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 Resources Statements following infill drilling conducted on 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.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..2014-07-09Anglo 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..2014-07-09African 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..2014-07-08Castle 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..2014-07-07Kibaran 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 ..2014-07-07Waterberg 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..2014-07-07North 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 ..2014-07-07Apollo 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 significant2014-07-04Boss 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 gold2014-07-04Pan 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 ..2014-07-02Hummingbird 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.
<..2014-07-02Oando 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.2014-07-02Sentula 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..2014-07-02Kibo 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.
2014-07-02Central 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 ..2014-07-01
Tribune Resources Limited has released an update regarding exploration work conducted at its Japa project located in Ghana.2014-07-01Liontown 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..2014-07-01Kasbah 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..2014-07-01Perseus 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 ..2014-06-30Firestone 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 ..2014-06-30Keaton 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..2014-06-26Bassari 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..2014-06-25Exxaro 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 ..2014-06-25Impala 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..2014-06-25Wescoal 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..2014-06-25Sula 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 ..2014-06-24Uranex 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..2014-06-24Kibaran 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..2014-06-24Drake 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..2014-06-23Metals 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..2014-06-23Premier 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, ..2014-06-23Edenville 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..