2014-09-17Tawana Resources has released an operational update from its Mofe Creek project in Liberia.The company maintains that the economics of the project remain real and robust despite the low current pricing of iron ore and the immediate challenges of the Ebola outbreak in Liberia.T..2014-09-17Operations at Buffalo Coal Corporation’s Magdalena underground mine, in South Africa, have been suspended following an incident involving the ingress of water.The company initiated emergency procedure and the mine was safely evacuated. Management is currently assessing the impact of the incident on the mine and has inform..2014-09-17Waterberg Coal Company Limited released an operational update.Waterberg Coal Company’s newly acquired subsidiary, Sekoko Coal (Pty) Ltd, entered into a Memorandum of Understanding with Eskom, in March 2014, for the production and supply of 10 million tonnes of coal per annum. In line with the Memorandum of Understanding, Sekoko Coa..2014-09-17Beacon Hill Resources Plc has entered into conditional subscription agreements with certain institutional investors with the aim of raising £1.25 million.The agreements place up to 1 250 000 000 ordinary shares at a price of 0.1 pence. The proceeds from the placement will be put toward general working capital purposes.&..2014-09-16Cardinal Resources Limited has discovered a third sub-parallel zone of high grade gold mineralisation at its Namdini mining license in Ghana.The second sub-parallel zone was discovered during phase 11 reverse circulation drilling at the Namdini project area.The compa..2014-09-16CAMAC Energy Incorporated released an update regarding its operations in Africa.The company commenced with the offshore installation campaign at the Oyo field expansion project, in Nigeria, using the Normand Pacific installation vessel. The campaign consists of the recovery and relocation of umbilicals and flexible flowlines. CAMAC..2014-09-15Bassari Resources Limited has received commitments from eligible shareholders which will raise AUD556 414 at AUD0.02 cents per new share.The Directors of the company are in advanced discussions with investors who are interested in taking the shortfall shares. A total of 201 747 529 shortfall shares will be available under the initi..2014-09-11Petmin Limited released its condensed consolidated preliminary financial statements for the year ended 30 June 2014.Normalised profit after tax increased by 24% to 17.63 cents per share, from 14.26 cents per share reported for FY13, despite a 27% reduction in at-mine-gate export prices.
<..2014-09-11AngloGold Ashanti Limited has received approval from the South African Reserve Bank to restructure its international mining operations under a new UK holding company.The company intends for the new UK holding company, Newco, to hold AngloGold Ashanti’s gold exploration and production assets that are located outside of South Africa...2014-09-10African Consolidated Resources Plc released its final results for the period ended 31 March 2014.The company experienced a loss of $11.7 million due to continuing mine development and exploration programmes. The loss to 31 March 2014 also includes an impairment provision of $6.7 million regarding exploration project, whic..2014-09-10Bauba Platinum Limited has released its trading statement for the financial period ended 30 June 2014.The company expects a loss per share of between 7.0 cents and 8.5 cents. Headline loss per Share is expected to be between 3.7 cents and 5.2 cents, in comparison to a loss per Share and Headline loss per Share of 7.5 cent..2014-09-10Premier African Minerals Limited has released an operational update from its RHA tungsten project in Zimbabwe.The company is in the process of adopting a phased implementation strategy at its RHA tungsten project, consisting of four work programm..2014-09-10LP Hill Plc has successfully raised £405 000 through a subscription for new ordinary shares by an existing substantial shareholder, Kijani Resources Limited.The shares were sold at a price of 40.5 pence per share. The subscribed shares are worth 2.54% of LP Hill’s enlarged issued share capital and are subject to admission for tradi..2014-09-10Pan African Resources Plc has announced the appointment of Rowan Smith as a Non-Executive Director of the Board, effectively immediately.Smith is a qualified Geologist with extensive experience in mining and business. He spent 20 years working in the minerals and investment banking industries in Af..2014-09-09OGI Group Limited is set to acquire a 51.8% stake in a diamond license, in Mozambique, through acquiring shares in Sese Diamonds (Pty) Ltd.The company will enter into a Share Purchase Agreement with the Shareholders of Sese Diamonds (Pty) Ltd, the current holder of the 4525L license, with the aim of acquiring 74% of the issued shar..2014-09-09Tawana Resources NL has released its interim results for the half year ended 30 June 2014.The company reported an operational loss for the period of AUD 1 223 879, a marginal increase from the operational loss of AUD1 132 567 for the corresponding period of 2013.Tawana Resourc..2014-09-09Wesizwe Platinum Limited has released its operational and financial results for the six month period ended 30 June 2014.The company reports 550 787 fatality free shifts were achieved at the Bakubung project in South Africa. By the end of the period, the main shaft reached a depth of 581 metres and the vent shaft reached 693 metres...2014-09-08Predictive Discovery Limited has advised shareholders of the formal Maiden Mineral Resource Estimate for its Bongou gold prospect in Burkina Faso.The company reports a high-grade Maiden Mineral Resource Estimate of 2.2 million tonnes at 2.6 g/t gold for 184 000 ounces. 136 000 ounces are reported to have an average grade ..2014-09-08KEFI Minerals Limited has advised shareholders that it was acquired the remaining 25% of the Tulu Kapi gold project in Ethiopia, from Nyota Minerals Limited.Shareholders of Nyota Minerals Limited, a subsidiary of KEFI Minerals Limited, approved the sale of the 25% stake in the project on 3 September 2014.<..2014-09-08Green Rock Energy Limited has received excellent results from the rock chip and trench sampling conducted the Mahenge project in Tanzania.The samples confirm high grade graphite up to 35.5% total graphitic carbon. 17 rock chips were sampled with 14 returning greater than 10% total graphitic carbon, 3 of which were greater than 30% ..2014-09-08Celamin Holdings Limited has appointed Gary Scanlan as a Non-Executive Director of the Board and Chairman of the Audit Committee.Scanlan has extensive experience in the mining industry and his expertise lie in capital markets and financial management. In addition to his new roles, he has also agreed to serve as Deputy Chairman of t..2014-09-05Rand Mining Limited has suspended all exploration activity in Liberia following the State of Emergency announcement regarding the Ebola outbreak.The State of Emergency announcement was released on 6 August 2014 by President of Liberia, Ellen Johnson Sirleaf.Following the annou..2014-09-03True Gold Mining Incorporated has released its financial results for the six month period ended 30 June 2014.The company reports that it has secured $120 million in funding from Franco-Nevada Corporation and Sandstorm Gold Incorporated, which will assist the company in funding its Karma project, in Burkina Faso; the funding will al..2014-09-03Robex Resources Incorporated’s Nampala mine, in Mali, is set to commence with production as set out in management’s discussion and analysis report for the quarter ended 30 June 2014.Following the commissioning of the ore processing plant in May 2014, the company reports having achieved a capacity of 2 500 tons per day at the Nampal..2014-09-03Legend Gold Corporation has stopped all exploration and other activities at its Republic of Congo operations following a report received from the company’s geologists.The report indicated that small scale operations were not viable under the current market conditions.2014-09-03Central Rand Gold Limited has advised shareholders that it has entered into a non binding Memorandum of Understanding with Zhejiang Golden Machinery Plant.The Memorandum of Understanding outlines a strategic partnership whereby Zhejiang Golden Machinery Plant will assess Central Rand Gold’s metallurgical plant and determine if it c..2014-09-02Discovery Metals Limited has advised shareholders of its intention to undertake a 2 for 1 renounceable rights issue.The company will rights issue is at AUD0.02 per new Discovery Metals share and one option for every new share under the rights issue at an exercise price of AUD0.05 within 12 months of the issue date.2014-09-02Wesizwe Platinum Limited has released its trading statement for the six month period ended 30 June 2014.The company expects a basic loss per share attributable to ordinary shareholders of between 0.1 and 0.5 cents per share, compared to a basic loss per share of 5.80 cents reported for the previous corresponding period. &..2014-09-01Stratex International Plc has released the results from its 2014 drilling programme carried out at it Nyakagwe Village target in Tanzania.The best results include: 35.14 g/t gold over 2.45 metres from 53.35 metres including 167 g/t gold over 0.50 metres and 2.74 g/t gold over 8.50 metres from 53.00 metres including 10.57 g/t gold o..2014-09-01Atlatsa Resources Corporation has appointed Boipelo Lekubo as the new Chief Financial Officer of the company, with effect from 1 September 2014.Lekubo is a qualified Chartered Accountant with a B.com (Hons) degree. She has extensive experience in group financial management and reporting within the mining industry. She pre..2014-08-29Birimian Gold Limited has released the final analytical results from the exploration campaign conducted at the Basawa gold project in Liberia.The results confirmed a 15km gold trend which hosts multiple gold prospects. High priority targets have been identified for trenching, channel sampling and maiden drill testing at t..2014-08-29MOD Resources Limited has raised AUD2 million in a two tranche placement, following the recent positive results from the company’s Kalahari copper project in Botswana.The company plans to use the funds from the placement for infill and extensional drilling programmes at its 100% owned Mahumo copper/silver project, in Bots..2014-08-28DiamondCorp Plc has released its interim results for the six month period ended 30 June 2014.Capital expenditure on underground development and mine infrastructure at the Lace mine, in South Africa, amounted to R76.8 million.The company revised its development budget and sched..2014-08-28Perseus Mining Limited has released updated Mineral Resource Statements following infill drilling conducted at the Edikan gold mine in Ghana.The company adjusted previous Mineral Resources Statements to the mining surface as at 30 April 2014, following which the overall net decrease in Mineral Resources was approximately ..2014-08-27Kenmare Resources Plc has released its half year results for the six month period ended 30 June 2014.The company reports a 47% increase, from H1 2013, in ilmenite production to 445 600 tonnes and a 12% increase, from H1 2013, in zircon production to 21 400 tonnes.Ken..2014-08-26Coal of Africa Limited has opened a private placement to new and existing investors with the aim of raising approximately GBP38.225 million.The company will issue up to 695 000 000 new shares at a price of GBP0.055 per share.The placement will be carried out in two s..2014-08-26Sylvania Platinum Limited has released its preliminary results for the full year ended 30 June 2014.The group reports revenue to have increased by 18% from $40.0 million reported for FY13 to $47.2 million for FY14.EBITDA from the group’s dumping operations increased by 29% yea..2014-08-26Exxaro Resources Limited has released its results for the six month period ended 30 June 2014.The company reports zero fatalities during the period under review, bringing the total up to 20 consecutive months without a fatality.Coal production amounted to 18.8 million tonnes w..2014-08-26African Consolidated Resources Plc has agreed with Falcon Gold Zimbabwe Limited to an additional extension to the date of payment for the purchase of the Dalny mine, in Zimbabwe.Both parties have agreed to extend the final payment date to 31 October 2014, at which time African Consolidated Resources is to pay the outstanding $7.5 m..2014-08-26Triton Minerals Limited has announced the appointment of Alfred Gillman as an Executive Technical Director, effective immediately.Gillman has over 30 years experience as a geologist in gold, base metals, uranium and industrial minerals. He has been involved in exploration and development projects across the globe, including in Afri..2014-08-25Kibo Mining Plc has released an update regarding the Definitive Feasibility Study conducted at the Rukwa coal to power project located in Tanzania.The company reports that phase 1 of stage 1 of the Definitive Feasibility Study is currently underw..2014-08-25Gold Fields Limited has released its unaudited results for the quarter ended 30 June 2014.Normalised earnings from continuing operations amounted to $25 million, an increase of $4 million when compared to the $21 million recorded for Q1 2014 and a significant increase from the loss of $36 million reported for the previous correspon..2014-08-25Universal Coal Plc has been granted a mining right over the Brakfontein coal project by the Department of Mineral Resources in South Africa.Pursuant to securing the mining right and the National Environmental Management Act license, the company n..2014-08-25Prospect Resources Limited has successfully raised AUD1 078 748 through the issuing of approximately 71.9 million shares at 1.5 cents each.The shares were placed to a South African company, Armoured Fox Capital (Pty) Ltd, which is represented by Sithembiso Mthethwa and Manana Nhlanhla. Armoured Fox Capital will become a m..2014-08-21Stratex International Plc has released its unaudited interim results for the six months ended 30 June 2014.Drilling carried out at the company’s Dalafin project, in Senegal, returned positive results from both the Faré South prospect and the Madina Bafé prospect. Broad zones of gold mineralisation h..2014-08-20African Consolidated Resources Plc has received notice that the proposed acquisition of the Dalny mine and associated infrastructure, in Zimbabwe, has been duly passed by Falcon Gold Zimbabwe Ltd shareholders.The deadline for payment of the outstanding consideration, $7.5 million, has been extended until 22 August 2014...2014-08-20AngloGold Ashanti Limited’s Board of Directors has requested to have its ordinary shares and depositary interests delisted from the main market of the London Stock Exchange Plc.The Board has also resolved to terminate its UK depositary interest programme which was established in 2012 to facilitate trading of the company’s shares on..2014-08-19Kibaran Resources Limited has completed the upgraded Scoping Study conducted at its Epanko graphite deposit located in Tanzania.The study, which was based on the recently reported Indicated Mineral Resou..2014-08-18Kasbah Resources Limited has completed an infill drilling programme on the Sidi Addi trend of the Achmmach tin project located in Morocco.Four diamond holes were drilled, which intercepted high grade tin at shallow depths.Best down hole intercepts include: ..2014-08-18Trochilidae Resources, a wholly owned subsidiary of Hummingbird Resources Plc, has drawn down the full amount of $10 million available under the Taurus Mining Finance Fund Bridge facility.The bridge facility is the first of the two phase debt facility, which will enable Hummingbird Resources to fund the construction of th..2014-08-18KEFI Minerals has independently verified the updated JORC Mineral Resource for its Tulu kapi gold project in Ethiopia.The company reports a total Indicated and Inferred Resource of 23.7 million tonnes at 2.51 g/t gold for 1.9 million ounces gold.<..2014-08-18Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has released its financial and operational results for the six month period ended 30 June 2014.The company reports an increase in production from existing assets from 687 757 barrels, for the six months ended 30 June 2013, to 821 786 barrels for the period under review..2014-08-18Golden Rim Resources has signed a non-binding Indicative Term Sheet with Sprott Private Wealth LP to raise approximately AUD3 025 000.The term sheet outlines that Sprott Private Wealth will acquire a minimum of 230 million ordinary shares and a maximum of 275 million ordinary shares at an issue pric..2014-08-15BHP Billiton has released an update regarding its ongoing focus on simplifying its portfolio and its pursuit of making the company simpler and more productive.The company is actively studying the next phase of simplification, including structural options. BHP Billiton wishes to retain the benefits of diversification and therefore m..2014-08-15Shaw River Manganese Limited has entered into an agreement with Bryve Resources (Pty) Ltd to receive funding for the development of the company’s 100% owned Otjozondu manganese project located in Namibia.Bryve Resources has agreed to p..2014-08-14Northam Platinum Limited has released its reviewed preliminary results for the year ended 30 June 2014.The company reports a 89.9% decrease in operating profit to R61.5 million for the period under review. This significant decrease is attributable to the high increases in various components making up the cost of sales including, bu..2014-08-14Harmony Gold Mining Company Limited has released its financial results for the year ended 30 June 2014.The company reports a year on year increase of 3% in gold production to 36 453kg. All-in-sustaining costs decreased, year on year, by 4% to R413 433/kg. Underground recovered grade improved 5% to 4.77 g/t gold. Total capital expen..2014-08-14Avocet Mining Plc has placed 9 950 000 new ordinary shares with existing investors at a price of 7.13 pence per share to raise approximately $1.2 million.The issue price for the shares represents a 5% discount to the closing price of 7.51 pence per share on 13 August 2014.The ..2014-08-13African Eagle Resources Plc has announced the suspension of trading on AIM and AltX resulting from the company not completing acquisitions which constitute a reverse takeover under the AIM rules.The company is currently in the process of implementing its investing policy. Should the company be unable to implement the poli..2014-08-13Tjate Platinum Corporation (Pty) Ltd, a subsidiary of Jubilee Platinum Plc, has submitted its Environmental Impact Assessment and Environmental Management Programme to the Department of Mineral Resources for its Tjate platinum project in South Africa.2014-08-13Stellar Diamonds Plc has released an operational update from its Baoulé kimberlite project located in Guinea.Currently the company is using its existing Guinea mining plant and equipment with the aim of fast tracking the project with first commissioning ore expected to be process in September 2014.
&..2014-08-12Camac Energy Incorporated has released its financial and operating results for the quarter ended 30 June 2014.During the period under review, the company commenced with the drilling programme for the Oyo-8 well which is located offshore Nigeria. The well was drilled to a total depth of 6 059 feet and successfully intersec..2014-08-12Aquarius Platinum Limited has released its preliminary results for the year ended 30 June 2014.Key financial points for the year included a significantly strengthened balance sheet, resulting from the conclusion of rights issue and the repurchase of bonds, which alone generated $11 million in profit.
2014-08-11AngloGold Ashanti Limited has released its production results for the three month period ended 30 June 2014.AngloGold Ashanti further reported that no fatalities occurred across any of its 11 operations during the quarter. This is the first time since 2010 that no fatalities have been reported. The all injury frequency rate improve..2014-08-11Tawana Resources NL has advised shareholders that all non-essential field activities in Liberia have been suspended, due to the current health risk associated with the recent outbreak of the Ebola Virus Disease.The Pre-Feasibility Study, which does not require direct field presence, will continue to be progressed.2014-08-11Kogi Iron Limited and its 100% owned subsidiary, KMC Mining Limited, have placed the remaining 14.7 million fully paid ordinary shares at AUD0.03 per share.These Shortfall Share are expected to raise an additional AUD0.440 million pursuant to the 1:5 non-renounceable entitlement offer that closed in July 2014. &l..2014-08-11Botswana Diamonds Plc has announced that the drilling programme on Prospecting Licence No PL117/2011 in Orapa, Botswana, will commence in the third week of September 2014.The programme will focus on two specific targets, AN117/1 and AN..2014-08-11African Potash Limited has entered into a convertible securities issuance deed with Bergen Opportunity Fund, LP, regarding the issuance of zero coupon convertible securities.The convertible securities have a nominal value of up to $3 750 000 and will be payable in four tranches.2014-08-11IMX Resources Limited has received notification from MMG Exploration Holdings Limited stating that it will not exercise its right to proceed to stage 2 of the joint venture agreement at the Nachingwea property in Tanzania.MMG Exploration Holdings..2014-08-08Wescoal Holdings Limited’s subsidiary Wescoal Mining (Pty) Ltd has entered into an acquisition agreement with Mintirho Mining (Pty) Ltd for the Intibane phase 2 mining right, which is adjacent to the company’s Intibane Colliery in South Africa.&l..2014-08-07Randgold Resources Limited has achieved another record production from its Loulo-Gounkoto complex in Mali, which sees the company reaching the halfway mark to achieving its guidance for the year.The Loulo-Gounkoto complex recorded production of 174 052 ounces of gold. Other highlights incl..2014-08-06Oando Plc has completed its acquisition of ConocoPhillips’ Nigerian Upstream oil and gas business for a total consideration of $1.5 billion.The acquisition of the Nigerian oil and gas businesses includes both the onshore business, Phillips Oil Company Nigeria Limited and offshore businesses Conoco Exploration and Producti..2014-08-05Triton Minerals Limited has released its preliminary exploration results from the Balama South project in Mozambique.Highlights included the identification of surface graphite mineralisation during exploration in numerous locations at Balama South. The company also identified visible large flake and..2014-08-05Coal of Africa Limited has released an operational update for the quarter ended 30 June 2014.During the quarter, Front End Engineering and Design processes for the Vele Colliery plant modification was continued by Sedgman and there was no lost time due to injuries.&l..2014-08-05Orbis Gold Limited has been granted the 380km² Korhogo West exploration permit located in the northern region of Cote d’Ivoire.The Korhogo West permit is located along the Banfora greenstone belt which hosts the multi-million ounce Tongon and Banfora gold deposits.Th..2014-08-04Sula Iron & Gold Plc has released an operational update from its 100% owned Ferensola iron ore project in Sierra Leone.The results from the final three batches of the direct shipping ore drill programme, yielded; BHDD159, 8 metres ..2014-08-04Kenmare Resources Plc has agreed on an amendment to the project financing terms for the Moma mine in Mozambique.The amendment eliminates the requirement to make scheduled principal payments of senior debt and payments of interest and principal of subordinated debt, which are due in August 2014, February 2015 and August 20..2014-08-04Giyani Gold Corporation remains in exclusive negotiations with a private international energy company and has extended the period of exclusivity to 15 August 2014.Both companies continue to negotiate the terms and conditions for the transaction, as they work towards completing the agreement.
2014-08-01North River Resources Plc has been granted environmental clearance by the Namibian Ministry of Environment and Tourism for the Environmental Assessment and Environmental Management Plan for the proposed re-commissioning of its Namib lead zinc mine in Namibia.2014-08-01Lonmin Plc has entered into a binding agreement with the Bapo ba Mogale Traditional Community regarding a series of transactions.The transactions will enable the group’s relevant companies to meet the South African government requirements regarding Black Economic Empowerment targets. Under the agreement, the Bapo ba Mogal..2014-07-31Predictive Discovery Limited has released the results from the drilling and trenching that took place on its Bongou gold prospect in Burkina Faso.The company has identified five additional gold mineralised targets surrounding its Bongou prospect..2014-07-31Aureus Mining Incorporated has advised shareholders that it has closed the subscription by International Finance Corporation for 24 520 296 units at an issue price of £0.27 per unit.Each unit comprises of one common share and half of one common share purchase warrant. Each full warrant entitles the holder to purchase one share at a..2014-07-30Exxaro Resources Limited has entered a binding sale and purchase agreement with Total S.A to acquire 100% of the issued share capital of Total Coal South Africa (Proprietary) Limited.The acquisition will enable Exxaro Resources to increase its coal portfolio and to establish itself as a pr..2014-07-30African Barrick Gold Plc has released its financial and production results for the six months ended 30 June 2014.Gold production for H1 2014 increased by 13% from H1 2013 to 346 581 ounces and gold sales increased by 5% to 330 947 ounces over the same period.
2014-07-30Randgold Resources Limited reports that it is continuing to make headway at the Tongon gold mine in Cote d’lvoire despite ongoing technical issues.The company has not achieved the production ramp-up target set for the mine due to the flotation circuit needing to be expanded as well as a mechanical f..2014-07-30Delrand Resources Limited has closed its non-brokered arm’s length private placement of 500 000 units at a price of CAD0.50 per unit for proceeds amounting to CAD250 000.Each units includes one common share in Delrand Resources and a half of one warrant of the company. Each full warrant entitles the..2014-07-30African Potash Limited has released an update regarding the drilling activities being conducted at its Lac Dinga Potash project located in the Republic of Congo.In June 2014, the company appointed RCT srl to undertake a maiden 1 000 metre diamond drill programme. African Potash has reported that the..2014-07-29Paladin Energy Limited has advised shareholders that it has successfully completed the disposal of its 25% stake in the Langer Heinrich uranium joint venture project in Namibia.The company sold its stake to CNNC ..2014-07-29Cardinal Resources Limited has announced that its 100% owned subsidiary, Cardinal Mining Services Limited, has entered into a Heads of Agreement with Savannah Mining Ghana Limited for the provision of mining support services to Ghanaian mining license holders.Savannah Mining Ghana has signed a strategic agreement with Nam..2014-07-28Lonmin Plc has released its Q3 2014 production results for the quarter ended 30 June 2014 and an interim management statement covering the period from 1 April 2014 to 25 July 2014.The company reports that 90% of all their employees have returned to work and production has commenced. To date the company has incurred costs ..2014-07-28Anglo American Plc has released its financial results for the six month period ended 30 June 2014.The group continued to perform well during the period under review despite weaker commodity prices. Higher volumes were achieved across most of the portfolio, with a 2% decrease in cash costs, in real terms. Group underlying ..2014-07-28Republic Gold Limited has announced the resignation of its Managing Director and Chief Executive Officer, Mark Gillie, with effect from 31 July 2014.Gillie will, however, remain active on the company’s Board of Directors, reviewing a number of exciting opportunities which are being considered for af..2014-07-28IMX Resources has released an update regarding its Ntaka Hill Nickel sulphide project located in Tanzania.The company entered into a joint venture agreement with MMG Exploration Holdings Limited regarding the Nachingwea property, under which MMG Exploration may earn up to a 60% interest in the Nachi..2014-07-23Anglo 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..2014-07-23Bushveld Minerals Limited has completed the Scoping Study for its Bushveld Vanadium project in South Africa.The study revealed robust economics for a 1 million tonne per annum run-of-mine which is targeting10 370 tonnes of vanadium oxide. The study demonstrated a low capital expenditure of 261.5 million, a pre-tax Net Present Value..2014-07-23GoldStone 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..2014-07-22Aquarius 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..2014-07-21Buffalo 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..2014-07-21MOD 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 ..2014-07-21Triton 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 ..2014-07-21Elemental 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..2014-07-21Keaton 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..2014-07-21Argosy 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..2014-07-21Royal 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..2014-07-18Kumba 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..2014-07-18Anglo 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..2014-07-16Aureus 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..2014-07-16Gold 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..2014-07-16LP 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..2014-07-16Kumba 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..2014-07-16Rockwell 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 ..2014-07-15Papillon 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..2014-07-15Anglo 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 2013.2014-07-15Botswana 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..2014-07-15Elemental 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..2014-07-14Perseus 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 ..2014-07-14Kibo 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..2014-07-09IMX 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’..2014-07-09Caledonia 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 ..2014-07-09Kenmare 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 ..2014-07-09Forbes & 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 ..2014-07-09Savannah Resources Plc has completed its scout drilling programme at its 180 kilometres² Jangamo heavy mineral sands project in Mozambique.