling and mining contractor operating at the company's Namib lead-zinc project in Namibia.

    According to the agreement, Wilhelm Shali will be paid for drilling programmes in North River Resources shares as opposed to cash...
  • Gryphon Minerals receives permit for Banfora gold project

    2014-01-30
    Gryphon Minerals Limited has been granted the Environmental Permit for its Banfora gold project located in Burkina Faso.

    The permit was granted by the Burkina Faso Ministry of Environmental and Sustainable Development and marks the final stages of the mine permitting process for the company. The company is aiming to acquire a Mining..
  • Randgold Resources plans to expand flotation process

    2014-01-29
    Randgold Resources Limited expects its flotation expansion project to increase the gold recovery rate at the company’s Tongon mine, in Côte d’lvoire, to the level calculated in the feasibility study.

    The company has been in the process of implementing efficiency enhancement projects at the
  • Gem Diamonds releases a trading update

    2014-01-29
    Gem Diamonds Limited has released a trading update from its Letšeng and Ghaghoo operations for the quarter ended 31 December 2013.

    The company’s 70% owned Letšeng diamond mine, in Lesotho, produced 27 227 carats during the period, an increase of 7% f..
  • Beacon Hill voluntarily delists from ASX

    2014-01-28
    ASX and AIM listed company, Beacon Hill Resources Plc, ceased trading on the Australian Securities Exchange at the end of business on 23 January 2014.

    The company applied to the ASX for the delisting of its securities in September 2013 and subsequently received approval to be removed from the ASX official list.
  • Lucapa Diamond Company recovers 95.45 carat diamond

    2014-01-28
    Lucapa Diamond Company Limited has recovered additional large, high value diamonds, including a 95.45 carat type 2A gem, from its Lulo diamond concession in Angola.

    To date, the company has recovered 66 diamonds weighing 206 carats from the BLK_19 alluvial bulk sample. 

  • Kogi Iron finalises processing plant design

    2014-01-28
    Kogi Iron Limited, through its 100% owned KCM Mining Limited, has announced the finalisation of the processing plant design for the Agbaja iron ore project located in Nigeria.

    The processing plant design features a moderate grinding intensity tha..
  • Mineral Commodities joins the ranks of the world’s mineral sand producers

    2014-01-28
    Mineral Commodities Limited has announced the first shipments of ultra high grade zircon-rutile from Tormin, a World-Class resource located in South Africa

    The company loaded its first sale for shipment to its off-take partner Wogen Pac..
  • Tawana Resources’ metallurgical results positive

    2014-01-28
    Tawana Resources NL released the metallurgical testwork results from the Mofe Creek project located in Liberia.

    The results confirm a 68% iron ore premium quality product at 58% to 68% mass recovery. At a +3.6 Specific Gravity, the final product ..
  • Anglo American Platinum reports loss in platinum production

    2014-01-27
    Anglo American Platinum Limited has released its trading statement for the period ended 31 December 2013 and an update regarding the current industrial action.

    Headline Earnings per Share (HEPS) is expected to increase to a profit of between 480 cents and 590 cents, while Earnings per Share (EPS) is expected to improve to a loss of ..
  • Sibanye Gold’s strike suspended pending labour court ruling

    2014-01-27
    Sibanye Gold Limited has advised that the strike called by the Association of Mineworkers and Construction Union (AMCU) has been suspended due to a pending court ruling.

    AMCU has been prohibited by the Labour Court from engaging in or promoting a strike. This is due to the judgment on the interdict application brought by the Chamber..
  • Gold Fields expects increase in gold-equivalent ounces

    2014-01-27
    Gold Fields Limited released a production update for the quarter and the year ended 31 December 2014.

    The company expects its group production for Q4 2013 to be 21% higher than that achieved in Q3, amounting to approximately 598 000 gold-equivalent ounces.

    For the full year 2013..
  • Platinum Belt CEO’s release a joint statement

    2014-01-22
    Lonmin Plc CEO, Ben Magara, released a statement, on 21 January 2014, together with Terence Goodlace of Impala Platinum Holdings Limited and Chris Griffith of Anglo American Platinum Limited, regarding the intended strike action by AMCU members.

    The Association of Mineworkers and Construction Union (AMCU) distributed notices to majo..
  • Northam Platinum reaches settlement with NUM

    2014-01-22
    Northam Platinum Limited has advised that the National Union of Mineworkers (NUM) has accepted its final offer regarding annual wage increases and conditions of employment at the company’s Zondereinde mine in South Africa.

    The two year wage agreement was signed on 21 January 2014 and employees are expected to return to work on 22 Ja..
  • Impala Platinum makes Executive Leadership changes

    2014-01-21
    Impala Platinum Holdings Limited has appointed Andile Sangqu as Group Executive: Sustainability and Risk in an effort to strengthen the company’s Executive Leadership.

    Sangqu holds a B Compt Honors Degree, a Master’s Degree in Business Leadership and he has completed an Executive Development Programme as well as an Advanced Manageme..
  • Forbes & Manhattan Coal updates on loan facility

    2014-01-21
    Forbes & Manhattan Coal Corp has given an update regarding the proposed $25 million financing to be provided by Resource Capital Fund V L.P.

    The financing will comprise of a bridge loan with a principal amount of $4 million, a convertible loan with a principal amount of up to $15 million and a refinancing of the existing $6 ..
  • AngloGold Ashanti receives strike notice

    2014-01-21
    AngloGold Ashanti Limited has received notice from the Association of Mineworkers and Construction Union (AMCU) regarding its intention to call a strike.

    The strike is scheduled to take place on 23 January 2014 at AngloGold Ashanti's operatio..
  • Metals of Africa expands African operations

    2014-01-21
    Metals of Africa Limited has advised shareholders that it has entered into an agreement to acquire five copper-gold projects in Tanzania.

    The company is acquiring the projects from Select Exploration Limited for a consideration of 5 000 000 fully ..
  • Azumah Resources provides operational update

    2014-01-21
    Azumah Resources Limited has released an operational update for the quarter ended 31 December 2013.

    The company is expecting the revised Feasibility Study, carried out on its Wa gold project in Ghana, to produce a material increase in the recorded..
  • Paladin Energy sells 25% stake in Langer Heinrich mine

    2014-01-21
    Paladin Energy Limited sold a 25% joint venture equity stake in its Langer Heinrich uranium mine located in Namibia.

    The Langer Heinrich operation has a current design capacity of 5.2 MIb of uranium concentrate per annum.
    &l..
  • West African Resources acquires Channel Resources

    2014-01-21
    West African Resources Limited has completed the 100% acquisition of Channel Resources Limited.

    The company announced, on 17 January 2014, that it had received conditional approval from the TSX Venture Exchange for the listing of ordinary shares and share purchase warrants, which was the final condition for the closing of the propos..
  • Golden Deeps discovers more high grade copper, lead and silver

    2014-01-20
    Golden Deeps Limited has identified additional high grade copper, lead, vanadium and silver at the company’s Nosib Block in Namibia.

    The three commodities were identified through channel sampling and mapping and were accessed from the NO2 shaft.&..
  • Tawana Resources discovers new potential high-grade iron ore zones

    2014-01-16
    Tawana Resources NL has released the results of the ongoing resource evaluation drill programme currently underway at its 100% owned Mofe Creek iron ore project in Liberia.

    The results confirm a new high grade (+50%
  • Keaton Energy releases production update

    2014-01-16
    Keaton Energy Holdings Limited has released a quarterly production update for the three month period ended 31 December 2013.

    The company reports an improved safety performance from its Vanggatfontein operations with a Lost Time Injury Frequency Rate (LTIFR) of 0.09, while the safety performance at the company’s Vaalkrantz operations..
  • Forbes Coal releases interim financial statements

    2014-01-16
    Forbes & Manhattan Coal Corporation has released its interim consolidated financial results for the three and nine months ended 30 November 2013.

    The company reports revenue to be $16 639 389 for the three months ended 30 November 2013, an increase of 53.62% from the amount recorded in the previous corresponding period. Reve..
  • Premier African Minerals' subsidiary completes Phase 1 drilling program

    2014-01-15
    Danakil Potash Corporation has completed Phase 1 of the exploration programme, which included a drilling programme at the Danakil potash license in Ethiopia.

    Premier African Minerals holds a 42% stake in AgriMinco Corporation, which is the joint venture partner of Danakil Potash Corporation.

  • Taruga Gold intercepts high-grade gold mineralisation

    2014-01-14

    Taruga Gold Limited reported an intercept of 7 metres at 4.3g/t gold from trench sampling carried out at its Nangalasso project in Mali.


    The comp..

  • Strategic Natural Resources extends loan facility

    2014-01-14
    Strategic Natural Resources Plc has entered into a Variation of Facility Agreement with Land Consultants Limited to extend the term of the short term loan facility.

    The loan facility has been extended from 31 December 2013 to 30 June 2014. In return, Strategic Natural Resources granted Land Consultants security over all of the asset..
  • Kibo Mining releases positive results

    2014-01-14
    Kibo Mining Plc has released positive drilling results from its Imweru gold project located in Tanzania.

    The phase 1 drilling program, which comprised 21 drill holes, was completed in late November 2013. The holes had a combined total o..
  • African Minerals achieves export production level

    2014-01-14
    African Minerals Limited has released a production update for  its Tonkolili iron ore mine in Sierra Leone for the 2013 calendar year.

    African Minerals set an export guidance of 11-13Mt for 2013 and has reported total iron ore exports of 12...
  • Apollo Consolidated releases trenching program update

    2014-01-14
    Apollo Consolidated Limited’s trenching program at Seguela gold project is approximately 60% complete and is progressing well.

    The company owns 51% of the project, which is located in Côte d’Ivoire. To date, 2 300 metres of trenches have been completed and samples from the first five trenches are being processed at the assay laborat..
  • Sierra Rutile releases Q4 2013 operational update

    2014-01-10
    Sierra Rutile Limited has announced its operational results for Q4 2013 from its operations in Sierra Leone and its guidance targets for 2014.

    The company reports a 12% quarter-on-quarter increase in its rutile production, totalling 36 059 tonnes for Q4 2013 and bringing the full year production total up to 120 349 tonnes, a 27% inc..
  • Caledonia Mining releases gold production update

    2014-01-10
    Caledonia Mining Corporation has released a gold production update from its 49% owned Blanket Mine, in Zimbabwe, for the quarter and year ended 31 December 2013.

    The company reports a total annual
  • Kogi Iron completes Environmental and Social Impact Assessment study

    2014-01-10
    Kogi Iron Limited has completed the Environmental and Social Impact Assessment (ESIA) study for its 100% owned Agbaja iron ore project located in Nigeria.

    The ESIA work, which commenced in January 2013, was conducted by Greenwater Environmental S..
  • Bauba Platinum signs non-binding term sheet for chrome exploration

    2014-01-10
    Bauba Platinum Limited has signed a non-binding term sheet, which will enable the company to assess the potential of exploiting previously excluded mineral rights. An estimated R2 million in capital is required to begin the open cast metallurgical test work on the chrome resource at the Moeijelik 412 KS and Waterkop 113 KT farms located in
  • Anglo Pacific announces passing of Chairman

    2014-01-09
    Anglo Pacific Group Plc regrets to announce the passing of Chairman and Executive Director, Peter Boycott.

    Boycott passed away on 7 January 2014 after taking a leave of absence from his role as Chairman for health reasons. Brian Wides has been serving the Board as the Acting Chairman and will continue in the role.
  • Premier African Minerals completes drilling programmes

    2014-01-09
    Premier African Minerals Limited has completed drilling at its RHA Tungsten project and the Katete REE project, both located in Zimbabwe.

    The additional drilling carried out on Lode 2A in the RHA Tungsten project, which the company holds a 49% int..
  • Sula Iron & Gold completes detailed soil survey

    2014-01-08
    Sula Iron & Gold Plc has announced the completion of a detailed ground magnetometer and geochemical soil survey over several targets located at its Ferensola project in Sierra Leone.

    The project is wholly owned by the company and has demonstrated significant
  • Continental Coal’s shares suspended from trading

    2014-01-06
    Continental Coal Limited has advised shareholders that its shares have been suspended from trading on the ASX and the AIM markets.

    The suspension will continue pending the clarification regarding the company’s financial position following an expe..
  • Drake Resources acquires additional prospective land

    2014-01-06
    Drake Resources has entered into an option to purchase agreement, for a 236km prospective area adjacent to its Seimana project in Guinea.

    The newly acquired area will form part of the company’s Seimana project, which has generated encouraging results for the company, thereby expanding the company’s
  • Centamin releases Q4 production results

    2014-01-06
    Centamin Plc has release its preliminary production results from its Sukari gold mine in Egypt, for the quarter ended 31 December 2013.

    The company reports total gold production for the period to be 91 546 ounces, an increase of 7% from Q4 2012 and 8..
  • Lucapa Diamond Company recovers 32.2 carat diamond

    2014-01-03
    Lucapa Diamond Company Limited has recovered of a 32.2 carat Type 2A diamond, from its Lulo concession in Angola.

    The diamond is the largest recovered through Lucapa Diamond’s new Dense Media Separation plant, which was commissioned in November 2013...
  • Chrysalis Resources releases an operational update

    2014-01-03
    Chrysalis Resources Limited has received the results from its reverse circulation drilling programme that was carried out at its Shikila copper project in Zambia.

    ..
  • African Energy releases JORC clarification statement

    2014-01-03
    African Energy Resources has released a JORC compliant summary of its coal resources in Botswana.

    The company reports a total resource of 2 517Mt at its Sese coal..
  • Vedanta Resources extends CEO’s contract

    2014-01-02
    Vedanta Resources Plc has announced that Chief Executive Officer, MS Mehta’s contract has been extended until 31 March 2014.

    Mehta’s contract was due to expire on 31 December 2013 but he agreed to stay on in his position while the Nominations Committee concludes the search for his replacement.

  • Nyota Minerals sells 75% of Ethiopian subsidiary

    2014-01-02
    Nyota Minerals Limited has announced that it has completed the sale of a 75% stake in Nyota Minerals (Ethiopia) Limited to KEFI Minerals Plc.

    Nyota Minerals (Ethiopia) owns 100% of the Tulu Kapi gold project in Ethiopia and the proximal exploration l..
  • Syrah Resources receives mining license in Mozambique

    2013-12-27
    Syrah Resources Limited has announced that the Mozambique government has granted an additional 25 year mining license for the Balama project.

    The license includes graphite and vanadium. Exploration facilities at the Balama project are in the process of being converted to accommodate construction and the majority of the construction ..
  • Beacon Hill Resources updates on delisting from the ASX

    2013-12-27
    Beacon Hill Resources announced its intention to delist from the Australian Stock Exchange on 19 September 2013.

    The company has reportedly completed all the required documentation and delivered the documents to the holders of Chess Depository Interests (CDI) on 23 December 2013. The company expects its CDIs to be delisted from the ..
  • Jubliee Platinum shifts JSE Main Board listing to AltX

    2013-12-23
    Jubilee Platinum Plc has announced that it has received formal approval from the Johannesburg Stock Exchange allowing the company to transfer its listing to the AltX.

    The company’s securities began trading on the AltX on 19 December 2013. This shift in listings allows for the London AIM market to be the company’s primary listing; th..
  • Ncondezi announces results of optimised mine Feasibility Study

    2013-12-23
    Ncondezi Energy Limited has recently completed an optimised mine Feasibility Study on its Ncondezi project in Mozambique.

    The study aimed to establish the economic and technical viability of an open strip mine which would be capable of supplying coal..
  • African Consolidated releases its interim results

    2013-12-23
    African Consolidated Resources Plc has announced its interim results for the six month period ended 30 September 2013.

    The company reports that during the period the Definitive Feasibility Study carried out on its Pickstone Peerless oxide cap had been completed and the initial resource estimate of 3.2 Moz was confirmed.
    &..
  • Channel Resources receives approval for arrangement with West African Resources

    2013-12-20
    Channel Resources Limited announced that it had received the final court approval, on 11 December 2013, regarding the intended acquisition by West African Resources Limited.

    The previously announced plan of arrangement outlined the intention of We..
  • Peak Resources enters MoU for strategic partnership

    2013-12-20
    Peak Resources Limited has entered into a non-binding Memorandum of Understanding (MoU) with a Chinese rare earth producer. The aim of the MoU is to develop the company’s 100% owned Ngualla rare earth project in Tanzania.

    The MoU provides the fram..
  • Predictive Discovery announces positive assay results

    2013-12-20
    Predictive Discovery has released additional results from drill assays that were carried out on holes BNGRD005 and BNGRD006 at its Bongou gold prospect in Burkina Faso.

    <..
  • Algold Resources completes acquisition of First Uranium

    2013-12-20
    Algold Resources Limited has completed the plan of arrangement to acquire all the issued and outstanding units of First Uranium Corporation.

    For each First Uranium unit held, shareholders will receive 0.0729849 of an Algold Resources share. In addition, for every full Algold Resources share issued to a First Uranium shareholder, hal..
  • Atlatsa concludes Bokoni wage agreement

    2013-12-19
    Atlatsa Resources Corporation’s subsidiary, Bokoni Platinum Mines (Pty) Ltd has reached a wage agreement with the recognised trade unions at its mine.

    The wage agreement with NUM, TAWUSA and UASA includes an average increase which outweighs the increase in the South African cost of living, as determined by the inflation rate (CPI-X)..
  • African Potash begins Environmental and Social Impact Assessment

    2013-12-18
    African Potash Limited has commenced an Environmental and Social Impact Assessment at its Lake Dinga potash project in the Republic of Congo.  The company ordered the assessment to take place ahead of a drilling programme which is set to begin in 2014.
     
    African Potash CEO Edward Marlow commented, "The commissioning of t..
  • Sibanye Gold announces intention to acquire Wits Gold

    2013-12-18
    Sibanye Gold Limited has submitted an offer to Witwatersrand Consolidated Gold Resources Limited to acquire its entire issued share capital for R11.55 per share by way of a Scheme of Arrangement.

    Provided that all the conditions precedent are met, Sibanye Gold will own 100% of Wits Gold and intends to delist the company from the Joh..
  • Northam Platinum mine update

    2013-12-18
    Northam Platinum Limited has advised that after 6 weeks of strikes, members of the National Union of Mineworkers’ (NUM) are still demanding a 16% increase on basic wages. In addition, NUM has demanded a 69% increase in living out allowances at the Zondereinde platinum operations in
  • First Uranium shareholders approve Algold Resources arrangement

    2013-12-18
    First Uranium Corporation has announced that shareholders have approved the plan of arrangement whereby Algold Resources Limited will acquire all outstanding units of First Uranium. 

    The resolution regarding the arrangement was approved by almost 95% of the company’s shareholders in person or by proxy on 13 December 2013.&l..
  • Intra Energy secures an additional exploration license

    2013-12-17
    Intra Energy Corporation Limited’s 100% owned subsidiary, Intra Energy Trading Limited, has been granted the Ngana West EPL0392/13 coal license in Malawi.

    The license covers 50.2km² and lies just south of the Tanzanian border. Previously completed exploration has confirmed that the Ngana West prospect holds large shallow coal deposi..
  • Invictus Gold receives approval for merger with Impact Minerals

    2013-12-17
    Invictus Gold Limited has advised shareholders that it has received approval from the Federal Court of Australia regarding its Schemes of Arrangement for the merger with Impact Minerals Limited.

    The Schemes of Arrangement include a Share Scheme, under which all shares in Invictus will be acquired by Impact Minerals and an Option Sch..
  • Shaw River Manganese mining license cancellation withdrawn

    2013-12-17
    Otjozondu Mining (Pty) Ltd, a subsidiary of Shaw River Manganese Limited has been notified that the Minister of Mines and Energy has withdrawn the intended cancellation of the mining license for the Otjozondu Manganese project in Namibia.

    Otjozon..
  • West Peak Iron commissions scoping study in Liberia

    2013-12-17
    West Peak Iron Limited has commissioned a scoping study at its wholly owned Bomi South tenement in Liberia.

    The study will assist in determining the economic viability of
  • Trans Hex provides group production and sales update

    2013-12-13
    Trans Hex Group Limited reports that total production amounted to 34 435 carats for the year period ended 30 November 2013 from its diamond operations in South Africa.

    The production total for the first half of the year period was 21 849 carats at..
  • African Consolidated Resources releases outcome of the Prefeasibility Study

    2013-12-11
    African Consolidated Resources Plc has announced the outcome of the Pre-Feasibility Study from its Pickstone-Peerless gold project located in Zimbabwe.

    Using a chosen preferred development option, the Pre-Feasibility Study demonstrated a Life of M..
  • Giyani Gold completes restructuring of Canadian assets

    2013-12-09
    Giyani Gold Corporation has acquired the majority interest in Canoe Mining Ventures Corp, formerly known as C Level III Incorporated.

    The majority interest was acquired through a securities exchange agreement, under which Giyani Gold agreed to exchange 100% of its common shares in 2299895 Ontario Incorporated for 19.4 million common..
  • Beacon Hill enters into an acquisition agreement

    2013-12-09
    Beacon Hill Resources Plc has entered into an agreement to acquire up to a 70% interest in the prospecting and exploration license 3788L located in Mozambique.


    The agreement is between the company’s wholly owned subsidiary, BHR Investments Mauritius Limited, and Acácia Mineração, Lda. 
  • JSE pauses trading in honour of Nelson Mandela

    2013-12-06
    At 11:00am on Friday, 6 December 2013 the JSE will pause trading for 5 minutes as a sign of respect for Nelson Mandela’s passing.

    CEO of the JSE Nicky Newton-King paid tribute to the former president, “Nelson Mandela’s global statesmanship made him one of the most revered leaders the world has known. His attention to all he met, com..
  • Equatorial Resources upgrades mineral resource estimate

    2013-12-06

    Equatorial Resources Limited has announced a substantial upgrade to the Mineral Resource Estimate for its 100% owned Mayoko-Moussondji iron project in the Republic of Congo.

  • Base Resources announces first production from its Kwale project

    2013-12-05

    Base Resources Limited has commenced with concentrate processing and the first production of ilmenite and rutile from its Kwale project located in Kenya.


  • Regal Resources to complete fundraising

    2013-12-05

    Regal Resources Limited has received firm commitments from institutional and sophisticated investors to raise $1 008 000 through a placement of million fully paid ordinary shares.


  • Aureus Mining updates on construction of the New Liberty gold project

    2013-12-05

    Aureus Mining Incorporated reports construction at its New Liberty gold project, in Liberia, is progressing according to schedule.

  • DiamondCorp’s Lace mine completes diamond sale

    2013-12-05

    DiamondCorp Plc has completed the first sale of diamonds that were recovered from the company’s tailings re-treatment operations at its Lace diamond mine, in South Africa.


    ..
  • Premier African Minerals signs Memorandum of Understanding

    2013-12-05

    Premier African Minerals Limited has signed a non-binding Memorandum of Understanding (“MOU”) with an industry off-take partner for the supply of tungsten from the company’s 49% owned RHA tungsten project located in Zimbabwe.&l..

  • Strategic Natural Resources’ Elitheni Coal receives liquidation notice

    2013-12-04
    Strategic Natural Resources Plc’s 74% owned South African subsidiary, Elitheni Coal (Pty) Limited, has received a liquidation notice from a group of creditors.

    Elitheni Coal is taking legal advice on disputing the liquidation notice as it believes the amounts being claimed significantly exceed legitimate claims from the relevant cre..
  • Regency improves financial position and updates on Sudan exploration

    2013-12-04
    Regency Mines Plc reports an improvement in its financial strength attributed to cost reduction efforts during the reporting period and borrowings having been reduced from £1.6 million to £0.53 million.

    Following several visits to Sudan, the company reports having identified multiple areas of significant potash potential. As a resul..
  • Northam Platinum responds to NUM memorandum

    2013-12-04
    Northam Platinum Limited has released its response to the National Union of Mineworkers’ (NUM) memorandum, which outlines the union’s demands for the company’s Zondereinde mine workers.

    There were five main issues raised in the memorandum; wage increases and housing/living-out allowances, negotiating in good faith, hydro-power, mate..
  • Chrysalis Reources updates on drilling at Shikila project

    2013-12-03
    Chrysalis Resources Limited completed the Reverse Circulation (RC) drilling programme at its Shikila copper project in Zambia.

    The aim of the RC drilling programme was to identify the economic potential of the copper mineralisation at the Shikila ..
  • Waterberg Coal to transfer to the JSE’s Main Board

    2013-12-03
    Waterberg Coal Company Limited has received approval from the Johannesburg Stock Exchange to transfer the company’s listing from the Alternative Exchange to the Main Board.

    The transfer will take effect as of 4 December 2013; the company will be operating under the
  • Wescoal set to acquire Proudafrique

    2013-12-02
    Wescoal Holdings Limited has purchased all the issued shares of Proudafrique Trading 147 (Proprietary) Limited, indirectly acquiring Wescoal Exploration (Proprietary) Limited.

    Wescoal currently owns 60% of Wescoal Exploration through its wholly owned subsidiary Wescoal Mining (Proprietary) Limited. Proudafrique owns the remaining 40..
  • Select Exploration identifies copper sulphide mineralization

    2013-12-02
    Select Exploration Limited, has identified copper sulphide mineralization in surface outcropping at its 100% owned Godegode base metals project in Tanzania.

    Results from the initial reconnaissance and the soil sampling program show visible high gr..
  • Uranex Limited completes Reverse Circulation drilling

    2013-12-02
    Uranex Limited reports significant drilling results from its 100% owned Nachu Graphite project in Tanzania.

    The Reverse Circulation drilling programme has been completed and confirms exciting potential for a substantial near surface graphite depos..
  • Tlou Energy updates on field activities

    2013-12-02
    Tlou Energy Limited has given an update regarding the status of the current field activities that are underway for its 2013 Horizontal Drilling programme in Botswana.

    The Horizontal Drilling program has been completed. Drilling on the Karoo Centr..
  • Shaw River Manganese commences blast hole drilling programme

    2013-11-29
    Shaw River Manganese Limited has commenced with the blast hole drilling and sampling at its 84% owned Otjozondu manganese project located in Namibia.

    A 300 hole drilling programme is currently underway at the Labusrus deposit, with the aim of identifying open pitable inventory for early production.

    &l..
  • Giyani Gold reports a net loss

    2013-11-29

    Giyani Gold Corporation released its consolidated financial results for the three month period ended 30 September 2013.


  • Rockwell Diamonds recovers a 287-carat diamond

    2013-11-28
    Rockwell Diamonds Incorporated recovered a 287-carat diamond from its operations in the Middle Orange River, South Africa.

    The recovery of the diamond reinforces management’s decision to focus operations in Middle Orange region as this is the fift..
  • NWT Uranium to acquire Southern African Nickel

    2013-11-27
    URU Metals Limited, a 39.7% subsidiary of NWT Uranium Corporation, has entered into an agreement to acquire 100% of Southern African Nickel Limited.

    URU Metals will pay $1 per share to the shareholders of Southern African Nickel and has committed to paying the outstanding obligations of the Southern African Nickel Joint Venture, app..
  • Channel Resources updates on acquisition by West African Resources

    2013-11-27
    Channel Resources Limited obtained an interim order from the Supreme Court of British Columbia authorising the holding of a Special Meeting of Channel Resources shareholders to vote on the proposed acquisition by West African Resources.

    The acquisition will be by way of a plan of arrangement, wherein West African Resources will acqu..
  • Afferro Mining updates on acquisition

    2013-11-27
    Afferro Mining Incorporated has given an update regarding the Arrangement Agreement between the company and International Mining and Infrastructure Corporation Plc (IMIC).

    The Arrangement Agreement sets out how IMIC will acquire the entire issued share capital of Afferro Mining through IMIC’s wholly owned subsidiary, Afferro Holding..
  • Keaton Energy finalises funding arrangements for Xceed acquisition

    2013-11-27

    Keaton Energy Holdings Limited has finalised the funding arrangements for the proposed acquisition of Xceed Resources Limited by way of a Scheme of Arrangement.


    The finalised funding arrangements include the issue of 32 647 838 new Keaton Energy ordinary share..

  • Update on Trans Hex’s Namaqualand Mines acquisition

    2013-11-27
    On October 2013, Trans Hex Group Limited reached an agreement with De Beers Consolidated Mines Limited to acquire the assets and liabilities of the Namaqualand Mines.

    The acquisition will be carried out by Trans Hex’s 40% owned subsidiary, Emerald Panther Investments 78 (Proprietary) Limited.

  • Pan African Resources amends terms of Manica disposal agreement

    2013-11-27
    Pan African Resources Plc has made conditional amendments to the terms of the Manica gold exploration project disposal agreement.

    The disposal agreement is between Pan African Resources and Auroch Minerals NL, both of which agreed to amend the terms of the transaction. 

  • Stellar Diamonds increases resource base

    2013-11-26
    Stellar Diamonds Plc has released its audited results for the year ended 30 June 2013.

    The company reports its resource base increased by 29% to 4 million carats during the period. The increased total resource base includes the Tongo, Droujba and Katcha operations.

    The Tongo ope..
  • Amara Mining issues shares

    2013-11-25
    Amara Mining Plc has made an application to the London Stock Exchange for 51 846 782 new ordinary shares of 1 penny each. 

    The consideration shares will be issued to Amlib and will rank pari passu with the existing ordinary shares.

    It is expected that admission to tradi..
  • Tribune Resources completes mapping programme

    2013-11-25
    Tribune Resources Limited has released an exploration update report for the work conducted at its Adiembra Prospect in Ghana.

    The work included structural mapping and Reverse Circulation drilling which was completed by a specialist, structural geo..
  • Northam Platinum updates on strike action at Zondereinde Mine

    2013-11-25
    Revenue losses due to the strike action taken by the National Union of Mineworkers (NUM) at Northam Platinum Limited’s Zondereinde Mine, in South Africa, has totaled approximately R200 million.

    On average the mine produces 1 000 ounces of platinum..
  • Sierra Rutile enters a 50 000 tonne sales contract

    2013-11-22
    Sierra Rutile Limited has announced that it has entered into a 50 000 tonne rutile sales contract with a major pigment producer. 

    The contract outlines multiple shipments to take place before 31 March 2014. At the end of the 2013 fiscal year, Sierra Rutile will hold a rutile inventory on par with historic levels. &..
  • Tawana Resources reports itabirite mineralisation in Liberia

    2013-11-21
    Tawana Resources Limited has reportedly intersected high grade itabirite mineralisation at its Gofolo Main prospect located in Liberia.

    The Gofolo Main strike continuity extended from 0.8km to 1.8km, an increase of 125%, and the width of the mine..
  • Sable Mining increases its JORC compliant resource

    2013-11-20

    Sable Mining Africa Limited increased the JORC compliant Mineral Resource of its Nimba iron ore project by 32%, from 135.5Mt to 178.4Mt.


    This increase follows the expansion exploration drilling undertaken at the project, which is located in Guinea. The revised..

  • Sovereign Mines’s Guinea subsidiary acquires a new exploration concession

    2013-11-20
    Sovereign Mines of Africa, through its subsidiary; Sovereign Mines of Guinea Limited (SMG); has acquired a new exploration concession in Guinea.

    The new exploration concession is contiguous to the south of its flagship Mandiana-Magana gold concession and covers an open strike extension, which forms the company’s maiden gold resource..
  • Vedanta Resources reports a 17% decrease in revenue

    2013-11-20
    Vedanta Resources Plc has released its interim results for the six months ended 30 September 2013.

    The company’s revenue and underlying Earnings per Share decreased by 17%, to $6.2 billion, and 70%, to 29.3 cents, respectively. During the last 18 months, the company has managed to reduce its net debt by $1.6 billion. As at 30 Septem..
  • Impala Platinum Holdings appoints Executive Head

    2013-11-20
    Impala Platinum Holdings Limited has appointed Nelson Ndlala as the new Executive Head of its Rustenburg operations with immediate effect.

    Ndlala is a mining engineer with experience gold and platinum mining. He holds a Masters of Business Leadership (MBL) degree from the University of South Africa and has recently completed an Exec..
  • Avocet Mining completes hedge buy back

    2013-11-20
    Avocet Mining Plc has completed the buy back of its entire hedge position with Macquarie Bank Limited and is now a fully unhedged gold producer. 

    The company entered into a five year loan facility agreement with Ecobank Burkina Faso of 3..
  • Crucible Gold mobilises geologists to Cote d’lvoire

    2013-11-19
    Crucible Gold Limited has had its prospecting application approved by the Cote d’lvoire mines ministry.

    The application covers three licenses which, according to previous reconnaissance, contain gold mineralisation.

    Following the approval, the company mobilised geologists and fi..
  • Paladin Energy extends tenure of Managing Director

    2013-11-19
    John Borshoff, Managing Director and Chief Executive Officer of Paladin Energy, has agreed to stay on in his position until 31 December 2014. 

    The parties have agreed to retain the option to further extend Borshoff’s tenure by an additional 1 or 2 years, depending on agreed performance objectives.
    <..
  • Resolute Mining proposes Deed of Company Arrangement

    2013-11-19
    Resolute Mining Limited, Nobel Mineral Resources Limited’s largest external creditor, has proposed a Deed of Company Arrangement relating to the ownership of the Bibiani Gold project located in Ghana.

    Bibiani gold mine is currently owned by Noble ..
  • Syrah Resources reports Scoping Study results

    2013-11-19
    Syrah Resources Limited has released the outcomes of the Scoping Study conducted on the Balama West graphite project in Mozambique.

    The study was conducted by Independent Consultant, Snowden Mining Industry Consultants, with specialist work undertaken by Mintek, Metallicon, Environmental Business Strategists, the MSA Group and Ports..
  • Golden Rim Resources confirms excellent gravity gold recoveries

    2013-11-18
    Golden Rim Resources Limited has confirmed excellent gravity gold recovery rates from the Gravity, Floatation, Intensive Leach metallurgical testwork program conducted at the Balogo project in Burkina Faso.

    The testwork was being carried out by G..
  • Royal Bafokeng Platinum undertakes a strategic review

    2013-11-15
    Royal Bafokeng Platinum Limited has undertaken a detailed strategic review of its operating activities and long-term capital expenditure commitments.

    The increase in the company’s focus on its more profitable core business, being the mining and processing of the Merensky reef, was as a result of the deteriorating Platinum Group Meta..
  • Randgold reports an 80% profit increase

    2013-11-13
    Randgold Resources Limited reported an 80% quarter on quarter profit increase powered by its 80% owned Loulo-Gounkoto complex located in Mali.

    The increase was reported despite the 3% drop in average gold price which was experienced for the three ..
  • Ncondezi Energy launches EPC contract

    2013-11-13
    Ncondezi Energy has launched the engineering, procurement and construction contract binding proposals process for its 300MW integrated thermal coal mine and power plant project in Mozambique.

    A pre-qualified short list of seven EPC firms has been selected to tender in the final binding proposals process, following the completion of ..
  • African Eagle Resources receives AUD$50 000

    2013-11-13
    African Eagle Resources Plc has received AUD$50 000 from Syrah Resources Limited in relation to the Revised Agreement with Jacana Resources Limited.

    Jacana was acquired by Syrah Resources Limited in 2011 and pursuant to this; African Eagle was working with Syrah to satisfy the remaining conditions.

    &l..
  • Bushveld Minerals and Lemur Resources closes takeover offer

    2013-11-12
    Bushveld Minerals Limited has closed off its takeover of all the ordinary shares in Lemur Resources Limited.

    Bushveld now holds 54.39% of Lemur Resources’ issued share capital.

    Subject to the offer, Bushveld will be required to provide a distribution schedule for the ordinary sh..
  • Walkabout Resources discovers significant copper-gold stockwork

    2013-11-12
    Walkabout Resources Limited has discovered copper-gold stockwork at its 75% owned Kigoma project located in Tanzania.

    Drilling at the Kigoma copper project intersected a first known hydrothermal mineralised system in the area, with at least three ..
  • Syrah Resources reports maiden resource of 21 million tonnes

    2013-11-12
    Syrah Resources has given an update regarding its maiden Inferred Resource and Mineral Resources report for the Ativa Zone located at Balama West, Mozambique.

    The Avita Zone indicated an Inferred Resource of R51 million at 19.9% Total Graphitic Carbon (TGC) and 0.38% V2O5  at a 13% TGC cut-off.
  • Tawana Resources awards Tenova Scoping Study Management role

    2013-11-12
    Tawana Resources NL has awarded its Scoping Study Management role for its Mofe Creek project to Tenova Mining and Minerals Australia, which is a part of Tenova Australia.

    Tenova Mining and Minerals is a globally recognised mining and minerals design and development group with offices in Australia and Africa, it is a worldwide suppli..
  • Goldplat releases preliminary results

    2013-11-12
    Goldplat Plc has released its preliminary results for the year ended 30 June 2013.

    Goldplat reports total production of 35 009 ounces from Ghana and South Africa
  • Chairman of Lonmin retires

    2013-11-12
    Lonmin Plc’s Chairman, Roger Phillimore, has informed the company of his intention to retire from the Board of Directors during 2014.

    Phillimore was appointed Chairman in 2009, having served as deputy chairmen in 2002 and an Independent Non-executive Director since 1997. He has a career-long experience in the international mining in..
  • Village Main Reef appoints new CFO

    2013-11-12
    Village Main Reef Limited has appointed Clinton Halsey as the new Chief Financial Officer of the company with immediate effect. The appointment follows the resignation of previous Chief Financial Officer, Marius Saaiman.

    Halsey is a qualified Chartered Accountant and a member of The South African Institute of Chartered Accountants. ..
  • Wescoal completes acquisitions

    2013-11-12

    JSE listed coal producer, Wescoal Holdings Limited, has acquired a coal trading business from MacPhail as well as the properties acquisition subject to certain suspensive conditions.


    The acquisitions were made through the company’s wholly owned subsidiary, Cha..

  • Amara Mining enters into a Share Purchase Agreement

    2013-11-11

    Amara Mining Plc has entered into a legally binding, conditional share purchase agreement with Amlib Holdings Plc.


    Pursuant to the agreement, the company will acquire $10 million cash, which will fund the ongoing advancement and exploration at both Amara’s Bao..

  • AngloGold Ashanti's Q3 results

    2013-11-08
    AngloGold Ashanti Limited reports an increase in gold production and a decrease in costs.
    The company’s gold production increased by 12% to 1 043koz, which was better than the set guidance of 950koz – 1 million ounces.

    The total cash costs improved by 10% to $809 per ounce; compared to the $860 per ounce - $890..
  • Paragon Diamonds receives a new Prospecting License

    2013-11-06
    Obtala Resources Limited, through its 45.35% owned subsidiary, Paragon Diamonds Limited, has been awarded a new Prospecting License for precious stones in Botswana.

    The license, which covers a 442 km² area, was awarded to Paragon Diamonds’ wholly..
  • Platfields acquires gold mining rights

    2013-11-06
    Platfields Limited signed an agreement, on 17 October 2013, to acquire the business rights and operations relating to gold mining, gold processing and gold smelting of Primrose Gold Mines (Proprietary) Limited.

    The acquisition is for a consideration of R3.2 million, which is to be settled through the issue of 80 million new shares a..
  • Tribune Resources provides an exploration report

    2013-11-05
    Tribune Resources Limited has released an exploration report for the four month period ended 31 October 2013 for its gold operations in Ghana.

    During the reporting period the company focused on structural mapping and Reverse Circulation (RC) drilling on the Adiembra prospect. A total of 26 RC holes were completed during the period, ..
  • Regency Mines’ Sudan operations update

    2013-11-05
    Regency Mines Plc has launched a field programme to the Jebel Abyad concession in Sudan.
    Regency Mines has farm-in rights for the project under an option agreement with International Mineral Resources Limited.

    A team has been mobilised to Sudan, where they will spend three weeks carrying out preliminary phospha..
  • Impala Platinum reports a decrease in overall production

    2013-11-05

    Impala Platinum Holdings Limited has released a production update for the quarter ended 30 September 2013.


  • Northam Platinum receives strike notice

    2013-11-04
    Northam Platinum Limited’s management of the Zondereinde division has received a strike notice from the National Union of Mineworkers (NUM).

    NUM rejected the company’s revised wage offer following a two day facilitation process under the guidance of the Commission for Conciliation, Mediation and Arbitration (CCMA). Northam Platinum ..
  • Coal of Africa finalises working capital facility

    2013-11-01

    Coal of Africa Limited has finalised an 18 month working capital facility of R210 million from Investec Bank Limited.

  • Sarama Resources files technical report

    2013-10-31
    Sarama Resources Limited has filed a technical report in support of the company’s Maiden Mineral Resource estimate, released in September 2013, for its South Houndé project in Burkina Faso

    The report was prepared in accordance with the..
  • Base Resources quarterly operations update

    2013-10-31
    ASX listed company, Base Resources Limited, has reported ore processing has commenced at its Kwale Mineral Sands Project in Kenya.

    The ore processing will be carried out through the mining unit and wet concentrator. All the project’s supporting infrastructure has been completed and are currently operational, with the exception of th..
  • Northam Platinum updates on wage negotiations

    2013-10-30
    Northam Platinum Limited and the National Union of Mineworkers (NUM) continue with discussions regarding the wage negotiations, for the company’s Zondereinde division employees, for the 2014 financial year.

    The negotiations are being overseen by the Commission for Conciliation, Mediation and Arbitration (CCMA).
  • Resolute Mining closes Finkolo tenure acquisition

    2013-10-29
    Resolute Mining Limited has successfully completed the acquisition of the remaining 40% interest in the Finkolo Joint Venture located in Mali.

    The Joint Venture is between Resolute Mining and Endeavour Mining Corporation.
    <..
  • Kibo Mining commences drilling at Imweru

    2013-10-29
    Kibo Mining Plc has started a 3 000 metre drilling programme at its Imweru project located in Tanzania.

    The drill programme will comprise of approximately 750 metres of diamond drilling and 2 250 metres of reverse circulation drilling in 20 holes...
  • Jubilee Platinum secures funding for Dilokong Chrome tailings project

    2013-10-29
    Jubilee Platinum Plc has secured funding to meet the working capital requirements for its platinum-bearing Dikolong Chrome mine tailings project in South Africa.

    The funding arrangement includes both debt and equity. Jubilee Platinum managed to se..
  • Shaw River Manganese’s stake in the Otjo manganese project increases

    2013-10-29
    Otjozondu Holdings (Proprietary) Limited, a wholly owned subsidiary of Shaw River Manganese Limited, has increased its shareholding in the Otjozondu manganese project, in Namibia, from 75.5% to 84.0%.

    The increase in the company’s interest came a..
  • Aquarius Platinum’s EBITDA increases

    2013-10-28
    Aquarius Platinum Limited released its financial and production results for the quarter ended 30 September 2013.

    The company’s EBITDA increased from $1.6 million in the previous corresponding period to $6.3 million in this period. There was a $4 million quarter on-quarter decrease due to higher costs and lower recoveries at the comp..
  • Mwana Africa reports pleasing quarterly production update

    2013-10-28

    Mwana Africa Plc provided an update on its operations and exploration activities for the quarter ended 30 September 2013.


    Gold production of 17 536 ounces was reported from the company’s Freda Rebecca gold mine in  Zimbabwe, a 19% increase  f..

  • Savannah Resources closes £0.5 million placement

    2013-10-28
    Savannah Resources Plc has raised £496 313 through a share placement of 18 047 748 new ordinary shares at a price of 2.75 pence share.

    The placement was brokered by N+1 Singer and was oversubscribed.

    The share placement, combined with a further £500 000 equity investment in July..
  • Shanta Gold on track to deliver full year gold production of 63 000 ounces

    2013-10-24
    Shanta Gold Limited produced a total of 18 914 ounces of gold during Q3 2013, an increase of 31% from Q2 2013. The company sold 19 235 ounces during the quarter at an average price of $1 366/ounce.

    The company is pleased to report it is maintaining its full year guidance of an All-in Sustaining Cost of between $1 000 and $1 100 and ..
  • Golden Deeps discovers additional copper mineralisation

    2013-10-24
    Golden Deeps Limited intersected wide zones of copper at its Deblin prospect located in northern Namibia.

    Intercepts include 29 metres at 1.00% copper and 1.86 g/..
  • East Africa Resources Mkuju project update

    2013-10-24
    East Africa Resources Limited reported a strong radiometric uranium anomaly which is on trend from the Mkuju River uranium deposit in Tanzania.

    The Environmental Impact Assessment at the company’s Mkuju project is ongoing.
    &l..
  • Maiden Inferred Gold Resource at Mandiana-Magana gold project declared

    2013-10-23
    Sovereign Mines of Africa Plc declared a Maiden Inferred Gold Resource of 600 000 ounces at it’s Mandiana-Magana project located in Guinea. 

    The Mineral Resource Estimate was conducted by SRK Consulting UK Limited, which considers it important to highlight the existence of higher grade structures in the deposit which might ..
  • Rio Tinto releases production update

    2013-10-22

    Rio Tinto Plc has announced strong third quarter production results.


    Copper production at the company’s Oyu Tolgoi mine, in Mongolia, continued to ramp-up. The mine is now prod..

  • Additional drilling scheduled at Jacka Resources’ Bargou JV

    2013-10-22

    Jacka Resources Limited has announced its decision to drill a second deviated wellbore at its Bargou joint venture located offshore Tunisia.


  • Royal Bafokeng Platinum's mill shutdown causes marginal effect on quarter results

    2013-10-22
    Royal Bafokeng Platinum Limited has announced satisfactory performance during the quarter ended 30 September 2013.

    The company shutdown its primary mill for a total of 15 days for the discharge end replacement which was completed successfully. The shutdown caused a 13% decrease in the amount of milled tonnes and a 4% decrease in the..
  • DRDGOLD releases quarterly report

    2013-10-22
    DRDGOLD Limited has released an update to shareholders for the quarter ended 30 September 2013.

    During the quarter DRDGOLD resolved its labour unrest through a two year wage settlement which falls within the company’s budget parameters. The strike, which lasted 2 days and involved 600 employees, did not have a material effect on the..
  • Rumble Resources updates on Derosa Project

    2013-10-22
    Rumble Resources Limited provided an update regarding its 75% owned, Derosa Project, located in Burkina Faso.

    Rumble renegotiated with its Joint Venture partner, Canyon Resources Limited, to extend the 51% earn in commitment date to the 19 Septem..
  • Stellar Diamonds’ first ore blast

    2013-10-21
    Stellar Diamonds Plc has completed the first blast in its bulk sampling programme at its 100% owned Tongo kimberlite dyke project located in Sierra Leone.

    The company reports that the first blast was successful and on schedule, with the objective being to target diamond parcel of up to 2 000 carats for enhanced diamond value modelin..
  • Sunbird awarded further exploration right

    2013-10-21
    Sunbird Energy Limited has been granted an exploration right over the Springbok Flats West Area, in South Africa.

    The exploration right covers an area of 747.51km² and was granted by Petroleum Agency of
  • Blackthorn Resources’ Perkoa project update

    2013-10-21
    Blackthorn Resources Limited has announced that the first shipment of zinc concentrate, from the company’s Perkoa mine, has left from the Port of Abidjan in Cote d’Ivoire.

    The shipment totaled 12 175 wet metric tonnes. Transportation of zinc concentrate to the port is continuing with approximately 16 000 wet metric tonnes having alr..
  • Unity Mining appoints CFO

    2013-10-21
    Unity Mining Limited has appointed Ben Stockdale as Chief Financial Officer of the company.

    Stockdale replaces Bill Geier, who resigned from the company to pursue other opportunities. Geier successfully managed the financial integration of the Cortona entities and advanced the project financing of the Dargues Gold Mine.
    &..
  • Equatorial Resources confirms rail and port access for Mayoko-Moussondji

    2013-10-21
    Equatorial Resources Limited has received confirmation from the government of the Republic of Congo regarding its Mayoko-Moussondji project access agreements for the use of the state owned railway lines and ports.

    As per the agreements, the company has been granted permission to make use of the existing railway and port i..
  • Sable Mining updates on export ruling for Nimba Iron Ore Project

    2013-10-18
    Sable Mining Africa Limited’s export license for its Nimba Iron Ore project is in full accordance with the bilateral agreement between the Republic of Guinea and Liberia.

    The license authorizes the company to transport iron ore, from the Nimba Ir..
  • Randgold Resources’ Kibali gold mine indicates long term value creation

    2013-10-18
    Randgold Resources Limited’s Chief Executive Officer, Mark Bristow, believes the Kibali gold mine could be the vehicle for significant long-term value creation in the Democratic Republic of Congo.

    The company has developed and is currently operat..
  • Anglo American appoints CEO for Nickel, Niobium and Phosphates businesses

    2013-10-17
    Anglo American Plc has appointed Ruben Fernandes as the Chief Executive Officer of its Nickel, Niobium and Phosphates businesses with effect from December 2013.

    Fernandes’ appointment follows the resignation of Walter De Simoni who had been Chief Executive Officer of the Nickel business since 2009. Fernandes will report to Chief Exe..
  • Coal of Africa announces expansion at Vele Colliery

    2013-10-17

    Coal of Africa Limited’s Board has approved a R 220 million expansion at the Vele Colliery in South Africa in August 2013.

  • Anglo American Platinum resolves strike action

    2013-10-16
    Anglo American Platinum Limited has resolved the strike action that commenced on 27 September 2013 following the company’s restructuring proposals.

    The company originally announced its restructuring plans in January 2013, with a total of approximately 14 000 jobs expected to be affected.

    &..
  • Rockwell Diamonds reports continued growth

    2013-10-16
    Rockwell Diamonds Incorporated has released its results for the three month period ended 31 August 2013.

    The company reported a strong 33% year-on-year increase in revenue, seeing total revenue amount to C$9.9 million. C$8.6 million of which is attributed to diamond sales and the remaining C$1.3 million to beneficiation income. This..
  • Waterberg Coal concludes Firestone Energy takeover offer

    2013-10-15
    On 23 September 2013, Waterberg Coal Company Limited closed its takeover offer for all the issued share capital of Firestone Energy Limited.

    Following the closing of the offer, Waterberg Coal had acquired 1 148 632 708 fully paid ordinary shares in Firestone Energy, a total 32.36% stake.

    &..
  • DRDGOLD Strike Ends

    2013-10-15
    DRDGOLD Limited has signed a settlement with the National Union of Mineworkers which outlines the wages and conditions of employment for 2013 and 2014.

    The settlement ended a two day strike of 600 employees at the company’s Ergo operations, in South Africa. Employees started returning to work on 9 October 2013, with no negative effe..
  • Tawana Resources aims to raise $2.9 million

    2013-10-15
    Tawana Resources NL has successfully agreed terms for a placement of 244 million shares to raise approximately $2.9 million.

    The shares will be issued at a price of $0.012 per share to new and existing investors and various institutions.

    Funds generated from the placement will b..
  • Savannah Resources completes acquisition of Matilda Minerals

    2013-10-11
    AIM listed exploration company, Savannah Resources Plc, has completed the acquisition of an 80% shareholding in Matilda Minerals Limitada.

    Matilda Minerals holds the highly prospective 180km2 Jangamo tenement, located in Mozambique.
    Samples taken at the tenement by Savannah, revealed results of up to 18.1% tota..
  • Ferrum Crescent aims to raise £873 000 through a Private Placement

    2013-10-11
    Ferrum Crescent Limited has applied to list 44 613 156 ordinary shares on the AIM market of the London Stock Exchange.

    The 44 613 156 ordinary shares is the company’s first tranche of a Private Placement that has been issued and totals 48 000 000 ordinary shares at a price of  £0.0182 per share. The placement is expected to..
  • Ncondezi Energy’s Environmental Social Impact Assessment is approved

    2013-10-11
    Ncondezi Energy Limited has received approval from the Ministry for Coordination of Environmental Action regarding the company’s Environmental Social Impact Assessment for its Ncondezi mine located in Mozambique.

    Following the approval, the company can now being the application process for an environmental permit.
  • Baobab Resources draws down £101 500

    2013-10-11
    Baobab Resources Plc has drawn down £101 500 of its £17million Equity Line Facility with Dutchess Opportunity Cayman Fund Limited. 

    The remaining outstanding balance of the Equity Line Facility is £13 724 300.

    The company has allotted 725 000 ordinary shares to Dutchess..
  • Stratex International investments in Tembo Gold Corporation

    2013-10-11
    Stratex International Plc has reached an agreement with Tembo Gold Corporation to participate in a strategic financing of up to C$8.657 million.

    The aim of the strategic financing agreement is to allow Tembo Gold to continue gold exploration and evaluation on its property in
  • Kibo Mining formally appoints Rukwa project management team

    2013-10-10
    Kibo Mining Plc has made key internal and external appointments to manage and execute the Rukwa Coal to Power project feasibility studies for both the Rukwa Coal Mine and the Rukwa Power Station.

     The Rukwa Executive Management Team (REMT) comprises of Kibo Mining’s Chief Executive Officer, Louis Coetzee, Kibo’s Chief Opera..
  • Kasbah Resources updates on the Achmmach Western Zone Shallow drilling

    2013-10-08
    Kasbah Resources Limited’s Western Zone Shallow drilling has outlined tin zones at shallow depths on the Sidi Addi trend at the company’s Achmmach prospect in Morocco.

    The company has completed the initial drilling on the western zone tin target, with 9 shallow diamond holes testing 110 metres of strike.
  • Atlatsa Resources update restructure plan

    2013-10-08
    The South African Department of Mineral Resources has granted Atlatsa Resources Corporation consent for the sale and transfer of mineral rights for the Boikgantsho Platinum project to Anglo American Platinum Limited.

    The approval by the Department..
  • Base Resources commences ore processing at Kwale project

    2013-10-08
    Base Resources Limited has begun ore processing through the mining unit and wet concentrator at its Kwale mineral sands project located in Kenya.

    The first ore has been through the dozer trap mining unit and the wet concentrator following two weeks of water commissioning and control logic testing. 
    <..
  • Minbos Resources secures additional funding

    2013-10-08
    Minbos Resources Limited has secured $250 000 in additional funding from a group of sophisticated investors through the issue of convertible notes.

    The convertible notes have been issued under a facility for $500 000. $250 000 of which has already been advanced to the company in August 2013. The funding will be used for general work..
  • Viking Ashanti’s Ghana project reports a 12% increase in gold reserve

    2013-10-08
    Viking Ashanti Limited has announced the updated resource estimate results of its wholly owned subsidiary, Akoase East gold project located in Ghana.

    The results demonstrated a JORC compliant Inferred Mineral Resources Estimate of 20.6 Mt at a gra..
  • Aureus to raise approximately $15 million

    2013-10-07
    Aureus Mining Incorporated has brokered a private placement of common shares, at a price to be determined through an accelerated book-building process, to raise approximately $15 million.

    The proceeds will be used to advance focused exploration activities within the Bea Mountain Mining License, in
  • Erongo Energy’s Director resigns

    2013-10-07
    Klaus Eckhof has resigned as a Director of the company to concentrate on other work commitments. 

    Eckhof is a graduate Geologist from the University of Munich, Germany.  He has over 20 years of industry knowledge, with exploration and production experience from major projects in Africa, Asia, Australia and South Am..
  • Barnes resigns from DRDGold Limited

    2013-10-04
    DRDGold Limited's Executive Director and Chief Financial Officer has resigned with effect from 1 January 2014.

    Barnes, B.Com (Hons), CA (SA), has been the Chief Financial Officer and Executive Director of DRDGold since May 2008. He has over ten years of experience and has served the Board of the Liberty Group as Head of Financi..
  • Pan African concludes wage negotiations

    2013-10-04
    Pan African Resources Plc has successfully concluded wage negotiations at its Barberton Mines located in Mpumalanga, South Africa.

    The company has entered into a two year agreement with the National Union of Mineworkers and the United Association o..
  • Anglo American Platinum’s Director resigns

    2013-10-04
    Anglo American Platinum Limited's Group Director, BR Beamish, has tendered his resignation from the Board of Directors of the company, with effect from 30 September 2013. 

    Beamish retires from his position as the company’s Group Director of Mining and Technology, he was appointed to the position in October 2009. He is ..
  • Aureus Mining enters into an underwriting agreement

    2013-10-03
    Aureus Mining Incorporated has entered an underwriting agreement with GMP Securities L.P, Clarus Securities Incorporated, RBC Europe Limited and Numis Securities Limited. The agreement is to sell 3 900 000 common shares at £0.32 per share.

    The sale of the shares is a private placement offering with the aim of raising approximately £..
  • Bushveld Minerals issues new ordinary shares

    2013-10-03
    Bushveld Minerals Limited has issued and allotted equity to acquire shares in Lemur Resources Limited. 

    The company issued 9 574 924 new ordinary shares of £0.01 as consideration to acquire shares from Lemur Resources shareholders who have accepted Bushveld Minerals’ offer of three Bushveld Minerals shares for every five Le..
  • African Consolidated Resources confirms Pickstone Peerless Resource

    2013-10-03
    African Consolidated Resources Plc, through its consultants SRK Consulting, appointed Dr Ferdi Camisani, a former Chairman of SAMREC, to carry out an independent audit and review of the ExplorMine Consultants Resource estimation.

    Following discussion between SRK Consulting and Dr Camisani the mineral resource is reported to be in co..
  • Stratex International begins drilling Megenta

    2013-10-03
    Stratex International Plc is funding, operating and managing the drill programme that has recently commenced at the 49% owned Megenta gold project in Ethiopia.

    The drilling programme is part of an earn-back agreement with partner Thani Ashanti. As a result of this activity Stratex International will earn a majority stake (65%) of th..
  • Jubilee Platinum makes progress on its Tjate mining application

    2013-10-03
    Jubilee Platinum Plc’s subsidiary, Tjate Platinum Corporation (Pty) Ltd, has received approval from the Department of Mineral Resources regarding its Mining Right Application for the Tjate Platinum Mine project, in South Africa. Tjate Platinum is currently engaged in talks with the Department of Miner..
  • African Energy Resources agrees to sell its Zambian uranium interests

    2013-10-02
    African Energy Resources Limited entered a Letter of Intent with Karoo Exploration Corporation to sell its Zambian uranium licenses to Karoo.

    The agreement is for a cash consideration of $2 000 000 and an equity package consisting of shares and shar..
  • Middle Island Resources acquisition agreement expires

    2013-10-02
    In July 2013, Middle Island Resources Limited announced its plan to acquire 100% of African GeoMin Mining Development Corporation Limited.

    African GeoMin, through a subsidiary, owns the Samira Hill gold mine in the Republic of Niger.

    The acquisition was subject to various condit..
  • Plymouth Minerals appoints a new Company Secretary

    2013-10-02
    Plymouth Minerals Limited has appointed Rob Orr as its new Company Secretary.

    Orr has over 20 years experience in public practice and commerce. He is a qualified Chartered Accountant who has held Chief Financial Officer and Company Secretary positions for a number of ASX listed companies.

    ..
  • Zyl updates on repayment process

    2013-10-02
    Zyl Limited has not yet made the repayment of the principal plus interest of the bridging facility granted to the company by Prestige Glory Limited.

    The full repayment was originally due by 31 September 2013 but negotiations between the two parties to extend the deadline continue.

  • Beacon Hill Resources updates its Reserve Statement

    2013-10-02
    Beacon Hill Resources Plc has announced the JORC Coal Reserve Statement for its Minas Moatize coking coal mine in Mozambique. 

    The company reports an economically viable mineable Reserve at Minas Moatize despite current coking and thermal coal prices. The project remains economically robust during downturns in the resources..
  • Continental Coal recieves approval to transfer prospecting right

    2013-10-02
    Continental Coal Limited has announced that the South African Department of Mineral Resources granted their consent for the transfer of the prospecting right required for the Vaalbank coal exploration project in South Africa.

    This exploration project consists of a 50:50 joint exploration program with Forzando Coal. Forzando has been..
  • Strategic Natural Resources receives payment for first shipment from its Elitheni mine

    2013-10-02
    Strategic Natural Resources Plc has received payment for the first shipment of coal from its Elitheni mine in South Africa. On the 2nd September 2013 the shipment left the Port of East London.

    The company's first shipment was of thermal coal. Based on forecasted
  • Tawana Resources defines additional mineralisation at Mofe Creek

    2013-10-02
    Tawana Resources NL has discovered high-grade itabirite mineralisation over a 2km strike at the Gofolo NE prospect. The mineralisation is 2.5km from the Gofolo main prospect; both of which are within the company’s 100% Mofe Creek Iron Ore project in Liberia.

  • Anglo American South Africa concludes stand-alone silicosis claims

    2013-09-26
    Anglo American South Africa has agreed to the settlement of stand-alone silicosis claims that were instituted against it between 2004 and 2009.

    The settlement was achieved without Anglo America South Africa admitting any liability and the company continues to defend the class action proceedings. The terms of the agreement remain con..
  • Lemur Resources requests a trading halt

    2013-09-25
    Lemur Resources Limited requested that its securities be placed in a trading halt session state pending the release of an announcement by the company.

    Unless ASX decides otherwise the company’s shares will not be traded until either the 27 Septem..
  • Kogi Iron establishes a new exploration target

    2013-09-25
    Kogi Iron Limited has updated its exploration target at its 100% owned Agbaja Project located in Nigeria.

    Through new geological information collected from resources definition and and explorations programmes that have been underway since 2011, t..
  • South East Asia Resources update on Tasmanian coal project acquisition

    2013-09-25
    South East Asia Resources Limited, through its wholly owned subsidiary, South East Asia Energy Resources Limited, has extended the expiry date of the option period granted to acquire Tiger Coal Pty Ltd and Energy Investments Pty Ltd until 30 November 2013.

    Technical and legal due diligence will be completed and the formal legal docu..
  • Sable Mining completes expansion exploration programme

    2013-09-25
    Sable Mining Africa Limited reports encouraging results from its expansion exploration programme that was recently completed at its Nimba iron ore project in Guinea.

    Results from 7 of the 48 completed diamond drill holes have been received and demonstrate high grade canga with the best grade being 62% iron over 36m.
  • Early start up for Randgold Resources’ Kibali gold project

    2013-09-25
    Randgold Resources has brought the Kibali gold mine into production early following significant upgrading of local infrastructure and a massive resettlement operation of more than 4 000 families to a new model village.

    The project, located in the Democrati..
  • Gold One and Goliath Gold receive final prospecting license from Pamodzi Gold

    2013-09-25
    Goliath Gold Mining Limited, in partnership with Gold One International Limited, has received the final prospecting license for the underground deposits and selected surface assets previously controlled by Pamodzi Gold East Rand Proprietary Limited.

    Goliath Gold and Gold One both entered into an Acquisition Agreement with the liquid..
  • Rockwell Diamonds recovers four rough diamonds greater than 100 carats

    2013-09-25
    Rockwell Diamonds Incorporated recovered two stones weighing 116 carats and 138 carats from the Saxendrift Extension pit. The two other stones, weighing 126 carat and 169 carat, were recovered from a mining area that has recently been opened up at the Saxendrift Hill Complex. The Saxendrift Hill Complex is located in the Middle Orange River area in
  • Wescoal Holdings updates on acquisition

    2013-09-25
    Wescoal Holdings Limited has given a further update regarding the acquisition of Coal Trading Business from Macphail by Wescoal Holdings subsidiary, Chandler.

    MacPhail shareholders have approved the disposal by special resolution and that the application to the Competition Authorities has been lodged.
  • IMX Resources enters into a joint venture with MMG Exploration

    2013-09-25
    IMX Resources Limited has agreed to a $60 million joint venture with MMG Exploration Holdings Limited for the pursuit of high grade mineralisation at the Nachingwea project in Tanzania.

    In accordance with the joint venture agreement, MMG Explorati..
  • Vantage Goldfields achieves 2 627 ounce gold production

    2013-09-23
    ASX listed company; Vantage Goldfields Limited has announced a gold output of 2 627 ounces for the month of August 2013.

    The high production output is attributed to the recent improvements in the layout at the company’s Lily mine and the improved metallurgical recovery at Taylors mine, both located in
  • Central Rand Gold provides an operational update

    2013-09-19
    Central Rand Gold has managed to raise gross proceeds of US$7.25 million through the issue of Loan Notes, approved by shareholders, to its new Strategic Investor, Redstone Capital Limited. The funds will be used to finance the planned capacity and reliability upgrades to the metallurgical plant and also for general working capital purposes.

    &l..
  • COO of African Barrick Gold resigns

    2013-09-17
    African Barrick Gold Plc has announced the resignation of it Chief Operating Officer, Marco Zolezzi, effective immediately.

    Zolezzi had been with the company in his capacity as Chief Operating Officer since September 2010 and is now stepping down to pursue other interests.

    The c..
  • Aquarius Platinum advises of cost reduction initiatives

    2013-09-16
    Aquarius Platinum Limited has advised shareholders of a range of initiatives that will be undertaken by the company with the aim of reducing operating costs and conserving cash resources in the face of the difficult operating environment. 

    Non-Executive Directors of the company have agreed on a 10% reduction in directors fe..
  • Vedanta Resources appoints new chairman

    2013-09-16
    Vedanta Resources Plc has announced the appointment of Tom Albanese as Chairman of Vendata’s subsidiary, Vedanta Resources Holdings Ltd.

    Albanese will be actively involved in developing the company's strategy, policies and growth objectives. He is a former Chief Executive Officer and Board Bember of the Rio Tinto Group. Albanes..
  • Gold One signs a two-year pay offer

    2013-09-13
    Gold One International Limited has signed a two-year wage agreement with the National Union of Mineworkers (“NUM”) and United Association of South Africa (“UASA”) in respect of the company’s Cooke Underground and Randfontein Surface Operations.

    As stipulated in the agreement, wages will increase during the first year by 8% for Categ..
  • Edenville Energy partners with RAFCOGROUP

    2013-09-13
    Edenville Energy Plc has engaged with RAFCOGROUP with the aim of working together to identify strategic partners and investors for the Rukwa Coal Project.

    RAFCO is a privately owned Investment and Management Consulting company that specializes in the East African Mining and Energy markets.

  • IMX Resources reports results from Ntaka Hill

    2013-09-12
    IMX Resources Limited has released results pertaining to the first round of assays carried out at its Ntaka Hill Nickel sulphide project in Tanzania.

    The company reports intersects of significant low grade disseminated mineralisation in the majori..
  • African Eagle releases interim results

    2013-09-12
    African Eagle Resources Plc has released its interim results for the six months ended 30 June 2013.

    The company’s Board of Directors decided on progressing three initiatives in early 2013. These were to continue seeking a purchaser for the Dutwa assets, to recover any value possible from the Miyabi JV and other non-Dutwa assets and ..
  • Bauba Platinum updates resource estimate

    2013-09-12

    Bauba Platinum Limited has released the updated resources estimate for its platinum group metals prospects located in the Bushveld Igneous Complex in South Africa.


    The..

  • Village Main Reef reaches settlement

    2013-09-11
    Village Main Reef Limited has reached a settlement with the National Union of Mineworkers (NUM) in respect of the Tau Lekoa mine in South Africa.

    Part of the settlement agreement is an increase of 8% in the basic wage for category 4 and 5 employee..
  • Lonmin Plc makes directorate change

    2013-09-11
    Lonmin Plc has announced the appointment of two Non-Executive Directors, Gary Nagle and Paul Smith, effective immediately.

    Nagle joined Glencore in 2000 working in the coal department in Switzerland, where he managed Glencore’s coal assets worldwide. He was Chief Executive Officer of Prodeco from December 2007 until April 2013 and h..
  • Central Rand Gold finalises transfer to AltX

    2013-09-10
    Central Rand Gold Limited has finalised the transfer of its securities from trading on the JSE Main Board to trading on the AltX Board.

    The company is also in the process of having its listing on the LSE cancelled in order to begin trading its ordinary shares on the AIM exchange.

  • Predictive Discovery undertakes a $1.2 million share placement

    2013-09-10
    Predictive Discovery Limited has announced its share placement scheme of up to 63 157 895 shares at 1.9 cents each to raise a total of $1.2 million.

    The placement has been strongly supported by existing shareholders as well as the company’s Board. The company reports to have already received firm commitments of over $1.1 million.<..
  • Kogi Iron simplifies beneficiation process

    2013-09-10
    Kogi Iron Limited has announced the identification of a simpler beneficiation process for its Agbaja Iron Ore Project located in Nigeria.

    The project will be utilizing the simple wet low intensity magnetic separation (LIMS) method to produce a sa..
  • African Mining acquires Matilda Minerals

    2013-09-10

    AIM listed exploration company, African Mining and Exploration Plc, has entered into an agreement to acquire an 80% interest in Matilda Minerals Limitada.


    Matilda Minerals is a privately owned heavy mineral sands explorer and holds the highly prospective 180km..

  • Edenville Energy releases scoping study results

    2013-09-10
    Edenville Energy Plc has announced the results of the scoping study it commissioned on its Rukwa Coal Project, located in south-western Tanzania.

    The scoping study was developed to explore the viability of a small open pit mining operation. The re..
  • Harmony Gold Mining’s operations return to normal

    2013-09-10
    Harmony Gold Mining Company Limited reports that all of its mines have returned to normal following the industrial action that took place this week.

    Members of the National Union of Mineworkers went on strike on the evening of 3 September 2013 and returned to work for the night shift on 8 September 2013.
  • West Peak Iron releases an exploration update

    2013-09-09
    West Peak identifies new target areas at its Bomi South and Bobo Creek Projects in Liberia.

    The western side of the Bomi South project has demonstrated the potential for blind DSO magnetite deposits with high grade chip samples and iron grades es..
  • Pan African concludes Evander Gold Mine wage negotiations

    2013-09-09
    Pan African Plc has announced the successful conclusion of wage negotiations which were underway at its Evander Gold Mines Limited operations.

    The company along with the Chamber of Mines concluded a two year agreement with the National Union of Mineworkers and the United Association of South Africa regarding wages and other employme..
  • Tawana provides an update from its Mofe Creek project

    2013-09-06
    Tawana Resources NL has received the Environmental Permit from the Environmental Protection Agency of Liberia, regarding the company’s upcoming exploration drill program at its Mofe Creek iron ore project.

    The company reports the construction of the drill access to the high grade “Zaway” target area as being currently underway. A mu..
  • Sibanye Gold prepares for industry wide strike

    2013-09-06
    Shareholders of Sibanye Gold Limited are advised of the notice given by the National Union of Mineworkers (NUM) regarding an industry wide strike.

    The strike is set to commence with the night shift. The industrial action follows after the parties were not able to reach an agreement at the Chamber of Mines of South Africa’s gold sect..
  • Rumble Resources fully funded to begin exploration programmes

    2013-09-05
    Rumble Resources Limited can commence exploration programmes at its Burkino Faso and other operations following the recently competed, successful shortfall placement.

    The shortfall amounted to 20 142 794 shares, following the closing of the original 24 107 052 share Entitlement Issue of which only 3 964 258 shares were subscribed to..
  • Gold One’s operations normalise

    2013-09-05
    On 30 August 2013, Gold One InterationalInternational Limited was advised, by the National Union of Mineworkers, of the industrial action planned to commence, on 3 September 2013.

    The strike action affected the company’s Cooke 1-3 underground and Randfontein Surface Operations and followed after the parties were unable to..
  • Wits Gold receives approval for acquisition

    2013-09-04
    Witwatersrand Consolidated Gold Resources Limited has received approval from the Competition Commission regarding its proposed acquisition of Southgold Exploration Proprietary Limited.

    The company continues to progress the finalisation of the Proposed Transaction which is subject to certain conditions, including but not limited to r..
  • Update on Rockwell Diamonds’ Middle Orange River operations

    2013-09-04
    Rockwell Diamonds Incorporated is currently in the process of executing its core strategy to increase the production at its Middle Orange River operations, in South Africa, to 500 000m³ per month.

    The company’s aim is to improve earnings through t..
  • Central Rand Gold provides an update on its proposed funding

    2013-09-04
    Central Rand Gold Limited has released an update regarding the proposed Loan Note investment to raise gross proceeds of US$7.25 million.

    The company entered into a conditional agreement to raise the gross proceeds through the issue of Loan Notes to Redstone Capital. The agreement was subject to shareholders’ approval and all resolut..
  • Sula Iron & Gold’s Sierra Leone project shows significant iron prospectivity

    2013-09-04
    Sula Iron & Gold Plc has announced the completion of its 2,000m drilling programme at its wholly owned, 153 sq km, Blue Horizon license.

    The area is located in the northern part of the Sula-Kangari Greenstone Belt in Sierra Leone and drilling results have confirmed a significant iron resource.
  • Firestone Energy signs loan agreement with Waterberg Coal Company

    2013-09-03
    Major shareholder, Waterberg Coal Company Limited, has agreed to provide Firestone Energy Limited with a loan of up to $3 million to be put toward the Waterberg coal project financing obligations.

    The terms and conditions of the loan stipulate that the funding is to be used solely for the purpose of financing and other related expen..
  • Bushveld Minerals increases its interest in Lemur Resources

    2013-09-03
    Bushveld Minerals Limited has increased its stake in Lemur Resources Limited to 44.33%.

    The increase from 16.77% to 44.33% is due to the acceptance by Lemur Resources shareholders, whose 27.27% total shareholding was released from escrow on 24 August 2013.

    The company has announ..
  • Ncondezi Energy receives a concession

    2013-09-03
    Ncondezi Energy Limited’s wholly owned subsidiary, Ncondezi Coal Company Mozambique Limited, has been granted a Mining Concession for its integrated thermal coal mine and power plant project.

    The concession was granted by the Mozambican Ministry of Mineral Resources ("MIREM"), whereby Ncondezi Energy holds the exclusive ri..
  • Harmony Gold’s Board approves the granting of financial assistance

    2013-09-03
    The Board of Directors of Harmony Gold Mining Company Limited has given approval for the company to provide up to R1.4 billion in financial assistance.

    The financial assistance can be provided to any one or more related or inter-related companies or corporations or any one or more juristic persons who are members thereof. &..
  • Keaton Energy makes an acquisition offer to Xceed Resources

    2013-09-03
    Keaton Energy Holdings Limited has made a cash offer of AUD 0.14 per share to acquire the entire issued share capital of Xceed Resources Limited.

    The parties have engaged in a scheme implementation deed dated 23 August 2013 which outlines the scheme of arrangement through which the offer will be carried out. Following the conclusion..
  • Blackthorn Resources completes pre-feasibility study

    2013-09-02
    Blackthorn Resources has released an update regarding its Mumbwa project in Zambia

    The prefeasibility study conducted on the Kitumba project is currently in the process of being completed, summary results of which will be announced once..
  • African Mining & Exploration sells West African subsidiary

    2013-08-28
    African Mining & Exploration Plc has disposed of its subsidiary, AME West Africa Ltd, to AIM listed Alecto Minerals Plc.

    The subsidiary was sold for a consideration of £1.25m in new Alecto Minerals shares at 1.15 pence per share. AME West Africa holds, through its subsidiary Caracal Gold Mali SARL, six prospective exploratio..
  • Sierra Rutile secures $20m working capital facility

    2013-08-28
    ASX listed Sierra Rutile Limited has secured a working capital facility to the value of $20 million with Nedbank Limited.

    This comes after all conditions precedent to the conclusion of the facility was satisfied. The funds are now available to be drawn.

    Sierra Rutile is an indus..
  • AngloGold Ashanti takes precautions against volatile gold market

    2013-08-28
    AngloGold Ashanti Limited has reached an agreement with its two banking syndicates to temporarily relax its credit commitments, in an attempt to hedge the company against a volatile gold market.

    The company has received consent from the banking syndicates to loosen the net debt to the rolling twelve month EBITDA covenant from a rati..
  • Resource Generation increases its stake in Waterberg One Coal

    2013-08-28
    Resource Generation Limited has begun actions to increase its 70% stake in Waterberg One Coal (Pty) Ltd. 

    At present 70% of Waterberg One Coal shares are held by Resource Generation while the remaining 30% are held by Lukale Mining Company (Pty) Ltd. Lukale Mining is selling its stake which will be split between Resource Ge..
  • Sibanye Gold acquires Gold One International’s Cooke operations

    2013-08-28
    Sibanye Gold Limited has announced the acquisition of Gold One International’s Cooke surface operations.

    Sibanye Gold will acquire a 14% shareholding in the Gold One Group’s claims against Newshelf 1114 (Pty) Ltd for a consideration of approximately 150 000 000 new Sibanye Gold ordinary shares. The company will also introduce the Ch..
  • Magnum Gas & Power updates on drilling progress

    2013-08-27
    Magnum Gas & Power Limited has given an update on its Botswana Coal Bed Methane (CBM) exploration programme.

    The company reports successful completion of the exploration well pre-collaring operations and the commencement of the coring operations.

    Through the drilling pro..
  • West African Resources completes placement

    2013-08-27
    ASX listed company; West African Resources has announced the completion of a 10% placement, raising $3 million by issuing 20 million ordinary shares at 15 cents each.

    The funds from the placement will be used to accelerate resource definition drilling at the company’s high-grade Moktedu project in Burkina Faso and on the adjacent 1 ..
  • Anglo American Platinum concludes restructuring consultation process

    2013-08-26
    Anglo American Platinum Limited has concluded its restructuring consultation with the Department of Mineral Resources and the recognised unions. 

    The consultation process aimed to determine how the company will reduce costs and reconfigure marginal operations to return the company to profitability. The process was overseen ..
  • Gold One declares its Cooke 4 shaft mineral resource

    2013-08-26
    Through extensive review of existing historical geological and grade information, Gold One International Limited has defined the mineral resource estimates for its Cooke 4 shaft in South Africa.
  • African Minerals appoints new Chief Financial Officer

    2013-08-26
    African Minerals Limited has announced that out-going CFO, Miguel Perry, will be replaced by Matthew Hird with effect from 1 October 2013.

    Perry has resigned from his position as Chief Financial Officer and Executive Director of the company for personal reasons. He served the company in his capacity as CFO since October 2010.&nb..
  • Globe Mining and Metals releases test work results

    2013-08-26
    Globe Mining and Metals has released encouraging results for the optimization test work on the Kanyika Engineering study.

    The company reports improved flotation results that enhance the Kanyika project commercialization process. The company’s smelting concentrate has demonstrated a marketable ferroalloy, with the demonstration plant..
  • Intra Energy’s acquisition by Tancoal

    2013-08-26
    Intra Energy Corporation Limited, through its 70% owned subsidiary Tancoal Energy Limited, has announced the acquisition of a prospecting license PL 8999/2013 within the Ngaka Coalfield.

    The license is located adjacent to the Mbuyura Mkapa coal deposit, currently being mined by Tancoal Energy within the Ngaka Mine. It covers an area..
  • Gold Fields reports Q2 loss

    2013-08-23
    South African gold producer, Gold Fields Limited, attributed its Q2 2013 net loss to lower gold prices and impairments of their assets in Ghana.

    The company announced a net loss from continuing operations of $129 million compared to the earnings o..
  • Jubilee Platinum issues shares to advance Platinum Australia acquisition

    2013-08-21
    AIM and JSE listed platinum miner, Jubilee Platinum Plc, is set to issue approximately 1.4 million ordinary shares to YA Global Master SPV Ltd.

    The shares will be issued at 1 pence per share amounting to a total consideration of £72 633. The shares are expected to be admitted for trading on the AIM and JSE by 21 August 2013.
  • Anglo American Update on restructuring plans

    2013-08-20
    Anglo American Platinum Limited has announced the conclusion of consultations with key stakeholders and unions on the plans to restructure its business.

    Following the consultation with key stakeholders; the Department of Mineral Resources and recognised unions; the Company will be proceeding with the implementation of baseline produ..
  • Tlou Energy suspends Botswana drilling programme

    2013-08-20
    Coal Bed Methane and gas explorer, Tlou Energy Limited, have suspended their current drilling operations through the Morupule formation coal stream in Botswana.

    This comes after the company encountered persistent down-hole drilling motor problems during their operations. The company has so far intersected good quality coal along the..
  • IMX Resources doubles resource grade at Ntaka Hill

    2013-08-20
    Dual listed iron ore and base metals miner, IMX Resources Limited, has upgraded its global mineral resource estimate for its Ntaka Hill Nickel Sulphide project in Tanzania.

    The company has reported an increase in Inferred Resource category grade, ..
  • DiamondCorp updates on Lace Mine operations

    2013-08-20
    The Lace Mine of DiamondCorp Plc located in the Free State province of South Africa has made significant developments relating to project finance in the 14 level block cave development.

    The company reports a successful drawn down the first tranche of the R220 million project finance facility from the Industrial Development Corporati..
  • Lonmin and AMCU sign an employee recognition agreement

    2013-08-19
    Lonmin Plc has signed an employee recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

    The signing of the agreement means that AMCU will now be recognised as the majority union at Lonmin, and acknowledges the rights and obligations which accompany that status in South African labour law.
  • African Minerals appoints new CEO

    2013-08-19
    African Minerals Limited has announced the resignation of Keith Calder as Chief Executive Officer of the company.

    The board would like to thank Calder for his management, guidance and contribution to the Company's transformation over the last twelve months.

    Current Director..
  • TPL Corporation set to acquire chrome interests in Zimbabwe

    2013-08-19
    TPL Corporation Limited has entered into a heads agreement with Farvic Consolidated Mines (PVT) Limited (Farvic).

    Under the agreement, TPL Corporation will obtain an option to subscribe for a 70% equity interest in the chrome mining company, African Chrome Fields (Pvt) Limited, and processing plant; Fanshawe Mining Services (Pvt) Li..
  • Bhp Billiton updates on Investigations

    2013-08-16
    BHP Billiton has provided an update on continuing regulatory investigations conducted by the US Securities and Exchange Commission (SEC).

    The group started an internal investigation in August 2009 and has now disclosed evidence that it uncovered, to relevant authorities, regarding possible violations of applicable anti-corruption la..
  • Harmony Gold repositions its future prospects following Q4 results

    2013-08-15
    Harmony Gold Mining Company Limited has repositioned itself for the future through several cost-cutting and operational improvements, following the release of its Q4 and year end results.

    The company reported its best annual Lost Time Injury Frequency Rate to date, demonstrating a significant improvement in safety measures. Quarter-..
  • A new consolidated gold portfolio for Kibo Mining

    2013-08-14
    Kibo Mining Plc has announced the completion of phase 1 of the company's consolidation strategy for its tenement portfolio in Lake Victoria, Tanzania.

    The new Consolidated Lake Victoria Gold Exploration Portfolio includes two brownfield explo..
  • African Eagle Resources receives approval for disposal

    2013-08-14
    African Eagle Resources Plc has announced the completion of the disposal of a substantial portion of its subsidiaries, assets and liabilities to Blackdown Resources (UK) Limited.

    The Ministry of Energy and Minerals in Tanzania advised that its con..
  • Village Main Reef restructures its Board of Directors

    2013-08-13
    Village Main Reef Limited has made changes to the Board, with effect from 8 August 2013.

    The company’s previous Chief Executive Officer, Bernard Swanepoel, will be replacing Non-Executive Chairman of the Board, Roy Pitchford, who has tendered his resignation.

  • Universal Coal remains on track with first drawdown facility

    2013-08-13
    Universal Coal Plc has announced the successful completion of the first drawdown of its R300 million Kangala Project Finance Facility with Rand Merchant Bank.

    The facility will allow Universal Coal to remain on track with its six month timeline to commence their Kangala
  • Sierra Rutile reduces capital costs

    2013-08-13
    Sierra Rutile Limited has reduced capital costs by over 17% at its Gangama Dry Mining project.

    This reduction was a result of a recently completed value-optimisation and re-costing exercise for the project’s feasibility study.

    The re-costing exercise focused on integration of up..
  • Botswana Diamonds enters into a joint venture

    2013-08-13
    Diamond exploration and project development company, Botswana Diamonds Plc, has announced its joint venture agreement with Siseko Minerals (Pty) Ltd.

    The joint venture is regarding the 13 license Brightstone block in the Gope area of Botswana, covering an area of 6,518 square kilometres.

    &..
  • AngloGold Ashanti’s new CEO plans to slash $482m off corporate costs

    2013-08-12
    AngloGold Ashanti Limited’s new Chief Executive Officer, Srinivasan Venkatakrishnan (Venkat), is set to further shake things up following a solid Q2 performance by the company.

    Appointed in May 2013, Venkat is aiming to cut corporate costs by more than half from 2012 levels by 2014. The plans also include narrowing the focus on its ..
  • Global Renewable Energy acquires shares in Jubilee Platinum’s subsidiaries

    2013-08-12
    Shareholders are advised that the Sale of Shares Agreement between Jubilee Platinum and Global Renewal Energy Limited has been concluded.

    Global Renewal Energy has agreed to acquire the issued share capital of Jubilee Platinum’s wholly owned subsidi..
  • Gold One updates on Pamodzi Gold acquisition

    2013-08-12
    Gold One International Limited and Goliath Gold Mining Limited's acquisition agreement applications to purchase the underground deposits and selected surface assets of Pamodzi Gold East Rand (Pty) Limited have been granted.

    Gold One and Goliath have entered into a ZAR 70 million acquisition agreement to purchase the underground..
  • Merafe Resources revenue up 19% in H1 2013

    2013-08-12
    Merafe Resources Limited reports an increase in production and revenue of 23% and 19%, respectively, for the six month period ended 30 June 2013.

    However, the company experienced a decrease in EBITDA from R263million for H1 2012 to R210 million for H1 2013. Headline Earnings per Share also decreased to 3.8 cents in this period from ..
  • Barrick Gold reports a net loss of $8.56 billion

    2013-08-06
    TSX listed gold mining company, Barrick Gold Corporation, has released its second quarter 2013 results.

    The company reports after-tax impairment charges of around $8.7 billion which were largely driven by recent declines in metal prices. Budgeted capital and costs were reduced by approximately $1.5 billion during Q2 and $2.0 billion..
  • Roxgold closes $10.25 million deal

    2013-08-06
    Roxgold Incorporated has announced the closing of a $10.25 million bought deal private placement of 25 625 000 common shares at a price of $0.40 per share.

    The deal was made through a syndicate of underwriters who received a commission equal to 5.0% of the gross proceeds of the offering.

    &..
  • Paladin Energy successfully raises AUD88 million

    2013-08-06
    Paladin Energy Limited has successfully raised AUD88 million following a private placement to institutional investors and accredited investors of 125.6 million ordinary shares.

    The placement, priced at AUD0.70 per share, comes after the company decided to postpone the sale of their Lager Heinrich uranium mine in
  • Sula Iron & Gold’s Chairman resigns

    2013-08-06
    Sula Iron & Gold Plc has announced the resignation of its Chairman of the Board, Brian Moritz.

    The Board wishes Moritz well for his future endeavours and thanks him for his service to the company.

    Sula Iron & Gold Plc is an iron ore and
  • Continental Coal achieves overhead cost reduction goals

    2013-08-06
    Dual-listed coal exploration and development company, Continental Coal Limited, reports that it is continuing in its efforts to bring down its overhead costs.

    The company has already achieved a 54% decrease in its administration costs, a 44% decre..
  • Lucapa sells $3.12 million worth of diamonds

    2013-08-05
    Lucapa Diamond Company has sold a parcel of diamonds weighing 496.2 carats from the company’s Lulo Diamond Concession in Angola. 

    Gross proceeds for the diamonds totaled $3.12 million and net proceeds amounted to $2.7 million.The $2.7 million, expected to be paid in full within two weeks, will enable Lucapa to immediately r..
  • Bushveld Minerals update on takeover bid

    2013-08-05
    Bushveld Minerals Limited has announced the intention of Lemur Resources Limited’s major shareholders to accept its takeover offer.

    These shareholders represent 27.27% of Lemur's issued shares. Upon acceptance of the offer, and in combination with Bushveld's existing 14.57%, this combined interest will increase to 41.84%.&..
  • Palabora updates on Rio/Anglo divestment and Director change

    2013-08-05
    Following the conclusion of the Rio/Anglo divestment, Shareholders are advised that the Rio Tinto and Anglo American Divestment was implemented on 31 July 2013.

    The divestment implementation has resulted in the Consortium acquiring 74.5% of the issued share capital of the Company, directly and indirectly.
  • Stonewall Resources discovers new potential gold reefs

    2013-08-05
    Stonewall Resources Limited has reported the discovery of new potential gold reefs at its Transvaal Gold Mining Estates surface drilling exploration project in South Africa.

    The company believes its discovery to hold significant economic value, po..
  • Gold One achieves record quarterly production

    2013-08-02
    Dual listed gold miner, Gold One International Limited, has announced positive results in its June 2013 quarterly report. 

    The company’s Modder East gold mine in South Africa continued to produce robust results despite the sharp decline in th..
  • Jubilee Platinum secures $10.5m funding from Macquarie Bank

    2013-08-02
    Jubilee Platinum has signed a Memorandum of Understanding (MoU) with Macquarie Bank Limited for a $10.5 million debt facility to be put towards the acquisition of Platinum Australia Limited.

    Jubilee Platinum and Platinum Australia have agreed that Platinum Australia shareholders will receive one Jubilee Platinum share for approximat..
  • Tawana Resources executes underwriting agreement

    2013-08-02
    Tawana Resources NL has concluded an Underwriting Agreement with Canaccord Genuity (Australia) Limited for 50 million options. The options have a strike price of $0.01 and expire on 30 July 2013.

    Canaccord Genuity will receive an underwriting fee of 5% on the total underwritten amount.

    <..
  • Palabora releases a Rio/Anglo divestment and trading update

    2013-08-02
    According to Palabora Mining Company Limited’s trading statement for the six month period ended 30 June 2013, the company has seen significant increases in its financial results. 

    The company reports a 32% increase in its EBITDA, rising from R747 million in the comparative period of 2012 to R983 million for the six months e..
  • Beacon Hill releases Q2 results

    2013-08-01
    Beacon Hill Resources Plc has released its quarterly activities report for the period ended 30 June 2013.

    The company reports the completion of the phase 2A wash plant upgrade, with the production of the first low volatile premium hard coking coal and export quality thermal coal product from Minas Moatize in Mozambique and progressi..
  • Rio-Tinto’s underground mine development delayed

    2013-08-01
    ASX/LSE listed company, Rio-Tinto Plc, has advised of the delay for the underground mine development at its Oyu Tolgoi operations in Mongolia.

    The project secured provisional financing, which is subject to the approval of the Mongolian Parliament that’s currently in summer recess.

  • Gem Diamonds releases H1 trading statement

    2013-07-31
    Gem Diamonds Limited has released its trading statement for the half year period 1 January to 30 June 2013.

    The company reports the installation of four cone crushers in Letseng's Plants 1 and 2, in Lesotho, was completed on time and on budget. During the period the company recovered 3 diamonds each over 100 carats in size and ..
  • Village Main Reef suspends financial assistance

    2013-07-31
    Village Main Reef Limited has suspended financial assistance to Blyvooruitzicht Gold Mining Company Limited.

    Village Main Reef assumed operational control of Blyvooruitzicht GM in June 2012 and invested some R190 million to sustain operations. Blyvooruitzicht GM incurred a loss of R88 million for the three month period ended 30 June..
  • PMI Gold set to resume drilling at its Obotan gold project

    2013-07-30
    Gold exploration and development company, PMI Gold Corporation, will resume drilling at its 100% owned Obotan Gold project in Ghana within this quarter.

    Drilling will be carried out on the Dynamite Hill deposit which was discovered earlier this ye..
  • Chrysalis Resources makes changes to the Board

    2013-07-29
    Chrysalis Resources Limited has announced the appointment of Michael Griffiths to the company’s Board of Directors.

    This follows the resignation of Brad Marwood from his position as Non-Executive Director due to his commitment as Managing Director of Tiger ..
  • Anglo American reshuffles senior management as H1 profits drop

    2013-07-29
    Diversified miner, Anglo American Plc, has announced several changes to its senior management as well as its interim results for the six months ended 30 June 2013. 

    The group has condensed its ten current business units into six, stating that the changes were made in order to manage the group’s businesses more effectively a..
  • Randgold Resources on track for first gold pour in DRC

    2013-07-25
    Randgold Resources Limited has announced its preparation to pour first gold at its Kibali gold project in the Democratic Republic of Congo.

    The company reports on..
  • Kogi Iron receives positive metallurgical test results

    2013-07-25
    Iron ore exploration and development company, Kogi Iron Limited has released the results of metallurgical testwork that was conducted at its 100% owned Agbaja iron project in Nigeria.

    Diamond drill core samples taken returned
  • Universal Coal signs off-take agreement

    2013-07-25

    Universal Coal Plc has signed an export coal sales agreement with Exxaro Coal (Pty) Ltd through its Kangala mine located in Witbank, South Africa.


    Universal Coal has finalis..

  • African Eagles' resolutions get approved

    2013-07-25
    African Eagle Resources Plc has released the results of its General Meeting announcing the approval of their proposed disposal and investing policy.

    The company confirms that a 90% interest in a company that holds substantially all of its nickel assets and businesses in
  • Village Main Reef resumes production

    2013-07-25

    Village Main Reef Limited has resumed production at its Consolidated Murchison antimony/gold mine located in the Limpopo Province, South Africa..

  • ZCI CEO satisfied with continuing improvements at African Copper

    2013-07-24
    The Chief Executive Officer of ZCI Limited, Tom Kamwendo has stated how pleased he is at the continuous improvements in production at African Copper Plc, the groups’ main asset.

    African Copper Plc reported a 5% increase in ore processing during the first quarter compared to the corresponding period of the previous year. This increas..
  • Sibanye Gold releases trading statement

    2013-07-23
    JSE listed, gold explorer and producer, Sibanye Gold Limited, has released its trading statement for the six month period ended 30 June 2013.

    The company expects, with reasonable certainty, that Headline earnings will be between 110 cents and 130 cents per share for the next six month period ended 30 June 2013.
  • African Mining & Exploration to expand targets following £0.5m investment

    2013-07-23
    AIM listed minerals exploration and development company, African Mining & Exploration, has announced a £0.5m capital raising by newly appointed Director, David Archer.

     Archer, who has also been appointed Technical Project Leader, made the equity investment in the company allowing the company to focus on the acquisi..
  • Village Main Reef’s sit-in terminated

    2013-07-22
    Village Main Reef Limited has confirmed that the sit-in at its Consolidated Murch mine in the Limpopo province has been terminated.

    The sit-in began on 10 July 2013 by employees who refused to return the surface and remained in the mine’s Monarch Decline Shaft. The call to terminate was made jointly by management, the office of the ..
  • Bushveld Minerals’ takeover bid update

    2013-07-22
    Bushveld Minerals Limited, a mineral development company focused on iron and tin projects in Southern Africa, has provided an update in relation to its off the market take-over offer for Lemur Resources Limited.

    The company’s holding in Lemur Resources increased to 14.30% following acceptances of the Company's takeover bid for ..
  • Amara Mining receives mining license for Sega project

    2013-07-19
    West African focused gold mining company, Amara Mining Plc, has been granted the mining license for its Sega gold project in Burkina Faso.

    Having been granted the mining license, the company has significantly de-risked its plans to integrate the ..
  • Kibo Mining forms strategic partnership with Korean power company

    2013-07-18
    Tanzanian focused mineral explorer and developer, Kibo Mining Limited, has signed a Memorandum of Understanding (MoU) with Korean power company, Korean East-West Power Co. Ltd.

    The MoU relates to the Rukwa coal project in Tanzania, which Kibo Mining is currently developing. Korean East-West has now been included as a strategic partn..
  • Kibaran Resources signs MoU with graphite trader

    2013-07-18
    Kibaran Resources Limited has signed a Memorandum of Understanding (MoU) with a large European Graphite Trader (EGT) for the sale of its graphite produce from the company’s Epanko deposit in Tanzania.

    The non-binding MoU sets out the proposal by t..
  • Birimian Gold discovers high tenor gold anomalies in Mali

    2013-07-18
    Birimian Gold Limited has announced the discovery of multiple new high tenor gold anomalies over a 4km strike along trend from the Ntiola Lode at its Massigui project in Mali.

    The company has received the results of the shallow reconnaissance dril..
  • Apollo’s JV company awarded exploration licence in Ivory Coast

    2013-07-18
    Apollo Consolidated Limited has announced that its Joint Venture (JV) company has been awarded a title to an exploration licence at Apollo Consolidated’s Seguela project in Ivory Coast.

    The Seguela project is the company’s priority gold exploration property. No previous drilling has been done in the area but it is considered to have..
  • Exxaro partners with GDF SUEZ to develop a coal-fired power plant

    2013-07-16
    Diversified mining group Exxaro Resources Limited has completed a project development agreement with France’s GDF SUEZ, for the development of a 600MW coal-fired power plant in South Africa

    The power station will be built in the Waterbe..
  • Lonmin provides an update on its union recognition and court application

    2013-07-16
    Lonmin Plc has released an update on the conclusion of the court case regarding the union recognition issue.

    Following the court application bought in by the National Union of Mine workers (NUM) to suspend the 90 day notice period for the derecognition of NUM as the largest union at Lonmin, the company has advised that NUM’s applica..
  • Prospect Resources acquires 70% stake in Zimbabwean gold company

    2013-07-15
    Prospect Resources has announced that its 100% owned subsidiary, Prospect Resources UK, has acquired 70% of the issued share capital of Hawkmoth Mining and Exploration (Pty) Ltd.

    Hawkmoth Mining and Exploration has, itself acquired 100% of Coldawn Investments (Pty) Ltd which owns 100% of the Penhalonga
  • AMCU replaces NUM at Sibanye Gold’s Driefontein operations

    2013-07-15
    Sibanye Gold Limited has recognized the Association of Mineworkers and Construction Union (AMCU) as the majority labour union at the company’s Driefontein operations in South Africa.

    AMCU replaces the National Union of Mineworkers (NUM) as the majority union, and has reached an agreement with Sibanye Gold consistent with the previou..
  • Gold Fields on track to achieve annual production targets

    2013-07-12
    Gold producer, Gold Fields Limited, remains positive that they are on track to achieve 2013 annual production guidance for Q2 2013.

    Group production for the quarter is expected to be 451 000 ounces of gold, with cash costs and notional cash expenditu..
  • Wits Gold gets green light for Southgold acquisition

    2013-07-12
    JSE listed Witwatersrand Consolidated Gold Limited (Wits Gold) has been given the go ahead for the acquisition of Southgold Exploration (Pty) Ltd.

    This follows the approval of the company’s proposed plan for the Southgold operations during a Business Rescue Meeting held on Thursday, 11 July 2013. Wits Gold will now proceed towards f..
  • Falling gold prices call for intensified government-stakeholder union

    2013-07-11

    Randgold Resources Plc Chief Executive, Mark Bristow, has highlighted the need for intensified partnerships between mining companies and the governments of mineral-rich countries.


    Following the recent ailing

  • Jubilee Platinum issues additional shares

    2013-07-10
    Jubilee Platinum Limited has announced that it is issuing 1,192,191 additional ordinary shares for a consideration of 1 pence each to YA Global Master Spv Limited.

    This issue of equity is in accordance with the SEDA advanced notice dated 3 July 2013 for an amount of £70 163.

    The..
  • Republic Gold sells Liongold shares

    2013-07-09
    Republic Gold Limited has disposed of its remaining shares in Singapore listed Liongold Corp.

    The remaining shares  were sold at an average price of AUD1.1 1 per share, amounting to  net proceeds of approximatelyAUD 2.14 million for the company.

    The net amount ..
  • Predictive Discovery acquires new prospective ground in Côte d’Ivoire

    2013-07-08
    West African focused gold explorer, Predictive Discovery Limited, has acquired new prospective ground for its Côte d’Ivoire portfolio.

    The company had been using its Predictore technology, successfully applied in Burkino Faso, for the past two ye..
  • Lonmin provides an update on Union recognition

    2013-07-08
    Lonmin plc updates on the union recognition developments and the wider industrial relations at its Marikana operations.

    The company advises that the National Union of Mine workers have brought in a court application set down for 10 July 2013.

    Lonmin has publicly released filed d..
  • Continental Coal announces intentions to list on the JSE

    2013-07-08
    Continental Coal Limited has announced its intention to seek admission of its shares on the main board of the Johannesburg Stock Exchange by Q4 of 2013.

    The company proposed the listing as a key strategic initiative to enhance its growth prospects, to facilitate investment by African domiciled investors and to extent stakeholder rel..
  • Firestone Energy appoints new Chief Executive Officer

    2013-07-08
    Firestone Energy Limited has announced the appointment of Mr Stephen Miller as the company’s new Chief Executive Officer following the retirement of Mr David Knox, effective immediately.

    With the Waterberg Coal Project Joint Venture underway, Mr Miller’s experience in the financing and development of large scale projects will have a..
  • Giyani Gold lists on the Namibian Stock Exchange

    2013-07-08
    Giyani Gold Corp has officially listed on the Alternative Investment Board (AIX) of the Namibian Stock Exchange (NSX) as of 5 July 2013 under the symbol GGC.

    The AIX is the second largest Exchange in Africa by market capitalisation and is a new Board to the NSX to facilitate listings with a no local asset status in Namibia. The comp..
  • Australian Mines divests to focus on African projects

    2013-07-04
    African focused explorer, Australian Mines Limited, has confirmed the receipt of the final payment amounting to $2.7 million for the sale of its Mt Martin gold project.

    The project which is located in Australia was sold to HBJ Minerals (Pty) Ltd, a s..
  • Sierra Rutile updates on Q2 operations

    2013-07-04
    Sierra Rutile Limited has provided an update on its operational results for the second quarter of 2013.

    The company reports production to be in budget and on track to deliver an estimated full year production of 125, 000 tonnes.

    Production for rutile amounted to 26,898 tonnes fo..
  • Independent Expert’s opinion for Infrasors’ shareholders

    2013-07-04
    The Independent Board of Directors of Infrasors Holdings Limited have considered the proposed terms and conditions of the Revised Offer made by Afrimat Limited to the company’s minority shareholders.

    Following the original offer by Afrimat to acquire the ordinary shares held by the remaining Infrasors shareholders for a consideratio..
  • Avocet intercepts significant gold mineralisation in Guinea

    2013-07-03
    Avocet Mining PLC has announces significant intercepts at their Tri-K development project in Guinea. 

    The project is located in the northeast side of Guinea with a total mineral resource of 3.2 million ounces of gold. The company expects 0.6 million ounces of the mineral resources to be hosted in oxide ore amenable to heap ..
  • Atlatsa gets shareholder’s approval on restructuring plan

    2013-07-03
    Shareholders of Atlatsa Resources Corporation have approved all resolutions proposed by the company at the special general meeting held on 28 June 2013.

    In line with the approval of the resolutions, the company will now dispose of 31.4 million attributable Platinum Group Metal (PMG) ounces which comprises the eastern section of the ..
  • African Eagle agrees to dispose of its operations

    2013-07-02
    African Eagle Resources is pleased to announce that it has agreed to sell substantially all of its subsidiaries, assets and liabilities to Blackdown Resources (UK) Limited, a subsidiary of Cienega S.a.r.l, which is ultimately owned by Nick Clarke and his family trusts.

    The Disposal constitutes a fundamental disposal pursuant to Rule..
  • Rio Tinto and Anglo American divest Palabora interests

    2013-07-02
    Palabora Mining Company Limited has reported progress on the divestment of the Rio Tinto Group and Anglo American Limited’s interest in the company, to a consortium of IDC-led purchasers.

    Rio Tinto has made significant progress in fulfilling several k..
  • Robust financial returns for Amara’s Baomahun project

    2013-07-02
    According to a feasibility study, Amara Mining’s Baomahu Gold project in Sierra Leone is set to generate robust financial returns.

    The feasibility study reports an average gold production of 148,550 ounces per annum over the first six years with an estimated average grade of 2.53g/t. The company expects the first year of production ..
  • Callabonna to acquire Element Morocco

    2013-07-02
    Callabonna Resources Limited has signed a conditional sale agreement to acquire 100% shares  in the Hong Kong Company, Element Morocco Limited.

    Element Morocco holds interests in certain Moroccan tenements prospective for manganese through its Moroccan subsidiary, Element Commodities Morocco SA, which has been granted six e..
  • Rockwell Diamonds amends and extends Daboll’s loan agreement

    2013-07-01
    Rockwell Diamonds Incorporated has extended its loan agreement with Daboll Consultants Limited by two years to 2 June 2015. In addition, the company has amended the loan so that it is convertible at the prevailing market price of the company’s shares with a floor price of C$0.16.

    The amended agreement outlines that the loan may be c..
  • Tlou Energy drilling programme update

    2013-07-01
    Tlou Energy Limited has announced the completion of the Lesedi 1P well as being on schedule in preparation for the drilling of the Lesedi 1A & B lateral intercept wells. 

    The company advises that the drilling of the Selemo 1P coal well w..
  • Resolute Mining provides operational update

    2013-07-01
    ASX listed gold producer, Resolute Mining Limited has released an operational update for FY13.

    Resolute Mining is expecting to exceed its 415 000 ounces forecast for 2013 but have forecast 2014’s gold production to be only 345 000 at a cash cost of..
  • Resgen secures $55.3m loan and is set to raise additional AUD 62.6m

    2013-06-28
    Coal developer Resource Generation Limited (Resgen), has obtained a $55.3 million loan from Noble Resources International Pte Ltd, a wholly owned subsidiary of the Noble Group (Noble).

    The funds will be utilised in the construction of the Boikarabelo rail link from the company’s Boikarabelo
  • Lonmin postpones AMCU arbitration

    2013-06-27
    Platinum exploration and mining company, Lonmin Plc has announced the postponement of its arbitration process regarding a new union recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

    The AMCU requested the talks be delayed to allow the process of engagement to take its course. Lonmin granted the..
  • Sentula cautions shareholders regarding Nkomati mine disposal

    2013-06-27
    Sentula Mining Limited has announced that it is currently engaged in negotiations with Miranda Mineral Holdings Ltd, Mochiba Investments (Pty) Ltd and Jay and Jayendra (Pty) Ltd.

    The negotiations are regarding the disposal of Sentula Mining’s 60% indirectl..
  • Sentula releases audited summary of financial results

    2013-06-27
    Sentula Mining Limited has published their audited financial results for the year ended 31 March 2013.
    Revenue decreased from R2 512 million in the previous period to R2 085 million in this period, a decrease of 17%. Their headline loss per share decreased to 27.0 cents from 21.7 cents in 2012. Net asset value per share amounted to 275 cents a decrease from 408 cen..
  • Gem Diamonds recovers another 100 carat diamond in Lesotho

    2013-06-26
    Diamond producer Gem Diamonds Limited has unearthed another 100 carat diamond from its Letšeng mine in Lesotho.

    The stone is the third diamond over 100 carats recovered from the mine since May this year, which has already produced a $9 million 164 carat ..
  • Kasbah and Nittetsu sign MOU concerning Achmmach tin project

    2013-06-26
    Kasbah Resources Limited has  signeda Memorandum of Understanding (MOU) with Tokyo listed, diversified mining company, Nittetsu Mining Company Limited.

    The MOU outlines the terms regarding Nittetsu Mining wanting to acquire a 5% interest in the joint venture that is developing the Achmmach tin project in Morocco. &..
  • Aquarius Platinum reaches wage agreement for Kroondal mine workers

    2013-06-26
    Aquarius Platinum Limited announced today that its wholly owned subsidiary, Aquarius Platinum (South Africa) Pty Ltd reached a wage agreement with the National Union of Mineworkers (NUM) concerning the workers employed at the company’s Kroondal mine in South Africa.

    The NUM represents the majority of the mine’s Category B, semi-skil..
  • Mining Executives' Compensation

    2013-06-25
    Was it Warren Buffet who said: “Capitalism, An economic system whereby the dumbest guy in the room gets stiffed with the bill?” And the dumbest guy in the room usually isn't even ‘in the room’ yet. That’s why he’s the easiest person to stick the bill with.  In fact, in many cases, such as countries taking on sovereign debt, the dumbest guy in the room isn't even born ..
  • Wesizwe confirms short term loan drawdown

    2013-06-24
    Shareholders are referred to Wesizwe’s SENS announcement, dated 21 January 2013 relating to the confirmation of funding from the China Development Bank (“CDB”) for the Bakubung Platinum Mine project, including the conclusion of two separate USD100m short-term loan contracts. The drawdown of the first USD100 million short-term loan was completed in December 2012 (“the Initial Drawdown”)...
  • Sentula disposes of its Schoongezicht Prospecting Right

    2013-06-24
    The board of directors (“the Board”) of Sentula is pleased to advise shareholders that Sentula has entered into a sale of prospecting right agreement with Miniandante Proprietary Limited (“the Purchaser”) to dispose of the Schoongezicht Prospecting Right and the Prospecting Right Documents described below, to the Purchaser for a total consideration of R22,000,000 (twenty two million Ran..
  • Outstanding results for Middle Island’s Sirba project

    2013-06-24
    Middle Island Resources Limited has released the assay results from its first RC drilling at its Sirba gold project in Niger.

    Results include 21 metres at 4.89 g/t gold, 19 metres at 4.16 g/t gold and 17 metres at 3.05 g/t gold. The company also reported a single surface channel sample of 15 metres at 2.68 g/t gold.
  • Rio Tinto retains Tanzanian diamond operations

    2013-06-24
    Rio Tinto, a leading international diversified mining group, has decided to retain its diamond operations.
    The decision came after the completion of the company’s strategic review which considered potential of divestment of certain operations.
    Alan Davis, Chief Executive Officer of Rio Tinto, commented, “The medium to long-term market fundamen..
  • Richland granted new tanzanite mining licence

    2013-06-24
    The Tanzania Ministry of Energy and Minerals has granted a new mining licence to TanzaniteOne Mining Limited, a wholly owned subsidiary of Richland Resources Limited.

    The mining licence was granted in respect of the company’s tanzanite operations in Tanzania<..
  • Terblanche steps down from Firestone Energy

    2013-06-24
    Kobus Terblanche has resigned from Firestone Energy Limited’s board effective immediately.
    This follows a requisition by Waterberg Coal Company to convene a shareholders’ meeting seeking the removal of Mr Terblanche as a director of the company. The requisition has subsequently been withdrawn. 

    Tim Teb..
  • DiamondCorp provides update on its Lace Mine operations.

    2013-06-24
    The Lace Mine of DiamondCorp located in the Free State province of South Africa has made significant developments relating to activities in the 14 level cave.
      
    The company reports the completion of the treatment plant modifications..
  • Wescoal declares 3% maiden dividend after revenue increase

    2013-06-24

    Wescoal Holdings Limited has released its results for the financial year ended 31 March 2013.


    Revenue increased by 7.3 % which amounts to R676, 9 million, as reflected in their statement of financial position, despite the challenges the company faced during th..

  • Platinum Australia acquisition back on track following R3.5m settlement

    2013-06-20
    Jubilee Platinum Plc’s acquisition of ASX listed Platinum Australia Limited is back on track following a liquidation request against PhokaThaba (Pty) Ltd.

    The request was brought against PhokaThaba, a subsidiary of Platinum Australia by JIC Mining Services on 28 May 2013.The request had prevented Jubilee from moving ahead with the a..
  • Giyani Gold to list on JSE

    2013-06-20
    International gold exploration company, Giyani Gold has been granted a secondary listing on the JSE of up to 61 million shares.

    Giyani Gold is based in Canada and holds a primary listing on the TSX. As of 26 June 2013 the company will have a secondary listing on the JSE’s Alternative Exchange board under the abbreviated name “Giyani..
  • Assmang approves Malaysia Joint Venture

    2013-06-20
    Assmang Limited has conditionally given the go-ahead for a ferromanganese joint venture project in the Sarawak State of Malaysia.

    This follows the completion of a Definitive Feasibility study on the project to establish the financial viability of a manganese alloy smelting facility. Assmang is a ferroalloy producer jointly controlle..
  • North River Resources expands Namib Lead Zinc project area

    2013-06-19
    North River Resources has successfully expanded its Namib Lead Zinc project area following the granting of a new Exclusive Prospecting License (EPL) which runs contiguously to the company’s existing EPL area in Namibia.

    The company is currently i..
  • African Eagle - Correction of prior announcement

    2013-06-19
    African Eagle Resources Plc advises that it has recently acquired missing documents with regard to the sale of certain of the Company's prior assets in Tanzania, Mozambique and Zambia ("Assets") to Ja..
  • Kibo Mining’s Haneti JV exploration programme underway

    2013-06-19
    Tanzania focused mineral explorer and developer, Kibo Mining Plc, has reported the commencement of an exploration programme on its Haneti JV gold and nickel project in
  • Infrasors welcomes new Managing Director

    2013-06-19
    Infrasors Holdings Limited has announced the appointment of the new Managing Director, Louis Loubser.

    Loubser holds a Bachelor of Commerce degree and MBA from the University of Stellenbosch and previously worked for Afrimat Limited as the Head of Business Development.

    Loubser’s ..
  • Orbis Gold intersects high grade mineralisation in Burkina Faso

    2013-06-18
    Ongoing drilling activities at Orbis Gold Limited’s Natougou gold discovery has produced further high-grade results.

    The new drill results confirm Natougou as a significant gold discovery. The company considers the deposit, which is located in south-..
  • Universal Coal’s South African mine production brought forward

    2013-06-18
    Universal Coal Plc has moved the production date for its Kangala coal mine from April to February 2014, two months ahead of schedule.

    The Kangala mine which is located in the Witbank coalfield of South Africa’s Mpumalanga Province, will be the com..
  • Firestone Energy makes changes to its board

    2013-06-18
    The ASX and JSE listed company, Firestone Energy Limited has announced several changes to its board of directors.

    The company’s Deputy Chairman David Perkins, along with Directors Jack James and Oren Zohar have resigned from their duties on the board. New appointments to the board include Brian McMaster, Stephen Miller and David Kno..
  • Positive results for Celamin Holdings’ Tunisian project

    2013-06-18
    Celamin Holdings and its Tunisian joint venture partner, Tunisian Mining Services SARL, have announced a JORC-compliant Mineral Resource at their Gassaa Kabira prospect.

    The prospect forms part of the company’s Chaketma phosphate project in Tunisia in North A..
  • Sovereign Metals begins drilling on Malawi graphite project

    2013-06-18
    Sovereign Metals Limited has commenced with drilling activities on its Central Malawi graphite project located near Lilongwe, Malawi’s capital city.

    The drilling programme has been designed to test the depth and grade of graphite mineralisation at the Duwi and Nanzeka prospects located in the project area. 
  • Amplats employees exit safely from underground

    2013-06-18
    Approximately 2400 employees at Anglo American Platinum’s (Amplats) Thembelani mine have exited safely from underground.

    Workers at the platinum mine located in Rustenburg, ..
  • Jubilee acquisition of Platinum Australia delayed by liquidation application

    2013-06-12
    ASX listed Platinum Australia Limited, has received a liquidation application from the High Court of South Africa against PhokaThaba Platinum (Pty) Ltd, a subsidiary of Platinum Australia.

    The application was launched by Westdawn Investments (Pty) Ltd, trading as JIC Mining Services to dissolve the company which holds approximately ..
  • Tiger Resources unaffected by the DRC’s copper-cobalt ban

    2013-06-11
    The government of the Democratic Republic of Congo (DRC) announced in April 2013 that it would prevent companies from exporting copper and cobalt concentrates from the country.

  • Xceed Resources granted coal mining right in South Africa

    2013-06-11
    The South African Department of Minerals has granted a mining right to ASX listed Xceed Resources Limited.

    The mining right was granted in respect of the company’s Moabsvelden thermal coal project in
  • Windfire Capital acquires gold mine in Limpopo

    2013-06-11
    TSX listed Windfire Capital Corp has signed a Letter of Intent with Triangle City Mining (Pty) Ltd to acquire a 74% interest in the Madonsi gold mine.

    The mine, which is located in the Limpopo province of
  • Mount Burgess Mining appeals rejection of exploration license

    2013-06-11
    Mount Burgess (Botswana) (Pty) Ltd, a subsidiary of Mount Burgess Mining NL, has lodged an appeal with the office of the Vice President of Botswana in respect of a previously held exploration license.

    The application for the extension of the comp..
  • Mega Uranium and Rockgate Capital announce proposed merger

    2013-06-11
    TSX listed Mega Uranium Limited and Rockgate Capital Corp have signed a Letter of Intent to combine the two companies with an aim to create a diversified uranium company. 

    The new company will boast advanced uranium assets in Australia and ..
  • Afrimat revises offer on Infrasors Holdings acquisition

    2013-06-10

    Construction and building materials company Afrimat Limited, has revised their offer to resources miner Infrasors Holdings Limited.

    Afrimat has extended the closing date of the offer to Infrasors Holdings shareholders from 7 Ju..

  • Central Rand Gold releases operational update

    2013-06-10
    Central Rand Gold Limited has released an operational update covering the first four months of 2013.
    The company reports a total mining production of 83 597 tonnes, just shy of its target for the period of 83 604. The grade of the mined material was recorded as 3.25 g/t which is slightly lower than that recorded in 2012 but the company expects the grade to fluctuat..
  • Great Western Minerals signs Letter of Intent with Star Uranium

    2013-06-07
    Great Western Minerals Group Limited has announced its Letter of Intent with Star Uranium Corporation for the purposes of negotiating and executing an option and joint venture agreement. The agreement is in regard of the Hoidas Lake project in Saskatchewan in Canada.

    The joint venture agreement will allow Great Western Minerals to f..
  • Goldplat’s strategic review update

    2013-06-04
    The AIM listed gold producer, Goldplat Plc has released an update on its strategic review which aims to realign the company’s business model.

    The company reports that it has put its Kilimapesa gold mine in Kenya on long term care and maintenance unti..
  • Cooper Energy divests Tunisian acreage

    2013-06-04
    Cooper Energy Limited has announced its plans to divest its Tunisian oil and gas acreage interests following the completion of the Hammamet West-3 well drilling.

    The ASX listed company’s plans to divest are in line with its strategy to focus on A..
  • Coal of Africa to suspend Mooiplaats operations

    2013-06-03
    Coal of Africa Limited has announced its decision to suspend operations at its Mooiplaats colliery in the Mpumalanga province of South Africa.

    The decision to place the mine on long term care and maintenance comes after repeated attempts by the compan..
  • Kibo Mining provides an update on Tanzanian projects

    2013-06-03

    Kibo Mining Plc has released an update on its Rukwa Coal to Power and Haneti Projects in Tanzania.


    The company’s flagship Rukwa Coal to Power project, is about to undergo a scoping study to determine the projects economic and technical parameters. The ..
  • Bezant Resources’ Tanzanian project terminated

    2013-06-03
    Bezant Resources Limited announced that it has received notification from AngloGold Ashanti Limited that the Mafulira project, in Tanzania, has been terminated.

    The Malifura project which included the Mkurumu project, a joint venture with
  • Syrah Resources’ Balama project infrastructure development update

    2013-06-03
    Syrah Resources Limited has reported substantial progress in the development of key infrastructural requirements for its Balama graphite and vanadium project in Mozambique.

    The company reports that the road from MontePuez to Balama is to be sealed this year, which would make the travel from the port to the project less than 3 hours...
  • Delrand Resources identifies high-interest diamond targets in DRC

    2013-05-31
    Delrand Resources Limited has reported significant progress on its diamond exploration activities in the Democratic Republic of Congo (DRC).

    The company has signed an agreement with Rio Tinto Plc to interpret a large diamond exploration dataset that cove..
  • Royal Bafokeng Platinum board grants financial assistance to subsidiaries

    2013-05-31
    On the 28 May 2013, the board of directors of Royal Bafokeng Platinum Limited granted permission for the company to provide approximately R1 billion to its subsidiaries. The current and future financial assistance is to be put mainly towards capital expenditure at the company’s Styldrift platinum project in Rustenburg, South Africa

    ..
  • African Eagle Resources and Rift Valley Resources completes Phase One at Miyabi

    2013-05-31
    African Eagle Resources Plc and Joint Venture partner Rift Valley Resources Limited have completed Phase One on the Miyabi gold project in Tanzania.

  • Update on Firestone Energy’s joint venture with Sekoko Resources

    2013-05-28
    Firestone Energy Limited entered into a joint venture with Sekoko Resources whereby the company holds a 60% participatory interest in the Waterberg Coal Project in the Limpopo Province, South Africa.

    An interim Resource Statement was prepared by SRK C..
  • Jubilee Platinum disposes of a non-core asset

    2013-05-28
    Jubilee Platinum PLC has decreased its holding in the non-platinum ferroalloy smelter and power plant in Middleburg, South Africa, while retaining its platinum processing capacity, for the cash consideration of $14 million.<..
  • Golden Rim Resources discovers high grade gold mineralisation

    2013-05-28
    Golden Rim Resources Limited announced the discovery of a new zone of high grade gold mineralisation at its Balogo project in Burkina Faso.

    The mineralisation lies beneath 2m of transported soil, in bedrock, 1km north east along the Netiana Lodes str..
  • Metals of Africa acquire highly prospective portfolio

    2013-05-28
    Metals of Africa announced that it has signed a binding Share Sale agreement to acquire all issued capital of the unlisted Australian public company, Express Resources Limited.

    Metals of Africa can potentially acquire more than 900 000 hectares of highly prospective ground across
  • Syrah Resources re-evaluates its Balama East resource

    2013-05-28
    Syrah Resources Limited received the results of its Balama East Inferred Resource calculated by independent consultants, the MSA Group. 

    The Mepiche Zone, which is part of the Balama graphite and vanadium project in Mozambique, has an Inferred Resource of 145 million tonnes at a grade of 15.1% Total Graphitic Carbon (TGC) a..
  • Lonmin union recognition negotiations update

    2013-05-22
    Lonmin Plc has announced that no new union recognition agreement with the Association of mineworkers and Construction Union has been reached, since involving the Commission for Conciliation, Mediation and Arbitration (CCMA).

    The CCMA issued a Certificate of Non-Resolution on Tuesday, 21 May 2013, but the parties have agreed to meet ..
  • Anglo American Platinum mitigates job cuts

    2013-05-22
    A tri-partite agreement regarding interventions to mitigate job cuts at Anglo American Platinum Limited has been reached.

    Earlier this year Anglo American Platinum announced a proposal to create a sustainable, competitive and profitable
  • African Consolidated Resources provides Marange update

    2013-05-21
    African Consolidated Resources Plc has received the judgement regarding the indictment against the company, relating to alleged offences in connection with diamonds from Marange.

    It has been determined that the indictment cannot be quashed on the basis t..
  • Australian Takeover Panel orders revision of Firestone Energy takeover bid

    2013-05-21
    In December 2012, Waterberg Coal Company Limited announced an off-market scrip bid for Firestone Energy Limited. Firestone Energy holds a right to a 60% interest in the Waterberg coal project in
  • Waterberg Coal Company extends takeover offer period again

    2013-05-17
    The Waterberg Coal Company Limited, formerly known as Range River Gold Limited, has extended the offer period for the off-market takeover of Firestone Energy Limited for the third time.

    The takeover offer is to acquire all the ordinary shares in Fi..
  • Lonmin strikers return to work

    2013-05-17
    Platinum miner Lonmin Plc reported on Wednesday the return of workers who had embarked on an unprotected strike.

    The workers downed tools at the company’s Marikana platinum mine in
  • African Eagle Resources Plc - Update On Financial Position And Revised Operational Plan

    2013-05-16
    Further to the corporate and Dutwa project update, announced on 2 April 2013, the Company has
    been in discussions with its major shareholders and other institutional investors to assess the
    potential to raise additional equity financing to further progress the Dutwa lateritic
  • Simba Energy and Ajax Exploration sign a Memorandum of Understanding

    2013-05-14
    TSX listed oil and gas exploration company, Simba Energy Incorporated, has signed a Memorandum of Understanding (MOU) with privately owned oil and gas company, Ajax Exploration Limited.

    The MOU outlines the principal commercial terms of Ajax Exploration’s 66% interest farm out agreement of Simba Energy’s Block 2A in Kenya. The MOU h..
  • Bushveld Minerals to acquire Lemur Resources Limited

    2013-05-14
    Bushveld Minerals Limited has announced its intention to make an off-market takeover offer to acquire all of the ordinary shares in Lemur Resources Limited.

    The offer provides 3 Bushveld Minerals shares for every 5 Lemur Resources shares. The Lemur Resources shares were valued at AUD0.099 per share which represents a 65.5% premium t..
  • Globe Metals & Mining seeks to optimise Malawi plant

    2013-05-14
    Globe Metals & Mining Limited has appointed specialist consultant, Mr David Ma, to assist with the optimisation of the process plant and product marketing for the Kanyika Niobium project in Malawi.

    The ASX listed company has engaged the servi..
  • Cape Lambert Resources granted environmental license for Marampa project

    2013-05-14
    Cape Lambert Resources Limited announced that it has been granted an environmental license for its Marampa project. The Marampa project is the company’s flagship iron ore operation in Sierra Leone. 

    Following the granting of the environmental li..
  • Gold Fields’ Q1 output drops by 11%

    2013-05-10
    Gold Fields Limited has released its unaudited Q1 results and is pleased to report a fatality free quarter.
     
    The company experienced an 11% decrease in gold production over the quarter, producing 477 000 ounces.

  • Lonmin agrees to involve CCMA in wage negotiations

    2013-05-10
    Lonmin Plc has undergone significant changes to its union membership profile with 70% of its category 4-9 employees belonging to the Association of Mining and Construction Union (AMCU). A further 20% of employees belong to the former majority union, National Union of Mineworkers (NUM).

    These changes have called for the company to ne..
  • Rockwell achieves notable growth

    2013-05-09

    Rockwell Diamonds Incorporated has announced a 19% increase in diamond sales revenue for the fourth quarter of the 2013 fiscal year compared to the previous corresponding period.


    In the reporting quarter,

  • Sibanye output up 36% despite operational challenges

    2013-05-09
    Sibanye Gold Limited has reported positive results for the quarter ending March 2013, which saw significant improvements despite facing some difficulties during the period.

    The company recorded a 121% quarter-on-quarter increase in operating profit to R1.5 million, and a 36% increase in
  • AngloGold appoints new Chief Executive

    2013-05-09
    Gold miner AngloGold Ashanti has announced the appointment of Srinivasan Venkatakrishnan (Venkat) as the new Chief Executive of the company.

    Mr. Venkat has taken the reigns as the head of AngloGold after being appointed joint interim CEO alongside Tony O’Niell following the departure of former CEO, Mark Cutifani. He previously held ..
  • Firestone Diamonds announces the results of two diamond tenders

    2013-05-07
    Firestone Diamonds Plc has released the results of two diamond tenders held in February and April 2013.

    The total diamonds sold over both tenders amounted to 55 950 carats generating a total revenue of US$5.1 million. All parcels tendered were sold.&..
  • Harmony Gold appoints a new director to the board

    2013-05-07
    Harmony Gold Mining Company Limited has announced the appointment of Karabo Nondumo as a director of the company with effect from 3 May 2013.

    Nondumo joined the Shanduka Group in 2004 as a qualified chartered accountant and held various positions and served on multiple boards representing Shanduka. She was the first CEO of AWCA Inve..
  • Rockwell Diamonds releases fourth quarter production update

    2013-05-07
    Rockwell Diamonds Incorporated has released its production update for the fourth quarter of the fiscal year ending 28 February 2013.

    The company’s Saxendrift operations in the Northern Cape of South Africa experienced a 5% decrease in the amount o..
  • IMX Resources reports Inferred Mineral Resource for its Zeppelin deposit

    2013-05-06
    IMX Resources Limited, the base and precious metals exploration and mining company, released the results of its Inferred Mineral Resource estimates for the Zeppelin deposit in Tanzania.

    The deposit revealed an Inferred Mineral Resource of 6.8Mt at..
  • Kinetko Energy applies for 10 500km² exploration tenure

    2013-05-06
    The Australian gas explorer, Kinetiko Energy Limited, has applied to the Department of Mines in Botswana for 10 500km² of exploration tenure in central Botswana. This expansion of the company’s portfolio of unconventional energy projects is in line with the company’s corporate strategy.
    &l..
  • Firestone Energy’s Waterberg JV development on track

    2013-05-06
    Australian exploration and development company, Firestone Energy Limited, is continuing to progress the Bankable Feasibility Study on its Waterberg coal project. 

    The project is a joint venture with Sekoko Resources (Pty) Ltd to supply 10 mi..
  • Aqaurius Platinum’s Booysendal sale falls through

    2013-05-06
    The sale agreement between Aquarius Platinum Limited and Northam Platinum Limited with regards to mining rights at the company’s Booysendal South operations has been terminated.

    The sale fell through after the condition precedent that Section 102 approval be granted by the Department of Mineral Resources before 30 April 2013, had no..
  • Impala Platinum releases quarterly production report

    2013-05-06
    Impala Platinum Holdings Limited has released its safety and production report for the quarter ended 31 March 2013.

    The group reported no fatalities for this quarter and hence its Fatality Injury Frequency Rate has decreased from 0.087 to 0.057. Its Lost Time Injury Frequency Rate also decreased from 4.96 last year to 4.40 this year..
  • South African miners worry over further wage demands

    2013-05-06
    As wage negotiations are set to be tabled for 2013, South African mines have expressed concern about indications received from South Africa’s biggest mining union, the National Union of Mineworkers (NUM) that workers will demand double digit increases.

  • Nkwe Platinum enters a strategic partnership with a Chinese mining house

    2013-04-29
    Nkwe Platinum Limited has formed a strategic partnership with leading Chinese mining house Zijin Mining Group. 

    Zijin Mining Group’s 100% owned subsidiary, Jin Jiang Mining Limited, will invest AUD$20 million in Nkwe Platinum’s platinum group me..
  • Weatherly gets environmental clearance for Namibian project

    2013-04-29
    Weatherly International Plc has been granted the required environmental clearance from the Ministry for Environment and Tourism, for its Tschudi copper project in Namibia.

  • Kibo partners with Korean company for Tanzania’s Power Project

    2013-04-25
    The African mineral explorer and developer, Kibo Mining Limited, has partnered up with East-West Power Co. Ltd; a Korean government owned Power Company, to take on the Rukwa coal project in Tanzania.
    <..
  • Operations resume at Northam’s Zondereinde mine

    2013-04-24
    Normal drilling operations at Northam Platinum Limited’s Zondereinde Mine were resumed yesterday, 23 April 2013, following the signing of a Memorandum of Understanding on Monday, 22 April 2013.

    Northam Management and the Union of Mineworkers agreed on the ‘return to work’ compensation package as outlined in the Memorandum. The packa..
  • Department of Mineral Rights to appeal Supreme Court’s ruling on Sishen

    2013-04-23
    The Department of Mineral Rights and Imperial Crown Trading have submitted applications for leave to appeal to the Constitutional Court against the Supreme Court’s ruling on the rights to the Sishen mine.

    Following ArcelorMittal South Africa Limited’s failure to convert its old order mining right to a new order mining right by the 3..
  • Magnum begins Coal Bed Methane exploration drilling in Botswana

    2013-04-22
    Magnum Gas & Power Limited is pleased to announce that the company has contracted with various companies to begin drilling and testing two exploration wells in its central project area in Botswana.

    Dewet Drilling was contracted by the com..
  • Universal Coal’s stake in Berenice coking coal project increases

    2013-04-22
    Universal Coal Plc is pleased to announce the company has achieved a 50% ownership of the Cygnus portion of the Berenice coking coal project in Limpopo, South Africa.

  • Anglo American remains committed to South Africa despite calls to divest

    2013-04-22
    Diversified miner Anglo American’s new Chief Executive, Mark Cutifani, has confirmed the miner’s commitment to South Africa stating that its assets in the country are critical to the company’s value proposition.

    Cutifani was speaking at the compan..
  • Stonewall Resources’ Bosveld mines granted conversion of mining rights

    2013-04-22
    Stonewall Resources Limited’s subsidiary Bosveld Mines (Pty) Ltd has received approval from the Department of Mineral Resources to convert an Old Order Mining Right to a New Order Mining Right. The conversion was in respect of the Klipwal and Kortnek farms in South Africa
  • Sula Iron and Gold commences iron resource drilling

    2013-04-22
    Sula Iron and Gold Plc has commenced iron resource drilling in the northern part of the Sul-Kangari Greenstone Belt in Sierra Leone. The wholly owned 153km² area is undergoing iron and gold exploration and has shown a str..
  • Eastern Platinum suspends funding to Crocodile River mine

    2013-04-22
    Eastern Platinum Limited has announced that it has suspended funding to its Crocodile River mine in South Africa. 

    The company based this decision on a number of factors including: the ongoing negative outlook of the global economic environment, the continued weakness in
  • New BHP Billiton boss cuts down top management tiers

    2013-04-18
    BHP Billiton’s incoming CEO, Andrew Mackenzie’s appointment only comes into effect on 10 May 2013, but he is already making his mark on the mining giant.

    The company announced on Thursday its new senior management team, comprising a batch of new faces and stripping out a layer of the company’s top management. Mckenzie stated that th..
  • Positive progress for Resgen’s Boikarabelo mine

    2013-04-17
    The development of Resource Generation Limited’s (Resgen) 744.8 million tonne coal mine has seen positive progress during the first quarter of 2013.

    Construction activities at the mine, which is located in the Waterberg region of
  • Coal of Africa appoints Meeser as new Financial Director

    2013-04-17
    Coal of Africa Limited (CoAL) has appointed Investec’s Michael Meeser as its new CFO and Financial Director with effect from 1 June 2013.

    Meeser is currently the Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa at Investec Bank, and is a member of the division’s executive co..
  • Losses rise as Northam Platinum strikes continue

    2013-04-17
    Rock drill operators who embarked on an unprotected work stoppage at Northam Platinum Limited’s Zondereinde mine since Tuesday, 2 April 2013 have not yet returned to work. 

    The illegal strike consisting of some 580 rock drill operators, who refuse to work while still reporting for duty, has been ongoing for about two weeks...
  • Newly formed Orca Gold advances African exploration

    2013-04-16
    Following its inception on 4 April 2013, Orca Gold has been working on advancing its mineral properties in Africa. The company was formed through Canaco Resources Inc’s successful acquisition of Shark Minerals Inc.

    The company is currently focused o..
  • China Africa Resources confirms Namibian project estimate

    2013-04-16
    AIM listed China Africa Resources Plc has announced the results of an independent mineral resources estimate for its Berg Aukas zinc-lead-vanadium project in Namibia.

    The results highlighted a JORC Mineral Resource estimate of is 1 264 800 tonnes..
  • FAR Limited secures West African exploration drilling rig

    2013-04-16
    FAR Limited has secured a drilling unit contract for an exploration well on oil blocks off the coast of Senegal, West Africa.

    Cairn Energy Plc, operator of three..
  • Update on the interruption at Northam’s Zondereinde mine

    2013-04-16
    Northam Platinum Limited has informed shareholders that the striking rock drill operators at the company’s Zondereinder mine continue to interrupt production. Management remains engaged with representatives of the National Union of Mineworkers in South Africa in an attempt to resolve this impasse.
  • Kibo Mining and Brazilian major proceed with Tanzanian nickel JV

    2013-04-10
    Kibo Mining Plc has announced that it will further exploration activities on its Haneti nickel project in Tanzania.

    This follows the conclusion of the joint ventur..
  • Predictive Discovery intercepts high grade gold in Burkina Faso

    2013-04-10
    Predictive Discovery Limited has intercepted high grade gold mineralisation at their Bongou gold project in Burkina Faso.

    This follows a successful drilling programme conducted within the project area. The results highlighted mineralisation at de..
  • Possible government ban on gemstone auctions outside of Zambia

    2013-04-10
    The Government of the Republic of Zambia held a press conference in Lusaka on Friday 5 April 2013 where the Minister of Mines, Energy and Water Development announced a restraint on producers from selling emeralds, and in fact all gemstones, outside of Zambia.

    &l..
  • Goldstone Resources enters into a joint venture with Randgold Resources

    2013-04-09
    Goldstone Resources Limited has entered into an agreement with Randgold Resources Limited to form a joint venture in the exploration and potential development of the Sangola gold project in Senegal.

  • Strikes at Gold Fields’ Tarkwa and Damang mines resolved

    2013-04-09
    Gold Fields Limited and the Ghana Mineworkers Union have worked together to reach a solution to the issues that gave rise to miners embarking on an illegal strike on Tuesday 2 April 2013. 

    Gold Fields is pleased to report that its employees returned to work at the
  • Implats seeks approval for specific issue of shares and settlement of convertible bonds

    2013-04-09
    On Friday 15 February 2013, Impala Platinum Holdings Limited announced to shareholders its accelerated bookbuild offerings relating to the company’s US$ and ZAR convertible bonds. The offerings were as follows: Implats would issue 1.0% convertible bonds due in February 2018 in a nominal amount of US$200 million and the company would also issue 5.0% convertible bonds due in February 2018..
  • Golden Rim Resources looking for alternative divestment options for Mali assets

    2013-04-08
    Golden Rim Resources Limited announced today that it has received notice from Sandeep Gold Resources on its inability to make the first payment of US$1.1 million in cash which was due on 5 April 2013. This was to be the first installment on a debt totaling US$ 4.4 million to be paid by Sandeep Gold by 31 December 2013. 

    As ..
  • Anglo American’s new Chief Executive to focus on value creation

    2013-04-08
    Former AngloGold Ashanti CEO Mark Cutifani’s appointment as the new Chief Executive of diversified miner, Anglo American Plc, became effective on 3 April 2013.

    Cutifani indicated in an interview on the first day of his new role that Anglo American’s focus initially, will be the creation of value for its shareholders and all key stak..
  • Firestone Energy urges shareholders to reject Range River Gold’s supplementary bid

    2013-04-08
    On 27 March 2013, Range River Gold Limited submitted a Second Supplementary Bidder’s Statement to Firestone Energy Limited with a proposal of acquiring all ordinary shares in Firestone Energy. Range River wishes to grant 1.25 Range River shares for every 2 Firestone Energy shares.
    <..
  • Production interrupted at Northam Platinum’s Zondereinde mine

    2013-04-08
    Production at Northam Platinum Limited’s Zondereinde mine has been hindered after rock drillers refused to drill while underground. Operations have been on hold since Tuesday, 2 April 2013, and an estimated 3 900 ounces (120kgs) in concentrate production has been lost. In terms of revenue the company estimates R46.2 million has been lost due to this interruption.
    &..
  • Gold Fields suspends Ghanaian operations due to strike

    2013-04-03
    Employees at Gold Fields Limited’s Tarkwa and Damang mines in Ghana have downed tools and embarked on an illegal strike.

    Operations at the company’s gold mines in Ghana
  • Lonmin appoints new CEO

    2013-04-02
    Lonmin Plc has announced the appointment of Ben Magara as the company’s new Chief Executive Officer.

    Mr Magara’s appointment will be effective as of 1 July 2013; he is currently Executive Head of Engineering and Capital Projects at Anglo American Platinum Limited (Anglo Platinum). Mr Magara has held several executive positions withi..
  • Zyl settles legal dispute with Mbila Vendors

    2013-04-02
    Zyl Limited has reached a settlement with regards to all legal disputes with the Mbila Vendors in South Africa.

    This comes after Zyl refused to increase their 30% holding in Mbila to 74% in January this year according to an agreement between the t..
  • African Eagle Dutwa project update and changes to the Board

    2013-04-02
    African Eagle Plc has provided a corporate and project update regarding the Company’s Strategic Partner search for the development of the Dutwa Nickel Laterite Project in Northern Tanzania.

    <..
  • Wesizwe reports R9.7m profit in FY12 results

    2013-03-28
    JSE listed Wesizwe Platinum Limited has released its results for the 2012 financial year ended 31 December 2012.

    Highlighted in the results was the $650 million funding secured from the China Development Bank, to fund its flagship Bakubung platinum m..
  • Balamara in final stages of selection process for Togo phosphate project bid

    2013-03-26
    Balamara Resources Limited has received an invitation from the Togo Ministry of Mining and Energy to attend a meeting which is believed to be one of the final steps to being awarded the phosphate project. 

    The ASX listed company complete..
  • Wits Gold provisional audited results for 2012

    2013-03-26
    Witwatersrand Consolidated Gold Resources Limited has released financial and operational reviews of the year ended 31 December 2012.

    Wits Gold’s operational review highlights the company’s continued focus on exploration efforts in the southern Free State goldfield. In November 2012 the company was granted the transfer of ownership o..
  • Avocet Mining secures funding for growth projects

    2013-03-26
    Avocet Mining Plc has concluded financing discussions with Macquarie Bank and the company’s largest shareholder Elliot Management, which holds a 27% interest.

    The company managed to secure financing to fund its 2013 activities at its key growth projects in
  • Botswana Diamonds operations update following interim release

    2013-03-26
    Botswana Diamonds Plc has released their interim results for the six months ended 31 Dec 2012. 
    Accompanying the statement was the Chairman’s statement which highlighted the company’s activities during that period. 

    The company’s focus has been its operations in
  • Significant resource increase for Amara’s West African project

    2013-03-26
    The West African focused gold miner, Amara Mining Plc, has reported positive results following a recent drilling programme at its Yaoure gold project in Côte d'Ivoire.

    The results delineated a 1.7 million ounce mineral resource in the Inferred c..
  • Strikes at Exxaro Resources come to an end

    2013-03-25
    JSE listed Exxaro Resources Limited reported on Saturday that they have reached an agreement with the National Union of Mineworkers (NUM) to end a two week strike across the company’s operations.

    The workers at the Matla, Arnot, Grootegeluk, Leeuwpan, Inyanda and Reductants
  • Callabonna to acquire exploration permits in Morocco for prospective manganese

    2013-03-25
    Callabonna Resources Limited has signed a binding, conditional sale agreement to buy up to 100% of the shares in Hong Kong Company Element Morocco Limited whose subsidiary has an interest in certain Moroccan permits prospective for manganese. The subsidiary, namely Element Commodities Morocco SA (“ECMSA”) has an exploration agreement with the Moroccan National Organisation for Hydrocarb..
  • Ikwezi Mining receives Integrated Water Use License

    2013-03-25
    The Department of Water Affairs in South Africa has granted Ikwezi Mining Limited the Integrated Water Use License required by the company for its Ntendeka Colliery wash plant. The license cements the regulatory framework regarding the construction of water supply systems to the Ntendeka Colliery wash plant; it also serves as a prerequisite for mining in
  • Rockwell Diamonds completes acquisition of Jasper mine

    2013-03-22
    Rockwell Diamonds Incorporated has announced the completion of the acquisition of the Jasper mine in Middle Orange River, South Africa.

    Following approval of Rockwell Dia..
  • Underground sit-in at Palabora mine resolved

    2013-03-22
    The unlawful sit-in at Palabora Mining Company Limited’s underground mine came to an end at midnight on Wednesday, 20 March 2013. The strike lasted seven days and involved miners underground as well as at the shafts on the surface. The Company has been consistently concerned about the health and safety of their workers and insisted all miners be checked by the local clinic before they w..
  • Gondwana Gold completes Pan African Oil acquisition

    2013-03-20
    Canadian based explorer, Gondwana Gold Inc, announced the completion of the acquisition of all the outstanding shares of Pan African Oil Limited.

    The transaction has constituted a change of business, making the company a Tier 2 oil and gas issuer in terms of the TSX Venture Exchange. The company will take over Pan African Oil’s 72% ..
  • Lucara Diamond’s Karowe mine delivers a 239 carat diamond

    2013-03-20
    Lucara Diamond Corp has reported successful recoveries of three high value diamonds, including a 239 carat diamond, discovered at the company’s Karowe mine. The additional large stones recovered weighed 124.0 and 17.1 carats respectively.

    The Karowe diamond
  • Aureus Mining in talks with Nedbank and RMB over US$ 108 million loan

    2013-03-20
    Aureus Mining Inc has approached Nedbank and RMB to assist in arranging a Project Debt Finance Facility to the tune of US$100 million accompanied by a Cost Overrun Facility of up to US$8 million.

     Both banks have knowledge and experience in the mining finance field and will approach the Export Credit insurance Corporation o..
  • Botswana Diamonds signs agreement for Mozambique diamond exploration

    2013-03-20
    Botswana Diamonds Plc has entered into an agreement with Mozambican company, Morminas, to conduct preliminary exploration along the Save River in Mozambique.

    The river, which lies close to the Zimbabwean border, runs south-eastward into Mozambique and drains an area of
  • Excalibur Mining Corporation acquires Buffalo Group Management

    2013-03-19
    Excalibur Mining Corporation Limited has exercised an option agreement to obtain 100% of Buffalo Group Management Ltd. 

    Buffalo Group Management holds the right to an 80% interest in a 710km² Buffalo gold project in
  • Underground sit-in at Palabora Mining Company’s operations

    2013-03-19
    A group of 71 of Palabora Mining Company Limited’s employees have persisted with an underground sit-in following strike action by mining operations crews on 13 March 2013. 

    The group is being support by fellow striking miners on the surface. The company is concerned about the group’s health and safety and is working togethe..
  • Resgen considers alternative options to fund Boikarabelo mine

    2013-03-19
    Resource Generation Limited has expressed its intention of finding alternative sources to fund its AU$530 million Boikarabelo coal project.

    This comes after the company received credit approvals from its mandated credit providers that included commer..
  • AngloGold Ashanti suffers losses after power outage

    2013-03-18
    A transformer was damaged after lightning struck and started a fire at one of Eskom’s main regional substations. The damage caused a complete power cut to AngloGold Ashanti’s two major gold operations in West Witwatersrand, &l..
  • Village Main Reef enters funding agreement with Continental Coal

    2013-03-18
    Village Main Reef Limited has entered into a binding funding agreement with Continental Coal Limited, a South African thermal coal production, development and exploration company, listed on the ASX and AIM, pursuant to which:

  • Gold Fields confirms probe into empowerment transactions

    2013-03-15
    Gold miner Gold Fields Limited confirmed on Wednesday 13 March 2013 an ongoing independent investigation surrounding its Black Economic Empowerment deals.

    The company�s Social and Ethics Committee in December 2012 engaged the services of international law firm; Paul, Weiss, Rifkind, Wharton & Garrison, LLP (Paul Weiss), to..
  • Gem Diamonds reports record carat production for FY12

    2013-03-13
    Gem Diamonds Limited reported a strong operational performance for its 2012 financial year, achieving a second successive record carat production at its Letseng diamond mine in Lesotho.

    Letseng produced 114 350 carats during the year, up 2% from 2011..
  • Ferrum Crescent releases interim results for FY12

    2013-03-13
    Ferrum Crescent Limited has announced its interim results for the six months ended 31 December 2012.

    The interim results highlighted an update in the JORC resource for its Moonlight iron project in South Africa's Limpopo province. The company also secured New Order Mini..
  • Trans Hex gets green light for Namaqualand acquisition

    2013-03-12
    The Department of Mineral Resources has approved the transfer of prospecting and mining rights for Namaqualand Mines to Trans Hex Group Limited’s Joint Venture partner, Emerald Panther Investments 78 (Pty) Ltd.

    This follows the proposed transaction with De Beers Consolidated Mines Limited, in respect of the acquisition of the Namaqu..
  • Tawana discovers significant iron mineralisation in Liberia

    2013-03-12
    ASX and JSE listed Tawana Resources Limited has discovered significant iron mineralisation at its Mofe Creek project in the West African country of Liberia.

    This follows a drilling programme covering 3km of the 65km strike targeted for exploratio..
  • Lonmin granted Pandora JV mining right

    2013-03-12
    The Department of Mineral Resources has granted the conversion of an old order mining right to a new order mining right at Lonmin Plc’s Pandora Joint Venture. 

    The Pandora Joint Venture is located in South Africa’s
  • Kibaran Resources identifies new exploration target in Tanzania

    2013-03-12
    Independent geological consulting group CSA Global (Pty) Ltd, have identified a new exploration target at Kibaran Resources Limited’s Epanko project in Tanzania.

    A sizeable exploration target of between 60 and 110 million tonnes of graphitic schis..
  • DMR grants Roodekop mining right to Universal Coal

    2013-03-12
    The Department of Mineral Resources has granted a mining right over Universal Coal Plc’s 74% owned Roodekop thermal coal project.

    The Roodekop project is located on the southern margin of the Witbank coalfield in
  • Kibo Mining’s energy project gets support from Tanzanian government

    2013-03-11
    Kibo Mining Plc has received a formal letter from the Tanzanian Ministry of Energy and Minerals expressing their support for the company’s Rukwa coal to power project.

    Following an initial assessment of the project, the ministry will include the proj..
  • Kaboko Mining completes funding for development of Zambian projects

    2013-03-11
    Kaboko Mining Limited has announced the completion of the final tranche of the $10 million Prepayment Debt facility and long term off-take agreement with Noble Resources International Pte Ltd.

    The company received the remaining $3 million of the $4.5 million tranche of the financing facility, following the successful completion of d..
  • Continental Coal completes VanMag sale, acquires Mashala Resources

    2013-03-11
    South African based thermal coal production company, Continental Coal Limited, has completed the sale of its interests in Vanadium and Magnetite Exploration and Development Co (SA) (Pty) Ltd.

    The proceeds from the sale which amounted to approximately $10 million will be used to purchase all the outstanding minority interest in Masha..
  • ARMZ set to acquire Canada’s Uranium One Inc.

    2013-03-08
    Uranium One Inc. has received approval from its shareholders with regards to the proposed acquisition by JSC Atomredmetzoloto (ARMZ) of all Uranium One’s shares.

    ARMZ currently owns approximately 51% of the shares in Uranium One, and is seeking to acquire the remainder of the company’s common shares.  A special meeting was ..
  • Exxaro reports a 33% drop in earnings

    2013-03-07
    South African based diversified miner, Exxaro Resources Limited, has reported a 33% drop in its headline earnings for FY12.

    The company’s earnings were affected by challenging coal trading conditions as well as lower export sales volumes throughout t..
  • Zimbabwe government seeks to acquire 50% of Zimplats

    2013-03-05
    Impala Platinum Limited has advised shareholders that the Zimbabwe government has expressed its intention to compulsorily acquire 27 948 hectares of mining claims. The claims are owned by the company’s subsidiary group Zimbabwe Platinum Mines (Pty) Ltd.

    <..
  • Palabora Mining announces incidents that may affect production

    2013-03-05
    Palabora Mining Limited has announced that several incidents may affect the company’s production.

    A south winder bearing hub bolt sheered on 13 February 2013 causing a reduction in ore hoisting to 50% of normal rates. The south winder was brought back into production on 24 February 2013.

    &..
  • Goldplat interim results, 13% increase in profit

    2013-03-05
    Goldplat Plc has announced its interim results for the period ended 31 December 2012. The company’s performance has been driven by gold recovery operations in South Africa and Ghana, and includes a 13% in..
  • IMX Resources makes significant nickel intersections

    2013-03-04
    IMX Resources Limited has recently announced that it has made significant new nickel intersections from the drilling campaign at the Ntaka Hill nickel sulphide project in Tanzania. The programme was completed in November 2012.

    Highlights include t..
  • Gold One’s FY12 output soars following strategic acquisitions

    2013-03-01
    ASX and JSE listed Gold One International Limited reported on Thursday, results for the financial year ended 31 December 2012.

    The company reported a 96% increase in its FY12 production to 241 755 ounces of gold compared to the 123 179 ounces produce..
  • Wayne Norris resigns as Noble Mineral Resources’ Managing Director

    2013-02-28
    Noble Mineral Resources Limited has announced that further to the announcement regarding Board restructuring, Wayne Norris, a founding member of the company has resigned as Managing Director.

    The ASX listed company is currently searching for a su..
  • CEO of Pan African Resources resigns

    2013-02-28
    Pan African Resources Plc has announced the resignation of CEO Jan Nelson which will take effect from 1 March 2013.

    Mr Nelson has been instrumental in transforming Pan African Resources from the exploration phase to a
  • Glencore CEO critical of recently departed counterparts

    2013-02-27
    Glencore International Plc’s Ivan Glasenberg, the only remaining CEO of mining’s big four has criticised his peers in a presentation to investors. 

    Glasenberg said of Cynthia Carroll (Anglo American Plc), Tom Albanese (Rio Tinto Plc) and Marius Kloppers (BHP Billiton Plc) “The big guys really screwed up.” 
  • Operations partially resumed at Sibanye Gold’s Beatrix mine

    2013-02-26
    Production partially resumed on Monday at Sibanye Gold Limited’s Beatrix Shaft 4 mine after operations were halted on Wednesday, 20 February 2013. 

    This was due to a fire that broke out at the mine, affecting a significant part of the Beatrix Shaft 4 in
  • African Rainbow Minerals maintains positive cash flow

    2013-02-26
    African Rainbow Minerals Limited has announced its interim results for the six months ended 31 December 2012.

    The company maintained a positive financial position with net cash of R630 million, after capital expenditure. However headline earning decreased by 30% to R1.4 billion after decreases in the price of iron ore and inflation ..
  • Petra Diamonds produces a 63% increase in revenue

    2013-02-26
    Petra Diamonds Limited has announced its unaudited interim results for the six month period ended 31 December 2012.

    Highlights include a 63% increase in revenue to US$151.7 million while profit from mining activity increased by 26% to US$41.2 million. In addition production has increased by 31% to 1 247 522 carats. 
  • Mwana announces a 30% increase in gold resource

    2013-02-26
    Mwana Africa Plc has provided a resource update for its Zani-Kodo project located in the Ituri region of the Democratic Republic of Congo.

    Highlights include a total combined JORC compliant
  • African Barrick appoints new Chairman

    2013-02-26
    Kelvin Dushnisky has been appointed as African Barrick Gold Plc’s Chairman with immediate effect.

    The appointment comes after Acting Chairman Derek Pannell, announced his resignation in order to pursue other commitments. Mr Dushnisky has over 25 years of experience in ranging roles across the mining industry and has been part of the..
  • Strategic Natural Resources changes to the board

    2013-02-26
    AIM listed Strategic Natural Resources Plc has made several changes to its Board of Directors. The changes come after the company’s subsidiary, Elitheni Coal (Pty) Ltd, commenced mining and processing activities at is coal mine in
  • Jubilee progresses acquisition of Platinum Australia

    2013-02-25
    Jubilee Platinum Limited has announced that it has executed the Implementation Deep as well as supporting transactional documents for the acquisition of Platinum Australia Limited

    If the scheme is implemented
  • Robert Shepherd appointed as Rialto Energy’s Managing Director

    2013-02-25
    Rialto Energy Limited has announced that Robert Shepherd has been appointed as the company’s Managing Director; Shepherd is currently Interim CEO.

    In addition, the company’s Chairman Bruce Burrows has advised that he intends to retire during the course of March 2013. 

    B..
  • AngloGold Ashanti produces second highest earnings to date

    2013-02-21
    Despite an unprotected strike and safety stoppages disrupting operations, AngloGold Ashanti Limited has announced headline earnings of US$924 million. 

    Geita, the company’s gold mine in
  • PMI Gold and Keegan Resources call off merger arrangement

    2013-02-20
    PMI Gold Corporation and Keegan Resources Inc have announced that they have terminated the current merger arrangement which was entered into on 5 December 2012. The decision follows the mutual determination of the companies that it is unlikely that PMI Gold�s shareholders will approve the transaction.

  • BHP Billiton CEO resigns as profits drop

    2013-02-20
    BHP Billiton Plc’s CEO Marius Kloppers has announced his resignation following the release of the company’s half year results. Included in the results for the 6 month period ended December 2012 was an attributable profit decrease of 58% to US$4.2 billion.

    The resignation will come into effect from 1 October 2013, at which point Andr..
  • Continental Coal gives an update on its VanMag transaction

    2013-02-19
    Continental Coal Limited has recently released an update on its shareholding in Vanadium and Magnetite Exploration and Development Co (SA) (Pty) Ltd.

    Continental Coal has received confirmation that approximately $3 million of the $10 million proce..
  • Anglo American Platinum employees shot with rubber bullets

    2013-02-19
    Anglo American Platinum Limited has announced that nine employees were injured when rubber bullets were fired by Anglo American Security personnel.

    The incident occurred as a result of the workers committee members contesting NUM’s legitimacy and demanding that NUM vacate its offices. In addition, a total of three security personnel..
  • African Rainbow Minerals trading statement

    2013-02-19
    African Rainbow Minerals Limited has stated that in respect of the period ended 31 December 2012 the company expects its headline earnings to decrease to between 630 cents and 675 cents per share. This is despite improved performances at the Nkomati nickel mine in
  • Pan African Resources completes acquisition of Evander Gold Mines Limited

    2013-02-18
    Pan African Resources Plc has announced that the last remaining condition precedent to the acquisition of Harmony Gold Mining Limited’s subsidiary Evander Gold Mines Limited has been fulfilled. The transaction regarding the South Africa based
  • Forbes cancels Riversdale acquisition agreement

    2013-02-18
    Forbes and Manhattan Coal Corporation have advised that subsequent to entering into an agreement with Riversdale Mining Limited, it has cancelled the acquisition of Riversdale Holdings (Pty) Ltd. Riversdale Holdings (Pty) Ltd, is a 74% shareholder of the Zululand Anthracite Colliery in South Africa.&l..
  • De Beers to inject R20 billion into SA’s largest diamond mine

    2013-02-16
    The world’s leading diamond company, the De Beers Group of Companies, has announced an investment of approximately R20 billion into extending the life of South Africa’s largest diamond mine.
  • Implats issues R1, 775 billion convertible bonds for Rustenburg operations

    2013-02-15
    Impala Platinum Holdings Limited (“Implats”) has announced that it will be issuing R 1, 775 billion senior unsecured bonds due in 2018. The bonds will be issued at par, and will be offered to institutional investors only. They are expected to carry a coupon of between 5% and 5.5%.

    The offering is subject to approval by Implats share..
  • MDN to carry on operations despite mine shutdown

    2013-02-15
    The Taluwaka gold mine in which MDN Inc has a 30% participating interest, will not continue operating beyond 2013 according to the mine’s operator, African Barrick Gold Plc.

    African Barrick Gold who have successfully extended the life of the mine, located in
  • Hana gets green light from Botswana Competition Authority

    2013-02-15
    The Botswana Competition Commission has given its approval for the proposed acquisition of Hana Mining Limited by Cupric Canyon Capital.

    Cupric Canyon Capital is a private equity firm backed by Barclays Capital that specialises in acquiring and adding value to..
  • Regalpoint Resources acquires East African Gold Limited

    2013-02-14
    Regalpoint Resources Limited has announced that it has entered into an agreement to acquire East African Gold Limited which holds a 100% interest in the Karamoja gold project in Uganda. 

    The Karamoja gold project consists of 26 exploration l..
  • Mwana commences hot commissioning at its Trojan Mine

    2013-02-13
    Mwana Africa Plc has announced the successful completion of the refurbishment programme on its Trojan Nickel Mine in Zimbabwe.

    The four month programme has been successfully delivered on time and within budget. Development activities on both the s..
  • Sibanye Gold begins trading on the JSE

    2013-02-12
    Sibanye Gold Limited has commenced trading on the Johannesburg Stock Exchange under the share code SGL with an opening share price of R14.00.

    The company was previously a 100% owned subsidiary of Gold Fields Limited operating under the name GFI Mining South Africa (Pty) Ltd. Sibanye Gold Limited has three gold mining operations in S..
  • Beacon Hill receives 0.5Mt railway capacity allocation

    2013-02-12
    Minas Moatize Limitada a subsidiary of Beacon Hill Resources Plc, has received a capacity allocation of 0.5 million tonnes per annum. This allocation is for the transport of coking coal from its Minas Moatize mine in Mozambique.

    The company entered i..
  • DRDGOLD’s interim profit up 37%

    2013-02-12
    DRDGOLD Limited has released their interim results for the quarter and six months ended 31 December 2012.

    Operating profit was up 37% to R238.7 million from the previous period, owing to a 9% increase in gold production up to 39 031 ounces. Gold reve..
  • Kumba reports positive FY12 results

    2013-02-12
    Kumba Iron Ore Limited released their results for the 2012 financial year ended 31 December 2012.

    The iron producer reported a record group production of 43.1 million tonnes, up 4% from the previous financial year. The increase in production was attr..
  • Harmony’s Kusasalethu mine remains closed

    2013-02-11
    Harmony Gold Mining Limited has announced that discussions held on 6 and 7 February 2013 between Harmony and its Kusalethu employees will continue today, 11 February 2013. 

    The employees were represented by the National Association of Mineworkers (NUM), Solidarity and UASA. The draft agreement containing the conditions unde..
  • Implats expects up to 79% decrease in interim earnings

    2013-02-11
    Impala Platinum Holdings Limited has announced that interim basic headline earnings per share are expected to be between 120 and 138 cents. These respective figures are 76% and 79% lower compared to the previous financial period which was above 570 cents.

    The company attributed the decreases to a decline in market-to-mine throughput..
  • Bauba Platinum Limited appoints new CEO

    2013-02-11
    In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Bauba (“the Board”) hereby notifies its shareholders that Mr Sydney John Maurice Caddy (“Syd”) has been appointed as the Chief Executive Officer of the Company with effect from 13 February 2013.

    Syd has more than 40 years’ of Sou..
  • Positive results from Equatorial Resources’ Congo project

    2013-02-07
    Equatorial Resources has announced the results for its Mayoko-Moussondji iron project in the Republic of Congo.

    Higlights include a 767 million tonne at a grade of 31.9% iron mineral resource estimate. This comprised of an indicated and inferred ..
  • Golden Rim completes maiden mineral resource estimate

    2013-02-07
    Golden Rim Resources Limited has announced that it has completed maiden mineral resource estimates and has received preliminary scoping study estimates on the Netiana Lodes prospect at the Balongo project, in Burkina Faso.
     
    Highlights include an i..
  • Gold Fields set to unbundle Sibanye Gold shares

    2013-02-06
    JSE listed Gold Fields Limited has announced that the issued share capital of each of Gold Fields and Sibanye Gold is 731 648 614.

    The Gold Fields subsidiary unbundled from its KDC and Beatrix gold mines in
  • Mwana increases nickel resource in Zimbabwe by 152%

    2013-02-06
    Bindura Nickel Corporation, a subsidiary of Mwana Africa Plc, has had a 152% increase in the nickel resource at its Trojan mine in Zimbabwe.
     
    The total nickel resou..
  • Significant sulphur mineralisation intersected at Amara’s Yaoure project

    2013-02-06
    TSX and AIM listed Amara Mining Plc, has intercepted significant sulphur mineralisation following ongoing drilling activities at its Yaoure project in 
  • Progress in sale of First Uranium Corporation

    2013-02-05
    First Uranium Corporation has announced that it has received US$5million, being the balance of the US$70 million sale proceeds following the sale of First Uranium Limited which owns the shares of Ezulwini Mining Company (Pty) Ltd.

    First Uranium has ..
  • Harmony declares dividend after a 16% increase in profit

    2013-02-05
    Harmony Gold Mining Company Limited has declared a dividend of R0.50 per share following a 16% increase in operating profit to R 1.6 billion. The company recorded a 28% increase in headline earnings per share for the quarter ended 31 December 2013. 

    Production decreased by 9% due to unprotected strikes and labour disruption..
  • Amplats’ profit falls 180% as it reports a R6.3 billion loss

    2013-02-05
    Anglo American Platinum (Amplats) reported a R6.3 billion loss for the 2012 financial year. This represents a 180% drop in profit from the R7.9 billion recorded in 2011.

    The company cited the illegal strikes, continued high levels of inflation and lower platin..
  • Coal of Africa receives approval for a US$80.0 million Conditional Placement

    2013-02-01
    Coal of Africa Limited has received approval from the Australian Foreign Investment Review Board, the authorities in the People’s Republic of China and shareholders for the Conditional Placement from Haohua Energy International (Hong Kong) Co. Limited (HEI).

    The placement of US$80.0 million was approved at the Extraordinary General ..
  • Gold Fields ranks 3rd on the Dow Jones sustainability index in the mining sector

    2013-01-31
    Gold Fields Limited has taken 3rd position in the mining sector of the 2012 Dow Jones Sustainability Index up 1 position from 2011, this is the most recognised measure of sustainable performance of listed companies globally.

    The accolade reflects that Gold Fields’ sustainability practices rank amongst the best resource companies in ..
  • B2Gold Corp. completes merger with CGA Mining Limited

    2013-01-31
    B2Gold Corp. has announced the successful completion of the scheme arrangement whereby the company has acquired all of the issued ordinary shares of CGA Mining Limited.
     
    CGA’s shares ceased trading and were delisted from the Toronto Stock Exchange on 18 January 2013. The shares trading on the
  • Boss Resources discovers gold intercepts at Gourma prospect

    2013-01-30
    Boss Resources Limited has announced that significant gold intercepts have been made at its Gariaga prospect which forms part of its Gourma gold project in Burkina Faso.

    <..
  • Aquarius reports 2% increase in Q2 2013 platinum production

    2013-01-30
    Platinum group metals producer Aquarius Platinum Limited has reported an overall positive increase in its platinum production across operating mines.

    The production report for the second quarter of their 2013 financial year ended 31 December 2012, showed a 2% increase in
  • Positive progress at Mwana’s gold tailings retreatment project

    2013-01-29
    Mwana Africa Plc has reported positive progress on the evaluation of the economic potential of its tailings storage facilities at the Freda Rebecca gold mine.

    The mine, which is located in
  • Aureus’ Liberia project reveals high gold recovery potential

    2013-01-29
    A Metallurgical optimisation programme conducted on Aureus’ New Liberty project has confirmed the project’s high rate of gold recovery.

    According to the results, the project which is located in
  • Resource upgrade for Beacon’s Mozambique coal mine

    2013-01-29
    Beacon Hill Resources has reported a 31% upgrade in its JORC resource for its Minas Moatize coking coal mine in Mozambique’s Tete Province.

    A drilling programme conducted during 2012 has resulted in an increase in resources from 66.4 million tonnes t..
  • Goliath Gold appoints new CEO and Chairman retires

    2013-01-28
    Dr Richard Stewart has formally been appointed as Chief Executive Officer of Goliath Gold Mining Limited. Dr Stewart had been appointed as acting CEO in November 2012, following the resignation of Neal Froneman as the company’s CEO.

    In addition, Goliath’s Chair Mark Wheatley announced his retirement from the board which will take pl..
  • Positive progress towards Resgen’s Boikarabelo project development

    2013-01-28
    The ASX and JSE listed Resource Generation Limited, reported on Friday their quarterly activities for the quarter ending 31 December 2012.

    The company is currently developing the Boikarabelo coal mine which is located in the Waterberg region of
  • Anglo reports mixed production results for Q4 2012

    2013-01-28
    Multi-commodity miner Anglo American Plc, reported on Friday mixed results for the fourth quarter ended 31 December 2012.

    The company reported solid increases in production in its coal,
  • Gold Rush at Rumble Resource’s Burkina Faso project

    2013-01-24
    ASX listed Rumble Resources Limited has discovered a major artisanal mining site on its Bompela permit area in Burkina Faso.

    The permit area that forms part of its Derosa joint venture with
  • Conitnental Coal: South African Colliery exceeds budgeted production

    2013-01-24
    ASX and AIM listed Continental Coal Limited reported high run-of-mine production at the Ferreira coal mine in South Africa.

    Total run-of-mine production amounted to 152 280 tonnes of
  • Cyril Ramaphosa steps down from the Lonmin board

    2013-01-24
    Newly elected Deputy President of South Africa’s ruling party, the African National Congress, Cyril Ramaphosa has stepped down from Lonmin Plc’s Board of Directors.

    Mr. Ramaphosa indicated that he will not be standing for re-election as Non-Executive Director at the company’s Annual General Meeting, which is set to be held on 31 Jan..
  • Mali miners on the alert

    2013-01-24
    Foreign mining companies with operations in Mali are monitoring the ongoing violence in the north of the country.

    Randgold Resources Limited is the country’s largest investor with three
  • Flooding affects Coal of Africa’s Vele colliery

    2013-01-22
    Coal of Africa Limited has been forced to halt operations at its Vele colliery in South Africa’s Limpopo Province due to heavy rains that caused flooding during the weekend.

    The extreme weather conditions were experienced throughout the Limpopo, Mpumalanga and Kwa-Zulu Natal Provinces of
  • CCMA facilitates discussions at Harmony’s Kusasalethu mine

    2013-01-22
    Harmony Gold Mining Company, South Africa’s third largest gold producer, reported on Friday 18 January that they have engaged in discussions with unions in regard to its Kusasalethu operations.

    The discussions were facilitated by a member of the Commission for Conciliation, Mediation and Arbitration (CCMA) with regards to the compan..
  • South Africa becomes China’s third largest supplier of iron ore

    2013-01-21
    South Africa has surpassed India as the third largest supplier of iron ore to China, the world’s largest iron ore consumer. South Africa supplied 40.6 million tonnes of iron ore to China, a 12% year on year increase fr..
  • Glencore/Xstrata merger finalisation date extended

    2013-01-21
    Glencore and Xstrata announced the second extension of the finalisation date for the proposed merger, on Friday 18 January 2013.

    The merger, which is currently valued at $33 billion, is set to be the biggest deal in the mining industry. The finalisation deadline which was moved from 31 December 2012 to 31 January 2013 has now been s..
  • Amplats and the DMR hold constructive discussions over restructure

    2013-01-21
    A meeting was held between Anglo American Platinum (Amplats) and the Department of Mineral Resources (DMR) on Thursday 17 January 2013. Minister of Mineral Resources, Ms Susan Shabangu, and Amplats’ CEO Chris Griffiths were locked in discussions on how to constructively proceed with regards to Amplats’ proposed restructuring plan.

    T..
  • Chinese bank approves Wesizwe’s $650m loan for platinum project

    2013-01-20
    The China Development Bank has approved a $650 million loan to JSE listed Wesizwe Platinum Limited, for the advancement of their Bakubung platinum project.
     
    The project, which is located in the Western Limb of South Africa’s
  • Record annual production achieved for Caledonia’s Blanket mine

    2013-01-17
    Results for the fourth quarter of Caledonia Mining Corporation’s 2012 financial year have confirmed record production for the company’s Blanket gold mine in Zimbabwe.

  • Rio Tinto to recognise $14 billion in impairments for 2012

    2013-01-17
    Multinational mining giant Rio Tinto Plc is set to recognise approximately $14 billion in impairments on under-performing assets for the 2012 financial year.

    Included in this amount is the mining group’s recently acquired Rio Tinto Coal Mozambique, which is expected to contribute about $3 billion to the impairment figure. The Mozamb..
  • Mozambique to grant Triton remaining exploration licenses

    2013-01-16
    Triton Gold Limited’s graphite project in Mozambique is progressing smoothly as the last three exploration licenses are expected to be granted within the coming weeks.

    The ASX listed explorer now holds a 49% interest in the Joint Venture with Gra..
  • Global Petroleum searches for prospective partners in Namibia

    2013-01-16
    AIM and TSX listed Global Petroleum Limited announced on Monday that a data room has been opened for selected prospective partners. 

    The oil and gas explorer holds an 85% interest in a Petroleum Exploration license in Namibia ..
  • Pan African’s rights offer over subscribed by 175%

    2013-01-15
    AIM and JSE listed Pan African Resources Plc’s has announced the successful completion of its ZAR 703 million rights offer.

    The offer, which closed on Friday 11 January 2013 constituted 370 031 902 new ordinary shares at a price of ZAR1.90 or 14 pence per share. The company received an overwhelming response when a total o..
  • Amplats concludes business review plans for platinum operations

    2013-01-15
    Anglo American Platinum (Amplats), a subsidiary of Anglo American Plc, has concluded the review of its business as announced during February 2012.

    This comes as a result of the company’s revised expectations for growth in the demand for platinum and ..
  • Village Main Reef: Production results

    2013-01-15
    Village Main Reef Limited has announced production results for the second quarter ended 31 December 2012 of 49,111oz of gold and 1,255t of antimony. Gold production for the quarter was 20% (or 12,207oz) lower than the record gold production achieved during the September quarter largely as a result of the..
  • Zimplats: Indigenisation implementation plan

    2013-01-14
    Zimplats Holdings Limited an 87% held subsidiary of Impala Platinum Holdings Limited has announced the conclusion of a non-binding term sheet in respect of a proposed indigenisation implementation plan with the Government of Zimbabwe.

    The term she..
  • Tawana Resources: Drilling to commence at Mofe Creek

    2013-01-14
    Tawana Resources NL has announced plans to commence drilling at the Mofe Creek iron project in Liberia during January 2013. The company was granted the Mofe Creek mineral exploration license by the Ministry of Lands, Mines and Energy at the end of 2012.

    <..
  • Lucara: Karowe delivers more rare blue diamonds

    2013-01-09
    Lucara Diamond Corp. has recovered two additional rare blue diamonds from its Karowe mine Botwsana. 

    This follows the recent recovery of a 9.46 carat blue diamond from the Botswana mine, which sold for USD 4.515 million. The company is c..
  • Harmony Gold: Kusasalethu to remain closed

    2013-01-08
    Harmony Gold Mining Company Limited has announced that the Kusasalethu mine will remain close until safe operations and profit become viable.

    Following the negative impact on financial and operating performance caused by illegal strike action at the mine during December 2012 the company has decided to keep the mine closed until it i..
  • Anglo American: Appointment of a new CEO

    2013-01-08
    Anglo American Plc has announced the appointment of Mark Cutifani as CEO of the company, effective from 3 April 2013.

    Mark Cutifani is the current CEO of AngloGold Ashanti Limited and will remain in this role until 31 March 2013 when his resignati..
  • Apollo Consolidated: Exploration license

    2013-01-07
    Apollo Consolidated Limited has announced that the company’s joint venture partner Geoservices Cote d’Ivoire has been awarded an exploration license. The Seguela gold project license in Cote d’Ivoire was awarded by th..
  • Pura Vida: Farmout agreement

    2013-01-03
    Pura Vida Energy NL has secured funding for the Mazagan oil permit off the coast of Morocco through a farmout agreement. The agreement with Plains Exploration & Production Company (PEP) will provide funds of up to US$215 million and PEP will take 52% ownership of the Mazagan permit as well as responsibility for operations.

    F..
  • Rockwell Diamonds: Q3 diamond sales

    2013-01-02
    Rockwell Diamonds Incorporated has announced a 23% increase in revenue from diamond sales compared to the previous year. Proceeds from sales totalled US$7.4 million compared to US$6.0 million in the year prior and US$ 6.8 million for the second quarter. 4 043 carats were sold at average price of US$1 821 per carat, this number was 25% lower than the quantity sold in the previous year; h..
  • Sundance Resources: Mining permit approved

    2013-01-02
    Sundance Resources Limited has announced that the Nabeba mining permit has been approved by the Ministerial Council of the Republic of Congo

    Nabeba forms part of the company’s Mbalam-Nabeba
  • Bellzone: First shipment of iron ore

    2013-01-02
    Bellzone Mining Plc has announced the company’s first iron ore shipment from the Forecariah joint venture in Guinea.

    The iron ore project is a 50% joint venture between Bellzone and the China International Fund Limited. The shipment was made from Gui..
  • African Consolidated Resources: Interim results

    2013-01-02
    African Consolidated Resources plc has announced its results for the six months ended 30 September 2012.

    Project highlights include an upgrade in the JORC Resource at the Pickstone-Peerless gold project in
  • Village Main Reef: Share repurchase programme

    2013-01-02
    Shareholders are advised that Village Main Reef has entered into a share repurchase programme to repurchase ordinary shares. The repurchase programme will extend from 28 December 2012 to the date of release by Village Main Reef of its quarterly and interim financial results for the 3 month and 6 month ..
  • Lonmin: Resignation of CEO

    2013-01-02
    Lonmin Plc’s CEO Ian Farmer has requested to step down as CEO and as a Director of Lonmin with immediate effect, following ongoing treatment of a serious illness. 

    The board has agreed the resignation and the company’s chairman commented, "We will greatly miss Ian’s ability, commitment and drive which he has devoted to..
  • Randgold Resources: Fire at Tongon

    2012-12-28
    Randgold Resources has announced that production at its Tongon gold mine have been affected by a fire in the mill section.

    The fire at the Côte d’Ivoire based gold
  • Sesa Goa: Liberia acquisition

    2012-12-28
    Sesa Goa Limited has acquired the remaining 49% of common shares in Western Cluster Limited from Elenilto Minerals & Mining LLC. The purchase was made for a cash consideration of US$33.5 million following this transaction the company owns 100% of Liberia based Western Cluster Limited.
  • Pathfinder: Claim received from Maputo Court

    2012-12-28
    Pathfinder Minerals Plc has received a claim issued in the Commercial Division of the Maputo Court against the Company and its subsidiary, IM Minerals Limited. The claim was lodged by General Veloso and his company JV Consultores Internacionais Limitada and Diogo Cavaco. 
     
    The company considers the claim to be incorrect beca..
  • Hana Mining: Strong copper and silver mineralisation

    2012-12-27
    Hana Mining Limited has reported positive drill results for 2012 from the Ghanzi copper-silver project in Botswana. Results include 5.18% CuEq, 3.56% CuEq and 3.67% CuEq from the Northeast Fold and High-Grade Consistency from Zone 5.

    During the y..
  • Discovery Metals resumes Botswana operations

    2012-12-27
    Discovery Metals Limited has resumed normal operations at their Boseto copper project in Botswana. This comes after the Botswana Department of Mines, Minerals, Energy and Water Resources lifted the temporary restrictions on deepening the Zeta open pit after the company conducted a geotechnical report..
  • ANC rejects call for nationalisation of South African mines

    2012-12-27
    The ANC, South Africa’s ruling political party, has announced that discussions surrounding nationalisation of South African mines are “off the table”. Public Enterprise Minister Malusi Gigaba confirmed following the ANC elective conference in Mangaung. The Chamber of Mines welcomed the decision stating that “Wholesale nationalisation is not a reasonable or sustainable option” as it crea..
  • Tawana receives mineral exploration license for Mofe Creek

    2012-12-27
    Tawana Resources NL has been granted a mineral exploration license by the Ministry of Lands, Mines and Energy in Liberia. The license is for the exploration of the Mofe Creek iron project the license has been granted ..
  • Harmony Gold: Sit-in action ends

    2012-12-27
    Harmony Gold Mining Company Limited has announced that the illegal strike actions of 1 700 mineworkers which began on 20 December 2012, have come to an end.

    Following discussions between relevant parties the employees who participated in a sit-in at Kusasalethu
  • Canaco agrees to acquire Shark Minerals

    2012-12-20
    Canaco Resources Inc and Shark Minerals Inc have entered into a share purchase agreement, whereby Canaco is expected to acquire all of Shark’s outstanding common shares. These shares are valued at approximately CAD28.2 million.

    Shark is a Canadian-based private company, focused on the acquisition and exploration of mineral propertie..
  • Lucara reports $54 million in diamond sales

    2012-12-20
    Lucara Diamond Corp. has completed its final diamond sale from its Karowe mine for the 2012 financial year. The sale was completed on 17 December 2012, with 56 out of 62 lots containing 62 238 carats being sold.

    Proceeds from the sale amounted to $12.03 million at an average price of $273 per carat, bringing total sales from the Kar..
  • Sanctions on Centamin’s gold exports lifted

    2012-12-20
    Centamin Plc resumed shipment of gold from its Sukari gold mine in Egypt on Sunday 16 December 2012. This comes after customs officials halted the company’s gold exports, requesting approval from Egypt’s Minister of Finance.

    This was due to a payment..
  • Triton Gold and Grafex Limtida form joint venture

    2012-12-19
    Triton Gold Limited has signed a revised formal joint venture agreement with Mozambican company Grafex Limitada. The purpose of the joint venture is to acquire land in Mozambique’s Cabo Delgado Province, which is highly prospective for graphite.

    This follows completion of extensive due diligence and negotiations between the parties...
  • Range River Gold sets its sights on Firestone Energy

    2012-12-18
    Range River Gold Limited announced on Monday its intention to acquire all the ordinary shares in Firestone Energy Limited by way of a takeover offer.

    Firestone is currently developing the Waterberg
  • Jubilee set to go ahead with Platinum Australia merger

    2012-12-18
    AIM and JSE-listed Jubilee Platinum Plc is set to go ahead with the proposed merger with the ASX-listed Platinum Australia Limited

    Discussions between the two parties have reached an advanced stage, where a Heads of Agreement defining th..
  • Anglo American reports 235 000 ounces in lost production

    2012-12-18
    Anglo American Platinum Limited has reported a total loss in production of 235 000 ounces of platinum, following the initial safety suspension and subsequent labour unrest.

    Employees have since returned to work, however, a further loss of 40 000 ounc..
  • Rockwell Diamonds: Operations at Tirisano suspended

    2012-12-13
    The board of Rockwell Diamonds Inc. has resolved to place its Tirisano diamond mine under care and maintenance. This follows another illegal strike at the mine which is located in the North West Province of South Africa as a result of unresolved pay increase issues. This is the second strike at the mi..
  • Sylvania executives take pay cuts to aid operations recovery

    2012-12-13
    Sylvania Platinum Limited’s executives have sacrificed portions of their salaries in order to aid the company’s production outlook for the 2013 financial year.
     
    The low-cost platinum group metals (PGM) producer’s operations had suffered negatively dur..
  • Goldplat updates African gold resources

    2012-12-13
    Goldplat Resources Plc has updated its JORC (Joint Ore Reserve Committee) compliant Mineral Resources across its African gold mining and development projects. The update in resources follows ongoing exploration drilling activities across the company’s African properties.
     &..
  • Kibo Mining finalises joint venture

    2012-12-13
    AIM-listed Kibo Mining Plc has joined forces with Votorantim Metaís Participações Ltda, a subsidiary of Brazilian industrial conglomerate, the Votorantim Group.

     The two parties have signed a definitive joint venture agreement to further exploration activities on
  • Mwana Africa: Positive interim results

    2012-12-12
    Mwana Africa Plc reported positive interim results for the first half of the 2012 financial year (H1) ended 30 September 2012.

    The company reported consolidated group revenues of $60.7million, a 61% increase compared to the $37.6 million recorded for the same period in 2011. The company moved from a loss position in 2011 to a profit..
  • Anglo American and Rio Tinto sell Palabora shareholdings

    2012-12-12
    Anglo American Plc and Rio Tinto Plc have agreed to sell their 16.8% and 57.7% respective shareholdings in Palabora Mining Company Limited.

    The purchaser is the IDC (Industrial Development Corporation) led consortium, comprising of South African and Chinese entities, for a combined amount of $476 million. The sale is expected to be ..
  • Lonmin receives full support from shareholders

    2012-12-12
    Lonmin Plc has announced the acceptance by shareholders of 354 416 422 shares from the rights issue announced on 09 November 2012. 

    This represents approximately 97.97% of the $817 million rights issue offered by the company to its shareholders, demonstrating shareholders’ confidence and support of the company’s fund-raisin..
  • PMI Gold and Keegan Resources merge to form Asanko Gold

    2012-12-11
    PMI Gold Corporation and Keegan Resources Inc. have combined their respective businesses to form Asanko Gold Inc.  Asanko is set to become a leading West African gold developer, benefiting from near term production of PMI’s Obotan and Keegan’s Esaase gold deposits in
  • Pallinghurst Resources: Consolidation of PGM assets

    2012-12-11
    Pallinghurst Resources Limited has successfully consolidated their platinum group metal (“PGM”) interests to create a new entity; Sedibelo Platinum Mines Limited.

    The entity has been established in collaboration with the Bakgatla ba Kgafela tribe and the Industrial Development Corporation of South Africa (IDC) which invested R3.24 b..
  • Village Main Reef: Operations resume as illegal strike ends

    2012-12-11
    Operations have returned to normal at Village Main Reef’s Blyvooruitzicht gold mine in South Africa. Operations were halted on 6 December 2012 due to illegal strike action. 

    The strike resulted from a dispute between members of the National Union of Mineworkers and the Association of Mining and Construction workers.
  • Royal Bafokeng qualifies for the JSE’s SRI Index

    2012-12-11
    Royal Bafokeng Platinum has qualified for inclusion on the JSE’s Social Responsibility Index (“SRI”). 

    The SRI tracks the sustainability performance of JSE-listed companies, which is considered to be an important tool in benchmarking and advancing sustainability and corporate responsibility in
  • Atlatsa Resources announces the end of its unprotected strike

    2012-12-10
    Atlatsa Resources Corporation has announced that following an agreement with its workers the unprotected strike at the Bokoni platinum mine in South Africa has come to an end. 90% of employees have reported to work.<..
  • Save Mapungubwe Coalition withdraws from Coal of Africa memorandum

    2012-12-10
    Coal of Africa Limited has announced that the Save Mapungubwe Coalition has withdrawn from the Memorandum of Understanding that it had initially signed on 24 November 2011.

    The coalition has withdrawn stating that there have been past and on-ongoing non-compliance with water legislation at the Vele colliery in
  • Coal of Africa employees embark on unlawful strike

    2012-12-05
    Workers at Coal of Africa Limited’s Mooiplaats mine have embarked on an unlawful and unprotected strike on Tuesday. 

    Employees affiliated with the National Union of Mineworkers (NUM) have downed tools following the suspension of four workers, who were accused of misconduct and a breach of the picketing rules during the lega..
  • Rockwell Diamonds: New diamond reprocessing technology

    2012-12-05
    Rockwell Diamonds Inc. has reported positive results on its pilot Bulk X-Ray project at the Saxendrift mine in the Northern Cape of South Africa. Rockwell has already recovered the cost of setting up the pilot study from the processing of old
  • Richland Resources enters negotiations with Tanzanian government

    2012-12-05
    Richland Resources Limited’s subsidiary Tanzanite One Mining Limited is in discussions with the Tanzanian Ministry of Energy and Minerals regarding a potential shareholding for the government of Tanzania

    This potential joint venture is ..
  • PMI moves to TSX main board

    2012-12-04
    PMI Gold Corporation has received approval from the Toronto Stock Exchange (“TSX”) to begin trading. The company has completed all necessary requirements to make the move from the TSX Venture Exchange (“TSX-V”) to the main board.

    Trading of PMI’s shares on the TSX main board commenced on 30 November 2012, under the symbol “PMV”. The..
  • Lucara sells blue diamond for $4.5 million

    2012-11-28
    Lucara Diamond Corp. (“Lucara”) has reported on the sale of a total of 56 982 carats of diamonds. The diamonds were sold at an average price of $300 per carat and total proceeds from the sales, amounted to $17.14 million.

    The highlights of the sale w..
  • Centamin: Update on Pharoah Gold Mines appeal

    2012-11-28
    Centamin Plc (“Centamin”) has announced it has lodged an appeal to the administrative courts through its subsidiary Pharoah Gold Mines (“PGM”). The appeal is regarding PGM’s right to exploit the Sukari gold project in Egypt.

    Operations and the stage ..
  • Triton Gold: Receives Mozambican exploration licenses

    2012-11-27
    Triton Gold Limited (“Triton”) has been granted two exploration licenses by the Mozambique Mines Department, for its prospective graphite project areas. 

    The approval of the exploration licenses places the company in a position to proceed with the initial phases of exploration activities. The company has already identified ..
  • Positive results for Sipa Resources

    2012-11-27
    Sipa Resources Limited (“Sipa”) has reported positive results from its exploration activities at the Thaduna copper project in Uganda. Thick copper mineralisation of up to 100 metres has been intersected at the Enigma copper prospect which is located within the Thaduna project area.
  • Continental Coal: Penumbra produces first saleable coal

    2012-11-26
    Continental Coal Limited (“Continental”) has produced its first thermal coal from the Penumbra coal mine in South Africa

    The mine is the company’s third operating
  • Simmer and Jack: Possible suspension from the JSE

    2012-11-26
    Simmer and Jack Mines Limited (“Simmers”) is facing possible suspension by the JSE on 19 December 2012.

    The company’s shares will be suspended from trading on the JSE unless they acquire a viable asset before this date. The Simmers board of directors is currently in the process of evaluating appropriate assets for acquisition. They ..
  • Gemfields announces a proposed merger

    2012-11-26
    Gemfields Plc (“Gemfields”) a subsidiary of Pallinghurst Resources Limited (“Pallinghurst”) has announced a proposed merger with Faberge Limited. Gemfields will acquire 100% ownership of Fanerbache Limited (“Fanerbache”) in exchange for up to 214 million new Gemfields shares. These shares will represent 40% of Gemfields’ diluted share capital after the transaction is completed successfu..
  • Jubilee Platinum forms strategic partnerships

    2012-11-23
    Jubilee Platinum Plc (“Jubilee”) has entered into a memorandum of understanding between its subsidiary Pollux Investment Holdings (Pty) Ltd (“Pollux”) and Phokatha (Pty) Ltd. The agreement is for the utilisation of the company’s concentrator for the toll processing of mined material to recover PGE concentrates. 

    Pollux has ..
  • Channel Resources announces new gold anomalies

    2012-11-22
    Channel Resources Limited has outlined major gold anomalies and exploration targets at the Tanwaka project areas. Tanwaka forms part of the company’s Tanlouka gold project in Burkina Faso.
  • Jupiter’s Tshipi Borwa mine loads first trainload of manganese

    2012-11-22
    Jupiter Mines Limited (“Jupiter”) has announced that its Tshipi Borwa manganese mine in Johannesburg, South Africa has reached a mining milestone. The company has successfully loaded its first full trainload of manganese ore on 18 November 2012.

    T..
  • PMI Gold: Mining lease secured for flagship project

    2012-11-22
    The Minister of Lands and Natural Resources of Ghana has granted PMI Gold Corporation (“PMI”) the mining lease covering its flagship Obotan project. Obotan is a gold project which is located in southwest Ghana. This fo..
  • Forbes Coal: Labour disruptions come to an end

    2012-11-19
    Forbes & Manhattan Coal Corporation (“Forbes Coal”) has come to an agreement with its employees at the Magdalena and Aviemore coal mines in South Africa, thus ending the month long strike.
  • Amplats: Operations resume at Rustenburg mines

    2012-11-19
    Employees returned to work on Thursday after an agreement was reached with Anglo American Platinum’s (“Amplats”) management. This brings to an end the two-month long strike that commenced in mid-September 2012. 

    Employees, who returned to the company’s Union and Amandebult
  • Village Main Reef: 960 jobs may be lost following restructure

    2012-11-19
    JSE listed miner, Village Main Reef (“Village”) announced on Friday its intention to restructure the operations of their subsidiary, Blyvooruitzicht Gold Mining Company (“Blyvoor”). 

    The proposed restructure may include the retrenchment of approximately 960 employees, as well as a number of initiatives aimed at improving pr..
  • Atlatsa: Restructure improves performance

    2012-11-15
    Following the completion of Phase One of the Restructure plan, Atlatsa Resource Corporation (“Atlatsa”) has experienced an improvement in their performance for the quarter ended 30 September 2012 (“Q3”). 

    Atlatsa’s Bokoni platinum mine in Sout..
  • Caledonia: Zimbabwe gold mine reports record production

    2012-11-15
    Production at Caledonia Mining Corporation’s (“Caledonia”) Blanket mine in Zimbabwe has reached an all-time high in the third quarter (“Q3”) ended 30 September 2012.

    The Canadian based producer recorded production of 12 918 ounces of gold, the highest ever produced from underground mining since production began at Blanket in 1906. C..
  • Sylvania concludes wage negotiations

    2012-11-14
    Sylvania Platinum Limited (“Sylvania”) has announced that wage negotiations for its Western Limb Mooinooi and Millsell platinum operations have been concluded for the 2013 financial year. 

    Negotiations had previously been delayed due to the recent labour unrest in the Rustenburg region of
  • Firestone Diamonds restructure: Focus on Lesotho

    2012-11-14
    Firestone Diamonds Plc (“Firestone”) has placed significant focus on its Liqhobong diamond mine in Lesotho with an aim to become a million carat per annum producer by 2015.  This is following significant changes through its restructuring initiatives.

    A Definitive Feasibility Study conducted on the mine highlighted an averag..
  • Noble accepts revised financing offer from Resolute

    2012-11-14
    Resolute Mining Limited (“Resolute”) submitted a revised financing offer to Noble Mineral Resources Limited (“Noble”), following a number of concerns Noble had with regards to certainty and execution risk issues.

    Noble has now accepted the revised ..
  • Amplats operations under pressure

    2012-11-13
    Anglo American Platinum’s (“Amplats”) CEO, Chris Griffiths, expressed that the company’s operations are under “tremendous economic pressure which is being exacerbated by the current illegal strike.”

    Furthermore, the current wage hike demanded by the striking workers at the company’s mines in
  • Gold One to resume operations at Ezulwini

    2012-11-13
    Gold One International Limited (“Gold One”) plans to resume operations at the Cooke 4 shaft at Ezulwini. Operations at the gold mine which is located in South Africa were suspended due to illegal strikes which began in..
  • AngloGold Ashanti’s Mponeng operations suspended

    2012-11-07
    Employees at AngloGold Ashanti Limited’s (“AngloGold”) Mponeng mine have staged a second day of sit-ins during the day shift. As a result AngloGold has had to suspend mining and processing activities at the Mponeng gold
  • Village Main Reef - Unprotected strike at Buffelsfontein

    2012-11-07
    An illegal strike commenced at Village Main Reef’s (“Village”) Buffelsfontein mine on Monday, 5 November 2012 during the night shift. All category 4 to 8 employees who form part of the NUM bargaining unit were absent from work at the gold mine which is located in
  • Production resumed at all Gold Fields’ operations

    2012-11-06
    Following an unlawful strike which lead to the dismissal of 8 100 employees Gold Fields Limited (“Gold Fields”) limited has signed a deal with the National Union of mineworkers. Subsequent to the signing of this deal, the majority of dismissed employees have been reinstated. 

    Gold Fields has announced that the dismissed min..
  • Coal of Africa reaches an agreement with striking workers

    2012-11-05
    Following a meeting on 29 October 2012 between NUM and senior executives, Coal of Africa Limited ("CoAL”), has announced that the wage related strike at its Mooiplaats colliery has been called off.

    The employees of Mooiplaats colliery..
  • Amplats - Update on strike action

    2012-11-05
    Anglo American Plc has drawn attention to an announcement released by Anglo American Platinum Limited related to the ongoing illegal action at its Rustenburg, Union and Amandelbult platinum operations. 

    Following discussions with NUM, UASA and NUMSA,
  • Gold One signs a two year wage deal with NUM

    2012-11-01
    Following the mass dismissal of 1 044 of its workers, Gold One International Limited (“Gold One”) has signed a two year wage agreement with The National Union of Mineworkers (“NUM”). The agreement makes provisions for wage increases for contract workers, who were hired in order to assist in normalising the company’s
  • Village Main Reef resumes production at Tau Lekoa

    2012-10-31
    Village Main Reef (“Village”) has received permission from the inspectorate of the Department of Mineral Resources to resume all operations at Tau Lekoa with immediate effect. 

    Production at the South African
  • Atlatsa offers to re-employ dismissed workers

    2012-10-31
    After numerous requests from dismissed employees, Atlatsa Resources Corporation (“Atlatsa”) has offered a return to work agreement to employees. The offer put forward by Atlatsa includes employees who were dismissed from the Bokoni
  • Anglo American Platinum - Return to work offer

    2012-10-30
    Anglo American Platinum Limited (“Amplats”) has reported the outcomes of a meeting held on 26 October 2012, between all parties involved in the ongoing illegal industrial action. The unprotected strikes are taking place at the company’s Rustenburg, Union and Amandekbult platinum mining operations in <..
  • AngloGold Ashanti reports that employees have returned to work

    2012-10-30
    AngloGold Ashanti Limited (“AngloGold”) has reported that West Wits workers have joined their Vaal river colleagues in returning to work. The Vaal river employees returned to work on Monday 22 October 2012 and 23 October 2012 and employees at the three West Wits gold operations Mponeng, Tautona and Savuk..
  • Anglo American CEO steps down

    2012-10-30
    Anglo American PLC (“Anglo American”) has announced that CEO, Cynthia Carrol has stepped down from her post with the Boards agreement.

    Cynthia Carrol commented on this decision saying, “It has been a great honour to lead Anglo American. I am extremely proud of everything we have achieved during my period as Chief Executive and I wil..
  • New Listing: Ivanplats Limited

    2012-10-29
    Ivanplats Limited (“Ivanplats”) has listed on the TSX; trading of the company’s shares commenced on 16 October 2012, under the share code IVP. 

    Ivanplats is a copper, ..
  • SA Chamber of Mines pleased with positive outcome of discussions

    2012-10-23
    The South African Chamber of Mines (“CoM”) facilitated further discussions between its representative mining companies and the NUM, Solidarity and UASA on Friday 19 October 2012. The discussions were held in an attempt to reach a resolution with regards to the current industrial actions in the mining industry, after previous talks had collapsed. 
  • Production increases at Kumba Iron Ore’s Sishen mine

    2012-10-23
    Production at Kumba Iron Ore Limited’s (“Kumba”) Sishen iron mine has begun to increase following the end of illegal occupation by a small group of striking employees.

    Attendance remains below 50% which falls short of the required amount for Sishens mining operations to operate at full capacity. However, some employees reported to w..
  • Final ultimatum issued by AngloGold Ashanti to striking workers

    2012-10-23
    AngloGold Ashanti Limited (“AngloGold”) has issued a final call to all workers engaged in unprotected strikes to return to work by 12:00 on Wednesday 24 October. The company has warned that workers who do not report to work will face immediate dismissal. The strikes have affected the company’s Vaal River and West Wits gold operations in
  • Latest disruption at Lonmin’s Marikana mine comes to an end

    2012-10-22
    All Lonmin Plc employees who engaged in work stoppages on Thursday 18 October have returned to work. The disruption in operations came as employees protested against the arrest of three mineworkers in connection with ongoing criminal investigations by the South African Police Service.

    Management maintains that all efforts are being ..
  • Final ultimatum issued to striking Gold Fields workers

    2012-10-22
    8 500 workers who went on strike at Gold Fields Limited’s (“Gold Fields”) KDC East gold mine in South Africa, have not returned to work despite warnings issued last week. Gold Fields has now issued a final ultimatum to the employees to report to work, starting with the night shift on Monday 22 October. 

    The compa..
  • Forbes & Manhattan Coal announce a wage strike at its Magdalena & Aviemore operations

    2012-10-18
    Forbes & Manhattan Coal Corporation (“Forbes Coal”) has reported that a peaceful strike commenced yesterday morning, 17 October 2012. Some of the workers at its Magdalena & Aviemore coal mines located in Kwa-Zulu Natal, South Africa had downed tools in relation to wage demands made by employees and their representative union. Forbes Coal and the employees’ representative union cont..
  • New Listing on the TSX Venture Exchange: Patrone Gold Corporation

    2012-10-18
    Patrone Gold Corporation (“Patrone”) is a junior mining company which has recently listed on the TSX Venture Exchange. The company’s shares commenced trading on 3 October 2012 under the share code AUR. Patrone has iron ore projects in the Cameroon.

  • SAPS increase presence at Atlatsa’s Bokoni mine as labour unrest continues

    2012-10-17
    The South African Police Service (“SAPS”) has increased their presence and made several arrests after the situation at Atlatsa Resources Corporation’s (“Atlatsa”) Bokoni platinum mine escalated yesterday. Dismissed employees had intensified their acts of violence and intimidation after 643 of the 2 161 dismissed employees returned to work, following their disciplinary hearings held duri..
  • Police put an end to illegal occupation of Kumba Iron Ore Limited’s Sishen mine

    2012-10-17
    Kumba Iron Ore Limited (“Kumba”) has regained possession of all heavy mining equipment held by striking employees. This comes after employees were removed by the South African Police Service (SAPS) on Tuesday morning. The strikers, who had been illegally occupying the Sishen iron mine in
  • Gold Fields Limited threatens to dismiss striking employees

    2012-10-17
    Gold Fields Limited (“Gold Fields”) on Tuesday issued a final ultimatum to employees who were still engaged in illegal strikes at the KDC West and Beatrix mines. The workers, who have been on strike since 9 September 2012, were warned to resume their duties by 14:00h on Thursday 18 October 2012 or face immediate dismissal. 

  • Excalibur Resources Limited set to enter African mining industry

    2012-10-16
    Excalibur Resources Limited (“Excalibur”) has announced that they have executed an agreement to acquire 100% of Giratina (Pty) Ltd (“Giratina”). Giratina has option agreements to acquire 80% of three large Zambian gold prospecting licenses which are under application at Zambia’s Department of Mines. In a..
  • Operations suspended at Gold One International Limited’s Ezulwini gold mine

    2012-10-16
    Gold One International Limited (“Gold One”) will suspend operations at Ezulwini gold mine in South Africa for at least 30 days. The suspension has been implemented in order to ensure the safety of employees whilst intimidation and tension is still prevalent in the mining sector. This follows the unsuccessful appeals against dismissal of 1 417 workers whose employment has now been termin..
  • Kumba Iron Ore Limited dismisses workers who continue to illegally occupy the Sishen mine

    2012-10-16
    Illegal strikers at Kumba Iron Ore Limited’s (“Kumba”) Sishen iron mine in South Africa continue to illegally occupy the mine. Workers stood firm in their positions despite receiving an ultimatum to vacate the premises. The strikers have seized the bulk of the mine’s heavy mining equipment and illegally occupied one of the mine’s dumps since October 3 2012.  
  • Gold Fields Limited suspend operations as more employees join illegal strikes

    2012-10-16
    8 500 of the 12 400 workers employed at Gold Fields Limited’s (“Gold Fields”) KDC East operation in South Africa, have embarked on an unlawful strike. The strike commenced before the night shift on 14 October 2012. The company has had to suspend gold production at the entire KDC operation, with 19 600 of the total 26 700 employees having now joined the strike.

  • Workers dismissed by Atlatsa Resources Corporation return to work with written warnings

    2012-10-15
    Atlatsa Resources Corporation (“Atlatsa”) reported on Friday the results from the appeal proceedings conducted with NUM and TAWUSA. The appeals were made on behalf of striking workers who were dismissed from Atlatsa’s Bokoni platinum mines in South Africa on 6 October 2012; appeals were concluded on Thursday 11 October 2012. 

  • Village Main Reef Limited issues an ultimatum to striking employees

    2012-10-15
    Village Main Reef Limited (“Village”) has issued a final ultimatum to 1 700 employees engaged in an illegal strike at its Blyvooruitzicht gold mine in South Africa. The strike has been underway since 27 September 2012. Employees..
  • Anglo American Platinum, strike update

    2012-10-15
    Anglo American Platinum (“Amplats”) has provided an update on ongoing illegal strike action at its Rustenburg, Union and Amandenbult operations in South Africa. This marks the fourth consecutive week of operational suspension.

    The company’s abi..
  • Striking workers dismissed by Gold One International Limited

    2012-10-10
    Gold One International Limited (“Gold One”) announced yesterday the dismissal of approximately 1 435 of the 1 900 workers employed at its Ezulwini gold operations in South Africa. The dismissals are the result of the participation of these 1 435 employees in the illegal strike action which commenced o..
  • Atlatsa Resources Corporation dismisses striking miners

    2012-10-10
    Atlatsa Resources Corporation (“Atlatsa”) has confirmed the dismissal of 2 161 employees who have taken part in unprotected strikes at the Bokoni platinum mine in South Africa.

    A court interdict has been granted in favour of
  • Kumba Iron Ore provides an update on its strike

    2012-10-10
    Kumba Iron Ore (“Kumba”) has confirmed that they are continuing to engage with less than 300 employees who embarked on an illegal strike last week. The strike began on 3 October 2012 at their Sishen iron ore operations in the Northern Cape of
  • Gold One International Limited issues suspension notices to striking employees

    2012-10-10
    Gold One International Limited (“Gold One”) has issued suspension notices to illegally striking workers at their Ezulwini gold operation in South Africa. This comes after repeated requests for employees to return to ..
  • 12 000 striking workers dismissed by Anglo American Platinum

    2012-10-08

    12 000 Anglo American Platinum (“Amplats”) employees were dismissed after they failed to attend disciplinary hearings that were held by the company on Friday 5 October, 2012. The strikes, that have been ongoing for the past three weeks, have continued to affect operations at ..

  • Strike halts operations for Kumba Iron Ore Limited

    2012-10-07
    Production has been suspended at Kumba Iron Ore Limited’s (“Kumba”) Sishen iron ore mine in South Africa. Approximately 300 employees are blocking access to the pit as part of their strike action.

    The strike which started on 3 October 2012 has occ..
  • Harmony Gold Mining Company Limited and Kumba Iron Ore Limited among latest affected by strikes

    2012-10-04
    Harmony Gold Mining Company Limited (“Harmony”) confirmed yesterday that workers at their Kusasalethu mine near Carletonville, South Africa had embarked on an unprotected strike. Harmony’s Chief Executive Officer, Graham Briggs, urged employees to honour existing collective agreements and bargaining s..
  • Update on strikes at AngloGold Ashanti Limited’s South African Operations

    2012-10-02
    CEO of AngloGold Ashanti Limited (“AngloGold”), Mark Cutifani, has expressed his disappointment in workers that had “chosen to break their commitment to the current wage and collective bargaining structures.” 

    Strikes commenced at the Ko..
  • Miners down tools at Village Main Reef Limited’s Blyvooruitzicht mine

    2012-10-02
    Workers at Village Main Reef Limited’s (“Village”) Blyvooruitzicht gold mine in South Africa downed tools to embark on an unprotected strike on Friday, 28 September 2012. The majority of the 1 700 workers who formed part of the National Union Mineworkers (“NUM”) had failed to report to their duties which prevented the night shift, and the day shift, from taking place.
  • More miners join strikes at Atlatsa Resource Corporation’s Bokoni mines

    2012-10-02
    Atlatsa Resource Corporation (“Atlatsa”) announced yesterday that miners at their Bokoni platinum mines had downed tools to join the Anglo American Platinum (“Amplats”) strike. Bokoni is a joint venture operation with Amplats..
  • Unresolved tensions at Anglo American Platinum Limited’s Rustenburg operations

    2012-10-02
    Anglo American Platinum Limited (“Amplats”) continued their efforts to increase security at their Rustenburg operations in South Africa, that had been affected by strike actions. This was following increased tension amongst strikers during the weekend. The company’s efforts were aime..
  • Protected strike at Coal of Africa Limited’s Mooiplaats colliery

    2012-09-27
    Coal of Africa Limited (“Coal of Africa”) has announced that the National Union of Mineworkers (“NUM”) has embarked on a protected strike at its Mooiplaats colliery. The colliery is located in Mpumalanga, South Africa and the strike came into effect on 25 September 2012.
  • Strikes at AngloGold Ashanti Limited’s South African operations

    2012-09-26
    AngoGold Ashanti Limited (“AngloGold”) announced yesterday that workers have embarked on an unprotected strike at their South African operations. The strike interrupted normal mining and processing activities which were due to commence on the night shift. 

    Workers from the West Wits and Vaal River regions have joined other ..
  • Unlawful strike action at Gold Fields Limited’s KDC West and Beatrix mines

    2012-09-25
    Gold Fields Limited (“Gold Fields”) confirmed today 25 September 2012 that illegal strikes at their KDC West gold mine are ongoing. The mine is located on the West Rand, South Africa, strikes at the mine started on 9 September 2012.

    Further to this announcement employees at Beatrix Mine in the Free State have also started an unlawfu..
  • AXG Mining Limited to enter the African mining industry

    2012-09-20
    AXG Mining Limited (“AXG”) has announced the execution of an agreement to secure 100% of Pinto Minerals Limited (“Pinto”). The agreement is subject to a number of conditions and due diligence. 

    Pinto is in the process of acquiring an option agreement in order to acquire a 64% interest in three large scale prospecting licens..
  • Lonmin Plc reaches wage agreement with employees

    2012-09-19
    Lonmin Plc (“Lonmin”) management is pleased to announce that a wage agreement has been reached with their striking workers. The agreement was signed at 22:30 on 18 September 2012. The agreement includes an average salary hike of 11%-22% and a once off signing bonus of R2 000. This includes a 9-10% rise which is due to come into effect in October 2012.

    <..
  • Anglo American Platinum Limited’s Rustenburg operations resume

    2012-09-19
    JSE listed Anglo American Platinum Limited (“Amplats”) has announced that all of its Rustenburg operations in South Africa have recommenced from Tuesday morning, 18 September 2012. 

    The company confirmed on Sunday that the safety of employees..
  • Anglo American Platinum Limited plans to resume operations

    2012-09-18
    Anglo American Platinum Limited (“Amplats”) has announced their intention to resume operations in Rustenburg, South Africa. The company had initially suspended all work in order to protect employees from intimidation.

    The company stated that the situa..
  • Anglo American Platinum Limited suspends Rustenburg operations

    2012-09-13
    Anglo American Platinum Limited (“Amplats”) has announced that operations at its Rustenburg platinum plant in South Africa, have been suspended. The closure comes about as the company is determined to protect the safety and security of its employees from external intimidation. 

    Chris Griffith, CEO of
  • Impala Platinum Holdings Limited’s workers demand a salary increase

    2012-09-11
    Impala Platinum Holdings Limited (“Implats”) has announced that the company has received a new wage demand from the Interim Workers Committe (“IWC”) at Impala Rustenburg.

    The new demand comes after a wage increase was implemented in April 2012. The IWC has demanded the same increase for the second year of the 2011/12 wage agreement...
  • Miners strike at Gold Fields Limited’s KDC west mine

    2012-09-11
    Gold Fields Limited “Gold Fields” has announced that employees at the west section of the company’s KDC gold mine, west of Johannesburg, South Africa, have started striking. The strike began during the night shift on Sunday, 9 September 2012.

    The company state that around 15 000 employees are actively involved in the strike and all ..
  • Glencore International Plc increases offer for Xstrata Plc

    2012-09-10
    Glencore International Plc (“Glencore”) raised its offer for Xstrata Plc (“Xstrata”) from $2.8 per share to 3.05, on Friday, 7 September 2012. This is the final offer, which comes as an attempt to rescue one of the sector’s largest deals to date. The deal worth approximately $36 billion has been slowed due to Xstrata’s second largest shareholder, Qatar, demanding a higher price.
  • BHP Billiton Limited completes sale of 37% stake in Richards Bay Minerals

    2012-09-10
    BHP Billiton Limited (“BHP”) has completed the sale of its 37%, non-operated interest in Richards Bay Minerals (“RBM”), to its joint venture partner Rio Tinto Plc (“Rio Tinto”). The sale price amounted to $1.91 billion. 

    The initial deal was agreed upon on 1 February 2012, pending the fulfilment of standard regulatory appro..
  • Strike action at Gold Fields Limited’s KDC mine comes to an end

    2012-09-06
    Gold Fields Limited ("Gold Fields") announced yesterday, 5 September 2012, the end of the illegal strike that took place at its KDC mine west of Johannesburg, South Africa. Striking employees agreed to return to work last night and night shift operations proceeded as normal.

    The parties came to an agreement after the leadership of the..
  • 6.6 million ounce Inferred Resource at Platinum Group Metals Limited’s new deposit

    2012-09-05
    An exciting newly discovered deposit at Platinum Group Metals Limited’s (“PGM”) Waterberg Property in South Africa has led to an Inferred Resource estimate of 6.6 million ounces 3E (Platinum, Palladium and Gold). The resource considers 16 out of 30 drill holes completed on the newly discovered part of the Bushveld Complex, exploration drilling activities are still ongoing in the area. R. Michael J..
  • Illegal strike actions at Gold One International Limited’s Modder East Mine

    2012-09-04
    Gold One International Limited (“Gold One”), provided clarification on the shootings that were reported at their Modder East operations. It was reported that approximately 60 individuals illegally gathered at the main entrance to Modder East. The strikers consisted of former Gold One employees who were dismissed ..
  • Striking Continues at Gold Fields Limited’s KDC mine

    2012-09-03
    Gold Fields Limited (“Gold Fields”), has announced that the unlawful and unprotected strike at the East Section of their KDC gold mine is still continuing. The strike which began during the night shift on Wednesday 29 August, 2012, has already led to the loss of three night shifts and two day shifts. Around 12,000 employees are actively striking.

  • African Mining CEO Confidence takes a dip

    2012-08-30
    The African Mining CEO Confidence index lost ground from Q2, dropping almost 10.2% from 60.98 to 54.41.  The index, which pooled results from over 180 CEO’s of African operation mining companies, collated data on areas including economic conditions, company growth and investment to name a few. Confidence in commodity prices recorded the biggest fall dropping 20% since Q1.
  • Lonmin Plc issues ultimatum to Rock Drill Operators

    2012-08-21
    Lonmin Plc “Lonmin” has issued a request to the 3,000 illegally striking employees to return to work by Monday, 20 August or risk being dismissed. The initial deadline was set for Friday, 17 August, but due to the shootout which occurred on Thursday, 16 August, the date was reset. The ultimatum will only apply to illegally striking rock drill operators and assistant rock drill operators..
  • Exxaro Resources Limited joins the road transport management system

    2012-08-21
    Exxaro Resources Limited (“Exxaro”) has become the first company in South Africa to achieve Road Transport Management System (RTMS) consignor and consignee accreditation. The RTMS is an industry-led, voluntary self-regulation system that encourages members and haulers part of the road logistics value chain to apply a vehicle management system which would preserve national roads, improve safety a..
  • Inter-Union Rivalry Violence at Lonmin Plc

    2012-08-16
    Fatal attacks have claimed the lives of five Lonmin Plc (“Lonmin”) employees and two policemen at Lonmin’s operations in Rustenburg. The violence which has been continuing for two days is suspected to have started due to inter-union conflict. The two officers were attacked near the Karee Mine and a third has been taken to hospital in Rustenburg. The South African Police Services is on site in orde..
  • United Arab Emirates to acquire Uranium from Australia

    2012-08-15
    According to Australian Foreign Affairs, the country has sanctioned uranium exports to the United Arab Emirates (“UAE”) in order to cater for future UAE power generation. Foreign Minister Bob Carr stated that “the agreement opened the door for the UAE to become Australia’s first Middle Eastern export market for Uranium.” The as part of the agreement it is planned that four power plants will be..
  • Australian Foreign Ministry extends funding to boost mining in Africa

    2012-08-15
    The Australian Foreign Minister Bob Carr announced that funding of AU$4,9m has been extended to the Extractive Industries Technical Advisory Facility. The Facility which was set up by Prime Minister Gillard in 2011, aims to help developing countries understand and effectively manage their mining resources in order to create wealth. During his visit to the International Mining Development Centr..
  • 30% tax hike on companies mining in Tanzania

    2012-07-30
    Following a 31% growth in export earnings last year and an upward trend in the gold price, Tanzania is taking a hard line on mining companies, with an aim to increase revenue gains from gold mining activities in the country. Companies operating in the country have been ordered by energy and minerals minister Sospeter Muhongo to pay a corporate tax of 30%, or “shut down their mines and leave bec..
  • SA CEOS FEEL EUROZONE EFFECTS

    2012-06-28
    According to the Q2 2012 Merchantec CEO Confidence Index, there was a 20.5% drop in confidence in the Basic Materials sector amoung South African’s CEOs. This is largely due to persistent Eurozone problems, the loss of momentum in global growth, the easing of certain commodity prices and the difficult operating environment. 45% of companies in the Basic Materials sector are gold mining companie..
  • CEOs CONFIDENCE SURGES TO NEW HIGH

    2012-03-27
    According to the Q1 2012 Merchantec CEO Confidence Index, the basic materials sector in South Africa, which includes the mining sector, recorded a 19% increase to a score of 68, the highest score across any sector. This comes as no surprise considering low interest rates, continued high commodity prices and government’s indication that the nationalisation of mines will not be pursued. Further evid..
  • Oklo Resources’ Dandoko gold project delivers strong results

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    Oklo Resources Limited has announced the auger drilling programme results from its Dandoko gold project located in Mali.

  • Oklo Resources’ Dandoko gold project delivers strong results

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    Oklo Resources Limited has announced the auger drilling programme results from its Dandoko gold project located in Mali.

  • Nyota Minerals’ quarterly report

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    Nyota Minerals http://africanmining.com/ns_company.php?id=123Limited 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 Mi..
  • Afarak releases updated Resources and Reserves statement

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    Afarak Group Plc has released an updated Resource and Reserves Statement for its assets in South Africa.


    The company reports an increase in its total chrome ore resource from 38.5 million tonnes to 61.3 million tonnes with an average chrome oxide grade of 36.71%. Current ..

  • Anglo American Platinum employees shot with rubber bullets

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    Anglo American Platinum Limited has announced that nine employees were injured when rubber bullets were fired by Anglo American Security personnel.

    The incident occurred as a result of the workers committee members contesting NUM’s legitimacy and demanding that NUM vacate its offices. In addition, a total of three security personnel..
  • African Rainbow Minerals trading statement

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    African Rainbow Minerals Limited has stated that in respect of the period ended 31 December 2012 the company expects its headline earnings to decrease to between 630 cents and 675 cents per share. This is despite improved performances at the Nkomati nickel mine in
  • New high-grade iron mineralisation discovered at Télimélé Project, West Guinea

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    Nemex Resources Limited (ASX: NXR) is  pleased to report drill results from 100 reconnaissance drill holes over three  prospects at the Coastal Iron Project in Guinea, West Africa, confirming that the high-grade Télimélé Ironstone is a regionally-significant unit.