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..2014-06-23Oklo Resources Limited has announced the completion of the auger drilling programme carried out at its Dandoko gold project in Mali.1 218 metres of auger drilling was carried out in May and early June 2014 at the Selingouma North and Selingouma South targets, located within 6km of the recent Disse and Diabarou discoveries..2014-06-20
Golden Rim Resources Limited has released an update on its drilling programmes and the rock chip sampling undertaken at the Korongou permit in Burkina Faso.2014-06-19Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has received approval from the Honourable Minister of Petroleum Resources of Nigeria for the acquisition of ConocoPhillips’ Nigerian Oil and Gas Business.The total cash consideration for the acquisition amounts to $1.65 billion, subject to customary..2014-06-19African Eagle Resources Plc has released its audited financial results for the year ended 31 December 2013.The 2013 financial period was a challenging year for the company as it was not able to raise funding in the capital markets which lead to the company having to sell almost all of its assets in August 2013. The compan..2014-06-19Giyani Gold Corporation is currently engaged in exclusive negotiations with a private international energy company, EnergyCo regarding multiple projects in jurisdiction, including the company’s operating asset in South Africa.The exclus..2014-06-19Tharisa Plc has released the reviewed condensed consolidated interim financial statements for the period ended 31 March 2014.The company reports an increase of 22.6$ to $126.1 million in group revenue, resulting from an increase of 38 400 ounces in platinum group metals production, from 28 000 ounces reported du..2014-06-18African Eagle Resources Plc has entered into an unsecured loan facility agreement for up to £365 000 with the company’s Chief Executive Officer, Nick Clarke and Chairman, Kola Karim.The facility agreement is available for draw down until 30 November 2015, with an interest rate of 5% per an..2014-06-18Goldplat Plc has provided a trading update and announced operational updates for its two gold recovery businesses and its gold project.The company expects its financial results, for the six months ended 31 July 2014, to reflect a substantial increase in operating profit from the prior six month peri..2014-06-18Sentula Mining Limited has released its trading statement for the year ended 31 March 2014.The company expects, with reasonable certainty, its basic loss per Share to be between 83.6 and 100.1 cents, in comparison to the basic loss per share of 148.5 cents for the year ended 31 March 2013. In additi..2014-06-17Integrated Resources Group Limited announced that exploration on the Kalengwa project is currently in advanced stages with the initiation of re-logging of historical diamond drill cores and desktop studies.Of the previous 436 holes drilled at the Kalengwa South project, 16 were diamond hol..2014-06-17Following the discovery of four diamonds of good shape and colour during surface sampling, Lucapa Diamond Company Limited has confirmed that the Se251 kimberlite pipe is diamond-bearing.Se251 is the largest kimberlite pipe at the company’s Lulo Diamond Concession in Angola, three of the four diamond..2014-06-17Tiger Resources Limited has announced a share placement at an issue price of AUD0.34 per share to professional, sophisticated and other exempt investors, to raise AUD20 million, before issue expenses.Canaccord Genuity (Australia) Limited and UBS AG’ Australian branch, acted as Joint Lead M..2014-06-17Cardinal Resources Limited has received the assay results of the maiden drilling programme conducted on the Ndongo West prospect, at the Bolgatanga project located in Ghana.The maiden drilling programme comprised of 16 Reverse Circulation drill holes of 929 metres over the strike length of ~1 100 me..2014-06-17Metals of Africa Limited has advised shareholders that it has secured funds to advance core exploration projects in Africa.The company announced a share placement of 7 604 000 shares at a price of AUD0.065 to raise AUD494 260. The proceeds will be put toward progressing exploration activities in Moz..2014-06-13Hummingbird Resources has entered into a conditional Sale and Purchase Agreement with Gold Fields Limited to acquire the Yanfolila project in Mali.The Yanfolila project is fully permitted with a 30 year mining license and its current mineral inve..2014-06-12Petmin Limited has advised shareholders to exercise caution when dealing in its securities.The company has entered into negotiations which, if successfully concluded, will have a material effect on the price of Petmin shares.2014-06-11Aureus Mining Incorporated has released an update regarding the construction conducted at its New Liberty gold project in Liberia.The company reported that construction of the project has been progressing well and is on trac..2014-06-11Ferrum Crescent Limited released an Independent Mineral Asset Valuation Report conducted at its Moonlight iron ore project, in South Africa.The purpose of commissioning the valuation was to obtain approval from the South African Reserve Bank for the issue of shares by the company’s subsidiary, Ferru..2014-06-11Central Rand Gold Limited has announced the resignation of Financial Director, Patrick Malaza, with effect from 31 July 2014.With Malaza’s resignation, the company has the opportunity to identify emerging talent within its finance team. Duties are to be reallocated throughout the team, significantly..2014-06-11StratMin Global Resources Plc has released its results for the year ended 31 December 2013.In January 2013, the company completed the Reverse Take Over of the Graph Mada Group, which has a graphite exploration and development subsidiary in Madagascar. The fundamentals surrounding the acquisition were excellent, however, t..2014-06-11Edenville Energy Plc has received a non-binding Expression of Interest from the Engineering, Procurement and Construction division of a multi-national conglomerate company headquartered in East Asia regarding the development of the company’s Rukwa Coal-to-Power project located in Tanzania...2014-06-11Paragon Diamonds Limited has increased its shareholding interest in its subsidiary, Meso Diamonds (Proprietary) Limited, by acquiring the remaining 15% held by a local partner, increasing its interest to 100%.Meso Diamonds was granted a mining lease over the Lemphane Kimberlite project, located in Lesotho. The subsidiary ..2014-06-11Lonmin Plc, and other platinum producers, have announced that the talks surrounding the ongoing industrial action in the platinum sector have been dissolved without an outcome.The talks were being facilitated by the Minister of Mineral Resources and on 28 May 2014, an Inter-Governmental Technical Task Team was assembled with the ai..2014-06-10FAR Limited has announced that changes have been made to its Joint Venture drilling programme in Senegal to incorporate essential rig maintenance.The maintenance on the FAN-1 well rig is expected to take approximately 12 days. The FAN-1 well is located in the North Fan prospect in the Sangomar Deep block roughly 100km offshore Sene..2014-06-10Metals of Africa Limited has released an update on the exploration activities currently being conducted at its Rio Mazoe lead-zinc-silver project, in Mozambique.The 2014 Rio Mazoe field season has commenced with soil sampling, geological mapping programmes currently underway. Preparations for the ground electro-magnetic s..2014-06-09Sipa Resources Limited is set to commence drilling at its Kitgum-Pader Base and Precious Metals project, in Uganda, after having successfully raised approximately AUD3.98 million.The company’s 80% owned subsidiary, Sipa Exploration Uganda Limited, holds exploration licenses covering 6 350km². Sipa Resources will first pass drill up..2014-06-06Elemental Minerals Limited has advised that it will repay the AUD10 million convertible note to Dingyi Group Investment Limited, which did not exercise its right to convert the convertible note.The note, which requires a 30 days’ notice period, will be paid with interest on 20 June 2014...2014-06-06Gryphon Minerals Limited has signed a financing mandate of $60 million with Macquarie Bank Limited for the development of the Banfora Gold project located in Burkina Faso.Macquarie Bank will be acting as a sole arranger and underwriter for the Senio..2014-06-06Botswana Metals Limited has announced the appointment of CPS Capital Group Proprietary Limited to manage its placement of 35 714 285 fully paid ordinary shares at AUD0.014 per share.The company aims to raise approximately AUD500 000 through the placement.Proceeds rec..2014-06-05Botswana Diamonds Plc has released the results of its joint venture exploration programme on PL117/2011 in Botswana.The first phase of analysis of the exploration programme data collected on PL117 has been completed with new targets id..2014-06-05Ferrum Crescent Limited has released an update regarding its process to secure approximately $10-13 million for the bankable feasibility study for its Moonlight iron ore project in South Africa.The company signed an Investment Agreement with Anvw..2014-06-05Sibanye Gold Limited has released a strategic, technical and operating update for investors.Following the acquisitions of Witwatersrand Consolidated Gold Resources Limited and the Cooke underground and surface operations, the company revised its Mineral Resource and Mineral Reserve statements. Total..2014-06-04Bushveld Minerals Limited has announced a Maiden JORC Compliant Inferred Mineral Resource of 442 million tonnes, at an average grade of 3.6% P2O5, using a 3% P2O5 cut-off, at its P-Q Zone deposit in Limpopo, South Africa.The phosphate Mineral Resource, defined along a total strike of circa 8.5 kilometres with an open-ended depth, w..2014-06-04Stellar Diamonds Plc released an update on its Baoulé kimberlite diamond project in Guinea.The company has been focused on fast tracking the 5 hectare trial mining at its Baoulé kimberlite pipe and the trial mining will make use of the company’s existing in-country mining plant and equipment to save..2014-06-04Nicholas Antony Clarke and Orikolade Adebayo Karim have been appointed to serve the Board of African Eagle Resources Plc as Chief Executive Officer and Non-Executive Chairman respectively.In addition, the company advises that current Managing Director, Robert McLearon, will be stepping down from his position to assume the role of F..2014-06-04DiamondCorp Plc released its audited financial results for the year ended 31 December 2013.During the period, the company actively reduced its overhead costs, including general mine and administrative costs, which assisted in reducing the net loss for the year, from R63.54 billion for FY2012, to R46.98 billion.&..2014-06-03Tlou Energy Limited has released an update from its Lesedi Coal Bed Methane project located in Botswana.Production at the Selemo pod achieved good gas pressure build up before it experienced a blocked pump intake which led to temporary closure t..2014-06-03
Kunene Resources Limited has released an update on exploration currently taking place at Kaoko project in Namibia.2014-06-03Aziana Limited has announced the disposal of its Antandrokazo, Alakamisy and Antakasina gold licenses, located in Madagascar.The licenses will be sold to a Chinese Consortium for a consideration of $650 000, a cash deposit of $25 000 has been received from the buyer, to secure a 60 day exclusivity p..2014-06-03Gold Fields Limited announced the re-commencement of operations at its South Deep project located in South Africa, after the section 54 order from the Department of Mineral Resources was lifted.Production at South Deep was stopped after two separ..2014-06-03Discovery Metals Limited has successfully raised AUD2.8 million through the placement of 84 005 164 fully paid ordinary shares to Transamine Trading S.A.The placement price, of AUD0.03451 per share, was calculated according to the 5 day volume weighted average price for the company up to and including 27 May 2014, which i..2014-06-03Universal Coal Plc has begun cold commissioning of the Dense Media Separation circuit of the washing plant at its 70.5% owned Kangala colliery located in South Africa.Once commissioned, the company will be able to commence with export q..2014-05-29Gold Fields Limited has stopped production at its South Deep operation located in Johannesburg, South Africa following the outcome of a safety review process.The group’s production guidance of 2.2 million attribut..2014-05-29Sovereign Mines of Africa Plc released its audited results for the year ended 31 December 2013.During the period, the company began the third phase of drilling with the aim of defining an initial gold resource at its Mandiana Magana flagship property, in Guinea. The company’s expectations ..2014-05-29Chrometco Limited has entered into negotiations with International Ferro Metals and signed a Memorandum of Agreement whereby International Ferro Metals will conduct exploration drilling on the company’s Rooderand asset, in South Africa.
..2014-05-29Firestone Diamonds Plc has entered into the Absa Debt Facility, Subscription Agreements and Mezzanine Facility Agreement.Fundraising efforts have raised approximately £137.3 million which will go towards the building and commissioning of the main treatment plant and supporting infrastructure for the..2014-05-29Kibo Mining Limited has released an update regarding its activities during the three month period ended 31 March 2014.The company reports that it has reached the advanced stages of negotiations for the choosing of a joint venture partner to develop the Rukwa coal to power project, located in2014-05-27Bassari Resources Limited has released an update regarding the Definite Feasibility Study conducted at its Makabingui gold project in Senegal.The Definitive Feasibility Study is on track and anticipated for compl..2014-05-27Birimian Gold Limited’s latest results from the ongoing exploration programme being conducted at the Basawa gold project, in Liberia, confirm an upgrade from the previously defined broad gold-in-soil anomalies.Th..2014-05-27Jacka Resources Limited’s Board of Directors has announced the successful completion of the fully underwritten Entitlement Offer.The Offer raised a total amount of AUD2 855 109, in addition to the recently completed Placement which raised AUD1 000 000.