2015-07-30Wescoal Holdings Limited has released an update regarding operations at its Elandspruit mine located in Mpumalanga, South Africa.The Company delivered first coal from its Elandspruit mine as planned. The coal was successfully processed at the beneficiation plant and the beneficiated product was in line with the Company’s ..2015-07-30Sylvania Platinum Limited released is full year production results for the fourth quarter ended 30 June 2015.Sylvania Dump Operations’ platinum group metal ounce production increased by 5% to 13 468 ounces, from 12 778 ounces recorded during Q3 FY15.The Com..2015-07-29Lonmin Plc announces a business update as well as its production results for the three months ended 30 June 2015The Company reported that the rolling 12 month average Lost Time Injury Frequency for the 12 months to 30 June 2015 increased to 5.26 incidents per million man hours compared to 2.76 at 30 June 2014, due to the ..2015-07-29Aquarius Platinum Limited released its production results for the quarter ended 30 June 2015.Attributable production from operating mines continued to increase by 5% quarter-on-quarter, a 6% increase compared to the previous corresponding period. Production at Kroondal and Mimosa remained at record levels for Q4 FY15.&..2015-07-28Tanga Resources Limited has released an exploration update for the Geita project in Mabale Hills located in Tanzania.Infill sampling identified coherent gold-in soil geochemical anomalies at the Manyiro prospect. Ground magnetic surveying carried out at the Manyiro prospect demonstrated intense magnetic anomalies occurring along a ..2015-07-28Metals of Africa Limited released results from its graphene test work at the Montepuez Central graphite project located in Mozambique.The Company successfully produced graphene oxide and graphene at its 100% owned Montepuez Central graphite project. The three processes were tested and the thermal method, demonstrated prod..2015-07-28Rift Valley Resources Limited has released further drilling results for its 100% owned Miyabi gold project located in Tanzania.Drilling has been completed and the Company has received all assay results, which confirmed the presence of a thick high grade shoot at the Dalafuma prospect. Results included 18 metres at 6.90 g/..2015-07-27Sibanye Gold Limited released its trading statement for the six months ended 30 June 2015.The Company expects profit attributable to shareholders to be between R135 million and R230 million, a decrease when compared with profit attributable to shareholders of R533 million recorded during the six months ended 30 June 2014...2015-07-24Anglo American Plc has released its half year financial report for the six months ended 30 June 2015.Anglo American showed improved operational performance and accelerated cost and capex reductions.The Company achieved underlying EBIT of $1.9 billion, repre..2015-07-21Kumba Iron Ore Limited has released its production and sales report for its 100% owned Sishen Iron Ore Company (Pty) Ltd for the second quarter ended 30 June 2015.Total production was recorded at 10.4 million tones, a 9% decrease when compared to the 11.4 million tones recorded in Q2 FY14 and a 15% decrease when compared ..2015-07-21Oklo Resources Limited has released an update on its initial aircore drilling programme at the Socaf and Yanfolila projects located in western and southern Mali.The drill rig moved from the Socaf project to the Yanfoilia project and started the planned 1 000 metre aircore drilling programme.
2015-07-21IMX Resources Limited has secured a AUD1.6 million strategic investment by a major Chinese company, owned by Chen Yonglian, as well as investments from key service providers and IMX Resources Directors.This makes up over half of an AUD $3.0 million share placement comprising of 250 million shares at 1.2 cents per share, s..2015-07-21Anglo American Platinum Limited has released its production report for the second quarter ended 30 June 2015.The Company reported a 60% increase in group equivalent refined platinum production to 572 000 ounces. Refined platinum production increased by 33% to 561 000 ounces compared to the strike which affected the Q2 201..2015-07-21Kibo Mining Plc has announced that all conditions precedent in the Joint Development Agreement with Shandong Electric Power Construction Corporation (SEPCO III) have been fulfilled and the Agreement is now unconditional.SEPCO III has fulfilled its funding commitments as stated under the terms of the Agreement. &l..2015-07-21Aureus Mining Incorporated has released an update on its New Liberty gold mine located in Liberia.Following a successful period of commissioning, the New Liberty process plant has reached the nameplate capacity.The process plant recently underwent a 24 hour performan..2015-07-20Kibaran Resources Limited has been granted a mining license by the Ministry of Energy and Minerals of Tanzania for its Epanko graphite project.The mining license was the remaining major milestone for the Company in terms of approval from the government.The ..2015-07-17Anglo American Plc has successfully completed the sale of its 50% ownership interest Lafarge Tarmac Holdings Limited to Lafarge SA.The Company received approximately £992 million in cash proceeds, constituting the agreed minimum consideration of £885 million as stipulated in the July 2014 binding agreement and approximate..2015-07-17Anglo American Plc has announced its production report for the second quarter ended 30 June 2015.Kumba Iron ore Limited, a subsidiary of Anglo American reported a decrease in production of 9% to 10.4 million tonnes due to mining feedstock restraints applied at the Sishen mine in South Africa.
2015-07-15Rockwell Diamonds Incorporated releases results for Q1 FY16 and highlights plans for the future.During the quarter, Rockwell Diamonds acquired and assumed operating control of the Remhoogte/Holsloot project in Middle Orange River, South Africa.Financing is planned to raise bot..2015-07-15Edenville Energy Plc has released an update regarding its Rukwa coal to power project in Sumbawanga, located in Tanzania.The Company is currently in the formal review process for the Rukwa Power Plant Feasibility Study with the Ministry of Energy and Minerals in Tanzania and Tanesco, the country’s power generator.&nbs..2015-07-14Cradle Resources Limited released its update on the feasibility study currently being conducted at the Panda Hill niobium project in Tanzania.The feasibility study is on schedule as all the key activities have commenced and the revised concept considers an initial throughput of approximately 1.3 million tonnes per annum, ..2015-07-14IMX Resources Limited and its joint venture partner Loricatus Resource Investments have released a summary of the technical worked completed in the Ntaka Hill nickel project located in Tanzania.Results from the work indicated that the project has potential to be developed as a high-grade open pit and underground operation..2015-07-13Kibo Mining Plc has released its independent airborne geophysical data interpretation results for the Haneti nickel project located in Tanzania.The report confirmed the position, strike extent and internal structure of two new mafic-ultramafic zones expanding significantly the previous known “footprint” of the Haneti-Itis..2015-07-13Hummingbird Resources Plc, through its wholly owned subsidiary Hummingbird Resources (Liberia) Inc, has signed a 25 year Mineral Development Agreement with the Government of Liberia for the 2 000 kilometre² Dugbe Shear Zone which contains its 4.2 million ounce Dugbe gold project in Liberia.The Agreement will be sent for ratificatio..2015-07-13Triton Minerals Limited has released an update regarding the recent activities conducted at the Nicanda Hill, Ancuabe and Balama South graphite projects, all located in Mozambique.The Company reported that development and timeline is on-track at Nicanda Hill, with the Environmental and Social Impact Assessment and the Environmental..2015-07-09Firestone Energy Limited has requested an extension to its voluntary trading suspension of its securities which is due to expire on 10 July 2015.The extension will allow time to finalise third party funding to replace its existing funding arrangement with Standard Bank of South Africa.
<..2015-07-09Wescoal Mining (Pty) Limited, a subsidiary of Wescoal Holdings Limited, has announced the appointment of Diesel Power Open Cast Mining (Pty) Limited as the mining contractor for the Elandspruit mine in Mpumalanga, South Africa.The Company has commenced with mining activities at the Elandspruit mine and will start producin..2015-07-09Tawana Resources NL has discovered new high-grade Direct Shipping Ore (DSO) hematite mineralisation averaging 62.8% iron and 66% iron in Monrovia, Liberia.In addition, the Company discovered a strike greater than 2.2 kilometres of friable itabirite mineralisation in the Goehn prospect as part of its ongoing low-cost exploration str..2015-07-08Tharisa Plc has released its production report for the three months ended 30 June 2015.The Company reported that the volume of 6E (ruthenium, rhodium, palladium, osmium, iridium, and platinum) platinum group metals produced increased from 17.4 thousand ounces for Q3 FY14 to 33.5 thousand ounces for Q3 FY15. <..2015-07-07Gryphon Minerals Limited released the results of the Optimisation Study for the development of a 2 million tonne per annum heap leach start up operation at its flagship Banfora gold project in Burkina Faso.Results from the study demonstrated excellent project economics from optimisation of the start-up 2 million tonnes pe..2015-07-07Globe Metals and Mining Limited has received approval for its mining lease application from the Ministry of Natural Resources, Energy and Mining of Malawi for the Kanyika niobium project.The mining lease is subject to the conclusion of a Development Agreement, which will, once finalised, specify the conditions of operatio..2015-07-06The Blanket Mine in Zimbabwe, a 49% owned subsidiary of Caledonia Mining Corporation, has released its production update for the quarter ended 30 June 2015.Gold production for the Blanket Mine remains on track to achieve its target production of 42 000 ounces for 2015.2015-07-03Cardinal Resources Limited has released its drilling results from the Namdini Mining License in Ghana.The Company successfully completed its first drill hole located 400 metres north along strike at the Namdini mining license.Results from the drilling yielded 99 metr..2015-07-02South32 Limited has appointed Dr Xolani Mkhwanazi to serve as the Company’s new Non-Executive Director with effect from 02 July 2015.Dr Mkhwanazi has been serving as Chairman of BHP Billiton Limited’s South Africa operations since October 2008. He serves also, as the President and Chief Operations Officer of BHP Billiton’..2015-07-02Vast Resources Plc has released a progress update for the Pickstone-Peerless gold mine located in Zimbabwe.The first two blasts, one being at Pickstone open cast and one at the Peerless open cast pit, have been completed.The Company is currently building th..2015-07-02Coal of Africa Limited has advised that the sale and purchase agreement entered into with Blackspear Capital for the disposal of the Mooiplaats Colliery for R250 million will not be extended further and therefore will lapse.Coal of Africa is continuing discussions with various parties regarding the sale of the Mooiplaats asset, inc..2015-07-01Delrand Resources Limited has voluntarily delisted its common shares from the Toronto Stock Exchange after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits for the Company and its shareholders.Ongoing costs and expenses, both direct and indirect associated with listing on the..2015-07-01Jubilee Platinum Plc has completed tranche 2 of the acquisition to acquire 100% interest in Pollux Investment Holdings (Pty) Ltd which holds the exclusive rights to the DCM platinum recovery project in Limpopo, South Africa.The DCM platinum recovery project is the benefication of the platinum group metals from the chrome ..2015-07-01Sula Iron and Gold Plc released its unaudited consolidated interim results for the six months ended 31 March 2015.During the period under review, the Company undertook an exploration programme that yielded high concentration levels of coltan along streams originating from deeper within its license area. During the gold exploration ..2015-07-01African Rainbow Minerals Limited and Assore Limited have reached a definitive agreement for Assore to acquire 50% interest in the Dwarsrivier chrome mine in South Africa.The Dwarsrivier chrome mine is currently owned and operated by Assmang (Pty) Limited, an equal joint venture between African Rainbow Minerals and Assore...2015-06-30Universal Coal Plc has released a trading statement for the quarter ending 30 June 2015 and reported that group EBITDA is expected to be 50% higher than the previous corresponding quarter.The expected increase in EBITDA is attributable to the Company achieving optimal run of mine production post the completion of the ramp up period..2015-06-30Rift Valley Resources Limited has received assay results from the Dalafuma and Dalafuma North West prospect area at the Miyabi gold project in Tanzania.The drill results included 23 meters at 4 .22 gram per tonne from 45 meters, 27 meters at 3.64 grams per tonne from 78 meters including 3 meters at 21.7 grams per tonne from 93 mete..2015-06-29Kumba Iron Ore Limited has announced the appointment of Andile Sangqu as a Non-Executive Director of the Company’s Board with effect from 29 June 2015.Sangqu is currently serving as the Executive Head of Anglo American South Africa and is now appointed on Kumba Iron Ore’s Board as a shareholder representing Ang..2015-06-29IMX Resources Limited has received a cash payment of $1.7 million from Loricatus Resource Investments, a subsidiary of Fig Tree Resources Fund II.The cash payment is the remainder of the first tranche of $2.0 million which is payable by Fig Tree Resources Fund under the joint venture agreement for the Ntaka Hill Nickel project loca..2015-06-29Black Rock Mining Limited has released an update on exploration activities currently underway at its Mahenge project located in Tanzania.The Company reported highly encouraging early stage results.Black Rock Mining drilled spectacular coarse flake graphite at Epanko ..2015-06-26Sephaku Holdings has released its audited financial results for the year ending 31 March 2015.The Company’s subsidiary Metier recorded a 36% increase in revenue from R571.5 million as reported for FY14 to R775.4 million for FY15 and a 39% increase in EBITDA from R100.0 million to R139.1 million. Metier’s Operating profit increased ..2015-06-24Keaton Energy Holdings Limited has released its reviewed provisional condensed consolidated results for the year ended 31 March 2015.Cash generated from operations increased by 29%, from R416.9 million achieved during FY14 to R536.9 million in FY15.Revenue ..2015-06-23Castle Minerals Limited and Dundee Precious Metals Incorporated have entered into a Heads of Agreement regarding two of Castle Minerals’ concessions in north west Ghana.Under the agreement, Dundee Precious Metals is able to earn up to an 80% stake in the two Wa South concessions. Dundee Precious Metals has agreed to provi..2015-06-23The Tanzanian Ministry of Energy and Minerals has granted Mozambi Resources a mineral right on three key tenements that make up the Nachingwea Graphite project.Wide zones of graphitic schist continues to be identified through recognisance mapping on the Nachingwea project. The priority target has an outcropping width of 1..2015-06-23Wescoal Holdings Limited has released its group annual results for the year ended 31 March 2015.Wescoal’s revenue increased by 46.0% to R1.67 billion. The Group reported a positive increase in margin percentage across both Miming and Trading. Cash generation increased by 101% and operational EBITDA grew 5.7% to R107 milli..2015-06-23Metals of Africa Limited has released results from its ongoing resource definition drilling programme at the Montepuez central graphite project in Mozambique.The drilling programme indicated high grade graphite mineralisation intersection and confirmed three mineralised prospects within the project-Buffalo, Elephant and L..2015-06-23AME East Africa Limited, a subsidiary of Savannah Resources Plc, has conditionally agreed to an unincorporated joint venture with Rio Tinto International Holdings Limited.Under the joint venture agreement, AME East Africa’s Mutumba, Dongane, Chilubane and Jangamo prospects will be combined with Rio Tinto International’s a..2015-06-22Predictive Discovery Limited has received AUD260 000 from Toro Gold Limited, its joint venture partner in Cote D’Ivoire.The payment was made following the resolution of several conditions precedent in a detailed Shareholder Subscription Agreement executed by Predictive Discovery and Toro Gold in H1 2015.2015-06-22Regency Mines Plc released an operational update on its agromineral exploration programme in Sudan.During the exploration programme a total of 72 dry stream, 18 soil orientation and 10 rock chip samples were collected from the concession area.The collected ..2015-06-18Erin Energy Corporation has commenced with production from the Oyo-7 well located in OML 120 offshore Nigeria.The well was drilled to a total depth of approximately 2 438 metres and was completed in the Pliocene formation. The Company expects that the Oyo-7 well will produce 7 000 barrels of oil per day, following optimis..2015-06-17Petra Diamonds Limited released its results for the year ended 30 June 2015.Petra Diamonds is currently in a transitional period due to underground production at the Finsch and Cullinan mines in South Africa, which are being sourced from mature and diluted mining areas, causing variability in run of mine grade as well as in product..2015-06-17Goldplat Plc has released an update relating to its gold recovery businesses and the significant progress each has made to counter the effects of Rand Refinery being unable to process certain by product material.Rand Refinery in South Africa, the Company’s third party refining partner, has been unable to process certain by products..2015-06-17Tawana Resources Nl has released an update regarding its Mofe Creek iron ore project located in Liberia.The Company has been granted approval to commence its exploration work programme on its exploration license, MEL1223/14. Tawana Resources will conduct further ongoing field mapping work to systematically assess remaining and addi..2015-06-15Anglo American Platinum Limited has released its trading statement for the six months ended 30 June 2015.The Group expects Headline Earnings and Headline Earnings per Share to be between R31 million or 12 cents per share, which is higher than the Headline Earnings and Headline Earnings per Share reported during six months..2015-06-15Assore Limited has announced the resignation of Robert John Carpenter as a Non-Executive Director of the Company’s Board with effect from 15 June 2015.Carpenter had been with the Group for 51 years, 29 years of which he was serving as a Director.Assore is a JSE list..2015-06-15Mustang Resources Limited has released an exploration update on its Save River diamonds project located in Mozambique.The Company’s appointed diamond geologist will evaluate and analyse results for its recent trial mining programme.Mustang Resources is continuing with the surf..2015-06-15Avocet Mining Plc released positive results from its drilling campaign at Souma in Burkina Faso.These are the first results to be released since the Company commenced with its drilling and metallurgical test work programme in April 2015.The progra..2015-06-15Auroch Minerals NL has announced positive results from a Preliminary Economic Assessment conducted on its Fair Bride gold project in Mozambique.The study has confirmed technical and economic viability, with a total gold production of 331 000 ounces over 7 years from an open pit and shallow underground mining, including a ..2015-06-15Wescoal Holdings Limited has entered into a new acquisition agreement with Mintirho Mining (Pty) Ltd after the first agreement entered into on 07 August 2014 lapsed.The acquisition of the mining right will enable Wescoal Holdings to extend the life of Intibane mine until the end of 2017...2015-06-12Tlou Energy Limited has commenced with drilling operations at its Selemo pilot area in Botswana.The Company’s objective for the expanded drilling programme at Selemo is to extend gas flow rates for a longer term.Tlou Energy’s underwritten non-ren..2015-06-12Rift Valley Resources Limited has released an exploration update for its Ozango project in Angola.The Company reported that trenching and bulk sampling of Longonjo rare earths prospect has been completed and rare earth metallurgical test work is currently in progress.The conce..2015-06-11Mwana Africa Plc has announced approved changes to its Board of Directors.Kalaa Mpinga has resigned as the Chief Executive Officer of the Company with immediate effect.Yat Hoi Ning, former Interim Non-Executive Chairman, has been appointed to serve as the Executive Chairman of..2015-06-11Mozambi Resources Limited has announced positive early results of geological mapping conducted at its Nachingwea graphite project in Tanzania.The Company reported that recognisance mapping at the Nachingwea graphite project identified wide zones of graphitic carbon on the first two tenements explored to date...2015-06-11African Potash Limited has entered into discussions with the ACTESA agency of the Common Market for Eastern and Southern Africa with a view to creating a vertical platform for the mining, production and distribution of fertiliser, focussed on the Eastern and Southern Africa region and beyond.The Company was identified as a potentia..2015-06-10Kibo Mining Plc has commenced its joint venture programme with Metal Tiger Plc at the Morogoro gold project in Tanzania.The Company reported that initial exploration work will investigate gold mineralisation anomalies that were previously identified, the work will include assay testing of existing samples for gold and multi-element..2015-06-10Impala Platinum Holdings Limited has announced the appointment of Dr Mandla Gantsho as the new Independent Non-Executive Chairman with effect from 21 October 2015.Dr Gantsho has been serving as an Independent Non-Executive Director of the Company since his appointment in August 2010. In addition, he is currentl..2015-06-10Pan African Resources Plc has released an update regarding the transaction agreements between Shanduka Group (Pty) Ltd, which holds 23.86% of the issued share capital of the Company, and the Pembani Group (Pty) Ltd.Requisite regulatory fillings have been submitted to merge the two entities and the merger is subject to regulatory an..2015-06-09Samancor Manganese joint venture Manager, South32 Limited, has delayed the restart of three of the four high-carbon ferromanganese furnaces at the Metalloys manganese alloy operation in South Africa.The Company’s decision to delay the restart follows a decline in high-carbon ferromanganese alloy prices by 20% since the beginning of..2015-06-09Firestone Energy Limited has applied for an extension to its voluntary suspension of its securities which is due to expire on Wednesday 10 June 2015.The extension is to allow time for The Waterberg Coal Company Limited, its parent company, to finalise a proposed third party funding arrangement to replace its existing funding arrang..2015-06-09Burey Gold Limited released its drilling results for additional 16 holes drilled at the Giro gold project in the Kilo-Moto Belt located in the Democratic Republic of Congo.Significant results from the drilling included: 47 metres at 4.13 g/t gold from 25 metres including 29 metres at 5.93 g/t gold from 25 metres from hole..2015-06-09Cardinal Resources Limited has commenced with the Phase 1 and Phase 2 drill programmes within the Namdini mining license area in Ghana.The drill programme will test approximately three times the additional strike length than what the Company drilled previously. The Company has planned 32 Reverse Circulation holes at 50 by 50 spacin..2015-06-08DiamondCorp Plc has placed 31 837 000 new ordinary shares of 0.1 pence each in the Company at 10 pence each to raise gross proceeds of approximately £3.18 million.The oversubscribed placement was undertaken with a range of new and existing institutional and private investors in both the UK and South Africa.<..2015-06-08Excalibur Mining Corporation Limited has entered into an agreement with Maybach Mining Services and Pinto Minerals Limited to conduct a due diligence on a Manganese deposit in early stage production in Zambia.The Company and Pinto Minerals have agreed to buy and Maybach Mining Services’ shareholders have agreed to sell 75% of their..2015-06-08Ortac Resources Limited has announced that, following a Secured Convertible Loan Note and Call Option Agreement entered into with Zamsort Limited, the Company’s Chief Executive Officer, Vassilios Carellas, has joined the Board of Zamsort as a Director.Carellas’ appointment will involve an executive management role in the operations..2015-06-04Sierra Rutile Limited has entered into an agreement with Carmanor Limited to grow its agriculture subsidiary, African Lion.The Company reported that Carmanor will earn-in to African Lion in return for fully-funding the expansion of African Lion's palm oil, rubber and cacao plantations over 2 500 hectares and the cons..2015-06-03Acacia Mining Plc has commenced with stoping operations ahead of schedule at the Gokoma underground at North Mara in Tanzania.The Company delivered the first ore to the process plant, which has demonstrated the expected geotechnical characteristics and delivered both grade and ore tonnes in line with the mine plan.&nb..2015-06-03KEFI Minerals has released an update on its Definitive Feasibility Study for its Tulu Kapi gold project in Ethiopia.The Company anticipates capital expenditure requirement of $120 million ounces, based on contract-mining and new process plant. This excludes historical equity-funded costs of over $50 million.&..2015-06-03Harmony Gold Mining Company Limited has released an update on its Doornkop mine restructuring in South Africa.The Company’s management is continuing with its consultation process with organised labour and other relevant stakeholders to explore a possible restructuring of the mine.2015-06-03Sierra Rutile Limited has announced the results of its study into dry mining the Sembehun deposit located in Sierra Leone.The results of the study confirms the viability of dry mining Sembehun. The study confirms also, that the Sembehun Dry Mine fits well into Sierra Rutile's previously announced long-term production plan and ..2015-06-03Oakbay Resources and Energy Limited has released its condensed consolidated financial results for the year ended 28 February 2015.The Company reported that the existing open cast gold mining operations returned significant turnaround in profitability as a result of a concerted effort to boost efficiencies, improve productivity and ..2015-06-03Sable Metals and Minerals Limited has announced the resignation of René Hochreiter as an Executive Director of the Company’s Board with effect from 1 June 2015.Hochreiter will continue to serve as a Non-Executive Director of the Board and Member of the Social and Ethics Committee.
2015-06-03Aureus Mining Incorporated’s 100% owned, New Liberty gold project, has successfully completed its first gold pour in the Republic of Liberia according to the project schedule.The Company reported that the hot and cold plant commissioning phases of the project continue to progress as scheduled.2015-06-02Rockwell Diamonds Incorporated has announced its operating performance, for its projects in South Africa, for the three and twelve months ended 28 February 2015.The Company reported lower grades at the Saxendrift project and lower volumes at Niewejaarskraal during wind-down for Q4 2015.
<..2015-06-02Kibo Mining Plc has signed various Joint Venture Agreements which will unlock further potential in Tanzania.The first phase results of the Definitive Feasibility Study for the Mbeya Coal to Power and the Imweru projects have exceeded management’s expectations across all aspects.2015-06-02Lucapa Diamond Company Limited has agreed on key terms of a financing deal that is aimed at doubling its alluvial diamond mining operations and growing cash flow significantly.The AUD4.5 million deal will see the Company source new Caterpillar earth moving fleet that will enable diamond mining at the Lulo Diamond Concession in Ango..2015-06-02Stellar Diamonds Plc has released its latest diamond sale results from the auction of diamonds conducted at its Baoulé kimberlite pipe in Guinea.The Company raised approximately $505 000 before costs from the diamond auction and sold 6 lots totalling 48.12 carats of 5 carat stones, sold for $510.17 per carat. To date, the..2015-06-01Viking Mines has executed a sale contract for its Akoase gold project located in Ghana for AUD10 million to the owner of the Sian gold project located 12 kilometres from Akoase.The sale comes after a selective tender process that was conducted over several months by Viking’s corporate adviser Emerald Partners to secure an..2015-06-01Botswana Metals Limited has commenced with its second extensive drilling programme at the Maibele north nickel joint venture prospect between the Company and BCL Limited.The aim of the new drilling programme is to upgrade the current resource from inferred to indicated with infill drilling. The Company will complete addit..2015-05-29Sipa Resources Limited has completed the detailed gravity survey to map the structure and extent of the ultramafic intrusion at Akelikongo prospect in Uganda and surrounding areas.Gravity survey results show evidence of ultramafic intrusive complex connected with the common nickel copper sulphide mineralisation.2015-05-27Aura Energy Limited has made an application for a mineral exploration permit over an area of 224 kilometre2 which joins to the south of its Hippolyte uranium resource in Mauritania.The Company reported that the area has recently become available and they are confident that the permit will be granted.
2015-05-27Oakbay Resources & Energy Limited has released its trading statement for the year ended 28 February 2015.The Company expects a loss attributable to equity holders of the parent and Headline Loss attributable to ordinary shareholders for the year ended 28 February 2015 of between R35 million and R40 million, an improvement o..2015-05-27Jubilee Platinum Plc has secured additional interim funding to ensure that current business development activities and the platinum surface processing projects continue to operate at optimum levels.The platinum surface projects continue to progress with the design phase having been executed and the principal engineering c..2015-05-27Premier African Minerals Limited has released a progress update on its RHA tungsten project located in Zimbabwe.The Company reported that the process plant was delivered to the RHA project site on schedule and that the offloading of the plant has been completed.2015-05-27Kibo Mining Plc has released a progress update for the Phase 2, Stage 1 Definitive Mining Feasibility Study at the Rukwa coal to power project in Tanzania.The Definitive Mining Feasibility Study remains on schedule and within the set budget. The trade-off studies have identified potential for significant operating expenditure reduc..2015-05-26Argonaut Resources NL has recommenced with a 2000 metre diamond core drilling programme over four prioritised targets at its Lumwana West copper project in Zambia.Approximately 600 soil samples will be collected north of Kamafamba prospect in an area with encouraging structural geology.&..2015-05-26Cardinal Resources Limited has placed 15 384 616 fully paid ordinary shares at 6.5 cents each with a free listed option attached.The option is exercisable at AUD0.15 on or before 30 September 2019 for every share subscribed for, to raise AUD1 000 000.In addition, the Company’s..2015-05-26Lemur Resources Limited has announced that Bushveld Minerals Limited intends to make an off-market takeover bid for all of the ordinary shares in Lemur Resources that it does not currently own.The Company reported that Bushveld Resources will offer AUD0.06 per share which place Lemur Resources’ value at AUD10.875 million...2015-05-25Following Buffalo Coal Corporation’s retrenchment process resulting from ongoing financial difficulties, the Company announced that it is currently considering restructuring alternatives at its Dundee operations in South Africa.The Company reported that previous underperformance by Magdalena underground, which depleted i..2015-05-22Avocet Mining Plc has released its Q1 2015 production and cash costs update.The Company reported total gold production of 17 011 ounces for the quarter at a cash cost of $1 113 per ounce, in comparison to total gold production of 19 503 ounces at a cash cost of $1 052 per ounce produced in the Q4 2014.2015-05-20South African Coal Mining Holdings Limited has announced the appointments of Christopher Dhlamini and Joseph Mokgokong as Independent Non-Executive Directors to the Board of Directors with immediate effect.Dhlamini is a qualified Chartered Accountant with over 30 years of experience in auditing public entities in African ..2015-05-20Caledonia Mining Corporation has announced an increase and an upgrade of its resource base at its Blanket Mine in Zimbabwe.The Company reported that it has been possible to upgrade 491 000 tonnes from the Inferred to Indicated Resource categories to add 47 000 tonnes of new inventory to Indicated Resource based on the drilling that..2015-05-20South32 Limited had been admitted to the official list of the Australian Securities Exchange and ordinary shares have commenced trading on a deferred settlement basis on 18 May 2015.The Company’s ordinary shares are expected to commence trading on a normal settlement basis on 2 June 2015. South32 will also have a secondar..2015-05-20Tawana Resources NL has entered into a non-binding Memorandum of Understanding with WISCO CAD Mining Company Limited, relating to the access and use of the WISCO CAD’s port facilities in Liberia.Both parties are entering negotiations with the aim of finalising a definitive cooperation agreement for the use of the current existing w..2015-05-19Kibaran Resources Limited has announced the results of its recent testwork designed to determine the suitability of its Epanko graphite project, in Tanzania, for the production of Expandable Graphite Salt.The testwork is being conducted alongside the process design testwork for the Bankable Feasibility Study to support graphite sal..2015-05-19South Boulder Mines Limited has released its maiden JORC Ore Reserve estimate for the Colluli potash project in Eritrea, East Africa.Results from the maiden JORC potassium salt Ore Reserve yielded an estimate of 1.1 billion tonnes at 10% Potassium equivalent, comprising of 287 million tonne Proved Ore Reserve and 820 million tonne ..2015-05-19Mozambi Resources Limited has extended the exclusivity period of the Term Sheet relating to the negotiations surrounding the sale and transfer of two prospective graphite licenses in Mozambique.The Company has signed a variation of the Term Sheet whereby the exclusivity period is extended by nine months following the execution of t..2015-05-19Walkabout Resources has confirmed high grade assay results of up to 44% of Total Graphitic Carbon at its Lindi Jumbo Graphite project located in Tanzania.The 26 grab and dig samples across the substantial outcrop areas and pits on three of the four licences covered a strike distance of some 25 kilometres.<..2015-05-15Atlatsa Resources Corporation has released its results for the fourth quarter and year ended 31 December 2015.The Company reported that total tonnes milled decreased by 4.4% quarter-on-quarter to 372 896.4E (platinum, palladium, rhodium and gold) platinum group metals of ounce..2015-05-15Minemakers Limited has announced that the Gadde Bissik prospect, a wholly owned subsidiary of Baobab Mining and Chemical Corporation SA, has been granted a Small Mine Permit in the Republic of Senegal.The permit was granted for the Baobab phosphate project and gives the Company unlimited mining and processing within the 5..2015-05-15Liontown Resources Limited has defined a new, high order gold target at the Simba prospect following a review of exploration data for the Jubilee Reef project located in Tanzania.The review defined a 1 kilometre South West and North East trending Target in Zone A, which remains open along strike and an extensive high order soil ano..2015-05-14Sibanye Gold Limited has announced the appointment of Jiyu Yuan as a Non-Independent Non-Executive Director of the Company’s Board with effect from 12 May 2015.The appointment of Yuan is in accordance with a written agreement entered into between Sibanye Gold and Gold One International Limited for the acquisition by Sibanye Gold of..2015-05-13Arcelormittal South Africa Limited has released its unaudited operational update for the quarter ended 31 March 2015.The Company’s liquid steel production increased by 8.7% to 108 000 tonnes, this was as a result of capacity utilisation rates increasing from 77% to 84% due to enhanced stability.<..2015-05-13Randgold Resources Limited has released its production report for the three month period ended 31 March 2015.The Company reported a 5% increase in profit to $143.9 million, despite reduced gold production of 279 531 ounces resulting from planned lower grades. Profit of $51.3 million for Q1 2015 was impacted by increased exploration..2015-05-12Minemakers Limited has delivered its maiden Inferred Mineral Resource for the Gadde Bissik prospect, located in the Baobab Rock phosphate project in the Republic of Senegal.The Maiden Inferred Mineral Resource amounts to 68 million tonnes at 22% phosphorus pentoxide at an 18% phorphorus pentoxide cut-off. The 5 kilometer² small min..2015-05-12BHP Billiton has announced the appointments of Frank Cooper, Peter Kukielski, Futhi Mtoba and Wayne Osborn as Non-Executive Directors of South32.Keith Rumble was appointed to the South32 Board of Directors on 27 February 2015 and he is set to resign from BHP Billiton with effect from 22 May 2015.<..2015-05-12Premier African Minerals Limited has released a progress update on its subsidiary, Circum Minerals Limited, which holds a 100% stake in the Danakil potash project in Ethiopia.The current Mineral Resource Estimate for the Danakil project consists of 2.6 billion tonnes of Measured and Indicated Resources grading 19.2% potassium chlor..