2014-11-27Caledonia Mining Corporation is seeking to double gold production at the Blanket mine, in Zimbabwe, by expanding the mine.The decision to expand the Blanket mine followed a strategic review of the company’s operations with the aim of expanding outside of Zimbabwe. The Strategic review concluded that the best potential returns would..2014-11-26African Minerals Limited has released a financing update for its operations in Sierra Leone.The Company’s discussion with Shandong Iron and Steel Group continues over the timing of the release of restricted cash of $102 million. As discussions continue, African Minerals is looking for alternative funding to finance its wo..2014-11-26In October 2014, Village Main Reef Limited’s Board of Directors resolved to evaluate strategic alternatives to unlock value for its shareholders.Shareholders are advised that the strategic review process is still continuing and if concluded successfully, the process may have a material effect on the price of the Company’s securitie..2014-11-26Chrometco Limited has released its trading statement for the six months ended 31 August 2014.The Company expects an improvement of 30.4% in Basic loss per Share to 2.22 cents, from a basic loss per share of 3.19 cents reported for the six months ended 31 August 2013...2014-11-26Premier African Minerals Limited has released an update from its 49% owned RHA tungsten project in Zimbabwe.The Company reports that the dewatering of the old mine has been completed, consequently the historic underground workings are now accessible.The open pit mine design as..2014-11-25Globe Metals and Mining completed a trenching programme at the Chimutu prospect within the Chiziro graphite project located in Malawi.The Company completed 17 exploration trenches and has received assay results for all 17 trenches.The best results include 5..2014-11-25Gunson Resources Limited has recently completed a two week mapping and pan sampling programme across a number of priority target areas in Tanzania.The programme confirmed the occurrence of known heavy mineral sands drill targets and identified new areas of possible mineralisation and drill targets.&l..2014-11-24African Eagle Resources Plc’s newly incorporated South African subsidiary has entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.Lime-Chem Resources operates an iron ore mine in South Africa.African Eagle Resources i..2014-11-21Kibo Mining Plc has issued 1 750 000 new ordinary shares at 1.5 pence per share to raise proceeds of £26 250.The total proceeds will be put toward settling an invoice in respect of advisory services used by the Company.The Company will make an application for the set..2014-11-21Kinetiko Energy Limited has been granted 12 prospecting gas licenses located within the Karoo Kalahari Basin in Botswana.The Company selected the licenses after basin studies indicated the potential for deep coal facies within the basin and related gas in sandstone accumulations. Recent reports of successful flow commence..2014-11-20Keaton Energy Holdings Limited has released its interim results for the six months ended 30 September 2014.The Company reported an improved safety performance at its Vanggatfontein and Vaalkrantz operations in South Africa...2014-11-20Wescoal Holdings Limited entered into an agreement with Catwalk Investments (Pty) Ltd for the acquisition of the Sarie Marais Prospecting Right in South Africa.The agreement includes a consent to undertake box cut mining.The purchase consideration for the ..2014-11-20Arcelormittal South Africa Limited’s Newcastle Works has experienced unforeseen delays in the commissioning of its Blast Furnace.The delays are being attended to and the Company will restart the Blast Furnace following the completion of the reline at the end of October 2014.<..2014-11-19Gemfields Plc has released its operational update for the three month period ended 30 September 2014.Gemfields’ 75% owned subsidiary, Kagem Mining Limited in Zambia, produced 6.3 million carats of emerald and beryl, a decrease when compared to 6.5 million carats produced during the same period of 2013.2014-11-19Jubilee Platinum Plc has acquired additional shares in Pollux Investment Holding Proprietary Limited, which has resulted in Jubilee Platinum attaining 100% ownership and maximising its beneficial interest in the ASA-Dilokong Chrome Mine Tailings project in South Africa.Pollux Investment holds the rights for rec..2014-11-18Paragon Diamonds Limited has successfully sold a number of stones which were recovered during the 2013 bulk sampling programme at the Lemphane kimberlite pipe in Lesotho.The diamonds sold included fancy yellow stones which were sold at $2 500 per carat. The sale was part of an exercise to test market demand for diamonds w..2014-11-18Magnis Resources Limited has received the final batch of the assay results from the drilling programme conducted on the Nachu graphite project located in Tanzania.139 holes were drilled from 16 801 metres since July 2014. The Company has analysed 14 483 samples from graphitic carbon with the final results received on 06 November 20..2014-11-18Chrysalis Resources Limited has received the copper and gold assay results from the reverse circulation drilling programme conducted at the Bulala Hills project in Zambia.Results confirm the presence of broad low grade copper-gold mineralisation, which was interpreted to be of sedimentary exhalative origin.&l..2014-11-18Kunene Resources Limited has released an update for its Okanihova, Kaoko project in Namibia.The first diamond borehole completed at the Okanihova copper project indicated extension of a previously drilled water borehole, from 89 metres to 320 metres depth. The borehole was extended to test the remanent magnetic anomaly and passed t..2014-11-18Sula Iron and Gold Plc has conditionally raised £585 000 through a placement of 39 000 000 new ordinary shares of 1 pence each in the Company.The Company intends to use the funds to progress its gold and coltan exploration activities in Sierra Leone to pre-drilling stage over the next six months.<..2014-11-14Elemental Minerals Limited has commenced with a Scoping Study on the Dougou deposit located within the Sintoukola permit in the Republic of Congo.The Company has appointed ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH to undertake the Scoping Study and provide a solution mine for the 1.29 billion tonne Dougou..2014-11-12Lonmin Plc has released a production report for the quarter ended 30 September 2014.The rolling average Lost Time Injury Frequency Rate (LTIFR) for the 12 months to 30 September 2014 improved to 3.34 incidents per million man hours worked compared to 3.50 as at 30 September 2013. This decrease reflects the reduced hours o..2014-11-11Minbos Resources Limited has announced the appointment of Stef Weber to serve as the new Chief Financial Officer and Company Secretary of the Company, with immediate effect.Weber is a qualified Chartered Accountant and Company Secretary with over 20 years of experience working in the resource industry across various commodities in ..2014-11-11Swala Energy Limited has released an update following further developments to the Block 12B in Kenya.The Company reported that the farm out of 25% of the participating interest in Block 12B to CEPSA Kenya Limited was finalised in June 2014. Swala Energy was informed of CEPSA Kenya’s decision to withdraw from the..2014-11-11Kibaran Resources Limited has released a technical update of its ongoing Feasibility Study being carried out at the Epanko project located in Tanzania.The Company has been conducting testwork to determine the physical characteristics of the Epanko graphite. The testwork revealed an extremely high melting point of 1 305°C ..2014-11-11Arcelormittal South Africa Limited has released its operational update for the quarter ended 30 September 2014.The Company was able to complete the reline of the blast furnace at its operations in Newcastle, which is currently ramping up. The furnace is expected to be in full production by mid-November 2014. Liquid steel..2014-11-10Bushveld Minerals Limited has released an update from its vanadium and titanium project in South Africa.The Company reports all assays of the AB Zone were completed and yielded positive results.Further infill drilling is set to commence in the coming weeks.2014-11-10Gem Diamonds Limited has released its interim management statement for the quarter ended 30 September 2014.The Company reports a strong performance from its Letšeng mine in Lesotho, recording 28 365 carats recovered during the period under review. The average value/carat increased slightly from $2 582 reported for Q2 2014 to $2 603..2014-11-10Magnis Resources Limited has received significant metallurgical results from drilling carried out at the Main Block F area of the Nachu graphite project in Tanzania.Approximately 68.5% of the graphite concentrate is in the jumbo flake category with more than 300 microns. The current market price for jumbo graphite flakes amounts to..2014-11-07Coal of Africa Limited released an update regarding the previously announced equity raise and the Sale and Purchase Agreement for the Mooiplaats colliery.All regulatory approvals required by Haohua Energy International (Hong Kong) Resource Co. Ltd, for the first tranche of the equity placement, have been granted. The first tranche ..2014-11-05Aureus Mining Incorporation announced the appointment of Karin Ireton to the Company’s Board of Directors as a nominee of the International Finance Corporation.Ireton is taking over for Luis da Silva who resigned as the Company’s Director, having served on the Board since 2011. Ireton has extensive knowledge in the sustainable deve..2014-11-05Caledonia Mining Corporation has revised the investment plan and production projections for its Blanket Mine located in Zimbabwe.The Company’s Board and Management completed a review of alternative expansion and diversification plans and addressed the revised production projections for the Blanket Mine, as well as possible benefits..2014-11-05Glencore Xstrata Plc has released its interim management statement and production report for the third quarter of FY2014.Copper production for the period under review amounted to 1 149 000 tonnes, representing an 8% increase. The increase in copper production was mainly attributed to the 48% increase in production from the Company’..2014-11-05Jubilee Platinum Plc has released a trading update on its Middleburg operations in South Arica.Operations in Middleburg continued to exceed the Company’s expectations as it broke through the record of 900 tonnes of metal produced for the month of October 2014 compared to the previous record of 840 tonnes of metal set in S..2014-11-04West African Resources Limited has signed a Term Sheet with Metals & Energy Capital Division of Macquarie Bank Limited for a two year $5 million convertible loan facility.The loan facility will be used to fund the completion of the Feasibility study conducted at the Mankarga 5 Heap Leach gold project located in Burkina Faso..2014-11-04Goldplat Plc has released an operational update for its gold recovery operations in South Africa, Ghana and its Kilimapesa gold project in Kenya.Operations in South Africa for the quarter period ended 30 September 2014 generated an operating profit, following initiatives which were introduced for the quarter period ended ..2014-11-04Kunene Resources Limited has commenced with diamond drilling at Okanihova copper target, Kaoko project Namibia.The initial programme will test Induced Polarisation anomalies which were identified at Okanihova SW1 target and Okanihova outcrop.The Induced Pol..2014-11-04AngloGold Ashanti Limited has released its operational report for the quarter and nine months ended 30 September 2014.The Company reported normalised Adjusted Headline Earnings of $66 million despite the decreased gold price.Production achieved for the period amounted to 1.128..2014-11-03Green Rock Energy Limited has released a quarterly operational report from its operations in Tanzania.During the period, Green Rock Energy adjusted its strategy and began focussing on investing in the Tanzanian graphite sector. The Company entered into four agreements to acquire 14 permits in Tanzania. The Company now holds a graph..2014-11-03Triton Minerals Limited has received additional solid assay results from the Nicanda Hill deposit in the Balama North project, in Mozambique.The new results strengthen the maiden resource currently defined at Nicanda Hill. The average total graphitic carbon at the Macico and Grande high grade zones was reported to be 11%.2014-10-31Trans Hex Group Limited has reached an agreement with De Beers Consolidated Mines Limited to acquire the assets and liabilities of the Namaqualand Mines.The acquisition, to be carried out by Trans Hex’s 40% owned subsidiary, Emerald Panther Investments 78 (Pty) Ltd, was conditional upon the fulfillment of several conditions.&nb..2014-10-29DiamondCorp Plc has advised shareholders that the members of the Association of Mineworkers and Construction Union (Amcu), working at the Lace Mine in South Africa, began striking at 06h00 on 23 October 2014.the strike action followed management’s decision to not employ two full-time salaried shop stewards.&l..2014-10-29Hummingbird Resources Plc has released all infill and extension drilling results from four pits at the Yanfolila project in Mali.Best results from the Komana West pit included 15 metres at 2.73 g/t gold, 19 metres at 2.29 g/t gold, 11 metres at 8.67 g/t gold and 3 metres at 41.5 g/t gold.&..2014-10-29Ferrum Crescent Limited has released its quarterly activities and cash flow report for the quarter ended 30 September 2014.The company is still continuing with the Bankable Feasibility Study for the Moonlight iron-ore project located in South Africa. Discussions to secure the next stage of Black Economic Empowerment partnerships co..2014-10-28Aquarius Platinum Limited has released its operational and financial results for the quarter ended 30 September 2014.The group reports an increase in revenue of 3%, from the previous corresponding period, to $62 million.On-mine EBITDA increased significantly by 138% to $14.8 m..2014-10-28Taruga Gold Limited announced its plans to commence with the planned aircore drilling programme at the Nangalasso and SLAM projects in Mali.The previous drilling programme results included 3 metres at 7.84 g/t and 1 metre at 7.8 g/t gold. The drilling programme is set to follow up on previous trench sampling and strong ge..2014-10-28Predictive Discovery Limited has signed a Heads of Agreement with Toro Gold Limited regarding its Cote D’Ivoire projects.As part of the agreement, Toro Gold will spend approximately $1 million to earn 51% in Predictive Discovery Cote D’Ivoire SARL, a subsidiary of Predictive Discovery.
<..2014-10-28Coal Of Africa Limited has released an operational report for the quarter ended 30 September 2014.During the period, Coal of Africa continued to work on the applications to amend the Environmental Authorisation for the Vele collier, in South Africa, to include the plant modifications. The company is confident that they wi..2014-10-24Otjozondu Mining (Pty) Ltd, a subsidiary of Shaw River Manganese Limited, has signed a purchase contract with Noble Resources International (Pty) Ltd.The purchase agreement entails a sale of 30 000 tonnes of manganese ore from the Otjozondu manganese project in Namibia.2014-10-23Northam Platinum Limited has finalised a fully funded R6.6 billion ten year secured Broad Based Black Economic Empowerment transaction.The transaction will incorporate a fully funded R4.6 billion equity capital raising as well as secure a 35.4% interest in the company for Historically Disadvantaged South Africans.&nbs..2014-10-23Royal Bafokeng Platinum Limited has released a quarterly review and production report for three month period ended 30 September 2014.The company reports an 11% increase in tonnes delivered as well as a 26% increase in tonnes milled for the period under review.2014-10-23BHP Billion Plc has released an operational review for the quarter ended 30 September 2014.The group reports a 9% increase in production, with record highs achieved for eight operations and four commodities. The group is on track to deliver total production growth of 16% over the two years to the end of FY2015 as production guidanc..2014-10-22Stellar Diamonds Plc has announced the recovery of large diamonds from its trial mining programme at the Baoulé kimberlite pipe in Guinea.196 carats have been recovered to date from the pipe with an average grade of 17 carats per hundred tonnes, which surpasses the original expectations of 13 carats per hundred tonnes.&..2014-10-22Shanta Gold Limited has released a production and operational update for the quarter ended 30 September 2014.The company reports a record gold production total of 22 720 ounces, representing a 4% increase from the previous quarter.Gold sales amounted to 18 600 ounces at an ave..2014-10-22Wescoal Holdings Limited released an operational and trading update for the six months ended 30 September 2014.For the period under review, 942 291 tonnes of coal were produced by Wescoal, an increase of 5% when compared to coal production of 895 185 tonnes during the same period of 2013. The trading division recorded an ..2014-10-21Kunene Resources Limited has completed its induced polarisation geophysical survey conducted at the Okanihova copper target in the Kaoko project, Namibia.The preliminary trial at the company’s project indicated strong and distinct chargeability anomalies.Th..2014-10-21West African Resources Limited has released the results of the metallurgical test work conducted on its Mankarga 5 deposit located in Burkina Faso.The company completed three column tests on oxide ore from four metallurgical drill core holes in the Mankarga 5 deposit. Gold recoveries, of up to 90% and averaging 86% in column test w..2014-10-21Tiger Resources Limited has acquired the remaining 40% shareholding in Societe d’Exploitation de Kipoi SA which owns the Kipoi copper project located in the Democratic Republic of Congo.The acquisition follows the drawdown of $50 million against the finance facility with Taurus Mining Finance Fund.
&..2014-10-21Sovereign Metals Limited has released an update on its Maiden JORC Mineral Resource estimate from the Duwi project in Malawi.The Total Indicated and Inferred Mineral Resource estimate at Duwi included 86 million tonnes at 7.1% total graphic carbon containing 6.13 million tonnes of graphite.2014-10-21Elemental Minerals Limited has announced exceptional results from the phase 1B drilling programme that was carried out at its Sintoukola potash project in the Republic of Congo.The programme focused on the Dougou-Yangala area of the project.Elemental Minerals intersected the h..2014-10-15Endeavour Mining Corporation has reported that exploration drilling confirmed the continuity of grades and widths of strike extensions of the Agbaou mineral deposits located in Cote d’lvoire.The exploration drilling programme began in August 2014 and 165 holes have been drilled to date. The company aimed to confirm and test the exp..2014-10-15Sable Metals & Mineral Limited’s subsidiary, Great 1 Line Invest (Pty) Ltd, entered into a shareholder’s agreement with the Sekutlobyane Landowners Association.With the signing of the shareholders’ agreement, the prospecting right with bulk sampling rights for Vanadium on Portion 3 of the Farm Uitvalgrond, North West became..2014-10-15Sable Mining Africa Limited has released an update from its Nimba iron ore project in Guinea.The Nimba project is a high grade bulk Direct Shipping Ore project with a current Resource Estimate of 181.8 million tonnes at 58.8% iron and a Maiden Reserve Estimate of 53.96 million tonnes at 61.6% iron.
&..2014-10-15On 30 January 2014, Aquarius Platinum Limited entered into a Sale Agreement with a consortium led by the China National Arts & Crafts Corporation regarding its indirect interests in Blue Ridge Platinum (Pty) Ltd and Sheba’s Ridge Platinum (Pty) Ltd.The Sale Agreement was subject to, amongst other things, receiving Chinese G..2014-10-15Magnis Resources Limited, formerly known as Uranex Limited, has released the results of the metallurgical testing that took place at Block F of the Nachu Graphite project in Tanzania.56% of the composite ore samples taken indicated a flake weight in the jumbo category, or more than 300 microns. 30% was categorised as medium to larg..2014-10-15Premier African Minerals Limited has released an update regarding the Preliminary Economic Assessment for its RHA Tungsten project in Zimbabwe.The company has extended the estimated life of mine to 15 years. The pre-tax project net present value at 5% is $183 million.The estim..2014-10-14Chrometco Limited had entered into negotiations with International Ferro Metals (Pty) Ltd to conclude mining services and ore Sale Agreements on 29 September 2014.Following the first phase of the negotiations, International Ferro Metals was permitted to conduct exploratory drilling in specified areas within the Rooderand ..2014-10-14Sierra Rutile Limited has released an operational update for the third quarter ended 30 September 2014.Rutile production decreased, quarter-on-quarter, by 3% to 27 078 tonnes, remaining in line with production totals from previous quarters. Ilmenite production increased, quarter-on-quarter, by a significant 19% to 9 986 tonnes.<..2014-10-14Chalice Gold Mines Limited has made a number of changes to its Board of Directors and senior management team to position itself for the next phase of growth and development.Managing Director of the company, Bill Bent, has stepped down from his position with immediate effect. He will be succeeded by the company’s Founder and Executi..2014-10-13Beacon Hill Resources Plc has agreed to sub-lease its rolling stock to an undisclosed party with the aim of securing additional cash to support its expansion strategy for its Minas Moatize coking coal project in Mozambique.The minimum term for the lease is 12 months, with an option to extend. The undisclosed party will utilise Beac..2014-10-10Jacka Resources Limited’s wholly owned subsidiary, PR Oil & Gas Nigeria Ltd, and its joint venture partners have take a final investment decision to develop the Aje Cenomanian oil reservoir.The resevoir is located within the OML 113 license, offshore Nigeria.The Aje De..2014-10-08Lonmin Plc has successfully achieved completion of the return to full production in two months.The company reports that the tonnes mined in both August and September 2014 exceeded production reported in both August and September 2013, being 1.0 million tonnes and 1.04 million tonnes respectively.<..2014-10-08Kibo Mining Plc has received commitments to a share placing of 57 048 352 new ordinary shares at a placing price of 1.5 pence per share to raise a total of GBP 855 725Directors and Senior Management at Kibo Mining are participating in the Placement for a total amount of GBP 55 725.2014-10-08Buffalo Coal Corporation has announced that all operations are back in full production following an incident at one of its South African assets.In September 2014, the company reported an ingress of water in one of the sections of the Magdalena underground mine. Buffalo Coal initiated emergency procedures and everyone was evacuated ..2014-10-07Green Rock Energy Limited has executed two binding option agreements to acquire 10 additional exploration licenses which surround the company’s existing licenses in Tanzania.6 out of 10 new graphite exploration licenses are adjacent to the company’s highly prospective Makonde license.
2014-10-07Kasbah Resources Limited has announced that the extensional drilling programme at its Achmmach project has successfully extended the tin mineralisation outside of the current resource model.3 diamond holes drilled at the Western Zone Shallows confirmed the presence of deep stacked tourmaline lodes to the west and centre.2014-10-07Sentula Mining Limited’s Nomfundu Qangule has resigned from her position as an Independent Non-Executive Director on the Board and Chairperson of the Audit and Risk Committee, effective from 02 October 2014.Independent Non-Executive Director of the company, Stephen Naude, will act as the interim Chairperson of the Audit and Risk Co..2014-10-07Hummingbird Resources Plc has successfully placed 4 100 000 new ordinary shares at a price of 45 pence per share to raise £1 845 000.The Exploration Capital Partners 2000 Limited partnership subscribed to the 4 100 00 ordinary shares and now hold a 4.8% stake in Hummingbird Resources.<..2014-10-06Premier African Minerals entered into an Equity Swap Agreement with YA Global Master SPV Limited in January 2014, which was recently accelerated to completion.The original agreement was a £300 000 Equity Swap Agreement, whereby YA Global Master SPV agreed to make 15 monthly settlement payments of £20 000 each to Premier African Min..2014-10-06Metals of Africa Limited has released an update from its Balama central graphite project in Mozambique.The company reports having successfully negotiated a 6 week extension to the due diligence deadline, so that the company may continue to appraise the project.The company is s..2014-10-03Sunland Minerals has released an operating and exploration update from the Orapa project in Botswana.Sunland Minerals drilled two boreholes in anomaly AN117/1 and anomaly AN117/2.One borehole drilled in AN117/1 targeted the centre of a complex geophysical anomaly and..2014-10-03Kimberley Diamonds entered into a Joint Venture with Tilwane Services (Pty) Ltd, in July 2014, with respect to two tenements in Botswana.The company has already started with soil geochemistry sampling in the area, which is expected to be completed in October 2014 with results expected in December 2014.
2014-10-02African Queen Mines Limited has entered into a Conditional Agreement with a Ghanaian-based resource company for the sale of African Queen Mines’ subsidiary, AQ Ghana Gold Ltd.The Ghanaian-based resource company will purchase 100% of the shares in AQ Ghana Gold, from African Queen Mines, for a cash consideration and a net smelter ro..2014-10-02Aureus Mining Incorporated has released the results from the 49 holes drilled in the phase four drilling programme at the Ndablama gold project in Liberia.Phase four included approximately 19 000 metres of Reverse Circulation and diamond drilling.24 diamond drill hol..2014-10-01Delrand Resources Limited has released operational and financial results for the year ended 30 June 2014.The company reported a net loss of CAD3 487 552, an increase when compared to a net loss of CAD283 776 reported for FY13. The company’s net asset value as at 30 June 2014 amounted to CAD1 745 816. Accumulated deficit at the end ..2014-10-01Kibo Mining has released its interim results for the six month period ended 30 June 2014.The company reports a 13% decrease in its basic and dilutive loss per share for the period compared to the previous corresponding period.During the period, the company updated its gold Res..2014-10-01Anglo American Platinum Limited has announced the resignation of its Financial Director, Bongani Nqwababa, with effect from 1 March 2015.Nqwababa joined the company originally in 2009 and managed the overall financial function. He has resigned to pursue his own personal career growth.<..2014-09-30Burey Gold Limited has released an update on its drilling programme at the Giro gold project in the Democratic Republic of Congo.The company reports that the refurbishment of the road to the Giro prospect is progressing well and on schedule with drilling expected to commence in a week’s time. The first set of results are ..2014-09-30StratMin Global Resources Plc has released its results for the six month period ended 30 June 2014.The company successfully completed an equity placement amounting to £2.5 million in March 2014.StratMin Global Resources strengthened its balance sheet significantly, during the ..2014-09-30CAMAC Energy has announced the results of an independent assessment of four of the company’s offshore Nigeria prospects.The independent assessment, conducted by DeGolyer and MacNaughton, increased the company’s unrisked P50 recoverable resources from 537 million barrels of oil to 2 377 million barrels of oil...2014-09-30MOD Resources Limited has reached three important milestones at its 100% owned high grade Mahumo copper/silver project located in Botswana.Excellent concentrate grades results were delivered by the preliminary metallurgical test work conducted at Mahumo project. The company reports a grade of 59% copper and 1 900 parts per million ..2014-09-26Newfield Resources Limited has confirmed that the kimberlite discovery at Lake Popei, in Sierra Leone, is diamondiferous.The company recovered four microdiamonds from the tests which were conducted for microdiamond mineralisation on the historical drill core.2014-09-26KEFI Minerals has announced that its revised mine plan for its Tulu Kapi project, in Ethiopia, has been verified by Snowden Mining Industry Consultants (Pty) Ltd.Snowden Mining Industry Consultants also verified the company’s increased production target and its plans to re-activate the mining license application with the aim of beg..2014-09-25Tawana Resources NL has received approval from the Ministry of Lands, Mines and Energy to commence with its Mineral Development Agreement negotiations for its Mofe Creek project in Liberia.In July 2014, the company successfully completed the Mofe Creek project’s sustainable and robust Scoping Study. The Mineral Developmen..2014-09-23West African Resources Limited has received additional high grade gold results from the sulphide drilling conducted at the Mankarga 5 deposit in Burkina Faso.Best results yielded from the drilling programme included 2 metres at 28.17 g/t gold from 56 metres, 11 metres at 3.30 g/t gold from 80 metres including 3 metres at 4.27 g/t g..2014-09-23Rockwell Diamonds Incorporated has released a production and sales update for the quarter ended 31 August 2014.The company reports generating revenue of $13.2 million through diamond sales during the period, representing a 57% increase from the diamond sales revenue generated in the previous corresponding period.2014-09-23Botswana Diamonds Plc released an update regarding its exploration programme with Alrosa in Botswana.The company reports that a geological team from Alrosa has already arrived in Botswana and is on site alongside the Botswana team and will commence with drilling in the coming weeks.
2014-09-23Kasbah Resources Limited has announced a Rights Issue whereby new shares will be offered at AUD0.07 per share with the aim of raising AUD8 314 165.The maximun number of shares that may be issued under the Rights Issue is 118 773 779.The Rights Issue will not be underwritten.&l..2014-09-22Coal of Africa Limited has entered into an agreement with a wholly owned subsidiary of Blackspear Holdings (Pty) Ltd for the disposal of the Mooiplaats colliery located in South Africa.The company is disposing of the colliery for a gross consideration of R250 million, which is to be paid in two tranches. The two tranches become pay..2014-09-22Bauba Platinum Limited has announced that exploration activities have been suspended until sufficient funds can be secured.For the year ended 30 June 2014, the company focused on raising funds for exploration activities in a climate that is not conducive to capital raising.The..2014-09-19Kibo Mining Plc has released an update regarding the Rukwa Coal to Power project located in Tanzania.Kibo Mining has completed the conceptual mine design and schedule as well as the conceptual plant design and the conceptual framework for infrastructure and logistics for the project.
2014-09-19Magnum Gas & Power Limited has successfully placed 32 500 000 ordinary shares at 1 cent per share to raise GBP325 000.The company made the placement to partially fill the shortfall from the recently closed non renounceable entitlement issue.Magnum Gas & Power w..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.&..2014-09-17Pan African Resources Plc has released its audited provisional results for the year ended 30 June 2013.The company reports a 44.2% increase in the amount of gold sold, from 130 493 ounces for FY13, to 188 179 ounces for the year under review.Group headline earnings decreased b..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..