COMPANY ANNOUNCEMENTS

  • Stellar Diamonds gives update on Guinea assets sale

    2017-08-15
    Stellar Diamonds Plc announced that it has signed an extension of the exclusivity period to 31 August 2017 with BDG Capital ("BDG") to complete the due diligence process in relation to the disposal of Stellar's Guinea assets as announced on 5 June 2017 ("Guinea Announcement"). This exclusivity period may be further extended, if required, in order to complete the..
  • Caledonia Mining’s Non-Executive Director steps down

    2017-08-15
    Caledonia Mining Corporation Plc announced that Jim Johnstone, a non-executive director of the Company, has retired from the board with effect from today.

    A mining engineer with over 40 years' experience in underground and open pit mine operations in North America, Africa, Europe and Asia, Mr. Johnstone joined Caledonia in 1997..
  • Sibanye Gold secures two year wage agreement

    2017-06-19
    Sibanye Gold Limited reported that it has secured a two year wage agreement with the United Steel Workers of America, International Union, the representative union at its Stillwater Operations in Montana, USA. Negotiations with the United Steel Workers of America, International Union at East Boulder, will take place at year end.

    In ..
  • Accelerated development of Kibo Mining’s Mbeya Coal to Power Project

    2017-06-14
    Kibo Mining Plc announced that a series of meetings, held with the key Tanzanian stakeholders in the MCPP resulted in significant progress for the further development of the Project.

    The recent request for an expedited development of the MCPP (See RNS of 01 June 2017) was followed by active interaction between all stakeholders in th..
  • Stuart Chambers appointed as Chairman of Anglo American

    2017-06-07
    Anglo American Plc announced the appointment of Stuart Chambers as Chairman. Mr Chambers will join the Board of Anglo American as a non-executive director and Chairman Designate on 1 September 2017 and will become Chairman on 1 November 2017. Mr Chambers succeeds Sir John Parker who announced in February 2017 his intention to step down during the course of the year, after serving eight ..
  • iProp has withdrawn the application against Central Rand Gold

    2017-06-07
    Central Rand Gold Limited shareholders are referred to the announcements dated 17 May 2017 and 22 May 2017 (and using the terms defined therein unless otherwise stated) pertaining to, inter alia, the iProp Dispute, and are hereby advised that iProp has subsequently withdrawn the application, and each company will bear their own legal costs.

    &l..
  • Bushveld Minerals publishes update on Vametco financing

    2017-06-07
    Bushveld Minerals Limited provided the following update on the financing agreements (the "Agreements"), in support of the acquisition by Bushveld Vametco Limited ("BVL") from Evraz Group S.A ("Evraz") of a 78.8% shareholding interest in Strategic Minerals Corporation ("SMC") (the "Acquisition"), with Barak Fund SPC Limited ("Barak&q..
  • Premier African receives initial maiden resource estimate from Zulu Lithium project

    2017-06-07
    Premier African Minerals Limited released a  report of its maiden SAMREC compliant Mineral Resource Estimate ("MRE") on its wholly-owned Zulu Lithium and Tantalum project ("Zulu") in Zimbabwe, a country with a long-established history of lithium production.
     
    Highlights:
    •Maiden ..
  • Roger Davey appointed as Tharisa’s Independent Non-Executive Director

    2017-06-01
    Tharisa Plc Board of Directors announced that Mr Roger Davey has been appointed to the Board as an independent non-executive director with effect from 1 June 2017.

    Mr Davey, a British national, holds a Master of Science (MSc) in Mineral Production Management from the Royal School of Mines, Imperial College London and an MSc in Water..
  • Kumba Iron Ore expects an increase in earnings

    2017-05-12
    Kumba Iron Ore Limited published its trading statement for the six months ending 30 June 2017. 

    Shareholders are advised that Kumba’s results for the six months ending 30 June 2017 ("the period") will be released on the Stock Exchange News Service (“SENS”) on 25 July 2017.

    <..
  • Eastern Platinum set to conduct further drilling on Mareesburg project

    2017-05-12
    Eastern Platinum Limited provided an operational update on its plans to carry out a limited infill drilling program on its Mareesburg project properties. The Mareesburg comprises one of the Company’s PGM mining and mineral rights and is located on the eastern limb of the Bushveld complex, in Limpopo Province, South Africa.

    Based o..
  • Gold Fields’ production negatively affected by fatalities

    2017-04-26
    Gold Fields Limited provided an operational update for the quarter ended 31 March 2017.

    Q1 2017 OPERATIONAL PERFORMANCE

    Gold Fields had a slow start to 2017, with two fatalities at South Deep during the quarter and significant rain events which impacted open pit operations in Au..
  • Kibali Gold Mine records an increase in production

    2017-04-19
    Randgold Resources Limited reported that the Kibali gold mine's underground operation, which will significantly increase production, is on track to start commissioning in the third quarter of this year, Randgold Resources chief executive Mark Bristow said at a media briefing here today.
     
    The mine is forecast to deliver approxima..
  • Edenville Energy provides Rukwa Coal Project update

    2017-04-19
    Edenville Energy Plc provided an update on a key element of its Rukwa Coal Project in western Tanzania. 
     
    The Company is pleased to report that the coal wash plant, for use at its Rukwa coal operations, has been delivered to port in the UK, inspected and cleared by the appropriate authorities and is ready for shipment to Tan..
  • Ferrum Crescent signs drilling contract signed for Toral Lead-zinc Project

    2017-04-13
    Ferrum Crescent Limited announced the signing of a drilling contract for its Toral lead-zinc project, Spain (the “Toral Project”). 

    The planned drill programme will further test mineralisation down to a potential vertical depth of 150m from surface in a series of angled holes up to 250m long. Preparation of the drill si..
  • Exxaro Resources’ scale rating reduced to to ‘zaBB-

    2017-04-12
    Exxaro Resources Limited announced that in terms of the Debt Listings Requirements of the JSE Limited that Standard and Poor’s (S&P) has on 10 April 2017 lowered the long-term and South African national scale rating on Exxaro but affirmed its short-term national scale rating following similar action on Eskom Holdings SOC Limited (Eskom), which was downgraded on 6 April 2017.&l..
  • BHP Billiton reviews proposal from Elliott Associates

    2017-04-12
    BHP Billiton Plc published an update which provides further information in response to the letter dated 10 April 2017 from Elliott Associates, L.P. and Elliott International, L.P. (Elliott) describing its proposals for changes to the BHP Billiton Group’s Dual Listed Company (DLC) structure, portfolio and capital management.

    Please..
  • Bushveld Minerals completes a 78.8% shareholding in SMC

    2017-04-07
    Bushveld Minerals Limited announced that, further to the announcement made on 31 March 2017, Bushveld Vametco Limited ("Bushveld Vametco") completed the acquisition of a 78.8% shareholding in Strategic Minerals Corporation ("SMC", the ultimate holding company of Vametco Alloys Proprietary Limited, "Vametco") from the Evraz Group S.A. ("Evraz") (th..
  • Pan African Resources disposes of its Uitkomst Colliery to Coal of Africa

    2017-04-05
    The Pan African Resources Plc board of directors announced that the Company has concluded an agreement with Coal of Africa, whereby Pan African will dispose of all its shares and loan accounts in its wholly-owned subsidiary, PAR Coal, the holding company of Uitkomst, to Coal of Africa for a total consideration of R275 million (two hundred and seventy five million rand)(the “Purchase C..
  • Jubilee Platinum reported a revenue increase up to R86.80 million

    2017-04-03
    Jubilee Platinum Plc released its unaudited interim results for the six months ended 31 December 2016. 

    Financial highlights

    These financial highlights are based on the operational performance of the Group's projects to enable a comparison of performance and growth..
  • Tawana Resources’ metallurgical test work delivered exceptional results

    2017-03-16
    Tawana Resources NL announced that larger scale metallurgical test work has delivered exceptional results which will allow for a simple, low-capital, low-risk startup operation and a short construction period for the planned commissioning at the Bald Hill Lithium and Tantalum Mine in October 2017.

    Refer to the attached Joint Announc..
  • Coal of Africa continues to explore cash generating opportunities

    2017-03-14

    Coal of Africa Limited provided its Interim Financial Statements for the six months ending 31 December 2016. The full report is available on the Company’s website:www.coalofafrica.com.

    Highlights:

    - No fatalities (FY2015: none) and no l..

  • Central Rand Gold affected by excessive rainfall

    2017-02-24
    Central Rand Gold Limited shareholders are referred to the announcement dated 10 January 2017 wherein the Company advised of the November 2016 commissioning of Mill No 1 in November 2016. 

    Together, Mill No 1 and Mill No 3, have capacity to provide a nameplate milling of 800 tonnes per day, with production at that stage bei..
  • Northam Platinum recorded an increase in sales

    2017-02-24
    Northam Platinum Limited announced its reviewed interim results for the six months ended 31 December 2016

    Sales revenue generated by the group increased 7.9% to R3.5 billion (H1 F2016: R3.2 billion) compared to the previous period despite lower sales volumes. The higher revenue reflected a 19.1% increase in the total revenue per pla..
  • Impala Platinum continues focusing on cash preservation and profitability

    2017-02-24
    Impala Platinum Holdings Limited released its consolidated interim results (reviewed) for the six months ended 31 December 2016. 


    Key features

    Safety
    - Regrettably four employees suffered fatal injuries at Impala Ru..
  • Sibanye Gold delivered solid operating results

    2017-02-24
    Sibanye Gold Limited published its operating and financial results for the 6 months and year ended 31 December 2016. 


    Highlights: 

    SALIENT FEATURES FOR THE YEAR ENDED 31 DECEMBER 2016

    ..
  • Ferrum Crescent publishes drilling programme results

    2017-02-23
    Ferrum Crescent Limited announced the results from its internal soil geochemistry and channel sampling at the Toral project, Spain (the “Toral Project”). Detailed mapping, sampling and remodelling work carried out over the last three months has yielded positive zinc results. The Company also announces a limited, shallow diamond drilling programme to target mineralised zones within 2..
  • Assore reports that commodities have made strong recoveries

    2017-02-22
    Assore Limited published its results for the half year ended 31 December 2016.


    Highlights:

    - Headline earnings 2,9 x more than previous period    
    - Interim dividend 200% higher than last year  <..
  • Anglo American maintained operational performance across the business

    2017-02-21
    Anglo American Plc published its preliminary results 2016. 


    Highlights:

    Net debt reduced to $8.5 billion, driven by $2.6 billion attributable free cash flow and asset disposals

    - Net..
  • Kibo Mining completes ESIA for the MCPP

    2017-02-16
    Kibo Mining Plc announced that all work for the Environmental and Social Impact Assessment ("ESIA") has been completed and that the Company is now awaiting certification.
     
    Louis Coetzee, CEO of Kibo Mining, said: "Completion of all the ESIA work marks another major step forward in the development of the Mbey..
  • Gem Diamonds publishes update on Ghaghoo mine

    2017-02-16
    Gem Diamonds Limited’s Board has decided that the Ghaghoo mine in Botswana will be placed on care and maintenance with immediate effect.

    As previously announced, the development of the mine at Ghaghoo has progressed well and has now reached the point where it will shortly be in a position to commence full commercial production. Ho..
  • Gold Fields gold production at South Deep up by 47%

    2017-02-16
    Gold Fields Limited announced its results for the year ended 31 December 2016. 

    SALIENT FEATURES

    - 2,146 million ounces for 2016 of attributable gold production 
    566,000 ounces for the Dec quarter

  • Wesizwe Platinum’s CEO and Director resigns

    2017-02-15
    Wesizwe Platinum Limited shareholders are hereby informed that Mr Jianke Gao has resigned from his positions as Chief Executive Officer and executive director with effect from 14 February 2017. He will officially leave the company within two months.

    The Board would like to thank Mr Gao for his valuable contribution to the Company an..
  • DRDGold recorded a 4% increase in operating profit

    2017-02-15
    DRDGold Limited published its Operating and financial results for the six months ended 31 December 2016. 


    KEY FEATURES

    Increase in Mineral Reserves from 1.8Moz to 3.0Moz
    Operating profit up 4% to R172.6 million
  • Anglo American’s Chairman steps down

    2017-02-14
    Anglo American Plc announced that Sir John Parker has informed the Nomination Committee of the Board of Anglo American of his intention to step down, after serving eight years as Chairman, during the course of 2017.

    Sir John Parker, Chairman of Anglo American, commented, “Having seen Anglo American emerge in a strong position from..
  • Frikkie Kotzee steps down as CFO of Kumba Iron Ore

    2017-02-14

    Kumba announced that Frikkie Kotzee, Chief Financial Officer and executive director of the Company, has decided to step down from his role after five years.

    Mr Kotzee engaged with the Kumba Board in December 2016 to indicate his preference to step down during the course of 2017, once a number of majo..
  • Kumba Iron Ore records a 131% increase in HEPS

    2017-02-14
    Kumba Iron Ore Limited published its audited provisional summarised annual financial results for the year ended 31 December 2016. 

    Glencore purchases shares in Mutanda and Katanga 

    Key Features             &..
  • Erin Energy announces debt financing

    2017-02-09
    Erin Energy Corporation  announced that together with its subsidiary Erin Petroleum Nigeria Limited (EPNL), has entered into a three-year secured Pre-Export Finance Facility Agreement (Facility) with The Mauritius
    Commercial Bank Limited (the Lender). 

    The Facility provides for a total commitm..
  • Royal Bafokeng Platinum expects EPS to be higher

    2017-02-09
    Royal Bafokeng Platinum Limited is in the process of finalising its financial results for the year ended 31 December 2016. 

    The company advises that it anticipates earnings per share ("EPS") of between 81 cents and 92 cents (between 105.1% and 105.8% higher) and headline earnings per share ("HEPS") of be..
  • Sishen Iron Ore Company to transfer Thabazimbi mine to AMSA

    2017-02-09
    Sishen Iron Ore Company Proprietary Limited, a subsidiary of Kumba Iron Ore Limited and ArcelorMittal South Africa Limited announced that they have entered into an agreement to transfer Thabazimbi mine (“the Mine”) to AMSA (“the Transfer”).

    Until 2014 Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exc..
  • Harmony Gold Mining reports an improvement in safety

    2017-02-03
    Harmony Gold Mining Company Limited announced its Interim results for the six months ended 31 December 2016.

    Highlights:

    - Safety rates improving
    - Repaid most of our debt
    - Shareholder returns - interim dividend of 50 SA cents (4 US c..
  • Sibanye Gold’s underground gold grade up 4%

    2017-02-03
    Sibanye Gold Limited published its operating and strategic update for the six-months ended 31 December 2016.

    Highlights: 

    -   Gold production in line with H1 2016
    -   Average underground gold grade increased by 4% year-on-year<..
  • DiamondCorp to delay admission of the Placing Shares

    2017-01-26
    DiamondCorp Plc announced the following update in respect of the proposed Placing, as announced on 13 January 2017.

    The Board has decided to delay admission of the Placing Shares and the Fee Shares on AIM to 31 January 2017. It is expected that admission of the Placing Shares and the Fee Shares will become effective on AltX on or be..
  • Ferrum Crescent makes changes to the Board

    2017-01-25
    Ferrum Crescent Limited announced the resignation of Mr Klaus Borowski from the Board of Directors of the Company (“Board”). Mr Borowski has been a Non-Executive Director of the Company since IPO and now leaves the Board to pursue other interests.

    The Company is pleased to announce the appointment of Mr Laurence Read to the Boar..
  • Kibo Mining successfully completes its Integrated Bankable Feasibility Study

    2017-01-23
    Kibo Mining Plc announced the finalization of the Integrated Bankable Feasibility Study ("IBFS") with the delivery of the Integrated Financial Model for the Mbeya Coal to Power Project ("MCPP"). 

    The IBFS comprises an integration of the Definitive Mining Feasibility Study ("DMFS"), the Definiti..
  • DiamondCorp raises of approximately £1.0 million

    2017-01-23
    DiamondCorp Plc announces the completion of the Placing announced on 13 January 2017.

    The Company has raised gross proceeds of approximately £1.0 million through the Placing of 25,412,582 new Ordinary Shares at a Placing Price of 4 pence per Ordinary Share with attached Warrants on the basis of one Warrant for every Placing Share i..
  • Rockwell Diamonds experienced a challenging quarter

    2017-01-17
    Rockwell Diamonds Incorporated announced its results for the three months ended 30 November 2016. 

    Salient features

    - Gross loss - loss of $(3.4) million before amortisation and depreciation for Q3 F2017.
    - Net Loss - net loss of $(5.5) million for..
  • Caledonia Mining records an increase in gold produced

    2017-01-16

    Caledonia Mining Corporation Plc announces record quarterly and annual gold production from its 49 per cent owned subsidiary, the Blanket Gold Mine ("Blanket") in Zimbabwe, for the quarter and year ended 31 December, 2016.  All production numbers are expressed on a 100 per cent basis and are subject to adjustment following final assay ..
  • Edenville Energy commences with trial mining in Tanzania

    2017-01-16
    Edenville Energy Plc (AIM: EDL) the company developing an integrated coal to power project in south western Tanzania, is pleased to announce that it has started trial mining at the Rukwa Coal Project near Sumbawanga in western Tanzania.
     
    Key Points
     
    - Trial mining commenced
  • Kenmare Resources achieves another record quarter

    2017-01-16
    Kenmare Resources Plc provided a trading update for the fourth quarter and year ending 31 December 2016.
     
    Overview 

    - Record annual, quarterly and monthly (December) production of ilmenite, rutile and zircon
    - Heavy Mineral Concentrate ("HMC&qu..
  • Kibo Mining receives final approval for its Mbeya Coal to Power Project

    2017-01-16

    Kibo Mining Plc announced that the Tanzania National Environmental  Management Council ("NEMC") approved and accepted both the Mbeya Coal Mine and Mbeya Power Plant Environmental and Social Impact Assessment ("ESIA") scoping reports.

    Approval and acceptance of the scoping..
  • Wescoal Holdings publishes voluntary update

    2017-01-12
    Wescoal Holdings Limited has leapt into 2017 on the back of FY17 half year profits (unaudited) reported in November 2016, up more than 500 percent having delivered across the board on its commitments. Heading up the Group’s bouquet of successful milestones: a long term contract that calls for some 7.8 million tons of coal to be delivered to Eskom over the next 5 years; HDSA ownership ..
  • Centamin records an 8% decrease in gold production

    2017-01-10
    Centamin Plc announced its preliminary production results for the quarter ended 31 December 2016 from its Sukari Gold Mine ("Sukari") in Egypt.
     
    Preliminary total gold production for the quarter was 136,787 ounces, an 8% decrease on the previous quarter and a 16% increase on Q4 2015.  This brings full year producti..
  • Rockwell Diamonds to sell its non-core assets as part of strategic repositioning

    2016-12-23
    Rockwell Diamonds Incorporated announced that it has entered into a purchase and sale agreement with Nelesco 318 Proprietary Limited (“Nelesco”) for certain assets and the assumption of certain liabilities for cash consideration of R45M (CAD $4.3M), and the assumption of R70M (CAD $6.7M) in rehabilitation liabilities, and the transfer of almost 100 employees. 
    &l..
  • Petmin announces intention to delist

    2016-12-19
    Shareholders of Petmin Limited ("Shareholders") are advised that on 15 December 2016, Petmin entered into an implementation agreement ("Implementation Agreement") with Capitalworks Private Equity SP GP Proprietary Limited ("Capitalworks"), acting in its capacity as the general partner of the Special Purpose Acquisition Partnership I and a special purpose ve..
  • South32 publishes Illawarra Metallurgical Coal update

    2016-12-19
    South32 Limited advised that saleable coal production of 7.9Mt is anticipated at its Illawarra Metallurgical Coal operation in FY17, including 3.6Mt in H1 FY17. 

    While ground conditions at the Appin Area 9 longwall have stabilised, additional work is being undertaken to recondition the maingate roadway to ensure the safe ex..
  • Glencore enters into a new strategic partnership

    2016-12-12
    Glencore and Qatar Investment Authority have concluded various agreements which provide for the establishment of a 50:50 consortium.

    The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of ..
  • Sibanye Gold to acquire Stillwater Mining Company

    2016-12-09
    Sibanye Gold Limited announced that it has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company for US$18.00 per share in cash, or US$2.2 billion in aggregate
    (approximately R30 billion1) (the “Transaction”). The consideration represents a premium of 23% to Stillwater’s prior day closing share price, ..
  • Assore's CEO set to retire in 2017

    2016-12-06
    Assore Limited shareholders are advised that Mr Chris Cory, the Chief Executive Officer of the company, will retire on 30 June 2017 after 28 successful years with the group.

    The board is pleased to announce the appointment of Mr Charles Edwards Walters as the chief executive officer of the company with effect from 1 July 2017. Charl..
  • DRDGold appoints a new Director

    2016-12-01
    DRDGold Limited announced that with effect from 1 December 2016, Mrs Toko Victoria Buyiswa Nomalanga Mnyango has been appointed as an Independent Non-Executive Director of the Company.

    She is the Chief Executive Officer of Vitom Technologies (Pty) Ltd and Vitom Brands Communication (Pty) Ltd.

  • Galileo Resources publishes exploration update for the Concordia Copper Project

    2016-11-30
    Galileo Resources Plc announced an update on the ongoing exploration programme being undertaken at the Concordia Copper Project in the Northwest Cape Province of South Africa (the "Concordia Copper Project"), specifically the closer-spaced (infill) geophysics survey in the Homeep East section of the Homeep Trend following the highly encouraging results of the initial survey (a..
  • SacOil Holdings expects earnings to be 20% lower

    2016-11-30
    SacOil Holdings Limited shareholders are referred to the announcement released on the Johannesburg Stock Exchange News Service (“SENS”) and the Regulatory News Service of the London Stock Exchange (“RNS”) on 18 November 2016 in which the Company advised that earnings per share and headline earnings per share for the six months ended 31 August 2016 are expected to be at least 20%..
  • Rockwell Diamonds publishes interim update

    2016-11-25
    Rockwell Diamonds Incorporated disclosed in the second quarter Management Discussion and Analysis issued in mid-October that it was undertaking a strategic review of its assets and business options. The Company confirmed today that it has completed the formulation of its turnaround plan, which was unanimously approved during a special Board meeting on November 20, 2016. The plan entails..
  • Eastern Platinum records an increase in loses for Q3

    2016-11-17
    Eastern Platinum Limited provide the following summary of its third quarter ended 30 September 2016 (“Q3 2016”) financial results:

    Summary and Financial Highlights

    - The Company reported a net loss of $3.99 million ($0.04 per share) for Q3 2016 compared to a net loss of $0.5..
  • Tawana Resources' program at Bald Hill results in early success

    2016-11-17
    Tawana Resources NL announced an update on the Bald Hill Mine in Western Australia.

    As previously announced, Tawana has an option to acquire Lithco No 2 Pty Ltd (“Lithco”) which has entered into a Farm-In and Joint Venture arrangement with SGX listed Alliance Mineral Assets (“AMAL”) for the purpose of exploration and joint e..
  • Oando affected by Nigerian economic environment

    2016-11-01
    Oando Plc has announced its unaudited results for the six months period ended 30 September 2016. 

    Financial Highlights:

    - Turnover increased by 26%, N330.0 billion compared to N262.0billion (YTD Sept 2015)
    - Gross Profit decreased by 52%, N28.7 bil..
  • Kumba Iron Ore appoints new Directors

    2016-11-01
    Kumba Iron Ore Limited announced the appointments of Ms Nonkululeko Dlamini (nee Veleti) and Mr Seamus French as non-executive directors to the Board, with effect from 1 November 2016, in mcompliance with Section 3.59 of the JSE Limited Listing Requirements.

    Ms Dlamini is being appointed as a full director and is the shareholder rep..
  • Ferrum Crescent publishes quarterly report

    2016-11-01
    Ferrum Crescent Limited published its quarterly activities and cashflow report for the period ended 30 September 2016. 

    Highlights

    Moonlight Iron Project

    -   Development options under review for potential r..
  • Coal Of Africa publishes quarter report

    2016-10-28
    Coal of Africa Limited provided its update for the quarter ended 30 September 2016.

    Salient Operational Features

    -  No lost-time injuries (“LTIs”) recorded during the quarter (FY2016 Q4: nil).

    -  The In..
  • Impala Platinum Holdings reports an increase in platinum production

    2016-10-28
    Impala Platinum Holdings Limited announced its first quarter production report for the period 1 July to 30 September 2016. 

    SAFETY

    Implats remains committed to ensuring zero harm and the Group’s safety strategy is premised on safe behaviour, an inherently safe work en..
  • Sula Iron & Gold publishes final IP Survey results

    2016-10-26
    Sula Iron & Gold Plc announced that, based on additional geophysical work recently completed, the Board believes that the Company's wholly owned flagship Ferensola Gold Project, located in central Sierra Leone, has greater potential than the Company's currently defined Exploration Target.
     
    Further to the Company..
  • Kumba Iron Ore records an increase in export sales

    2016-10-25
    Kumba Iron Ore Limited released its production and sales report for the quarter ended 30 September 2016. Throughout this report, production and sales volumes referred to are 100% of Sishen Iron Ore Company Proprietary Limited (“SIOC”), and
    attributable to shareholders of Kumba as well as the non-controlling interests in SIOC.

    <..
  • Tawana Resources completes Lithco acquisition

    2016-10-24
    Tawana Resources NL announced that it has entered into an option agreement to acquire Lithco No.2 Pty Ltd (“Lithco”). Lithco has the rights to earn into the Bald Hill Mine (“Bald Hill” or “The Project”), located adjacent to and surrounds Tawana’s Cowan
    Lithium Project.

    Highlights
  • Oakbay Resources and Energy investments sets the record straight on optimum coal transaction

    2016-10-21

    On 19 October 2016, Oakbay Resources and Energy Limited received questions from media who speculated that the Business Rescue Practitioners for Optimum Coal Mine (“OCM”) may have alleged that a pre-payment made by Eskom was inappropriately used to fund part of the consideration for the acquisition of the shares of the seven target companies which..

  • Royal Bafokeng Platinum records an increase in tonnes delivered

    2016-10-21
    Royal Bafokeng Platinum Limited published its quarterly review and production report for the period 1 July to 30 September 2016. 

    Highlights: 

    -    No fatal accidents recorded during the quarter
    -    12%..
  • Wescoal Holdings expects solid results

    2016-10-19
    Wescoal Holdings Limited released its trading statement for the six months ended 30 September 2016. 

    Shareholders are advised that the Company expects, with reasonable certainty, that the earnings per share (EPS) for the six months ended 30 September 2016 will be between 24.1 and 28.9 cents per share, compared to the 5.3 ce..
  • Anglo American Platinum announces sale of Rustenburg Operations

    2016-10-19
    Anglo American Platinum Limited announces the sale of its Rustenburg Operations (“the Transaction”) to Sibanye Rustenburg Platinum Mines Proprietary Limited (“Sibanye”) is now unconditional. This follows, amongst other things, the granting of consent in terms of section 11 of the Mineral and Petroleum Resources Development Act for the sale of the Rustenburg Operations Mining Rig..
  • DiamondCorp resumes with mining

    2016-10-18
    DiamondCorp Plc advised that the Section 54 underground shutdown instruction issued last week by the South African Department of Mineral Resources with respect to the Lace diamond mine has been lifted and mining has resumed.

    The financial impact of the four days of mining lost as a result of the shutdown instruction has been minimis..
  • Buffalo Coal publishes corporate update

    2016-10-14
    Buffalo Coal Corppration announced the appointment of Mr Rowan Karstel as Interim Chief Executive Officer and Mr Graham du Preez as Interim Chief Financial Officer and Corporate Secretary with effect from 17th October 2016.

    Mr Karstel has a wide range of cross commodity mining experience and has performed at the senior management le..
  • Keaton Energy Holdings reports solid quarter’s production at Vanggatfontein

    2016-10-14
    Keaton Energy Holdings Limited has released the following first half production update for the half year ended 30 September 2016.

    Vanggatfontein reported a LTIFR of 0.46 (1H FY2016: 0.38). This disappointing performance is the subject of increased management scrutiny.

    Production..
  • Kumba Iron Ore granted residual 21.4% mining right for Sishen mine

    2016-10-13
    Kumba Iron Ore Limited announced that the Department of Mineral Resources has, after taking all the relevant considerations into account, granted the residual 21.4% undivided share of the mining right for the Sishen mine to Kumba’s subsidiary, Sishen Iron Ore Company (Pty) Ltd ("SIOC") following the completion of an internal appeal process, as prescribed by section 96 of the..
  • Kibo Mining agrees on development costs for MCPP

    2016-10-13
    Kibo Mining Plc announced that it has reached agreement with SEPCO III on the total direct development cost related to the MCPP ("Mbeya Coal to Power Project"). 

    It was agreed that the direct development cost incurred on the MCPP over the past four years will be considered for determining the final development cos..
  • DiamondCorp publishes update on Lace Diamond mine

    2016-10-12
    DiamondCorp Plc provides an update on production from the Lace diamond mine in the Free State province of South Africa.

    The revised production ramp up announced in August has been further revised in light of tonnage constraints encountered during September which are now likely to continue until at least the end of the current year.&..
  • Resource Generation publishes Boikarabelo project update

    2016-10-05
    Resource Generation Limited announced significant progress towards securing final approval for the development of the Company’s major project, the Boikarabelo Mine in South Africa. Chief Executive Officer of the Company and Ledjadja operating subsidiary, Rob Lowe, said the Company is advancing in parallel a number of inter-related agreements which together provide for long term risk m..
  • Kibo Mining signs financial advisory mandate letter with ABSA

    2016-09-22
    Kibo Mining Plc announced that it has signed an advisory engagement letter (the "Mandate") with Absa Bank Limited / Barclays Bank Limited (the "Advisor") laying out the scope of work and terms under which it will act as new financial advisor to the Company on the Mbeya Coal to Power Project ("MCPP" or the "Project").
    &nbs..
  • Premier African Minerals' drilling update on Zulu Lithium Project

    2016-09-20
    Premier African Minerals Limited provided a positive early update on its 2,500-meter drilling programme at the Company's Zulu Lithium Project near Fort Rixon in Zimbabwe ("Zulu").
     
    Premier is drilling a series of 20 diamond drill holes designed to test for strike and depth extensions at the Zulu Lithium Project, which ..
  • Kibo Mining signs MOU with GE International

    2016-09-16
    Kibo Mining Plc announced that it has signed a Memorandum of Understanding (“MOU”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP” or “the Project”). 

    The MOU provides for GE and its affiliate companies (“GE Group”) to supply equi..
  • Tawana Resources commences with drilling

    2016-09-15
    Tawana Resources announced it has commenced drilling on the Cowan lithium project, located in the Goldfields region of Western Australia. Phase 1 of the drilling program will consist of at least 10,000m of RC drilling within the large LCT1 pegmatite belt and has been planned to test:

    - Areas containing outcropping LCT pegmatites, in..
  • Jubilee Platinum publishes project update

    2016-09-15
    Jubilee Platinum Plc provided on behalf of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd (“JTTC”), a performance, operational and financial update of its chrome recovery section of the Dilokong Chrome mine tailings project (“DCM Tailings” or “DCM Project”).

    Highlights

  • Kumba Iron Ore receives letter from SARS

    2016-09-13
    Kumba Iron Ore Limited shareholders are referred to the announcement released on the Stock Exchange News Service on 29 February 2016 regarding the receipt of a tax assessment from the South African Revenue Service (“SARS”) by Kumba’s 73.9% owned subsidiary, Sishen Iron Ore Company (“SIOC”), in relation to the tax years 2006 to 2010. 

    &l..
  • DiamondCorp reports that October 2016 sale will be relatively small

    2016-09-13
    DiamondCorp plc  published its interim Results (Unaudited) for the six month period  ended 30 June 2016 and Lace Mine operational update. 

    FINANCIAL HIGHLIGHTS

    After adjustments for a stronger Rand exchange rate, the pre-tax loss for the period was red..
  • Firestone Diamonds' update on the sale of the Botswana operations

    2016-09-12

    Firestone Diamonds Plc, has been informed by Tango Mining Limited that it has not been able to meet the conditions of the conditional sale agreement ("CSA") by 9 September 2016 (the "Revised Drop Dead Date"), for the disposal of the Company's Botswana operations to Tango Mining (the "Disposal").  Accordingly, t..
  • Harmony Gold Mining Company's update regarding White Rivers Exploration Project

    2016-09-09
    Harmony Gold Mining Company Limited notes the announcement made today by White Rivers Exploration (“WRE”) regarding its joint venture project close to Harmony’s Target mine.

    The project is 35% owned by Harmony and 65% by WRE. Only once the project’s prefeasibility study has been completed, will the resources be included in H..
  • Royal Bafokeng Platinum's extension of royalty agreement with Impala Platinum

    2016-09-09
    Royal Bafokeng Platinum Limited shareholders were advised that RBPlat and Impala Platinum Limited had renegotiated terms and conditions of the 6 and 8 shafts royalty agreement originally concluded in 2010 

    Background

    The Royalty Agreement affords Impala the right to min..
  • Kenmare Resources makes significant progress in reducing unit operating costs

    2016-08-29
    Kenmare Resources Plc announced its half year results for the six month period ended 30 June 2016 ("H1 2016").

    Overview

    Ilmenite production in H1 2016 increased 24% to 402,900 tonnes compared to H1 2015, zircon production in H1 increased 20% to 28,500 tonnes Total ship..
  • African Potash receives fertiliser order from ZCF

    2016-08-29
    African Potash Limited announced that it has received a purchase order (the "Purchase Order") for 1,500 Metric Tonnes ("Mt") of urea from the Zambia Co-Operative Federation ('ZCF'), a government body which counts over two million smallholder farmers as members.  

    The Purchase Order has been mad..
  • Glencore delivers on its debt reduction plan

    2016-08-29
    Glencore Plc recorded its 2016 half year report. 

    Highlights
     
    · Strong and improving cash generation despite lower commodity prices and production volumes

    - 2016 first half Adjusted EBITDA of $4.0 billion, down 13%&..
  • Kibo Mining signs new agreement with SEPCO III

    2016-08-29
    Kibo Mining Plc announced that it has signed a new Agreement (the "Agreement") with major international China based EPC contractor, SEPCO III. 

    The Agreement establishes a re-defined contractual relationship between SEPCO III and the Company (together "the Parties") by which SEPCO III can earn the right ..
  • Northam Platinum's results reflect an increase in revenue

    2016-08-26
    Northam Platinum Limited announced its reviewed preliminary results for the year ended 30 June 2016. 

    Revenue generated from sales increased by 1.0% to R6.1 billion (FY2015: R6.0 billion), reflecting the lower prices received offset by higher sales volumes. Metal sold increased by 7.0% to 452 393 ounces 3PGE+Au (FY2015: 422..
  • Kibo Mining MCPP and Imweru gold project update

    2016-08-05
    Kibo Mining Plc provides an interim update on progress at the Company's Mbeya Coal to Power Project and the Imweru gold project.

    Work on the MCPP is continuing at pace with all attention and resources focused on completing the Integrated  Bankable Feasibility Study ("IBFS") as soon as possible, so that financ..
  • Anglo American records a decrease in diamond production

    2016-07-20
    Anglo American Plc published its production report for the second quarter ended 30 June 2016. 
     
    ·Diamond production decreased by 19% to 6.4 million carats, reflecting the decision to reduce production in response to prevailing trading conditions in H2 2015.
    ·Platinum production (expressed as metal in ..
  • Firestone Diamonds publishes construction update

    2016-07-20
    Firestone Diamonds Plc published an update on construction activities at its Liqhobong Diamond Mine as at the end of June 2016. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho.

    Highlights as at the end of June 2016

    · Construction 85% complete, ahead of ..
  • Premier African Minerals recommences with production at RHA

    2016-07-20
    Premier African Minerals Limited reported that plant upgrades are now installed and operational at the RHA Tungsten project (RHA) in respect of which Premier is the operator and holds 49%.
     
    The screens, plant modifications as well as the electrical reticulation works have been completed and the plant is undergoing a phased commission..
  • Shanta Gold reports another excellent period

    2016-07-19
    Shanta Gold Limited announced its production and operational results for the quarter ended 30 June 2016 for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.

    Highlights

    Operational

    ·Quarterly gold productio..
  • DiamondCorp temporarily suspends underground mining

    2016-07-18
    DiamondCorp Plc advises that underground mining operations at the Lace diamond mine have been temporarily suspended following an investigation on 15 July by the South African Department of Minerals Resources (DMR) into a fall of ground incident in a development tunnel on the 310m level.

    The incident occurred when explosive misfires ..
  • African Potash enters into agreement with Nutri-Aid Trust

    2016-07-14
    African Potash Limited announces that it  signed a co-operation and exclusivity  agreement with Nutri-Aid Trust ('Nutri-Aid') in May 2016.

    Nutri-Aid is a Zambian non-profit enterprise, which has been pioneering work in developing and supporting a village level agri-dealer network across the country.&n..
  • Goldplat signs LOI with Gulf Shore Resources

    2016-07-14
    Goldplat Plc announced that it has signed a non-binding Letter of Intent ("LOI") with Gulf Shore Resources Limited ("GSR"), to give GSR the option for a US$3 million earn-in to Goldplat's Anumso Gold Project in Ghana.

    Anumso Gold Project

    Goldplat has a 9..
  • Kumba Iron Ore's HEPS expected to increase

    2016-07-14
    Kumba Iron Ore Limited released its trading update for the six months ended 30 June 2016. 

    Headline earnings for the period is likely to be between R2,875 million and R3,090 million, with basic earnings for the period expected to be between R2,840 million and R3,055 million. Headline earnings per share (“HEPS”) is likel..
  • Rockwell Diamonds' rough diamond revenues increases by 41%

    2016-07-13
    Rockwell Diamonds Incorporated announced its results for the three months ended 31 May 2016.

    Salient features

    - Gross profit - $3.3 million before amortisation and depreciation for the first quarter of fiscal 2017.
    - &a..
  • Tawana Resources appoints a new CEO

    2016-07-13
    Tawana Resources NL announced that Mark Calderwood has commenced as the Chief Executive Officer of the Company. 

    He has extensive experience in mineral exploration and production management, is an authority on pegmatites and was a co-author of the ‘Pegmatites of Western Australia”.  
  • Royal Bafokeng Platinum expects higher earnings

    2016-07-13
    Royal Bafokeng Platinum Limited published its trading statement for the six months ended 30 June 2016.  

    The company advises that it anticipates earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ended 30 June 2016, to be between 71 cents and 81 cents (between 217.5% a..
  • Mkango Resources confirms significant radiometric and magnetic anomalies

    2016-07-12
    Mkango Resources Limited announced results of the airborne geophysical survey covering approximately two thirds of its Thambani licence. 

    The Survey was part of a US$25 million World Bank funded nationwide airborne geophysical programme flown at 250 metre spacing.

    The T..
  • Goldplat publishes trading update

    2016-07-12
    Goldplat Plc announced that Rand Refinery (Pty) Limited has informed Goldplat Recovery (Pty) Limited, a 74 per cent owned subsidiary of the Company, that it disputes an amount due to GPL in relation to a binding Memorandum of Understanding entered into between GPL and Rand Refinery for GPL to process a batch of silver sulphide material. 

  • Buffalo coal announces changes to the Board

    2016-07-05
    Buffalo coal corporation announced today the resignation of John Wallington from its Board of Directors with effect from July 3, 2016.

    Wallington has regretfully tendered his resignation from the Board due to a conflict of interest with other business interests.

    The Board would ..
  • Gemfields finalises debt financing facilities

    2016-07-04
    Gemfields Plc announced the finalisation of four debt financing facilities (the "Facilities"). Following evaluation of a number of proposals received by the Company, the board believes that these Facilities represent the best option for the Company in terms of cost and associated flexibility. The Facilities are as follows:
     
  • Eastern Platinum concludes agreement with HZT

    2016-07-01
    Eastern Platinum Limited announced that it has reached a definitive agreement with Hebei Zhongheng Tianda Platinum Co. Limited (“HZT”).

    Whereby HZT will acquire the Company’s South African subsidiary, Barplats Mines Limited, which holds the Crocodile River Mine, and associated intercorporate investments and loans, for total co..
  • Golden Saint Resources reports net loss of USD 2.063 million

    2016-06-28
    Golden Saint Resources Limited announced the audited results for the financial year ended 31 December 2015.

    Highlights within the 12 months to 31 December 2015

    •The bulk sampling programs in the Tongo and Baja license areas produced promising results in its early stages and th..
  • Sentula Mining improves its cash flow from operating activities

    2016-06-27
    Sentula Mining Limited published its reviewed condensed consolidated interim results for the 12 months ended 31 March 2016. 

    FINANCIAL OVERVIEW

    - Cash flow from operating activities increased by 80,9% to R85 million          ..
  • Keaton Energy Holdings expects a decrease in earnings

    2016-06-23
    Keaton Energy Holdings Limited published its trading statement for the year ended 31 March 2016. 

    Shareholders are advised that the company expects, with reasonable certainty, that earnings per share and headline earnings per share are to vary by the amounts included in the table below:

  • SacOil Holdings completes 2D Seismic Data Acquisition

    2016-06-21
    SacOil Holdings Limited announced that Total E&P RDC (“Total”) operator of Block III, has finalised the acquisition of the 2D seismic survey over the northern part of the Block III area in Democratic Republic of Congo.
     
    The operator successfully completed the acquisition of 244km of 2D seismic data and currently the seism..
  • BHP Billiton releases update on its coal business

    2016-06-21
    BHP Billiton Plc outlined the path for its Coal business to improve returns by unlocking productivity, reducing costs and releasing latent capacity.

    President Operations Minerals Australia, Mike Henry, told investors at a Coal briefing that the Company saw significant opportunity to further increase the competitiveness of its coal o..
  • Bushveld Minerals’ update on the acquisition SMC

    2016-06-20
    Bushveld Minerals Limited provides an update regarding the acquisition of Strategic Minerals Corporation ("SMC"), which owns the producing Vametco vanadium mine and plant in South Africa. 

    Bushveld Minerals and Evraz Group SA have agreed that completion of the initial tranche shall be delayed and now expect comple..
  • Ferrum Crescent operational update out

    2016-06-15
    Ferrum Crescent Limited released its corporate and operational update. 

    Highlights:

    -  Board actively evaluating engineering pathways for alternate production routes, based on existing technologies and modelled on current equipment types which are in use at com..
  • Edenville Energy to raise £432,500 in subscription

    2016-06-14
    Edenville Energy Plc announced a subscription to raise £432,500 (before expenses) through the issue of 1,922,222,222 new ordinary shares of 0.02p each in the capital of the Company  at 0.0225 pence per New Ordinary Share, together with 961,111,111 warrants issued to the subscribers on the basis of one warrant for every two Subscription Shares, exercisable at 0.03 pence per war..
  • Lemur Resources reaches settlement for the mining license

    2016-06-14
    Bushveld Minerals Limited announced that its wholly owned subsidiary, Lemur Resources, has reached a settlement with Madam Rahajasoamampionona Ramiaramanana ("The Claimant") in respect of mining license 4578 within its Imaloto Power Project coal concession in Madagascar.

    Under the terms of the settlement agreement signed b..
  • Gold Fields appoints a new Director

    2016-06-14
    Gold Fields Limited announced the appointment of  Terence Philip Goodlace as an independent non-executive director to the Board of Directors of the Company, with effect from 1 July 2016.

    Goodlace has extensive mining experience and is currently Chief Executive Officer and member of the Impala Platinum Holdings Limited Board..
  • DiamondCorp updates on diamond sales and project

    2016-06-14
    DiamondCorp Plc advised that two run of mine parcels of diamonds which would have formed part of a larger diamond tender in Antwerp scheduled to commence at the end of this month have been sold to South African diamantaires when the Company's reserve prices were exceeded during the South African export process.

    The two parcels ..
  • Stellar Diamonds completes trial mining evaluation

    2016-06-13
    Stellar Diamonds Plc provided an operational update from trial mining at its 75% owned, five hectare Baoulé kimberlite pipe in Guinea.

    Highlights:

    •      100,000 tonne bulk sample completed
    •      1..
  • Aureus Mining updates on progress made at New Liberty Mine

    2016-06-10
    Aureus Mining Incorporated announced that it has made significant progress towards the recommencement of gold processing operations at the New Liberty Mine.

    The Company highlights the following:

    The Environmental Protection Agency of Liberia ("EPA") has granted the ..
  • Jubilee Platinum publishes operational update

    2016-06-10
    Jubilee Platinum Plc announced, on behalf of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd (“JTTC”), an operations performance and financial update up to end May 2016; May being the first full month’s operation since commissioning of its chrome recovery plant (“Chrome Plant”) on its PGM-bearing tailings processing project on the Dilokong Chrome mine (“DCM Tailin..
  • Stratex International identifies further mineralisation

    2016-06-06
    Stratex International Plc provided an exploration update on its 85%-owned Dalafin gold project ("Dalafin" or the "Project") in eastern Senegal.
     
    Highlights
     
    • Infill soil sampling at the Faré prospect has extended the Faré South anomaly (>30 ppb) by ..
  • Tharisa intends to list on the main market of the LSE

    2016-06-03
    Tharisa Plc announced its intention to apply for admission of 255 891 886 ordinary shares (‘Shares’) of nominal value US$0.001 each to the standard listing segment of the Official List of the FCA (the ’Official List’) and to trading on the main market for listed securities of the London Stock Exchange (together ’Admission’). 

  • Kibo Mining Signs MOU With Lake Victoria Gold

    2016-06-03
    Kibo Mining Plc announced that it has signed a Memorandum of Understanding (“MOU”) with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects.

    Highlights

    • Kibo and Lake Victoria Gold LTD (“LVG”) agree M..
  • Trans Hex Group reports that sales were affected by the weak rand

    2016-06-02
    Trans Hex Group Limited published its audited summary consolidated financial statements for the year ended 31 March 2016. 

    HEADLINES

    - Diamond prices declined by 23,5% compared to the previous year.
    - Sales were positively affected by a 27,2% weake..
  • Pan African Resources announces update on offer to Jadeite

    2016-06-01
    Pan African Resources Plc shareholders are referred to the announcement published by the Company on 26 May 2016 (“Jadeite Announcement”).

    Wherein Shareholders were advised that the Company had presented an offer (“Offer”) to Jadeite Limited (“Jadeite”) to acquire its 33.6% interest in Shanduka Gold Proprietary Limited su..
  • Gold Fields announces resignation of a Director

    2016-06-01
    Gold Fields Limited has advised shareholders that David Murray has resigned as a Non-Executive Director of the Gold Fields Board of Directors, with effect from 1 June 2016.

    The Board would like to thank Murray for his valuable contribution to the Company over the past 9 years and wish him everything of the best in his future endeavo..
  • Stellar Diamonds receives mining license approval

    2016-05-31
    Stellar Diamonds Plc has been verbally informed that the Minerals Advisory Board (MAB) has approved the application for a mining license over its 100% owned Tongo project in Sierra Leone.

    Progression of the licensing process remains subject to the National Minerals Agency ("NMA"), the licensing body of the Ministry of Mine..
  • Trans Hex Group expects net loss of R100.8 million

    2016-05-31
    Trans Hex Group Limited published its trading statement for the 12 months ended 31 March 2016. 

    Trans Hex is currently finalising its results for the 12 months ended 31 March 2016 (the “Period”), which should be released on SENS on or about 2 June 2016.

    The Group ex..
  • SacOil Holdings publishes trading statement

    2016-05-30
    SacOil Holdings Limited released its trading statement for the year ended 29 February 2016. 

    The Group has continued the process of implementing its focused strategy driven by the rationalisation and balancing of the Group’s existing portfolio of assets to reposition the Group. This process
    was start..
  • Sibanye Gold workers embark on a strike

    2016-05-27
    Sibanye Gold Limited has advised that the Association of Mineworkers and Construction Union (AMCU) has embarked on a strike from the morning shift on Friday 27 May 2016.

    AMCU notified the company of its intention to strike, based on a strike certificate previously received from the Council for Conciliation, Mediation and Arbitration (CCMA) on 2..
  • Anglo American appoints De Beers Group CEO

    2016-05-27
    Anglo American Plc announces the appointment of Bruce Cleaver as CEO of the De Beers Group following Philippe Mellier’s decision to step down after five years.

    Duncan Wanblad, CEO of Anglo American’s Base Metals business, will add the Strategy & Business Development portfolio of Anglo American to his responsibilities. Bo..
  • Coal of Africa updates on the Universal Coal offer

    2016-05-25
    Coal Of Africa Limited released an update on its recommended offer for the entire issued and to be issued share capital of Universal Coal Plc.

    Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the offer document published by CoAL on 21 December 2015 (the ?Offer Document?..
  • Anglo Pacific Group expects an increase in royalty income

    2016-05-25
    Anglo Pacific Group Plc released its trading update for the period January 1, 2016 to May 23, 2016.

    Highlights:

    - Royalty income of £1.9m in Q1 2016 (Q1 2015: £2.3m, Q4 2015: £3.0m) in line with the Group's expectations that the majority of royalty income..
  • Petra Diamonds auctions blue rough diamond

    2016-05-25
    Petra Diamonds Limited has announced that the 24.18 carat diamond discovered at its Cullinan mine near Pretoria, South Africa will be auctioned as the centrepiece of Christie's Magnificent Jewels auction on 9 June 2016 in New York.

    The Cullinan Dream is the largest Fancy Intense Blue Diamond ever to b..
  • Minbos Resources completes final tranche

    2016-05-19
    Minbos Resources Limited has completed the final tranche of its 680 million share Placement at $0.005 per share to raise $3.4 million gross proceeds. 

    The final tranche of 412 million shares has been issued as well as 385 million unlisted options at an exercise price of $0.01 per share. Both the shares and unlisted options were approved at a Gene..
  • Edenville Energy updates on Rukwa Coal to Power Project

    2016-05-18
    Edenville Energy Plc has released an update on progress at its Rukwa Coal to Power Project in south west Tanzania.

    Preliminary earth works have now commenced at the Mkomolo deposit site which was awarded a Mining Licence in late February 2016.  
     
    Mobile earthm..
  • Premier African Minerals provides project update

    2016-05-17
    Premier African Minerals Limited released an interim update on progress at RHA Tungsten project (RHA) in respect of which Premier is the operator and holds 49%.

    Highlights
    ·     Re-equipping of the 120-meter vertical shaft is complete. Final inspection and a return to operatio..
  • Lonmin releases Q2 2016 Production Report

    2016-05-16
    Lonmin Plc has released its unaudited production results for the three months to 31 March 2016.

    Overview
     
    ·     The 12 month rolling LTIFR to 31 March improved by 5.2% to 5.10 incidents per million man hours from 5.38 at 31 De..
  • Vedanta Resources appoints a new Director

    2016-05-12
    Vedanta Resources Plc has announced that Mr Ravi Rajagopal has been appointed as a Non-Executive Director with effect from 1st July 2016. He will also be a member of the Audit Committee.

    Mr. Ravi Rajagopal joined Diageo plc in 1997, where he worked in various roles until 2015.  He was the Global Head of Business Development of..
  • Erin Energy releases Q1 FY16 results

    2016-05-10
    Erin Energy Corporation has released its financial and operational results for the quarter ended 31 March 2016.

    First Quarter 2016 and Current Highlights:

    - Current production of 10,380 BOEPD          (~8,900 BOPD)<..
  • Birimian Gold commences drilling

    2016-05-10
    Birimian Gold Limited has announced the commencement of a 5 000 metre Reverce Circulation and diamond drilling programme at the Company’s Bougouni Lithium project located in Mali. 

    The project comprises a large licence area spanning some 250km², and hosts the potential high grade, bulk tonnage lithium deposit at Goulamin..
  • IMX Resources confirms robust potential

    2016-05-10
    IMX Resources Limited has announced the declaration of the maiden Ore Reserve for its Chilalo Graphite Project located in south-east Tanzania. 

    The Ore Reserve estimate id based only on the Indicated Resources at the Chilalo Project of 5.1 Mt grading 11.9% TGC for 613 800 tonnes of contained graphite included in the high-gr..
  • Aureus Mining suspends operations

    2016-05-10
    Aureus Mining Inc reports that operations at the New Liberty Gold Mine have been temporarily suspended as a consequence of problems with the detoxification circuit in the process plant.

    The detoxification circuit has not been operating to original design specifications resulting in higher concentrations of cyanide WAD (weak acid dissociated cya..
  • Metals of Africa places shares

    2016-05-09
    Metals of Africa Limited has announced an oversubscribed Placement to qualified institutional and sophisticated investors to raise AUD4 million (before costs) through the issue of 72.7 million fully paid ordinary shares in the Company at a price if AUD0.055 per share. 

    The issue price for the Placement requests a 15.6% disc..
  • Anglogold Ashanti generates strong cash flow

    2016-05-09
    Anglogold Ashanti Limited announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins.

    Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year.

  • Ncondezi Energy's project and corporate update

    2016-05-06
    Ncondezi Energy Limited has released an update in relation to its 300MW power plant project located near Tete in northern Mozambique.

    Joint Development Agreement with Shanghai Electric Power
     
    Since the Joint Development Agreement ("JDA") with Shanghai Electric Po..
  • Arcelormittal South Africa releases operation update

    2016-05-06
    Arcelormittal South Africa Limited released its unaudited operational information for the quarter ended 31 March 2016 and operating update.

    Overview

    Steel Industries around the world continue to struggle and the South African steel industry is not immun..
  • Gryphon Minerals commences with resource drilling

    2016-05-05
    Gryphon Minerals Limited has advised that an initial 17 000 metre RC and DD drilling programme will shortly commence at its flagship 3.6Moz Banfora Gold Project located in Burkina Faso. 

    A geological review has demonstrated the potential of expansion of the existing open pit resources, through drill ready shallow targets at..
  • Wescoal Holdings appoints Group F.D.

    2016-05-04
    Wescoal Holdings Limited announced the  appointment of Bothwell Mazarura as Group Finance Director and Chief Financial Officer, effective from 1 July 2016.

    Bothwell previously held various senior financial roles at Lonmin Plc from 2010, including Head of Group Finance, Head of Treasury and Acting Chief Financial Officer. Prior to joini..
  • Glencore releases Q1 FY16 production report

    2016-05-04
    Glencore Plc has released its first quarter 2016 production report. 

    Production highlights

    -     The proactive production cuts announced and actioned in 2015 led to period on period production reductions in copper, zinc, lead,..
  • Marenica Energy strengthens Management Team

    2016-05-03
    Marenica Energy Limited announced a number of important changes to its Management Team. 

    Murray Hill has been appointed to the Company’s Board as Managing Director, effective immediately. He is a qualified metallurgist and a fellow of the AusIMM with over 30 years’ industry experience in the design, operation and commis..
  • Kimberley Diamonds commences with production

    2016-05-03
    Kimberley Diamonds Limited has commenced with production at its Lerala Diamond Mine located in Botswana. 

    This is the culmination of the nine month project to upgrade and re-commission the plant which commenced in August 2015. The first diamond sales are currently expected in June 2016.05.03

    ..
  • Coal of Africa update on recommended offer

    2016-05-03
    Coal of Africa Limited provides the following update on Coal of Africa's recommended offer for the entire issued and to be issued share capital of Universal Coal Plc (the "Offer").

    Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the offer doc..
  • Kibo Mining update on Mbeya Coal to Power Project

    2016-04-29
    Kibo Mining Plc announced that:

    -The review of the Mbeya Coal to Power Project's ("MCPP") Power Definitive Feasibility Study ("PDFS") has been completed. The final and official PDFS report will be delivered to the Company's CEO on Monday 2 May 2016, during a scheduled project meeting with Tractebel Engi..
  • Ferrum Crescent publishes report for the quarter

    2016-04-29
    Ferrum Crescent Limited released its quarterly and cash flow report for the period ended 31 March 2016. 

    Highlights

    - Completion of review and strategic re-focusing of the group’s assets and corporate structure
    - Farm-in and joint venture agreeme..
  • Jubilee Platinum’s tailings project update

    2016-04-28
    Jubilee Platinum Plc released an update regarding the tailings projects achievement of key milestones at its chrome processing operation at the Dilokong Chrome Mine. 

    As previously announced Jubilee has secured access to an additional 50 000 tonnes per month (“tpm”) processing capability at the ASA project, thereby incr..
  • Impala Platinum Holdings reports a 12% increase in platinum production

    2016-04-26
    Impala Platinum Holdings Limited released its third quarter production report for the period ended 31 March 2016. 

    Production

    Gross refined platinum production for the quarter ended 31 March 2016 increased by 17% to 353 000 platinum ounces, compared t..
  • SacOil Holdings signs Joint Venture Agreement

    2016-04-25
    SacOil Holdings Limited announces that a Joint Venture Agreement for the development of the African Renaissance Pipeline Project (“Project”) was signed in Maputo, Mozambique on Friday, April 22, 2016 by the following parties i.e. Empresa Nacional de Hidrocarbonetos (ENH), Profin Consulting Sociedade Anonima (Profin), China Petroleum Pipeline Bureau (CPP), China Petroleum & T..
  • Botswana Diamonds exploration update

    2016-04-22
    Botswana Diamonds Plc provided an update on their ongoing diamond exploration campaign in Botswana.  

    The campaign is part of the 50/50 joint venture between Botswana Diamonds and Alrosa, the world's leading diamond producer. 
     
    Exploration in &..
  • Elemental Minerals makes Board changes

    2016-04-22
    Elemental Minerals Limited announced the resignation of Robert Samuel Middlemas as a Non-Executive Director and the appointment of Jonathan Trollip to the Company’s Board. 

    Middlemas had been on the Company’s Board for six years and has decided not to stand for re-election at the upcoming Annual General Meeting. His res..
  • Acacia Mining records a 3% increase in revenue

    2016-04-22
    Acacia Mining Plc released its results for the three months ended 31 March 2016. 

    Financial Highlights

    •Revenue of $221 million, 3% higher than Q1 2015, driven by increased gold sales
    •EBITDA1 of $66 million, 24% higher than Q1 2015, mainly due..
  • South32’s balance sheet remains strong

    2016-04-21
    South32 Limited released its quarterly report update for the period ended 31 March 2016. 

    -  Our strong balance sheet remains a key point of difference. At 31 March 2016 our estimated net cash[1] position was $18M.
    -  We are well positioned to achieve FY16 production guidance for all ..
  • Anglo American reports an increase in platinum production

    2016-04-21
    Anglo American Plc released its production report for the quarter ended 31 March 2016. 

    - Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce production in response to trading conditions in 2015.
    - Platinum production (expressed as metal in concentrate)(See Note..
  • Swala Energy’s Director resigns

    2016-04-20
    Swala Energy Limited has announced the resignation of Ernest Massawe as Director of the Company’s Board, effective from 20 April 2016. 

    Massawe had been a Non-Executive Director of the Company since its incorporation in early 2013. He was actively involved in Swala Energy’s early stages of development as an oil and gas ..
  • Goldplat reports continued profitability

    2016-04-20
    Goldplat Plc has released its operational update for the three months ended 31 March 2016 for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya, reporting  total gold production of 7,252 ounces, continued profitability and steady progress on priority capital projects.

    &..
  • Avocet Mining secures additional funding

    2016-04-20
    Avocet Mining Plc announced that it has agreed terms with its largest shareholder, Elliott Management, which is the beneficial owner of 27.7% of the Company's shares, for a further $0.8 million in loan funding.

    The new funding represents an increase to the existing loan agreement with Manchester Securities Corp., an affiliate of E..
  • BHP Billiton operational review out

    2016-04-20
    BHP Billiton Plc released its operational review for the nine months ended 31 March 2016. 

    - On track to deliver an average unit cost improvement of 14% across our major assets(1) as productivity gains continue to be realised.
    - Full year production guidance maintained for Petroleum, Copper and Coal.&l..
  • Shanta Gold releases production and operational results

    2016-04-19
    Shanta Gold Limited has released its production and operational results for the quarter ended 31 March 2016 for its New Luika Gold Mine located in Tanzania. 

    Highlights

    Operational
    <..
  • Namibian Copper requests trading halt

    2016-04-18
    Namibian Copper Nl announced that the Company’s securities will be placed on trading halt, at the request of the Company, pending the release of an announcement by the Company. 

    Unless ASX decides otherwise, the Company’s securities will remain in trading halt session state until the ealier of the commencement of normal..
  • Sibanye Gold re-organises management structure

    2016-04-18
    Sibanye Gold Limited has revised and is implementing its organisational structures in order to ensure that it is optimally positioned for its entry into the PGM mining sector in 2016.

    In order to ensure the sustained focus on safe, cost-effective delivery of production from its underground mining and surface processing operations as it becomes ..
  • Prospect Resources updates on recent acquisition

    2016-04-15
    Prospect Resources Limited released an update regarding its recent acquisition of a 6 month option to purchase a 70% interest in the Kamalingela Moba Gold Project, Democratic Republic of Congo. 

    At the Kamalingela project, gold veins structures have been traced over 4km of strike. Vein thickness increases up to 75m width. T..
  • Hummingbird Resources releases FY15 results

    2016-04-14
    West African focused gold development company, Hummingbird Resources Plc,  released its results for the period ended 31 December 2015.

    Operational Highlights (includes post period highlights)
     
    - Significant progress made in the development of the 2.2Moz Y..
  • Harmony Gold Mining Company releases production update

    2016-04-14
    Harmony Gold Mining Company Limited has advised that its production guidance for the financial year of about 1.1 million ounces is maintained.

    The March 2016 quarter was 6% higher than the comparative quarter in the previous financial year, but 9% lower than the December 2015 quarter. Total production was impacted by the late start-ups followin..
  • Giyani Gold’s Director resigns

    2016-04-12
    Giyani Gold Corporation announced the resignation of Ron Reed, the Chief Financial Officer (“CFO”) of the Company, effective April 5, 2016.

    Duane Parnham, Executive Chairman, will act in the capacity as CFO until a new appointee is made. The Company would like to thank  Reed for his contribution and dedication to Giyani..
  • Caledonia Mining Corporation's Director resigns

    2016-04-12
    Caledonia Mining Corporation announced the resignation of  Independent Director, David Henderson, with effect from 15 April 2016.

    Henderson had been on the Company's Board since August 2015. 

    Commenting on Henderson's resignation, Leigh Wilson, ..
  • GoldStone Resources releases corporate update

    2016-04-12
    GoldStone Resources Limited provided an update to the market and to shareholders.
     
    Given the prevailing commodity prices and market sentiment towards exploration companies, Goldstone has undertaken a number of initiatives to reduce costs and recalibrate the business in line with the current financial position of the Company. &nbs..
  • Shanta Gold updates on exploration programmes

    2016-04-12
    Shanta Gold Limited provided an update from its ongoing regional exploration programme within and surrounding its flagship asset, the New Luika Gold Mine located in the Lupa Goldfield in southwest Tanzania. 

    Drilling programmes have been completed at the Ilunga and Black Tree Hill mineralised prospects, located approximatel..
  • CFO and Director of Lonmin steps down

    2016-04-12
    Lonmin Plc has announced that Simon Scott will step down as the Company's Chief Financial Officer and Director.

    While the exact date on which Simon will leave the Board has not yet been determined, it is expected that Simon will step down from the Board following the Company's Interim Results in May 2016.
  • Aquarius Platinum further update on shareholder payments

    2016-04-11
    Aquarius Platinum Limited refers to its announcement of 5 April in relation to the payments to be made to Aquarius shareholders on completion of the transaction with Sibanye Gold Limited (Sibanye).

    As previously announced, each Aquarius shareholder will receive payment in the currency of the country of the relevant branch register o..
  • Base Resources releases activities report

    2016-04-08
    Base Resources Limited released its quarterly corporate and operational update for its Kwale Mineral Sands Operations in Kenya, East Africa. 

    HIGHLIGHTS

    - Record zircon production and sales achieved.

  • Afarak Group's Mogale Alloys completes negotiations

    2016-04-08
    Afarak Group Plc's subsidiary, Mogale Alloys (Pty) Ltd, has successfully concluded Section 189 negotiations at its plant.

    The current economic environment remains challenging and this required the Company to take responsible decisions in the long-term interest of all its stakeholders. 

    <..
  • Centamin recorded an increase in gold production

    2016-04-07
    Centamin Plc is pleased to announce preliminary production results for the quarter ended 31 March 2016 from its Sukari Gold Mine ("Sukari") in Egypt.
     
    Preliminary total gold production for the quarter was 125,268 ounces, a 6.5% increase on the previous quarter and a 15.7% increase on Q1 2015.  Full year production ..
  • Caledonia Mining Corporation releases production update

    2016-04-07
    Caledonia Mining Corporation Plc released a production update  for the quarter ended 31 March 2016 for its 49% owned subsidiary, the Blanket Mine located in Zimbabwe. 

    Approximately 10,822 ounces of gold were produced during the Quarter, representing an 8.7 per cent increase on the gold produced in Q1 2015 (9,960 ounc..
  • Tharisa achieves multiple milestones for Q2 FY16

    2016-04-07
    Tharisa Plc announced its second quarter production report for three months ended 31 March 2016.

    Tharisa Minerals recorded a number of milestone achievements during the quarter including (on an annualised basis) reef mined exceeding the steady state required run rate of 4.8 Mtpa, mill throughput performing at nameplate design capacity ..
  • Premier African Minerals' update on the RHA Tungsten mine

    2016-04-06
    Premier African Minerals Limited provided an update on the RHA Tungsten Mine ("RHA"), in which the Company is the operator and holds a 49% interest.

    Highlights

    - Re-equipping of the 120 meter vertical shaft nearing completion;
    -..
  • Aquarius Platinum to pay out shareholders

    2016-04-05
    Aquarius Platinum Limited as previously announced, each Aquarius shareholder will receive payment in the currency of the country of the relevant branch register on which such shareholders’ shares are registered (ie Australian dollars, UK pounds sterling or South African rand), converted at the prevailing spot exchange rate on Friday 8 April 2016 (Record Date).
    &l..
  • Bushveld Minerals signs MOU

    2016-04-04
    Bushveld Minerals Limited announced the signing of a Memorandum of Understanding (the "MoU") between its 84% owned energy subsidiary, Bushveld Energy Limited and UniEnergy Technologies ("UET").
     
    UET is a United States of America based manufacturer of turn-key, large and medium-scale energy storage systems for util..
  • Gemfields releases auction results

    2016-04-04
    Gemfields Plc announced the results of its auction of predominantly higher quality rough emerald extracted by Kagem Mining Ltd (which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia) in Zambia.
     
    The auction also included higher quality amethyst from Kariba Minerals Ltd in which Gemfields has a 50% intere..
  • Giyani Gold releases corporate update

    2016-04-01
    Giyani Gold Corporation announced that further to its news releases dated October 14, 2015 and November 20, 2015, the Company and Crystal Capital Wealth Corporation have terminated the indicative
    letter of intent agreement as it has expired. 

    Under the terms of the Agreement, Giyani is entitled to and ..
  • Sipa Resources' Director retires

    2016-04-01
    Sipa Resources Limited announced the retirement of Non-Executive Director, Dalton Gooding, from the Company's Board effective immediately. 

    Gooding retired from Sipa Resources' Board to focus on his other Board roles. His role of Senior Independent Director will be assumed by Karen Field. He had been with the Comp..
  • Elemental Minerals completes Placement

    2016-04-01
    Elemental Minerals Limited has completed the remaining balance of the AUD2.44m placement announced on 12 February 2016. 

    In addition, the Company has further raised $0.36m through the issue of 1.8m fully paid ordinary shares at AUD0.20 from unrelated sophisticated and institutional investors. The funds raised will be used t..
  • Kibo Mining completes Definitive Power Feasibility Study Work

    2016-04-01
    Kibo Mining Plc has announced the completion of the Definitive Power Feasibility Study work conducted at the Mbeya Coal to Power Project in Tanzania. 

    The DPFS report is now subject to a review process. The findings of the DPFS will 
    be announced on completion of the review.
  • Erin Energy anticipates arrival of the LWI vessel in April

    2016-03-30
    Erin Energy Corporation announced that the Island Constructor light well intervention (LWI) vessel has departed Skalevic, Norway and is en route to the Oyo field, offshore Nigeria.

    The vessel will be used for LWI service on the Oyo-8 well (Oyo-8), which has been necessitated by the failure of the wells sub-surface controlled sub-su..
  • Miranda Mineral Holdings releases suspension update

    2016-03-30
    Miranda Mineral Holdings Limited has released an update regarding the voluntary request made by the Company to the JSE to suspend the share trade of the Company following a determination that the Company is financially distressed.

    Further to the previous suspension update announcements, the last being 15 December 2015 and the renewal of caution..
  • Pallinghurst Resources expects a loss for FY15

    2016-03-30
    Pallinghurst Resources Limited released its trading statement for the year ended 31 December 2015. 

    Pallinghurst Resources is reasonably certain that its loss per share and headline loss per share will be USc 20.0 for the year ended 31 December 2015 compared to earnings and headline earnings per share of USc 7.0, a de..
  • Wesizwe Platinum releases abridged financial statements

    2016-03-30
    Wesizwe Platinum released its abridged financial statements for the year ended 31 December 2015. 

    HIGHLIGHTS
    - Main and Ventilation Shafts completed as scheduled, at 825m and 810m
      respectively.
    - Achieved 472m Flat Development for Main and V..
  • Gold Fields concludes agreement with Ghanaian government

    2016-03-29
    Gold Fields Limited  announced that it has concluded a development agreement with the Government of Ghana for both the Tarkwa and Damang mines. The highlights of the agreement include:

    -   A reduction in the corporate tax rate from 35.0% to 32.5%, effective 17 March 2016.
    -   A change..
  • Shanta Gold receives financing for its power station

    2016-03-24
    Shanta Gold Limited announced that it has received $9.1 million financing from Bank M Tanzania Plc ("Bank M") for the construction of its 7.5MW power station at the New Luika Gold Mine ("NLGM" or "the Mine") located in the Lupa Goldfield in southwest Tanzania. 

    Highlights:
  • Jubilee Platinum completes project funding

    2016-03-22
    Jubilee Platinum Plc announced the successful completion of the project funding for the execution and commissioning of both its two surface platinum processing projects.

    Highlights

    - Jubilee completes full project funding for the simultaneous execution of its two surface platinu..
  • Syrah Resources appoints a Sales and Marketing General Manager

    2016-03-22
    Syrah Resources Limited has appointed Antonio Assis as General Manager Sales and Marketing, with effect from April 2016. 

    Assis has 28 years of international sales and marketing experience across multiple industries including the graphite sector. His most recent role was with Nacionale de Grafite, as worldwide sales and m..
  • Centamin reports increase in production

    2016-03-22
    Centamin Plc released its results for the year ended 31 December 2015. 

    Operational Highlights

    Production of 439,072 ounces, a 16% increase on 2014 and within the revised guidance range.  Q4 2015 production of 117,644 ounces was within Sukari's target an..
  • Wescoal Holdings releases Operational update

    2016-03-22
    Wescoal Holdings Limited released a trading statement for the year ended 31 March 2016.

    Headline earnings per share (HEPS) for the period will be approximately 50% more than 15.4 cents per share reported for the prior comparative period.

    The November 2015 equity injections of R52-m..
  • Oando's Director steps down

    2016-03-18
    Oando Plc has advised shareholders that Francesco Cuzzocrea resigned as the Company's Non-Executive Director, from the Board of Directors with effect from February 19, 2016.

    The resignation became necessary due to increasing demands on Francesco Cuzzocrea's time by other interests. While on the Board, he was an active memb..
  • IMX Resources receives an Environmental Certificate

    2016-03-18
    IMX Resources Limited announced that the Chilalo graphite project has been issued with an Environmental Certificate by the National Environment Management Council of Tanzania. This certificate is a pre-requisite for the granting of a Mine License. 

    Given that capital expenditure for development of the Chilalo project is exp..
  • Burey Gold receives positive results

    2016-03-18
    Burey Gold Limited has received further positive results for broad spaced (400 x 200m) soil sampling programmes over the Kebigada structural corridor on PE 5049 on its Giro gold project in the Moto Greenstone Belt, NE Democratic Republic of Congo. Two main groups of gold anomalism and mine workings have now been defined, the southern and recently expanded Giro-Adoku group and recently i..
  • Sibanye Gold acquires the Rustenburg Operations

    2016-03-17
    Sibanye Gold Limited referred shareholders to the announcement released on 18 January 2016 confirming that shareholders had approved the acquisition of the Bathopele, Siphumelele (incl. Khomanani), and Thembelani (incl. Khuseleka) mining operations, two concentrating plants, an onsite chrome recovery plant, the Western Limb Tailings Retreatment Plant, associated surface infrastructure a..
  • Firestone Diamonds releases interim results

    2016-03-16
    Firestone Diamonds Plc released its unaudited interim results for the six months ended 31 December 2015. 

    Highlights 
     
    Liqhobong Diamond Mine 
     Project 61% complete as at end of December 2015
    &..
  • Gem Diamonds releases robust results

    2016-03-15
    Gem Diamonds Limited has released its  full year results for the year ended 31 December 2015.

    FINANCIAL RESULTS
         Revenue $249.5 million, down 8% YoY
         Underlying EBITDA $103.5million, down 2% YoY
    &nbs..
  • Erin Energy appoints a new CEO

    2016-03-14
    Erin Energy Corporation announced today the appointment of John Hofmeister, a former President at Shell Oil Company, as Chairman of the Board of Erin Energy Corporation. 

    The appointment will be effective the day immediately following Erin Energys annual meeting of shareholders, expected to take place in late-May 2016, whe..
  • Coal of Africa releases transaction update

    2016-03-11
    Coal of Africa Limited and Universal Coal Plc provided the following update on CoALs recommended offer for the entire issued and to be issued share capital of Universal (the "Offer").

    Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the offer docu..
  • Canyon Resources raises capital

    2016-03-11
    Canyon Resources Limited has completed a $700 000 capital raising through the placing of 14 million shares to sophisticated and professional investors. 

    The raising was placed at 5 cents per share with 1 attaching unlisted option for every share issued. The unlisted oprtions are exercisable at 6 cents each and expire 29 Sep..
  • The Waterberg Coal Company's market update

    2016-03-11
    The Waterberg Coal Company Limited has advised its shareholders that the Company is in negotiations with Villora Limited to assist it in a recapitalisation of the Companys balance sheet.

    This recapitalisation includes, inter alia, the provision of working capital and a potential transaction to acquire the secured convertible note (SCN) held by..
  • Sula Iron and Gold raises funds through subscription

    2016-03-10
    Sula Iron and Gold Plc announced that it has conditionally raised 190,000 from Jub Capital Limited, by way of a conditional subscription by Jub Capital for 118,750,000 new ordinary shares of 0.1p each in the capital of the Company at a price of 0.16p per Subscription Share.

    Jub Capital is an existing institutional investor and was ..
  • Harmony Gold Mining changes its financial reporting period

    2016-03-09
    Harmony Gold Mining Company Limited has advised that following a review of its reporting requirements, the Company has taken the decision to change from quarterly to semi-annual financial reporting.

    Production updates will nevertheless be provided to the market on a quarterly basis.

  • Keaton Energy Holdings releases an update

    2016-03-09
    Keaton Energy Holdings Limited continues to follow due legal process in its attempts to resolve the illegal industrial action by employees of Nasonti Mining (Pty) Limited (Nasonti) that included an illegal sit-in at the groups Vaalkrantz Colliery (Vaalkrantz) last week. Vaalkrantz is currently held in group subsidiary Leeuw Mining & Exploration (Pty) Limited (LME).
  • Arcelormittal South Africa appoints a new CEO

    2016-03-08
    Arcelormittal South Africa Limiteds Board of Directors have approved the appointment of Wim de Klerk as Chief Executive Officer and Executive Director of the Board with effect from 1 September 2016.

    De Klerk holds a Bachelors of Accountancy degree (Honours) from the University of Pretoria, an Executive Management Diploma from Darde..
  • Mustang Resources acquires additional licenses

    2016-03-08
    Mustang Resources Limited announced the exercise of its option to acquire, from Regius Resources Group Limited, the rights to a 90% and 95% interest in two additional exploration licenses north of the companys existing Balama graphite project in Mozambique. Completion of the acquisitions is subject to the payment of $50 000 by 15 April 2016. 

    &l..
  • Burey Gold receives further drilling results

    2016-03-08
    Burey Gold Limited reported it has received impressive drilling results for two additional holes at the Kebigada Shear Zone at its Giro gold project in the Kilo-Moto Belt, NE Democratic Republic of Congo. 

    Highlights:

    -Results received for two additio..
  • Xtract Resources updates on Manica project

    2016-03-07
    Xtract Resources Plc announced on 1 March 2016 that it had received approval from the Mozambique Government to acquire a 100% of the Manica Gold Project (the 'Manica Project'). 

    The Company is pleased to confirm that it has completed an in-house update on the economic metrics of the Manica Project, as part of the ..
  • Exxaro Resources makes changes to the Board

    2016-03-04
    Exxaro Resources Limited announced the resignation of Financial Director, WA (Wim) de Klerk, following his application to step down in order for him to make a lifestyle change with effect from 31 August 2016 or an earlier date if so agreed with the Board. 

    Wim has been requested to, during this period, specifically assist t..
  • Petmin expects an increase in earnings

    2016-03-04
    Petmin Limited released its trading update for the six months ended 31 December 2015. 

    Shareholders are advised that following a solid operational performance at its Somkhele anthracite mine, Petmin�s headline earnings for the six months ended 31 December 2015 are expected to increase by approximately 70% to approximately..
  • Coal of Africa updates on recommended offer

    2016-03-04
    Coal of Africa Limited released an update on its recommended offer for the entire issued and to be issued share capital of Universal Coal Plc (Universal) (the Offer).

    Fulfilment of Offer Conditions

    CoAL is pleased to advise that, in fulfilment of certain key C..
  • Pathfinder Minerals' company update

    2016-03-03
    Pathfinder Minerals Plc has released its update on its position and the steps to recover mining Licenses 760C and 4623C in Zambezia Province, Mozambique.

    Legal proceedings in Mozambique

    The Company continues to await information from the Mozambique Courts on p..
  • Botswana Diamonds' highlights of the 2016 programme

    2016-03-03
    Botswana Diamonds Plc presented highlights of the forthcoming first half 2016 exploration programme for Botswana.  

    This will commence this month and will be managed by Alrosa, the Russian diamond producer, who is our 50 per cent partner in the venture.
     
    Highlig..
  • West African Resources releases RC results

    2016-03-02
    West African Resources Limited reported extremely high grade RC results from the M1 prospect at its 100% owned Tanlouka gold project in Burkina Faso. 

    Highlights: 

    -31m at 17g/t including 4m from 104m ending in mineralisation at M1 South
  • SacOil Holdings successfully concludes agreement

    2016-03-01
    SacOil Holdings Limited has concluded a cooperation agreement with new partners and the China Petroleum Pipeline Bureau for the construction of the African renaissance gas pipeline in Mozambique. 

    Key Highlights

    - A Cooperation Agreement (�CA�) that will result in t..
  • Royal Bafokeng Platinum recorded a decrease in revenue

    2016-03-01
    Royal Bafokeng Platinum Limited announced its audited annual results for the year ended 31 December 2015. 

    KEY FEATURES

    ACHIEVEMENTS

    >  Successful commissioning of Styldrift I Main shaft
    &..
  • Triton Minerals requests trading halt

    2016-03-01
    Triton Minerals Limited has requested an immediate trading halt on the Companys securities pending an announcement regarding a strategic UPDATE.

    The trading halt will continue until ceased by the release of an announcement or no later than the commencement of trading on Tuesday, 01 March 2016. 
  • Caledonia Mining enters into gold price hedge

    2016-02-29
    Caledonia Mining Corporation advised that it has entered into a 6 month "cap and collar" hedge over 15,000 ounces of production using a "collar" value of $1,050 per ounce and a cap value of $1,080 per ounce. 

    The hedge will provide Caledonia with greater certainty as to its cash flows in the period up to..
  • KEFI Minerals provides operational update

    2016-02-29
    KEFI Minerals provided a progress report for its Tulu Kapi Gold Project in Ethiopia, which remains on track for financing mid-2016 and production end-2017.  
     
    Operational Progress:
     
    -  FEED (Front-End Engineering and Design) has been delivered ..
  • Northam Platinum's revenue up 5.4%

    2016-02-26
    Northam Platinum Limited released its financial report for the six months ended 31 December 2015. 

    Revenue generated from sales increased by 5.4% to R3.2 billion (H1 F2015: R3.0 billion), reflecting the group's increasing sales volumes. Sales volumes were 19.3% higher, at 7 716kg or 248 075oz (H1 F2015: 6 468kg; 207 95..
  • Sibanye Gold maintains operating profit

    2016-02-26
    Sibanye Gold Limited has released its reviewed condensed consolidated preliminary financial statements for the year ended 31 December 2015. 

    The Company maintained its operating profit of R4.0 billion. Net debt was reduced from R1.7 billion as at June 2015 to R1.4 billion as at December 2015. Gold production incr..
  • Exxaro Resources releases a further trading statement

    2016-02-25
    Exxaro Resources Limited released a further trading statement following the finalisation of Total Coal South Africa Pty Limited.

    Further to the trading statement published on SENS on 11 November 2015, the earnings range for the group attributable and headline earnings are now reasonably confirmed. As such, and in compliance with the..
  • Impala Platinum Holdings reports an increase in platinum production

    2016-02-25
    Impala Platinum Holdings Limited released its consolidated interim results for the six month period ended 31 December 2015. 

    Key features

    Safety
    - Achieved lowest ever 12 month rolling fatal injury rate of 0.24 per million man ho..
  • Shanta Gold completes a RC drilling programme

    2016-02-24
    Shanta Gold has released an update from its ongoing regional exploration programme conducted at its New Luika Gold Mine located in Tanzania.

    Highlights:

    Phase 1 drill programme of 2,699 m encountered mineralisation in 24 of 26 holes including:
    -
  • Trans Hex Group restructures operations

    2016-02-22
    Trans Hex Group Limited concluded an agreement with the National Union of Mineworkers to change the production shift system at the Company's Lower Orange River operations, which consist of the Baken and Bloeddrif mines, effective from Monday, 29 February 2016.

    The change is in line with the Company's strategy of responsibl..
  • Jubilee Platinum updates shareholders

    2016-02-22
    Jubilee Platinum Plc released an update to its shareholders following previous announcements and the live webcast held on 19 January 2016.

    Highlights

    - Erection of ASA Metals processing plant (Plant) completed
    - Commissioning of the Plant targeted during ..
  • Tawana Resources releases drilling results

    2016-02-19
    Tawana Resources NL's drilling results confirms the presence of high grade Direct Shipping Ore mineralisation and high grade friable iron formation from the newly discovered Goehn Prospect.

    Six diamond drill holes (376.5m) were drilled over the north east section of the Goehn Prospect where there was a concentration of high grade ..
  • Gold Fields achieves positive cash despite lower prices

    2016-02-18
    Gold Fields Limited released its results for the quarter and year ended 31 December 2015.

    Attributable equivalent gold production was recorded at 566koz, a 2% increase quarter-on-quarter, with All-in-Sustaining costs and all-in-Costs decreasing by 2% to $929 per ounce and $942 per ounce respectively. 
    ..
  • Kibo Mining reports positive test results

    2016-02-17
    Kibo Mining Plc has released its special analysis test results on the Mbeya coal resource of the Mbeya Coal to Power Project. 

    Highlights
    - Ash fusion temperature (in both oxidizing and reducing environments) well above boiler operating temperature;

  • Savannah Resources successfully completes placing

    2016-02-17
    Savannah Resources Plc it has raised 1,747,473 through the placing of 98,295,329 ordinary shares of 1.0p each ('Ordinary Shares') at a placing price of 1.777778p per ordinary share ('Placing Shares') to Al Marjan Limited. 
     
    HIGHLIGHTS:

  • Tlou Energy's Non-Executive Chairman resigns

    2016-02-16
    Tlou Energy Limited announced the resignation of Non-Executive Chairman, Nathan Mitchell, from the Company's Board of Directors with immediate effect. 

    Pursuant to this,  the Company appointed Martin Mclver to serve as the new Non-Executive Chairman of the Company's Board with immediate effect. Mclver has..
  • Elemental Minerals to raise A$4.1 million

    2016-02-16
    Elemental Minerals Limited has received commitments to raise A$4.1 million through the issue of 20.5 million fully paid ordinary shares at A$0.20 from unrelated sophisticated and institutional investors. 

    Funds raised will be used to supplement the Companys working capital and allow the continuation of the process of compl..
  • Stellar Diamonds successfully exports diamonds to Antwerp

    2016-02-15
    Stellar Diamonds Plc announced that it has exported a diamond parcel of 3,341 carats from trial mining of its Baoul kimberlite project in the Aredor area of Guinea to Antwerp.  

    These goods will be cleaned and assorted prior to a planned auction which is expected to take place in March.
     <..
  • South African Coal Mining Holdings makes changes to the Board

    2016-02-15
    South African Coal Mining Holdings Limited has announced the resignation of Solly Mokoetle as Chairman and member of the Company's Board.

    Mokoetle had been on the Company's Board since February 2012.

    The board of SACMH thanked Mr Mokoetle for his contributions to the comp..
  • Triton Minerals' Directors resign

    2016-02-12
    Triton Minerals Limited announced the resignations of Non-Executive Directors, Alan Jenks and Rodney Baxter, from the Company's Board of Directors, effective immediately.

    Jenks resigned due to ill health and Baxter resigned due to an unexpected increase in the time required to meet his other existing commitments outside the Com..
  • Mount Burgess Mining recovers Lead and Zinc

    2016-02-12
    Mount Burgess Mining NL received the results from the core samples submitted in 2011 for testing of Ga and Ge at the Kihabe and Nxuu Zn/Pb deposits located in Botswana. 

    Sections from two holes drilled into the Kihabe deposit (KDD126 and KDD143), {one khole drilled into the Nxuu deposit (NXD005) and one hole drilled into th..
  • North River Resources delineates additional extensions

    2016-02-12
    North River Resources Plc has successfully delineated additional extensions of known lodes and identified additional high grade targets on the Namib Lead-Zinc Project in Namibia.

    Highlights
    -     4,828 metres drilled since August 2014
    -     Results provi..
  • Glencore releases 2015 production report

    2016-02-11
    Glencore Plc released its production report for the twelve months ended 31 December 2015. 

    OPERATING HIGHLIGHTS

    Copper assets
    Own sourced copper production of 1,502,200 tonnes was 43,800 tonnes (3%) lower than 2014, reflecting the impact of the ann..
  • DRDGold expects an increase in earnings

    2016-02-08
    DRDGold Limited released its trading statement for the six months ended 31 December 2015 and production update for the quarter ended 31 December 2015.

    In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that, with a reasonable degr..
  • Kumba Iron Ore announces changes to the Board

    2016-02-05
    Kumba Iron Ore Limited announced that Anthony Martin (Tony) ONeill has tendered his resignation as a Non-Executive Director from the Board of the Company with effect from 5 February 2016.

    ONeill served on the Kumba Board of Directors from 30 September 2013, as a shareholder representative of Anglo American. The Board wishes to exp..
  • ArcelorMittal South Africa appoints Acting CEO and CFO

    2016-02-04
    ArcelorMittal South Africa Limited reported that following the resignation of  Paul OFlaherty as Chief Executive Officer  (CEO) and Executive Director of the Company with effect from 12 February 2016, the recruitment process for a new Chief Executive Officer is well advanced.

    Therefore shareholders are advised tha..
  • Hummingbird Resources receives Gonka deposit results

    2016-02-03
    Hummingbird Resources Plc announced the results of a Desktop  Study on the Gonka deposit (the "Study"), located south of the proposed Yanfolila Gold Project ("Yanfolila") plant in Mali, prepared for the Company by DRA Projects ("DRA"). 
     
    Gonka is not currently included in the Yanfolila ..
  • North River Resources receives notice of preparedness to grant the mining license

    2016-02-03
    North River Resources Plc received a notice of preparedness from the Ministry of Mines and Energy to grant the mining license for its Namib Lead-Zinc project located in Namibia.
     
    As shareholders are aware, the mining licence is a critical step towards taking the Namib project toward to an investment decision and into construction. &a..
  • Gem Diamonds releases Q4 2015 trading statement

    2016-02-03
    Gem Diamonds Limited released its operational and sales performance for Q4 2015.

    Leteng:
    Strong end to the year with full year production above guidance. Prices remain robust.
      - Produced 29 100 carats in Q4 2015 taking full year production to 108 579 carats.
  • DiamondCorp makes changes to the Board

    2016-02-01
    DiamondCorp Plc has announced the retirement of Nick Allen as a Non-Executive Director of the Company and the appointment of Christopher (Chris) Ellis as an Independent Non-Executive Director with effect from 1 February 2016. 

    Ellis has an investment banking career spanning over 20 years in London and the United States. H..
  • Wesizwe Platinum's Director resigns

    2016-02-01
    Wesizwe Platinum Limited announced that of its seven non-executive directors, Jikang Li, has resigned from the Company's  Board of Directors with effect from 28 January 2016.

    Li had been on the Wesizwe's Board since May 2011.

    The Board thanked Li for his valua..
  • Kumba Iron Ore's production and sales decreases

    2016-02-01
    Kumba Iron Ore Limited, a South Africa-based exploration and development company, has released its production and sales report for the quarter ended 31 December 2015.

    Kumba Iron Ore recorded a full year production of 44.9 Mt. Total production decreased by 12% to 10.9Mt when comparison with total production of 12.4Mt recorded for the..
  • Coal of Africa releases production report

    2016-02-01
    Coal of Africa Limited, a coal exploration, mining and development company, released its production report for the quarter ended 31 December 2015. 

    During the period under review, Coal of Africa was able to renew its Integrated Water Use License for the Vele Colliery, which is located in Limpopo, South Africa for a period o..
  • Lonmin releases Q1 FY16 production update

    2016-01-29
    Lonmin Plc released its production report and update for the three month period ended 31 December 2015. 

    We are making good progress with the implementation of our Business Plan. As at 27 January 2016 5,077 workers, had left the Group representing 84.6% of our planned head count reduction, in line with expectations. Removal..
  • DiamondCorp's Lace Mine update

    2016-01-26
    DiamondCorp Plc has released update for the Lace diamond mine project located in Free State, South Africa. 

    Highlights:

    - Production ramp up from the Upper K4 (UK4) Block continues on schedule to achieve full production of 30,000 tonnes per month by J..
  • Harmony Gold Mining Company reports continued increase in gold production

    2016-01-26
    Harmony Gold Mining Company Limited advised that it continued to increase its gold production for a third consecutive quarter. 

    Underground grade was up close to 7% and overall gold production was 2% higher quarter on quarter.

    Newly appointed Chief Executive Officer, Pe..
  • Weatherly International releases quarterly update

    2016-01-25
    Weatherly International Plc, a Namibia-based copper mining company, has released its operations and production update for the quarter ended 31 December 2015. 

    According to Weatherly Internationals latest report, the Tschudi open-pit copper mine achieved nameplate production rates of 17 000 tonnes per annum during the Decem..
  • Kibo Mining releases geotechinal drill programme results

    2016-01-21
    Kibo Mining Plc, a mineral exploration and development company, released its Phase 1 of Stage 2 results of the Mbeya Definitive Mining Feasibility Study (MDMFS). According to the company, this is a critical step toward the Mbeya coal to power project. 

    Kibo Mining reported that 820 meter geotechnical diamond core..
  • Tharisa's first quarter report is out

    2016-01-15
    Tharisa Plc has released its first quarter production report for the three month period ended 31 December 2015. 

    The reef mined at the Tharisa Mine increased relative to the comparable quarter and the increase is commendable given the reversion during the quarter to a single mining contractor and the number of production sh..
  • Coal of Africa granted Use License for Makhado Project

    2016-01-14
    Coal of Africa Limited announced that the Department of Water and Sanitation has granted the Company the Integrated Water Use License for its Makhado Project located in Limpopo, South Africa, for a period of 20 years. 

    In 2013, the Company was able to complete a Class II Definitive Feasibility Study on the Makhado project a..
  • Kibo Mining's update on Mbeya Coal to Power Project

    2016-01-13
    Kibo Mining Plc announced that three new Prospecting  Licenses ("PLs") were issued to its wholly owned subsidiary Rukwa Coal Limited. 

    These newly  issued PLs are contiguous with its existing PL block in southern Tanzania that contains the 109 million tonne Mbeya Coal Mineral Resource (the "..
  • Kibo Mining finalising Power Purchase Agreement for MCPP

    2016-01-11
    Kibo Mining Plc announced that it is busy finalising a Memorandum of Understanding with Tanzania Electric Supply Company Limited  ("TANESCO"), on a Power Purchase Agreement ("PPA") for the Mbeya Coal to Power Project ("MCPP").

    Over the past twelve months Kibo has been engaged in a very construc..
  • Central Rand Gold releases operational update

    2015-12-22
    Central Rand Gold Limited announced an operational update and changes to the board of directors of Central Rand Gold.

    The Company previously announced that it had launched a process to review various strategic and funding options available to it, which followed approaches made by four individual Asian investors groups.
    &l..
  • Coal of Africa receives approval for acquisition

    2015-12-17
    Coal of Africa Limited has confirmed that the South African Competition Commission has unconditionally approved Coals acquisition of Universal Coal Plc pursuant to its intended offer for the entire issued and to be issued share capital of Universal announced by Coal on 26 November 2015..

    David Brown, Chief Executive Officer of Coal ..
  • ArcelorMittal South Africa makes changes to the board

    2015-12-15
    ArcelorMittal South Africa Limited has advised shareholders that Paul Sean OFlaherty has given notice to resign as the Chief Executive Officer and Executive Director of ArcelorMittal South Africa with effect from 12 February 2016.

    OFlaherty has resigned due to personal reasons and wishes to pursue other interests. The Board has es..
  • Northam Platinum appoints new Directors to the Board

    2015-12-11
    Northam Platinum Limited has advised shareholders that Temba Mvusi and Hester Hickey have been appointed as Independent Non-Executive Directors to the board of Northam and as members of the audit and risk committee, with effect from 1 January 2016.

    Mvusi currently serves as Chief Executive: Group Market Development and as an Executi..
  • Goldplat releases an operational update

    2015-12-11
    Goldplat Plc announced that the recent completion of two additional capital projects at its market leading gold recovery operations in South Africa and Ghana, both of which form part of the Company's ongoing strategy to improve efficiencies, reduce costs and boost revenues.

    At Goldplat Recovery Pty Limited ('GPL') in ..
  • Premier African Minerals releases update on issue of equity

    2015-12-11
    Premier African Minerals Limited announced that it has received a direct subscription for 112,500 from a single subscriber of new shares. 

    The funds will be utilised to assist in the ongoing underground mining development and working capital requirements at the RHA Tungsten Project in Zimbabwe, of which Premier is the oper..
  • KEFI Minerals completes placing

    2015-12-11
    KEFI Minerals Plc to announce that, further to the equity placing announcement of 24 November 2015, all of the resolutions proposed at the Company's General Meeting held 10 December 2015 were duly passed. 

    Admission to trading on AIM of the 877,191,422 new ordinary shares of the Company to be issued pursuant to the equ..
  • Golden Saint Resources releases an operational update

    2015-12-09
    Golden Saint Resources Limited announced that Rock Forage Consulting Services has completed its second visit to the Golden Saint exploration license areas in Sierra Leone. 

    During the visit Rock Forage oversaw and advised on the implementation of the necessary improvements and modifications to the Explorer 1 (currently in T..
  • Anglo American Platinum releases business update

    2015-12-08
    Anglo American Platinum Limited advises shareholders of the decisive action under way to mitigate the effects of the low Platinum Group Metal (PGM) price environment that is expected to prevail in the short to medium-term and its accounting consequences.

    -  Managing the business for the weak PGM price environment &nbs..
  • Sable Platinum Holdings to acquire assets of Blain Capital Solutions

    2015-12-08
    Sable Platinum Holdings (Pty) Limited, a wholly owned subsidiary of Sable Metals and Mineral Limited, has entered into a heads of agreement on 4 December 2015 to acquire the sale assets of Blain Capital Solutions (Pty) Limited. 

    In terms of the heads of agreement Sable will acquire the sale assets of Blain in order to condu..
  • Tawana Resources makes Board changes

    2015-12-07
    Tawana Resources NL has advised that Robert Benussi has been appointed to the Board of Directors as an Independent Non-Executive Director of the Company with effect 4 December 2015.

    Benussi was the founding shareholder and director of Bligh Resources Limited, holding the positions of Managing Director/Chief Financial Officer from 1 ..
  • Kibo Mining releases update on Hume placing

    2015-12-03
    Kibo Mining Plc is pleased to provide a further update, regarding the delayed receipt of final proceeds from its February 2015 placing with Hume Capital Securities Plc.

    Pursuant to the terms of a previous notice dated 20 August 2015 and reported to the market on 26 August 2015, the Joint Special Administrators of Hume Capital had in..
  • Caledonia Mining releases resource update

    2015-12-03
    Caledonia Mining Corporation has announced an increase and upgrade to the resource base at its 49% owned subsidiary, the Blanket Mine in Zimbabwe. 
     
    Based on the diamond core drilling that has been done at depth below the AR South Section over the past six months, it has been possible to add 222,000 tonnes of new inventory t..
  • Harmony Gold Mining reduces debt

    2015-12-02
    Harmony Gold Mining Company Limited is pleased to advise that it has repaid R1.1 billion of its debt. These repayments comprise $50 million on its $250 million Revolving Credit Facility (RCF) and R 400 million on its R1.3 billion Rand facility.

    The mining operations continue to perform in line with their plans post the September 201..
  • Sibanye Gold releases acquisition update

    2015-12-01
    Sibanye Gold Limited released an update on progress that has been made towards finalising the acquisitions of Anglo American Platinum Limiteds Rustenburg Platinum Operations  and   Aquarius   Platinum  Limited, which were announced on 9 September 2015 and 6 October 2015 respectively. 

    Si..
  • Exxaro Resources releases financial assistance update

    2015-11-26
    Exxaro Resources Limited has released financial assistance for 2016 financial year.  

    Shareholders of diversified resources group Exxaro are reminded of the announcement made on the Stock Exchange News Service on 3 December 2014 regarding the provision of financial assistance to related and inter-related parties of Exxaro f..
  • Keaton Energy results out for the six months

    2015-11-19
    Keaton Energy Holdings Limited has released its reviewed condensed consolidated results for the six month period ended 30 September 2015. 

    Highlights: 

    - Continued excellent performance at Vanggatfontein
    - Gross profit f..
  • Royal Bafokeng Platinums update on Styldrift I project

    2015-11-17
    Royal Bafokeng Platinum Limited has released an update on the Styldrift I project. 

    Following the Companys interim results announcement on the 4th of August 2015 the focus has been on managing the Company through the current depressed market conditions.
    At Styldrift I this included the following:
  • Buffalo Coal releases TSX listing update

    2015-11-12
    Buffalo Coal Corporation  has announced that  further to its press release dated 10 September 2015, the Toronto Stock Exchange has agreed, at Buffalo Coals request, to extend the deadline for the voluntary delisting of its common shares (the Common Shares) from the TSX to November 30, 2015. 

    This furthe..
  • DiamondCorp successfully commissions conveyor belt

    2015-11-12
    DiamondCorp Plc reported that installation of the 400 tonne per hour underground conveyor belt system from the first production level at the Lace mine to surface has been successfully commissioned.

    The conveyor belt capacity has been sized at double the current front end capacity of the processing plant so that future opportunities ..
  • Bushveld Minerals acquires Brits Vanadium Project

    2015-11-11
    Bushveld Minerals Limited has signed a definitive legal agreements in respect of the Company's acquisition of the Brits Vanadium Project in South Africa . 

    The definitive agreements have been signed by Bushveld's wholly-owned subsidiary, to acquire the Brits Project from Sable Metals and Minerals Limited. ..
  • Lonmin achieves its highest platinum sales

    2015-11-11
    Lonmin Plc  has published its final results for the year ended 30 September 2015. 

    Safety

    - Regrettably three fatalities in the second half of the year after 18 months fatality-free 
    - Lost Time Injury Frequency..
  • Centamin reports an increase in gold production

    2015-11-11
    Centamin Plc has released its results for the third quarter and nine months ended 30 September 2015. 

    Operational Highlights

    -Gold production of 105,413 ounces was in line with the second quarter and a 13% increase on Q3 2014.
    -C..
  • Jubilee Platinum releases audited results

    2015-11-11
    Jubilee Platinum Plc has released its audited results for the year ended 30 June 2015. 

    Highlights

    Financial

    - Middelburg Operations and Power Plant disposal ("Disposal Group") completed..
  • Harmony Gold Mining appoints a new CEO

    2015-11-09
    Harmony Gold Mining Company Limited has announced the appointment of Peter Steenkamp as the new Chief Executive Officer with effect from 01 January 2015.

    Following the announcement of Graham Briggs retirement in July 2015, the Harmony board began a formal search for a new Chief Executive Officer.

    <..
  • Trans Hex Group expects a decrease in sales revenue

    2015-10-30
    Trans Hex Group Limited has released its trading statement for the six month period ended 30 September 2014. 

    The Company expects a 35.1% decrease in sales revenue compared to the previous corresponding period, as a result of a 23,6% decline in diamond grades and a 30.3% drop in diamond prices, offset in part by a 14.6% wea..
  • Sibanye Gold releases an update

    2015-10-30
    Sibanye Gold Limited has released its trading statement for the year ended 31 December 2015 and an operational update for the quarter ended 30 September 2015. 

    Sibanye Gold has advised shareholders that a reasonable amount of certainty that its Earnings per Share (2014: 186 cents per share) and Headline Earnings per Share (..
  • Goldplat releases 3 month operational update

    2015-10-29
    Goldplat Plc has announced a positive operations update for the three month period ended 30 September 2015 for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya, reporting a total gold production of 9 581 ounces, a return to profitability and further progress on capital projects.

  • Aquarius Platinum releases results

    2015-10-27
    Aquarius Platinum Limited has released its financial results for the period ended 30 September.

    Highlights  

    - Attributable production from operating mines up 5% quarter-on-quarter, up 8% compared to previous  corresponding period, quarter en..
  • Northam Platinum extends co-operation agreement

    2015-10-23
    Northam Platinum Limited has agreed to extend its co-operation agreement with Heraeus Deutschland GmbH & Co. KG and Heraeus South Africa Proprietary Limited. 

    The agreement will cement the strategic partnership between the companies and support Northams expansion plans.

    &..
  • Sula Iron and Gold releases corporate update

    2015-10-21
    Sula Iron and Gold Plc has released a corporate update for the new drilling contract in Sierra Leone. 

    Highlights:
     
    -Successful 500,000 gross fundraising concluded to carry out an extended drill programme on the Company's Ferensola Gold Project;&..
  • Aureus Mining update on New Liberty mine

    2015-10-21
    Aureus Mining Incorporated has released an update on its New Liberty gold mine located in Liberia. 

    The Company reported that gold production at the New Liberty Gold Mine has temporarily stopped due to a mechanical failure within the secondary crusher.

    Key High..
  • BHP Billiton maintains production guidance

    2015-10-21
    BHP Billiton Plc has released its operational review for the quarter ended 30 September 2015.

    -  Production guidance maintained across all businesses.
    -  Petroleum capital expenditure of US$2.9 billion now planned for the 2016 financial year, a 6%    
    &a..
  • Tawana Resources receives approval for Scoping Report

    2015-10-20
    Tawana Resources NL has announced that the Environmental Protection Agency (EPA) of Liberia has approved the Scoping Report and Terms of Reference report for an Environmental and Social Impact Assessment (ESIA), for the Companys Mofe Creek project (Project). 

    This approval represents a key step forward in the ESIA process,..
  • Merafe Resources releases production report

    2015-10-19
    Merafe Resources Limited has released its production report for the nine months ended 30 September 2015. 

    Merafe Resources attributable ferrochrome production from the Glencore Merafe Chrome Venture for the first nine months of 2015 increased by 14.5% compared to the comparative 2014 period. This increase was primarily att..
  • Wescoal Holdings releases update

    2015-10-16
    Wescoal Holdings Limited has released its trading and operational update for the six month period ended 30 September 2015. 

    The Company has advised shareholders are that the Company expects, with reasonable certainty that the earnings per share for the six months from 1 April 2015 to 30 September 2015 (the Period) will be..
  • Rio Tintos additional listing on LSE

    2015-10-14
    Rio Tinto Plc has made an application to the UK Listing Authority and the London Stock Exchange for the block listing of 70 000 ordinary shares of 10 pence each in the capital of the Company to be admitted to the Official List and to be traded on the main market of the London Stock Exchange.
     
    The Shares will be issued pursuant to the..
  • Shanta Golds CFO resigns

    2015-10-14
    Shanta Gold Limited has announced the resignation of Maseva Shayawabaya as the Companys Executive Director and Chief Financial Officer and will leave the Company on 31 October 2015 in order to pursue an opportunity in his home country, Zimbabwe. 

    The Company is currently actively seeking a replacement and will update the m..
  • Ferrum Crescent concludes agreement with Business Venture Investments

    2015-10-14
    Ferrum Crescent Limited has announced that its subsidiary, Ferrum Iron Ore (Pty) Limited and its parent intermediate holding company, Ferrum South Africa (Pty) Limited have entered into a farm-in and joint venture agreement with Business Venture Investments No. 1709 (Proprietary) Limited in South Africa for the completion of the bankable feasibility study (BFS) at the groups Moonligh..
  • The Waterberg Coal Company makes a new appointment

    2015-10-12
    The Waterberg Coal Company Limited has announced the appointment of Stephen Miller as an Executive Director and Chief Executive Officer of the Company on 14 June and 4 July 2013 respectively, has now been formally appointed to the position Managing Director of the Company with immediate effect.

    Miller was appointed Executive Directo..
  • Paragon Diamonds progress update on acquisition

    2015-10-08
    Paragon Diamonds Limited released an update and progress regarding the proposed acquisition from Lucara Diamond Corporation of the Mothae Kimberlite Resource 5 km from the Leteng le Terai Diamond Mine in Lesotho, and the Companys nearby Lemphane Kimberlite Pipe Project.

    Lucara has agreed to extend exclusivity based upon an appropr..
  • Sierra Rutile achieves strong Q3 operational performance

    2015-10-08
    Sierra Rutile Limited has released its operational for the third quarter of 2015. 

    Highlights:

    -Strong Q3 operational performance with rutile production of 33,960 tonnes, second highest quarter of   rutile production ever&a..
  • Harmony Gold Mining reports an increase in gold production

    2015-10-08
    Harmony Gold Mining Company Limited has reported that total gold production will be 8% to 10% higher quarter on quarter.

    Gold production from the South African operations increased by an admirable 16%, due to an increase in both tonnes and grade. As guided in August 2015, production at Hidden Valley in Papua New Guinea was negativel..
  • Sentula Mining makes changes to the Board

    2015-10-07
    Sentula Mining Limited has announced the resignation of Robin Berry as Chief Executive Officer and Executive Director with effect from 7 October 2015.

    Following his long association with the Company, the Board wishes Berry well in his future endeavors.

    With effect from 7 October..
  • Cardinal Resources new drilling plan at Namdini

    2015-10-06
    Cardinal Resources Limited has announced a new drilling plan within its Namdini project located in Ghana. 

    The Company expects the Reverse Circulation exploration holes to be between 80m to 120m depths. If required, the drill holes will be extended by diamond core drilling. Twin diamond core drilling for quality control pur..
  • Aquarius Platinum enters into agreement with Sibanye Gold

    2015-10-06
    Aquarius Platinum Limited and Sibanye Gold Limited have entered into an implementation agreement, under which a wholly owned subsidiary of Sibanye Gold will, acquire all of the shares in Aquarius for a cash consideration of $0.195 for each Aquarius share. 

    Subject to the Transaction completing, Aquarius shareholders will re..
  • Walkabout Resources releases drilling update

    2015-10-06
    Walkabout Resources Limited has released a report on initial Reverse Circulation drilling at site located in Tanzania. 

    Maiden drilling at the Lindi Jumbo graphite project has revealed extensive, near surface visually classified massive graphite along multiple wide intersections of graphitic schists and gneisses. The drilli..
  • Chrometco announces resignation of FD

    2015-10-06
    Chrometco Limited has announced the resignation of Michael Scott as the Financial Director of the Company with effect from 1 December 2015.

    The Company wishes to thank Scott for his contributions during his tenure as Financial Director of the Company.

    Shareholders are further ad..
  • Firestone Diamonds releases update on Botswana operations

    2015-10-05
    Firestone Diamonds Plc has announced that further to the conditional sale agreement entered into in respect of the disposal of the Company's Botswana operations to Tango Mining Limited, announced on 9 July 2015. 

    Tango Mining has informed Firestone Diamonds that it has not been able to pay $0.3 million into escrow as a..
  • AngloGold Ashanti reaches wage agreements

    2015-10-02
    AngloGold Ashanti Limited has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year.

    The National Union of Mineworkers (NUM), Solidarity and the United Association of South Africa (UASA) today acc..
  • Aquarius Platinum releases sale update on Everest Mine

    2015-10-02
    Aquarius Platinum Limited announced on 10 February 2015 that its subsidiary, Aquarius  Platinum (South Africa ) (Pty) Limited, had entered into an agreement to sell its entire interest in the  Everest Mine and ancillary mining and processing infrastructure and immovable properties to  Northam Platinum Limited. 

  • Cardinal Resources issues 10 000 000 shares

    2015-10-01
    Cardinal Resources Limited has announced that following a recently completed site visit by Macquarie Bank Limited to the Companys projects in Ghana and the Company has agreed to issue 10 000 000 ordinary shares at AUD0.10 per share to raise AUD1.0 million to Macquarie Bank. 

    For every two new shares subscribed for, one lis..
  • Kibo Mining performs well despite challenging economic environment

    2015-10-01
    Kibo Mining Plc has released its interim financial results for the six month period ended 30 June 2015. 

    Highlights:
     
      - Signing of a Joint Development Agreement with China based, 
        SEPCOIII..
  • Resource Generation releases debt funding update

    2015-10-01
    Resource Generation Limited as previously announced, has been pursuing alternative funding options to the Debt Club funding  and one of those options has now materialised. 

    The Company received a signed Memorandum of Understanding (MoU) for the in principle provision of funding to enable construction of its Boikara..
  • Acacia Mining enters into joint venture with OreCorp

    2015-09-23
    Acacia Mining Plc has announced the formation of an earn-in joint venture with OreCorp Limited to progress the Nyanzaga Project in Tanzania. 

    OreCorp will act as manager of the Project and will be able to earn up to a 25% ownership of the Project through the completion of various work programme milestones over a three year ..
  • Gemfields releases a CPR on the Kagem mine

    2015-09-23
    Gemfields Plc has released the publication of a Competent Persons Report (CPR) produced by SRK Consulting Limited on the Kagem Emarald mine located in Zambia. 

    Highlights
     
    Measured, Indicated and Inferred Mineral Resource of 1.8 billion carats..
  • Kunene Resources releases final drill results for Kaoko project

    2015-09-22
    Kunene Resources Limited has received its final assay results for the drilling programme undertaken at its 95% owned Kaoko project located in Namibia. 

    The drilling campaign was largely undertaken with funds provided by First quantum Minerals under the Kaoko project joint venture. The drilling campaign was conducted from Ma..
  • South 32 updates on mineral resource and ore reserves

    2015-09-22
    South32 Limited has announced changes to its estimates of Mineral/Coal Resources and Ore/Coal Reserves for three of its key operations: Cannington, Groote Eylandt Mining Company (GEMCO) and Illawarra Metallurgical Coal.

    The company reports:

    - Cannington- a 21%..
  • Mena International Petroleum Company commences with phase 2 development

    2015-09-18
    Mena International Petroleum Company Limited, a subsidiary of SacOil Holdings Limited, has commenced with phase 2 of the field development operations at its 100% owned Lagia oil field in Egypt.

    This second phase includes the installation of steam facilities for a thermal recovery process on the existing production wells and the dril..
  • Resource Generation to appoint additional Directors to the Board

    2015-09-18
    Resource Generation Limited has received a request to appoint additional Directors to the Boards of the company and its Black Economic Empowerment subsidiary, Ledjadja Coal (Pty) Limited, from Noble Group (Noble). 

    Noble believes that the Boikarabelo Project is reaching a critical juncture both in relation to debt funding a..
  • Buffalo Coal releases further update on Avemore mining right

    2015-09-18
    Buffalo Coal Corporation has released an update to shareholders on the proceedings against the Minister of Mineral Resources in South Africa and Avemore Trust seeking urgent relief in respect of the Ministers decision to withdraw the Director-Generals decision to grant Mining Right 301 (MR301).

    As well as withdrawal of the appro..
  • AngloGold Ashanti concludes investment agreement with Randgold Resources

    2015-09-17
    Randgold Resources Limited and AngloGold Ashanti Limited have concluded an investment agreement aimed at the formation of a joint venture to redevelop and operate AngloGold Ashantis Obuasi gold mine located in Ghana. 

    In terms of the Agreement, Randgold Resources will lead and fund a development plan designed to..
  • Walkabout Resources successfully completes VTEM survey in Tanzania

    2015-09-17
    Walkabout Resources Limited is currently progressing the Lindi jumbo graphite project located in Tanzania. 

    The Company has now completed a helicopter suspended Vertical Time-Domain Electromagnetic, Magnetics and Radiometrics survey over 200 line-kilometres in order to provide pinpoint accuracy for the maiden drilling progr..
  • Castle Minerals and Dundee Precious Metals release head of agreements update

    2015-09-17
    Castle Minerals Limited and Dundee Precious Metals Incorporated first announced a proposed joint venture over its Wa South property in June 2015 that was subject to a 60 day due diligence period. 

    One of the key areas of focus by Dundee was to obtain confirmation of correspondence previously issued to Castle by the Ghana Mi..
  • Firestone Energy releases a corporate update

    2015-09-17
    Firestone Energy Limited and The Waterberg Coal Company Limited (collectively the Waterberg Coal Group (WCG)) have entered into a non-binding term sheet with Sibanye Gold Limited to acquire the existing Waterberg Coal Company funding facility held by Standard Bank of South Africa Limited (SBSA). 

    It is proposed, subject to ..
  • Hummingbird Resources receives positive results for the hydro-electric plant

    2015-09-16
    Hummingbird Resources, has released a positive preliminary report from Knight Piesold Consulting for the proposed hydro-electric plant, 10km from Hummingbird's 4.2 million ounces Dugbe Gold Project located in Liberia. 
     
    This significant development follows the signature of a Collaboration Agreement for the funding and d..
  • Vast Resources reports a loss of $6.8 million

    2015-09-16
    Vast Resources Plc has released its final results for the period ended 31 March 2015. 

     Loss of $6.8 million to 31 March 2015 as..
  • Trans Hex Group releases production and sales update

    2015-09-16
    Trans Hex Group Limited has released its diamond production and sales update for the September 2015 period. 

    Production at the Groups South African operations amounted to 20 839 carats for the five months ended 31 August 2015.

    West Coast Resources (in which ..
  • Tawana Resources releases company update

    2015-09-15
    Tawana Resources NL has released an update on its principal growth activities and strategic direction.

    Advancement of the Mineral Development Agreement (MDA) for the Mofe Creek  project (the Project), representative of both the northern and southern tenements and a potential early start-up project for Direct Shipping Ore ..
  • Weatherly International reports a 15% increase in production guidance

    2015-09-14
    Weatherly International Plc has released an operational update on its Tschudi mine  located in Namibia. 

    -Tschudi production guidance for the current quarter is upgraded by 15% from 1,000 to 1,150 tonnes of copper metal per month.
    -Otjihase and Matchless will convert to a project development s..
  • Sula Iron and Gold identifies additional iron ore targets at Ferensola

    2015-09-11
    Sula Iron and Gold Plc has identified additional Banded Iron Formation targets at the Company's 153 sq. kilometers Ferensola project  located in Sierra Leone.
     
    Prior to the onset of the wet season, the Company commenced a mapping campaign on a magnetic target located to the southeast of the Ferensola project license are..
  • Coal of Africa reports a successful financial year

    2015-09-10
    Coal of Africa Limited has released its annual financial results for the year ended 30 June 2015. 

    Highlights:
    • No fatalities (FY2014: none) and no lost time injuries recorded during the year (FY2014: one);
    • Significant decrease in loss for the y..
  • Petmin reports an increase in earnings

    2015-09-09
    Petmin Limited has released its preliminary financial results for the year ended 30 June 2015.

    The Group reported a 30% year-on- year increase in normalised earnings to R132.1 million for FY15. Headline Earnings per Share increased by 62% to 24.28 cents per share for the year ended 30 June 2015. 
  • Merafe Resources concludes wage agreement

    2015-09-09
    Merafe Resources Limited has advised shareholders that the Glencore-Merafe chrome venture has successfully concluded wage negotiations with all the major unions at all its operations. 

    The Company reported that a three year wage agreement was signed at the ventures western smelter in the North West province and eastern sme..
  • Keaton Energy concludes agreement with Rutendo Mining

    2015-09-08
    Rutendo Mining (Pty) Limited has successfully concluded an agreement with Keaton Energy Holdings Limited, whereby it will exchange its 26% shareholding in Keaton Mining (Pty) Limited for a 21.83% of the issued shares of Keaton Energy Holdings. 

    Rutendo Mining will subscribe for 63 731 714 fully paid Keaton Energy shares at ..
  • Mozambi Resources successfully completes mapping over Chiwata prospect

    2015-09-08
    Mozambi Resources Limited has completed its geological mapping over the Chiwata prospect located in Tanzania. 

    Results from the mapping indicate that graphite mineralisation extends to 4 kilometres and remains open along strike. The Company has completed its geological mapping and grounds magnetic survey.The ground electrom..
  • Tlou Energy completes drilling at Selemo

    2015-09-08
    Tlou Energy Limited has successfully completed drilling the second of the two new lateral production wells at the Selemo project, located in Botswana. 

    The Company is pleased with the final cost of the drilling programme and with the drilling completed, preparations to complete the wells for production are currently underwa..
  • Kinetiko Energy successfully raises AUD0.6 million in placement

    2015-09-07
    Kinetiko Energy Limited has successfully completed a placement to sophisticated and institutional investors, raising approximately AUD0.6 million in proceeds. 

    The Company intends to use the funds from the placement to further negotiations with potential funding partners in South Africa. The placement was priced at 3.5 cent..
  • African Rainbow Minerals performs well despite tough trading conditions

    2015-09-04
    African Rainbow Minerals Limited has released its provisional results for the year ended 30 June 2015. 

    The Company reported a 58% decrease in Headline Earnings from R4 108 million reported for FY14 to R1 744 million reported for FY15. Headline Earnings per Share amounted to 803 cents per share for FY15, compared to 1 900 c..
  • IMX Resources releases a progress update on the Ntaka Hill project

    2015-09-04
    IMX Resources Limited has released an update on its joint venture agreement with Loricatus Resources Limited regarding the Ntaka Hill nickel project in Tanzania. 

    Under the agreement, Loricatus Resources is required to pay IMX Resources the second tranche of the $4 million deferred consideration, subject to successfully com..
  • Hummingbird Resources announces extension of bridge facility

    2015-09-03
    Hummingbird Resources Plc has advised shareholders that the $10 million bridge facility from Taurus Funds Management has been extended by $5 million for the continued development of the Yanfolia gold project in Mali.

    The Company will put the additional funds towards the commencement of initial pit dewatering, land acquisition around..
  • DiamondCorp reports continued encouraging results from kimberlite processing

    2015-09-03
    DiamondCorp Plc has released its unaudited interim results for the six month period ended 30 June 2015.

    The Company reported that its pre-tax loss increased from 2.748 million in H1 FY14 to 3.159 million for the period under review.

    Following the implementation of strict cost ..
  • Buffalo Coal Corp announces changes to the Board

    2015-09-03
    Buffalo Coal Corporation has announced the resignation of John Dreyer and Michael Price from the Board with effect from 01 September 2015.

    The Board would like to thank them for their valued contributions to the company over the past three years.
     
    Eddie Scholtz and John Wallingto..
  • Impala Platinum Holdings makes Board changes

    2015-09-03
    Impala Platinum Holdings has announced the resignation of Thandi Orleyn as an Independent Non-Executive Director of the Board of Directors with immediate effect .

    The Board of Impala Platinum Holdings has thanked Orleyn for her contribution during her tenure and wishes her well in future endeavours.

    &..
  • Bushveld Minerals successfully upgrades its projects to mineral resources

    2015-09-03
    Bushveld Minerals Limited has released its annual results for the year ended 28 February 2015.
     
    During the year, the vanadium project, located in Limpopo, South Africa, was successfully upgraded to a mineral resource of 285 million tonnes. Scoping Study results demonstrated a $264 million net present value and a 24% internal rate of ..
  • Danakali releases project updates for Colluli potash project

    2015-09-01
    Danakali Limited has released an update on its Definitive Feasibility Study undertaken at Colluli potash project in Eritrea. 

    The Company successfully completed pilot tests at Colluli, generating 300 kilograms of high purity sulphate of potash sample for distribution to potential future customers and project equipment suppl..
  • Lucapa Diamond Company recovers large special diamonds

    2015-09-01
    Lucapa Diamond Company Limited has recovered additional large special diamonds from its Mining Area 8 at the Lulo diamond project located in Angola. 

    A total of 9 special diamonds weighing greater than 10.8 carats each were produced in the first two weeks. The Company identified the E259 kimberlite target as a possible sour..
  • Swala Energy finalises agreement to strategically exit Zambia

    2015-09-01
    Swala Energy Limited has announced that, following a review of its assets and operations, it has decided to exit from Zambia and continue to focus on its core assets in East Africa.

    The decision to exit from Zambia forms part of the Companys strategy to reduce its costs.

    The Co..
  • Assore achieves record sales for iron and chrome ores

    2015-08-26
    Assore Limited has released its final results for the year ended 30 June 2015. 

    The Companys results were significantly affected by lower iron and manganese ore prices for the year under review. 

    Profit for the year decreased by 68% from R4.0 billion recorded ..
  • Stellar Diamonds receives positive PEA results for the Tongo project

    2015-08-26
    Stellar Diamonds Plc has released results of the preliminary economic assessment from the Tongo kimberlite diamond project located in Sierra Leone. 

    Results from the preliminary economic assessment indicated an 18 year life of mine from both surface and underground mining, yielding 955 930 carats. 
  • BHP Billiton releases FY15 results

    2015-08-25
    BHP Billiton Plc has released its results for the year ended 30 June 2015. 

    The Group reported a 28% decrease in underlying EBITDA, from $30.2 billion recorded for FY14 to $21.9 billion for FY15. The decrease in EBITDA is attributable to lower realised prices which reduced earnings by $16.4 billion and offset the substantia..
  • Mozambi Resources requests trading halt

    2015-08-25
    Mozambi Resources Limited has requested that its securities be placed in a trading halt session, effective immediately, pending an announcement regarding the completion and execution of the option over the Tanzanian graphite tenements.

    The Company requested that the trading halt continue until the release of the relevant announcemen..
  • South32 delivers strong results

    2015-08-24
    South32 Limited has released its financial results for the year ended 30 June 2015. 

    In May 2015, the Company successfully demerged from BHP Billiton Plc. 

    Profit after taxation decreased from $64 million reported in FY14 to $28 million in FY15. The Companys u..
  • Magnis Resources achieves 99.2% total graphitic carbon in flotation process

    2015-08-24
    Magnis Resources Limited announced that it had further refined its metallurgical process to maximise the value of the product produced at its Nachu graphite project in Tanzania.

    Scoping tests performed for the modified flotation process on the -300 micron concentrate product achieved up to 99.2% total graphitic carbon. The super jum..
  • Oklo Resources drilling programme confirms gold mineralisation

    2015-08-21
    Oklo Resources Limited has released its assay results from an initial aircore drilling programme conducted at Solona North-West prospect within the Yanfolila gold project located in Mali. 

    The Company reported that results from the first pass air core drilling at Solona North-West prospect confirmed significant gold mineral..
  • Gold Fields reports a decrease in gold production

    2015-08-20
    Gold Fields Limited has released its results for the second quarter ended 30 June 2015. 

    All-in sustaining costs were reported to be 10% lower quarter-on-quarter at $1 029 per ounce, compared to $1 143 per ounce recorded for Q1 FY15. 

    All-in costs decreased by ..
  • Vast Resources commissions ball mill at the Pickstone-Peerless gold mine

    2015-08-20
    Vast Resources Plc has announced the commissioning of the ball mill and the carbon in leach plant at the Pickstone-Peerless gold mine located in Zimbabwe. 

    Commissioning of the ball mill and the carbon in leach plant will facilitate the start of gold adsorption and marks an additional milestone in Vast Resources transaction..
  • AngloGold Ashantis gold production exceeds quarter guidance

    2015-08-19
    AngloGold Ashanti Limited released its results for the quarter and six month period ended 30 June 2015. 

    The Company achieved gold production of 1 007 ounces, an increase when compared to the guidance of 960 000 ounces to 1 000 000 ounces  of gold for the quarter. 

  • Exxaro Resources makes changes to the Board of Directors

    2015-08-19
    Exxaro Resources Limited has announced the resignation of Norman Bloe Mbazima as a Non-Executive Director and the appointment of Saleh Mayet as a Non-Executive Director of the Company. 

    Mayet is a qualified Chartered Accountant and currently serves as Head of Finance for Anglo American South Africa Limited and serves on the..
  • Glencore reports a 16% increase in ferrochrome production

    2015-08-19
    Glencore Plc has released its half-year production report for H1 FY15.

    The Companys own sourced coal production was recorded at 68.7 million tonnes, a 4% decrease compared to production recorded for H1 FY14. The decrease is attributable to the market-driven decision to cut back production. 

    ..
  • Endeavour Mining reports high grade mineralisation

    2015-08-18
    Endeavour Mining Corporation has released its drilling results from numerous areas at its Agbaou gold mine located in Cte dIvoire. 

    Results from the drilling programme confirmed extensions of mineralisation in the west pit area and has delineated the higher grade zones at the Beta and Gamma zones. 
    <..
  • Equatorial Resources sells its Mayoko-Moussondji iron project

    2015-08-18
    Equatorial Resources Limited has entered into a conditional agreement with Midus Global Limited, a subsidiary of Interalloys Trading Limited, for the sale of the Mayoko-Moussondji iron project located in the Republic of Congo. 

    Midus Global will pay a consideration amount of AUD5 million to Equatorial Resources upon satisfa..
  • Bauba Platinum announces changes to the Board

    2015-08-17
    Bauba Platinum Limited has announced the resignation of Kholeka Mzondeki as an Independent Non-Executive Director of the Company with immediate effect.

    Mzondeki stepped down due to personal reasons. She has over 20 years of experience in governance and financial management having previously served as a Financial Director and Chief F..
  • Viking Mining updates on the Akoase gold project sale

    2015-08-13
    Viking Mining Limited has announced that the purchaser of the Akoase gold project, located in Ghana, has not yet received approval from the Chinese government to export funds out of China to pay for the second instalment due in accordance with the sale contract. 

    The sale of the Akoase gold project was announced in June 201..
  • Caledonia Mining makes changes to its Board of Directors

    2015-08-12
    Caledonia Mining Corporation has announced that John Mark Learmonth joined the Board as Chief Financial Officer and David Norval Henderson has joined the Board as a Non-Executive Director with immediate effect. 

    Prior to joining Caledonia Mining in 2008, Learmonth his appointment served as a Division Director of Investment ..
  • Kibo Mining confirms Mbeya coal mine to be viable

    2015-08-12
    Kibo Mining Plc announced the findings from its Phase 2, Stage 1, Mining Pre-Feasibility Study of the Company commissioned Definitive Mining Feasibility Study concerning the mining operations at the Mbeya coal to power project located in Tanzania.

    Kibo Mining made use of the modified terrace mining method, which removes over burden ..
  • Randgold Resources shows solid performance

    2015-08-12
    Randgold Resources Limited has released its results for the second quarter ended 30 June 2015.

    The Company reported solid performances throughout its operations, improvements in grade, throughput and recovery, and produced a new gold production record in Q2 FY15.

    Total cash cost..
  • Beach Energy enters into a binding agreement

    2015-08-11
    Beach Energy Limited has entered into a binding agreement with Rockhopper Exploration Plc for the sale of its wholly owned subsidiary, Beach Petroleum (Egypt) Pty Ltd.

    The consideration for the sale will be up to AUD22 million, subject to adjustments. The consideration will comprise of AUD11.5 million cash and the balance will be ma..
  • Metals of Africa confirms high grade graphite mineralisation

    2015-08-11
    Metals of Africa Limited has identified significant high grade graphite mineralisation at its Balama central graphite project located in Mozambique.

    The high grade graphite and vanadium mineralisation coincides with the previously discovered Versatile Time Domain Electromagnetic (VTEM) conductor anomaly. Metals of Africa reported th..
  • Rift Valley Resources confirms additional mineralisation at Kitongo

    2015-08-11
    Rift Valley Resources Limited has intersected additional gold mineralisation at the Kitongo gold project located in Tanzania. 

    The Company designed the six hole programme to follow up on the strong Southern Limb mineralisation intersected in the previous drilling programme. Intersections results from the Companys recent Re..
  • Circum Minerals completes Definitive Feasibility Study on Danakil project

    2015-08-11
    Circum minerals Limited, a 2% owned subsidiary of Premier African Minerals Limited, released details of its recently completed Definitive Feasibility Study on its potash project in the Danakil Basin in Ethiopia.

    Circum Minerals Danakil project has measured, Indicated and Inferred Resources of 4.9 billion tonnes at 18.1% potassium c..
  • Sibanye Gold reports strong gold recovery for June quarter

    2015-08-07
    Sibanye Gold Limited released its operating and financial results for the six month period ended 30 June 2015. 

    Gold production of 22 204 kilograms reflected strong recovery for the June 2015 quarter. 

    All-in sustaining costs for the June quarter amounted to R4..
  • Delrand Resources updates on TSX delisting

    2015-08-07
    Delrand Resources Limited has released an update on its voluntary delisting from the Toronto Stock Exchange. 

    The voluntary delisting of the Companys common shares from the TSX will be effected 19 August 2015. 

    Delrand Resources intends to submit an applicatio..
  • Platfields cautions shareholders

    2015-08-06
    Platfields Limited has advised that negotiations with a third party regarding the acquisition of the Companys substantial mining assets are progressing well, the potential funding to regularise the compliance requirements of the Company. 

    The negotiations may, if successful, result in a reverse listing, a change in control..
  • Gem Diamonds releases operational update

    2015-08-05
    Gem Diamonds Limited has released an operational and sales update for the six month period ended 30 June 2015.

    The Company reported a solid operational performance from its Leteng diamond mine located in Lesotho. The average price per carat remained stable, dropping marginally from $2 338 per carat in H2 2014 to $2 264 per carat fo..
  • Jubilee Platinum to secure funding for its platinum surface projects

    2015-08-05
    Jubilee Platinum Plc confirmed it is currently in advanced talks with a financial institution to secure the project financing required to bring two surface platinum processing plants into production. 

    The Company reported that the size of the debt funding is R255 million before financing costs and although the funding has r..
  • Premier African Minerals commenced with plant modifications

    2015-08-05
    Premier African Minerals Limited has released an update from its 49% owned RHA Tungsten mine located in Zimbabwe.

    Plant modifications as announced to shareholders in July 2015 arrived on site on 1 August 2015 and installation is expected to be completed on 10 August 2015.

    First ..
  • DiamondCorp updates on lace diamond mine operations

    2015-08-05
    DiamondCorp Plc has released an update on underground developments at the Lace diamond mine located in the Free State, South Africa. 

    Development work in the Upper K4 block is on schedule for mining operations to commence in the coming months. The underground tunnel development is proceeding slower than initially planned in..
  • Ferrum Crescent positions itself as economic development partner to SA

    2015-08-04
    Ferrum Crescent Limited released its activities and cash flow report for the quarter ended 30 June 2015.

    The Moonlight iron project proposed future mining of the Moonlight deposit to produce a high grade concentrate for transport to a pellet manufacturing facility near Thabazimbi located in Limpopo, South Africa. The Company is curr..
  • Kunene Resources updates on First Quantum Minerals joint venture

    2015-08-04
    Kunene Resources Limited advised shareholders of its intention to convert the $1 million convertible note, provided by First Quantum Minerals Limited, which will results in the issue of 5 million fully paid ordinary shares in Kunene Resources.

    The Company entered a joint venture agreement with First Quantum Minerals to further explo..
  • Kinetiko Energy receives approval for bulk sampling

    2015-08-04
    Kinetiko Energy Limited and Badimo Gas Pty Ltd have received permission from the Minister of Mineral Resources to conduct a bulk sampling programme at its tenements at Amersfoort and Volksrust located in South Africa.

    The Minister has granted the parties permission to remove and dispose of up to 500 million standard cubic feet of ga..
  • Endeavour Minings operations continue to perform well

    2015-08-04
    Endeavour Mining Corporation has released its gold production results for Q2 FY15.

    The Company achieved gold production of 131 165 ounces and sales of 121 614 ounces at a gold price of AUD1 193 per ounce. Endeavour Mining recorded a cash cost per ounce of AUD694 and an operating EBITDA of AUD53 million. 
  • Tiger Resources receives positive results from Kipoi study

    2015-08-03
    Tiger Resources Limited has released its engineering and costing study results for the debottlenecking of the Kipoi SXEW plant located in the Democratic Republic of Congo. 

    Results demonstrated reserve-backed life of mine of 16 years at 32 500 tonnes per annum rate. The study confirmed the average life of mine cash operatin..
  • Base resources achieves a 9% increase in production

    2015-07-30
    Base Resources Limited has released its quarterly operational update for the Kwale mineral sands operations located in Kenya.

    With consistently high availabilities and increased throughput in both the wet concentrator plant and mineral separation plant, the Company remains focused on driving product recoveries and increasing through..
  • Tharisa finalises wage agreement with NUM

    2015-07-29
    Tharisa Plc has concluded a three year Collective Wage Agreement with the National Union of Mineworkers (NUM) in South Africa. 

    The agreement will take effect from 1 July 2015 until 30 June 2018 and applies to employees subjected to the bargaining unit at the Tharisa mine. 

  • Chrysalis Resources receives final multi-soil sample results

    2015-07-28
    Chrysalis Resources Limited released an update on its soil results and exercise of earn-in option for the Shikila and Kabwima copper projects located in Zambia. 

    The Company received final multi-element soil sampling results for 8 825 samples collected from the Kabwima and Shikila projects. Results confirmed and identified ..
  • Cardinal Resources completes additional drill hole at Namdini

    2015-07-28
    Cardinal Resources Limited has completed a drill hole located 600 metres north along strike within the Namdini extension located in Ghana. 

    The current drill hole is located a further 200 metres north along strike from the 99 metre gold zone. 

    The Company submi..
  • Lucapa Diamonds raises AUD4 million to fund the Lulo project

    2015-07-28
    Lucapa Diamond Company Limited has raised AUD4 million in a placement of shares as part of its strategy to increase cash flow at the Lulo diamond project in Angola. 

    Proceeds from the placement will be used to fund modifications to the diamond processing plant, which will allow mining operations to continue throughout the w..
  • Kibaran Resources Epanko project confirmed to be economically viable

    2015-07-28
    Kibaran Resources Limited has announced the results of the Bankable Feasibility Study for its Epanko graphite project in Tanzania. 

    The viability of conventional open cut mine and the conventional flotation processing plant with no identified impediments has been confirmed by the study.
    Results from th..
  • Coal Of Africa releases quarterly operations report

    2015-07-27
    Coal Of Africa Limited has released a report for the quarter ended 30 June 2015.

    During the quarter under review, the Company reached an agreement for the liability owing to Rio Tinto. The balance is to be paid in monthly instalments of at least $100 000 plus interest and the obligation settled by June 2017. Interest of $1.2 million..
  • Weatherly Internationals operational update

    2015-07-22
    Weatherly International Plc released its operation and production update for the quarter ended 30 June 2015. 

    The Company is currently ramping up production at the Tschudi copper mine in Namibia, with 2 257 tonnes of London Metal Exchange grade A copper cathode, produced in the first full quarter of operations. <..
  • Sula Iron and Gold defines exploration target at Ferensola project

    2015-07-22
    Sula Iron and Gold Plc announced that a JORC compliant exploration target has been defined for the primary gold target at the Company's flagship Ferensola Project in Sierra Leone. 

    The exploration target, has been defined by SRK Consulting Ltd and forms part of a large, complex fold structure, with a strike length in e..
  • Golden Rim Resources defines initial exploration target

    2015-07-21
    Golden Rim Resources Limited has defined an initial exploration target at its Korongou project located in Burkina Faso. 

    The Company discovered further zones of significant bedrock gold mineralisation in Phase 3 Reverse Circulation drilling within the Guitorga auger anomaly. Golden Rim Resources identified an initial explor..
  • Predictive Discovery discovers new gold mineralisation

    2015-07-21
    Predictive Discovery Limited has discovered new gold mineralisation near Bongou gold resource located in Burkina Faso. 

    Results from the recent Reverse Circulation drilling programme near Bongou from target 92 yielded 9 metres at 2.8 g/t gold from 4 metres, including 1 metre at 11.8 g/t gold, 3 metres at 3.9 g/t gold from 1..
  • Mozambi Resources granted two tenements

    2015-07-21
    Mozambi Resources Limited has been granted two key tenements by the Tanzanian Ministry of Energy and Minerals on the Nachingwea project.

    The Company has mobilised a field crew to site and expects to commence trenching and rock chip assays in the coming week. These targets were previously identified in the initial recognizance mappin..
  • Jubilee Platinum sells Middleburg operational assets

    2015-07-21
    Jubilee Platinum Plc has executed a sale and purchase agreement with Main Street 1347 (Pty) Ltd to acquire 100% of the issued shares of Jubilee Smelting and Refining (Pty) Limited, which owns the Middleburg Smelter Complex for a consideration of R72 million, subject to shareholder approval. 

    In addition, 70% of the issued s..
  • Peak Resources commences with drilling at Ngualla project

    2015-07-21
    Peak Resources Limited has commenced with its drilling operations at the Ngualla rare earth project in Tanzania, which is required as input into the Bankable Feasibility Study. 

    The drilling programme will entail several components, including infill drilling of two areas of high grade rare earth mineralisation, which are cu..
  • Sibanye Golds production improves by 26%

    2015-07-20
    Sibanye Gold Limited has released its production and cost guidance for the quarter ended 30 June 2015. 

    Gold production improved by 26% from 398 500 ounces reported for Q1 FY15 to a total of 12 396 kilograms for Q2 FY15, a 5% increase from the previous corresponding period. 

  • Keaton Energy Holdings releases Q1 FY16 production update

    2015-07-20
    Keaton Energy Holdings Limited released its quarterly production update for the quarter ended 30 June 2015.

    Production at the Companys Vanggatfontein Colliery in South Africa recorded a marginal increase on Q1 FY15 with 617 413 tonnes of washed 2- and 4- Seam thermal coal was delivered to Eskom during the period under review. The C..
  • Wescoal announces 7% increase in basic salaries

    2015-07-16
    Wescoal Holdings Limited has successfully negotiated an annual wage agreement with the National Union of Metalworkers of South Africa. 

    The Company announced a 7% increase in basic salaries effective 1 April 2015. The agreement concludes Wescoals annual wage negotiations for the current operating year with the exception of..
  • Royal Bafokeng Platinum releases a trading statement

    2015-07-15
    Royal Bafokeng Platinum Limited is finalising its financial results for the six months ended 30 June 2015.

    The Company expects a loss per share and headline loss per share of between 52 cents and 69 cents compared to an earnings per share and headline earnings per share of 116 cents for the previous corresponding period, representin..
  • Kunene Resources discovers first copper-cobalt mineralisation

    2015-07-14
    Kunene Resources Limiteds diamond drilling has confirmed first copper-cobalt mineralisation at Dolomite Ore Formation in Namibia. 

    Significant results from the drilling included 8 metres at 0.5% copper and 1 137 parts per million copper and 0.53% zinc from 60.4 metres, including 2.1 metres at 1.0% copper and 1 0..
  • Resource Generation releases quarterly results

    2015-07-14
    Resource Generation Limited has released its quarterly report for the three months ended 30 June 2015.

    Resource Generation is developing its Boikarabelo coal mine in the Waterberg region of South Africa. There are reserves of 744.8 million tonnes of coal on 35% of the tenements under the Companys control. The Company is aiming to p..
  • West African Resources releases Mankarga 1 drilling results

    2015-07-14
    West African Resources Limited has released results from its shallow oxide drilling programme conducted at the Mankarga 1 prospect, Tanlouka permit located in Burkina Faso.

    Results from the Reverse Circulation drilling programme at Mankarga 1 prospect intercepted oxide mineralisation beneath historic artisanal workings with two scis..
  • Gold Fields expects improvement in gold production for Q2

    2015-07-13
    Gold Fields Limited has released its production and cost guidance for Q2 2015. 

    After a planned weak quarter in March 2015, the Company is expecting an improvement in Q2 2015 production. Gold Fields expects attributable gold equivalent production to be approximately 535 000 ounces at All-in Sustaining Costs of $1 030 ounces..
  • Premier African Minerals raises capital

    2015-07-13
    Premier African Minerals Limited has raised 450 000 through the issue of new ordinary shares to finance commencement of early development at its Zulu lithium and tantalum project located in Zimbabwe.

    22 500 000 new ordinary shares were issued at a subscription price of 2 pence per Subscription Share and 1 350 000 warrants were issu..
  • Firestone Diamonds disposes of Botswana operations

    2015-07-13
    Firestone Diamonds Plc entered into a conditional agreement with Tango Mining Limited for the sale of its Botswana operations, including its interest in the BK11 mine for a total consideration of US$8.0 million in cash.

    Following the agreement, Tango Mining will acquire the Companys wholly owned subsidiary Firestone Diamonds Botswa..
  • Centamin reports a 33% increase in gold production

    2015-07-09
    Centamin Plc has released preliminary production results for its Sukari gold mine in Egypt, for the quarter ended 30 June 2015. 

    Preliminary total gold production was recorded at 107 781 ounces, a 33% improvement when compared to gold production achieved during Q2 2014. 

    ..
  • Erin Energy updates on Oyo field production

    2015-07-07
    Erin Energy Corporation has released an update on its Oyo field production and offshore operations in Gambia. 

    The current average production from the Oyo field is currently in excess of 14 200 barrels of oil equivalent per day and is 94% oil. Further production optimisation efforts for both the Oyo-7 and Oyo-8 wells are st..
  • MOD Resources reports exceptional copper recoveries

    2015-07-07
    MOD Resources Limited has completed the scoping level metallurgical test work at its Mahumo project located in Botswana.

    The Company reported that the results from the bornite copper sulphide ore exceed the outstanding results from the shallower chalcocite ore announced in May 2015. 

  • Rift Valley Resources commences with drilling campaign

    2015-07-07
    Rift Valley Resources Limited has commenced with Reverse Circulation drilling at its 100% owned Kitongo gold project located in Tanzania.

    The Reverse Circulation drilling campaigned is aimed at delineating extensions of mineralisation identified from the previous campaign. Highlights from the previous campaign included 21 metres at ..
  • Sierra Rutile releases Q2 operational update

    2015-07-06
    Sierra Rutile Limited has released its operational update for the second quarter of 2015. 

    The Company produced 29 933 tonnes of rutile with direct operating cash cost of $527 per tonne. Sierra Rutile is on target to meet its full year rutile production guidance of between 12 000 to 130 000 tonnes. 
    <..
  • Tawana announces changes to the Board

    2015-07-06
    Tawana Resources NL announced the appointment of Michael Bohm as an Independent Non-Executive Director of the Company with effect from 1 August 2015. 

    Bohm offers extensive mining, corporate, project and operational management experience in the minerals industry in Africa. He currently serves on the Boards of gold producers..
  • Oando announces changes to the Board

    2015-07-03
    Oando Plc appointed Dr Tanimu Yakubu Muhammad as Non-Executive Director to the Board with effect from 30 June 2015.

    Muhammad has a degree in Economics and an MBA in Finance, as well as a certificate in Marketing Research. He has held many key positions during his career including, among others, his position as Chief Economic Advisor..
  • Universal Coal receives approval for the New Clydesdale Colliery

    2015-07-03
    Universal Coal Plc has secured ministerial approval for the transfer of ownership of the New Clydesdale Mining Right from Exxaro Resources Limited.
     
    The transfer of ownership will enable re-commissioning of the New Clydesdale Colliery. 

    The first phase of the New Clydesd..
  • North River Resources appoints a new Executive Director

    2015-07-02
    North River Resources Plc has appointed James Beams as the new Executive Director to the Companys Board with immediate effect. 

    Beams joined the Company in January 2015 and will now be serving as the Chief Executive Officer of North River Resources going forth. 

  • Hummingbird Resources sells Asheba License

    2015-07-01
    Hummingbird Resources Plc has agreed to sell its wholly owned subsidiary Ensign Resources Limited to Taoudeni Resources Limited.

    Ensign Resources owns Antubia Resources Limited which wholly owns the Asheba License in Ghana.

    The sale of the license is in line with the Companys s..
  • Shaw River Manganese makes Board changes

    2015-06-30
    Shaw River Manganese Limited has appointed Dennis Wilkins to serve as a Non-Executive Director of the Companys Board following the resignation of Jeremy Sinclair.

    Wilkins, founder and principal of DWCorporate Pty Ltd, has been a Director and involved in the executive management of several publicly listed resource companies with ope..
  • Syrah Resources receives all key approvals for Balama graphite project

    2015-06-30
    The Ministry of Land, Environment and Rural Development in Mozambique has granted Syrah Resources Limited its Land Access License for the Balama graphite project.

    The Company was granted a mining concession in December 2013 for a period of +25 years and it successfully obtained its water and environmental licenses.
  • Savannah Resources raises GBP0.55 million in a Placing

    2015-06-30
    Savannah Resources Plc has raised approximately GBP0.55 million cash through the placement of 21 900 000 new ordinary shares at a placing price of 2.5 pence per ordinary share with new and existing investors. 

    The Company will submit an application for the placement shares to be admitted for trading on AIM, which will rank ..
  • Auroch Minerals request trading halt

    2015-06-29
    Auroch Minerals NL has requested a trading halt to be placed on the Companys securities pending announcement relating to a proposed transaction that relates to the Manica gold project located in Zimbabwe.

    The trading halt is to last until the earlier of the release of the announcement or prior to the commencement of trading on Wedn..
  • Rockwell Diamonds releases quarterly production update

    2015-06-29
    Rockwell Diamonds Incorporated has released its quarterly production and sales update for the three months ended 31 May 2015. 

    The Remhoogte/Holsloot project acquisition and its associated plant and equipment in Middle Orange River, in South Africa, has been completed and the Company assumed control on 28 May 2015. The Comp..
  • Ncondezi Energy releases FY14 financial results

    2015-06-29
    Ncondezi Energy Limited has released its final results for the year ended 31 December 2014. 

    In December 2014, the Company raised GBP3.18 million from African Finance Corporation. 

    Ncondezi Energy signed a non-binding Memorandum of Understanding with Shanghai E..
  • Aquarius Platinum South Africa receives R400 million in payments

    2015-06-26
    Aquarius Platinum South Africa (Pty) Limited, a subsidiary of Aquarius Platinum Limited, has entered into a sale agreement with Northam Platinum Limited. 

    Aquarius Platinum South Africa has, under the agreement, agreed to sell its entire interest in the Everest Mine and ancillary mining and processing infrastructure and imm..
  • Ben Moolman to serve as an Executive Director at Lonmin

    2015-06-25
    Lonmin Plc has announced the appointment of Ben Moolman, the Companys current Chief Operating Officer, as an Executive Director of the Companys Board with immediate effect. 

    Moolman, a qualified engineer with more than 30 years of experience in the platinum mining industry, served Glencore Xstrata before re-joining Lonmin..
  • Kibo Mining receives airborne geophysical analysis results

    2015-06-24
    Kibo Mining Plc has received positive results from an independent airborne geophysical data Interpretation carried out over its Haneti project in central Tanzania.

    The Company confirmed that the Haneti-Itiso Ultramafic Complex strike length continues over 80 kilometers and is prospective of nickel, copper and platinum group metals.&..
  • Sentula Mining releases FY15 results

    2015-06-24
    Sentula Mining Limited has released its Group annual results for the year ended 31 March 2015.

    The Companys revenue decreased by 14% from R1 591 million to R1369 million. A loss per share improvement to 50.5 cents from 91.8 cents in 2014 was recorded. Headline loss per share improved to 41.3 cents from 43.7 cents in 2014.
  • Firestone Diamonds continues to make progress on the Liqhobong project

    2015-06-24
    Firestone Diamonds Plc has released an update on the Liqhobong mine development project located in Lesotho. 

    The Companys civil work programme has been extended, with initial production now expected during Q4 2016 as it was previously anticipated during end of H1 2016. The civil work programme was extended also due to incr..
  • Swala Energy appoints new Non-Executive Director

    2015-06-23
    Swala Energy Limited has announced the appointment of Frank Moxon as an Independent Non-Executive Director to its Board with effect from 23 June 2015.

    Moxon is the Managing Director of Hoyt Moxon Ltd, a corporate finance consulting firm. He also acts as Chairman of the Imperial Minerals Plc and as a Director of the Chartered Institu..
  • Rustenburg Platinum Mines proposes organisational structure redesign

    2015-06-23
    Rustenburg Platinum Mines Limited, a subsidiary of Anglo American Platinum Limited, has begun with a consultation process on the proposed redesign of Anglo American Platinums organisational support structure. 

    The proposed redesign is aimed at reducing up to 420 managerial and supervisory positions. The proposed redesign w..
  • West African Resources appoints a new Chairman

    2015-06-23
    West African Resources Limited has announced the appointment of Mark Connelly as the new Independent Non-Executive Chairman. 

    Connelly previously served as the Managing Director and Chief Executive Officer of Papillon Resources Limited, a Mali based gold developing Company. He has also worked as Endeavour Mining Corporation..
  • Resource Generation releases an update on its funding

    2015-06-22
    Resource Generation Limited continues to engage in negotiations with numerous parties as well a club of potential financiers in order to secure project finance for the construction of the Boikarabelo mine in South Africa. 

    An agreed term sheet has been delayed due to several factors including the variable nature of the envi..
  • StratMin completes Preliminary Scoping Report

    2015-06-22
    StratMin Global Resources Plc has announced the completion of a preliminary scoping study for a new mine and expanded flake graphite production capacity at its operations in Madagascar.

    The Company completed a successful exploration programme on the Mahefadok area adjacent to the company's existing Loharano mine and production ..
  • Coal of Africa announces directorate change

    2015-06-22
    Coal of Africa Limited has announced the appointment of De Wet Schutte as the new Chief Financial Officer and Executive Director with effect from 22 June 2015.

    Schutte, a Chartered Accountant with a Master of Business Administration, has been involved in the mining and natural resources industry for the past 16 years, as Managing Di..
  • Caledonia Mining Revised Investment Plan remains on schedule

    2015-06-19
    Caledonia Mining Corporation released an update on the implementation of the Revised Investment Plan for the Blanket mine in Zimbabwe. 

    The Revised Investment Plan for the Blanket Mine entailed developing a Trimming Loop 750 metre below surface, which was completed on schedule in June 2015. The Trimming Loop will allow for ..
  • Kibo Minings placement proceeds delayed

    2015-06-18
    Kibo Mining Plc has released an update regarding delayed receipts of the proceeds of its February 2015 placing.

    Proceeds have been delayed due to the fact that Hume Capital Securities Plc, the Companys previous brokers, has appointed administrators. The Company reported that administrators of Hume Capital are in the final stages of..
  • Botswana Diamonds updates on Orapa fieldwork programme

    2015-06-18
    Botswana Diamonds Plc has released an exploration update for the recent fieldwork completed by Sunland Minerals in the Orapa region, Botswana. 

    Results from the Companys latest fieldwork programme indicated strong anomaly presence on licenses PL 210/2014. The Company is in the process of establishing a drilling programme f..
  • Hummingbird Resources raises approximately GBP3.5 million

    2015-06-17
    Hummingbird Resources has advised shareholders that it will be raising approximately GBP 3.5 million through the placement of 10 606 060 new ordinary shares at 33 pence per share.

    The proceeds from the placement will be put toward the further advancement of the Yanfolia gold project, in Mali, as well as other working capital require..
  • Tharisa achieves operational milestones

    2015-06-17
    Tharisa Plc released its reviewed condensed consolidated interim financial statements for the six months ended 31 March 2015. 

    The Companys Platinum Group Metals production increased by 49.5% to 57.4 koz, from 38.4 koz recorded during the six months ended 31 March 2014. Chrome concentrate production decreased by 1.1% to 5..
  • DiamondCorp announces open offer

    2015-06-17
    DiamondCorp Plc has launched an open offer of up to 20 894 263 new ordinary shares at 10 pence per share to eligible shareholders.

    The open offer is not being underwritten but assuming the shares are fully subscribed to, the Company expects net proceeds of GBP2.0 million.

    The pr..
  • Regal Resources makes changes to the Board of Directors

    2015-06-15
    Regal Resources Limited has announced the resignations of Chairman and Non-Executive Director, Rohan Gillespie, and Non-Executive Director, Angus Edgar, from the Companys Board with effect from 9 June 2015.

    Regal Resources Non-Executive Director, Mark Savich, will act as interim Non-Executive Chairman, pending the appointment of a..
  • Kibaran Resources releases Mineral Resource update

    2015-06-15
    Kibaran Resources Limited has upgraded the Mineral Resource for the Epanko graphite project in Tanzania and has now been re-classified as Measured and Indicated.

    The Company reported that 62% of the Mineral Resource estimate is now Measured and Indicated and totals 14.5 million tonnes at 9.8% total graphitic carbon for 1.4 million t..
  • Arcelormittal South Africa appoints new Directors

    2015-06-12
    Arcelormittal South Africa Limited has announced the appointment of Marc Vereecke and Ramesh Kothari as the new Non-Executive Directors of the Companys Board with effect from 11 June 2015.

    Vereecke, with a degree in Civil Engineer Electronics, is the Vice President in ArcelorMittal Holdings AG and the Chief Operating Officer for th..
  • Latitude Consolidated terminates joint venture agreement with G.N. Mining

    2015-06-11
    Latitude Consolidated Limited has terminated its farm-in and joint venture agreement for the Kalengwa South copper project with G.N. Mining Limited.

    The Company terminated the agreement to prepare for the change of its business activity and the acquisition of Yatango. The termination is a reflection of the current market environment..
  • Premier African Minerals produces first coarse grade concentrates

    2015-06-10
    Premier African Minerals Limited has released an update on the commissioning of its flagship RHA tungsten project in Zimbabwe.

    The first coarse grade concentrates have been produced at the RHA tungsten project, with fine concentrate production expected to commence shortly. The third and final tranche of Darwin Strategic Limited loan..
  • Eastern Platinum concludes sale of Crocodile River Mine

    2015-06-10
    Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited to restructure the transaction whereby Hebei Zhongbo Platinum Company is to acquire the Companys entire platinum group metal business and all investments and loan agreements that the Company has with its subsidiary companies.

    The Company a..
  • Kasbah Resources requests trading halt

    2015-06-09
    Kasbah Resources Limited requested a trading halt to be placed on the Companys securities ahead of an announcement relating to the Companys capital raising efforts.

    The trading halt is to last until the announcement is made, which is expected to occur before the commencement of normal trading on Friday 12 June 2015. 
  • Kibo Minings Joint Development Agreement with SEPCO III approved

    2015-06-09
    Kibo Mining Plcs Joint Development Agreement to develop the Mbeya coal to power project with SEPCO III has been approved by the SEPCO III Board of Directors. 

    All material conditions required for the Joint Development Agreement have been satisfied.

    The Company reported..
  • ArcelorMittal South Africas Director resigns

    2015-06-09
    ArcelorMittal South Africa Limited has announced the resignation of Gonzalo Urquijo as a Director of the Companys Board with effect from 8 June 2015. 

    Urquijo had been on the Companys Board as an Executive Director since May 2011 and he has held various positions within the ArcelorMittal Group. He previously served as Dep..
  • Walkabout Resources confirms excellent metallurgical results

    2015-06-09
    Walkabout Resources Limited has released metallurgical results from the test-work conducted on three graphite samples taken at its Lindi Jumbo graphite project in Tanzania.

    The Company reported that across the three metallurgical samples, up to 65.7% of the product in jumbo and large flake sizes were categorised by graphite mass, wi..
  • Sula Iron & Gold Plc applies for a new exploration license

    2015-06-08
    Sula Iron & Gold Plc, through its wholly owned subsidiary, Blue Horizon Limited has made an application to the Sierra Leone National Mineral Agency for a new exploration license located adjacent to the Companys Ferensola license in Sierra Leone.

    The new exploration license is known locally as Tanyareh and covers an area of ..
  • Exxaro Resources makes changes to the Board

    2015-06-04
    Exxaro Resources Limited has announced the appointments of Monhla Wilma Hlahla and Mxolisi Donald Mbuyisa Mgojo as the new Independent Non-Executive Director and Executive Director of the Companys Board respectively, effective from 4 June 2015.

    Hlahla currently serves as Chairman of Royal Bafokeng Holdings Pty Ltd and as a Non-Exec..
  • Canyon Resources drilling commences at Birsok project

    2015-06-04
    Canyon Resources Limited has commenced drilling on its Birsok project located in Cameroon.

    The Company has completed its mapping, clearing and drill site preparation at 9 targets on the Birsok permit, as well as 6 targets on the Mandoum permit.

    Canyon Resources pitting operatio..
  • Michelle Ash to serve the Board of Acacia Mining

    2015-06-04
    Acacia Mining Plc has announced the appointment of Michelle Ash as the new Chief Operating Officer of the Companys Board.

    Ash, with more than 20 years of experience within the mining and manufacturing industries across a range of senior roles, joined Acacia Mining in 2013 as Executive General Manager, Business Improvement and Plann..
  • Coal of Africa concludes private placement

    2015-06-03
    Coal of Africa Limited has successfully completed stage 3 of its private placement, concluding the placement which was announced in August 2014. 

    The Company raised a total of GBP38.225 million in three tranches. The stage 3 placement resulted in the issuing of 144 million ordinary shares at 5.5 pence per share, which raise..
  • Kunene Resources enters into a share sale agreement

    2015-06-02
    Kunene Resources Limited has entered into a Share Sale Agreement with Discovery Resources Limited to acquire Discovery Resources Namibian subsidiary, Solarwind Investments (Pty) Limited.

    Solarwind Investments is the holder of five exclusive prospecting licences in Namibia, including three which are next to Kunene Resources Kaoko p..
  • Pancontinental Oil & Gas withdraws from Block L10A

    2015-06-02
    Pancontinental Oil & Gas NL and its L10A joint venture partner, PTTEP of Thailand, have given BG Kenya L10A Limited notices of withdrawal from Block L10A in the Lamu Basin in Kenya.

    Pancontinental Oil & Gas 18.75% interest and PTTEPs 31.25% interest will be transferred to the operator BG Kenya L10A, who ..
  • Perseus Mining receives mining extension approval

    2015-06-02
    Perseus Mining Limited Supplementary Environmental Impact Statement for its Edikan Gold Mine in Ghana has been approved by the Ghanaian Environmental Protection Agency.

    The approval will allow Perseus Mining to extend its mining operations to include mining of the Fetish, Bokitsi, Chirawewa and Esuajah North gold deposits.
  • Bauba Platinum makes changes to the Board

    2015-06-01
    Bauba Platinum Limited has announced the resignation of Financial Director, Willem Moolman, and Independent Non-executive Directors, Jonathan Best and Kennith Dicks, from the Companys Board with effect from 30 May 2015.

    The Board has appointed Nico van der Hoven as the new Non-Executive Director, Martin Luyt as the new lead Indepen..
  • Anglo American makes strategic Board changes in South Africa

    2015-06-01
    Anglo American Plc has made changes to its leadership structure in South Africa following a detailed governance review.

    The Board of Directors reported that it expects the reorganisation to bring better effectiveness and alignment across the Groups diversified mining businesses in South Africa. 
  • Tawana Resources receives Environmental Permit

    2015-05-28
    Tawana Resources NL has been awarded an Environmental Protection Agency permit for its recently acquired and wholly-owned southern exploration license MEL1223/14 in Liberia.

    The permit, which is a legal requirement under Liberian regulations, will allow the Company to advance with field exploration activities.
    ..
  • Trevor Scott resigns as Chrometcos FD

    2015-05-27
    Chrometco Limited has announced the resignation of Trevor Scott as the Financial Director of the Company with effect from 26 June 2015. 

    Scott had been with Chrometco since 2005 and is resigning from the Company due to his increased responsibilities regarding his other business interests. 
    <..
  • SaCoil reports a strong cash balance of R229.4 million

    2015-05-27
    SaCoil Holdings Limited has released its preliminary audited results for the year ended 28 February 2015.

    The Company implemented a revised business turnaround strategy to ensure that the future business activities of the Group are focused on exploration and production, with an income-producing asset.
  • Erin Energy enters into an off-take and pre-payment agreement

    2015-05-27
    Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Limited.

    The off-take contract would allow Glencore Energy to undertake the lifting of Oto crude from the Floating Production Storage and Offloading Armada Perdana for a minimum term of two years..
  • Birimian Gold commences with drilling at Massigui project

    2015-05-26
    Birimian Gold Limited has commenced with Reverse Circulation drilling at its Massigui gold project in Mali. 

    The Company will commence with its Aircore drilling rig, which is currently mobilising to site, following the Reverse Circulation programme. 

    Birimian G..
  • Mozambi Resources signs Terms Sheet to acquire 18 tenements in Tanzania

    2015-05-26
    Mozambi Resources Limited has signed a binding Terms Sheet agreement with the option to acquire 18 highly prospective graphite tenement applications in Tanzania. 

    The Company reported that all 18 tenements are located where numerous ASX listed companies are currently exploring for graphite in South-Eastern Tanzania. In addi..
  • BHP Billiton implements South32 demerger

    2015-05-26
    BHP Billiton Plc has completed the implementation of the demerger of South32, formerly known as BHP Coal Holdings (Pty) Ltd, from BHP Billiton. 

    The Company reported that shares in South32 have been distributed to eligible BHP Billiton shareholders and the total number of shares on issue was 5 323 762 901 as at 25 May 2015...
  • Golden Rim completes the Balogo sale agreement

    2015-05-22
    Golden Rim Resources Limited has announced that all the conditions under the Balogo Sale Agreement have been satisfied.

    Initial proceeds of $5 million from NMG gold Burkina Sarl have received. 

    The Company was able to strengthen its cash position with receipt of initial..
  • Keaton Energy makes changes to the Board

    2015-05-20
    Keaten Energy Holdings Limited has announced that following his resignation from the Gunvor Group, Non-Executive Director, JHM Schurink has notified the Board of his intention to resign, with effect from 30 June 2015.

    The Board thanks Schurink for his contribution over the past year.

  • Bounty Oil and Gas JV operator issues a competent persons report

    2015-05-19
    Bounty Oil and Gas NL has announced that its joint venture operator, Aminex Plc, has issued a Competent Persons Report of its Tanzanian assets.

    The report contains a detailed technical evaluation of the Tanzanian assets held by Bounty Oil and Gas in the joint venture with Aminex and others as well as attributes Contingent Resources..
  • Coal of Africa granted Mining Right for its Makhado project

    2015-05-19
    Coal of Africa Limited has been granted a New Order Mining Right in terms of the Mineral and Petroleum Resources Development Act for its flagship Makhado hard coking and thermal coal project in Limpopo Province. 

    The mining right was granted by the Department of Mineral Resources, which also granted the Company Section 11 a..
  • Ferrum Crescent places 100 million shares

    2015-05-19
    Ferrum Crescent Limited has received subscriptions for 100 million shares at GBP 0.005 in order to raise GBP 500 000. 

    The private placement follows the $12 million Bankable Feasibility Study financing terms signed with Principle Monarchy Investments at project level. The Company reported that the funding strategy will enab..
  • Stratmin Global Resources achieves 94.3% carbon in graphite production

    2015-05-19
    Stratmin Global Resources Plc has achieved an overall average carbon grade of 94.3% in graphite production at Lohorano in Madagascar, which was carried out over an eight day period.

    The plant at Lohorano was taken through various performance improvements since commissioning and is currently producing at grades in excess of 94% carbo..
  • Amara Minings Pre-Feasibility Study confirms robust financial results

    2015-05-19
    Amara Mining Plc has announced the results of the National Instruments 43-101 compliant Pre-Feasibility Study conducted for its Yaoure Gold project located in Cte d'Ivoire.

    The Companys Pre-Feasibility Study confirms that Yaoure is an outstanding gold development project, which increases confidence in the deposit and lowers i..
  • Merafe Resources appoints a new Non-Executive Director

    2015-05-15
    Merafe Resources Limited has announced the appointment of Shaun Blankfield as a Non-Executive Director of the Companys Board with effect from 13 May 2015.

    Blankfield is a qualified Chartered Accountant. He worked as a manager in the Corporate Finance and Accounting Advisory Services team at Deloitte, Sydney, Australia and is curren..
  • Endeavour Mining achieves gold production of 123 744 ounces

    2015-05-13
    Endeavour Mining Corporation has released its Q1 FY15 financial and operational results for the three months ended 31 March 2015. 

    The Company achieved gold production of 123 744 ounces and sales of 124 850 ounces, at a realised gold price of $1 218 per ounce.

    As at 31 ..
  • Centamins gold production decreases

    2015-05-13
    Centamin Plc has released its unaudited results for the three months ended 31 March 2015.

    The Company reported gold production of 108 233 ounces, a decrease of 16% quarter to quarter and an increase of 46% when compared with gold production recorded in Q1 2014.

    Centamin recorded..
  • AngloGold Ashanti releases production update

    2015-05-13
    AngloGold Ashanti Limited has released its production update for the quarter ended 31 March 2015.

    The Company reported production of 969 000 ounces of gold, which exceeded guidance of between 900 000 to 940 000 ounces of gold. Total cash costs amounted to $744 per ounce, a decrease of 3% year-on-year, beating a guidance of between $..
  • Lomnin reports an increase in production of 72.0%

    2015-05-13
    Lomnin Plc has released its interim results for the six months ended 31 March 2015.

    The Company reported that it had been fatality free for 18 months and that its safety remains its top priority.

    Mining production for the period increased by 72.0% to 5.7 million tonnes from the ..
  • Erin Energy successfully completes Oyo-8 well drilling

    2015-05-13
    Erin Energy Corporation released its Q1 FY15 results and operational update for the period ended 31 March 2015. 

    The Company successfully completed its Oyo-8 well in the Pliocene formation by Sedco Express drilling rig and also commenced with production into the Armada Perdana floating production storage and offloading.<..
  • Weatherly International releases an operational update

    2015-05-12
    Weatherly International Plc has released an operational update for the third quarter ending 31 March 2015.

    The Company reported that the Tschudi mine and plant has became fully operational during the quarter, with the crushing and stacking section commissioned in January 2015 followed by the commencement of leaching which concluded ..
  • Kunene Resources re-commences drilling at Kaoko project

    2015-05-12
    Kunene Resources Limited has announced that it has re-commenced drilling at its Kaoko project in Namibia.

    The Reverse Circulation drill rig has been mobilised to the Okanihiva target. Phase 1 of the drilling will incorporate 7 Reverse Circulation holes for 1500 metres on top of the central and South West areas of the Okanihiva targe..
  • Cairn Energy submits evaluation plan

    2015-05-12
    Cairn Energy Plc has submitted a three year evaluation work plan to the Government of Senegal. 

    Included in the initial programme will be the three firm and three optional exploration and appraisal wells with drilling scheduled to start in Q4 2015 in Cairns new basin play offshore Senegal focused on the acreage around the ..
  • Aureus Mining Bea Mountain mining license to include Leopard Rock

    2015-05-12
    Aureus Mining Incorporated has announced its Bea Mountain mining license in Liberia has been enlarged to include the Leopard Rock gold target.

    The Company has reported that the Bea Mountain mining license has been increased from 457 kilometres2 to 478 kilometres2.
    &..
  • Kibaran Resources update on Merelani East deposit

    2015-05-12
    Kibaran Resources Limited has announced the maiden JORC compliant Mineral Resource Estimate for its Merelani East deposit located in Tanzania.

    The Mineral Resource Estimate totalled 17.2 million tonnes grading at 6.5% total graphitic carbon for 1 120 000 tonnes of contained graphite in the inferred category.
    &l..
  • Golden Rim Resources delivers excellent drilling results from Korongou project

    2015-05-12
    Golden Rim Resources Limited released its assay results from the Reverse Circulation drilling programme at the Korongou project in Burkina Faso. 

    During the drilling programme, the Company identified multiple zones of significant bedrock gold mineralisation discovered within the Guitorga auger anomaly at Korongou. ..
  • Sierra Rutile appoints a new Chief Operating Officer

    2015-05-12
    Sierra Rutile Limited has announced the appointment of Wayne Venter as the new Chief Operating Officer with effect from 1 August 2015. 

    Venter will be responsible for all the aspects of operations as well as overseeing current operations, strategic business planning and execution of projects. Venter has over 25 years of exp..
  • Triton Minerals completes a $12 million placement

    2015-05-11
    Triton Minerals Limited has successfully completed a $12 million placement which will be put toward the development of its graphite projects in Mozambique. 

    The Company reported that proceeds from the placement will enable the Company to rapidly progress its Definitive Feasibility Study at Nicanda Hill and commence with its..
  • Oando Energy Resources revenue increases to $132.4 million

    2015-05-06
    Oando Plc has announced the financial and operating results for its wholly owned subsidiary, Oando Energy Resources Incorporation, for the quarter ended 31 March 2015.

    The Company reported an increase in production from 0.4 million barrels of oil equivalent to 5.0 million barrels of oil equivalent, the increase was as a result of th..
  • DiamondCorp continues ramp up of the Lace mine

    2015-05-04
    DiamondCorp Plc has released an operational update for the underground development at its Lace diamond mine in South Africa.

    Development work being conducted at the Upper K4 block continues to be on schedule for the commencement of mining in H2 FY15, which is four months ahead of the original schedule.
  • Avocet Mining produces 86 037 ounces of gold for FY14

    2015-04-29
    Avocet Mining Plc has released its full year results for the period ended 31 December 2014.

    The Company produced 86 037 ounces of gold at a cash cost of $1 186 per ounce from its Inata project, in Burkina Faso.

    Avocet Mining maintained its safety and mining standards reporting t..
  • Kibo Mining hosts SEPCO III for a site visit to Tanzania

    2015-04-29
    Kibo Mining Plc has announced that following its Joint Development Agreement with SEPCO III, the Company hosted SEPCO III for a site visit to Tanzania. 

    The site visit allowed the SEPCO III team to become more familiar with the local operational and business environment in Tanzania as well as provided an opportunity to intr..
  • Anglo American Platinum reports a 50% increase in platinum production

    2015-04-29
    Anglo American Platinum Limited has released its production report for the first quarter ended 31 March 2015. 

    Group equivalent refined platinum production increased to 536 000 ounces, an increase of 50% when compared to the Group equivalent refined platinum production recorded during the previous corresponding period of 20..
  • Aquarius Platinum releases update on the Everest Mine sale update

    2015-04-28
    Aquarius Platinum South Africa (Pty) Limited, a subsidiary of Aquarius Platinum Limited, has entered into an agreement with Northam Platinum Limited to sell its entire interest in the Everest Mine and ancillary mining and processing infrastructure and immovable properties. 

    Aquarius Platinum (South Africa) will sell its int..
  • Peninsula Energy confirms high grade mineralisation at Rietkuil project

    2015-04-28
    Peninsula Energy Limited has released additional results from radiometric re-logging of existing drill holes at the Rietkuil project in South Africa. 

    Results indicate the continuation of high grade intercepts at the project area.  Intercepts results include 3.6 feet at 5 618 parts per million uranium (eU3O8..
  • Predictive Discovery releases power auger drilling results from Bongou

    2015-04-28
    Predictive Discovery Limited has discovered a new 3 kilometre long gold anomaly near its Bongou project in Burkina Faso. 

    The new discovery includes various separate parallel zones, the largest being 2 kilometres long and up to 200 metres wide. Results showed peak values of 4.1 g/t gold and 3.2 g/t gold. 
  • Anglo American reports an increase in production for Q1

    2015-04-24
    Anglo American Plc has released a production update for the three month period ended 31 March 2015.

    The Company reported solid production performance for the quarter with iron ore production from Kumba increasing by 7% to 12.2 million tonnes. This increase is attributed to the improved productivity of the equipment at the Sishen min..
  • Rockwell Diamonds reports a 13% increase in production

    2015-04-23
    Rockwell Diamonds Incorporated has announced its production and sales update for the three months ended 28 February 2015.

    The amount of volumes of gravel processed increased from the previous year by 45% at the Middle Orange River operations to 0.9 million cubic metres. Gravel processed at the Saxendrift operations increased by 95% ..
  • KEFI Minerals releases independent Ore Reserve Estimates for Tulu Kapi

    2015-04-22
    KEFI Minerals Plc has released an independently verified updated Ore Reserves Estimate for the Tulu Kapi project in Ethiopia. 

    Results from the updated Ore Reserves showed a Probable Ore Reserves of 15.4 million tonnes at 2.12 g/t gold for 1.05 million ounces of gold, this is an increase from the previous estimate of 12.9 m..
  • Camac Energy to renew the FPSOs class certification

    2015-04-22
    Camac Energy Incorporated has released an operational update.

    The Company has been informed by Bumi Armada Berhad, the owner of the Armada Perdana Floating Production, Storage and Offloading (FPSO) vessel, that the FPSOs class certification is to be renewed by 24 April 2015. 

    <..
  • Harmony Gold releases production update

    2015-04-22
    Harmony Gold Mining Company Limited has released its production update for Q3 FY15.

    Restructuring of the Companys operations, for long term profitability, is ongoing with the Kusasalethu restructuring complete. The cost saving from the restructuring of the Kusasalethu mine will only be fully realised in the June quarter. Production..
  • Perseus Mining releases an update on its Feasibility Study

    2015-04-21
    Perseus Mining Limited has released the results of its revised Feasibility Study for the development of its Sissingue gold mine located in Cote dIvoire.

    The Company reported revised Measured and Indicated Mineral Resource of 880 000 ounces of gold and proven probable ore reserve of 429 000 ounces of gold production. Perseus Mining ..
  • Regal Resources delivers Scoping Study results

    2015-04-21
    Regal Resources Limited has announced the completion of the Scoping Study for the Kalongwe project in the Democratic Republic of Congo.

    The aim of the study was to assess the technical and economic feasibility of developing a Heavy Media Separation Stage 1-starter project to produce high grade copper and cobalt concentrates.
  • Kibo Mining signs Joint Development Agreement

    2015-04-21
    Kibo Mining Plc has signed a Joint Development Agreement in respect of the Rukwa coal to power project in Tanzania.

    The Company has confirmed that its development partner SEPCO III, one of the worlds largest and technically experienced engineering, procurement and construction organisations, will be contributing up to $3 million to..
  • Royal Bafokeng Platinum reports an increase in operating costs

    2015-04-21
    Royal Bafokeng Platinum Limited has released its quarterly review and production report for the three month period ended 31 March 2015.

    The Company reported one fatal accident as well as a 75% and 29% improvement in serious and lost time injury frequency rate respectively. 

  • Hummingbird Resources reports robust economics for Yanfolia

    2015-04-21
    Hummingbird Resources Plc has released its operational update for Q1 FY15.

    The Company reported that the optimisation study released for Yanfolila has highlighted an increased size and extended life of mine as well as robust economics. At a gold price of $1 250 the Optimisation Study results showed a net present value of $72.4 milli..
  • West African Resources releases update on Mankarga 5 gold project

    2015-04-21
    West African Resources Limited has announced that the Bankable Feasibility Study on its Mankarga 5 gold project is currently underway in Burkina Faso.

    The Company has appointed Mintrex Consulting Firm as the lead consultant to manage the Mankarga 5 Bankable Feasibility Study that is expected to be completed by Q3 2015.
    &l..
  • Gemfields releases an operational update

    2015-04-15
    Gemfields Plc has released an operational update for the three month period ending 31 March 2015. 

    Production from the Companys 75% owned Kagem emerald mine, in Zambia, increased from 3.6 million carats as reported for the previous corresponding period, to 9.9 million carats for the period under review. The average grade f..
  • Edenville Energy Board focuses on refining Mining License application

    2015-04-15
    Edenville Energy Plc has released an update from its project, in Tanzania, following the release of the positive results of the Power Plant Feasibility Study.

    The Board of Directors of the Company are currently focussed on further developing and refining its Mining License package. Having the mining license granted by the Tanzanian ..
  • Aureus Mining remains on track to deliver first gold by May

    2015-04-15
    Aureus Mining Incorporated has released an operational update from its New Liberty project in Liberia.

    The Company has started commissioning the plant and remains on track to deliver the projects first gold by the end of May 2015.

    The hot and cold commissioning phases, with spe..
  • Golden Rim Resources receives approval for the transfer of Balogo sale

    2015-04-14
    Golden Rim Resources Limited has announced that it has received approval from the Ministry of Mines and Energy in Burkina Faso for the transfer of the Balogo and Dabinya 3 permits from Golden Rim to MNG Gold Burkina Sarl.

    The transfer will be complete as soon as the Ministry issues the new permit documents in the name of MNG Gold Bu..
  • Universal Coal reports increase in Resource and Reserve estimates

    2015-04-14
    Universal Coal Plc has released its upgraded Resource and Reserve estimates for the NCC Roodekop coal project in South Africa. 

    The upgrade followed the development of a resource model for the integrated New Clydesdale Colliery and Roodekop projects for the Bankable Feasibility Study. 
  • FAR releases update on Senegal discoveries

    2015-04-14
    FAR Limited has released an operational update for its drilling programme in Senegal. 

    The Company has reported that its first phase work programme which will evaluate the SNE-1 and FAN-1 discoveries will commence in Q4 2015 with 3 well firm programme.

    In the beginning ..
  • Keaton Energy reports a 4% increase in coal production

    2015-04-13
    Keaton Energy Holdings Limited has released a production update for the financial year ended 31 March 2015.

    The Company reports its Lost Time Injury Frequency rate per 200 000 hours worked at the Vaalkrantz colliery was 0.22, a slight decrease from 0.23 in FY14 and the LTIF rate at the Companys Vanggatfontein colliery had increased..
  • Northam Platinum announces resignation of Director

    2015-04-13
    Northam Platinum Limited has announced the resignation of J.A.K Cochrane as a Director with effect from 15 April 2015. 

    The Board thanks Cochrane for his valuable contribution to the Company during his tenure. 

    Northam Platinum is a JSE listed platinum explorat..
  • Bounty Oil & Gas releases further updates on the Kiliwani license

    2015-04-13
    Bounty Oil & Gas NL has released a further update on the Kiliwani north development license in Tanzania. 

    The Kiliwani North Development license North 1 well is expected to produce approximately 20 million cubic feet per day when on stream. 

    The Company..
  • Gold Fields concludes three year wage agreement with trade unions

    2015-04-13
    Gold Fields Limited has reached a three year wage and conditions of employment agreement with the registered trade unions at the South Deep mine in South Africa. 

    The wage agreement signed with the National Union of Mineworkers resulted in a 10% increase over a three year period with the first increase taking effect on 01 A..
  • Caledonia Mining reports a decrease in gold production

    2015-04-10
    Caledonia Mining Corporation has released its gold production and sales results for the three month period ended 31 March 2015.

    The Company reported that 9 960 ounces of gold were produced during Q1 FY15 representing a 4.4% decrease on Q4 FY14 production total and a 2.7% decrease on the Q1 FY14 production total.
  • Intrepid Mines announces drilling results

    2015-04-10
    Intrepid Mines Limited has released its phase 8 drilling results from its Mumbwa project in Zambia.

    The final drilling assay results included 13 diamond holes and 8 reverse circulation holes. 

    The Infill drilling results from Kitumba included 42 metres at 2.21% copper f..
  • Hummingbird Resources signs hydro-electric collaboration agreement

    2015-04-09
    Hummingbird Resources Plc has signed a collaboration agreement with IFC Infra Ventures and Aldwych International to embark on the planning and development of a 20-30 megawatt hydro-electric power plant in Liberia.

    If developed, the hydro-electro power plant will contribute significantly to the domestic power supply in southeast Libe..
  • Kibo Mining releases an operational update

    2015-04-09
    Kibo Mining Plc has released an operational update from its Imweru gold project in Tanzania.

    Phase 2, stage 1 of the Pre-Feasibility Study of the Definitive Feasibility Study has commenced and the site visits to the project site have been completed. 

    The site visits by ..
  • Amara Mining reports an increase in Indicated Mineral Resources

    2015-04-08
    Amara Mining Plc has released its audited results for the year ended 31 December 2014.

    Following the 2014 drilling programme, the Total Mineral Reserve at the companys Yaoure gold project in Cte d'Ivoire increased to 6.8 million ounces.

    Amara Mining reported a 466% increa..
  • Giyani Gold raises CAD200 000 in first tranche placement

    2015-04-08
    Giyani Gold Corporation has completed the first tranche of its non-brokered private placement of up to 4 000 000 common shares at a price of CAD0.05 per share for total proceeds of CAD200 000. 

    Giyani Gold managed to raise proceeds of $145 000 by issuing a total of 2 900 000 shares. 
  • Cradle Resources releases Pre-Feasibility Study results

    2015-04-08
    Cradle Resources Limited has released Pre-Feasibility Study results for its Panda Hill niobium project located in Tanzania. 

    Results indicated that the mine life has been extended to 30 years with initial capital expenditure of $195 million, cash costs of $22/ kilogram with an improved mined head grade. 
  • Wesizwe Platinum reaches NPV of R2.1 billion

    2015-04-02
    Wesizwe Platinum Limited released its abridged group financial statements for the year ended 31 December 2014.

    The mine optimisation plan for the Bakubung platinum mine, in South Africa, was finalised during the period under review. The mine optimisation had driven an improvement or R2.1 million in the net present value of the proje..
  • Randgold Resources ore reserves increase by 0.8%

    2015-04-02
    Randgold Resources Limited has announced that their total available ore reserve in 2014 has increased by 0.8% to 15.2 million ounces of gold.

    The Company has reported its resources decreased by 3% to 27.8 million ounces of gold.
     
    At the Kibali gold mine in the Democratic Republic..
  • DRDGOLD to distribute 45.5 million new shares to acquire Ergo Mining

    2015-04-02
    DRDGOLD Limited has advised shareholders that it has successfully fulfilled all suspensive conditions relating to the acquisition of Ergo Mining Operations (Pty) Limited.

    The Company entered into an agreement with Khumo Gold SPV (Pty) Limited whereby DRDGOLD will issue 35 000 000 new ordinary shares to Khumo Gold to acquire its 20% ..
  • Oklo Resources commences aircore drilling

    2015-04-01
    Oklo Resources Limited has announced that a 4 000 metre aircore drilling programme has commenced at its Dandoko gold project in Mali.

    The drilling programme was created to test a variety of gold-in-soil and geophysical targets at the Selingouma, Diabarou and Disse prospects.

    The..
  • Camac Energy Oyo-8 well is ready for oil production

    2015-04-01
    Camac Energy Incorporated has announced the completion of the Oyo-8 well in Nigeria and reports that it is ready to commence oil production. 

    The Oyo-8 well is hooked up to the Floating Production Storage and Offloading Armada Perdana, which is owned by Bumi Armada Berhad. The Floating Production Storage and Offloading Arma..
  • Hummingbird Resources releases an operational update

    2015-04-01
    Hummingbird Resources Plc has announced the commencement of grade control and infill drilling at its Yanfolila gold project located in Mali.

    The plan for grade control and infill drilling follows the exceptional drilling results from the project and is designed to further advance Yanfolila towards first gold production by H1 FY16 fo..
  • Golden Rim Resources geophysical results show anomalies at Korongou

    2015-04-01
    Golden Rim Resources Limited has advised shareholders that it has received the results from the electric and magnetic ground geophysical surveys conducted at the Companys Korongou project in Burkina Faso.

    The results demonstrated fourteen coinciding chargeability high and resistivity high induced polarization geophysical anomalies ..
  • IMX Resources releases initial metallurgical testwork results

    2015-03-31
    IMX Resources Limited has announced its initial metallurgical testwork on core from the Chilalo graphite project in Tanzania. 

    The Company reported that the metallurgical testwork yielded excellent results including: concentrate grades average 95.9% total carbon from basic flotation work testwork. 53% of the fresh material ..
  • Hummingbird Resources raises $8.9 million through share placement

    2015-03-26
    Hummingbird Resources Plc has announced the successful completion of a share placement raising $8.9 million. 

    The placing comprised of $3.9 million, through existing and new institutional investors at 30 pence per Placing Unit and a binding agreement, with BCM International, whereby BCM International will subscri..
  • Anglo American announces Board Changes

    2015-03-26
    Anglo American Plc has announced the appointment of a new Director. 

    Anik Michaud has been appointed as the Groups new Corporate Communications Director, with effect from 30 March 2015.

    In addition, the Group has advised shareholders that John Parker has been appointed..
  • Premier African Minerals releases construction progress at RHA Tungsten project

    2015-03-26
    Premier African Minerals Limited has released a construction update on the RHA Tungsten project located in Zimbabwe. 

    The Company reported that the plant fabrication is currently on schedule for shipment from Johannesburg to the RHA Tungsten project site in May 2015. Earthworks are ahead of the planned schedule and all majo..
  • Botswana Diamonds obtains a new license

    2015-03-26
    Botswana Diamonds Plc has announced that the Botswana government has granted a new mining license to Atlas Minerals, a local subsidiary company.

    The Company reported that the new license will be used as part of the ongoing 50/50 exploration joint venture with Alrosa Diamonds. The new license covers 316 square kilometres and the Comp..
  • Sunbird Energy enters into an agreement with Eskom

    2015-03-24
    Sunbird Energy Limited has announced that the Ibhubesi Gas Project joint venture, which the Company has a 76% stake in, has entered into a Gas Sales Agreement Term Sheet with Eskom Holdings Limited to supply gas to the Ankerlig Power Station. 

    The Term Sheet agreement entails supplying 30 billion cubic feet of gas per year ..
  • Tlou Energy enters into a Gas Sales Agreement

    2015-03-24
    Tlou Energy Limited has entered into a Gas Sales Co-operation Agreement with CNG Holdings (Pty) Ltd. 

    The Gas Sales Co-operation Agreement provides a framework for the sale of gas for power generation and to industrial customers through compressed natural gas. 

  • Aziana set to dispose of Manantenina project

    2015-03-24
    Aziana Limited has entered into a conditional sale agreement with Thankys Exports Pvt. Ltd to dispose of its Manantenina bauxite project in Madagascar.

    The parties have agreed on a total purchase consideration of $2 million and a royalty of $0.50 per tonne of bauxite mined from its titles. 

    &..
  • The Waterberg Coal Company requests trading suspension

    2015-03-24
    The Waterberg Coal Company Limited has requested a voluntary suspension of its securities from trading.

    The Companys shares have since been suspended from trading on the Australian Stock Exchange as well as the Johannesburg Stock Exchange.

    The Waterberg Coal Company will update..
  • Bauba Platinums first blast at Moeijelijk operations a success

    2015-03-23
    Bauba Platinum Limited announced its first blast on the LG6 chrome horizon at its Moeijelijk operation, in South Africa.

    The blast is expected to produce around 15 000 tonnes of chrome ore at a grade of 39% chrome. The first delivery of run of mine chrome ore is expected to be before the end of March 2015.
    <..
  • Namibian Resources issues new ordinary shares at 4.75p per share

    2015-03-18
    Namibian Resources Plc has capitalised 639 600 of interest free loans advanced by Directors as well as former Directors and their associates through the issue of 13 465 263 new ordinary shares of 1p each at 4.75p per share.

    Of the total of 13 465 263 ordinary shares, 4 383 158 ordinary shares were issued to Brian Moritz, a Director..
  • Kefi Minerals releases an update on the Tulu Kapi gold project

    2015-03-18
    Kefi Minerals Plc has released an update for its Tulu Kapi gold project located in Ethiopia. 

    The Ethiopian Ministry of Mines has approved the Tulu Kapi gold project. The Companys application has now been submitted to the Council of Ministers in order to approve the Mining Agreement and issue the Mining License along with ..
  • Ben Moolman to serve as COO of Lonmin

    2015-03-18
    Lonmin Plc has announced the appointment of Ben Moolman as the new Chief Operating Officer of the Company, effective immediately. 

    Moolman returned to Lonmin in August 2014 to serve in the Business Support Office, before his departure from the Company, he previously served in various operational management positions includi..
  • Azonto Petroleum relinquishes Accra Block offshore Ghana

    2015-03-17
    Azonto Petroleum Limited has decided not to continue with its deepwater exploration acreage in the Accra Block offshore Ghana.

    The decision to relinquish the license followed a strategic review of the Companys operations and prolonged discussions with the Ghanaian government and potential partners.

    &..
  • African Rainbow Minerals reports drop in interim profits

    2015-03-17
    African Rainbow Minerals has released its interim results for the six month period ended 31 December 2014. 

    African Rainbow Minerals representing a 56% decrease has reported a drop in Headline Earnings  to R1 026 million from R2 341. 

    Basic Earnings we..
  • Canyon Resources and Acacia Mining Enter Into Earn-In Agreement

    2015-03-17
    Canyon Resources Limited and  Acacia Mining Plc entered into an Earn in Agreement  over the Pinarello and Konkolikan Projects in Burkina Faso. 

    Acacia Mining can earn up to a 75% interest in the projects through cash payment and an agreed upon exploration expenditure over a two year period.&..
  • Cradle Resources appoints a sales and marketing expert

    2015-03-17
    Cradle Resources Limited has appointed Claude Dufresne as a consultant to the Panda Hill niobium project in Tanzania.

    Dufresne has been appointed to assist the Company in securing offtake agreements for the sale of ferro-niobium to be produced by the Panda Hill project. The offtake agreements are anticipated to be completed by Q4 20..
  • Gulf Industrials raises a total of AUD 1 670 817

    2015-03-17
    Gulf Industrials Limited has successfully raised AUD1 670 817, through the first stage of its Capital Raising, by issuing a total of 417 704 390 shares at AUD 0.004 to sophisticated and otherwise exempt investors. 

    The Company reported that the second stage will be completed following the receipt of shareholder approval, wh..
  • The Waterberg Coal Company releases business update

    2015-03-17
    The Waterberg Coal Company Limited has released an update regarding the Eskom project, the Convertible Secured Facility and the Export Project. 

    The Company reported that discussions with Eskom are ongoing to resolve the outstanding requirements in order to advance the Coal Supply Agreement. The outstanding requirements inc..
  • Buffalo Coal restructures Dundee operations

    2015-03-16
    Buffalo Coal Corporation has begun restructuring its operational and cost structures for its Dundee operations located in South Africa.

    The Company has completed the consultation process with organised labour and relevant stakeholders which has consequently allowed the Company to begin the retrenchment of mine employees. &l..
  • Botswana Diamonds release exploration update on Orapa

    2015-03-11
    Botswana Diamonds Plc has released its field exploration update with joint venture partner Alrosa in the Orapa area located in Botswana. 

    Botswana Diamonds and Alrosa have restarted exploration in Orapa, with the objective of finding new major kimberlites. The primary focus is to verify whether the identified Kimberlitic In..
  • Premier African Minerals completes Tungsten Off-take Agreement

    2015-03-11
    Premier African Minerals Limited has completed an Off-take Agreement with Noble Resources International Pte Ltd for the sale of Wolframite concentrates from RHA Tungsten mine located in Zimbabwe.

    The Company will, under the Agreement, supply  500 tonnes of concentrate over an anticipated initial six month period. Pursuant t..
  • Obtala Resources appoints a new Executive Director

    2015-03-11
    Obtala Resources Limited announced the appointment of Emma Priestley as an Executive Director of the Board, effective immediately. 

    Priestley specialises in Africa and emerging market sectors, developing and advising companies. 

    She previously served..
  • Jubilee Platinums revenue up 10.12% in Q4 2014

    2015-03-11
    Jubilee Platinum Plc has released an operations and financial update for its Middleburg Smelter operations and power plant, located in South Africa, for the fourth quarter of 2014.

    The Company reported a 10.12% increase in revenue from the Middleburg operations. Metal production increased by 251 tonnes, from 2 031 tonnes recorded in..
  • Lonmin completes repairs to the Number One furnace

    2015-03-11
    Lonmin Plc has released an operational update and reported that the repairs to the Number One furnace and the additional maintenance work that was brought forward have been completed on schedule.

    The Company added that the first matte was successfully tapped on 9 March 2015 and the Number One furnace is now operating in line with ex..
  • Magnis Resources raises AUD 6.5 million in funds

    2015-03-10
    Magnis Resources Limited has raised AUD 6.5 million through the placement of ordinary shares to sophisticated and institutional investors in order to advance the Nachu graphite project located in Tanzania. 

    Bell Potter Securities Limited was appointed as Lead Manager in the placement of 26 000 000 shares issued at AUD 0.25 ..
  • Strandline Resources confirms high quality resource in Tanzania

    2015-03-10
    Strandline Resources Limited reported it has received mineral assemblage and characterisation test results from four completed holes drilled at the  Madimba and Madimba east prospects in Tanzania. 

    The best results from the testwork included: 7 metres at 7.06% Total Heavy Mineral from surface ending in 12.36% Total..
  • Tunisian authorities extend ADX Energys exploration period

    2015-03-10
    ADX Energy Limited has been granted a six month extension on the exploration period for the Kerkouane permit by the Tunisian authorities. 

    The operated Kerkouane permit includes exploration prospects such as the multi target Dougga West oil and gas prospect as well as the Dougga gas condensate discovery. 
  • Aziana commences with drilling at Anosivola

    2015-03-10
    Aziana Limited has commenced with drilling operations at its 100% owned Anosivola copper/gold project in Madagascar. 

    The first diamond hole will target a strong correlation which was identified through aeromagnetic and Induced Polarity surveying along the Anosivola East to Bevomanga shear zone. 
  • Oando Energy Resources repays loan facilities

    2015-03-09
    Oando Energy Resources Incorporated has announced the optimisation of its crude oil hedge programme and a $238 million prepayment of certain loan facilities.

    The loan facilities were put toward the $1.5 billion ConocoPhillips Nigerian Oil and Gas business acquisition that took place in 2014.

  • Anglo American appoints new Non-Executive Director

    2015-03-09
    Anglo American Plc has appointed Dr Byron Grote, a Non-Executive Director of the Company, to the Board of Tesco Plc as an Independent Non-Executive Director with effect from 1 May 2015. 

    The Company further reported that Dr Grote will not be re-elected to the Unilever NV and Unilever Plc Boards and will be retiring as a Dir..
  • Sipa Resources releases drilling update

    2015-03-04
    Sipa Resources Limited has released an update on its Akelikongo Kitgum-Pader drilling programme currently being conducted in Uganda. 

    Diamond drilling at the Akelikongo project has intersected additional nickel and copper sulphide mineralisation which extends from surface to more than 80 metres below surface and is open in ..
  • Challenger Energys subsidiary lodges Environmental Management Programme

    2015-03-04
    Bundu Gas and Oil Exploration (Proprietary) Limited, a subsidiary of Challenger Energy, has lodged an updated Environmental Management Programme with the Petroleum Agency South Africa. 

    This follows after a process that included an additional round of public consultation in its application for a shale gas exploration right ..
  • Premier African Minerals appoints a new Non-Executive Director

    2015-03-04
    Premier African Minerals Limited has announced the appointment of Michael Foster as a Non-Executive Director of the Companys Board, effective immediately. 

    Foster, a graduate geologist, has over 30 years of experience in the mining industry, exploration, mine development, operations and finance in a variety of commodities...
  • African Potash appoints a new Non-Executive Director

    2015-03-04
    African Potash Limited has announced the appointment of Christopher Cleverly as a Non-Executive Director, with immediate effect.

    Cleverly brings his extensive experience as a barrister and African focused entrepreneur along with his corporate experience and regional expertise which will assist the Companys development objectives fo..
  • KEFI Minerals to complete third and final tranche of the placing

    2015-03-04
    KEFI Minerals Plc has announced that the third and final tranche of the Placing is on schedule to be completed by the pre-agreed long stop date of 16 March 2015 following the satisfaction of a number of conditions. 

    The Placing will constitute the completion of the conditional placing to raise 4.9 million, before expenses,..
  • Merafe Resources reported a 3% increase in revenue

    2015-03-04
    Merafe Resources Limited has released its summarised consolidated financial statements for the year ended 31 December 2014. 

    Production increased by 5% to 334 thousand metric tons. The Company reported a 3% increase in revenue to R3.6 billion in comparison to revenue reported for the previous year of R3.49 billion ended 31 ..
  • Aquarius Platinums subsidiary sells its interest in Everest mine

    2015-03-04
    Aquarius Platinum (South Africa) (Proprietary) Limited, a subsidiary of Aquarius Platinum Limited, has entered into an agreement to sell its entire interest in the Everest mine and related mining and all processing infrastructure and immovable properties to Northam Platinum Limited. 

    The agreement will be for a consideratio..
  • Kibo Mining enters into MOU with Metal Tigers

    2015-03-02
    Kibo Mining Plc has entered into a Memorandum of Understanding (MOU) with Metal Tiger Plc regarding a 50/50 Joint Venture on the Companys Pinewood uranium prospect in Tanzania.

    Kibo Mining commenced with its Joint Venture activities, with Metal Tiger having paid the first tranche funds for the ongoing license fees and maintenance c..
  • Pan African Resources interim releases results

    2015-02-27
    Pan African Resources Plc released its interim unaudited results for the six months ended 31 December 2014.

    Group Headline Earnings decreased by 62.8% to R102.6 million from the R275.9 million reported for the previous corresponding period. The Company expects an improvement in low grade mining cycle at Evander Gold Mining (Propriet..
  • KEFI Minerals appoints new Head of Operations

    2015-02-25
    KEFI Minerals Plc has announced the appointment of Wayne Nicoletto as Head of Operations and Managing Director of KEFI Minerals Ethopia Limited, effective immediately.

    Nicoletto has over 30 years of experience in the mining industry as a Metallurgist and General Manager, specialising in design, start up and operation of gold mines i..
  • Northam Platinum reports steady performance

    2015-02-25
    Northam Platinum Limited has released its interim results for the six months ended 31 December 2014.

    The Company reported progress at the Booysendal ramp-up, with steady state production on track for October 2015.  

    Despite interruptions that led to stoppages during the..
  • Lonmins COO resigns

    2015-02-25
    Lonmin Plc has announced the resignation of Johan Viljoen from his position as Chief Operating Officer with immediate effect. 

    Ben Moolman, currently Head of the Business Support Office, will serve as Acting Chief Operating Officer with immediate effect alongside his current role. Moolman rejoined Lonmin in August 2014, fro..
  • BHP Billiton releases half year results

    2015-02-25
    BHP Billiton Plc has released its results for the half year ended 31 December 2014. 

    The Group achieved an underlying EBIT of $9.2 billion and an underlying EBIT margin of 32% for the period under review, demonstrating the resilience of the Groups portfolio in current weaker markets.

  • Bounty Oil & Gas updates on Kiliwani North project

    2015-02-24
    Bounty Oil & Gas Nl has released an update regarding its Kiliwani North development license located in Tanzania.

    The Kiliwani North 1 well is expected to produce at approximately 20 million cubic feet per day when on-stream. Resources at Kiliwani North were independently verified and are estimated to be 45 billion cubic feet..
  • IMCC appointed to negotiate on behalf of Tawana Resources

    2015-02-24
    Tawana Resources NL announced that Ellen Johnson Sirleaf, President of the Republic of Liberia, has officially appointed an Inter-Ministerial Concessions Committee (IMCC) to negotiate the terms and conditions of the Mofe Creek Mineral Development Agreement.

    This is a major milestone for the Company and a step forward in the developm..
  • Predictive Discovery identifies new gold anomalies

    2015-02-24
    Predictive Discovery Limited has identified new gold anomalies at Prospect 71 which is 9km from the Bongou gold prospect in Burkina Faso.

    Power auger drilling results from Prospect 71 delivered peak values of 4.7g/t gold and 3.5 g/t gold and confirmed two consistently gold anomalous zones each approximately 400 metres long and open ..
  • Endeavour Mining releases an update on its Hound project

    2015-02-24
    Endeavour Mining Corporation has released an update for its Hound project located in Burkina Faso, following an increase in Mineral Reserves to 2.1 million ounces.

    Mineral reserves increased by 34%, attributable to the expansion of the Vindaloo deposit and the inclusion of two new deposits located within 14 kilometres of the propos..
  • AngloGold Ashanti reports increase in production output

    2015-02-23
    AngloGold Ashanti Limited has released its results for the year ended 31 December 2014.

    The Company reports an 8% increase in annual gold production from 4.1 million ounces to 4.44 million ounces and a 13% decrease in all-in sustaining costs from $1 174 per ounce to $1 026 per ounce.

  • DRDGOLD releases financial results

    2015-02-23
    DRDGOLD Limited has released its financial results for the quarter and six months ended 31 December 2014.

    Gold production had reportedly decreased by 3% from the total for Q1 2015 to 36 010 ounces in Q2 2015. All-in sustaining costs decreased by 7%  to $1 149/ounce when compared to Q1 2015. 
    &..
  • Premier African Minerals expects first production from the RHA tungsten project in June 2015

    2015-02-20
    Premier African Minerals CEO, George Roach, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba. 

    Premier African Minerals is an exploration and development Company that is located in Southern and Western Africa with nea..
  • Caledonia Mining Corporation aims to double production by 2021

    2015-02-19
    Caledonia Mining Corporations CEO, Steve Curtis, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Caledonia Mining operates the 49% owned Blanket Gold Mine in
  • Sentula Mining holds a strong position in the current difficult environment

    2015-02-19
    Sentula Mining Limited CEO, Robin Berry, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Sentula is a service provider to the mining industry, providing drilling, such as exploration drilling, mining and rehabilitation of sit..
  • Coal of Africa makes Board changes

    2015-02-17
    Coal Of Africa Limiteds Executive Director and Chief Executive Officer, Michael Meeser, has announced his resignation. 

    Meeser wishes to pursue other interests but will continue to serve on the Board until the end of April 2015.  

    David Brown, Chief Executive ..
  • Golden Rim releases assay results for the Korongou project

    2015-02-17
    Golden Rim Resources Limited has released its assay results from the ongoing auger drilling programme at the Korongou project located in Burkina Faso. 

    The Company reported that auger drilling carried out at Korongou has extended the significant Guitorga gold anomaly at the Banouassi prospect by an additional 700 metres to ..
  • Gold Fields strong operational performance generates $54 million cash flow

    2015-02-12
    Gold Fields Limited has released its reviewed condensed consolidated results for the quarter and year ended 31 December 2014. 

    The Company reported normalised earnings of $17 million for the December 2014 quarter, an increase when compared with the $23 million recorded for the September 2014 quarter and a decrease when comp..
  • Anglo Pacific Group releases results of Share Placement

    2015-02-11
    Anglo Pacific Group Plc has announced the results of the oversubscribed equity placing by the Company on 4 February 2015. 

    A total of 49 375 000 New Ordinary Shares of 2 pence each in Anglo Pacific Group have been conditionally placed at an Offer Price of 80 pence per share, to raise aggregate gross proceeds of 39.5 millio..
  • Stratex International releases operational update

    2015-02-11
    GoldStone Resources Limited, a subsidiary of Stratex International Plc, has released its operational update for the Homase/Akrokerri gold project located in Ghana. 

    The Company completed its comprehensive internal and peer review of existing geological data and identified potential for the discovery of additional oxide reso..
  • Anglo Pacific Group places shares

    2015-02-11
    Anglo Pacific Group Plc has placed a total of 49 375 000 new ordinary shares of 2 pence each at Anglo Pacific Group at an offer price of 80 pence per share to raise aggregate proceeds of 39.5 million.

    The Placing Shares, which represent approximately 42.4% of the Companys issued ordinary share capital prior to the Equity Placing, ..
  • Kibo Mining releases Preliminary Economic Assessment results

    2015-02-11
    Kibo Mining Plc released its results for the Preliminary Economic Assessment stage 1 of phase 1 concept study conducted at the Lake Victoria Goldfields Imweru gold project in Tanzania. 

    Kibo Mining announced that stage 1 of phase 2 of the Imweru Definitive Feasibility Study will commence immediately. A workable base case fo..
  • Pan African Resources makes changes to the Board of Directors

    2015-02-11
    Pan African Resources Plc announced the retirement of Ron Holding as Chief Executive Officer of the Group with effect from 01 March 2015.  

    Holding will be succeeded by Cobus Loots who is currently serving as the Finance Director of Pan African Resources.
  • Rift Valley Resources mining and investment contract approved

    2015-02-10
    Rift Valley Resources Limited has received approval from Francisco Manuel Monteiro De Queiroz, the Honorable Minister for Geology and Mines in Angola, for the new mining and investment contract covering the 3760 km2 Ozango project in Angola.

    The contract is for a five year term with up to two 1 year extensions for exploration. The C..
  • Golden Rim sells Bologo project to NMG

    2015-02-10
    Golden Rim Resources Limited announced its executed agreement for the sale of its Balogo project to MNG Gold Burkina Sarl which is part of the NMG Group of companies. 

    Terms of the agreement include a payment of $0.5 million in cash by NMG, which is refundable in the event the conditions precedent are not satisfied. Upon co..
  • Avocet Mining releases production update

    2015-02-09
    Avocet Mining Plc released its Q4 2014 and full year production update.

    Total gold production for the quarter was recorded at 19 503 ounces at a cash cost of $1 052 per ounce, a decrease when compared to the 21 736 ounces produced in Q3 2014 at a cash cost of $1 183 per ounce.

    T..
  • Tharisa achieves record PGM production

    2015-02-06
    Tharisa Plc has released an operations update for the month of January 2015 and reports a record 10 593 Selenium and gold contained platinum group-metal ounces.

    Since the commencement of Tharisas initial mining operations in 2008, a total of over 10 million tonnes of reef has been mined and processed, with a further 22 years of ope..
  • Paladin Energy reports a 79% increase in sales

    2015-02-04
    Paladin Energy Limited has released its activities report for the period ended 31 December 2014.

    The Company achieved sales of $69.9 million, an increase of 79% over the previous quarter. Paladin Energy was able to raise $205 million through the introduction of a strategic investor as well as an entitlement offer. Langer Heinrich pr..
  • IAMGOLD Corporation releases drilling results

    2015-02-04
     IAMGOLD Corporation has released its drilling results from its 100% owned Boto gold project located in Senegal. 

    The assay results from a further 16 infill diamond drill holes totalled 5 085 metres as part of a 15 824 metre programme which was completed in 2014. The best assay results from the Malikoundi prospect ..
  • Giyani Gold releases a corporate update

    2015-02-04
    Giyani Gold Corporation has released a  corporate update on its most recent developments and strategy for 2015. 

    The Companys management believes that a sizable gold deposit may exist near historic mining sites contained in exploration permits that comprise the Giyani Gold project in South Africa. Giyani Gold repo..
  • South African Coal Mining Holdings makes changes to the Board

    2015-02-04
    South African Coal Mining Holdings Limited has appointed Messrs Keith Harris and Kareem Ashraff to the Companys Board of Directors, with immediate effect.

    Harris, who has a strong local and international strategic managerial background, has been appointed to serve as Chief Executive Officer. 
  • ArcelorMittal South Africa expects an improvement in earnings

    2015-02-04
    ArcelorMittal South Africa Limited has released its trading statement for the year ended 31 December 2014. 

    The Company reported that the loss per share for the year is expected to be lower than the loss per share recorded for FY2013, attributable to the impairment charge last year of R1 950
    million re..
  • Ferrum Crescent releases Q4 results

    2015-02-03
    Ferrum Crescent Limited released its quarterly results for the three month period ended 31 December 2014. 

    During the quarter, the Company appointed a Bankable Feasibility Study manager for the moonlight iron ore project and reported that the study is progressing well. The drilling programmes key objectives is the preparat..
  • Celamin announces changes to management and the Board

    2015-02-03
    Celamin Holdings NL has made various appointments to strengthen its Board and the management team. 

    Tim Markwell was appointed as a Non-Executive Director with immediate effect. Markwell he has over 20 years of experience in the resources sector including senior technical roles with BHP Billiton and other companies.&nbs..
  • Regal Resources receives final drill results

    2015-02-03
    Regal Resources Limited has announced that all assay results have been received from the final 15 holes drilled as part of phase two infill drilling programme at the Kalongwe JV project located in the Democratic Republic of Congo. 

    Results from the drilling programme include: 92.1 metres at 5.24% copper and 0.55% cobalt fro..
  • Diamondcorp releases operational update for the Lace Diamond mine

    2015-01-30
    Diamondcorp Plc has released an update on the underground development and tailings re-treatment activities at the Lace Diamond mine located in South Africa. 

    The Upper K4 block developments are scheduled for commencement in H2 2015. This will be four months ahead of the original schedule but was delayed by a few weeks from ..
  • Kibo Mining receives positive geochemical report

    2015-01-28
    Kibo Mining Plc has received an independent geochemical interpretation report (the "Report") based on detailed analyses of its soil and rock geochemical over the nickel-copper-PGM Haneti project in central Tanzania.

    The Mihanza Hill prospect soil anomaly proves to be consistent with that expected for a significant Nickel-C..
  • Centamins Director retires

    2015-01-28
    Centamin Plc announced the retirement of Non-Executive Director, Professor Robert Bowker, from the Companys Board of Directors with effect from 26 January 2015. 

    Bowker had been involved with the Company since 21 July 2008.

    Josef El-Raghy, Chairman of Centamin, comment..
  • Apollo Consolidated commences with exploration at Korhogo and Boundiali

    2015-01-27

    Apollo Consolidated Limited has commenced with exploration at its 100% owned Korhogo and Boundiali gold exploration permits in Cote dIvoire. 

    Soil sampling is currently underway and will cover over 25 kilometres of strike. The Korhogo permit is along strike from the Tongon mine, the country..
  • Cardinal Resources identifies high gold intersection

    2015-01-27
    Cardinal Resources has located a high grade gold intersection approximately 25 metres north along strike from the 43 metre gold intersection at the Namdini Mining license in Ghana. 

    The high grade gold intersection indicated 51 metres at 3.58 g/t from 85 metres vertical. The Company plans on drilling further Reverse Circula..
  • Bassari Resources updates on Makabingui gold project

    2015-01-27
    Bassari Resources Limited has released an update on the developments at its high-grade Makabingui gold project located in Senegal. 

    The Company has completed and lodged its Environmental and Social Impact Assessment with the Senegalese government. The production permit application is in advanced stages and 90% of the detail..
  • DRDGold expects a 6% increase in gold production

    2015-01-26
    DRDGold Limited released a production update for the six months ended 31 December 2014 and expects an increase in gold production.

    Gold production is expected to increase by 6%. Operating profit is expected to increase by 5%, which is line with the increase in gold production. 

    &l..
  • BHP Billiton releases H1 operational results

    2015-01-23
    BHP Billiton Plc released its operational review for the half year ended 31 December 2014. 

    The group reported a 9% increase in production during the six month period, with records achieved for eight operations and five commodities. Production guidance for the half year remained stable and is on track to deliver group produ..
  • Edenville Energy releases coal results for Mkomolo and Muze

    2015-01-23
    Edenville Energy Plc has released its final sets of coal quality results from the seams at Mkomolo and Muze, which are part of the Rukwa Coal Project in Tanzania. 

    A sample from the Mkomolo project was taken across visually distinctive, near surface coal seam while an additional sample was taken across the same coal horizon..
  • Base Resources releases Q4 operational update

    2015-01-21
    Base Resources Limited has released its Q4 2014 production and ramp-up update for the Kwale Mineral Sands Operations located in Kenya. 

    The Companys cash flow remained positive throughout the quarter, with an 8% increase in production of final products to 131 873 data mining tool. During the quarter under review, the Compa..
  • Predictive Discovery re-commences with Bongou exploration

    2015-01-21
    Predictive Discovery Limited has re-commenced with the power auger drilling programme near the Bongou gold discovery in Burkina Faso.

    In 2014, the Company conducted a comprehensive review of the Bonsiega project area which highlighted east-west structures in the magnetic data. Predictive Discovery prioritised 12 of the 100 structura..
  • Kibaran Resources releases Epanko project update

    2015-01-21
    Kibaran Resources Limited has released an update on its Epanko graphite project located in Tanzania.

    The Company has developed a growth strategy for the Epanko project to cater for future increases in demand for premium quality large flake graphite. Kibaran Resources will conduct a 2 stage production upgrade which will initially sta..
  • Shanta Gold releases Q4 operational update

    2015-01-21
    Shanta Gold Limited has released its production and operational results for the quarter ended 31 December 2014. 

    During the quarter under review, the Company achieved gold production of 19 097 ounces compared to 22 721 ounces reported for Q3 2013. Gold production for 2014, increased by 31% from 64 000 ounces of gold to 84 0..
  • Firestone Energy receives AUD3.13 million in funds

    2015-01-21
    Firestone Energy Limited has announced it received AUD3.13million in cleared funds after costs of tranche 1 of the convertible notes financing as announced previously. 

    Tranche 1 is set to be issued to Four Oaks Credit Fund Limited and the number of convertible notes to be issued is 475 971 and 429 each worth AUD0.007 and c..
  • Jubilee Platinum concludes an agreement

    2015-01-21
    Jubilee Platinum Plc has concluded Heads of Agreement with the worlds 4th largest integrated ferrochrome producer, Hernic Ferrochrome (Pty) Ltd for the beneficiation of Chrome and Platinum Group Metals from its surface tailings. 

    The Heads of Agreement facilitates the processing of approximately 1.7 million tonnes of chrom..
  • Centamin appoints a new CEO

    2015-01-19
    Centamin Plc has announced the appointment of Andrew Pardey as Chief Executive Officer of the Company and Executive Director on the Board with effect from 01 February 2015. 

    Pardey holds a BSc in Geology and has over 25 years' experience in the mining and exploration industry. He has held the position of Chief Operatin..
  • Acacia Mining releases Q4 2014 production results

    2015-01-19
    Acacia Mining Plc released its fourth quarter production results for the three months ended 31 December 2014. 

    The Company reported Q4 2014 gold production of 181 084 ounces and gold sales of 194 243 ounces. Preliminary Q4 2014 All-In-Sustaining-Costs were reported to be $1 088 per ounce sold, a 6% decrease from Q4 2013 and..
  • Sable Metals & Mineral makes changes to the Board

    2015-01-19
    Sable Metals & Minerals Limited has advised that the role of David Levithan will change from Executive Director to Non-Executive Director of the Board, effective from 14 January 2015. 

    Levithan will continue to act as legal advisor to the company.

    Levithan holds..
  • Keaton Energy Holdings releases Q3 2014 production update

    2015-01-19
    Keaton Energy Holdings Limited has released a production update for the quarter ended 31 December 2014.

    The Companys Vanggatfontein Colliery delivered 540 127 tonnes of washed 2- and 4-seam thermal coal to Eskom in the quarter, an increase of 3.7% over the corresponding quarter of 2013. This production total was achieved despite al..
  • Beacon Hill Resources appoints Administrators

    2015-01-15
    Beacon Hill Resources Plc has advised shareholders that the Company and its subsidiary, BHR Mining Limited, will be put into administration.

    The decision to place the Beacon Hill Resources into administration came after discussions with the Company's appointed insolvency practitioner and its senior secured debt provider, Vitol ..
  • Kasbah Resources receives Achmmach approval

    2015-01-14
    Kasbah Resources Limited has received various key approvals and agreements for its Achmmach tin project located in Morocco. 

    The Company received final acceptance from the Moroccan Ministry of Environment for the Achmmach Environmental and Social Impact Assessment which incorporates the final Environmental and Social Monito..
  • MOD Resources drilling results progress Mahumo project

    2015-01-14
    MOD Resources Limited has released a drilling update for its Mahumo copper/silver deposit located in Botswana.

    The Company has resumed drilling at the high grade Mahumo deposit. MOD Resources completed resource drilling at the west zone conceptual pit shell to 50 metres depth. Resource drilling is nearing completion at west zone (pa..
  • Camac Energy terminates contract for the drillship Energy Searcher

    2015-01-14
    Camac Energy Incorporated has terminated its contract with Northern Offshore International Drilling Company Ltd for the drillship Energy Searcher.

    Termination of the contract results from Northern Offshore International Drilling Companys repudiatory breach of contract and other material breaches. Camac Energy is considering all leg..
  • Botswana Metals receives drilling results from Maibele North

    2015-01-14
    Botswana Metals Limited has received the final batches of assay results from its extensive drilling programme at the Maibele North prospect, in Botswana.

    Results from the drilling programme indicated that the new zone contains significant nickel, copper, gold and platinum group elements mineralisation at 400 metres depth, located wi..
  • Sierra Rutile reports strong Q4 2014 operational performance

    2015-01-14
    Sierra Rutile Limited has released its operational update for the fourth quarter of 2014 and reports a strong operational performance.

    The Company reported production of 31 025 tonnes of rutile and 10 574 tonnes of ilmenite, which is the third highest quarter of rutile production in the Companys history. Rutile production increased..
  • African Minerals announces changes to the Board

    2015-01-08
    African Minerals Limited has advised shareholders of the resignation of Ian Cockerill from his position as an Independent Non-Executive Director, effective immediately. 

    Executive Chairman of African Minerals, Frank Timis, commented, "I would like to thank Ian for his contribution to our board and his efforts on behalf..
  • Savannah Resources releases Resource Estimate

    2015-01-08
    Savannah Resources Plc has defined an initial 65 million tonne maiden Inferred Mineral Resource Estimate at its Jangamo Heavy Minerals Sand project located in Mozambique.

    Results from the initial resource drilling identified higher grade areas of total heavy mineral mineralisation at or near surface. The Company reports that a heavy..
  • DRDgold appoints new Executive Director

    2015-01-08
    DRDgold Limited has announced that the recently appointed Chief Financial Officer, Riaan Davel, has been appointed to serve as an Executive Director with effect from 6 January 2015. 

    DRDGold is a JSE listed gold exploration and development c..
  • Platfields unable to secure additional funding

    2015-01-07
    Platfields Limited has advised shareholders that securing additional funding for the Group has been unsuccessful as a result of tough trading conditions in the platinum industry. 

    As a result of difficult trading conditions potential acquisitions have been impacted and the Group was unable to conclude them. 
  • Goldplat provides operational update

    2015-01-07
    Goldplat Plc has released an operational update for its gold recovery businesses in South Africa and Ghana.

    The Company is aiming to increase its sales flexibility by increasing the production of gold bullion and simultaneously reducing product sold in concentrates. To this end, Goldplat entered into a toll-treatment contract with a..
  • Lonmin announces stoppage

    2015-01-06
    Lonmin Plc has advised shareholders that it safely stopped its number two furnace after electrode breaks in the furnace were detected. 

    The electrode breaks led to an unstable and high temperature operating environment. The stoppage is exceed to continue for no longer than 21 days, which allows enough time for Lonmin to ens..
  • Merafe Resources makes changes to the Board

    2014-12-30
    Merafe Resources Limited announced that following Ditabe Chochos decision to step down from his position of Chief Financial Officer of the Company, Kajal Bissessor has been appointed to assume the responsibilities of Chief Financial Officer, effective from 01 January 2015. 

    Bissessor is current a manager for finance and in..
  • Caledonias Director resigns

    2014-12-29
    Caledonia Mining Corporations Stefan Hayden has resigned as a Non-Executive Director of the Company, effective immediately.

    Hayden had been with the Company since 1996, serving as a Director. Between 1997 and 2005 he served as Chairman of the Board and from June 1997 he served as  Chief Executive Officer and President unti..
  • Buffalo Coal updates on Dundee operation

    2014-12-29
    Buffalo Coal Corporation announced that the Company is undertaking a review of the operational and cost structures at its Dundee operations located in South Africa.

    The Company reported that current market conditions and operational performance have necessitated further restructuring in order to improve operating efficiencies and re..
  • Atlatsa Resources Corporation changes JSE sponsor

    2014-12-29
    Atlatsa Resources Corporation announced the appointment of Standard Bank of South Africa Limited as sponsor to the Company, effective from 30 November 2014. 

    The appointment follows the termination of Macquarie First South Capital Proprietary Limited as sponsor to the Company.

    <..
  • West African Resources executes a loan facility

    2014-12-22
    West African Resources Limited has executed a final documentation with Metals & Energy Capital Division of Macquarie Bank Limited for a two year $5 million convertible loan facility.

    The loan facility will provide the Company with all the necessary funding to complete the Feasibility study for its Mankarga 5 Heap Leach gold ..
  • Argonaut Resources reports drill intercepts at Lumwana West

    2014-12-22
    Argonaut Resources Nl has released an update regarding its Lumwana West project located in Zambia.

    The Company and its partner, Antofagasta, identified a new prospect known as Kabikupa in the centre of the Lumwana West license. 

    Drill intercepts from the first drill hol..
  • Tharisa appoints a new Director

    2014-12-19
    Tharisa Plc has announced the appointment of Chi Ming Brian Cheng as a Non-Executive Director of the Company, with effect from 19 December 2014. 

    Cheng is a Canadian national with a Bachelor of Science degree. He is an Executive Director of NWS Holdings Limited and a Non-Executive Director of five other companies listed on ..
  • Sentula Mining releases its interim results

    2014-12-17
    Sentula Mining has released its financial results for the six month period ended 30 September 2014.

    The Company reports that its Classified Injury Frequency Rate had improved by 58% to 0.31. Loss per Share improved to 13.3 cents, representing a 69% increase.

    Revenue dropped by a..
  • Syrah Resources releases market update

    2014-12-17
    Syrah Resources Limited has released an update of its operations to the market.

    The Company expects the final results from its Definitive Feasibility Study in early 2015. Initial results indicate a technically and financially robust project.

    Syrah Resources is on schedule to lod..
  • Nyota Minerals provides a corporate update

    2014-12-17
    Nyota Minerals Limited has released an update regarding exploration licenses for its wholly owned Northern Block in Ethiopia.

    The Company has received its annual license renewals relating to its  Brantham and Towchester areas. The licensed area renewed is significantly smaller than the previous license, due to the Ministry ..
  • BHPBilliton makes changes to the Remuneration Committee

    2014-12-15
    BHPBilliton Plc has announced the appointment of Carolyn Hewson as Chairman of the Companys Remuneration Committee with effect from 1 January 2015.  

    Hewson originally joined the Board in 2010 and was appointed to serve on the Remuneration Committee in January 2014.

    He..
  • Coal of Africa makes changes to the Board

    2014-12-15
    Coal of Africa Limited has announced the appointment of two new Directors, Andrew Mifflin and Thabo Mosololi with effect from 12 December 2014. 
     
    Mifflin holds a BSc. (Hons) Mining Engineering degree and a Masters Degree in Business Administration. He has over 30 years experience specifically in the coal mining industry an..
  • Directors of Ferrum Crescent resign

    2014-12-15
    Ferrum Crescent Limiteds Ted Droste and Kofi Morna have resigned from their roles as Non-Executive Directors of the Company with effect from 31 December 2014. 
     
    Both Directors had been with the company since October 2010 and are resigning to pursue other interests as the Company moves into active development of the Moonligh..
  • Metals of Africa updates on Mozambican exploration

    2014-12-15
    Metals of Africa Limited released an update regarding its ongoing mineral exploration activities in Mozambique.
     
    The Company has successfully completed the due diligence for the Balama Central project and advised shareholders that it will be proceeding with the acquisition of the project.
     
    &..
  • Aquarius Platinum issues equity

    2014-12-15
    Aquarius Platinum Limited has issued 36 505 657 common shares at a price of $0.24961 per Share instead of cash to the original vendors of the Kruidfontein Right.
     
    The Company issued shares to settle its contractual obligation to the original vendors in connection with the Company's recent sale of its interest in the Kruidfontein..
  • Tawana Resources makes changes to the Board and Executive Management

    2014-12-12
    As part of the Companys continuing focus on the development of the Mofe Creek project in Liberia, Tawana Resources NL has implemented Board and Executive Management changes.

    Chief Executive Officer of the Company, Wayne Richards, will step down from his position but will remain on as the Executive Chairman. Len Kolff will take up t..
  • Mwana Africa makes changes to the Board

    2014-12-10
    Mwana Africa Plc has announced the appointments of Ngoni Kudenga and Herbert Mashanyare as Non-Executive Directors of the Companys Board, effective immediately.

    Kudenga is a qualified Chartered Accountant with over 30 years' experience in finance and commercial roles accumulated from positions in accounting firms and private a..
  • Impala Platinum expects a decrease in earnings

    2014-12-10
    Impala Platinum Holdings Limited has released a trading statement for the half year ended 31 December 2014.

    The Groups Headline Earnings per Share and Basic Earnings per Share are expected to be more than 20% lower than the Headline Earnings per Share of 142 and basic Earnings per Share of 145 reported for the half year ended 31 De..
  • Lucapa diamond completes bulk sampling at Lulo

    2014-12-09
    Lucapa Diamond Company Limited has completed the BLK_29 alluvial bulk sampling carried out at the Lulo diamond concession in Angola.

    The Company received more exceptional diamond grades of 35.02 carats per 100 cubic metres and an average stone size of 1.81 carats from the final BLK_ bulk sample at Lulo. Final results attained from B..
  • Sovereign Metals receive encouraging results from graphite work

    2014-12-09
    Sovereign Metals Limited has advised shreholders that it has intercepted widespread, high grade saprolite-hosted graphite at the Lifidzi area in Malawi.

    Saprolite-hosted graphite has the potential to form the basis of very low cost graphite operations.

    Electromagnetic Surveys ha..
  • Ferrum Crescent provides an update on its Moonlight iron ore project

    2014-12-09
    Ferrum Crescent Limited has released an update from its Moonlight iron ore operations located in South Africa.

    The Company has made significant progress on developing a JORC compliant resource of 307.7 million tonnes. The Company further reports having received a 30 year mining right, an environmental license and metallurgical test ..
  • Lonmin releases an operational update

    2014-12-09
    Lonmin Plc has advised shareholders that it has safely stopped the number one furnance after a leak in the molten furnace matte was detected.

    Following an assessment of the furnace, it has been established that the mechanical structure and the refractories below the tap hole as well as the copper tap block need to be replaced.
  • Goliath Gold Mining releases trading statement

    2014-12-09
    Goliath Gold Mining Limited has released its trading statement for the year ended 31 December 2014.

    The Company expects Basic Loss per Share to be between 42.95 and 48.93 cents, an increase of between 43.7% and 63.7% for the year ended 31 December 2014. Headline Loss per Share is expected to be between 42.78 cents and 49.09 cents, r..
  • Acacia Mining receives approval for underground project at North Mara

    2014-12-03
    Acacia Mining Plc (previously known as African Barrick Gold Plc) has completed a Definitive Feasibility Study into developing an underground operation at the North Mara project located in Tanzania. 

    The Definitive Feasibility Study undertaken by Mining One, an independent consultant, confirmed an attractive return for the C..
  • Stellar Diamonds updates Resource Estimate

    2014-12-03
    Stellar Diamonds has released an updated Resource Estimate for its wholly owned Tongo kimberlite dyke project in Sierra Leone

    The JORC compliant Inferred Resource increased by 35% to 1 447 999 for dyke-1.

    The average diamond grade increased by 37% to 165 carats per hundred tonne..
  • Harmony Gold Mining Company implements a new plan for Kusasalethu mine

    2014-12-03
    Harmony Gold Mining Company Limited reported that following a performance review of the Kusasalethu mine, a new plan is being implemented to return the mine to profitability.

     The Kusasalethu mine has been recording losses since September 2012. A negative cash flow of R392 million was recorded for the financial year ended J..
  • ArcelorMittal South Africas Newcastle works resumes production

    2014-12-03
    ArcelorMittal South Africa Limited has advised shareholders that the commissioning of the Newcastle Works Blast Furnace has been successfully completed and steel production has resumed. 

    As the Blast Furnace is back into production, the Company is currently prioritising production backlog orders immediately to ensure cleara..
  • Aquarius Platinum completes Kruidfontein prospecting right

    2014-12-02
    Aquarius Platinum Limited has advised shareholders that the sale of its indirect interest in the Kruidfontein prospecting right to Pilanesburg Platinum Mines (Pty) Ltd has been completed. 

    The Company reported that its subsidiary received an amount of $27 million following the completion of the sale. Aquarius Platinum will ..
  • OGI Group raises $6 million in equity

    2014-12-02
    OGI Group Limited has raised $6 million through the issuing of equity loans which will be converted into equity shares in January 2015 after the Extraordinary General Meeting. 

    The Company reported that the loans will convert to an effective price of $0.20 per share following a 1 for 67 consolidation of share capital. Due t..
  • Perseus Mining accepts a 25% reduction in the amount of power

    2014-12-02
    Perseus Mining Limiteds subsidiary, Perseus Mining (Ghana) Limited, that currently draws electricity from the Ghanaian national electricity grid, has accepted a temporary 25% reduction in the amount of power allocated to the Company. 

    The Energy Commissions Load Shedding Committee was charged by the Ghanaian government wi..
  • Tlou Energys Selemo 1P steadily increases gas flow

    2014-12-02
    Tlou Energy Limited reported that gas flow at Selemo 1P has been steadily increasing since the commencement of production.

    The flow test results to date suggest that commercial development is possible and achievable. The Company reported that gas testing is currently in progress at Mopani 2P with Lesedi 1P and 2P continuing to dewat..
  • Richland Resources enters into sale agreement with Sky Associates Group

    2014-12-01
    Richland Resources Limited has entered into a conditional sale agreement with Sky Associates Group Limited to sell its tanzanite mining and beneficiation business and tsavorite license in Tanzania. 

    The $5.1 million sale is subject to shareholder, Minister of Energy and Minerals of the Republic of Tanzania and South African..
  • Botswana Metals receives extension approval from Botswana Government

    2014-11-28
    The Department of Mines in Botswana has renewed 2 of Botswana Metals Limiteds 100% owned prospecting licenses.

    The extension is for a period of two years to September 2016 and applies to the Companys PL59/2008 and PL70/2008 licenses..

    The PL59/2008 prospect has demonstrated po..
  • Allana Potash releases a progress update from its Danakhil project

    2014-11-27
    Allana Potash Corporation has released an update on the optimisation studies and the progress of the Danakhil potash project in Ethiopia. 

    The optimisation studies include additional solution mining at Well SW3 as well as an aquifer stress test on one of the alluvial fan complexes. The optimisation studies will assess the b..
  • Paragon Diamonds releases update on Lemphane kimberlite project

    2014-11-26
    Paragon Diamonds Limited has finalised the design and order plans for a art processing plant for its 80% owned Meso Diamonds Lemphane kimberlite mine located in Lesotho. 

    The plants modular design and latest X-Ray Transmission diamond recovery technology will improve the diamond recovery rate and assist in reducing both c..
  • Gold Fields Limited releases Q3 results

    2014-11-26
    Gold Fields Limited has released its unaudited results for the quarter ended 30 September 2014. 

    The Company reported a total cash flow of $63million from operating activities after taking account of net capital expenditure, environmental payments, debts service costs and non-recurring items.
  • Bushveld Minerals commences with Pre-Feasibility Study programme

    2014-11-26
    Bushveld Minerals Limited has commenced with the Pre-Feasibility Study programme for its vanadium project in South Africa. 

    The Company completed the Scoping Study for the project in July 2014 and has since appointed both internal and external consulting teams with the intention of fast tracking the Pre-Feasibility Study. T..
  • Petra Diamonds refinances BEE partner loans

    2014-11-26
    Petra Diamonds Limited has entered into agreements with Absa Corporate and Investment Banking and FirstRand Bank Limited regarding the refinancing of BEE partner loans.

    Absa Corporate and Investment Banking and FirstRand Bank will directly finance the BEE Partners in respect of the loans due to the Company totalling R1 078 million a..
  • BHP Billiton makes Board changes

    2014-11-25
    BHP Billiton Plc has announced changes to the Group Management Committee. 

    Athalie Williams who is currently serving as the Companys Vice President: Human Resources and Marketing will assume the role of President: Human Resources and Marketing as of 1 January 2015.

    Wil..
  • Liontown Resources terminates acquisition agreement

    2014-11-25
    Liontown Resources Limited has advised that it will be terminating all agreements with respect to the acquisition of the Ibaga copper zinc project located in Tanzania. 

    The decision to terminate all agreements followed the disappointing assay results Liontown Resources received following a reverse drilling programme.
  • Walkabout Resources completes initial mapping and sampling in Tanzania

    2014-11-25
    Walkabout Resources Limited has completed the initial phase of exploration mapping and sampling at the Lindi graphite project located in Tanzania. 

    Results of initial mapping and sampling has confirmed a 3 kilometre NE-SW graphite trend, which correlates with Nachu project graphite Zones B, J and F. 
    <..
  • Rockwell Diamonds secures $4.1 million convertible debentures

    2014-11-24
    Rockwell Diamonds Incorporated has completed an offering of two year unsecured convertible debentures with a principal amount of CAD4.1 million.

    The debentures offering has two insiders namely, Daboll Consultants Ltd as to CAD.0 million and Mark Bristow as to CAD1.1 million. 

    <..
  • Resolute Mining discovers high grade gold intercepts

    2014-11-21
    Resolute Mining Limited has announced the discovery of significant high grade gold intercepts at its Bibiani gold project in Ghana.

    The high grade gold was discovered in the initial holes drilled during the recent diamond drilling programme.

    Significant intercepts include 30.9 m..
  • FAR successfully completes drilling programme

    2014-11-21
    FAR Limited has successfully completed a drilling programme conducted on the SNE-1 well in Senegal.

    The Company reported that both wells declared oil discoveries, with two significant oil discoveries from the drilling programme. Plans to appraise the discovery are now underway.

    ..
  • Firestone Energys Director resigns

    2014-11-20
    Firestone Energy Limited announced the resignation of Director, George Oupa Magashula, effective immediately.

    Magashule had been with the Company since November 2013.

    Firestone Energy is a JSE and ASX listed
  • Sentula Mining makes changes to the Board

    2014-11-20
    Sentula Mining Limited announced the appointment of Mduduzi Edward Gama as an Independent Non-Executive Director to the Board and as a member of the Audit and Risk Committee, effective from 1 February 2015.

    Gama holds a BCom Accounting degree, an MBA and a PhD (Finance) degree. He was previously a Chief Executive Officer of Meeg Ass..
  • Sierra Rutile makes Board changes

    2014-11-19
    Sierra Rutile Limited has appointed Stephen Gill as a Non-Executive Director of the Board with immediate effect.

    Gill has substantial experience working with mining companies on strategic development, mergers and acquisitions, and operational improvements. He is currently a Vice President at Pala Investment, a Director of Asian Mine..
  • Pan African Resources disposes of interest in Manica gold

    2014-11-18
    Pan African Resources Plc has advised shareholders that it has completed the disposal of its interest in the Manica gold exploration project and Auroch Minerals NL.

    The disposal was carried out through a deed of mutual settlement with Auroch Minerals NL, whereby Auroch Minerals paid AUD850 000 to Pan African Resources in full and as..
  • Bassari Resources obtains additional funding for Makabingui

    2014-11-18
    Bassari Resources announced the additional $1 million funding for its flagship Makabingui gold project located in Senegal. 

    The funding was raised through the issuing of convertible notes with a value of 1.6 cents bearing an interest rate of 8% annually and is payable on a quarterly basis. The convertible notes will be issu..
  • Malagasy Minerals commences with maiden diamond drilling programme

    2014-11-18
    Malagasy Minerals Limited has commenced with a maiden diamond drilling programme at its 100% owned Malagasy Resources Maniry graphite project in Madagascar. 

    The programme will provide an initial test of 4 priority targets. The companys final programme of detailed mapping and systematic rock chip sampling has identified mu..
  • Caledonia Mining releases operational and financial results

    2014-11-18
    Caledonia Mining Corporation has released its operating and financial results for the third quarter and nine month period ended 30 September 2014.

    Gold production at the Blanket mine in Zimbabwe, did not perform as well as the Company had anticipated in the tonnage and head grade produced during the three and nine months ended 30 Se..
  • MOD Resources releases drilling programme results

    2014-11-18
    MOD Resources Limited released its drilling update for the Mahumo project in Botswana. 

    The best results from the drilling programme included 3.0 metres at 2.61% copper and 72.7g/t silver from 41.0 metres down hole depth, 3.2 metres at 1.58% copper and 41.5 g/t silver from 28.8 metres down hole depth. Third hole yielded 3.0..
  • Coal of Africa successfully completes placement

    2014-11-14
    Coal of Africa Limited has successfully completed stage 1 of the share placement and received all equity raised.

    For the stage 1 placement, the Company issued 251 million additional shares split to the value of $21.8 million.

    Chief Executive Officer of Coal of Africa,..
  • Bounty Oil & Gas updates on Kiliwani project

    2014-11-14
    Bounty Oil & Gas Nl released an update regarding the progress made on the commercialisation of the Kiliwani North Development License located in Tanzania.

    The License will, once producing, provide first revenues to the Company from its Tanzanian assets. Resources at the License are estimated to be 45 billion cubic feet of ga..
  • Avocet Mining releases Q3 results

    2014-11-12
    Avocet Mining Plc has released its Q3 production and cash cost results. 

    The company achieved a gold production total of 21 736 ounces at a cash cost of $1 183 per ounce, an increase from the 2013 Q3 production total of 21 650 ounces at a cash cost of $1 317 per ounce. 

    &..
  • Wesizwe Platinum appoints a new Non-Executive Director

    2014-11-12
    Wesizwe Platinum Limited has appointed Kenny Mokoka as a Non-Executive Director of the Board with effect from 7 November 2014. 

    Mokoka is a qualified Chartered Accountant, with extensive experience in professional and business leadership positions including serving as a member of the Board of the Anglo American Platinum Int..
  • OGI Group release field work results

    2014-11-11
    OGI Group Limited has released the results from the initial field work carried out at the Balama project in Mozambique.

    The Group reports that graphite mineralisation on all the Balama concessions has been confirmed.

    Outcrops discovered on two of the concessions returned graphit..
  • Resolute Mining raises $25 million note offer

    2014-11-11
    Resolute Mining Limited announced the proposal to raise $25 million via a convertible note offer. 

    The note offer will comprise of 15 000 000 convertible unsecured notes with a face value of $1.00 per note to raise approximately $15 000 000 before costs. The Company intends to use the proceeds from the note offer to underta..
  • Eastern Platinum disposes of platinum assets

    2014-11-11
    Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited for the disposal of its platinum group metal operations in South Africa.

    Hebei Zhongbo Platinum will also acquire all loan agreements that Eastern Platinum has with its subsidiary companies.
     
  • Royal Bafokeng Platinum appoints a new Director

    2014-11-07
    Royal Bafokeng Platinum Limited has appointed Thoko Mokgosi-Mwantembe as an Independent Non-Executive Director of the Companys Board of Directors, effective immediately.

    Mokgosi-Mwantembe holds a BSc and MSc in Medicinal Chemistry and is currently the Chief Executive Officer of the Kutana Investments Group. She has previously held ..
  • Baobab Resources secures a bridging finance facility

    2014-11-07
    Baobab Resources Plc has finalised the agreement for the $1.0 million unsecured and interest free bridging finance facility with African Minerals Exploration and Development Fund Sicar SCA.

    The Company will put the funds from the loan toward working capital and general corporate purposes.

    ..
  • Beacon Hill Resources updates new project funding

    2014-11-05
    Beacon Hill Resources Plc  released an update regarding the new debt facility for the Minas Moatize coking coal mine expansion project in Mozambique.

    The Companys legal counsel submitted its final revised legal due diligence report to a South African Development Finance Institution and expects final approvals by year-end.&..
  • The Waterberg Coal Company releases a business update

    2014-11-04
    The Waterberg Coal Company Limited has released an update regarding the Eskom project, the Convertible Secured Facility and the Export Project.

    The Company is still in discussions with Eskom to resolve the outstanding requirements in order to advance the Coal Supply Agreement discussions. It is anticipated that the outstanding requi..
  • Birimian Gold commences with Reverse Circulation drilling

    2014-11-04
    Birimian Gold Limited commenced with a 1 600 metre Reverse Circulation drilling programme at the Massigui gold project located in Mali.

    The drilling programme will test depth extensions of recent ore-grade drill intersections at Viper prospect.

    The company has completed the firs..
  • Discovery Africa secures prospecting license for Nachingwea

    2014-11-04
    Discovery Africa Limited has been granted an additional prospecting license PL10253/2014 for its Nachingwea graphite project in Tanzania, which will cover approximately 103km. 

    The Nachingwea project comprises of five granted tenements which cover approximately 520km, with a dominant position located adjacent to graphite ..
  • Harmony Gold Mining Company tackles illegal mining

    2014-11-04
    Harmony Gold Mining Company Limited has advised that management has decided to take serious action against illegal mining as its Kusasalethu mine in South Africa. 

    Management took the initiative to stop output at its Kusasalethu mine for two weeks after an outbreak fire at the mine, which is believed to have been caused by ..
  • DiamondCorp releases Lace mine update

    2014-11-04
    DiamondCorp Plc has released an update on the underground development and tailings re-treatment activities currently ongoing at the Lace mine in South Africa.

    Employees at the mine who are members of the Association of Mineworkers and Construction Union (AMCU) went on strike on 23 October 2014. Development of the Upper K4 mining blo..
  • Wescoal Holdings secures funding

    2014-11-04
    Wescoal Holdings Limited has concluded a financing facility with Investec Bank Limited, though its Corporate and Institutional Banking division, Investec.

    Subject to the fulfilment of conditions precedent customary for a financing of this nature, Investec will provide Wescoal Holdings with a R180 million 5 year term loan and a R20 m..
  • DRDGold makes changes to the Board

    2014-11-04
    DRDGold Limited announced the retirement of Independent Non-Executive Director and Chairman of the Board, Rob Hume, effective from 31 October 2014.

    Pursuant to this, the Company has appointed Johan Holtzhausen to serve as an Independent Non-Executive Director of the Board with effect from 1 November 2014. Holtzhausen will also assum..
  • North River Resources fulfils conditions for second drawdown

    2014-11-03
    North River Resources Limited has successfully completed various key operational objectives at its Namib project, in Namibia, allowing the Company to draw down the second tranche of funding from Greenstone Resources LP.

    The Investment Agreement was originally signed in July 2014 and totalled $12 million. The second tranche was pre-p..
  • ArcelorMittal South Africas Director resigns

    2014-10-31
    ArcelorMittal South Africa Limiteds Sudhir Maheshwari has resigned from his position as a Non-Executive Director of the company, with effect from 31 March 2015.

    Maheshwari had been with the company since 1991 and was responsible for business development and mergers and acquisitions. He was appointed as a Non-Executive Director in N..
  • Ncondezi Energy signs MoU with Shanghai Power

    2014-10-29
    Ncondezi Energy Limited has entered into a Memorandum of Understanding with Shanghai Electric Power Company Limited whereby Shanghai Power will become the controlling shareholder of the 300 megawatts power plant project in Mozambique.

    Shanghai Power is a subsidiary of China Power Investment Corporation which is one of the largest po..
  • Kibo Mining releases Definitive Mining Feasibility study results

    2014-10-29
    Kibo Mining Plc has released the results of the Definitive Mining Feasibility Study for the Rukwa project located in Tanzania.

    The company reports that phase 1 stage 1 of the Rukwa Definitive Mining Feasibility Study has been completed ahead of the set schedule. 

    The re..
  • Firestone Energy appoints a new Chairman

    2014-10-29
    Firestone Energy Limited has appointed Mathews Phosa as Chairman of the companys Board of Directors, with effect from 27 October 2014. 

    Phosa is a qualified Attorney with extensive knowledge of the South African political and business arena. Phosa currently serves on a number of Boards of both listed and unlisted companies..
  • Kumba Iron Ores quarterly production increases

    2014-10-28
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 30 September 2014.

    Total production for the quarter increased by 37% to 13.0 million tonnes when compared to production recorded for Q3 2013 and increased by 13% when compared to production recorded in Q2 2014. 
    &..
  • Elemental Minerals releases phased implementation update

    2014-10-28
    Elemental Minerals Limited has released the phased Implementation update for the high-grade Kola sylvinite project located in the Republic of Congo.

    The company expects to start production of phase 1 in 2018, which will ramp up to phase 2 by 2022. Phase 1 has an unlevered after-tax net asset value of $1 836 million and internal rate..
  • Tawana Resources receives excellent infill drilling results

    2014-10-28
    Tawana Resources Nl has received the results of the infill and extensional drilling programme conducted at its 100% owned Mofe Creek iron ore project located in Liberia.

    At a 20% iron cut-off with a maximum of 2 metres internal dilution, significant intersections include 72.7 metres at 39.6% iron from surface, 29.3 metres at 39.6% i..
  • Magnis Resources reports additional metallurgical results

    2014-10-28
    Magnis Resources has reported further exceptional flake graphite metallurgical results from its Nachu graphite project in Tanzania.

    The company reports that up to 63.8% of the graphite concentrate is in the jumbo flake category, ie +300 microns. A total of 82% of the graphite tested is in the large and jumbo categories.
    &..
  • African Barrick Gold reports production to be up by 16%

    2014-10-24
    African Barrick Gold Plc has released its results for the third quarter of 2014.

    The company reports a gold production total of 190 986 ounces, representing a 16% increase on the production total of Q3 2013. Gold sales amounted to 178 490 ounces, an 11% increase from Q3 2013.

    Al..
  • Sentula Minings subsidiaries enter into Sale of Asset Agreements

    2014-10-23
    Sentula Mining Services Mauritius Limited and Sanex S.A.R.L, wholly owned subsidiaries of Sentula Mining Limited, have entered into Sale of Asset Agreements with Orezone Drilling Mauritius Limited. 

    The Agreements include the disposal of certain idle property, plant and equipment and associated inventory for a consideration..
  • Jubilee Platinums revenue increases in Q3 2014

    2014-10-22
    Jubilee Platinum Plc has released its Q3 2014 operational and financial update.

    The companys Middelburg operations recorded an unaudited revenue increase of 21.16% from Q2 2014. Unaudited gross profit margin increased by 15.36% to 38.72%, sustaining the Middelburg operations targeted gross margin of 38%. 
  • Amara Mining completes 2014 drilling programme

    2014-10-22
    Amara Mining Plc has advised shareholders that it has completed the 2014 drilling programme that was ongoing at its Yaoure gold project in Cote dlvoire.

    The programme achieved a total of 85 574 metres of drilling in 251 diamond drill holes, which included 2 957 metres of geotechnical drilling and 80 reverse circulation holes were d..
  • Tawana Resources releases operational update

    2014-10-22
    Tawana Resources Nl has released a quarterly operations update for the three month period ended 30 September 2014.

    The company successfully completed the Scoping Study of the Mofe Creek iron ore project in Liberia in July 2014.

    The results of the Scoping Study confirmed robust t..
  • Infrasors Holdings expects an increase in earnings

    2014-10-22
    Infrasors Holdings Limited released a trading update for the six month period ended 31 August 2014.

    Basic Earnings per Share are expected to be between 4.5 and 5.5 cents per share, an increase of between 4400% and 5400% when compared to the Earnings per Share reported during the previous corresponding period. Headline Earnings per S..
  • West African Mineral releases drilling results

    2014-10-22
    West African Minerals Corporation has announced that drilling conducted at the South Sanaga iron ore license in Cameroon has been completed.

    Drilling intersected mutiple coarse grained magnetite gneiss packages with grades and thicknesses suitable to justify follow up drilling designed to deliver a Maiden Mineral Resource Estimate i..
  • StratMin Global Resources signs Off-Take Agreements

    2014-10-22
    Stratmin Global Resources Plc has signed an Off-Take Agreement with a large global independent processor and merchant of graphite to sell its flake graphite product with effect from 20 October 2014.

    The agreement states that the buyer will purchase all the material that StratMin Global Resources can produce within a certain product ..
  • Celamin Holdings appoints a new MD and Chairman

    2014-10-21
    Celamin Holdings NL has announced the appointment of current Chief Executive Officer, Nic Clift, as the new Managing Director, with immediate effect.

    The company further announced the appointment of Martin Broome as the new Chairman of the Board, also with immediate effect.

    Clif..
  • Randgold Resources releases an update on Kibali mine

    2014-10-21
    Randgold Resources Limited has released an update regarding its Kibali gold mine in the Republic of Congo.

    The company reports that the mine is approaching operational steadiness as it continues to ramp up on mining and production. 

    Randgold Resources expects to deliver..
  • OGI Group acquires Balama Resources

    2014-10-21
    OGI Group Limited acquired 100% of Balama Resources which holds the rights to 6 tenements in the highly prospective graphite area in Mozambique.

    OGI is now the largest graphite tenement holder in the area.

    Initial exploration drilling has been completed, with results expected in..
  • Gold Fields releases Q3 2014 production guidance update

    2014-10-21
    Gold Fields Limited has released an updated production guidance for the quarter ended 30 September 2014.

    The company expects attributable gold equivalent production to be approximately 559 000 ounces at All-in Sustaining costs of $1 076 per ounce and All-in costs of $1 096 per ounce.

  • Bauba Platinum successfully acquires Houtbosch prospecting right

    2014-10-16
    Bauba Platinum Limited has successfully completed the notarial execution of the Houtbosch 323KT farm on 27 August 2014.

    The farm, located in South Africa, has now been added to Bauba Platinums existing prospecting rights portfolio and has been registered at the Mineral and Petroleum Titles Registration Office. 
    ..
  • Harmony Gold Mining Company increases production by 6%

    2014-10-15
    Harmony Gold Mining Company Limited has increased its production in Q1 of FY15 by 6%, which is in-line with its annual production guidance.

    Chief Executive Officer of the company, Graham Briggs, commented, Harmony is strengthening its margins through increasing its gold production. We continued to increase our underground grade, wi..
  • South Boulder Mines completes Pre-Feasibility Study

    2014-10-15
    South Boulder Mines Limited has released the results of the Pre-Feasibility Study conducted at its Colluli potash project located in Eritrea. 

    The 12 Pre-Feasibility Study holes were completed ahead of the schedule. The company mobilised all the equipment and manage to commence with first drilling programme on time.
  • Base Resources upgrades and increases its Mineral Resources

    2014-10-15
    Base Resources Limited has announced an upgrade and increase in Mineral Resources for its 100% owned Kwale project located in Kenya.

    The updated Mineral Resources Estimate, which follows twelve months of mining, is the result of the new drilling, assaying and mineralogical testwork, bulk density testwork and updated Resource Estimat..
  • Regal Resources releases drilling update

    2014-10-15
    Regal Resources Limited has released the results of the second phase of the diamond drilling programme currently underway at its Kalongwe joint venture in the Democratic Republic of Congo.

    The company reports that a total 2 100 metres in 14 holes have been drilled. Significant results include: 22.20 metres at 4.76% copper and 0.08% ..
  • Keaton Energy Holdings releases H1 of FY15 production update

    2014-10-15
    Keaton Energy Holdings Limited released a production update for the first half of FY2015 and reports continued growth.

    Both the groups collieries safety performance remained excellent. Vanggatfontein and Vaalkrantz, both located in South Africa, reported lost time injury frequency rate of 0.04 and 0.12 respectively. 
  • Birimian Gold updates on drilling in Mali

    2014-10-14
    Birimian Gold Limited has announced that the next phase of its exploration drilling programme at the Massigui gold project in Mali is underway. 

    The aircore rig has commenced with drilling and a second Reverse Circulation drill rig will be mobilised to the project area in the coming weeks. 
    &l..
  • Wescoal Holdings updates on Muhanga acquisition

    2014-10-14
    On 23 June 2014, Wescoal Holdings Limited entered into a Sale of Asset Agreement to purchase certain assets from Muhanga Mines Proprietary Limited.

    The assets that the company is acquiring includes the coal processing plant and certain liabilities, which were subject to various suspensive conditions.

    ..
  • Kibo Minings Rukwa project confirms robust economics

    2014-10-13
    Kibo Mining Plcs Rukwa coal mine in Tanzania confirmed positive first key financial indicators produced from the feasibility work done thus far.

    The initial financial modelling confirms robust project economics. Kibo Mining expects the continuous surface mining technology to result in reduced direct mining costs.
  • Atlatsa Resources Corporation suspends operations

    2014-10-10
    Atlatsa Resources Corporation has suspended operations at its Klipfontein opencast mine at the Bokoni Platinum mine located in South Africa while awaiting the outcome of an urgent and full investigation into the fatal injury of a Mosotsi community member.

    20% of Bokonis total production originates from the Klipfontein opencast mine..
  • Stellar Diamonds receives first diamonds from trial mining

    2014-10-10
    Stellar Diamonds Plc has recovered the first batch of diamonds from the commissioning of the mine plant at the Baoul kimberlite project in Guinea. 

    The company commissioned the 100 tonnes per hour treatment plant in September 2014. The first limited ore processed has produced over 50 carats of
  • SacOil releases operational update

    2014-10-09
    SacOil Holdings Limited has released an operational update reporting satisfactory progress across its  portfolio of exploration and appraisal assets.


    OPL 233: 3D seismic data acquisition has commenced in Nigeria following approval by the Nigerian National Petroleum Corporation. The  ..
  • Sable Mining Africa makes Board changes

    2014-10-08
    Sable Mining Africa Limiteds Non-Executive Director, Phil Edmonds, has stepped down from the companys Board with immediate effect. 

    Jim Cochrane, Chairman of Sable Mining Africa, commented, "Phil has made an enormous contribution to the development of Sable Mining since the company's inception and I would like t..
  • IMX Resources commences with drilling programme

    2014-10-07
    IMX Resources Limited has commenced with its drilling campaign at its Nachingwea property in Tanzania to test graphite and gold targets. 

    Drilling at the Chilalo graphite prospect is to establish the presence of premium priced, coarse flake graphite mineralisation with the aim of releasing a maiden JORC compliant Mineral Re..
  • Ferrum Crescent halts trading

    2014-10-07
    Ferrum Crescent has advised shareholders that its securities on the Australian and Johannesburg Stock Exchanges will be suspended from trading effective immediately and for a period of two days.

    The company reports that the halt in trading is necessary otherwise the shares would be traded on an uninformed basis. Ferrum Crescent is e..
  • Magnis Resources discovers new graphite

    2014-10-07
    Magnis Resources Limited, previously known as Uranex Limited, has announced the discovery of a new tenement that displays multiple graphite grades at its Ruangwa project in Tanzania.

    The multiple grades identified by the surface outcrop rock samples are in excess of 10% graphite. The discovery of the new graphite adds to the company..
  • KEFI Minerals releases Ore Reserve update

    2014-10-07
    KEFI Minerals has released an update regarding the Ore Reserve Estimate from its Tulu Kapi deposit in Ethiopia.

    The Ore Reserve Statement has been independently verified and reports a total probable Ore Reserve of 12.9 million tonnes at 2.41 g/t gold for 1.002 million ounces gold.

  • Base Resources receives credit approval

    2014-10-07
    Base Resources Limited has received credit approval from all lenders for the rescheduling of the $215 million Kwale project debt facility.

    The rescheduling is to ensure the debt facility repayment schedule is aligned with the commencement of sales from the Kwale project, in Kenya.

  • DRDGold expects an increase in gold production

    2014-10-06
    DRDGold Limited has advised shareholders that it expects a 5-7% increase in gold production for the quarter ended 30 September 2014.

    The company expects cash operating unit costs to remain flat quarter-on-quarter but expect operating profit to increase by between 45% and 55%.

    Ni..
  • Firestone Diamonds releases final full year results

    2014-10-03
    Firestone Diamonds has releases its final financial and operation results for the full year ended 30 June 2014.

    The company began construction and earthworks on its Liqhobong mine development project, in Lesotho, in June 2014. The company reports that the project is fully funded through to completion and the management team and cont..
  • Golden Star completes Preliminary Economic Assessment

    2014-10-02
    Golden Star Resources Limited has released its Preliminary Economic Assessment results for the Wassa underground operations in Ghana. 

    The company aims to develop an underground mine at the Wassa project which will operate alongside the already existing open pit mine. 

    <..
  • Diamond Fields International terminates agreement with Afri-Can Marine Mineral

    2014-10-02
    Diamond Fields International Limited announced the termination of its agreement with Afri-Can Marine Mineral Corporation. 

    The termination is regarding Diamond Fields Internationals Namibian marine diamond concessions. The company wishes to develop the properties independently. 

    <..
  • Amara Mining reports a 248% increase in Indicated Resources

    2014-10-02
    Amara Mining Plc has released a Mineral Resource update from its Yaoure gold project in Cote dlvoire.

    The company reports increased ounces at a higher grade in the economic pit shells. Amara Mining reports 4.5 million ounces at 1.5g/t in the $950 per ounce pit shell which represents an increase of 269 000 ounces at a 5% higher grad..
  • Paragon Diamonds issues new ordinary shares

    2014-10-01
    Paragon Diamonds Limited has issued 1 500 000 new ordinary shares at a price of 3.5 pence per ordinary share. 

    The shares were issued as payment for service provided by advisors to the company.

    The new shares will rank pari passu with the existing ordinary shares. The c..
  • Jubilee Platinum secures funding for power project

    2014-10-01
    Jubilee Platinum Plc has successfully placed 16 666 667 new ordinary shares at a price of 1.20 pence per share to raise GBP200 000.

    The proceeds of the placement will be put toward the improvement of the electrical infrastructure project of the companys subsidiary, Power Alt (Pty) Ltd. Power Alt aims to achieve an export capacity o..
  • North River Resources releases interim results

    2014-10-01
    North River Resources Plc has released its financial and operational results for the six month period ended 30 June 2014.

    During the period under review, the company increased the underground Mineral Resources at its flagship lead-zinc-silver project, in Namibia, by 36% from 0.92 million tonnes to 1.25 million tonnes. The reported z..
  • Coal of Africa releases full year results

    2014-10-01
    Coal of Africa Limited has released its full year results for the year ended 30 June 2014.

    The company reports no fatalities and only one lost time injury for the year, marking an improvement in the safety record since 2013.

    During the year the company signed a Memorandum of Agr..
  • Kasbah Resources releases annual results

    2014-09-30
    Kasbah Resources Limited has released its annual report for the year ended 30 June 2014.

    In September 2013, the company updated its Resource Estimate for the Mekns Trend at its Achmmach license, in Morocco, from 500 000 tonnes to 1 600 000 tonnes. The update represents a 220% increase in the resource estimate and brings the total r..
  • West Peak Iron enters into Sale Agreement

    2014-09-30
    West Peak Iron Limited has entered into a Sale and Farm-out Agreement for its assets in Liberia. 

    The company has an agreement with Mineraux Limited, which under the agreement terms can earn up to 100% shareholding in West Peak Irons Liberian subsidiary that owns the Liberian assets. 
  • AngloGold Ashanti delists from LSE

    2014-09-30
    AngloGold Ashanti has advised shareholders that its securities were delisted from the main board of the London Stock Exchange and cancelled as of 22 September 2014.

    The companys shares will continue to trade of the Johannesburg Stock Exchange, the New York Stock Exchange, the Ghana Stock Exchange and the Australian Stock Exchange.&..
  • Viking Mines extends agreement with Akroma Gold

    2014-09-29
    Viking Mines Limited has extended the Exclusivity Agreement with Akroma Gold Corporation Ltd regarding Viking Mines 100% owned Akoase gold project in Ghana.

    Akroma Gold was granted three months to carry out due diligence on the Akoase project but the due diligence site visit was delayed. The Exclusivity Agreement has been extended ..
  • Golden Saint Resources releases interim results

    2014-09-25
    Golden Saint Resources Limited has released its unaudited results for the six months ended 30 June 2014.

    For the period under review, the company focused on bulk sampling and exploration work across the Group's portfolio of licenses. 

    No revenue was generated durin..
  • Nigel Rudd to serve on the Board of Aquarius Platinum

    2014-09-25
    Aquarius Platinum Limited has appointed Nigel Rudd to serve as Chairman Designate of its Board of Directors, effective from 1 November 2014.

    Rudd is a qualified Chartered Accountant and a founding shareholder of Atlas Mara which has interests in banking in Southern Africa. He has held various senior management and Board positions an..
  • Paul Kiley to serve as a Director of Sipa Resources

    2014-09-23
    Sipa Resources Limited has announced the appointment of Paul Kiley as an Independent Non-Executive Director of the company, effective immediately.

    Kiley is a certified practicing Accountant with a Bachelor of Economics degree. He has over 25 years of commercial experience in the mining, energy and oil and gas industries. Kiley estab..
  • Giyani Gold extends agreement with Horizon Enerji and Sumo Coal

    2014-09-23
    Giyani Gold Corporation signed a binding letter of intent agreement with Horizon Enerji A.S and Sumo Coal (Pty) Ltd in August 2014.

    The letter of intent outlined the terms and conditions of Giyani Golds proposal to acquire the entired issued share capital of Horizon Enerji and Sumo Coal. The original agreement included a condition ..
  • Goldplat releases FY14 results

    2014-09-23
    Goldplat Plc has released its financial and operational results for the year ended 30 June 2014.

    Goldplat reports an operating profit of GBP153 000 with a loss before tax of GBP248 000 and a net cash position of GBP1.66 million as at 30 June 2014.

    During the year, the company fo..
  • Gemfields reports revenue of $160 million

    2014-09-23
    Gemfields Plc has released its financial results for the year ended 30 June 2014.

    Gemfields recorded revenue of $160.1 million for the year under review, with EBITDA amounting to $59.3 million. Net profit after tax totalled $16.3 million, a significant improvement from the loss of $22.8 million for FY13. Cash held as at 30 June 2014..
  • Integrated Resources Group secures three permits for Kalengwa

    2014-09-22
    Integrated Resources Group Limited has secured the necessary environmental and exploration approvals for exploration on the Kalengwa projects located in Zambia.

    The company has secured environmental approval from the Zambian Environmental Management Agency for three of the Kalengwa permits, including the flagship Kalengwa South area..
  • Green Rock to acquire Mahenge projects

    2014-09-22
    Green Rock Limited has received positive results from the due diligence report which has confirmed significant potential at the Mahenge projects in Tanzania. 

    Pursuant to this, the company has decided to exercise its option to acquire both the Mahenge North graphite project and the Mahenge projects from various vendors. Acq..
  • Northam Platinum cautions shareholders

    2014-09-19
    Northam Platinum Limited has released a cautionary announcement regarding a proposed transaction to increase its Historically Disadvantaged South African share ownership levels within the company.

    The company is finalising details of the proposed Historically Disadvantaged South African transaction. Shareholders are advised that the..
  • Sierra Rutile reports 8% increase in production

    2014-09-18
    Sierra Rutile Limited has released its unaudited interim results for the six months ended 30 June 2014.

    The company reports an 8% increase in rutile production during the period, from 51 985 tonnes in H1 2013 to 56 060 tonnes in H1 2014.

    Rutile sales volumes increased to 71 565 ..
  • Savannah Resources releases interim results

    2014-09-17
    Savannah Resources Plc has releases its interim financial results for the six months ended 30 June 2014.

    The company reported an operating loss of 630 877 for the period.

    Total comprehensive loss attributable to equity holders amounted to 2 696 045 mainly due to the losses rel..
  • Paragon Diamonds releases H1 2014 results

    2014-09-17
    Paragon Diamonds Limited has released its audited final results for the six months ended 30 June 2014.

    Paragon Diamonds is on course to commence with stage 1 production in 2015 at the open pit Lemphane Kimberlite in Lesotho. The company has a production target of 20 000 carats with an estimated average value of $930-$1 025 per carat..
  • Sovereign Mines of Africa reports a loss

    2014-09-17
    Sovereign Mines of Africa Plc has released its financial results for the six months ended 30 June 2014.

    The company reported a loss of 84 739 for the period under review, which is an improvement from the loss of 697 158 reported for the corresponding period of 2013.

    During the..
  • Royal Bafokeng Platinum announces changes to the Board

    2014-09-17
    Royal Bafokeng Platinum Limited has advised shareholders of the resignation of David Noko and Francis Petersen from the Board of Directors.

    Noko and Petersen both resigned from their roles as Independent Non-Executive Directors, effective immediately. 

    Both Noko and Pet..
  • Drake Resources releases project update

    2014-09-16
    Drake Resources Limited has released a technical update from its Seimana gold project in Guinea.

    The company received exploration permits in January 2014 and has been conducting field programmes at the Seimana gold project. 

    The programmes geophysical data d..
  • Petra Diamonds sales update

    2014-09-16
    Petra Diamonds Limited has sold a 122.52 carat blue diamond for $27.6 million or $225 269/carat.

    The diamond was discovered at the Cullinan mine in South Africa and sold to the companys beneficiation partnership which consists of Petra Diamonds (15%) and its polishing partner (85%). Petra Diamonds polishing partner, who wishes to ..
  • Gunson Resources acquires Strandline Resources

    2014-09-15
    Gunson Resources Limited is set to acquire the entire issued share capital of Strandline Resources (Pty) Ltd.

    The acquisition, which includes Strandline Resources large license package within the highly prospective corridor in Tanzania, is subject to shareholder approval.

    Mike ..
  • MOD Resources to commence with drilling at Mahumo

    2014-09-11
    MOD Resources Limited has announced that it expects drilling at the high grade Mahumo copper/silver project in Botswana to commence around 25 September 2014. 

    The company appointed Orbit Drilling to conduct the drilling programme, using two rigs sourced from Botswana. The drilling programme has four key objectives, which ar..
  • DRDGOLD cautions shareholders

    2014-09-10
    DRDGOLD Limited has advised shareholders to continue to exercise caution when dealing in the securities of the company.

    The company cautioned shareholders due to the pro forma financial effects of the disposal of the underground mining and prospecting rights held by East Rand Proprietary Mines Limited having not yet been fully reali..
  • African Potash completes first exploration drill hole

    2014-09-10
    African Potash Limited has released the results of the first exploration drill hole completed at the Lac Dinga potash project located in the Republic of Congo. 

    The drill hole, LDDH_001, was the first of two holes to be completed. It intersected a 120 metre thick salt sequence approximately 415 metres below surface. The sal..
  • Mining viability of Kibo Minings Rukwa Coal project confirmed

    2014-09-10
    Kibo Mining Plc has completed the preliminary economic and technical evaluation which it undertook as part of the Definitive Mining Feasibility Study for the Rukwa coal mine located in Tanzania.

    Early results confirm the robust project fundamentals. The Rukwa coal mine has been confirmed as a suitable fuel source for a 300 megawatt ..
  • African Rainbow Minerals reports a 10% increase in earnings

    2014-09-10
    African Rainbow Minerals Limited has released its provisional results for the year ended 30 June 2014. 

    Headline Earnings increased by 10% to R4.11 billion and Headline Earnings per Share increased to 1 900 cents, from the 1 735 cents reported for FY13. 

    Basic ..
  • Petra Diamonds recovers a 232 carat white diamond

    2014-09-09
    Petra Diamonds Limited has recovered a 232.08 carat white diamond at its Cullinan mine located in South Africa.

    The recovered diamond is a magnificent example of the large, high quality diamonds that have been recovered from the Cullinana mine. It is a D colour Type II diamond of exceptional size and clarity.
    &..
  • Global Petroleum receives exploration license extension

    2014-09-09
    Global Petroleum Limiteds subsidiary, Jupiter Petroleum Limited, has received a 12 month extension on its Petroleum Exploration License No.29 offshore Namibia.

    The extension was granted by the Namibian Ministry of Mines and Energy and covers two blocks in the Walvis Basin.

    The ..
  • Bounty Oil & Gas updates on Kiliwani North project

    2014-09-08
    Bounty Oil & Gas NL has released an update regarding the progress made on the commercialisation of its Kiliwani North gas project located in Tanzania.

    Kiliwani North is a joint venture, operated by Ndovu Resources Ltd, which owns 65%, RAK Gas, which holds a 25% stake, and Bounty Oil & Gas hold a 10% stake.
  • African Energy Resources receives approval for EIA

    2014-09-08
    African Energy Resources Limited has received approval from Botswanas Department of Environmental Affairs regarding an Environmental Impact Assessment (EIA) for its planned 300 megawatt coal mine and power project.

    The power project will potentially supply power to Zambia, Botswana and South Africa. 
    ..
  • Camac Energy set to acquire 2D seismic

    2014-09-08
    Camac Energy Incorporated, through its wholly owned subsidiary, Camac Energy Kenya Limited, has been awarded seismic contracts for the acquisition of 2D seismic surveys on Block L1B and  Block L16 in Kenya.

    The contract for each block is subject to negotiation and signing of a definitive agreement.
    <..
  • Amara Mining releases H1 2014 results

    2014-09-04
    Amara Mining Plc has released its results for the half year ended 30 June 2014.

    The company reported a production total of 31 030 ounces of gold from its Kalsaka/Sega mine, in Burkina Faso.

    Cash and liquid assets as at 30 June 2014, totalled $28.6 million. The companys cash inc..
  • Expedition Minings Burkina Faso options extended

    2014-09-03
    Expedition Mining Incorporated has received a 30 day extension on the agreement to acquire the private company holding rights, from 0909189 BC Ltd, to earn interests in Burkina Faso gold properties.

    The 30 day extension will run until 30 September 2014.

    Following the review of a..
  • Pan African Resources expects a 20% decrease in EPS

    2014-09-03

    Pan African Resources Plc has released a trading statement and a dividend guidance for the year ended 30 June 2014.

    Earnings per Share for FY14 are expected to be between 26% and 31% lower than FY13 Earnings per Share of 13.84 cent per Share.

    Hea..
  • Shanta Gold releases interim results

    2014-09-03
    Shanta Gold Limited has released its interim operational and financial results for the six month period ended 30 June 2014.

    The company reports total gold production of 42 194 ounces during the six month period.

    Cash costs amounted to $759 per ounce while all-in sustaining costs..
  • Wescoal Executive Director resigns

    2014-09-03
    Wescoal Holdings Limited has announced the resignation of Executive Director, Wiseman Khumalo, with effect from 30 November 2014.


    Khumalo wishes to continue his studies at Harvard Business School.


    The Board of Dir..
  • Tlou Energy to commence with Selemo remediation plan

    2014-09-02

    Tlou Energy Limited has announced that it will commence with remediation work for the Selemo pilot pod located in Botswana.

    <..

  • African Energy Resources receives letter of intent from ZESCO

    2014-09-01
    African Energy Resources Limited has received a Letter of Intent from ZESCO, the Zambian State electricity utility, confirming its interest in progressing and concluding a long term power supply agreement with the company.

    The Letter of Intent confirms that ZESCO wishes to receive power from African Energy Resources proposed 300 me..
  • Impala Platinum releases FY14 results

    2014-09-01
    Impala Platinum Holdings Limited has released its operational and financial results for the full year ended 30 June 2014.

    The company reports an improvement in the Fatal Injury Frequency Rate of 33.8% to 0.043 per million man-hours worked.

    Gross refined platinum decreased by 25...
  • Coal of Africa reaches Settlement Agreement with Grindrod

    2014-09-01
    Coal of Africa Limited has reached an agreement with Grindrod Corridor Management (Pty) Ltd and Terminal de Carvo da Matola Limitada for the settlement of both historic and future liabilities under the current Throughput Agreement.

    Under the Throughput Agreement, which was signed in August 2009, the company secured a long term port..
  • Anglo Pacific Group releases interim results

    2014-08-29
    Anglo Pacific Group Plc has released interim results for the six month period ended 30 June 2014. 

    The company declared an interim dividend of 4.45 pence for the period.

    Cash balances as at 30 June 2014 was reported to be GBP14.4 million, with no borrowings and undrawn ..
  • Syrah Resources updates on Tanzanian projects

    2014-08-28
    Syrah Resources Limited has released an exploration update regarding its mineral sands projects in Tanzania.

    The company reports an Indicated Resource at its Fungoni project of 11 million tonnes at 3.1% heavy minerals with a cut grade of 1% and a very high value assemblage of 22% zircon, 4% rutile and 44% ilmenite. The Indicated Res..
  • Hummingbird Resources releases operational update

    2014-08-27
    Hummingbird Resources Plc has released an operational update on its operations at the Yanfolila project in Mali and the Dugbe 1 project in Liberia.

    The company reports that the Yanfolila project, in Mali, was funded with a $75 million debt facility from Taurus Funds Management and was granted mining and environmental permits. An 11 ..
  • Zimplats Director resigns

    2014-08-26
    Zimplats Holdings Limited has announced the resignation of Non-Executive Director, Michael John Houston, with effect from 15 August 2014.

    Houston joined the group in 2001 as Chief Operating Officer of the operating subsidiary, Zimbabwe Platinum Mines (Pty) Ltd and was appointed Chief Executive Officer of Zimplats Holdings Limited on..
  • Tawana Resources set to commence with baseline studies at Mofe Creek

    2014-08-26
    Tawana Resources NL has released a Notice of Intent with regards to the baseline studies it wishes to commence to support its Environmental and Social Impact Assessment for the Mofe Creek project located in Liberia. 

    The Environmental and Social Impact Assessment and the Mineral Development Agreement are key steps towards a..
  • Wesizwe Platinum releases Maseve Investments 11 update

    2014-08-26
    Wesizwe Platinum Limited has released an update regarding its shareholding in Maseve Investments 11 (Pty) Ltd.

    Wesize Platinum held a 26% stake in Maseve Investments, through its subsidiary Africa Wide Mineral Prospecting and Exploration (Pty) Ltd. Between October 2013 and November 2013, Maseve Investments made a cash call of R213 m..
  • Bushveld Minerals acquires an additional interest in Lemur Resources

    2014-08-26
    Bushveld Minerals Limited has agreed to acquire an additional 10 000 000 shares in Lemur Resources Limited.

    Following the completion of the acquisition, Bushveld Minerals will hold 114 697 097 ordinary shares or 57.21% of the issued share capital of Lemur Resources.

    In considera..
  • Oando Energy Resources reports $98 million debt reduction

    2014-08-25
    Oando Energy Resources Incorporated has converted the outstanding $98 million of the $1.2 billion facility agreement with Oando Plc into equity.

    The company entered into a $1.2 billion facility agreement with Oando Plc in February 2014. As it stands, $41 million is still outstanding under the agreement and an aggregate principal amo..
  • Kibaran Resources restructures its Board

    2014-08-25
    Kibaran Resources Limited has begun restructuring its Board of Directors with the aim of fast tracking its graphite projects in Tanzania.

    The restructuring, which follows the completion of the extremely encouraging Scoping Study of the Epanko graphite deposit, is to prepare the company for its next phase of growth through further de..
  • Bushveld Minerals release FY14 results

    2014-08-21
    Bushveld Minerals Limited has released its audited annual results for the period ended 28 February 2014.


    During the year, Bushveld Minerals successfully launched and concluded the acquisition of a majority shareholding in Lemur Resources Limited, an ASX listed coal exploration company with operations..
  • Resource Generation obtains mobile equipment funding

    2014-08-21
    Resource Generation Limited has signed a loan facility of up to $113 million with Komatsu Financial Limited for the mobile equipment fleet.


    The loan facility is for a five year period and is subject to a number of conditions precedent including: signing of the sale agreement for the equipment, regist..
  • African Copper Plc releases production and exploration results

    2014-08-20
    African Copper Plc, a subsidiary of ZCI Limited, has released its production and exploration update for the quarter ended 30 June 2014. 

    The company reports that 2 703 tonnes of copper in concentrate were produced for the first quarter of FY2015. Ore processed during the period under review increased from 163 391 tonnes rep..
  • Impala Platinum Holdings expects a decrease in earnings

    2014-08-20
    Impala Platinum Holdings Limited has released its trading statement for the financial year ended 30 June 2014. 

    Headline Earnings per Share is expected to be between 82 and 98 cents, a decrease of between 70% and 75% when comparison to the Headline Earnings per Share of 330 cents reported for FY13. The expected decrease in ..
  • Green Rock Energy set to finalise due diligence for Tanzanian operations

    2014-08-19
    Green Rock Energy Limited has advised shareholders that it is nearing completion of the first phase of due diligence at the Mahenge North graphite project located in Tanzania.

    570 metres of trenching has been completed with 400 metres being new tr..
  • Bassari Resources secures a gold refining agreement

    2014-08-18
    Bassari Resources Limited has secured a gold refining agreement with the international group TCA SPA for the Makabingui gold project located in Senegal.

    Securing this agreement is an important milestone for the company to become a gold producer in the first half of 2015. 

  • Minerals Deposits releases H1 2014 results

    2014-08-18
    Mineral Deposits Limited has released its results for the half-year ended 30 June 2014. 

    Grande Cte mineral sands mine located in Senegal is wholly owned by the companys 50% owned subsidiary, TiZir Limited. Ramp up at Grande Cte is progressing well, with first ilmenite shipment expected in September 2014. TiZi..
  • Central Rand Gold releases interim results

    2014-08-18
    Central Rand Gold Limited has released its unaudited interim results for the six month period ended 30 June 2014.


    The company reports a 34% decrease in revenue from $8.80 million for the comparative period of 2013 to $5.77 million.  Loss before tax was reduced during the period under review,..
  • Firestone Diamonds disposes of Botswana operations

    2014-08-14
    Firestone Diamonds Plc has advised shareholders that it has commenced with the disposal process for its Botswana operations.

    Questco (Pty) Ltd, a South African corporate finance advisor, has been appointed to manage the sale process.

    The companys BK11 diamond mine, in Botswana,..
  • Merafe Resources reports a 35% increase in revenue

    2014-08-13
    Merafe Resources Limited has released its reviewed interim results for the six month period ended 30 June 2014. 

    The company reports a 16% increase in production to 168 000 tonnes. Revenue increased by 35% to R2 billion, attributable to a 25% increase in ferrochrome sales and a 16% weaker 
    Ran..
  • Marenica Energy receives R&D refund

    2014-08-12
    Marenica Energy Limited has advised shareholders that it has received the AUD367 590 Research and Development refund from the Australian Tax Office.

    The refund has been received well ahead of schedule, with the company only expecting to receive it in mid September 2014.

    The Rese..
  • Woodside Petroleum acquires 40% interest in exploration acreage

    2014-08-12
    Woodside Petroleum Limited has acquired a 40% stake in an Exploration, Exploitation and Production Sharing Contract for block F15 located in the Gabon coastal basin. 

    Noble Energy holds the remaining 60% stake in the contract and will be the operator. 

    Woodside..
  • Rio Tintos underlying earnings for H1 increase by 21% to $5.1 billion

    2014-08-12
    Rio Tinto Plc has released its results for the six months ended 30 June 2014.

    Underlying earnings increased 21% to $5.1 billion, from $4.2 billion reported for the previous corresponding period of 2013. Underlying Earnings per Share increased to 276.8 US cents.

    The company repor..
  • Gemfields announces results from recent auctions

    2014-08-11
    Gemfields Plc has published the results of the auctions held in Zambia from 5 to 8 August 2014 for lower quality rough emerald and beryl.

    Including the sale of low grade beryl, the overall average realised price was $1.34/carat; excluding low grade beryl sales, the average realised price amounted to $3.61/carat. 
  • Celamin Holdings launches Bankable Feasibility Study

    2014-08-11
    Celamin Holdings NL has announced the formal launch of the Bankable Feasibility Study for its Chaketma phosphate project in Tunisia. 

    The first phase of the study will include upgrading of the Mineral Resource from an Inferred Resource to Measured and Indicated Resource status, the continuation of the environmental and soci..
  • MOD Resources releases assay results

    2014-08-08
    MOD Resources Limited has released new assay results from the mineralised intersections in previous shallow drill holes at the Mahumo project in Botswana. The assay results confirm high copper and silver grades at both the West and East Zone deposits. 


    Six drill hole intersections in the Wes..
  • KEFI Minerals releases update on Tulu Kapi Definitive Feasibility Study

    2014-08-06
    KEFI Minerals Plc has released updated exploration results from its Tulu Kapi gold project located in Ethiopia.

    During the study reverse circulation infill drilling continued to return strong positive results from the Tulu Kapi license, including results of 9 metres at 4.24 g/t gold, 13 metres at 3.21 g/t gold, 9 metres at 3.31 g/t ..
  • Sibanye Gold reports a 4% increase in operating profit

    2014-08-06
    Sibanye Gold Limited has released their operating and financial results for the six month period ended 30 June 2014. 

    The company declared an interim dividend of 50 cents per share for the period and reported operating profit to have increased by 4% from the previous corresponding period to R3.5 billion for the period under..
  • Ferrum Crescent releases activities report

    2014-08-05
    Ferrum Crescent has released its quarterly activities and cash flow report for the period ended 30 June 2014.


    The companys Moonlight Resource is now compliant with JORC 2012. The project was independently valued at a range of between $24.8 million and $41.3 million, and a preferred valuation of $33...
  • Zamanco Minerals releases quarterly report

    2014-08-05
    Zamanco Minerals Limited has released its activities report for the period ended 30 June 2014. 

    The companys Board decided to discontinue the proposed Serenje manganese project in Zambia, due to the general resources outlook and difficult operating environment. A structural wind down of the venture has begun and is expecte..
  • Camac Energy discovers four new oil and gas reservoirs

    2014-08-04
    Camac Energy Incorporated has released its preliminary results of the drilling conducted on the Oyo-8 well located off the coast of Nigeria. 

    Drilling at the Oyo-8 well commenced in June 2014 and has both vertical and horizontal sections. The company drilled a total depth of 1 847m and discovered four new oil and gas reserv..
  • DiamondCorp updates on Lace diamond mine

    2014-08-04
    DiamondCorp Plc has released an update on its underground development and tailings re-treatment activities at the Lace diamond mine in South Africa

    The company has completed the scoping and mine design studies on the Upper K4 block and ..
  • Tawana Resources releases quarterly report

    2014-08-01
    Tawana Resources Nl has released its quarterly activities report for the period ended 30 June 2014.

    The Scoping study which was conducted at the companys Mofe Creek iron ore project located in Liberia demonstrated the potential for a low capital expenditure, low cost, high margin operation. 
  • Rio Tinto disposes of Mozambique assets

    2014-07-31
    Rio Tinto Plc has entered into an agreement with International Coal Ventures Private Limited to dispose of its subsidiary Rio Tinto Coal Mozambique.

    The subsidiary holds the licenses to the Benga coal mine and other projects in Mozambique. The purchase consideration totals $50 million and the transaction is subject to certain condit..
  • Kibo Mining commences with Definitive Mining Feasibility Study

    2014-07-30
    Kibo Mining Plc has announced the commencement of a Definitive Mining Feasibility Study which is being conducted at the Rukwa coal to power project mine located in Tanzania.


    The company appointment Minxcon Projects to conduct the study. The Definitive Mining Feasibility Study will cover the developme..
  • Kefi Minerals releases Q2 operational update

    2014-07-30
    Kefi Minerals Plc has released its operational update for the second quarter ended 30 June 2014.


    The company has been focused on revising its development and production plan for the Tulu Kapi gold project in Ethiopia. The revised plans will involve more selective mining and a focus on increasing the ..
  • Merafe Resources expects an increase in earnings

    2014-07-30
    Merafe Resources Limited has released a trading statement for the six months ended 30 June 2014.


    The company has advised shareholders that it expects basic Earnings per Share to increase by 569% to 615% to between 8.7 cents and 9.3 cents. Headline Earnings per Share is expected to also increase to be..
  • Bassari Resources appoints a project development team

    2014-07-29
    Bassari Resources Limited has formally appointed a development team for its Makabingui gold project located in Senegal.


    The company appointed a team of experienced professionals to deliver the project following the outstanding results from the projects feasibility study. The development team members..
  • North River Resources appoints Non-Executive Director

    2014-07-29
    North River Resources Plc has appointed Mark Sawyer to serve as a Non-Executive Director of the company, effective immediately.

    Sawyer is a co-founder of Greenstone Resources LP and a senior partner at Greenstone Capital LLP. He spent over 17 years in the mining sector holding senior positions at companies such as Xstrata Plc, Rio T..
  • Base Resources releases activities report for Kwale operations

    2014-07-28
    Base Resources Limited has released its quarterly activities report from its Kwale Mineral Sands operations in Kenya. 

    The company reports that bulk rutile and containerised zircon shipments commenced in April 2014. The company reports that he design through puts, plant availability and runtime are all being consistently ac..
  • Impala Platinum Holdings expects 20% decrease in earnings

    2014-07-28
    Impala Platinum Holdings Limited has released a trading statement for the financial year ended 30 June 2014. 

    The company anticipates Headline Earnings per Share and Basic Earnings per Share to be 20% lower than the previous year ended 30 June 2013. 

    The compan..
  • Sylvania Platinum reports a 16% increase in revenue

    2014-07-28
    Sylvania Platinum Limited has released Q4 2014 results from its platinum group metals production and development operations in South Africa. 

    The companys dump operations achieved a record of 15 435 ounces produced, an increase of 17% from Q3 2014, the increase represents the fifth consecutive quarter of continuous growth...
  • Swala Oil & Gas to list on Dar es Salaam Stock Exchange

    2014-07-25
    Swala Energy Limited has announced that its subsidiary, Swala Oil and Gas (Tanzania) Plc, is in the process of listing on the Dar es Salaam Stock Exchange in Tanzania.

    The Initial Public Offer, which closed on 04 July 2014, was oversubscribed with a total of 1 869 old and new shareholders applying for 13.3 million shares. Swala Oil ..
  • Shanta Gold releases quarterly update

    2014-07-23
    Shanta Gold Limited has released its production and operational results for the quarter ended 30 June 2014.

    The company reports a record gold production of 21 940 ounces, an 8% quarter-on-quarter increase. Gold sales amounted to 22 400 ounces at an average price of $1 307 per ounce. 

  • Jubilee Platinum releases quarterly update

    2014-07-23
    Jubilee Platinum Plc has released an operational and financial update for the second quarter of 2014.

    The company reports unaudited revenue generated by its Middleburg operations, in South Africa, increased by 44.89% from Q1 2014 to Q2 2014. 

    Gross profit from the opera..
  • Randgold Resources Kibali mine remains on track to deliver FY2014 gold forecast

    2014-07-22
    Randgold Resources Limited has released an update from its Kibali gold mine located in the Democratic Republic of Congo.

    The company reports that the mine is facing challenges that are to be expected when carrying out a ramp up of a large and com..
  • CFO of DRDGOLD resigns

    2014-07-22
    DRDGOLD Limited has advised shareholders that Chief Financial Officer, Francois van der Westhuizen, has resigned from his position on the Board with effect from 18 July 2014.

    The company has appointed Anthon Meyer as the interim Chief Financial Officer and will be appointed to the Board following the conclusion of various regulatory..
  • Gryphon Minerals releases exploration results

    2014-07-21
    Gryphon Minerals Limited has released an update on its West Africa exploration activities. 

    The company commenced with reverse circulation drilling programme at the Banfora gold prospect in Burkina Faso, which identified shallow oxide material for heap leaching which was recently completed at the newly delineated Kafina Wes..
  • Stratmin Global Resources discover new graphite mineralisation

    2014-07-21
    StratMin Global Resources Plc has announced positive results from the exploration work conducted at its Loharano property in Madagascar.

    The company recently excavated four pits at the Mahefadok prospect, which is located in northern part of the Loharano property, which revealed significant graphite mineralisation at depth. The in-h..
  • Golden Rim Resources intersects gold at Panga Lodes

    2014-07-21
    Golden Rim Resources Limited has released results from the reverse circulation drilling programme conducted at its Balogo project in Burkina Faso.

    Drilling at the Panga Lodes within the Balogo project area has confirmed results of significant gold mineralisation. Intersections include; 10 metres at 8.4 g/t gold from 34 metres, inclu..
  • Blina Minerals Burkina SARL signs a Binding Term Sheet

    2014-07-18
    Blina Minerals Burkina SARL, a wholly owned subsidiary of ASX listed Blina Minerals NL, has signed a Binding Term Sheet to begin exploration at the Diakouli prospect located in Burkina Faso.

    Blina Minerals Burkina SARL may, under the agreement, earn up to an 80% legal and beneficial interest in the prospect from Hamidou Baba Traore ..
  • Marenica Energy successfully completes share purchase plan

    2014-07-17
    Marenica Energy Limited has raised a total of AUD 400 000 through a share purchase plan that allowed existing shareholders to subscribe for new ordinary shares at an issue price of AUD 0.0016.

    The share purchase plan was strongly supported by the Directors and Management of Marenica Energy. The companys Chief Executive Officer, Mur..
  • Stellar Diamonds Tongo kimberlite dyke project yields excellent results

    2014-07-16
    Stellar Diamonds Plc has released the results of the re-processing of bulk sample tailings from its Tongo kimberlite dyke project in Sierra Leone.

    The bulk sampling tailings processing to date has yielded 843 carats. Undiluted diamond grade increased by 29% to 155 carats per hundred tonnes (cpht) from 120 cpht. The company reports h..
  • Eastern Platinums share consolidation approved

    2014-07-16
    Eastern Platinum Limited has received approval from the Toronto Stock Exchange to proceed with its stock consolidation and stock split. 

    The company will now proceed with the consolidation of its common shares on a 1 000 old for 1 new basis. Shareholders holding less than one full share post-consolidation are entitled to a ..
  • Caledonia Mining releases Q2 production update

    2014-07-16
    Caledonia Mining Corporation has released a production update for the quarter ended 30 June 2014 as well as a revised 2014 guidance update. 

    Gold production from the companys 49% owned Blanket mine in Zimbabwe, increased from 10 241 ounces of gold reported for Q1 2014 to 11 223 ounces in Q2 2014, representing a quarter-on-..
  • Sable Metals & Minerals makes changes to the Board

    2014-07-16
    Sable Metals & Minerals Limited has announced the retirement of Tom Wixley and resignation of Neil Lazarus as Independent Non-Executive Directors of the Board.

    In addition, the company has appointed Independent Non-Executive Director, Willie Thabe, as Chairman of the Audit and Risk Committee.

    ..
  • Afarak Group issues shares to vendors

    2014-07-16
    Afarak Group Plc has announced its resolution to issue 11 130 434 new ordinary shares to the vendors of its 90.0% owned subsidiary, Mogale Alloys.

    The group originally acquired Mogale Alloys in May 2009 and agreed to settle its ongoing dispute with the subsidiarys vendors. As part of the agreement the group paid R177 million to the..
  • Legend Mining completes Cameroon sale agreement

    2014-07-15
    Legend Mining Limited has announced that all conditions precedent regarding the Cameroon sale agreement have been satisfied.

    The sale, which was for a purchase consideration of AUD17.5 million, has now been completed. The consideration will be paid in 3 tranches of AUD6 million, AUD6 million and AUD 5.5 million.
  • Celamin restructures Board

    2014-07-15
    Celamin Holdings NI has appointed former Managing Director, David Regan, as a Non-Executive Director to serve on the companys Board.

    In June 2014, the company appointed a new Chief Executive Officer, Nicholas Clift, to replace Regan and announced its intention for Regan to become an Executive Director.
  • Drake Resources completes Seimana drilling programme

    2014-07-15
    Drake Resources has completed the Reverse Circulation drilling programme conducted at its Seimana gold project located in Guinea.

    The company drilled 17 holes totalling 1 567 metres at seven near surface high priority targets, which were identified from recent field programmes.

    ..
  • Kibaran Resources enters strategic alliance

    2014-07-15
    Kibaran Resources Limited has entered into a binding strategic alliance agreement with 3D Group (Proprietary) Limited to establish a Research and Development company, 3D Graphtech Industries (Proprietary) Limited.

    The new Research and Development company has been strategically positioned to participate in the 3D printing sector. Kib..
  • Strategic Natural Resources appoints a new Director

    2014-07-14
    Strategic Natural Resources Plc has announced the appointment of Robert Gavin Bonnar as a Director of the company, with effect as from 14 May 2014. 

    Bonnars appointment will be effective until the next Annual General Meeting. Bonnar currently holds 2 140 000 ordinary shares in Strategic Natural Resources, which represents ..
  • Ncondezi Energy releases update on power project

    2014-07-10
    Ncondezi Energy Limited has announced that it is in the process of concluding negotiations surrounding the Power Purchase Agreement and the Power Concession Agreement for its 300 megawatt power plant project in Mozambique. 

    The company expects the Power Purchase Agreement and Power Concession Agreement to be formally submit..
  • Sentula Minings subsidiary makes changes to the Board

    2014-07-09
    Sentula Mining Limiteds Geosearch Group of Companies has announced the resignation of Mike Fitzgerald as Chief Executive Officer of the company, effective immediately.

    Fitzgerald, a qualified Mining Engineer, joined Geosearch in 2010 as Chief Executive Officer. 

    Sentul..
  • Sable Metals and Minerals applies for prospecting right amendment

    2014-07-09
    Sable Metals and Mineral Limited has announced that its subsidiary, Gemsbok Magnetite (Proprietary) Limited, has submitted an application to the Department of Mineral Resources to have its Doornpoort prospecting right amended. 

    Gemsbok Magnetite wishes to have its prospecting right amended to allow for bulk sampling so that..
  • AngloGold Ashanti appoints new CFO

    2014-07-09
    AngloGold Ashanti Limited has announced the appointment of Christine Ramon as the companys new Chief Financial Officer.

    Ramon is a Chartered Accountant and served Sasol Limited as Chief Financial Officer for 7 years. She will be taking over from Richard Duffy, with effect from 1 October 2014.

  • AngloGold Ashanti concludes gold mine sale

    2014-07-08
    AngloGold Ashanti Limited has finalised the sale of its wholly owned subsidiary, AngloGold Ashanti Namibia (Proprietary) Limited to QKR Corporation Limited.


    AngloGold Ashanti Namibia owned and operated the Navachab gold mine in Namibia. The mine had an estimated Mineral Resource of 3.91 million ounce..
  • Jacka Resources announces resignation of CEO and CFO

    2014-07-08
    Jacka Resources Limited is currently in the process of conducting an overall review of its operations as part of the recently completed funding initiatives. 


    Pursuant to this, the company advises that Managing Director, Bob Cassie, and Chief Financial Officer, Richard Alan, have both resigne..
  • Baobab Resources releases operations update

    2014-07-07
    Baobab Resources Plc has released an update on its operational activities at its pig iron and ferrovanadium project in Mozambique.

    The company is currently finalising its Definitive Feasibility Study at the project and has commenced pilot scale smelting trials at the Mintek laboratories in
  • Tawana Resources releases results of Scoping Study

    2014-07-04
    Tawana Resources NL has received excellent technical and financial results from the recently completed Scoping Study conducted at its wholly owned Mofe Creek iron ore project,  in Liberia. 

    Results indicated a life of mine of 14 years, with a production target of 2.5 million tonnes per annum. The capital cost to in..
  • StratMin Global Resources releases production update

    2014-07-04
    StratMin Global Resources Plc has released its Q2 2014 sales and production update.

    The company has entered into a sales contract with a graphite trading company with the initial order being for 54 tonnes of +40 mesh, 19 tonnes of -40+80 mesh and 38 tonnes of +60 mesh.

    During th..
  • Premier African Minerals releases FY13 results

    2014-07-02
    Premier African Minerals Limited has released its results for the year ended 31 December 2013.

    During the year, the company completed the initial Resource Statement for its RHA tungsten project, in Zimbabwe. The mining study completed during the year demonstrated strong economics for the advancement of the project and the potential ..
  • Sula Iron & Gold releases results

    2014-07-02
    Sula Iron & Gold Plc has released its interim operational and financial results for the six months ended 31 March 2014.


    The company completed the drilling programme to define a JORC Compliant Direct Shipping Ore Mineral Resource Estimate on the main Banded Iron Formation and expects to comple..
  • ZCI releases trading statement

    2014-07-02
    ZCI Limited released its trading statement for the year ended 31 March 2014.


    The company expects a loss per Share of 47.08 US cents, a decrease when compared to the Earnings per Share of 5.16 US cents reported for the year ended 31 March 2013. Headline loss per Share is expected to be 12.26 US cents,..
  • Goliath Gold Mining expects a decrease in earnings

    2014-07-02
    Goliath Gold Mining Limited released its trading statement and expects a loss per share and a Headline loss per share following a review of its financial results for the six month period ending 30 June 2014.


    Loss per Share and Headline loss per Share are expected to be between 18 cents and 22 cents p..
  • Stratex International confirms significant gold mineralisation

    2014-07-02
    Stratex International Plc has released the results of the drilling programme conducted at its 12.89% owned Tembo gold project in Tanzania.


    Thirteen diamond drill holes totalling 3 179 metres were completed during the drilling programme. The best results include: 1.89 g/t gold over 2.23 metres from 22..
  • African Minerals updates on Tonkolili iron ore product enhancement

    2014-07-02
    African Minerals Limited has released an update regarding the enhancement to its product quality at the Tonkolili iron ore mine in Sierra Leone and its impact on the wet season strategy.


    The companys product mix, which consist of fines, lump and All in 32, has historically caused material handling p..
  • Zamanco Minerals to formally discontinue manganese project

    2014-07-01
    Zamanco Minerals Limited has announced that due to the general resources outlook and the difficult operating environment, the Board of Directors has decided to discontinue the Serenje manganese project in Zambia

    The company will immedia..
  • African Chrome Fields amends subsidiary sale agreement

    2014-07-01
    African Chrome Fields Limited has advised that the Sale of Share Agreement entered into with Moti Holdings Limited regarding the sale of the companys 100% interest in African Chrome Fields Pte Limited has been completed.


    The company has received approximately $3 000 000 as part payment for the sale ..
  • Rockwell Diamonds Incorporated reports revenue increase

    2014-06-30
    Rockwell Diamonds Incorporated has released its financial and corporate update for the quarter ended 31 May 2014.

    The company reports revenue from diamond sales to have increased by 15%, from the corresponding period of last year, to $8.8 million. Total carat sales amounted to 6 677 carats, an increase of 34% from the same period of..
  • Discovery Metals makes changes to the Board

    2014-06-27
    Discovery Metals Limited has announced that acting Non-Executive Chairman, Jeremy Read, has been appointed as the acting Executive Chairman of the Board.

    Read will remain as acting Chairman until 31 December 2014, after which the company will appoint a permanent Non-Executive Director.

    <..
  • Miranda Minerals cautions shareholders

    2014-06-25
    Miranda Mineral Holdings Limited is still engaged in discussions regarding certain conditions precedent for the Benicon Coal (Proprietary) Limited acquisition, the proposed specific issue of shares for cash and the waiver of a mandatory offer to shareholders.


    The company previously announced the prop..
  • Keaton Energy Non-Executive Director resigns

    2014-06-25
    Dirk Jonker of Keaton Energy Holdings Limited has handed his notice of resignation to the Board, which will take effect from 01 July 2014. 


    Jonker, who has extensive knowledge in international commodity trading and processing, joined the companys Board of Directors in 2011 as a Non-Executiv..
  • Kenmare Resources Chairman to retire

    2014-06-25
    Kenmare Resources Plc has announced the retirement of its Chairman, Justin Loasby, from the companys Board of Directors with immediate effect.


    Non-Executive Director, Steven McTiernan, will take on the role of Non-Executive Chairman following Loasbys retirement which is due to his ill health.&n..
  • Elemental Minerals repays Dingyis convertible loan

    2014-06-24
    Elemental Minerals Limited has announced the completion of the AUD10 million convertible loan repayment to Dingyi Group.

    The company also reported that the 10 000 000 convertible note has now been cancelled.

    Elemental Minerals thanked Dingyi, a 6.09% shareholder of the company, ..
  • Canyon Resources releases drilling programme results

    2014-06-24
    Canyon Resources has announced the first assay results for the aircore/reverse circulation drilling programme carried out at the Birsok bauxite project in Cameroon.

    The assay results have returned high-grade, thick bauxite mineralisation from sur..
  • Jubilee Platinums Middleburg operations achieve financial goals for May 2014

    2014-06-23
    Jubilee Platinum Plc has announced that the Middleburg operations achieved its operational and financial goals for May 2014 after successfully commissioning the 3rd ARC furnace.

    The commissioning of the 3rd ARC furnace formed part of the final phase of the Renewal Programme which began in 2012. The company reports production levels ..
  • Bushveld Minerals releases update on Bushveld vanadium project

    2014-06-23
    Bushveld Minerals Limited has released the results of the pyro-metallurgical testwork carried out on its Bushveld vanadium project in South Africa. 

    As part of its Scoping Study, the company has performed pyro-metallurgical testwork for the beneficiation of the Main Magnetite Layer of the project. Vanadium extrac..
  • Firestone Diamonds makes changes to the Board

    2014-06-20
    Firestone Diamonds Plc has announced the appointment of Ken Owen as an Independent Non-Executive Director and Niall Young as a Non-Executive Director, effective immediately. 

    Owen has over 35 years of working experience in the mining sector, spending 15 years working in various management positions at De Beers before moving..
  • Lonmin releases update on the strike action

    2014-06-19
    Lonmin Plc has announced that it received feedback from the President of the Association of Mineworkers and Construction Union (AMCU), Joseph Mathunjwa, regarding an in principle agreement between the three platinum producers, being Lonmin, Anglo American Platinum Limited and Impala Platinum Holdings Limited  and the union. 

  • Richland Resources releases programme update on Merelani Tanzanite Mine

    2014-06-18
    Richland Resources Limited has released its restructuring and performance programme update for the Merelani tanzanite mine. 


    The cost reduction and efficiency programme undertaken by Richland Resources subsidiary TanzaniteOne Mining Limited, has already resulted in significant increases in ..
  • Anglo Pacific Group announces changes to the Board

    2014-06-18
    Following the retirement of John Whellock and Mike Atkinson, Anglo Pacific Group Plc has announced the appointment of Bob Stan and Rachel Rhodes.


    Both retirements took effect on 11 June 2014. Stan will be assuming the role of Acting Chairman of the companys Remuneration Committee, while Rhodes has a..
  • Anglo American Director appointed to Standard Chartered

    2014-06-18
    Byron Grote a Non-Executive Director of Anglo American Plc, has been appointed to the Board of Standard Chartered Plc to serve as an Independent Non-Executive Director, effective from 01 July 2014. 


    Grote holds a Ph.D. in Quantitative Analysis and has over 25 years of work experience working..
  • Avocet Mining releases business review update

    2014-06-18
    Avocet Mining Plc has released an update regarding its business review and life of mine plan for its 90% owned Inata operation in Burkina Faso.


    In January 2014, the company initiated a business review to address i..
  • Petra Diamonds recovers a 122.52 carat blue diamond

    2014-06-18
    Petra Diamonds Limited has recovered an exceptional 122.52 carat blue diamond at its 74% owned Cullinan mine located in South Africa.


    In order to assess its potential value, the recovered stone will require further..
  • David Ransom has resigned from the Board of Unity Mining

    2014-06-17
    Unity Mining Limited has announced the resignation of David Ransom from the Board with effect from 30 June 2014. 


    The Board thanked Ransom and wished him well for his future endeavours.


    Clive Jones, Chair..
  • Perseus Mining releases update on operations and VAT payment

    2014-06-17
    Perseus Mining Limited has released an operational update and VAT refund relating to its Edikan gold mine in Ghana. 


    The company received $6.7 million from the Ghanaian government as part of its payment for the outstanding VAT debt of $32.7 million. The Ghanaian government intends to make tw..
  • Blackthorn Resources updates on Mumbwa project activities

    2014-06-17
    Blackthorn Resources Limited released an update regarding the activities underway at its 100% owned Mumbwa project located in Zambia.


    Following the results of the Optimised Feasibility Study conducted at the projects Kitumba deposit, the company will commence with the Definitive Feasibility Study pr..
  • Omar Marwan Kamal to serve the Board of Tharisa

    2014-06-12
    Tharisa Plc has announced the appointment of a new Non-Executive Director,  Omar Marwan Kamal, with effect from 11 June 2014.

    Kamal, with a Ph.D. in Management (Banking and Finance) and a BSc. in Economics and Political Science, has over 19 years of experience in the field of finance and investment. He currently serves as c..
  • KEFI Minerals to acquire 25% share in Nyota Minerals

    2014-06-11
    KEFI Minerals Plc has announced a conditional agreement to acquire 25% of the issued shares of Nyota Minerals Limited. 

    The acquisition of the issued shares, for a purchase consideration of 1.5 million, will bring KEFI Minerals ownership to 100% of the Tulu Kapi target located in Ethiopia. The consideration will be satisf..
  • Oando Energy Resources extends availability period for secured facility agreement

    2014-06-11
    Oando Energy Resources Plc has extended the period of availability for the $450 million senior secured facility agreement to 31 August 2014.

    The agreement was arranged by a group of international banks which include Standard Chartered Bank, BNP Paribas and Standard Bank of South Africa Limited. The proceeds of the facility are to be..
  • Keaton Energy Holdings expects an increase in earnings

    2014-06-11
    Keaton Energy Holdings Limited has released its trading statement for the year ended 31 March 2014 and expects, with a reasonable degree of certainty, an increase in earnings.

    Both Basic Earnings per Share and Headline Earnings per Share  are expected to be more than 150% higher than the earnings reported for the previous y..
  • Firestone Diamonds consolidates shares

    2014-06-11
    Firestone Diamonds Plc has completed its share capital reorganisation, which follows the completion of a placement of shares, an open offer and a subscription to raise funds.

    The company has, following the share capital reorganisation, made an application for 308 992 814 new ordinary Firestone Diamond shares of 1 pence each to be ad..
  • Predictive Discovery reports substantial gold anomaly

    2014-06-10
    Predictive Discovery Limited has reported a large strong gold soil anomaly at its Kokumbo permit in Cote Dlvoire.

    The anomaly was revealed through the compilation of exploration data previously collected from the prospect. Results show the gold geochemical anomaly to be 1.4 kilometres long and up to 800 metres wide. Historical dril..
  • Cardinal Resources releases drilling update

    2014-06-10
    Cardinal Resources has announced the results of 2 reverse circulation holes drilled at the Ndongo prospect in Ghana.


    The company reports having intersected gold mineralisation at Ndongo West, including drill hole r..
  • Jubilee Platinum executes Access Agreement

    2014-06-09
    Jubilee Platinum Plc has executed a Tailings Access Agreement with ASA Metals (Proprietary) Limited and its subsidiary, Dilokong Chrome Mines (Proprietary) Limited, for the recovery of platinum group metals and chrome.

    Under the agreement, the company has been awarded the exclusive right to access Dilokong Chrome Mines platinum gro..
  • Chrometco releases FY2014 results

    2014-06-04
    Chrometco Limited has released its audited financial and operational results for the year ended 28 February 2014.

    During the year, the company focused on processing and selling its MG4 chrome ore stockpile as well as further optimising the allocation of its capital resources.

    An..
  • Edenville Energy releases financial results

    2014-06-04
    Edenville Energy Plc has released results for the year ended 31 December 2013. 

    Highlights included the equity financing facility agreement entered into with Darwin Strategic Limited. In addition, the companys JORC-compliant Mineral Resource Estimate for the Rukwa coal project in
  • Exxaro Resources makes changes to the Board

    2014-06-04
    Exxaro Resources Limited has announced the appointments of Constantinus Johannes Fauconnier and Vuyiswa Nkonyeni.

    Fauconnier has been appointed to the companys Remuneration and Nomination Committee effectively immediately. 

    Nkonyeni has been appointed as the companys ..
  • Philip Mitchell to serve on Anglo American's Group Management Committee

    2014-06-04
    Anglo American Plc has appointed Philip Mitchell to serve on the companys Group Management Committee in the role of Group Director: Human Resources and Corporate Affairs with effect from 1 September 2014.

    Mitchells appointment follows Mervyn Walkers decision to retire from the company.

    ..
  • Argonaut Resources conducts a dry-season drilling programme

    2014-06-03
    Argonaut Resources Nl has announced the commencement of the dry-season drilling programme for 2014 at its Lumwana West project located in Zambia.

    The company estimates that the total drilling programme will surpass 8 500 metres plus IP geophysics ..
  • Elemental Minerals releases an exploration update on the Dougou Target

    2014-06-03
    Elemental Minerals Limited has released an update on its exploration activities at the Dougou Target in the Republic of Congo. 

    The company signed a drilling contract with Meridian Drilling Limited for a minimum of 1 500 metres. The contract is set to comprise of three boreholes to test the Hangingwall Seam at the Dougou Ta..
  • FAR raises equity of $8 million

    2014-06-03
    FAR Limited has announced the placement of 200 000 000 new ordinary shares at AUD0.04 per share to raise equity of approximately $8 million before expenses.


    The price per new share represents a 15% and 10% discount to the companys current market price on the ASX and to the 30 day volume weighted ave..
  • Drake Resources set to commence Seimana drilling programme

    2014-06-03
    Drake Resources Limited will commence with an initial 15 000 metre Reverse Circulation drilling programme at its Seimana gold prospects located in Guinea.


    The Reverse Circulation programme is set to commence in July, and aims to investigate high priority near surface targets identified during recent ..
  • North River Resources releases positive results

    2014-06-03
    North River Resources Plc has released their final results for the year ended 31 December 2013. 

    Significant developments took place during the year as progress towards production was made at the companys flagship Namib led zinc mine in Namibia&l..
  • African Consolidated Resources makes changes to the Board

    2014-06-03
    African Consolidated Resources Plc has made key Board changes to reflect the companys evolving strategic development. 

    William Battershill, an experienced businessman with a vast network and extensive background in the Southern African industrial sector, has been appointed as the companys Chairman. In addition, Eric Diack..
  • Namibian Copper's Chairman resigns

    2014-06-03
    Namibian Copper NL has announced the resignation of Non-Executive Chairman, Robert Timmins, from the company's Board, effective immediately. 

    Timmins, a founding director and major shareholder, had been with the company since it was established in 2008. He will continue to serve in a senior management role as Country M..
  • Amara Mining announces drilling results

    2014-06-02
    Amara Mining Plc has released the first phase of results from its in-fill drilling programme conducted at its Yaoure gold project in Cte dlvoire.

    The drilling programme began with only one reverse circulation drill in April 2014; the company has since mobilised three additional diamond drill rigs to the site. Reverse circulation d..
  • African Eagle Resources makes changes to the Board

    2014-05-29
    African Eagle Resources Plcs  Julian McIntyre and Venkat Siva have resigned from their positions as Non-Executive Directors of the company, effective immediately. 


    McIntyre has been serving as Non Executive Director of African Eagle Resources since April 2011 while Siva had been se..
  • Sentula Mining makes changes to the Board

    2014-05-29
    Sentula Mining Limited has announced the appointment of three new Directors to the Board, all with effect from 27 May 2014.


    Acting Chief Financial Officer, Johann Lemmer, has been appointed as the companys Executive Director and permanent Financial Director. Lemmer is a qualified Chartered Accountan..
  • Central Rand Gold announces commencement of operations at Mill 3

    2014-05-29
    Central Rand Gold Limited has released an update regarding the status of the plant upgrade programme.

    The programme comprised of two streams, the installation of the new mill and the optimisation of existing mills. The programme aimed to increase the companys milling capacity and improve general efficiency and reliability of the ex..
  • Botswana Diamonds is awarded new licenses

    2014-05-29
    Botswana Diamonds Plc has been awarded five new prospecting licenses in the Orapa region of Botswana.


    The new licenses cover 1 357km2 and represent high priority target areas for the company. The license areas wil..
  • Sibanye Gold ships first uranium production

    2014-05-29
    Sibanye gold Limited has advised shareholders that it has produced and shipped its first batch of uranium from its Cooke operations in South Africa.


    The uranium was delivered to the Nuclear Fuels Corporation of Sou..
  • Swala Oil and Gas (Tanzania) prospectus approved

    2014-05-27
    Swala Energy Limited has received approval from the Tanzanian Capital Markets and Securities Authority regarding the prospectus of its 65.13% owned subsidiary, Swala Oil and Gas (Tanzania) Plc.

    Pursuant to this, Swala Oil and Gas (Tanzania) will b..
  • Golden Rim Resources releases Burkina Faso operations update

    2014-05-27
    Golden Rim Resources Limited has released an activities report for the three month period ended 31 March 2014.

    The company received positive results from the python pre-concentration testwork programme carried out on the Balogo project area in Burkina Faso..
  • Bushveld Minerals updates on Zaaiplaats Dump acquisition

    2014-05-23
    Bushveld Minerals Limited and owners of the Zaaiplaats Tin Tailings Dump, Brent Trust and Sephaku Tin (Proprietary) Limited, have agreed to extend the technical due diligence and evaluation period in respect of the potential acquisition.


    The technical due diligence and evaluation period deadline has ..
  • Glencore Xstrata announces name change

    2014-05-21
    Glencore Xstrata Plc has received approval from the Jersey Companies Registry to change its name from Glencore Xstrata Plc to Glencore Plc.

    The name change will come into effect immediately. The effect date for the new name on the Johannesburg Stock Exchange is 23 May 2014.
     
    Glen..
  • Amara Mining releases its quarterly update

    2014-05-21
    Amara Mining Plc has released an update for the quarter ended 31 March 2014.

    After successfully closing a placement and open offer, the company raised $30.5 million which will cover the costs of delivering a Feasibility Study for its Yaoure gold project, located in Cte Dlvoire, by Q1 2015. The Yaoure projects preliminary Economic..
  • Village Main Reef reports lower production output

    2014-05-21
    Village Main Reef has released its operational and financial results for the quarter ended 31 March 2014.

    The company reports a marginal increase in the realised gold price achieved during the March quarter from R413 252/kg to R450 854/kg. Production at the companys Tau Lekoa mine, in
  • Gold Fields releases Mineral Resources and Mineral Reserve Statement

    2014-05-20
    Gold Fields Limited has published its Mineral Resources and Mineral Reserve Supplement to the 2013 integrated annual review.

    As at 31 December 2013, the company reports its attributable gold Mineral Reserves to amount to 48.6 million ounces, based on a gold price of $1 300/ounce, and its gold Mineral Resources total 113.4 million ou..
  • Elemental Minerals obtains exploration data

    2014-05-20
    Elemental Minerals Limited has entered into an agreement with Socomip SA to share the historic exploration and seismic data relating to the companys Sintoukola permit in the Republic of Congo.

    The data, collected in the 1980s, includes 590 line kilometres of oil seismic data. To undertake this size and detailed work today ..
  • Central Rand Gold Chairman steps down

    2014-05-20
    Central Rand Gold Limited has announced that Michael McMahon has stepped down as Chairman and Director of the company, effective immediately.


    Redstone Capital Limiteds Nathan Taylor has been appointed to assume the role of Interim Chairman of Central Rand Gold. The Board would like to thank McMahon ..
  • Eastern Platinum releases quarterly results

    2014-05-19
    Eastern Platinum Limited has released its financial results for the quarter ended 31 March 2014.

    The company reports its cash position to have worsened quarter-on-quarter from $ 92.9 million for the quarter ended 31 December 2013 to $87.0 million for the period under review. The majority of the companys cash and cash equ..
  • Nyota Minerals' subsidiary releases mine plan update

    2014-05-19
    Nyota Minerals Limited announced that KEFI Minerals Limited released an update, in regards to the Tulu Kapi gold project in Ethiopia.

    Nyota Minerals has 25% shareholding in KEFI Minerals, which owns 100% of the project and owns about 102 million ordi..
  • Liontown Resources updates on the Ibaga project

    2014-05-19
    Liontown Resources Limited has released an update regarding its Ibaga copper-zinc project in Tanzania

    The company undertook some preliminary work, which..
  • Nordgold reports changes to the Board

    2014-05-19
    Following the 2014 Annual General Meeting, Nordgold N.V, has announced various changes to its Board of Directors.

    The company has announced that Chairman, Philip Baum, is stepping down from the Board of Directors. Under Baums leadership, the company increased its production performance, safety performance, international footprint a..
  • Tawana Resources confirms +68% iron grade in Liberia

    2014-05-16
    Tawana Resources Nl has released the results of its diamond core metallurgical testwork conducted at the Mofe Creek iron ore project in Liberia

    The testwork results have confirmed a premium grade of +68%
  • Golden Rim Resources receives funds to recommence drilling

    2014-05-15
    Golden Rim Resources Limited has fulfilled all the conditions required to secure a convertible loan of AUD3 million from Aurora Minerals Limited.
     
    The company will use the funds to recommence with its work programmes in Burkina Faso and to provide..
  • Ausdrill appoints a new COO

    2014-05-14
    Ausdrill Limited has appointed John Kavanagh as the new Chief Operating Officer for its Africa operations. 


    Kavanagh has over 20 years of experience with the company, most of it in West Africa. He has held the position of General Manager: West Africa  for the past seven years, and w..
  • Centamin applies for new shares listing

    2014-05-14
    Centamin plc has sent an application to the Financial Conduct Authority for admission to the official list and the London Stock Exchange for trading of a further 2 980 494 ordinary shares.

    This is the final tranche of shares to be issued to the remaining Ampella Mining Limited shareholders, whose shares will be acquired compulsorily..
  • Oklo Resources updates on new Auger drilling programme

    2014-05-14
    Oklo Resources Limited is conducting a follow-up Auger drilling programme at its Dandoko gold project in Mali.

    The drilling programme, totalling 1 218 metres,  has commenced at the Selingouma North and Selingouma South targets following the completion of the Reverse Circulation and Auger drilling carried out in February 201..
  • KEFI Minerals reports progress at Tulu Kapi project

    2014-05-14
    KEFI Minerals has released an updated regarding its recently acquired, Tulu Kapi project, located in Ethiopia.

    The company conducted a scoping study on the project, which indicates potential for further improvement in the economic performance of the project. The revised mine plan will incorporate data inherited from the previous own..
  • Premier African Minerals Option Agreement approved

    2014-05-14
    Premier African Minerals Limited has advised shareholders that its Option Agreement regarding the proposed acquisition of Mandalore Development Limited, a subsidiary of AgriMinco Corporation, has been approved by the TSX Venture Exchange.


    Mandalore Development owns a 30% stake in the Danakil Potash p..
  • Delrand Resources consolidates shares and appoints CEO

    2014-05-14
    Delrand Resources Limited has announced the appointment of a new CEO and its intention to consolidate the outstanding common shares of the company on a three to one basis.

    Following the consolidation, the company will have approximately 21 281 498 common shares outstanding, subject to the rounding up of fractional shares. Current ou..
  • African Eagle Resources Directors resign

    2014-05-14

    African Eagle Resources Plc has announced the resignations of Mark Thompson and Paul Colucci from the companys Board of Directors, both with immediate effect.


    Shareholders are advised that the proposed appointments of Nick Clarke and Kola Karim will be..

  • Gold Fields reports a reduction in net losses

    2014-05-13
    Gold Fields Limited has released its unaudited results for the quarter ended 31 March 2014.

    The company reported normalized Earnings from continuing operations for the quarter to be $21 million, up from $14 million for the previous quarter. Net losses for the period amounted to $0.3 million, down from a net loss of $491 million for ..
  • Tawana Resources concludes share purchase plan

    2014-05-13
    Tawana Resources Nl has concluded its share purchase plan and raised AUD346 783 million through the placement of 13 871 344 shares. 

    Funds raised from the share purchase plan, together with the funds raised from the AUD5 million share placement completed in April 2014, will be used to advance the design, engineering, enviro..
  • Afarak Group records a profit

    2014-05-12
    Afarak Group Plc has released its interim report for the quarter ended 31 March 2014.

    The group recorded a positive EBIT and profit for the first time since entering the mineral business in 2008. Revenue increase by 36.7%, from 31.6 reported during the Q1 of 2013 to 43.2 during the period under review. EBIT went from 2.1 million ..
  • Wescoal appoints an acting CFO

    2014-05-08
    Wescoal Holdings Limited has appointed Morn Du Plessis to serve as its acting Chief Financial Offer, effective from 1 July 2014.


    Du Plessis is a qualified Chartered Accountant with an MBA. He completed his articles at PricewaterhouseCoopers and has served as Group Chief Financial Officer of Genet SA..
  • Ferrum Crescent updates on Moonlight iron ore project

    2014-05-06
    Ferrum Crescent Limited has released an update regarding the Bankable Feasibility Study conducted at its Moonlight iron ore project in South Africa

    The company has concluded key components of the Bankable Feasibility Study, including re..
  • Randgold Resources announces opening of Kibali gold mine

    2014-05-06
    Rangold Resources has announced the opening of its 45% owned Kibali gold mine in the Democratic Republic of Congo.

    The mine was opened on 2 May 2014 by the Democratic Republic of Congos Minister of Mines, Martin Kabwelulu. The mine is owned by R..
  • Nyota Minerals quarterly report

    2014-05-05
    Nyota Minerals Limited released its quarterly report for the period ended 31 March 2014.


    The SRK Exploration Services Limited prepared a Competent Person Report for the 100% Northern Blocks, being the Bendokoro and Boka Sirba licenses in Ethiopia. The report covered exploration data to date and revie..
  • DiamondCorp releases an update from its Lace diamond mine

    2014-05-02

    DiamondCorp Plc has released an update regarding the underground development and tailings re-treatment activities for its Lace diamond mine in South Africa.

  • Canyon Resources releases quarterly activities report

    2014-05-02
    Canyon Resources has released an activities report for the quarter ended 31 March 2014.

    Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the..
  • Noble Mineral Resources extends Deed of Company Arrangement deadline

    2014-05-02
    Noble Mineral Resources Limited advises shareholders that progress is being made with regards to satisfying all the conditions precedent required to complete the Deed of Company Arrangement.

    The Scheme of Arrangement has been approved by the companys creditors and the employees of the companys effected Ghanaian subsidiaries. The S..
  • African Copper releases production and exploration update

    2014-04-30
    ZCI Limited has released the corrected production and exploration update for its wholly owned subsidiary African Copper Plc, following the incorrect document being published on 24 April 2014.

    African Coppers production and exploration update relates to its Mowana and Thakadu mines in
  • Kenmare Resources reports increases in production

    2014-04-30
    Kenmare Resources Plc has released its interim management statement for the period 1 January 2014 to 23 April 2014 and production and shipment update for 1 January 2014 to 31 March 2014. 

    The companys mined ore increased by 81% to 7 543 000 tonnes in comparison to the 4 156 000 tonnes mined in Q1 2013. Productio..
  • Lonmin reports no resolution to end strike

    2014-04-30
    Lonmin Plc, in conjunction with Anglo American Platinum Limited and Impala Platinum Holdings Limited, released an update on the ongoing protected strike action.

    Following recent meetings, facilitated by the Minister of Labour, between the South African platinu..
  • Kumba Iron Ore reports an increase in production

    2014-04-29
    Kumba Iron Ore Limited released its production and sales report for its 100% owned subsidiary, Sishen Iron Ore Company Proprietary Limited, for the quarter period ended 31 March 2014. 

    The group reports a 10% increase in total production, attributable to improved production at the Sishen mine and a strong performance at the..
  • Elemental Minerals announces changes to the Board

    2014-04-29
    Elemental Minerals Limited has announced the resignation of Non-Executive Director, John Ian Stalker, with immediate effect.

    Leonard Math has been appointed to replace Stalker. Math worked at Deloitte as an auditor before joining GDA Corporate as the Manager of Corporate Services. He has knowledge and experience in listed company re..
  • Delrand Resources closes private placement

    2014-04-29
    Delrand Resources Limited has closed a private placement of 2 000 000 common shares at a price of CAD0.075 per share.


    The shares were purchased by a Director of the company, Arnold T. Kondrat. Pursuant to this, Kondrat now holds 14 359 700 of the outstanding common shares or a 22.49% stake in the com..
  • Liontown Resources completes Due Diligence for the Ibaga project

    2014-04-25
    Liontown Resources Limited has successfully completed its Due Diligence for the Ibaga copper-zinc project in Tanzania

    The project consists of three Opti..
  • Intra Energy and Endeavour Energy sign a MoU

    2014-04-25
    Intra Energy Corporation Limited has entered into a Memorandum of Understanding (MoU) with Endeavour Energy Power Holdings Limited regarding the joint development of the 120 Megawatt Pamodzi coal-fired power project in Malawi.


    The two companies intend to jointly evaluate developing the project, which..
  • UMC Energy Director resignation and Hong Kong listing update

    2014-04-23
    UMC Energy Corporation has announced the resignation of its Non-Executive Director, Robert Cleary, effective immediately.

    Cleary had been a Director of the company since November 2012. 

    The Board would like to express its gratitude to Cleary for his contribution to the ..
  • Mwana Africa reports strong production results

    2014-04-23
    Mwana Africa Plc has released its operational and exploration results for the quarter ended 31 March 2014. 

    The company reported an 8% increase on the previous period in tonnes milled at its Freda Rebecca gold mine in Zimbabwe, from 258 184 tonnes to 279 879 tonnes. The company attributes this increase to improve..
  • Sephaku Director resigns

    2014-04-23
    Sephaku Holdings Limiteds Christiaan Rudolph de Bruin has resigned from his role as a Non-Executive Director and as a member of the Remuneration and Nomination Committee, with effect from 21 April 2014. 

    Chief Executive Officer, Lelau Mohuba commented, "Rudolph is one of the founding members of the Sephaku Holdings gr..
  • Aureus Mining closes 9 million offering

    2014-04-23
    Aureus Mining Incorporated has closed its brokered offering for 33 375 000 units at a price of 0.27 each to raise approximately 9 million.

    Each unit comprises of one common share in Aureus Mining and one half of one common share purchase warrant. A full warrant allows the holder to purchase one common share for 0.378 up until 22 ..
  • Forbes & Manhattan Coal changes financial year end

    2014-04-23
    Forbes & Manhattan Coal Corporation has advised of its decision to change its financial year-end from 28 February to 31 December. 

    The company wishes its financial year-end to align with a calendar year and will now have a transition year of 10 months, from 1 March 2014 to 31 December 2014. A new financial year for ..
  • Sibanye Gold expects an increase in earnings

    2014-04-23
    Sibanye Gold Limited released its trading statement for the six months ending 30 June 2014.

    Earnings per Share are expected to be 20% higher than the earnings reported during the previous corresponding period of 2013. The expected increase in earnings is due to the non-recurring items of R821 million impairment charge relating to th..
  • Royal Bafokeng Platinum releases quarterly report

    2014-04-23
    Royal Bafokeng Platinum Limited has released its quarterly review and production update for the three months ended 31 March 2014.

    No fatal injuries occurred during the quarter and the Lost Time Injury Frequency Rate was reported to be 0.69.

    Despite the instability in the
  • Globe Metals releases Q1 production results

    2014-04-22
    Globe Metals & Mining Limited has released its production results for the quarter ended 31 March 2014. 


    As at 31 March 2014, the companys cash on hand amounted to AUD20.9 million. 


    An un..
  • FAR commences with exploration drilling

    2014-04-22
    FAR Limited has commenced with drilling at its 15% owned exploration well (FAN-1) offshore Senegal. 

    The exploration well will be used to test a stacked fan structure with the potential to contain approximately 900 million barrels of oil, approximately 135 million barrels of which will be owned by FAR. 
    ..
  • Perseus Mining resumes operations

    2014-04-22
    Perseus Mining Limited has resumed operations at its Edikan gold mine located in Ghana on 16 April 2014.

    Operations resumed following a fire incident which erupted in the cyclone nest of the plant, on 9 April 2014, during routine maintenance.

    Managing Director of the company, Je..
  • Wescoal Holdings Chief Financial Officer resigns

    2014-04-22
    Wescoal Holdings Limiteds Chief Financial Officer, Piet Janse van Rensburg, has resigned with effect from 30 June 2014. 

    The company reports it is currently in the process of finding a suitable replacement for Janse van Rensburg. 

    The Board thanks Janse van Re..
  • Anglo Pacific Group Plc makes changes to the Board

    2014-04-17
    Anglo Pacific Group Plc has appointed Mike Blyth as the new Non-Executive Chairman of the Board.


    Blyth is a qualified Chartered Accountant with extensive experience in audit and corporate governance matters. He joined the company in March 2013 as a Non-Executive Director and is now the successor of B..
  • BHP Billiton appoints a new Director

    2014-04-16
    BHP Billiton Plc has appointed Malcolm Brinded to serve as an Independent Non-Executive Director of the Board and member of the Sustainability Committee, with immediate effect.

    Brinded served as an Executive Director of Upstream International at Royal Dutch Shell Plc and has served the Boards of Shell Transport and Trading Company L..
  • Sentula Mining updates on Benicon disposal

    2014-04-16
    Sentula Mining Limited has released an update regarding the disposal of Benicon Coal Proprietary Limited.


    Sentula Mining, Miranda Mineral Holdings Limited, Mochiba Investments Proprietary Limited, Kutlwano Investment Holdings Proprietary Limited, and Benicon Coal have agreed to amend the definition o..
  • Jubilee Platinum announces operational milestones

    2014-04-16
    Jubilee Platinum Plc has advised shareholders of the commissioning of the third ARC furnace at its Middleburg operations and the submission of the Scoping Study for its Tjate project.


    Jubilee Platinum has begun commissioning the third ARC furnace at its Middleburg operations in South Africa. This mar..
  • West African Minerals releases preliminary results

    2014-04-16
    West African Minerals Corporation has released its preliminary results for the metallurgical test work executed on its Binga iron ore project in Cameroon. 


    The results indicated a range of 61% to 64% of iron from the project, depending on the grind size, which confirms the potential of salea..
  • African Energy places shares

    2014-04-15
    African Energy Resources Limited has announced the placing of approximately 17.3 million new shares of 8.5 cents per share to professional and sophisticated investors, as well as a subsequent non-renounceable offer.

    A total of AUD4.5 million capital is expected to be raised; an estimated AUD1.5 million through the Placement and AUD3..
  • Oando extends availability period of senior secured facility agreement

    2014-04-15
    Oando Plcs subsidiary, Oando Energy Resources Incorporated has announced the extension of the availability period on the $450 million senior secured facility agreement which is for the acquisition of ConocoPhillips Nigerian Upstream Oil and Gas Business.

    The facility agreement availability period has been extended to 31 May 2014, ..
  • Sphere Minerals announces Inferred Mineral Resource

    2014-04-14
    Sphere Minerals has announced the maiden Inferred Mineral Resource estimates for its Askaf Centre and Askaf East magnetite deposits in Mauritiana.

    Following resource definition drilling programmes and the associated drill sample assaying, the company estimates the combined Inferred Resources for the two deposits to be 165Mt at 35% i..
  • Aziana restructures the Board

    2014-04-14
    Aziana Limited has advised shareholders of a decision to restructure the Board of Directors.

    The Board now comprises of John Morris (Chairman), Neil Rinaldi (Executive Director and Chief Executive Officer), Peter Cook (Non-Executive Director) and Scott Balloch (Company Secretary and Chief Financial Officer). 
    <..
  • Centamin releases preliminary production results

    2014-04-11
    Centamin Plc has released its preliminary production results from its Sukari gold mine in Eqypt, for the quarter ended 31 March 2014.

    The company reports a decrease in total gold production of 14% on the corresponding quarter in 2013 and 19% from Q4 2013 to amount to 74 241 ounces. The decrease can be attributed to a temporary reduc..
  • Vedanta Resources releases production update for FY13

    2014-04-10
    Vedanta Resources Plc has announced its production results for the full year period ended 31 March 2014.

    The company reports its refined zinc production for Q4 FY2014, at its Skorpion mine in Namibia, to have increased by 100 000 tonnes from the Q3 FY2014 total. The mine underwent a ramp up after an unplanned shutdown in Q3 FY2014. ..
  • Palabora Mining Company confirms compulsory acquisition

    2014-04-09
    Palabora Mining Company Limited has confirmed that Smart Union Resources South Africa Limited will acquire the remaining ordinary shares not already owned by it.

    Smart Union Resources South Africa Limited, formerly known as Rio Tinto South Africa Limited, was awaiting a decision from the companys shareholders who did not accept the..
  • Caledonia Mining declares dividend

    2014-04-09
    Caledonia Mining Corporation has advised shareholders that it has declared a second quarterly dividend of CAD0.015 for each common share issued and outstanding.

    The dividend cheques will be mailed to shareholders on 30 April 2014.

    Caledonia Mining Corporation is an exploration, ..
  • Keaton Energy reports record production

    2014-04-09
    Keaton Energy Holdings Limited released a production update for the financial year ended 31 March 2014.

    The companys Vanggafontein Colliery, in South Africa, delivered 2 192 tonnes of washed 2 and 4 seam thermal
  • Tawana Resources requests trading halt

    2014-04-08
    Tawana Resources NL has requested a trading halt to be placed on the companys securities while still awaiting the release of an announcement by the company.

    The companys securities will remain under a trading halt until the earlier of either the commencement of trade on 8 April 2014 or the release of the announcement by the compan..
  • Base Resources makes first shipment of rutile and zircon

    2014-04-08
    Base Resources Limited has announced the shipment of the first 7 000 tonnes of bulk rutile from the Likoni Port Facility as well as the first containers of zircon from the Mombasa Port container facility in Kenya.

    Both the rutile and zircon shipments were scheduled for late March but vessel availability had resulted in shipment bein..
  • Waterberg Coal Company receives listing approval

    2014-04-08
    The Waterberg Coal Company Limited has received approval from the JSE to proceed with the listing of 23 898 499 shares.

    The purpose of the listing is to align the companys issued share capital between the Australian Securities Exchange and the JSE. Shareholders are therefore advised that the listing of the shares is not pursuant to..
  • Resource Generation reports progress on the Boikarabelo coal mine

    2014-04-07
    Resource Generation Limited released its quarterly report for the three months ended 31 March 2014.

    The company is currently developing its Boikarabelo coal mine which is located in the Waterberg region of South Africa. The
  • KEFI Minerals releases its quarterly operational results

    2014-04-04
    Nyota Minerals Limiteds 25% owned subsidiary KEFI Minerals (Ethiopia) Limited has released its operational highlights from its 100% owned Tulu Kapi gold project in Ethiopia for Q1 2014.

    In December 2013 KEFI Minerals acquired 75% of the Tulu Kapi gold project and immediately began mobilizing personnel to commence community engageme..
  • Firestone Diamonds delists from the Botswana Stock Exchange

    2014-04-04
    Firestone Diamonds Plc has confirmed that the Share Sale Facility, originally announced on 19 February 2014, closed on 28 March 2014 and the company has successfully delisted from the Botswana Stock Exchange.

    13 shareholders holding a total of 29 769 ordinary shares of 1 pence each accepted the offer under the Share Sale ..
  • Sentula Mining advises of an Executive Directors resignation

    2014-04-03
    Sentula Mining Limited announced the resignation of Patrick Modisane from his role as an Executive Director and the Chairman of the Social and Ethics Committee with effect from 31 March 2014. 

    Modisane will remain with Sentula Mining till the end of April 2014, where he will hand over his role as Head of Group Transformatio..
  • Sierra Rutile publishes results

    2014-04-02
    Sierra Rutile Limited has published its operational and financial results for the year ended 31 December 2013.

    The company reports rutile production to have increased by 27% to 120 349 tonnes. During the period under review, the company focused on reducing operating costs and improving operating efficiency. The company reports stron..
  • Tawana Resources releases its annual report

    2014-04-01
    Tawana Resources NL has released its annual report for the year ended 31 December 2013.

    The company reports a loss for the year of AUD3 315 988, a decrease from the loss of AUD6 473 524 reported during the 2012 financial year.

    The companys financial position improved from AUD3 ..
  • Beacon Hill released FY13 results

    2014-04-01
    Beacon Hill Resources Plc has released an operational update for the period ended 31 December 2013.

    During the period, the company achieved significant progress towards establishing Minas Moatize as a tier one cash cost coking coal mine within the next 12-15 months. The company further reports that it has made progress toward securi..
  • Blackthorn Resources releases positive results in Pre-Feasibility Study

    2014-04-01
    Blackthorn Resources Limited released an update of the Pre-Feasibility Study Optimisation programme conducted at its Kitumba copper project, in Zambia.  

    The company has, to date, completed its December 2013 mineral resource estimate resu..
  • Goliath Gold releases a trading statement

    2014-03-31
    Goliath Gold Mining Limited has released its trading statement for the year ended 31 December 2013.

    The company expects its Loss per Share to be between 24 cents and 36 cents and Headline Loss per Share is expected to be between 27cents and 36 cents.

    Goliath Gold Mining is a min..
  • Drake Resources signs Heads of Agreement

    2014-03-31
    Drake Resources Limited has entered into a Heads of Agreement with Martineau Mining Proprietary Limited.

    The Agreement was entered into for funding of the companys Seimana permits located in Guinea.
    The Agreement stipulates that Martineau Mining will acquire a 40% shareholding in the companys Seimana interest..
  • Stratmin releases an operational update

    2014-03-28
    StratMin Global Resources Plc has announced that the newly commissioned MechProTech scrubber has successfully completed its first double shift at the companys Lohorano operations, in Madagascar, on 24 March 2014.

    Following the trial results announcement released on 18 March 2014, the company has further calibrated the new processin..
  • Bauba Platinum enters into a chrome ore Supply Agreement

    2014-03-27
    Bauba Platinum Limited, through its subsidiary, Bauba A Hlabirwa Mining Investments Proprietary Limited, has entered into a chrome ore Supply Agreement with ASA Metals Proprietary Limited.


    The companys subsidiary recently entered into an agreement with various vendors to acquire a 60% interest in th..
  • South African Coal Mining releases trading statement

    2014-03-26
    South African Coal Mining Holdings Limited released its trading statement for the year ended 31 December 2013.

    The company expects, with a reasonable degree of certainty, that its Basic loss per share will be between 34.5 cents and 36.5 cents and Headline loss per share will be between 16.3 cents and 18.0 cents per share. &..
  • AngloGold Ashanti appoints a new Director

    2014-03-26
    AngloGold Ashanti Limited has appointed David Hodgson to serve as an Independent Non-Executive Director of the company, effective from 25 April 2014.

    Hodgson holds a BSc in Civil Engineering, a BSc Honors in Mining and B Com degree, majoring in Economics and Business Economics. He has extensive experience in the international mining..
  • Centamin delivers production growth

    2014-03-26
    Centamin Plc has released its financial and operational results for the full year ended 31 December 2013.

    The company reports gold production to have increased by 36% during the year to 356 943 ounces. Cash costs of production amounted to $663 per ou..
  • Anglo Americans Group Director retires

    2014-03-26
    Anglo American Plc has announced the retirement of Mervyn Walker, Group Director of HR and Corporate Affairs, with effect from 30 June 2014.

    Commenting on her retirement, Walker said, I have been tremendously privileged to be associated with Anglo American for eight years, firstly with Mondi and then for the last six years in my cu..
  • Hodges Resources provides export development update

    2014-03-25
    Hodges Resources Limited has advised shareholders that it is set to benefit from the Trans-Kalahari Railway Bi-lateral Development Agreement between Botswana and Namibia.

  • Bushveld Mineralss assay results confirm continuity of phosphate zone

    2014-03-24
    Bushveld Minerals Limited has released the additional assay results from the phosphate-bearing P-Q hanging wall of the Bushveld iron ore project in Limpopo.

    The results confirm an extension of the phosphate-bearing zone in a number of boreholes as well as the robustness and continuity of the mineralisation, with grades ranging betwe..
  • Orbis Gold receives new drill assay results

    2014-03-24
    Orbis Gold Limited has released the new assay drill results of the Natougou gold project located in Burkina Faso

    The results indicate multiple intersections with visible free gold. These confirm presence of two sub-parallel zones of hi..
  • Regal Resources updates on the Kalongwe Joint Venture

    2014-03-24
    Regal Resources Limited released an update on the diamond drilling programme conducted at its Kalongwe Joint Venture project located in the Democratic Republic of Congo.  

    The company has, so far, completed a total of three holes for 545..
  • CEO of African Consolidated Resources resigns

    2014-03-20
    African Consolidated Resources Plc has announced the resignation of its Chief Executive Officer, Craig Hutton.

    Hutton was appointed Chief Executive Officer of the company in 2013. He has 26 years mining experience and holds a NHD in Economic, Bachelor of Commerce degree and a Masters of Business Degree.
  • Bullman Minerals releases drill programme results

    2014-03-19
    Bullman Minerals Incorporated has released the results of its first drill programme on the Siguiri gold project located in Guinea.

    The drill program comprised of 2 220 metres of diamond drilling and 7 655 metres of reverse circulation drilling. The results from the 55 holes drilled will be used to complete a Mineral Resource Estimat..
  • Chrysalis Resources releases exploration results

    2014-03-18
    Chrysalis Resources Limited has released an update on its exploration activities in Zambia.

    A 5km x 1.6km soil anomaly was identified within the Kabwima Block G, with copper values up to 325 parts per million (ppm) copper and the in pit results of..
  • Kogi Iron releases its interim report

    2014-03-18
    Kogi Iron Limited has released its interim report for the financial half year ended 31 December 2013.

    During the period, the company continued to evaluate its 100% owned Agbaja iron ore project in Nigeria. The Scoping Study on the project began i..
  • Firestone Energy reports a net loss for H2 2013

    2014-03-18
    Firestone Energy Limited has released its interim report for the six months ended 31 December 2013.
    The group reports a net loss of $2 458 155 from continuing operations. 


    During the period, the company focused on progressing the proposed development of the Waterberg Co..
  • Waterberg Coal Share Placement and changes to Board

    2014-03-18
    Waterberg Coal Company Limited announced the placing of 13 640 000 shares to Investec Asset Management Limited, placed at a price of R1.78 per share, raising a total of R24 279 200. 

    The company entered into a Share Exchange Agreement with Global Resources Investment Trust Plc. Waterberg Coal Company exchanged 20 000 000 ne..
  • Eastern Platinum records a loss for FY13

    2014-03-17
    Eastern Platinum Limited has released its results for the full year ended 31 December 2013.

    Due to the production suspension of operations in July 2013, the company did not release comparative numbers from FY2012 in their financial results.

    Care and maintenance costs totaled $2 ..
  • Sentula Mining makes changes to the Board

    2014-03-14
    Sentula Mining Limiteds  Deon Louw has resigned as the Executive Director and Financial Director of the company, with effect 7 March 2014.  

    Consequent to this, the company has appointed Johann Lemmer, Chief Financial Officer of the Geosearch Group of Companies, a subsidiary of Sentula Mining, as Acting Chief Fina..
  • Kenmare Resources releases FY2013 results

    2014-03-13
    Kenmare Resources Plc has released its preliminary results for the full year ended 31 December 2013.

    The company reports having completed Phase 2 of its planned expansion, during the period, with the Wet Concentrator Plant B and all processing plants commissioned.

    The total ore ..
  • Universal Coal announces coal Reserve Estimate

    2014-03-12
    Universal Coal Plc has announced the Maiden JORC compliant coal Reserve Estimate for its 74% owned Roodekop project in South Africa.

    The company reports a Proven Maiden Reserve of 9.4 million tonnes. The results relate to the northern open-pit are..
  • Coal of Africa releases interim financial results

    2014-03-11
    Coal of Africa Limited released its interim financial statement for the six month period ended 31 December 2013. 

    The company continued restructuring during the period and disposed of the Woestalleen Complex in South Africa. The required ..
  • Gulf Industrials announces appointments to the Board

    2014-03-11
    Gulf Industrials Limited has appointed two Non-Executive Directors, Andrew Johnstone and Nelson Reynolds, to the Board.

    Johnstone is a qualified geologist/geophysicist with over 20 years of experience working in exploration, resource development and mining. He has held positions in companies such as Central Australian Phosphate Limi..
  • African Copper appoints new mining contractor

    2014-03-10
    ZCI Limiteds subsidiary African Copper Plc has appointed Diesel Power Mining (Proprietary) Limited to provide various mining services.

    The appointment was made through African Cooper's Botswana operating entity, Messina Copper Botswana (Proprietary) Limited.

    Diesel Power i..
  • SacOil provides an operations update

    2014-03-10
    SacOil Holdings Limited has released an update pertaining to its operations in Nigeria and Malawi.

    The Environmental Impact Assessment carried out at the companys 20% owned Nigerian operations has been completed, with both wet and dry season sam..
  • Baobab Resources releases results

    2014-03-10
    Baobab Resources Plc released the Pre-Feasibility Study results from the Tete project located in Mozambique.


    The Pre-Feasibility Study results confirmed that the Tete project asset can sustain a 1Mtpa pig iron operation with a life span of 37 years. The study further showed that the 727Mt iron ore re..
  • Galileo Resources releases results

    2014-03-05
    AIM listed company, Galileo Resources Plc, has announced the results from its intense 2013 test programme.

    The prgramme is believed to have added great value to the company's investment in Glenover Phosphate (Proprietary) Limited and the Glenover Phosphate Rare Earth project in South Africa.

    <..
  • Gemfields delivers strong Q1 results

    2014-03-05
    Gemfields Plc released its interim results for the six months ended 31 December 2013 and reported a 137% increase in revenue.

    Revenue increased to US$65.7 million for the period, up from the US$27.7 million reported for the corresponding period of 2012. EBITDA and net profit after tax for the period decreased to US$18.0 million and ..
  • Directors of Miranda Minerals resign

    2014-03-05
    Miranda Mineral Holdings Limited has announced the resignations of Non-Executive Director, Rudolph de Bruin and his Alternate Director, John Bristow.

    De Bruin had been with the company since August 2013, while Bristow was appointed as an Alternate Director to De Bruin in November 2013. Both resignations took effect on 25 February 20..
  • Lucapa Diamond Company continues to make exceptional recoveries

    2014-03-04
    Lucapa Diamond Company Limited has, in total, recovered over 1 000 carats from its Lulo diamond conscession located in Angola.

    The company built up a diamond inventory of 533.1 carats which include 371.35 carat parcel approved for sale by the Lulo project joint venture. The parcel was independently valued at $3.52 million or $9 500 ..
  • Pura Vida executes Rig Share Agreement

    2014-03-04
    Pura Vida Energy NL has executed a Rig Share Agreement to drill two wells in the Mazagan permit by the Atwood Achiever Deepwater Drillship. 

    The drillship is operated by Kosmos Energy under a long term hire agreement. Two slots on the drillship have been assigned for the drilling of Pura Vidas wells in the Mazagan permit a..
  • Gold Fields declares Mineral Reserve and Mineral Resource

    2014-02-27
    Gold Fields Limited has declared its Mineral Reserves and Mineral Resources for the year ended 31 December 2013.  


    The companys managed gold Mineral Resources came to a total of 136.7 million ounces, a decrease from 149.3 million ounces in December 2012. Gold Mineral Reserves also decreased..
  • Petmin expects increase in earnings

    2014-02-27
    Petmin Limited has released a trading statement for the six months ended 31 December 2013 and expects an increase in earnings.

    Headline Earnings per Share is expected to increase by between  27% and 30%, while basic Earnings per Share is expected to increase by between 7% and 10% compared to the earnings reported during the..
  • Kibo Mining releases results of Imweru gold projects technical report

    2014-02-27
    Kibo Mining Plc has received an independent JORC-compliant resource report for its Imweru gold project located in Tanzania and the results confirm a resource upside potential.

    The report, prepared by Canadian consultancy group Tetra Tech EBA, includes the recently completed phase 1 drilling results.

    &..
  • The Waterberg Coal Joint Venture Partners delivers feasibility study to Eskom

    2014-02-26
    The Waterberg Coal Company Limited and its partners in the Waterberg Coal Joint Venture have delivered the feasibility study of the opencast mining operation to Eskom.

    The study was to establish whether an opencast mining operation could produce 10 million tonnes of
  • IMX Resources confirms discovery of new nickel sulphide mineralisation

    2014-02-26
    IMX Resources Limited has received final assay results confirming the discovery of a new zone of nickel sulphide mineralisation, located 300 metres north of the Zeppelin deposit at the Ntaka Hill project in Tanzania.

  • Director of African Consolidated Resources resigns

    2014-02-26
    African Consolidated Resources Plcs Lloyd Manokore, has resigned from his position as the Non-Executive Vice Chairman of the company and as a Director of the companys subsidiary.


    The Board has appointed Non-Executive Director, Neville Nicolau, to assume Manokore's responsibilities as a member ..
  • Evraz cautions shareholders

    2014-02-26
    Evraz Highveld Steel & Vanadium Limited has advised shareholders that Evraz Plc is currently engaged 
    with potential bidders with a view to disposing of its 85.11% stake in the company. 


    The company is currently in a process of negotiations w..
  • Anglo American makes changes to the Board

    2014-02-26
    Anglo American Plc has announced the retirement of David Challen from the Board, effective from April 2014.

    Challen spent 12 years on the Board of Anglo American, six of which he served as a Senior Independent Director and 10 years as Chair of the Audit Committee. 

    Byro..
  • Village Main Reef reports a 7% decrease in revenue

    2014-02-26
    Village Main Reef Limited released its interim results for the six month period ended 31 December 2013. 


    The company reports gold production increased by 2% to 2 030kg despite the strike that took place at the companys Cons Murch operation located in South Africa. The average gold price for..
  • West Peak Iron begins drilling at Bong West

    2014-02-25
    West Peak Iron Limited has announced the commencement of drilling at its wholly owned Bong West prospect in Liberia.

    The drilling programme forms part of the scoping study commissioned to establish the economic viability of the
  • Minbos Resources makes changes to the Board

    2014-02-25

    Minbos Resources Limited has appointed Peter Wall and Damian Black as Non-Executive Director and Executive Director respectively with immediate effect.


    Wall holds a Bachelor of Laws and a Bachelor of Commerce (Finance). ..

  • Shaw River Manganese appoints new Chairman

    2014-02-25

    Shaw River Manganese Limited has announced the appointment of Michael Walters as Chairman of the Board of Directors.


    Walters is currently a Non-Executive Director of the company and will be succeeding Tony Walsh as Chairman, foll..

  • Bushveld Minerals releases operational report

    2014-02-19
    Bushveld Minerals Limited has released a report of its vanadium, iron and tin operations in South Africa. 

    Drilling at the Bushveld vanadium project continues, with three boreholes having been completed. Borehole AB4 returned a ~20 metre intersection. Magnetic separation results determined through tests of the Main Magnetit..
  • Kibo Mining appoints a new Director

    2014-02-19

    Kibo Mining Plc has announced the appointment of Andreas Lianos as the companys new Executive Director, effective from 1 March 2014. 

  • Perseus Mining reports a loss for H2 2013

    2014-02-18
    Perseus Mining Limited released its half year financial results for the period ended 31 December 2013.

    The company reports a net after tax loss of $4.024 million or 0.84 cents per share due to a decrease of 9% in gold production at the Edikan gold..
  • Bushveld Minerals releases operational report

    2014-02-14
    Bushveld Minerals Limited has published a report of its vanadium, iron and tin operations in South Africa

    Drilling at the Bushveld vanadium project continues with three boreholes having been completed. Borehole AB4 returned a ~20 metre ..
  • Ferrum Crescent quarterly update

    2014-02-14
    Ferrum Crescent Limited has released its quarterly activities and cashflow report for the three month period ended 31 December 2013.

    During the period, the company signed a legally binding letter of intent with Anvwar Asian Investment to facilitate a bankable feasibility study on the Moonlight iron ore project, located in
  • African Coppers production update

    2014-02-14
    ZCI Limiteds 84.19% owned subsidiary, African Copper Plc, has released a production update for its Mowana and Thakadu mines, in Botswana, for the three month period ended 31 December 2013.

    Africa Copper reports a
  • Giyani Gold releases a corporate update

    2014-02-14
    Giyani Gold Limited is continuing in its efforts to assess and pursue acquisition targets in Africa but reports that it is not currently engaged in any advanced-staged discussions with vendors.

    The company is currently working on expanding the new gold zone at its gold project in
  • Forbes Coal announces changes to the Board

    2014-02-12
    Forbes & Manhattan Coal Corporation has announced the appointment of Bob Francis and the resignations of Stan Bharti, Deborah Battiston and Stephan Theron.

    Bharti, Battiston and Theron, who were instrumental in the founding of Forbes Coal, have s..
  • Eastern Platinums Director resigns

    2014-02-11

    Eastern Platinum Limiteds John Andrews has resigned from his position as a Director of the company and its subsidiaries.


    Andrews has more than 38 years experience in managing mining operations in the precious metals industry in the United States, Canada, Mexi..

  • Coal of Africa announces CEO appointment

    2014-02-11
    Coal of Africa Limited has announced the appointment of David Brown as the Chief Executive Officer and an Executive Director for the company, with effect from 1 February 2014.

    Brown is a qualified Chartered Accountant. He served on the Board of Impala Platinum Holdings Limited at Chief Financial Officer from 1999 to 2006 and then as..
  • Tawana Resources discovers new high grade Itabirite at Mofe Creek

    2014-02-07
    Tawana Resources Nl has announced the discovery of new multiple high-grade coarse itabirite intersections over the Zaway prospect at its Mofe Creek iron ore Project in Liberia. 

    The company reports a successful drilling exploration on the parts of Mofe Creek project. Itabirite was drilled over a 2km strike length withsurfac..
  • Emu Nl releases quarterly report

    2014-02-07

    Emu Nl has released a report for the quarter ended 31 December 2013 for its 50% owned Superkolong diamond operation located in South Africa. 


    A total of 17 323 carats were sold during the quarter, with the sale of diamonds amounting to $1.96 million. The average price for each carat contin..
  • Lonmin Plc makes Directorate change

    2014-02-05
    Lonmin Plcs David Munro and Mahomed Seedat have retired from the Board of Directors.

    Both Directors did not stand for re-election during the companys Annual General meeting; as such they have been removed from the Board.

  • Coal of Africa releases operational update

    2014-02-05
    Coal of Africa Limited released its operational update for the quarter ended 31 December 2013 and reports significant progress on its strategic turnaround strategy.

    The company reports positive results from the coking coal tests undertaken by ArcelorMittal on coal supplied from Vele during the September 2013 quarter. 
  • Miranda Minerals cautionary announcement to shareholders

    2014-02-03
    Miranda Mineral Holdings Limited has warned shareholders to exercise caution when dealing with Miranda Mineral securities following the companys proposal to acquire Benicon Coal (Proprietary) Limited.

    Miranda and Mochiba Investments (Proprietary) Limited have formed a consortium which aims to acquire all the shares in Benicon Coal,..
  • Pan African Resources expects an increase in earnings

    2014-02-03
    Pan African Resources Plc released a trading statement for the six months period ended 31 December 2013.

    Using the average ZAR/ GBP exchange rate of 15.94, Earnings per Share and Headline Earnings per Share are expected to be between 27% - 34% higher than the that reported during the previous corresponding period.
  • Anglo American Plc releases quarterly production report

    2014-01-30
    Anglo American Plc has released a production report for the three month period ended 31 December 2013.

    The company reports production increases of 25%, 3% and 8% in Kumba Iron Ore, export metallurgical coal and export thermal coal respectively. 

    Group copper production ..
  • Sylvania Platinums production results

    2014-01-29
    Sylvania Platinum Limited has announced its results for the quarter ended 31 December 2013 from its operations in South Africa.

    The company reports the Platinum Group Metal (PGM) production total increased by 1.2% from 12 516 ounces, in the previo..
  • African Minerals production results

    2014-01-29
    African Minerals Limited has released a production update from its Tonkolili iron ore mine, in Sierra Leone, for the quarter and the full year periods ended 31 December 2014.

    The company reports an increase in both Q4 2013 and full year iron ore sale..
  • Aquarius Platinum's production results

    2014-01-29
    Aquarius Platinum Limited has release its production results for the quarter ended 31 December 2014.

    The company reported an increase in production of 1% quarter on quarter and a 7% increase when compared to the previous corresponding period.

    The average PGM basket price for the..
  • Tlou Energy provides an update on production testing program

    2014-01-28
    Tlou Energy Limited has given an update for its production testing programme conducted at the Lesedi Coalbed Methane (CBM) project in Botswana.

    The company reports that the Selemo and Lesedi pods continue to be dewatered and are advancing towards..
  • Aureus Mining announces Ndablama gold project results

    2014-01-28
    Aureus Mining Incorporated has announced the results of the first 10 diamond drill holes from phase four of the drilling programme at its Ndablama gold project located in Liberia.

    Best intercepts from the assay results include 3.0 grams per tonne..
  • Lonmin employees embark on a protected strike action

    2014-01-28
    Lonmin Plc has confirmed that the Association of Mineworkers and Construction Union (AMCU) has sent a notice of intention to strike.

    AMCU members will be taking part in a protected strike action. The company will however, apply the South African labour relations legislation principle of no work no pay. 
  • Vantage Goldfields releases quarterly report

    2014-01-28
    Vantage Goldfields Limited has released its financial and operational results for the quarter ended 31 December 2013.

    The company achieved a record gold production of 9 226 ounces, representing a 19% increase from the previous quarter. During the quarter, the company received an average gold pric..
  • East Africa Resources commences field exploration for gold

    2014-01-28
    East Africa Limited has commenced with field exploration at its wholly owned Datlaa gold project located in Tanzania.

    The artisanal workings conducted on the project reveal excellent gold potential, with major active workings extending greater tha..
  • Gold One receives acquisition payment

    2014-01-28
    Gold One International Limited has received payment of the compulsory acquisition by BCX Gold Investment Holdings Limited.

    The company received the total acquisition consideration from BCX Gold and it is being held in a trust for payment to shareholders. Shareholders will be paid AUD0.30 per Acquisition Share and otherwise on the te..
  • Impala Platinum updates on strike action

    2014-01-27
    Impala Platinum Holdings Limited has advised shareholders that the safe shutdown procedures at its mining and processing operations in the Rustenburg region have been implemented.

    The move to shut down operations followed the commencement of industrial action orchestrated by the Association of Mineworkers and Construction Union (AMC..
  • Great Western Minerals releases corporate update

    2014-01-23
    Great Western Minerals Group Limited received strong support from its bondholders regarding its decision to focus resources on the Steenkampskraal project in South Africa.

    71.5% of the outstanding bonds were represented at the special meeting of h..
  • Shanta Gold releases an updated JORC Resource

    2014-01-22
    Shanta Gold Limited has released an updated JORC compliant Mineral Resource estimate and Ore Reserve for its New Luika gold mine in Tanzania.

    The Indicated Mineral Resource increased by 9% to 692Koz, with an average grade of 5.5 g/t
  • Red Rock Resources to commence with Feasibility Study

    2014-01-22
    Red Rock Resources Plc has entered into an agreement with Applied Geology and Mining (Proprietary) Limited to commence a preliminary technical and economic assessment of the Nyanza gold deposit.

    The preliminary assessment constitutes the first stage ..
  • Amara Mining reports 86% increase in production

    2014-01-22
    Amara Mining Plc released its 2013 production results for the Kalsaka/Sega gold mine located in Burkina Faso.

    Full year production is reported to be 42 348 ounces of gold&l..
  • Sable Mining Africa makes Board changes

    2014-01-22
    Sable Mining Africa Limited has announced the appointment of James Cochrane, the resignation of Peet Snyders and the change in designation of Phil Edmonds.

    Cochrane has been appointed as Chairman of the Board with immediate effect. He is a highly experienced mining industry professional with a Bachelor Degree in Mining & Pet..
  • Kumba Iron Ore releases trading statement

    2014-01-22
    Kumba Iron Ore Limited is currently in the process of finalising its financial results for the full year period ended 31 December 2013.

    The company is expecting Headline Earnings and Basic Earnings for the period to be between R14 950 million and R15 750 million. Headline Earnings for the full year period ended 31 December 2012 was ..
  • BHP Billiton reports strong operational results

    2014-01-22
    BHP Billiton Plc has released an operational review for the six month period ended 31 December 2013.

    The company reports a strong operational performance for the period with record production achieved across 10 operations and three commodities. The full year production guidance for petroleum, copper, iron ore and coal have been main..
  • Atlatsa enters final phase of restructure plan

    2014-01-22
    Atlatsa Resources Corporation has advised shareholders that it has commenced the final stage of the companys restructure plan which was originally announced in March 2013.

    The final stage entails a series of transactions with Anglo American Platinum Limited, through its subsidiary Rustenburg Platinum Mines Limited. Following the co..
  • Cooper Energy releases quarterly report

    2014-01-20
    Cooper Energy has released its quarterly report for the three month period ended 31 December 2013.
     
    The company reports a record first half production and sales outcome with total production up 41% to 299kbbl and sales increasing by 54% to $37 million.

    For the quarter, sales reve..
  • Central Rand Gold publishes results of Open Offer

    2014-01-16
    Central Rand Gold Limited has reported that 7 396 783, or 38.53%, of the shares available through the companys recent Open Offer have been applied for by qualifying shareholders.

    The remaining 11 799 282 shares not applied for under the Open Offer will be taken up by Placees under the companys Placement and Subscription terms. A t..
  • Evraz Highveld release Q4 2013 operational results

    2014-01-16
    Evraz Highveld Steel and Vanadium Limited have announced its operational results for the three month period ended 31 December 2013.

    The company reports 161 203 tonnes of hot metal steel was produced in Q4 2013, an increase of 11% on the production total of Q3 2013 but an 8% decrease from the Q4 2012 production total.  163 6..
  • Wescoal releases cautionary announcement

    2014-01-16

    Wescoal Holdings Limited has released a cautionary announcement to shareholders regarding the Minoscape (Proprietary) Limited acquisition.

    The company is still preparing the financial effects of the Minoscape acquisition for publication, as such; shareholders are advised to continue ex..

  • Tony Cudmore to serve as President of Corporate Affairs at BHP Billiton

    2014-01-15
    BHP Billiton Plc has announced the appointment of Tony Cudmore as President of the companys Corporate Affairs, effective from 3 March 2014.

    Cudmore worked at Exxon Mobil Corporation between 2001 and 2012 where his roles included Corporate Public Affairs Manager, Media Relations Manager, as well as leading the International Corporat..
  • Beacon Hill Resources issues shares following exercise of conversion rights

    2014-01-15
    Beacon Hill Resources Plc has received a notice of exercise to convert 320 000 of Darwin Strategic Limiteds convertible loan note into ordinary shares.
     
    30 698 388 ordinary shares are to be issued and an application has been made to allow the conversion shares, which rank pari passu with existing ordinary shares, to  be ad..
  • Minerals Corporation announces share placement

    2014-01-14
    Minerals Corporation Limited has opened a share placement for 250 000 000 shares at $0.0025 per share with the aim of raising $625 000.

    Once funds from the placement have been received and settled, the company will issue 165 000 000 shares and the remaining 85 000 000 will be subject to shareholder approval.
    &l..
  • Lucapa Diamonds BLK_18 bulk sample reveals more diamonds

    2014-01-14
    Lucapa Diamond Company Limited reports an additional 32 diamonds, weighing 25.35 carats, have been recovered following the processing of an additional 410 cubic metres of gravel from the BLK_18 bulk sample taken at the Lulo project in Angola.

    As at 10 January 2014 the company has processed a total of  1 145 cubic metres fro..
  • Discovery Metals to restructure Boseto copper project

    2014-01-14
    Discovery Metals Limited has announced its plans to restructure its wholly owned Boseto copper project in Botswana.

    The company has been implementing restructuring programmes across all its operations with the aim of improving cost competitivenes..
  • Non-Executive Director resigns from Globe Metals Board

    2014-01-14
    Globe Metals and Mining Limiteds Non-Executive Director, Peter Stephens, has resigned from his position on the Board, effective immediately.

    Stephens holds a Bachelor of Business (Accounting) and a Master of Business Administration from Royal Melbourne Institute of Technology and University of Melbourne respectively. He has 30 year..
  • Sula Iron & Gold issues shares

    2014-01-13
    Sula Iron & Gold Plc has issued 1 650 000 new ordinary shares at 1 pence each.

    The issue of equity follows the exercise of 1 650 000 warrants granted in October 2013. Sula Iron & Gold received valid notices of exercise as well as funds of 49 500 which represent the exercise price of 3 pence per share.
    <..
  • Rockwell Diamonds releases Q3 2013 results

    2014-01-10
    Rockwell Diamonds Incorporated has announced its results for the three month period ended 30 November 2013.

    The company is pleased to report a 35% year-on-year increase in revenue to CAD11.9 million, CAD11.2 million of which is attributed to diamond sales while the remaining CAD0.6 million is beneficiation income.
  • Kasbah Resources extends Western Zone Shallow at Achmmach

    2014-01-10
    Kasbah Resources Limited has announced that additional drilling carried out on the Western Zone Shallow, at the Achmmach operations, has extended the mineralisation along strike and down dip of the current resource model.

    13 diamond holes were drilled, totaling 1 420 metres, testing a further 90 metres of strike and approximately 40..
  • Tiger Resources updates on activities at Kipoi copper project

    2014-01-10
    Tiger Resources Limited has released an update regarding the heap leach commissioning activities at its Kipoi copper project located in the Democratic Republic of Congo.

    The activities are for the stage 2 Solvent-Extraction and Electro-Winning (S..
  • Shanta Gold releases Q4 2013 production update

    2014-01-09
    Shanta Gold Limited has released its production results for the Q4 2013 and the full year ended 31 December 2013 from its New Luika gold mine in Tanzania.

    The company estimates a total of 391 892 tonnes of ore were milled during the full year peri..
  • Goliath Gold restates Headline Earnings and releases trading statement

    2014-01-09
    Goliath Gold Mining Limited has advised shareholders that an error has been identified in the assumptions used to calculate the BEE charge for the year ended 31 December 2012.

    Adjusting for the error, the Headline Loss per Share for the full year period ended 31 December 2012 is 43.9cents, representing a 56.8% discrepancy on the fig..
  • Goldplat appoints Chief Operating Officer

    2014-01-09
    Goldplat Plc has announced the appointment of current Executive Director, Hansie van Vreden, as the companys new Chief Operating Officer with immediate effect.

    van Vredens appointment follows the retirement of Robert Pitts Smith which was announced in September 2013 and took effect on 31 December 2013.
  • Caledonia Mining declares first quarterly dividend

    2014-01-08
    Caledonia Mining Corporation has declared a dividend of CAD0.015 for each common share currently in issue.

    Shareholders of Caledonia Mining living in the US and UK will be paid in US Dollars and Sterling respectively. These payments will be calculated using the exchange rate determined by the Bank of Canada as at 22 January 2014.<..
  • Sable Platinum renews cautionary announcement

    2014-01-06
    Sable Platinum Limited has renewed a cautionary announcement that was originally released in April 2013.

    The company is currently engaged in negotiations to conclude the formal written agreement regarding the proposed share acquisition with Global Initiatives (Proprietary) Limited, however, the parties have not yet reached a consens..
  • Wits Gold renews cautionary announcement

    2014-01-06
    Witwatersrand Consolidated Gold Resources Limited has renewed its cautionary announcement to shareholders regarding its offer to acquire Southgold Exploration (Proprietary) Limited.

    The company is still in the process of negotiating the terms of the proposed acquisition, which is expected to have a material effect on the price of Wi..
  • Northam Platinum updates on Zondereinde strike

    2014-01-06
    Northam Platinum Limited has advised shareholders that it continues to seek an additional meeting with the leadership of the National Union of Mineworkers (NUM) under the guidance of the Commission for Conciliation, Mediation and Arbitration.

    The company wishes to resolve the strike action that is currently taking place at its Zonde..
  • Kibaran Resources begins Environmental and Social Impact Assessment

    2014-01-06
    Kibaran Resources Limited has commenced with the Environmental and Social Impact Assessment (ESIA) at its Epanko graphite project located in Tanzania.

    The project is in the process of being registered with the National Environmental Management Cou..
  • Chairman of Globe Metals and Mining resigns

    2014-01-06
    Globe Metals and Mining Limiteds Shao Yi, has resigned as Chairman of the company, effective immediately.

    Yi is an economist with significant experience in the resources, transportation and industrial sectors. He chairs a number of Boards including East China Non-Ferrous Investment Holding Corporation, Australia ECE Nolans Investme..
  • Peak Resources extends closing date of entitlement issue

    2014-01-06
    Peak Resources Limited has extended the closing date for its current non-renounceable entitlement issue.

    In December 2013, Peak Resources offered a non-renounceable entitlement issue of approximately 55 111 377 fully paid ordinary shares and has extended the closing date from 13 January 2014 to 20 January 2014. The offer was for one..
  • Oando disposes of East Horizon Gas Company

    2014-01-03
    Oando Plc has advised shareholders that it has executed a Share Purchase Agreement with Seven Energy International Limited.

    The Share Purchase Agreement is for the entire issued share capital of Oandos wholly owned subsidiary, East Horizon Gas Company Limited, for a total purchase consideration of $250 million.
  • Sula Iron & Gold appoints a Non-Executive Technical Director

    2014-01-02

    Sula Iron & Gold Plc has announced the appointment of Andrew Dacey as Non-Executive Technical Director with immediate effect.


    Dacey is a geologist and mining analyst with over 18 years in the mining industry. The addition of Dacey to the Board s..

  • Forbes Coal secures $19 million funding package

    2014-01-02
    Forbes & Manhattan Coal Corporation has secured a funding package from Resource Capital Fund V L.P, comprising of a bridge loan and a convertible loan, totaling $19 million.

    The bridge loan amounts to $4 million and is to be put toward general working capital requirements of the companys Dundee operations in
  • Wesizwe finalises definitive funding for its Bakubung Platinum mine

    2014-01-02
    In January 2013, Wesizwe Platinum Limited announced that China Development Bank had granted the company a $650 million loan facility for the Bakubung Platinum mine in South Africa.

    The loan was subject to certain conditions which have now been met..
  • Resource Generation secures an infrastructure loan

    2014-01-02
    Resources Generation Limited has secured a $65 million loan facility from Noble Resources International (Proprietary) Limited.

    The loan will be used to develop the mine buildings and infrastructure required at the companys Boikarabelo coal mine in &..
  • Nkwe Platinum updates on strategic partnership with Zijin Mining Group

    2014-01-02
    Nkwe Platinum Limited has announced that Zijin Mining Group Limited intends to make a further investment in the company through its subsidiary, Jin Jiang Mining Limited.

    The decision to invest further followed the completion of the first tranche of the convertible bond transaction between the two parties. The additional investment w..
  • Sable Mining Africa releases interim results

    2013-12-27
    Sable Mining Africa Ltd has announced its results for the six month period ended 30 September 2013.

    The company focused on the rapid development Nimba iron ore project, in Guinea, which is a high grade, high margin and low capital expenditure prospect. Drilling at the prospect is on-going to further define and test the resource exte..
  • West African Minerals releases interim results

    2013-12-27
    West African Minerals Corporation has released its unaudited consolidated interim financial statements and operational results for the six months ended 30 September 2013.

    During the six month period the company confirmed mineralisation at five target areas at the South Djadom prospect in Cameroon. Two blocks were drilled in detail a..
  • Tlou Energy successfully raises AUD13.4 million

    2013-12-27
    Tlou Energy has announced the completion of the retail component of its 1 for 4 accelerated non-renounceable entitlement offer.

    The retail component raised approximately AUD4.8 million while the placement and institutional components, completed on 6 December 2013, raised an estimated AUD8.6 million. The total AUD13.4 million raised ..
  • Stonewall Resources places 20 000 000 shares

    2013-12-27
    Stonewall Resources has announced the successful completion of a 20 000 000 share placement to a sophisticated investor at an issue price of $0.20 per share.

    The funds raised will be put toward the companys general working capital requirements and the working capital requirements of its subsidiary, Stonewall Mining Ltd, until the t..
  • Birimian Gold confirms Kondji gold strike continuation

    2013-12-27
    Birimian Gold Limited has received the final results from the recent Reverse Circulation drilling programme carried out at its Massigui gold project in Mali.

    The company reports that additional gold zones were intersected at shallow depths at the Kondji prospect, which confirms the continuation of the strike.
    &..
  • ZCI releases a trading statement

    2013-12-27
    ZCI Limited has released a trading statement for the six month period ended 30 September 2013.

    The company expects a minimum loss per share of 11.54 (U.S) cents, which is an increase from the loss per share in the previous corresponding period of 5.24 cents.
  • Jubilee secures funding for Middleburg operations

    2013-12-24
    Jubilee Platinum Plc has conditionally placed convertible loan notes to Darwin Strategic Ltd.

    The total principal par value amounts to 1.85 million before expenses. The company plans to utilise the proceeds to fund the commissioning of the 3rd ARC furnace at the Middleburg Smelters, in
  • Kibo Mining updates on Haneti nickel project

    2013-12-23
    Kibo Mining has received the results from its soil sampling programmes at its 100% owned Haneti nickel project in Tanzania.&nbs..
  • Avocet Mining announces changes to the Board

    2013-12-23
    Avocet Mining Limited has advised shareholders of the intention of Nol Harwerth to resign from the Board and Robert Pilkingtons intention to step down from his position.

    Harwerth is the current Chair of the Remuneration Committee. Her decision to resign is in order for her to avoid any potential conflict of interests with other di..
  • Stratex recommences drilling at the Tembo gold project

    2013-12-23
    Stratex International Plc has announced that following the finalisation of the first non-brokered tranche of equity financing in Tembo Gold Corporation, drilling at the Tembo gold project in Tanzania has recommenced.

    ..
  • Premier African Minerals announces issue of equity

    2013-12-23
    Premier African Minerals Limited has issued 2 013 405 new ordinary shares of no par value to Brendan Ross as outlined in the 2012 Share Option Plan.

    The new shares will rank pari passu with the existing ordinary shares. The company has applied for the new shares to be admitted to trading on the AIM on 27 December 2013.
    &l..
  • Resolute Mining provides an update from its Syama gold project

    2013-12-20
    Resolute Mining Limited has made improvements to the operational and developmental capital management plans for its Syama open pit gold mine located in Mali.

    The c..
  • Lucapa Diamonds recovers additional diamonds in Angola

    2013-12-20
    Lucapa Diamond Company Limited has recovered additional diamonds from its newly operational Dense Media Separation diamond plant in Angola.

    A commissioning sample taken from BLK_18 and is currently being treated at the recently commissioned plant. 26 diamond..
  • Kogi Iron includes phosphorous bioleaching in its process plant

    2013-12-20
    Kogi Iron Limited has incorporated the use of phosphorous bioleaching in its design for the process plant located at its Agbaja iron ore project in Nigeria.

    The P..
  • Blackthorn Resources releases assay results from Mumbwa

    2013-12-20
    Blackthorn Resources Limited has received the assay results for three Orion 3D IP target drill holes from its Mumbwa project, located in Zambia.

    One of the target drill holes was reported to have intersected hypogene sulphides in syenites and metasediments. The company reports the best copper intersects to be 12 metres at 0.55% copp..
  • Resource Generation provides Blumont placement update

    2013-12-20
    Resource Generation Limited has been engaged in discussions with Blumont Group Limited since 5 December 2013, following Blumont Group missing the share placement payment deadline.

    Resource Generation had issued 102 596 530 shares at a price of 22 cents each to Blumont Group. The cash consideration for the share placement totaled $22..
  • Glencore Xstrata increases indirect equity interest in Mutanda

    2013-12-20
    Glencore Xstrata Plc has acquired the remaining 14.5% indirect equity interest in Mutanda Mining Sarl which is held by High Grade Minerals S.A. for a total cash consideration of $430 million.
     
    This brings the companys indirect equity interest in Mutanda to 69%. The remaining 31% is held by a subsidiary of Fleurette Properties Limite..
  • Centamin updates its Resource and Reserve Statement

    2013-12-18
    Centamin Plc has announced that its Resources and Reserves at the Sukari gold mine, in Egypt, have been updated.

    The company reported total Measured and Indicated Resource amounting to 13.4 Moz, up from 13.1 Moz, with 12.6 Moz being the open pit resource and 0.8 Moz being the underground resource.

    <..
  • Aureus Mining signs project finance loan facility agreement

    2013-12-18
    Aureus Mining Incorporated has signed a $88 million project finance loan facility agreement with South African banks Nedbank Limited and Rand Merchant Bank. In addition, the company has signed a $12 million subordinated loan facility agreement with RMB Resources.

    The loan facilities will be used to finance the development of the New..
  • Paragon Diamonds signs Memorandum of Understanding with Lucara Diamonds

    2013-12-18
    Paragon Diamonds Limiteds 85% owned subsidiary, Meso Diamonds, has signed a Memorandum of Understanding with Lucara Diamond Corporations subsidiary, Mothae Diamonds. Through the Memorandum of Understanding Meso Diamonds will acquire Mothae Diamonds kimberlite processing and diamond recovery plant in L..
  • Stellar Diamonds raises 0.31 million

    2013-12-18
    Stellar Diamonds Plc has raised 0.31 million, before expenses, through a subscription of 28 628 545 new ordinary shares at a price of 1.1 pence each.

    Investors who participated in the subscription have also been issued with warrants to subscribe for 28 628 545 new ordinary shares at a price of 1.1 pence per share. The warrants will..
  • Kibo Mining provides an update from its Haneti project

    2013-12-18
    Kibo Mining Plc has completed soil geochemistry and mapping on the main targets of its Haneti exploration project in Tanzania.

    The company reports having completed its main objective, of confirming and expanding known targets at the project, ahead..
  • Kumba Iron Ore releases trading statement

    2013-12-18
    Kumba Iron Ore Limited has released its trading statement for the twelve months ended 31 December 2013.

    The company expects its Headline Earnings and Basic Earnings for the period to be 20% higher than that recorded for the twelve months ended 31 December 2012.

    Headline Earnings..
  • Village Main Reef appoints Lead Independent Director

    2013-12-18
    Village Main Reef Limited has appointed Khetiwe McClain, currently an independent Non-Executive Director of the company, as Lead Independent Director effective immediately.

    Khetiwe McClain holds a BA degree in Fine Arts; she was previously the CEO and Executive Chairperson of state-owned diamond mine Alexkor Limited, in South Africa..
  • Minbos close to completing financing arrangements

    2013-12-17
    Minbos Resources Limited has announced that it is close to completing financing arrangements to raise an additional $300 000 through the issuance of convertible notes to a collection of sophisticated investors.

    The convertible notes are being issued under an $800 000 facility, $500 000 of which has already been advanced to the compa..
  • Metals Finances Company Secretary resigns

    2013-12-17
    Metals Finance Limited has announced the resignation of joint Company Secretary, Arno de Vos.

    Arno has held the position of Company Secretary since May 2009. Ian Morgan will continue on in his capacity as Company Secretary. 

    The Board wishes to thank Arno for his contri..
  • Nkwe Platinum and Zijin Mining update on strategic partnership

    2013-12-17
    Nkwe Platinum Limited and Zijin Mining Group Limited are currently engaged in a strategic partnership for the purpose of developing Nkwe Platinums Platinum Group Metals (PGM) assets in South Africa.

    Zijin Mining agreed to invest AUD20 million in ..
  • Discovery Africa releases Namibian drilling schedule

    2013-12-17
    Discovery Africa Limited has released a timetable relating to the commencement of drilling activities at the Area 51 graphite project in Namibia

    The company is set to establish the drill site by 18 January 2014, commence drilling on 20..
  • Sibanye Gold refinances its Bridging Loan Facility

    2013-12-17
    Sibanye Gold Limited has announced that, through a syndicate of seven banks, it has managed to refinance its existing Bridge Loan Facility.

    The newly financed facility is 1.33 times oversubscribed and is more favourable to the company than the previous Bridge Loan Facility. The facility totals R4.5 billion comprising of R2.5 billion..
  • Bushveld Minerals exercises share warrants

    2013-12-15

    Bushveld Minerals Limited has announced that it will be exercising 720 000 warrants into ordinary shares.

  • Delrand Resources updates on diamond exploration activities

    2013-12-10
    Delrand Resources Limited has given an update on its diamond exploration activities in the Democratic Republic of Congo.

    The company reports having identified and..
  • Thabo Mosololi to serve Pan Africans Board

    2013-12-10
    Pan African Resources Plc has appointed Thabo Mosololi as an Independent Non-Executive Director, effective immediately.

    Mosololi holds a Bachelor of Commerce degree from the University of the Western Cape, a diploma in Project Management from Damelin College and completed the Management Advancement Programme in 1999 and Executive De..
  • Quest Minerals appoints an Alternate Director

    2013-12-09

    Quest Minerals Limited has appointed Stuart Third as an Alternate Director to Paul Piercy.


    Piercy will not be contactable over the next upcoming period as he will be overseas and travelling in remote areas.

  • Jubilee Platinum releases operational update

    2013-12-09
    Jubilee Platinum Limited released its operational and unaudited financial update for the third quarter of 2013 from its Jubilee Smelting and Refining smelter operations.

    The company reports a revenue increase of 43% during Q3 2013 compared to Q3 2012. The gross profit during Q3 2013 increased by 89% when compared to Q3 2012 and gr..
  • Goldplat makes changes to the Board

    2013-12-09
    Goldplat Plc has appointed Hansie van Vreden as an Executive Director of the Board, with immediate effect.

    van Vreden holds a Bachelors degree in Engineering from the University of Stellenbosch and is an experienced metallurgist with over 15 years in the mining industry. He is currently the Managing Director of Goldplat's gold ..
  • Syrah Resources reports assay results from infill diamond drilling

    2013-12-06

    Syrah Resources Limited has announced infill drill assay results from its Balama West graphite project located in Mozambique.


  • DRDGOLD appoints a new Chief Financial Officer

    2013-12-06

    DRDGOLD Limited has appointed Francois van der Westhuizen as Chief Financial Officer and Executive Director, effective from 1 January 2013.


  • Chrysalis Resources appoints Company Secretary

    2013-12-05

    Chrysalis Resources Limited appointed Kevin Hart as Company Secretary, following the resignation of Michael Griffiths.


  • Kibo Mining completes Imweru drill programme

    2013-12-05
    Kibo Mining Plc has announced the completion of the drill programme at its Imweru prospect, in Tanzania, ahead of schedule, within budget and with a 100% safety record.

    The company is pleased with its operational performance on the Imweru drill programme, which was divided into two phases. The results from phase 1 are expected to be..
  • Bushveld Minerals releases results

    2013-12-04
    Bushveld Minerals Limited has released its interim results for the six months ended 31 August 2013.

    The Bushveld iron ore projects, in South Africa, are delineated into two deposits, the titanium rich P-Q Zone deposit and the vanadium-rich MML dep..
  • Obtala Resources appoints a new Director

    2013-12-03
    Obtala Resources Limited appointed Jean Franois du Lac as a Non-Executive Director, effective immediately.

    du Lac holds a Masters degree in Economics and a MBA. He has over 25 years work experience in Africa mainly in agriculture and distribution holding senior management positions. du Lac has established and managed dealerships in..
  • Baobab Resources releases Changara project update

    2013-12-03

    Hummingbird Resources Plc has released an interim Mineral Resources Estimate update from the Tuzon deposit at the companys Dugbe 1 project, located in Liberia.


    The company..

  • Hummingbird Resources updates interim Mineral Resource Estimate

    2013-12-03

    Hummingbird Resources Plc has released an interim Mineral Resources Estimate update from the 

  • Chrometco releases interim results

    2013-12-02
    Chrometco Limited released its interim consolidated financial results for the six months ended 31 August 2013.

    During the reporting period, Chrometco focused on the completion of the consolidation of the mining rights for Platinum Group Metals (PMG) on the remainder portion with the groups existing new order mining right for chrome..
  • Miranda Minerals releases its provisional results

    2013-12-02
    Miranda Mineral Holdings Limited has released its condensed reviewed provisional results for the year ended 31 August 2013.

    The company reports its Net Asset Value per Share for the period under review amounted to 5.56 cents per share which is an improvement from the -1.85 cents per share for the same period of 2012. Net tangible as..
  • MOD Resources to commence drilling

    2013-12-02
    MOD Resources Limited announced that a drilling programme will commence next month on the new priority areas identified within the companys extensive holdings on the Kalahari Copper Belt in Botswana.

    Drilling is planned to test two targets, the ..
  • Kogi Iron completes mine design for Scoping Study

    2013-11-29
    Kogi Iron Limited has identified a viable location for a processing plant and completed the conceptual designs for two mine areas for its Agbaja iron ore project in Nigeria.

    The two mine areas have an average strip ratio estimated at 0.72:1 which..
  • Kenmare Resources Wet Concentrator Plant A returns to full production

    2013-11-29

    Kenmare Resources Plc has announced that following the completion of repairs to machinery, the companys Wet Concentrator Plant A, located at its Moma mine in Mozambique, has returned to full production capability.

  • Lonmin Directors retire

    2013-11-28
    Lonmin Plc Directors, David Munro and Mahomed Seedat, have given notice that they will not seek re-election to the companys Board at the Annual General Meeting, which is scheduled to be held on 30 January 2014.

    Consequently, both will cease to be Directors of the company following the conclusion of the meeting. Currently there is n..
  • Nevsun Resources completes drilling program

    2013-11-27
    Nevsun Resources Limited has completed the eight hole 2 713 meter in-fill drilling program at the Hambok poly-metallic massive sulphide deposit in Eritrea.

    The drilling has confirmed continuity and consistency of massive sulphide mineralisation a..
  • Aureus Mining appoints DRA Mineral Projects to deliver EPCM services

    2013-11-27
    Aureus Mining Incorporated has appointed DRA Mineral Projects to provide engineering, procurement, construction and management (EPCM) services for the construction of the New Liberty gold mine in Liberia.

    DRA Mineral Projects has a long history o..
  • Roxgold releases financial results

    2013-11-27
    Roxgold Incorporated has released its financial results for the three and nine months ended 30 September 2013.

    On 1 August 2013, the company completed a private placement financing deal whereby 25 625 000 common shares were issued at a price of $0.40 per share and a total of $10 250 000 gross proceeds were raised.
  • Miranda Mineral appoints an Alternative Director

    2013-11-27
    Miranda Mineral Holdings Limited has appointed John Bristow as an Alternative Director to Rudolph de Bruin, a Non-Executive Director, with effect from 19 November 2013.

    Bristow holds a PhD in Geochemistry and has more than 20 years experience in exploration, development, project and corporate finance and management in the mining sec..
  • Kaboko completes RC drilling program

    2013-11-26
    Kaboko Mining Limited has released drilling results from its Peco manganese mine located in Zambia.

    The Reverse Circulation drilling program was completed, with a total of 2 760 metres drilled in 32 holes. The results confirm significant visible i..
  • Cooper Energy appoints joint Company Secretary

    2013-11-26

    Cooper Energy Limited has appointed current Chief Financial Officer, Jason de Ross, as a Joint Company Secretary.


  • Uranex requests voluntary suspension

    2013-11-26

    Uranex Limited has requested an immediate suspension of its securities on the Australian Securities Exchange Board.


  • Firestone Diamonds receives debt finance facility for Lesotho project

    2013-11-26

    Firestone Diamonds Plc has announced that Absa Bank Limited has received approval, from its credit committee, to provide the company with a debt finance facility for up to $82.4 million.


  • Sable Platinum has released a trading statement

    2013-11-26
    Sable Platinum Limited has released its trading statement for the six months ended 31 August 2013.

    The group expects both the loss per share and the headline loss per share to be between 65% and 85% lower than the previous corresponding period, signaling an improvement in performance.

    <..
  • Hodges updates on export coal developments

    2013-11-25
    Hodges Resources Limited has announced that it is set to benefit from coal export development in Botswana.

    The government of Botswana is working closely with the Botswana Chamber of Mines to develop ways of increasing coal export volumes.
  • East Africa Resources makes changes to the Board

    2013-11-25
    East Africa Resources Limited announced the appointment of Robert Kirtlan and Mike Griffiths to the companys Board, effective immediately.

    Kirtlan has over 20 years of company management experience, with a background in finance and management. He spent over seven years in global mining investment banking in Australia and held a spe..
  • Beacon Hill Resources updates on rail logistics

    2013-11-22
    Beacon Hill Resources Plc released an update on rail logistics at its Minas Moatize coal mine in Mozambique.

    The maiden test train has arrived into the newly built Tete coal loading facility. The company reports that the five new 2 240 kW diesel locomotives are on track to be completed by the scheduled deadline, being the end of Nov..
  • GoldStone Resources releases operational results

    2013-11-21
    GoldStone Resources Limited has published its operational results for the six months ended 31 August 2013.

    The company reports having identified four new regional targets at the Sangola license in Senegal. The project is run jointly with Randgold Resources Limited. Of the total 8 targets identified, 6 are currently under investigati..
  • Ncondezi Energy upgrades its coal resource

    2013-11-20
    Ncondezi Energy Limited has announced the upgrade of its coal resources classification for its coal mine in Mozambique.

    The mine has been classified as a Measured Resource of 120Mt. The upgrade followed after the completion of an infill drilling programme where an additional 33 cored boreholes were drilled.
    <..
  • Savannah Resources completes initial drilling at its Jangamo project

    2013-11-20
    Savannah Resources Plc reports to have completed the first drilling programme at its 80% owned Jangamo heavy mineral sands project located in Mozambique.
     
    A total of 1 812 metres of Reverse Circulation drilling was completed on 27 holes to assess the prospectivity of the key dunal systems within the project area.
  • Gold Fields releases Q3 2013 results

    2013-11-20
    Gold Fields Limited has reported on its financial and operational results for the quarter ended 30 September 2013.

    Gold production increased during the quarter by 10% to 496 000 gold equivalent attributable ounces.
    The company managed to reduce its total cash cost by 10% to $772/ounce and notional cash expendit..
  • Kibo Mining updates on Tanzanian operations

    2013-11-20
    Kibo Mining Plc has provided an update regarding exploration activities at its Rukwa and Imweru projects in Tanzania.

    The company reports having completed a topographical survey of boreholes on the Rukwa Coal Resource. The new Resource Statement f..
  • Hummingbird appoints Endeavour Financial for Debt financing mandate

    2013-11-20
    Hummingbird Resources plc has appointed Endeavour Financial to assist in arranging the Project Finance Debt Facility for its Dugbe 1 Project located in Liberia.

    Endeavour will identify and help implement various financing options for the Company..
  • Zyl announces changes to the Board

    2013-11-19
    Zyl Limited has appointed John Arbuckle to the Board in the capacity of a Non-Executive Director.

    Arbuckle currently serves as a Director on the Boards of other ASX-listed companies. He is a certified and practicing Accountant with over 20 years experience.

    Zyl further reports t..
  • Blackthorn Resources provides Mumbwa project update

    2013-11-19
    Blackthorn Resources has released assay results from drill holes KITDD_038 and extensions S36_026 and S36_028. 

    KITDD_034 is located at the companys Kitumba deposit at the Mumbwa project in Zambia. The drill hole returned a result of 58 ..
  • Uranex gives an update on Nachu graphite project

    2013-11-19
    Uranex Limited has given an update of the Reverse Circulation (RC) drilling programme at its wholly owned Nachu graphite project located in Tanzania.

    The company reports a further 14 holes have been drilled and mineralisation was discovered in eac..
  • Palabora Minings Director resigns

    2013-11-18
    Palabora Mining Company Limiteds Director, Abel Malinga, has resigned from the company with effect from 13 November 2013.

    Malinga holds a BSc degree from the University of Cape Town (UCT) and a Masters Degree in Business Leadership from UNISA. He has been involved in project development and funding in the resources and agricultural..
  • Keaton Energy expects an increase in EPS and HEPS

    2013-11-18
    Keaton Energy Holding Limited has released its results for the six months ended 30 September 2013.

    The companys basic Earnings per Share and Headline Earnings per Share are expected to be between 18 cents and 21 cents for the period under review.  The company expects an increase in earnings relative to those reported durin..
  • Firestone Energy makes changes to the Board

    2013-11-15
    Firestone Energy Limited has announced the retirement of Tim Tebeila from the position of Chairman and Non-Executive Director of the Company, effective from 1 November 2013.     

    Tebeila has been Chairman of the company since December 2011 and oversaw the recent reorganisation of the company and the Defini..
  • Wits Gold cautions shareholders

    2013-11-15
    Witwatersrand Consolidated Gold Resources Limited (Wits Gold) renewed a cautionary announcement to its shareholders regarding the offer by Wits Gold for the acquisition of South Gold Exploration (Pty) Ltd. 

    The company reports that definitive transaction agreements relating to the offer by Wits Gold to acquire Southgold Exp..
  • Hummingbird receives funding

    2013-11-13
    Hummingbird Resources plc has received grant support for its Detailed Feasibility Study and Front End Engineering and Design conducted by MDM Engineering. 

    MDM Engineering, appointed as lead consultants, received approval from the South African Department of Trade and Industry for a grant to support MDMS consultancy work i..
  • Wesizwe Platinums Africa Wide to dilute shareholding

    2013-11-13
    Wesizwe Platinum Limited has given an update regarding its subsidiarys investment in the Maseve project.

    Africa Wide Mineral Prospecting and Exploration (Pty) Ltd, a subsidiary of Wesizwe, holds a 26% interest in Maseve Investments 11 (Pty) Ltd.

    Wesizwe announced earlier that i..
  • Elemental Minerals provides update of the Dingyi Offer

    2013-11-12
    Elemental Minerals Limited has advised that Dingyi Group Limited has extended the closing date of the Dingyi off-market takeover offer.

    The Dingyi offer remains conditional upon, amongst other conditions, Dingyi obtaining the agreement of its shareholders.

    Shareholder approval i..
  • Aureus Mining reports maiden resources

    2013-11-12
    Aureus Mining Inc has announced maiden resources that exceed 600 000 ounces for its 100% owned Ndablama and Weaju gold projects located in Liberia.

    Ndablama and Weaju are located in the Company's 100% owned, Bea Mountain Mining license in &l..
  • Aquila Resources Director resigns

    2013-11-12
    Aquila Resources Limited has advised of the resignation and appointment of Charles Bass and Tim Netscher respectively.

    Bass resigned from his positions as Non-Executive Director, which he assumed in March 2000.
    Commenting on his resignation, Bass said,Aquila has a great portfolio of assets and is well funded. ..
  • Infrasors appoints a new Company Secretary

    2013-11-12
    Infrasors Holdings Limited has appointed  Mariette Swart as the new Company Secretary with effect from 8 November 2013.

    Swarts appointment follows the resignation of Infrasors Company Secretary, Pieter Gabriel de Wit. His resignation is due to an appointment into an Executive operational position within the Afrimat Limited..
  • Centamin releases Q3 results

    2013-11-11
    Centamin Plc released its results for the third quarter ended 30 September 2013.

    The company reported a 43% decrease from Q2 2013 (51% decrease year-on-year) in basic earnings per share,  to 2.72 cents.  EBITDA decreased by 32% in Q2 2013, and by 36% year-on-year, to $43.1 million.

    &..
  • Strategic Natural Resources receives short term funding facility

    2013-11-11
    Strategic Natural Resources, through its 74% owned subsidiary, Elitheni Coal Limited, has been offered a short term funding facility.

    Rapidtrade 644 (Pty) Ltd, a Black Economic Empowerment partner and 20% shareholder, has agreed to lend Elitheni R15 000 000. 

    The loan w..
  • Bushveld Minerals Makes changes to the Board

    2013-11-07
    Bushveld Minerals limited has made changes to the Board of Directors of its 54.36% owned subsidiary Lemur Resources.

    Anthony Viljoen has been appointed as Chief Executive Officer with immediate effect and Jonathan Murray as a Non-Executive Director of Lemur. 

    The manage..
  • Jozsef Patarica of Bassari Resources continues in his role

    2013-11-07
    Bassari Resources Limiteds Chief Executive Officer, Jozsef Patarica, will continue in his role on the companys Board while awaiting the finalisation of his Executive Services Agreement.

    Patarica resigned in May 2013 pursuant to his Executive Services Agreement providing three months notice of his resignation.
  • Tlou Energy provides an update from its Karoo Central project

    2013-11-05
    Tlou Energy Limited has announced that drilling on the Lesedi 1A horizontal in-seam section of its Karoo Central project, in Botswana, is progressing well.

    The company further reports that surface infrastructure at the Selemo Pilot Pod is expected to be completed this week. Following its completion further testing can be carried out..
  • Ferrum Crescent signs a conditional letter of intent

    2013-11-05
    Ferrum Crescent Limited has released its quarterly results for the three month period ended 30 September 2013.

    During the reporting period, Ferrum Crescent signed a Letter of Intent with Anvwar Asian Investment to progress the Moonlight iron ore projects Bankable Feasibility Study.

  • Afarak releases updated Resources and Reserves statement

    2013-11-05
    Afarak Group Plc has released an updated Resource and Reserves Statement for its assets in South Africa.

    The company reports an increase in its total chrome ore resource from 38.5 million tonnes to 61.3 million tonnes with an average chrome oxide grade of 36.71%. Current chrome ore reserves total 8.4 million tonnes an average grade ..
  • Wescoal releases interim results

    2013-11-05

    Wescoal Holdings has released its unaudited condensed consolidated interim results for the six months ended 30 September 2013.


    Highlights for the results include an increase in revenue of 32.5% and a 74.9% increase in EBITDA from R27.8 million to R48.9 million..

  • Palabora Mining makes changes to the Board

    2013-11-04
    Palabora Mining Company Limited has appointed Jinghua Han as an Executive Director and Chief Executive Officer of the company and Katinka Schumann as a Non-Executive Director of the company, both effective from 1 November 2013.

    Han has an MBA degree from the Beijing University of Communications. Han majored in Industrial Electricty ..
  • Resource estimate update underway at Blackthorn Resources Kitumba project

    2013-11-04
    Blackthorn Resources Limited has released the final assay results from the KITDD_037 drill hole at its Kitumba copper project located in Zambia.

    The results, which returned 186 metres at 2.25% copper from 221 metres to 407 metres including 77 metr..
  • Anglo American Platinum makes changes to the Board

    2013-11-01
    Anglo American Platinum Limiteds Independent Non-Executive Director, Bongani Khumalo, will be stepping down from the companys Board as he reaches retirement age, effective from 31 December 2013.

    Khumalo was appointed Director of the company in 2002. He is founding President of the South African Men's Forum and serves the Boar..
  • Bushveld Minerals South African operations update

    2013-11-01
    Bushveld Minerals Limited has released an operations update from its Bushveld iron ore and Marble Hall tin projects in South Africa.

    The company reported a 67% increase in the total strike length of mineralisation in the P-Q zone at its Bushveld i..
  • Ivanhoe Mines reports ongoing dewatering

    2013-10-31
    Ivanhoe Mines reported an ongoing dewatering at its 68% owned historic Kipushi mine in the Democratic Republic of Congo.

    The dewatering is now 76% complete and is progressing towards the companys initial objective of restoring underground access..
  • IMX Resources releases assay results

    2013-10-31
    IMX Resources Limited released the assay results of five drill holes at the Ntaka Hill nickel sulphide project located in Tanzania.

    The results demonstrated extensions of the Sleeping Giant and Zeppelin deposits, which are now connected and remain op..
  • Equatorial Resources releases drilling results from Badondo

    2013-10-31
    Equatorial Resources Limited has released drilling results from its 100% owned Badondo Iron Project located in the Republic of Congo.

    The results have significantly increased the size and grade of the projects exploration target. Significant near surface downhole intersections include 41.9 metres at 62.9% iron in BADDD0001 and 40.4..
  • Stratex International concludes acquisition of Tembo Gold shares

    2013-10-31
    Stratex Gold AG, a 100% owned subsidiary of Stratex International Plc, has completed a subscription agreement for the acquisition of 11 046 667 Subscription Receipts in Tembo Gold Corporation.

    The acquisition agreement followed Stratex Internationals agreement with Tembo Gold Corporation to contribute to the C$8.657 million needed ..
  • North River commences diamond drilling

    2013-10-31
    North River Resources Plc commenced with the underground diamond drilling at its 100% owned Namib Lead Zinc Silver Project in Namibia.

    The drilling campaign is designed to upgrade and expand the Projects complaint resources, with the current JOR..
  • Wescoal Holdings expects an increase in earnings

    2013-10-29
    Wescoal Holdings Limited released a trading statement for the six month period ended 30 September 2013.

    The company expects, with reasonable certainty, its Earnings per Share and Headline Earnings per Share to be between 35 and 38 cents per share and 10 and 12 cents per share respectively.

  • Strategic Natural Resources Financial Director resigns

    2013-10-29
    Strategic Natural Resources Plc has announced the resignation of Financial Director, Mark Rosslee, from its Board.

    Rosslee is a graduate from the University of Witwatersrand, South Africa, and has a graduate diploma in Mining Engineering. He has s..
  • Waterberg Coal Company releases updated Resource Statement

    2013-10-28
    Waterberg Coal Company Limited reported a substantial increase in its JORC compliant resource figures for its Waterberg coal project, in South Africa, bringing the total to 3.88 billion tonnes.

    The company holds Mining Rights to 2.05 billion tonne..
  • Mineral Deposits updates on Grande Cote Project

    2013-10-28
    Construction at Mineral Deposits Limiteds Grande Cote mineral sands project, in Senegal, is now 90% complete and the power station is operational. 

    The trains are in service and the project is on track to be commissioned in Q1 2014, as ..
  • Merafe Resources Q3 update

    2013-10-25
    Merafe Resources Limited reports a 71% increase in ferrochrome production.

    The increase in ferrochrome production, from the companys Glencore-Merafe Chrome Venture, is attributable to additional planned production, excellent performance of Lion I and the impact of major production improvements at the Ventures Rustenburg plant as a..
  • Sibanye Gold updates trading statement

    2013-10-25
    Sibanye Gold Limited has released its trading statement for the six-month period ending 31 December 2013.

    Earnings Per Share and Headline Earnings Per Share 2013 are expected to be approximately 120 cents per share, based on the companys 734.3 million ordinary shares. This is based on the estimated weighted average number of ordina..
  • Kinetiko updates on pilot test well

    2013-10-24
    Kinetiko Energy Limited has given an update on its Amersfoort project located in South Africa.

    Pilot test well KA-06PT is currently undergoing pressure testing following the successful initial gas testing which flowed gas of approximately 10 milli..
  • Amara Mining applies for voluntary delisting from TSX

    2013-10-23
    Amara Mining Plc has applied for voluntary delisting of its ordinary shares from the Toronto Stock Exchange (TSX).

    The Board of Directors believe that the expenses and administrative efforts that go into maintaining the listing are no longer justifiable as there is minimal trade activity of the companys ordinary shares on the TSX.&..
  • Group Operations Executive resigns from Impala Platinum

    2013-10-21
    Paul Dunne has announced his decision to step down from his position as Group Executive: Operations of Impala Platinum Holdings Limited with immediate effect.

    Following his decision, Dunne also resigned as Executive Director and will no longer be serving on the Board.

    Dunne was ..
  • ZCIs subsidiary releases a production update

    2013-10-21

    ZCI Limiteds subsidiary, African Copper Plc, has released its production update for H1 2013.


  • No cash call funding for Wesizwes Africa Wide

    2013-10-21

    Wesizwe Platinum Limited has given an update on its Maseve Project located in the North West province, South Africa.


    Wesizwe holds 26% interest in Maseve, which was derived from..

  • Trans Hex Namaqualand Mines acquisition update

    2013-10-21

    Trans Hex Group Limited and De Beers Consolidated Mines Limited have agreed to extend negotiations for an additional two weeks regarding Trans Hex proposed acquisition of Namaqualand Mines.


  • Aureus Mining closes share placement offer

    2013-10-21
    Aureus Mining Incorporated has closed its offering of 30 900 000 common shares at a price of 0.32 per share to raise approximately 9.9 million.

    The offering was completed by a sydicate of underwriters led by GMP Securities L.P., acting as Bookrunner.

    The net proceeds raised wi..
  • Bushveld Minerals final extension of Lemur takeover offer

    2013-10-21
    Bushveld Minerals Limited has announced the offer period for its takeover bid of all the ordinary shares in Lemur Resources Limited has been extended to 1 November 2013.

    On 01 November at 5.00pm the offer period will close. There will be no further extension and the consideration of three Bushveld shares for every five Lemur shares ..
  • Hummingbird Resources announces operational update

    2013-10-18
    Hummingbird Resources Plc has released an operational update for the three months ended 30 September 2013.

    MDM Engineering Group was confirmed as the lead consultant of the companys Detailed Feasibility Study, which commenced in July 2013, with support from SRK Consulting (UK) Limited and Coffey Mining Proprietary Limited. ..
  • Harmony Gold announces quarterly production update

    2013-10-16
    Harmony Gold Mining Company Limited is expecting its total production for the quarter, ended 30 September 2013, to be 12% higher than that recorded in the previous quarter due to an increase in both tonnes and grades.

    Production at its South African underground mines has reportedly increased by 15% from the previous quarter. &nb..
  • Kumba Iron Ores update on the Sishen Western Expansion project

    2013-10-16
    Kumba Iron Ore Limited reports all construction activities at its Sishen Western Expansion project, in South Africa, have been completed and the development remains within budget.

    The relocation of the Transnet railway line, in May 2013, is consid..
  • Ampella Mining confirms gold prospectivity at Cote dlvoire operations

    2013-10-15
    Ampella Mining Limited has received the results from rock chip sampling taken during reconnaissance investigations that were carried out at the companys new tenements in Cote dlvoire.

    The results confirm the existence of multiple parallel gold bearing structures. Of the 99 rock chip samples taken; 35 returned grades of above 2.0 g..
  • Tlou Energy updates on pilot pods in Botswana

    2013-10-15
    Tlou Energy Limited has announced that DWDs Buffalo rig has been moved to the Lesedi Pilot Pod well 1A at its Karoo Central project in Botswana.

    The rig is in place and currently on standby to commence drilling on the horizontal sections of the ..
  • Kogi Iron completes Barging Study

    2013-10-15
    Kogi Iron Limited has announced that the Niger River Barging Study, conducted by Prestedge Retief Dresner Wijnbert (Pty) Ltd, at its 100% owned Agbaja Iron Ore Project in Nigeria has been completed.

    Prestedge Retief Dresner Wijnberg were appointe..
  • Globe Metals & Mining appoints a Non-Executive Director to the Board

    2013-10-15
    Globe Metals & Mining Limited has appointed Alice Wong to its Board of Directors, as part of the investment transaction between the company and Apollo Consolidated Limited. Wong will assume the role of Non-Executive Director with immediate effect.

    Wong has worked as an auditor at PricewaterhouseCoopers and later worked in th..
  • Discovery Metals Company Secretary resigns

    2013-10-14
    Discovery Metals Limiteds Company Secretary and Corporate Counsel, Gregory Seeto, has resigned with effect from 11 October 2013.

    Seeto has experience as a senior lawyer at a top-tier law firm and as a listings adviser at the Australian Securities Exchange. He is an associate member of Chartered Secretaries Australia and is a legal ..
  • Avocet Mining releases production guidance update

    2013-10-11
    Avocet Mining Plc has reduced its 2013 full year production guidance for its Inata Gold Mine from the original 135 000 ounces to between 125 000 and 130 000 ounces.

    The amendment to the production guideline follows the lower than expected gold production output of 30 987 ounces in Q3 2013. 

    &..
  • Vedanta Resources releases production results for Q2 2013

    2013-10-11
    Vedanta Resources Plc reports a record oil and gas production of 213 299 barrels of oil equivalent per day, 3% higher than the corresponding period of 2012.

    The companys total production of refined zinc and mined zinc-lead metal in concentrate increased to 106 000 tonnes in Q2 from 90 000 tonnes in Q1. The company attributes this i..
  • Village Main Reef appoints Company Secretary

    2013-10-09
    Village Main Reef Limited has appointed Fusion Corporate Secretarial Services (Pty) Ltd as its new Company Secretary, with effect from 1 October 2013.

    This follows the resignation of Charlene Venter as Company Secretary and the re-organisation that is currently taking place throughout the company.

    <..
  • Keaton Energy quarterly production update

    2013-10-09
    Keaton Energy Holdings Limited has released a production update for the three month period ended 30 September 2013. 

    The companys Vanggatfontein operations reported a Lost Time Injury Frequency Rate (LTIFR) of 0.10 and the Vaalkrantz operations recorded a LTIFR of 0.17. 

  • Magnum Gas & Power completes phase one exploration at Botswana prospect

    2013-10-08
    Magnum Gas & Power Limited has completed the current phase of its Coal Bed Methane exploration programme at its operations in Botswana. 

    Coal was discovered at the companys
  • Peninsula Energy requests Trading Halt

    2013-10-08
    ASX listed company, Peninsula Energy Limited, has requested for its securities to be placed on a trading halt, pending the release of an announcement by the company.

    Unless the ASX decides otherwise, the companys securities will remain in a Trading Halt session state until the earlier commencement of normal trading or until the ann..
  • Gold Fields expects a 10% increase in production output for Q3

    2013-10-08
    Gold Fields Limited is expecting to achieve a production output of 496 000 gold-equivalent ounces, an increase of 10% when compared to Q2s production output of 451 000 ounces.

    The company further expects cash costs and notional cash expenditure to be approximately 9% and 13% lower than what was achieved in the second quarter of 201..
  • Golden Rim Resources Balogo project exploration update

    2013-10-08
    Golden Rim Resources Limited has recommenced field exploration work at its Balogo project, in Burkina Faso, following the wet season.

    The company has begun a 2 500 metre infill auger drilling program over the Kabola gold anomaly. The 2 000 metre ..
  • Caledonia Mining provides a production update

    2013-10-08
    AIM listed company, Caledonia Mining Corporation, has given a production update for its 49% owned subsidiary, Blanket Mine located in Zimbabwe. The production update is for the third quarter ended 30 September 2013.

    Gold production for the company..
  • Vedanta Resources applies to list an additional 765 000 shares

    2013-10-07
    An application has been made by Vedanta Resources Plc to the UK Listing Authority and the London Stock Exchange for a block listing of 765 000 ordinary shares of $0.10 to be admitted to the official list.

    It is reported that these ordinary shares will be issued for the purposes of rewards under the companys Employee Share Ownership..
  • Petra Diamonds production update

    2013-10-07
    Petra Diamonds Limited has delivered production of 816 735 carats for the three months ended 30 September 2013.

    The company remains on track to meet its specified production guidance of 3.0 million carats for the full year ended 30 June 2014.

    An interim Management Statement will..
  • Firestone Diamonds final results

    2013-10-07
    Firestone Diamonds Plc's Board has released the final audited results for the year ended 30 June 2013. 

    The company reports a 52% increase in revenue from 6.5m in 2012 to 9.9m in 2013. 

    The companys cash operating loss decreased from 8.3m in 2012 to 1..
  • Baobab Resources project update

    2013-10-07
    Baobab Resources Plc has given an update on its Changara Project located in Mozambique.

    The project, operated under a Joint Venture with Metals of Africa, is for developing pig iron and ferro-vanadium.

    A new lead bearing vein has been discovered in the Mahdewa prospect within th..
  • Sibanye Gold makes changes to the Board

    2013-10-04
    Sibanye Gold Limited has announced the appointment of Chris Chadwick and Robert Chan as Non-Executive Directors of the company and Zola Skweyiya as an Independent Non-Executive Director.

    This is pursuant to a written agreement for the proposed acquisition of the Gold One International Limiteds West Rand Operations by the company.&l..
  • Golden Star Resources production update

    2013-10-03
    Golden Star Resources has released a production update for its Bogoso/Prestea and Wassa/HBB operations in Ghana for the three month period ended 30 September 2013.

    During the reporting period, the company sold 88 915 ounces of gold at an average price of $1 329 per ounce. Of the total amount sold, 4 085 ounces were from Bogoso/Prest..
  • Sable Mining Africa receives mining licence

    2013-10-03
    Sable Mining Africa Limiteds 80% owned subsidiary, West African Exploration SA, has received a mining license for the Nimba iron ore project located in Guinea.

    The license covers a 23 sq km area of the total 123.5 sq km Nimba project which has a current JORC Resource of 135.5Mt. A recent drilling programme over the mining license a..
  • Gem Diamonds recovers rare diamonds

    2013-10-03
    Gem Diamonds Limited has recovered a rare 12.47 carat blue diamond and an 83.8 carat white diamond from its Letsěng Mine located in Lesotho.

    The blue diamond was recovered from the main pipe and the white diamond from the satellite pipe. Both of these diamonds are expected to fetch good prices at Leteng's tenders held..
  • SA Coal Mining releases results

    2013-10-03
    South African Coal Mining Holdings Limited has released its reviewed condensed results for the six months ended 30 June 2013.

    The companys operations at the Group's Umlabu Colliery continue to be suspended pending the finalisation of the Water Use Licence Application by the Department of Minerals and Resources. The company is ..
  • Wescoal provides a Elandspruit project update

    2013-10-03
    Wescoal Holdings Limited has released an update regarding the market progress on its Elandspruit Mining Right project in South Africa

    The Elandspruit Mining Right contains five potentially mineable coal seams which occur from sub- outcr..
  • Jacka Resources provides production update

    2013-10-02
    Jacka Resources Limited has released a production update for its Hammamet West-3 well located in Tunisia.

    The companys current operations are said to be pulling out of the hole with the test string prior to re-entering the wellbore. The reason for this operation is to clean out apparent blockages using a drilling assembly.
  • Kumba Iron Ore update regarding supply agreements with Arcelormittal

    2013-10-02
    As previously announced, Kumba Iron Ore Limiteds subsidiary Sishen Iron Ore Company (Pty) Ltd and ArcelorMittal South Africa Limited entered into an iron ore supply agreement.

    The agreement was reached on the basis of the new interim pricing agreement according to which Sishen Iron Ore will sell iron ore to ArcelorMittal SA from th..
  • Uranium One finalisation for going private

    2013-10-02
    Uranium One Incorporated has announced that all required regulatory approvals have been received and all conditions have been met for its transition to a private company. 

    Uranium One Holdings will acquire the common shares of Uranium One Incorporated that the company, and its affiliates, do not already own for cash conside..
  • Bauba Platinum releases trading statement

    2013-09-30
    Bauba Platinum Limited has released a trading statement for the year ended 30 June 2013.

    The company is expecting a Loss per Share and a Headline Loss per Share to be between 7.1 cents and 7.9 cents. The Loss per Share and Headline Loss per Share for the year ended 30 June 2012 was 3.9 cents and 7.0 cents respectively.
    &l..
  • 77 000 individual samples taken from Shaw Rivers Otjozondu project

    2013-09-25
    Shaw River Manganese Limited continues to identify additional manganese mineralisation targets through its ongoing exploration programme at its Otjozondu manganese project in Namibia.

    The company reports having identified six new target zones at ..
  • Luiri Gold update on its Dunrobin project

    2013-09-25
    Luiri Gold Limited was requested to progress its internal feasibility study on its Dunrobin gold project, in Zambia, to an independent feasibility study following the release of the JORC compliant ore reserve estimate,..
  • Forbes & Manhattan Coal provides a production update

    2013-09-25
    Forbes & Manhattan Coal Corporation has released a production update for its Magdalena bituminous mine, located in South Africa, for the second quarter of fiscal 2014.

    For the reporting period the total run of mine production was at 446 000 tonnes on par with Q1 production of 447 000 and 8% above the previous corresponding p..
  • Pan African Resources reports a 49% revenue increase

    2013-09-25
    Pan African Resources Plc has released its provisional audited results for the year ended 30 June 2013.
    The companys gross revenue increased by 49% to R1 848.1 million, EBITDA increased by 33.1% R735.2 million and gold sold increased by 38.2% to 130 493 ounces.

    The company reports a net debt of R93.6 million a..
  • Premier African Minerals releases interim results

    2013-09-25
    Premier African Minerals Limited reported a loss of $1 186 807 for the six months ended 30 June 2013. This is attributed to the share based payment of $288 714 for options admitted on to AIM, the excessive professional fees related to the AgriMinco transaction and the $587 000 expenditure on the companys exploration properties.

    The..
  • Wesizwe Platinum releases interim financial results

    2013-09-25
    Wesizwe Platinum Limited has released its condensed consolidated interim financial results for the six months ended 30 June 2013.

    The company reports the conclusion of a US$100 million project loan drawdown from China Development Bank (CDB) which forms part of the US$650 million project funding facility. The company held cash of R2...
  • Kibo Mining releases stream sampling results

    2013-09-20
    Kibo Mining Plc has announced the recent stream sampling results from its 100% owned Morogoro North Project located in Tanzania.

    The company reports that three out of four of the prospecting licenses show strong anomalous
  • West African changes broker

    2013-09-19
    AIM listed company, West African Minerals Corporation, has appointed SP Angel Corporate Finance LLP as the Company's Joint Broker with immediate effect.

    Beaumont Cornish Limited will continue as the Company's Nominated Adviser and Joint Broker.

    SP Angel Corporate Finan..
  • ADX Energy reports on financial and operational activities

    2013-09-17
    The company reports its exploration assets were written down by A$2, 848, 574. This is in relation to the Kerkouane permit to reflect a carrying value in line with its value based on farmout discussions.

    Net consolidated loss for the company is at $3 821 863 compared to $10 339 906 recorded in the same period of 2012. Basic loss per..
  • Amara Mining releases quarter results

    2013-09-17
    Dual listed company, Amara Mining plc, has released its results for the second quarter ended 30 June 2013.

    A feasibility study on the companys Baomahun gold project returned robust financial indicators and the integration of the Sega gold project is in progress following the receipt of a Mining Licence.
  • African Eagle raises 300,000 in ordinary share placement

    2013-09-17
    African Eagle Resources Plc has successfully raised 300,000 through the placing of new ordinary shares.

    The Placement is conditional on admission of the shares to the AIM and was for a total of 171 428 571 new ordinary shares at a price of 0.175 pence per share.

    The price repre..
  • Keaton Energy makes changes to the Board

    2013-09-17
    Keaton Energy Holdings Limited has announced changes to its Board of Directors and Board Committees, all effective immediately.

    David Salter will be returning to his position as Non-Executive Chairman following the end of his short term assignment as the groups Executive Chairman. Lizwi Mtumtum will remain as Lead Independent Direc..
  • Blackthorn Resources to commence drilling at its Mumbwa project

    2013-09-16
    Blackthorn Resources has announced that drilling of identified priority targets at its Mumbwa project in Zambia are currently underway.

    The targets will be drilled with a single angled hole, drilling at 60-65 degrees. The three targets which were identified are based on a detailed interpretation work that has highlighted a series of..
  • David Southam to serve Sundance Resources board

    2013-09-13
    Sundance Resources Limited has appointed David Southam as the companys new Non-Executive Director with effect from 11 September 2013.

    Southam is a Certified Practicing Accountant with more than 20 years experience in accounting, banking and finance in both the resources and industrial sectors. He is currently an Executive Director ..
  • Noble Mineral Resources provides an update on its Bibiani gold project

    2013-09-12
    As previously announced, Noble Mineral Resources Limiteds Bibiani gold project has been placed into a Care and Maintenance suspension.

    The company has estimated a total of $40 million will be required to carry the project, located in Ghana, through ..
  • African Minerals releases 2013 H1 results

    2013-09-12
    African Minerals Limited achieved a 20Mtpa iron export rate during Q2 2013 with total exports totaling 5.5Mt. The company reports a total production of 6.1Mt at a cost of $43/t, up from $36/t recorded in June 2013. The stockpiles at the Tonkolili iron ore mine in Sierra Leone, at the end of the period, totaled 2.4Mt.

    EBITDA was repo..
  • Predictive Discovery Director appointment

    2013-09-12
    Predictive Discovery Limited has announced the appointment of Tim Markwell to the companys Board of Directors.

    Markwell is a qualified geologist with 20 years experience in the finance and resources industries. He is currently a manager at African Lion 3 Limited and has previously served BHP Billiton, Golder Associates, Anaconda Ni..
  • Pan African Resources appoints new CEO

    2013-09-11
    Pan African Resources Plc has announced the appointment of former Chief Operating Officer and joint interim Chief Executive Officer, Ron Holding, as the new Chief Executive Officer of the company, effective immediately.

    Holding has held a number of senior positions since 1973 when he started his mining career. He has had exposure to..
  • Gold Fields striking workers return to work

    2013-09-11
    Gold Fields Limited has announced that its striking workers of the National Union of Mineworkers returned to the South Deep mine on 6 September 2013. 

    The employees returned to work following the conclusion of a two-year salary offer from the Chamber of Mines. According to the offer, Category 4 and 5 employees as well as dr..
  • AngloGold Ashanti employees receive a two-year pay offer

    2013-09-10
    AngloGold Ashanti Limited confirms that it has made a two-year pay offer to its employees in South Africa, following the industrial action which commenced on 3 September 2013.

    The National Union of Mineworker, Solidarity and the United Association of South Africa have indicated that their members will accept the offer. The offer gra..
  • Operations at Gold One return to normal

    2013-09-10
    Gold One International Limiteds West Rand operations have returned to normal production.

    Following the industrial strike that commenced on 3 September 2013, shareholders of the company are advised that its Cooke 1-3 Underground Operations and Randfontein Surface Operations resumed normal production during the past weekend.
  • Blackthorn Resources continues to return high grades from Kitumba

    2013-09-09
    Blackthorn Resources has announced further exceptional grades from its Mumbwa projects infill drilling program at Kitumba.

    The drilling has returned results of 174m at 5.04% copper from 240 metres to 414 metres, including 20 metres at 8.09% copper from 261 metres to 281 metres and 16 metres at 10.33 copper from 303 metres to 319 me..
  • Kibo Mining receives first laboratory results from its Haneti Joint Venture

    2013-09-09
    Kibo Mining Plc has identified ultramafic outcrops of nickel platinum group metals at its Haneti Joint Venture in Tanzania.

    The joint venture is being funded by Votorantim Metais. Soil sampling has been completed on the project and preliminary res..
  • Coal of Africa releases financial results and receives environmental authorisation

    2013-09-09
    Coal Of Africa Limited has released its audited consolidated financial statements for the year ended 30 June 2013.

    Total company coal sales decreased by 25% to 2 544 million tonnes for the period. This decrease has been attributed to the depletion of the Vuna Colliery resource and the derailment on the Maputo rail corrido..
  • Anglo American appoints Non-Executive Director

    2013-09-06
    Anglo American Plc has appointed Judy Dlamini as a Non-Executive Director with effect from 1 January 2014.

    Dlamini is an entrepreneur with experience in the Healthcare and Global Pharmaceutical industries. She has previously served on mining, retail and healthcare company Boards.

  • Mwana Africa raises US$3.2m

    2013-09-06
    Mwana Africa Plc has raised approximately US$3.2 million through a subscription of 130,254,717 new ordinary shares by existing shareholders of the company at a price of 1.57p.

    China International Mining Group Corporation and Ning Yat Hoi have subscribed for 45,271,457 and 84,983,260 Subscription Shares respectively. These represent ..
  • African Consolidated Resources releases final results

    2013-09-05
    African Consolidated Resources Plc has released its final financial and operational results for the year ended 31 March 2013.

    The companys results reflected a loss of $11.02 million for the year but maintained a cash balance of $6.6 million, recorded at 1 August 2013.

    During th..
  • Miranda Mineral makes changes to the Board

    2013-09-05
    Miranda Mineral Holdings Limited has appointed John Wallington as Managing Director with effect from 1 November 2013.

    Wallington has a BSc Mining Engineering degree with years of experience in managing open cast and underground operations. He served Anglo Coal Global as Chief Executive Officer and has held various positions in a num..
  • African Rainbow Minerals announces provisional results

    2013-09-05
    African Rainbow Minerals Limited has released its provisional results for the year ended 30 June 2013.

    The company reports a Headline Earnings per Share of 1 735 cents, up 8% from 1 615 cents in 2012. The company declared a dividend of 510 cents per share for the period, compared to the 475 cents per share declared in 201..
  • Mwana Africa appoints new Chairman

    2013-09-04
    Mwana Africa Plc has appointed Mark Wellesley-Wood as the Non Executive Chairman of the Company, effective immediately.

    Wellesley-Wood is the former Chief Executive Officer of Metallon Gold Limited and DRDGold Limited. He also serves as the Chair of Unwins Wine Group Limited and Durban Roodepoort Deep Limited. 
    &..
  • Minbos Resources appoints a Non-Executive Director

    2013-09-03
    Minbos Resources has appointed Bill Oliver to its Board as a Non-Executive Director, effective immediately.

    Oliver is a Geologist with more than 14 years working experience in the resources industry. He is particularly experienced in the design and evaluation of resource defining programmes and has co-ordinated all levels of feasibi..
  • Kenmare Resources releases half year report

    2013-09-03
    Kenmare Resources Plc has released its half year results for the six months ended 30 June 2013.

    The companys EBITDA for the period was $18.8 million, down from $55.5 million recorded in the same period of 2012. The companys revenue decreased by a significant 27.3%, from $109.1 million in H1 2012, to $79.3 million in H1 2013.
  • Francis Eager to serve on Baobab Resources Board

    2013-09-03
    Baobab Resources Plc has announced the appointment of Francis John Eagar as the companys Chief Financial Officer and New Business Manager.

    Eagar is a qualified South African Chattered Accountant with over 13 years of experience in combining green and brown field resource project development, business development as well as financia..
  • Beacon Hill releases interim results

    2013-09-03
    Dual listed coal mining company, Beacon Hill Resources Plc, has released interim results for the six months ended 30 June 2013.

    During the reporting period the company completed its planned 300% increase of its Minas Moatize projects coal wash plant capacity to 1.8Mtpa. The plant was commissioned during the period and the company i..
  • Impala Platinum releases annual results

    2013-09-03
    Impala Platinum Holdings Limited has released its consolidated annual results for the full year ended 30 June 2013.

    The company reports an improvement in its safety indicators. The company had no fall-of-ground fatal accidents and the fatal injury frequency rate improved by 25.3% to 0.065 per million man-hours worked. The lost-time ..
  • Royal Bafokeng Platinum Director resigns

    2013-09-03
    Matsotso Vuso has resigned from her position as Independent Non-Executive Director at Royal Bafokeng Platinum Limited, with immediate effect.

    Consequently she has also withdrawn as a member of the companys Audit and Risk Committee. The company thanks her for her contribution and wishes her well for her future endeavours. &..
  • Gold One International releases H1 2013 interim results

    2013-09-02
    Gold One International Limited has released its consolidated interim results for the six months ended 30 June 2013.

    The company reports a marginal decrease of 1.33% in its revenue and other income for the period when compared to the corresponding period of the previous year. However, the companys profit for the period dropped drama..
  • Tiger Resources provides progress report

    2013-09-02
    Tiger Resources Limited has released a progress report for its Kipoi copper project located in the Democratic Republic of Congo (DRC).

    The company reports a consistent copper production from the stage 1 heavy media separation (HMS) plant which is..
  • Waratah Resources provides an update on its corporate activities

    2013-09-02
    Waratah Resources Limited has released an update regarding the recent company led delegation to Gabon.

    The company is pleased to announce that it had a successful country visit to Gabon with South Korean delegation which included numerous prominent members.

    Waratah Resources wil..
  • Paragon Resources appoints a special advisor to the board

    2013-08-28
    AIM listed diamond explorer and developer, Paragon Diamonds Limited, has announced the appointment of Geoff Tyler as a special advisor to its Board of Directors.

    Tyler has been appointed to provide the company with advice on the implementation of its Agribusiness Investment Policy. He has over 30 years experience and has worked as a..
  • Sylvania releases final results

    2013-08-28
    Sylvania Platinum released the financial results for its 2013 financial year.

    The company reported a net profit after tax of $4 369 231, a net basket price of $867/ounces and cash generated from operations amounting to $4 053 083.

    Capital expenditure decreased by 32% to $10 310 ..
  • Caledonia Mining Non-Executive Director retires

    2013-08-28
    Caledonia Mining Corporation has announced the retirement of Non-Executive Director and Company Secretary, Carl Jonsson, from the companys Board with immediate effect.

    Jonsson has served the company in his capacity as a Director since 1992. He was appointed as the Company Secretary in January 2006. He also held the position of Chai..
  • African Barrick Gold announces new CEO appointment

    2013-08-28
    African Barrick Gold Plc has appointed Bradley A. Gordon to replace Greg Hawkins as the companys Chief Executive Officer with immediate effect.

    Gordon has over 30 years of experience in the gold mining industry. He has shown a strong drive to engage with governments, communities and employees to achieve sustainable mining operation..
  • DRDGold releases financial year end results

    2013-08-28
    DRDGold Limited reports gold production totaling 146 381 ounces for the year ended 30 June 2013, representing an 8% increase year on year.

    Gold production for the quarter was up 10% when compared to the Q4 2012. Operating profit was reported to have increased by 9%, year on year, amounting to R679.3 million. However, operating profi..
  • Gold Fields restructures its Board

    2013-08-28
    Gold Fields Limited has restructured its Board of Directors to reflect the companys new strategic direction.

    Cheryl Carolus, Chair of Gold Fields, has announced that, following the composition, the Board has decided to reduce the number of Directors from twelve to nine.

    Three o..
  • Exxaro Resources releases interim results

    2013-08-28
    JSE listed company, Exxaro Resources Limited, has released its reviewed interim financial results for the six month period ended 30 June 2013. 

    The companys Headline Earnings Per Share of 712 cents decreased by 39% initially but increased by 199% in the second half of 2012.
  • Shaw River appoints new CFO and Company Secretary

    2013-08-27
    ASX listed manganese developer, Shaw River Manganese Limited, has appointed Mr Bernard Crawford as the new CFO and Company Secretary.

    Mr Crawford replaces Chris Parkinson who resigned from his position on 31 May 2013. Crawford is a Chartered Accountant with over 20 years experience in listed companies, holding various positions in f..
  • Tlou continues drilling review in Botswana

    2013-08-27
    Tlou Energy Limited has provided an update on its drilling activities at the Karoo Central Gas Pilot project in Botswana.

    The company is in the process of conducting a drilling review of a production well within the project area, and evaluating t..
  • African Rainbow Minerals trading statement update

    2013-08-26
    According to African Rainbow Minerals Limiteds trading statement, the company expects a Headline Earnings per Share of between 1 640 and 1 780 for the year ended 30 June 2013.

    The company is expecting its basic earnings to decrease to between 725 and 810 cents per share due to the impact of the unrealised mark-to-market loss result..
  • Jacka Resources provides operational update

    2013-08-26
    Jacka Resources Limited has given an operational update on its Hammermet West well located in the Bargou Block, offshore Tunisia.

    The company reports a recovery to surface of coiled tubing that became stuck in the production tubing. The coiled tubing cut is now at 2200Mmdrt.

    Jac..
  • Atlatsa Resources Bokoni mine achieves best operating performance in five years

    2013-08-21
    Atlatsa Resources Corporation has released its results for the quarter and half year period ended 30 June 2013 from its Bokoni mine in South Africa.

    The company reports a 28% increase in PGM production for H1 2013 from H1 2012 and a 10% decrease i..
  • Eastern Platinum releases 2013 Q2 results

    2013-08-21
    Eastern Platinum Limited reported a loss of $139 710 000 or $0.15 per share for the quarter. The loss recorded in the quarter was comparatively worse than the $0.09 loss per share for Q2 2012.

    The companys adjusted EBITDA also decreased from negative $4 599 000 in 2012 Q2 to negative $8 116 000 in this quarter. The amount of PGM ou..
  • Pan African Resources expect higher earnings for FY13

    2013-08-21
    AIM and JSE listed precious metals producer, Pan African Resources Plc, has forecasted higher earnings for their financial year ended 30 June 2013. 

    The company expects their earnings per share to be between 34% and 44% higher than the 24...
  • Uranex exploration update on Nachu graphite project

    2013-08-21
    Uranex Limited has announced the discovery of further positive graphite assays at the companys Nachu graphite project in Tanzania.

    The additional assays showed graphitic carbon content of up to 54.7% confirming the quality of the resource.
  • Legend Minings Cameroon project returns significant results

    2013-08-21
    ASX listed Legend Mining Limited has announced encouraging results from samples taken at their Ngovayang gold project in Cameroon.

    The sampling programme comprised of 189 samples, 14 samples returned significant results with gold values reaching a maximu..
  • Miranda Minerals appoints a new director

    2013-08-20
    Miranda Mineral Holdings Limited has appointed Rudolph de Bruin as the companys new Non-Executive Director, effective from 15 August 2013.

    De Bruin holds BComm (cum laude) and LLB (cum laude). He was a founding member of the Platinum Group and co-founded Sephaku Holdings Limited.

  • Changes to Tawana Resources board

    2013-08-20
    Tawana Resources NL has appointed Mr Wayne Richards as the new Executive Chairman.

    Mr Richards brings with him almost 30 years of experience with an extensive mining background, as well as vast public company directorship experience.

    Commenting on the appointment was the company..
  • Central Rand Gold releases interim results

    2013-08-20
    The South African gold mining and exploration holding company, Central Rand Gold Limited, has released its unaudited Interim results for the six months ended 30 June 2013.

    Gold production for the company is at 6,097 ounces, with an increase of 9% for the companys total mining production. 

    &l..
  • Botswana Diamonds enters into a joint venture

    2013-08-20
    Botswana Diamonds Plc has entered into an agreement through its wholly owned subsidiary, Atlas Minerals (Pty) Ltd, with Sunland Holdings SA (Switzerland) of OJSC "Alrosa".

    The joint venture will utilise and merge the exploration technology available to Sunland with the on ground expertise and extensive diamond database hel..
  • Dr Dlamini resigns from Northam Platinum board

    2013-08-20
    JSE listed company, Northam Platinum, has announced the resignation of Dr N J Dlamini from its board of directors.

    Dr Dlamini has been a Non-Executive Director for nine years and the company wishes to thank her for her invaluable contribution during her tenure.

    Northam Platinum ..
  • Bassari Resources to complete placement

    2013-08-19
    ASX listed company, Bassari Resources Limited (BSR), has announced that the due diligence process by Hill End Gold Limited (HEG) has been successfully completed.

    HEG has, accordingly, notified BSR that it will complete the placement to acquire 100 ..
  • Regency Mines provides Sudan Joint Venture update

    2013-08-14
    Regency Mines Plc has released an update regarding its agromineral exploration in Sudan.

    The company holds farm-in rights to the project in Sudan under an option agreement with International Mineral Resources (Agrominerals Sudan) Ltd.

    The parties have agreed that enough progress..
  • First Uranium releases financial results

    2013-08-13
    First Uranium Corporation has announced its financial results for the three months ended 30 June 2013.

    The corporation reports a profit from its continuing operations of $0.03 million for the period, a strong recovery from the $10.3 million loss the company incurred in the corresponding period of last year.
    <..
  • Sibanye Gold reports 63% increase in operating profit

    2013-08-13
    Sibanye Gold Limited has released its operating results and interim financial statement for the six month period ended 30 June 2013.

    Sibanye Golds operating profit increased to R3.3 billion, a 63% increased compared with the six months ended 31 December 2012. Net debt was reduced to R1.9 billion as a result of a seven fold increase..
  • Birimian Gold to commence next phase of drilling on Mali project

    2013-08-13
    ASX listed gold exploration and development company, Birimian Gold Limited, is set to commence the next phase of drilling at its Massigui gold project in southern Mali

  • Tribune Resources provides an update on its operations in Ghana

    2013-08-13
    During the quarter ended June 2013, Tribune Resources Limited completed a 30 hole, 2 653 metre drilling programme on its Adiembra prospect in Ghana.

    The company reports four of the holes intersected mineralisation of more than 2g/gold per tonne ov..
  • Mozambi Coal appoints new Director

    2013-08-13
    ASX listed explorer, Mozambi Coal Limited, has appointed Julian Jarman as a Non-Executive Director to the companys Board. 

    Jarman is a share broker with approximately 17 years experience in the finance industry, and is currently a share broker with Cygnet Capital. He is a Chartered Accountant who has worked in several bank..
  • Aureus Mining releases financial and operational results

    2013-08-13
    Aureus Mining Incorporated has released its Q2 2013 financial results for the 3 month period ended 30 June 2013 and an operational update for H1 2013.

    The company has made significant progress in the first half of 2013; with the first gold pour expected in Q4 2014 at its 100% owned New Liberty gold project in
  • Unity Mining updates on drilling progress at Sangola

    2013-08-12
    Goldstone Resources Limited, owned by Unity Mining Limited, has announced its drilling results for its Sangola Project located in Senegal.

    The drilling results confirm gold mineralization in 70 metre wide zone where the best gold intersects inclu..
  • Minbos Resources Chairman resigns

    2013-08-12
    Minbos Resources Limited has advised shareholders that its Non-Executive Chairman, Peter Richards, has resigned with effect from 6 August 2013.

    Richards was the founding Chairman of the Board when the company listed on the ASX in October 2010. He led the company in its acquisition of assets in the 
  • Resolute Mining updates on quarterly activities

    2013-08-12
    ASX listed gold producer, Resolute Mining Limited, has given an updated on its activities for the period ended 30 June 2013.

    The company reports a total gold production achievement of 102, 685 ounces at a cash cost of $841 per ounce. This resulted in annual gold production of 435, 855 ounce.

  • Sylvania Platinum releases quarterly results

    2013-08-12
    Sylvania Platinum Limited has released results from its Bushveld operations in South Africa, for the fourth quarter ended 30 June 2013.

    The company reports achieving a record total of 602 567 plant feed tonnes and a 14% quarter on quarter increase in ounces produced, amounting to 12 033 ounces for the quarter ended 30 June 2013.&..
  • Diamcor Mining provides an update on its Krone-Endora project

    2013-08-07
    Diamcor Mining Limited has announced that the installation of the main power line to the companys Krone-Endora project in South Africa has been completed.

    The 8.4km main power line was constructed by South Africas electricity supplier, Eskom Hol..
  • Delrand Resources updates on DRC activities

    2013-08-06
    Delrand Resources Limited has released an update on its diamond exploration activities in the Democratic Republic of the Congo (DRC).

    Current activities in the DRC include the Iron Ore project, Wamba project, Bafwasende project and the Bomili project.

    The company identified thre..
  • Atlatsa Resources appoints new interim CFO

    2013-08-06
    Atlatsa Resources Corporation has appointed Kogi Naicker as the companys interim Chief Financial Officer with effect from 1 August 2013. Naickers appointment follows the departure of De Wet Schutte, whose four year fixed term contact came to an end on 1 August 2013.

    Schuttes contract was originally extended so he could assist in ..
  • Abzu Gold halts second tranche of private placement

    2013-08-06
    Abzu Gold Limited has announced that due to current market conditions it cannot complete the second tranche of the non-brokered private placement scheme.

    The company successfully completed the first tranche in May 2013 whereby 20 000 000 units were placed for a gross total of $1 000 000. Each unit consists of one common share in Abz..
  • Taruga Gold provides update on its Mali project

    2013-08-06
    Taruga Gold Limited has provided an update on the drilling activities on its Nangalasso project located in Mali, West Africa.

    The project was recently acquired as part of the companys strategy to secure highly prospective regions in Ivory Coast a..
  • Diamond Corp announces changes to board

    2013-08-06
    Diamond Corp Plc has appointed John Hulme Scholes as an Independent Non-Executive Director with effect from 1 August 2013.

    Mr Scholes is a leading South African attorney focusing primarily on mining and mineral law. He brings with him over 20 years experience, partnering at three law firms and is currently a Director of Malan Schole..
  • Firestone Energy reports on its quarterly activities

    2013-08-06
    Firestone Energy Limited is in the process of finalising the Definitive Feasibility Study (DFS) at its Waterberg Coal project in South Africa. The completion of the DFS is a condition precedent for the Memorandum of Understanding between the company and Eskom to be converted to a full Coal Supply Agre..
  • Taruga Gold provides update on its Mali project

    2013-08-05
    Taruga Gold Limited has provided an update on the drilling activities on its Nangalasso project located in Mali, West Africa.

    The project was recently acquired as part of the companys strategy to secure highly prospective regions in Ivory Coast ..
  • Alfred Baku to head Gold Fields West Africa Region

    2013-08-01

    Alfred Baku has been appointed as Senior Vice-President of Gold Fields Limited and Head of its West Africa region.


    Baku is a qualified Mining Engineer with over 19 years mining experience, having worked as General Manager at the companys Tarkwa and Dam..

  • Sibanye Gold Limited set to release results

    2013-07-31
    Sibanye Gold Limited has announced its intention to release its operational and financial results for the six months ended 30 June 2013 on 13 August 2013.

    The company will release its results on Tuesday 13 August 2013 on its website. It will present a live webcast at the Johannesburg Stock Exchange Auditorium, 10:00 Central Africa T..
  • Shanta Gold makes changes to the board

    2013-07-30
    Shanta Gold Limited has announced the appointment of Robin Fryer as an Independent Non-Executive Director and Chair of the Company's Audit Committee.

    Fryer is a Financial Consultant with a long history working for Deloitte. He was the lead partner in Deloitte LLP until 31 May 2009. He currently holds no shares in Shanta Gold.&l..
  • Lomnin Plc releases interim results

    2013-07-26

    Lomnin Plc has released its production results and interim management statement for the third quarter of 2013.


    The company reports a 4.1% increase in production for Q3 2013 when compared to the previous quarter but a 3.6% production decrease when compar..

  • Aquarius Platinum releases operational results

    2013-07-25

    Aquarius Platinum Limited has released its financial and production results for the quarter ended 30 June 2013.


    The company reports a cash cost decrease, quarter-on-quarter, of 7% to R7 746 per Platinum Gold Metal (PGM) ounce at Kroondal and the extensi..

  • Base Resources announces new addition to the Board

    2013-07-25
    ASX-listed diversified miner, Base Resources Limited, has appointed Malcolm Macpherson to the Board of Directors.

    Mr. Macpherson brings with him a wealth of experience in mineral sands as well as African and corporate development. He worked from Iluka Resources Limited for 25 years, rising from Mine Manager to Managing Director and ..
  • Discovery Metals gives update on operations

    2013-07-25
    ASX listed copper explorer, Discovery Metals Limited, has released an update on its Kalahari Copper Belt projects.

    The company reports an updated mineral resources and ore reserves estimates for all its deposits.  Kalahari & Boseto Copper Belt Mineral Resources in
  • Pura Vidas inspection confirms oil field

    2013-07-25
    Pura Vida Energy Nl has announced confirmation of an oil column from its inspection at its Nkebe Block in Gabon.

    The company reports that through its initial evaluation of Loba-1 drilling, it identified coarse sandstone reservoirs with abundant oil staining. 

    For near t..
  • Merafe Resources expects drop in interim earnings

    2013-07-25
    Merafe Resources Limited has released its trading statement for the six months ended 30 June 2013, and production report thereof.

    The company expects to report basic earnings per share of 1.2 and 1.4 cents, in comparison to 5.5 cents of the same period in 2012.

    Headline Earnings..
  • Shanta Golds Q1 production up 22%

    2013-07-24
    Shanta Gold Limited has released its production report and operational update for the second quarter of 2013.

    The company reports having zero Lost Time Injuries during the period and an experienced a 22% increase in gold production from Q1 2013.

    The company successfully commissi..
  • African Minerals appoints new Vice Chairman

    2013-07-24
    African Minerals Limited announced the appointment of Ian David Cockerill as an Independent Non-Executive Director and the boards Vice Chairman, effective immediately.

    Over his 38 years in the mining industry, Cockerill has served as Chief Executive Officer for Anglo Coal Holdings Limited and as Chief Executive Officer, Chief Opera..
  • Gemfields Plc releases auction results

    2013-07-24
    AIM-listed multinational natural resources company, Gemfields Plc, has announced the results of its Lusaka Rough Emerald and Beryl Auction.

    The company reports revenue of $31.5 million from the auction, which is the second highest revenue for the company to date. Gemfields has held thirteen auctions since July 2009 and has generated..
  • Sula Iron reports positive results from Sierra Leone

    2013-07-23
    Sula Iron & Gold Plc have announced positive results from the first two drill holes of its 2000 metre drilling programme at its Blue Horizon licence area in Burkina Faso.

    The initial results confirm the presence of
  • West African Resources releases drilling results from its Boulsa project

    2013-07-22
    West African Resources Limited has identified a new 8km gold zone, 4km south of the Sartenga copper-gold discovery, in the companys wholly owned Sartenga exploration license in Burkina Faso.

    Only 3km has been tested by shallow aircore drilling and t..
  • Uranex releases exploration update from Nachu graphite project

    2013-07-22
    Uranex Limited has released positive results from trenching activities completed in June 2013 on the first trench (T1) at its Nachu graphite project in Tanzania

    The company reported that 977 metres of graphite mineralisation have been i..
  • Minerals Corporation provide an update on its Luishia project

    2013-07-22
    Minerals Corporation Limited reports intercepting disseminated copper mineralisation in the first three diamond drill holes at its Luishia prospect in the Democratic Republic of Congo.

    Core samples taken from the drill holes are in the process of..
  • Paragon Diamonds issues new ordinary shares

    2013-07-19
    Diamond explorer and developer, Paragon Diamonds Limited, has issued 5 300 000 new ordinary shares following the approval by shareholders at the companys Annual General Meeting.

    2 500 000 of the new ordinary shares have been issued to Lanstead Capital L.P as agreed upon in the parties Equity Swap Agreement.
    &..
  • Anglo American releases production results

    2013-07-19
    Anglo American Plc has released its production report for the three month period ended 30 June 2013.

    The groups Kumba Iron Ore subsidiary saw a marginal decrease of 1% in its production. This is attributed to strong production results from Kolomela which offset the lowered production at Sishen dude to the strike activity in H2 2012..
  • Anglo American Platinum quarterly review and production report

    2013-07-19
    Anglo American Platinum Limited has released its quarterly review and production report for the three month period ended 30 June 2013.  

    The company reported a fatality free quarter and the groups refined platinum production increased by 2%..
  • Resgen announces commencement of Rail Link Construction

    2013-07-18
    Resource Generation Limited has commenced preparation activities for the construction of the 38km rail link to connect the companys Boikarabelo mine to its existing rail network.

    The preparation activities are expected to assist the timely construction of the rail link.

    Managin..
  • Kumba Iron Ore reports improvement in Q2 2013 production

    2013-07-18
    The iron mining arm of the Anglo American Plc Group, Kumba Iron Ore Limited, has reported improved levels of production for Q2 2013.

    Total iron production for the quarter amounted to 11.3 million tonnes, a 1% decrease compared to the corresponding quarter in the previous year. However, this reflected a 9% increase in comparison with..
  • Paragon Diamonds provides operational update on Lemphane Kimberlite project

    2013-07-17
    Paragon Diamonds Limited has released an operational update pertaining to its 85% owned Lemphane Kimberlite project in Lesotho.

    A parcel of diamonds (211.22 carats) has been exported, with the appropriate Kimberley Protocol certificate and Government..
  • Kogi Iron releases an exploration update on its Agbaja project

    2013-07-17
    Kogi Iron Limited has released exploration drilling results from the southern and western areas of its 100% owned Agbaja iron ore project in Nigeria.

    In the overlying Laterite significant intercepts include 11 meters at 34.5% iron and 6 meters at 39.2% iron. In the underlying Oolite the company reports intercepts of 20 meters at 41...
  • AngloGold Ashanti reports strong Q2 results

    2013-07-17
    AngloGold Ashanti Limited has announced strong operational performance results for Q2 2013. The company reports a production of 935 000 ounces of gold at a cash cost between $900/ounce and $920/ounce.

    Commenting on the production results the companys Chief Executive Officer, Srinivasan Venkatakrishnan, said, Its been a strong per..
  • Platfields Director resigns

    2013-07-17
    Platfields Limited has announced the resignation of Seth Radebe from his role as Independent Non-Executive Director with effect from 1 July 2013.

    Radebe cites a conflict of professional interests as his reason for resigning as he is the Managing Director of a company in the process of merging with Platfields auditing firm.
  • Equatorial Resources completes scoping study at Mayoko-Moussondji

    2013-07-16
    Iron exploration and development company Equatorial Resources Limited has announced the results of its scoping study regarding Stage 1 and 2 of its Mayoko-Moussondji project in the Republic of Congo.

    The study has established that the project can have an immediate return of 2 million tonnes per annum of premium hematite p..
  • Sabre Resources reports high grade drill results from Guchab project

    2013-07-16
    Diversified mining and exploration company Sabre Resources has announced that it continues to receive high grade results from its diamond drilling efforts at its Guchab prospect in Namibia.

    The results include hole GCDD0023 returning results of 4..
  • AngloGold Ashanti announces changes to the board

    2013-07-16
    AngloGold Ashanti Limited has announced the early retirement of Executive Director, Anthony Martin ONeill. 

    ONeill steps down from his position as Executive Vice President of Business and Technical Development effective from 19 July 2013 after 5 years of dedicated service to the company. He provided the board and its comm..
  • CEO of Jupiter Mines resigns

    2013-07-16
    Jupiter Mines Limited had announced the resignation of its Chief Executive Officer, Mr. Greg Durack, effective from 30 July 2013. 

    Following the suspension of the companys Australian iron ore projects due to the board awaiting the results of the Esperance port expansion plans, Mr. Durack decided to pursue other interests.&..
  • Beacon Hill appoints Non-Executive Director

    2013-07-15
    Beacon Hill Resources Plc has announced the appointment of Non-Executive Director Mr. Nicholas von Bruemmer.

    Mr. Von Bruemmer has substantial corporate and industry experience and is currently the Deputy Chairman at Hansa AG and Chief Executive Officer of Pelham Investments AG.  

    ..
  • Tawana Resources provides Mofe Creek project update

    2013-07-15
    ASX listed iron ore and gold explorer, Tawana Resources NL, has given an update on its 100% owned Mofe Creek Iron Ore Project in Liberia.

    The company reports the discovery of high grade +45% iron mineralisation in the outcrops at the companys Za..
  • Jacka Resources completes 3.25m institutional placement

    2013-07-15
    Through the issue of 38.5 million new shares sold at 8.5 cents per share, Jacka Resources Limited has advised that it has completed its institutional placement of $3.25 million.

    The company reports that the completion of the placement was at a 5% discount to the companys 5 day volume weighted average price on the Australian Stock E..
  • Kasbah Resources reports positive results for Achmmach tin project

    2013-07-15
    Emerging tin producer, Kasbah Resources Limited, has reported additional high-grade tin mineralisation results from its Achmmach tin project in Morrocco.

    Through in-fill drilling, Kasbah Resources has acquired geological knowledge on previously un..
  • Hummingbird Resources development update on Dugbe 1 project

    2013-07-15
    Hummingbird Resources has announced that it has signed letters of intent to appoint Definitive Feasibility Study consultants for its Dugbe 1 project in Liberia.

    MDM Engineering Group has been appointed as the lead consultant and will contribute, ..
  • African Consolidated Resources update on Pickstone-Peerless project

    2013-07-15
    Resources and development company, African Consolidated Resources Plc has completed the Definitive Feasibility Study being carried out on its Pickstone-Peerless gold project in Zimbabwe.

    A maiden mineral resources estimate of 136 000 ounces has be..
  • Kibo provides update on Tanzanian Joint Venture

    2013-07-15
    Mineral exploration company, Kibo Mining Plc, has reported positive progress on their Haneti joint venture project, in Tanzania, with Brazilian Votorantim Metais Participaes Limited, a member of Votorantim Group.

    The ongoing exploration programm..
  • Aureus Mining intercepts high-grade gold in Liberia

    2013-07-15
    Canadian based gold explorer and developer, Aureus Mining Inc, has delivered further positive results from the drilling programme at the Ndablama gold target in Liberia.

    The target is located within the companys Bea Mountain licence in Liberia, ..
  • Centamin updates on Q2 production results

    2013-07-09
    Centamin Plc has provided preliminary production results for its Sukari gold mine in Egypt for the second quarter ended 30 June 2013.
     
    The company reports a 39% increase in total gold production for Q2 of 2013, with a record of 93,624 ounces compared to Q2 of 2012. 

    Form..
  • Dr Mphu Ramatlapeng to serve on Anglo Americans board

    2013-07-09
    Anglo American Plc has appointed Dr. Mphu Ramatlapeng to serve on its board as a Non-Executive Director. She will also be joining the boards Safety and Sustainable Development Committee effective, immediately.

    Dr. Ramatlapeng has a medical degree and a masters degree in public health.  She has served as a Minister of Heal..
  • Rockwell Diamonds revenue climbs 31% in Q1

    2013-07-09
    Rockwell Diamonds Incorporated has announced its first quarter diamond revenue increase of 31% compared to last years first quarter.

    The revenue increase comes from diamond sales and before any beneficiation income.

    The company reports a 48% year-on-year increase in average pri..
  • Sarama Resources intersects high-grade gold in Burkina Faso

    2013-07-09
    The West African focused explorer and developer, Sarama Resources Limited, has announced positive results from the recent drilling programme in Burkina Faso.

    High-grade gold mineralization was intersected over significant intervals at the companys South Hound project in the south-western region of the
  • Wits Gold places bid to acquire Burnstone

    2013-07-09
    Witwatersrand Consolidated Gold Resources (Wits Gold) has announced that it has been named the sole preferred bidder for the Burnstone gold operation.

    The gold mine, located in
  • Discovery provides an update on its Boseto operations

    2013-07-08
    ASX listed copper explorer, Discovery Limited, has provided an update on its 100% owned Boseto cooper project.

    Production for cooper and silver increased over the May performance period.

    The company anticipates a copper production improvement in July from performance outcomes th..
  • Perseus Minings preliminary gold production results

    2013-07-08
    Perseus Mining Limited has announced its preliminary gold production results from its Edikan Gold Mine in Ghana for the six months ended 30 June 2013.

    The company reports a total production of 104, 329 ounces of unreconciled
  • Positive results from Roxgolds Burkina Faso drilling programme

    2013-07-08
    Roxgold Incorporated has announced the completion of the infill drilling program on the 55 zone from its 100% owned Yaramoko permit in Burkina Faso.

    The companys results demonstrate a continuity of high grade mineralisation throughout the 55 Zone and it reports a grade of 23.3 grams per tonne of gold over 6.7 meters in the drill ho..
  • Obtala Resources announces changes to board

    2013-07-08
    Obtala Resources Limited has appointed Mr. Joseph Philippe Cohen as Financial Director with immediate effect, replacing Mr. Mike Bretherton who has stepped down from the board in order to pursue other commitments.

    Phillippe, who is based in Switzerland, is a graduate of the Ecole Suprieure de Commerce de Paris. He has over 30 years..
  • Keaton Energys quarterly update

    2013-07-08
    Keaton Energy Holdings Limiteds Vanggatfontein colliery has delivered a 48 % increase from the previous quarters output of 356 518 tonnes, approximately 70% higher than the corresponding period last year. 

    This was a delivery of 526 034 tonnes of washed 2-seam and 4-seam thermal
  • Rockwell Diamonds first quarter production update

    2013-07-08
    Rockwell Diamonds Incorporated has provided a production update, which it considers to be in line with the companys strategy for the for the first quarter of its 2014 financial year ending 31 May 2013.

    The company experienced a reduction in carat production as a result of the operations at their Tirisano mine in
  • Firestone Energy appoints new company secretary

    2013-07-08
    Firestone Energy Limited has announced the appointment of David McEntaggart as the companys new secretary following the effective resignation of Mr Jerry Monzu.

    The board would like to thank Mr. Monzu for his efforts to date and wish him well in his future endeavors.

    Mr. McEnta..
  • South Boulder appoints new joint company secretary

    2013-07-04
    ASX listed resources company South Boulder Mines Limited, has announced the appointment of Flavio Garofalo as the companys new Joint Company Secretary.

    Mr Garofalo will carry out his duties alongside Dennis Wilkins who the companys current Company Secretary and Chief Financial Officer.

    &..
  • Drilling results for Goldstone's project in Gabon

    2013-07-04
    Goldstone Resources Limited has announced positive drill results from its 100% owned Ngoutou project in Gabon.

    The company reports the discovery of wide gold mineralisation in the first two holes that covers 120 metres of the strike.  The companys gold mineralisation remains open in all direction and requires additional dr..
  • Wescoal appoints new Director

    2013-07-03
    Wescoal Holdings Limited has appointed Ms Kabela Maroga as the companys new Independent non-Executive Director.

     Ms Maroga has over 13 years of experience and is the Managing Director of Kabela Consulting. She is a qualified Chartered Accountant with an engineering Diploma and serves the board of Redisa and RBA Holding Lim..
  • Anglo Platinum appoints independent non-executive Directors

    2013-07-03
    Anglo America Platinum Limited is has appointed three independent non-executive directors to the board, with effect from 1 July 2013.

     The company appoint Chartered Accounted, Ms Dhangasagree Naidoo; Engineer Ms Nombulelo Moholi and Mr Nkateku Peter Mageza who is a Certified Chartered Accountant.
    &..
  • African Rainbow announces changes to the board

    2013-07-03
    Mr Mangisi Gule has announced  his retirement as Executive Director of African Rainbow Minerals Limited as of 30 June 2013. 

    From 1 July 2013, Mr Gule will become a non-executive Director of the company and his position taken up by Mr Dan Simelane, who is  the Chief Executive of African R..
  • Nemex acquires prospective gold project in Cte dIvoire

    2013-07-02
    Australian based explorer, Nemex Resources Limited, has been granted three exploration licences for gold and base metals in Cte dIvoire.

    The company has lodged applications for an additional three licences in the country, which is considered to be under-explored. The licence areas are based on predictive studies targeting structur..
  • Positive progress for Tawanas low-cost Liberia project

    2013-07-02
    Tawana Resources NL has reported positive progress on its Mofe Creek iron ore project in Liberia.

    This comes after a preliminary assessment on the project returned positive results, showing potential for the Mofe Creek iron project. Test work confirm..
  • Sierra Rutile announces changes to the Board

    2013-07-02
    Following the resignation of Michael Barton as a Non-Executive Director, Sierra Rutile is pleased to announce the appointment of Martyn Buttenshaw in his place.

    Bartons resignation and Buttenshaws appointment will both take effect from the close of the Annual General Meeting which is to be held at 3pm on 9 July 2013.
    &l..
  • Stratmin Global Resources appoints Managing Director

    2013-07-02
    Manoli Yannaghas has been appointed as StratMin Global Resources Plcs London-based Managing Director.

    The company also wishes to announce that with immediate effect, Chairman Gobind Sahneyn has become a Non-Executive Chairman of the company.

    Yannaghas has worked for Greenwich A..
  • Pan African begins production at Barberton Tailings Retreatment project

    2013-07-02
    On 28 June 2013, Pan African had its first gold pour at its Barberton Mines following the successful commissioning of the Barberton Tailings Retreatment project.

    Construction for the Barberton Tailings Retreatment project in South Africa, began in..
  • Kibo Mining releases year end results

    2013-07-02
    Kibo Mining PLC is pleased to announce its audited 15 Month Financial Results for the period ending 31 December 2012.

    The highlights of the results include the completion of a 100% acquisition of Mzuri Gold Limited and Mayborn Resources Limited as w..
  • Intra Energys coal sales update and changes to the board

    2013-07-01
    Intra Energy Corporation Limited has released an update on its coal sales and announced changes to the board.

    Sales have increased for Intra Energys two subsidiaries; Tancoal Energy Limited and Malcoal Mining Limited. 

    Tancoal Energy has signed
  • Gemfields reschedules Singapore Auction

    2013-07-01
    On 5 April 2013, Zambias Minister of Mines, Energy and Water Development distributed a press statement restricting Kagem Mining Limited from auctioning its produce, mined from Kagem.

    Gemfields, which owns 75% of the Kagem mine, had already scheduled an auction in Singapore from 10-14 June 2013. Following the ministers decision Gemf..
  • Lonmin provides management and furnace updates

    2013-07-01
    Lonmin Plc has announced that the repairs to its Number Two furnace have been completed on schedule.  

    The furnace is now running at 5MW and its first matte tap occurred on 25 June 2013. The companys Number One furnace had its first matte tap on 13 June 2013 and is running at a stable rate.

    ..
  • StratMin provides operational update

    2013-06-26
    Graphite producer and explorer, StratMin Global Resources Plc, has provided an update on its graphite operations which are located in Madagascar.

    The company has reported significant progress on the expansion and improvement of their graphite operations. Highlighted in the update was the 3 130 tonnes of graphite bearing ore which ha..
  • Obtala Resources bounces back from loss in FY12

    2013-06-26
    Obtala Resources Limited reported positive results for its financial year ended 31 December 2012.

    The group returned to profitability in the current financial year, recording a 10.6 million profit from a 4 million loss in 2011. Net assets increased by 19% to 79.5 million, while the group remained debt free.
    ..
  • Zambezi Resources provides update on Zambia Environmental Study

    2013-06-26
    Zambezi Resources Limited has provided an update on the Environmental Impact Study (EIS) undertaken by Mwembeshi Resources Limited, a wholly owned subsidiary of the company.

    During September 2012, Mwembeshi Resources was informed by the Zambia Environmental Management Agency that its EIS with regards to the Kangaluwi
  • North River Resources commences drilling at Namib Mine

    2013-06-26
    Following an on-going review of structural geology done by Dr Neal Reynolds, North River Resources Plc has announced that it has begun drilling at its flagship Namib Lead Zinc Mine in Namibia.

    The companys aim is to verify the overall extent of ..
  • Minerals Corporation commences drilling at Luishia project

    2013-06-26
    Minerals Corporation Limited has announced that the drilling of borehole LSCB16 at the companys Luishia project has commenced.

    The borehole is at their joint venture tenement located in the South Central region of the Katanga Province in the Democratic of Republic of Congo. The current exploration program started in May 2013 and is..
  • Tawana confirms high grade iron deposit in Liberia

    2013-06-25
    Tawana Resources NL has released the results of metallurgical testing that was being conducted at the companys wholly owned Mofe Creek Iron project in Liberia.

    The test work was targeted at the friable itabirite at the Gofolo and Koehnko prospects w..
  • Zyl revises settlement agreement

    2013-06-24

     Zyl Limited has announced that it will not be proceeding with the acquisition of the Mbila anthracite project in South Africa.

    Following this decision the Settlement Agreement previously signed has been revised. The capital raising objective of AUD5.6 million..

  • West African Minerals issues new ordinary shares

    2013-06-24
    Iron ore miner and explorer, West African Minerals Corporation, has issued an additional 166 666 new ordinary shares. 

    The shares were issued at a price of 0.25 each and will be admitted to trade on Londons AIM Exchange on 26 June 2013. 

    The company holds <..
  • Shanta Gold secure hedge contracts against a volatile market

    2013-06-24
    Gold producer Shanta Gold Limited has secured a number of forward sale contracts for 2013 and 2014, in an attempt to offset the effects of a persistently volatile gold market.

    The company has taken the precaution in view of the upcoming capital spend to ..
  • Select Exploration seek to raise $0.83m in rights issue

    2013-06-24
    ASX listed Select Exploration Limited has announced a pro-rata renounceable rights issue offer to its shareholders, in an effort to raise $831 090.

    Under the rights issue, eligible shareholders will have the right to subscribe for two new shares for every one held at $0.01 per share. Funds raised will be utilised to further ongoing ..
  • Kasbah confirms high grade tin zones at Achmmach project

    2013-06-24
    Kasbah Resources has announced the results of in-fill drilling on sections at is Achmmach project in Morocco.
    Drilling has already demonstrated the potential for additional tonnage to be added to the Measured Category during the next Resource update.
    ..
  • African Eagles CEO steps down

    2013-06-24
    African Eagle Resources has announced the resignation of Trevor Moss from his position as CEO and board member. Moss resignation followed the announcement made by the company  regarding the suspension of all activities at the Dutwa project and the funding of its subsidiaries in
  • Jubilee Platinum releases update on the disposal of non-core assets

    2013-06-19
    Jubilee Platinum Plc previously entered into a Sale of Shares Agreement with Global Renewal Energy Limited. The agreement was for the acquisition of 100% of the issued share capital of Jubilee Platinums wholly owned subsidiary, Jubilee Smelting and Refining (Pty) Ltd, as well as 70% of the issued share..
  • Positive economic results for Coal of Africas Makhado project

    2013-06-19
    Coal of Africa Limited announced positive results from the Definitive Feasibility Study completed on its flagship Makhado coking coal project in the Limpopo Province of South Africa.

    <..
  • Baobab Resources scales up production model at Tete

    2013-06-18
    Mozambican-focused explorer, Baobab Resources Plc, has announced an increased production scenario for its Tete pig iron project.

    The project, which is located in the Tete Province in Mozambique, previously outlined a compelling 1Mtpa commercial case ..
  • African Minerals achieves 20Mtpa export rate

    2013-06-18
    Africa-focused miner, African Minerals Limited, has successfully achieved its 20Mtpa target export rate during Q2 2013. 

    The company operates the Tonkolili iron ore project in Sierra Leone and has exported 10 Cape size vessels carrying 1.7 m..
  • Golden Rims Burkina Faso project delivers significant results

    2013-06-18
    West African focused gold explorer, Golden Rim Resources, has announced positive results from a drilling programme conducted on its Korongou gold project in Burkina Faso.

    &l..
  • Xstate Resources sells off its Tunisian assets

    2013-06-18
    Oil and gas producer, Xstate Resources Limited, has completed the sale of its Tunisian assets to LSE listed Gulfsands Petrleum Plc.

    The sale follows approval from Tunisian authorities. Xstate is set to receive a further cash bonus of $500 000 upon first production resulting from the drilling of the next exploration well on the Kerko..
  • Blackthorn Resources provides Zambian project update

    2013-06-18
    Blackthorn Resources Limited has provided an update on activities at its Mumbwa copper project which hosts the companys flagship Kitumba copper deposit in Zambia.

  • Baobab Resources announces appointment of corporate advisor

    2013-06-13
    Baobab Resources Plc has announced that it has retained Standard Chartered Bank as its strategic corporate advisor.

    Standard Chartered Banks role is to assist Baobab Resources in determining and executing its strategic and corporate opportunities with specific attention to the companys
  • Sylvania Platinum grants options

    2013-06-13
    Sylvania Platinum Limited has granted board member, Mr Stuart Murray 1 000 000 options over the companys ordinary shares of $0.10 each.

    The options have a nil exercise price and expire on 11 June 2023. The options are subject to time-based vesting, with 20% of the options vesting on 12 June 2015, 40% vesting on 12 June 2016 and the..
  • Glencore Xstrata announces three additions to the board

    2013-06-12
    Glencore Xstrata has anounced the appointment of three new Directors to the board with immediate effect.

    John Mack has been appointed as an Independent Non-Executive Director. Mack was the Chief Executive Officer and Chairman of Morgan Stanley and also served as Co-Chief Executive Officer of Credit Suisse.
    <..
  • Stratmin issues new ordinary shares

    2013-06-12
    AIM Listed producer and explorer StratMin Global Resources Plc, has issued 126 620 new ordinary shares at 0.04 each.

    The shares were issued to satisfy certain existing commitments and are set to commence trading on 17 June 2013, after which the companys total ordinary shares issued will amount to 60 523 317 shares.
    <..
  • Keaton Energy announces provisional results

    2013-06-12
    Keaton Energy Holdings Limited has released its reviewed provisional results for the year ended 31 March 2013.

    The group experienced a 94% increase in revenue which amounted to R919 million. In the first half of the reporting period the group reported  a gross loss of R38 million while in the second half, reported a gross p..
  • Azania extends bauxite project in Madagascar

    2013-06-11
    Minerals explorer Azania Limited has announced a significant extension of the scale and scope of its Manantenina bauxite exploration programme in Madagascar.

    The company has acquired an additional 18.75km of exploration permits for the area, which the company believes to be highly prospective for the discovery of bauxite. Previous ..
  • Montero Mining announces changes to board

    2013-06-11
    Mineral explorer and developer, Montero Mining and Exploration Limited, has announced the resignation of David Hodgson from the companys board.

    Mr Hodgson has stepped down due to personal reasons and the board is looking at finding a replacement in the coming months.

    The compan..
  • Frontline Gold secures $200 000 shares for debt agreement

    2013-06-11
    Frontline Gold Corporation has entered into a shares-for-debt agreement with an arms length creditor.

    The company will issue to the creditor 2.5 million ordinary shares at $0.08 per share, to settle a debt amounting to $200 000. The company decided to settle the debt using shares in order to preserve cash for its operations.
  • Bannon Limited intercepts high grade mineralisation in Namibia

    2013-06-11
    ASX listed Bannon Limited has reported positive results from exploration activities conducted on the companys lead-zinc-silver project in Namibia.

    The company intercepted high grade lead-zinc-silver mineralisation at the Otuziru prospect which f..
  • High grade results from Uranex Tanzania project

    2013-06-11
    Australian based explorer, Uranex Limited, has reported positive results from samples taken on the outcrop of its Nachu graphite project in Tanzania.

    The results showed graphite assays of up to 54.7% graphitic carbon content, confirming the potent..
  • Zambian government halts Gemfields auction

    2013-06-10
    AIM listed Gemfields Plcs auction of higher quality rough emerald and beryl gems from the companys Kagem emerald mine has been placed on hold.

    This comes after Yamfwa Mukanga, Zambias Minister of Mines, Energy and Water Development issued a press statement restraining the Kagem mine and other producers from auctioning emeralds ou..
  • Noble Mineral Resources provides market update

    2013-06-10
    Noble Mineral Resources has released an update on the company and its Bibiani gold project.

    Surface operations at the companys Bibiani gold project in Ghana continue to be suspended whi..
  • Diamcor Mining announces private placement

    2013-06-07
    Diamcor Mining Incorporated has announced its intention to undertake a non-brokered private placement of up to 1 500 000 units.

    The units are comprised of one common share and half of one common share purchase warrants. A whole common share purchase warrant entitles the holder, for a period of 36 months following issuance, to purcha..
  • Sama Resources announces two additions to the board

    2013-06-07
    Effective 3 June 2013, Sama Resources appointed Marcel Aubut and Richard Quesnel to the board of directors.

    Aubut has been a corporate lawyer for over 30 years and was the President, CEO and co-owner of Qubec Nordiques. He has served multiple companies and boards including, Atomic Energy of Canada, Olymel L.P, Boralex Power Income ..
  • Update on Rumble Resources Derosa project

    2013-06-07
    Rumble Resources Limited has released an update on its Derosa gold project in Burkina Faso.

    The ASX listed company is scheduled to begin its Air Core drill pr..
  • Resgen and Noble Resources enter into a domestic offtake contract

    2013-06-04
    Resource Generation Limited has signed a domestic offtake contract with Nobel Resources International Pte. Ltd, a wholly owned subsidiary of the Noble Group.

    The contract states that Resource Generation will supply 3 million tonnes of coal per annum ..
  • Positive drilling results for Hummingbird Resources Liberia project

    2013-06-03
    Liberian gold explorer, Hummingbird Resources Plc, announced the results from ongoing drill work at its Dugbe gold project in Liberia.

    The drill programme focused on incr..
  • Bellzone Minings JV sells FGM Iron ship

    2013-06-03
    Bellzone Mining Plcs Forcariah joint venture (JV) with China International Fund Ltd announced the disposal of its ship named FGM Iron for $8.9 million.

    The Forcariah JV recently carried out an in-depth analysis of its operations, which showed that the potential use of the FGM Iron or alternative vessel was neither an operationa..
  • Select Explorations Managing Director resigns

    2013-06-03
    Select Exploration Limited has announced the resignation of its Managing Director, Shane Cranswick.

    Cranswick was the founding Managing Director and was instrumental in the companys re-listing on the ASX in November 2012. Cranswick was the driving f..
  • Celamin Holdings raises $5.45 million to advance phosphate project

    2013-06-03
    Celamin Holdings Plc announced the completion of its capital raising bid for $5.45 million at $0.15 per share. 

    The target was reached following the receipt of $1.495 million from Avery International, which now holds a 17.6% stake in the company.

    The company intends to ..
  • Director resigns from Chrometco

    2013-06-03
    Chrometco Limited has announced the resignation of Christopher Seabrooke. Seabrooke was an Independent Non-Executive Director for the company and also served as Chairman of the Audit Committee.

    Seabrooke who is a director for multiple listed and numerous unlisted companies is looking to decrease his board commitments so as to still ..
  • Trans Hex Groups audited results for FY13

    2013-06-03
    Trans Hex Group Limited has released its audited financial results for the year ended 31 March 2013.

    Revenue from diamond sales remained stable at R751.3 million, while the groups net profit dropped by R122.9 million to a total of R85.4 million for 2013..
  • Coal prices and strikes affect Forbes Coal FY13 results

    2013-05-31
    Forbes & Manhattan Coal Corporation (Forbes Coal) reported a 34% drop in revenue for their FY13 period ended 28 February 2013. 

    Revenue fell from $104.5 million in the previous year to $68.5 million in the current year, while gross profits dropped from $17.4 million to $0.9 million over the same period. The decrease..
  • Beacon Hill Resources announces changes to the board

    2013-05-29
    Beacon Hill Resources Plc has appointed Mr Christian Ramirez as a non-executive director to the board of directors. Ramirez holds a Bachelor in Civil Industrial Engineering, an MBA and a Masters in Finance. He has 10 years experience in investment and equity research and most recently held the position of Chief Investment Officer of Asesorias e Inversiones Benjamin, the Chilean manager ..
  • Paragon Diamonds subscription to raise 1.55 million

    2013-05-29
    Paragon Diamonds Limited has announced that it has conditionally raised 1.55 million through a subscription by current and new shareholders for a total of 31 000 000 ordinary shares of 1p at 5p each.

    The subscription will be handled in two stages, the initial stage being the issue of 28 200 000 shares under the companys existing a..
  • Trans Hex Group releases unaudited trading statement

    2013-05-29
    Trans Hex Group Limited is in the process of finalising its results for the 12 month period ended 31 March 2013 and is scheduled to publish the final results in early June 2013. 

    The company is expecting to report a 59% decrease in its net profit when compared to the previous years corresponding period a decline from R208...
  • Royal Bafokeng Platinum appoints a new non-executive director

    2013-05-29
    Royal Bafokeng Platinum Limited has announced the appointment of Mr Lucas Ndala as a non-executive director to its board of directors effective from 28 May 2013.

    Mr Ndala holds a number of directorships for companies including Fraser Alexander (Proprietary) Limited, Atterbury Investment Holdings (Proprietary) Limited and MB Technolo..
  • Mwana Africas Klipspringer Slimes Retreatment Programme update

    2013-05-28
    Mwana Africa Plcs 100% owned subsidiary, Southern Era Diamonds Incorporated, has signed a profit share agreement with Greenhurst Mining and Exploration (Pty) Ltd.  According to the agreement, Greenhurst will retreat fine residual tailings at Mwana Africas Klipspringer diamond mine, in
  • Evraz announces non-executive directors resignation

    2013-05-28
    Peter Surgey submitted his resignation, effective immediately, from his role as non-executive director of Evraz Highveld Steel and Vanadium Limited on 24 May 2013.

    Surgey joined the Evraz board on 1 March 2010 and served on the Audit and Risk Committee. He also chaired the Remuneration and Nomination Committee.
  • Globe Metals & Mining completes share buy-back programme

    2013-05-28
    Globe Metals & Mining Limited announced that is has completed its share buy-back programme. 

    The programme began on 14 June 2012 following the approval  from the Australian Foreign Investment Review Board for Globe Metals & Mini..
  • IMX Resources appoints a new non-executive director

    2013-05-28
    IMX Resources Limited has announced the appointment of Mr Sun Wei to the board of directors as a non-executive director. Mr Sun began his role on 23 May 2013 and replaces Mr Song Yuan Gang who resigned from the board on the same day.

    Mr Sun is a non-executive director at Pepinnini Minerals Limited and Ferrowest Resources Limited. He..
  • Argosy Minerals holds off on KwaZulu-Natal coal acquisition

    2013-05-28
    Argosy Minerals Limited announced on the 21 November 2012 that it was planning to acquire two coal projects in Kwa-Zulu Natal, South Africa through the exercising of an option. The company has since announced its decision to n..
  • Excellent gold recoveries for Gryphon Minerals Banfora gold project

    2013-05-28
    Gryphon Minerals Limited has undertaken heap leach testing of typical oxide and transitional ore at its Nogbele deposit which is part of the Banfora gold project in Burkina Faso. The testing confirmed a gold recovery rate of ..
  • Rockwell Diamonds reports Q4 loss following impairments

    2013-05-28
    Rockwell Diamonds Inc has reported a net loss of CAD 3.7 million for the quarter ended 28 February 2013. The JSE and TSX listed diamond company attributed the loss to major impairments due the turnaround strategy employed by the company to resolve loss making operations.

    However, the company reported positive revenue growth for the ..
  • Aquarius Platinum pledge to support BEE partners

    2013-05-28

    Platinum producer Aquarius Platinum Limited announced its resolution to provide a limited guarantee and pledge to the companys Black Economic Empowerment (BEE) partners.


    The decision was taken to assist in preserving the company..

  • Jubilee Platinums financial, operational and transactional update

    2013-05-22
    Jubilee Platinum Plc has released its financial and operational update for the first quarter of 2013 as well as a transactional update on the intended acquisition of Platinum Australia Limited.

    The company reports that the unaudited quarterly revenues an..
  • African Mining and Exploration announces changes to the board

    2013-05-21
    David Archer has been appointed as an Independent Non-Executive Director of African Mining & Exploration Plc with effect from 21 May 2013. Archer has been involved in the international resources industry for over 30 years and has acted in executive and non-executive roles for multiple listed companies.

    Archer is a barrister ..
  • Amara Mining granted Environmental Permit for Sega

    2013-05-21
    Amara Mining Plc has announced that it has been granted the Environmental Permit for its Sega gold project in Burkina Faso, 20km north of the companys Kalsaka gold mine. This is a vital step in the companys plan to integrate its Sega and Kalsaka gold operations, with the aim of extending production opportu..
  • Licenses renewed for Blackthorn Resources Mumbwa Project

    2013-05-21
    Blackthorn Resources Limited has announced that its Musafwa and Kachindu prospecting licenses in Zambia have been renewed.

    This is the second of three 2-year renewal periods allowed and has extended the companys Musafwa license expiry date to 15 June 2015 and the Kachindu license expiry date to 7 July 2015.
    &l..
  • Waratah Resources announces new strategic initiatives

    2013-05-21
    Waratah Resources Limited has announced that it is streamlining its business to greater leverage its key strengths. Waratah Resources is planning to create two new key divisions: African iron ore and Australian commodities to further drive shareholder wealth.

    &l..
  • Zyl granted mining right for South African coal project

    2013-05-21
    Anthracite coal producer Zyl Limited has been granted a mining right for the Kangwane South coal project in South Africa

    The Kangwane South coal project is oper..
  • Volta Mining to raise AUD1m to fund iron project in Gabon

    2013-05-21
    West Africa focused iron miner, Volta Mining Limited, plans to raise AUD1 million to fund the completion of its drilling activities at the Mbombo iron project in Gabon.

    The company will undertake a share purchase plan to eligible shareholders in conjunct..
  • Strong gold intercepts from Castle Minerals Ghana project

    2013-05-21

    Castle Minerals Limited has reported further strong intercepts from drilling activities defining a new 600m long zone of continuous mineralisation at its Bundi prospect.

    The prospect forms part of the companys Wa

  • West African Resources extends high-grade zone of gold discovery

    2013-05-21
    The high-grade zone at West African Resources Limiteds Sartenga copper-gold discovery has been extended by 800 metres. The discovery is part of the companys Boulsa gold project in Burkina Faso.
  • Miranda Minerals advises shareholders of its trading statement

    2013-05-21
    Miranda Minerals Holdings Limited wishes to advise shareholders of the increase in Net Asset Value per share from 1.42cps, at 29 February 2012, to between 2.0cps and 5.0cps at 28 February 2013. 

    The Net Tangible Asset Value also increased by approximately R9.2 million since the last published interim results in February 201..
  • Progress on financing for Firestones Liqhobong mine

    2013-05-21
    Firestone Diamonds Plc has released an update concerning its on-going finance initiatives for the Main Treatment Plant (MTP) at its flagship Liqhobong diamond mine in Lesotho.

    The mandate has been signed with a leading international bank to take the lead..
  • Randgold Resources secures $200 million credit facility

    2013-05-21
    Randgold Resources Limited has announced that the company has entered into a $200 million unsecured revolving credit facility with HSBC, Barclays, Citibank and Standard Chartered.

    HSBC acted as the sole book runner with the other three banks acting as mandated lead arrangers. The terms of the credit facility are favourable to the co..
  • Positive DFS results for Aureus Liberia gold project

    2013-05-21
    Aureus Mining Incorporated has released the results of its Definitive Feasibility Study (DFS) for its 100% owned New Liberty Gold Project in Liberia.

    The results show that the project is economically robust and has recently undergone major optimisation work on its designs, operations and environmental aspects to decrease risk.&n..
  • Globe Metals & Mining appoints new CEO

    2013-05-21
    Globe Metals & Mining Limited has appointed Mr Alistair Stephens as the New Chief Executive Officer of the company.

    Globe Metals & Mining is currently focused on its Kanyika niobium project in Malawi, which Mr Stephens will be responsib..
  • Three AngloGold Ashanti board members retire

    2013-05-21
    AngloGold Ashanti has announced the retirement of three of its directors from the companys board.WA Nairn, FB Arisman and F Ohene Kena announced their retirement at the comapanys Annual general Meeting on Monday, 13 May 2013.

  • Infrasors Holdings CEO resigns

    2013-05-21
    Infrasors Holdings Limited has announced the resignation of Trevor Robinson who has served as Chief Executive Officer since 27 September 2009. 

    The board wishes Robinson all the best for his future endeavours and thank him for his valuable contribution over the last 3 years.

  • SEMAFOs operating activities cash flow amounts to $38.8 million

    2013-05-14
    SEMAFO Incorporated has released financial and operational results for Q1 2013.

    The company reports a 2% drop in gold production from the corresponding period of 2012 but saw gold sales increase of 6% totalling $106.1million. The company made an operatin..
  • Great Quest Metals annual general meeting results

    2013-05-14
    At Great Quest Metals Limiteds annual general meeting on 10 May 2013, John Clarke (Chairman), Jed Richardson (CEO), Victor Jones, Ehud Levy, Gordon Peeling and David Shaw were re-elected as directors of the company.

    Jed Richardson has been serving as the interim President and CEO since February 2013 and as a director since April 20..
  • Rio Tinto Plc appoints a new company secretary

    2013-05-14
    Following the resignation of Ben Mathews from the position of company secretary for Rio Tinto Plc and joint company secretary for Rio Tinto Limited, the company has appointed Eleanor Evans.

    Evans will take on the role of company secretary effective from 7 June 2013, the same day Mathews resignation takes effect and she will be base..
  • Sable Mining Africa extends exploration area on Guinea iron project

    2013-05-14
    Sable Mining Africa Limited intends to conduct drill-testing on an extension to the mineralisation area at the companys Nimba iron ore project in Guinea.

    This follows the recently completed JORC Resource report for the project, which extends the area of..
  • Mwana provides update on DRC project

    2013-05-14
    Mwana has announced the results from metallurgical test work conducted on its Zani-Kodo project in the Democratic Republic of Congo (DRC).

    The results from test work done on samples taken show that the ore responded well to all recovery processes inv..
  • Caledonias Blanket mine delivers positive Q1 results

    2013-05-14
    Dual listed Caledonia Mining Corporation released its operating and financial results for the first quarter of its 2013 financial year.

    The company owns 49% of the Blanket gold mine in
  • Hodges secures 75% of Morupule project in Bostwana

    2013-05-14
    Hodges Resources Limited has secured 75% of the Morupule South Project, following the completion of an earn-in agreement with SDNP Manufacture Mining and Construction Services (Pty) Ltd.

    Upon satisfaction of the terms of the agreement, the two companies will now form a joint venture that will hold the permit on the Morupule
  • Kibaran reports positive results from Tanzania

    2013-05-14
    Kibaran Resources Limited has announced positive results from its trenching activities at its Epanko prospect, which forms part of the Mahenge graphite project in Tanzania.

    Trenching results returned significant graphitic intersections, confirming the..
  • Noble Mineral Resources provides Bibiani gold project update

    2013-05-14
    Noble Mineral Resources Limited advises that the establishment of a profitable underground mining operation is supported by on-going comprehensive review of its Bibiani gold project in Ghana.

    &l..
  • IMX Resources intersects further mineralisation at Ntaka Hill

    2013-05-14
    IMX Resources Limited has announced that an additional two diamond drill holes at Ntaka Hill, in Tanzania, have been completed. Both drill holes have intersected continuous disseminated sulphide mineralisation..

    The company is expecting a mobile sample preparation laboratory, operated under ALS Minerals supervision, to arrive at Nta..
  • Legend Mining announces Ngovayang project gold exploration update

    2013-05-14
    Legend Mining Limited has announced an update for its gold exploration efforts at its Ngovayang project in Cameroon, West Africa.

    Through stream sediment sampling and gold
  • Lonmin releases 2013 interim results

    2013-05-14
    Lonmin Plc has released its interim results for the period ended 31 March 2013.
    Lonmin experienced positive safety statistics for the first half of the year. The Marikana operations, in South Africa, had 6 million fatality free shifts while 1B/4B operations had 7 million fatality fre..
  • DiamondCorp releases results for the 2012 financial year

    2013-05-14
    The African diamond mining and exploration company, DiamondCorp Plc, released its audited final results for the year ended 31 December 2012. The company is pleased to report a decrease in its net loss from 4 239 146 in 2011 to 3 534 940 at the end of 2012. The companys cash on 31 December 2012 amounted to 4 319 776.

    Since the ye..
  • African Copper releases Q4 and FY12 production highlights

    2013-05-10
    African Copper, a wholly owned subsidiary of ZCI Limited, has announced that production from its 100% owned mines in Botswana amounted to 2 429Mt of copper in concentrate. The production results were for the quarter ended 28 ..
  • Central Rand Gold's Notice Of Annual General Meeting And Share Capital Reorganisation

    2013-05-09
    Further to the 'Annual Report Release' announcement dated 29 April 2013, shareholders are hereby advised that the notice of the 2013 annual general meeting (AGM) to be held on Friday, 7 June 2013, form of proxy and form of surrender have now been released using electronic means. Shareholders should, therefore, download copies of the circular, notice and forms of proxy and su..
  • Continental Coal completes strategic financing transaction with Village Main Reef

    2013-05-08
    Continental Coal Limited has announced today the settlement of the strategic financing transaction with Village Main Reef Limited.

    Continental Coal has received the AUS$8 million from
  • Pan African strengthened by Evander acquisition

    2013-05-08
    Pan African Resources Plc has seen positive results since the successful acquisition of the Evander gold mines from Harmony Gold Mining Company in February 2013. 

    Both Evander and the companys Barberton gold operation in
  • African Mining & Exploration to focus on Mali

    2013-05-08
    West African focussed explorer African Mining & Exploration Plc, have indicated that they are well on track to achieving their strategic goal of concentrating on early exploration opportunities in West Africa.

    A key milestone in achieving this objective was the successful acquisition of the Caracal
  • Edenville Energy results for the year ended 31 December 2012

    2013-05-07
    Edenville Energy Plc, the AIM listed coal exploration and development company, has released its audited results for the year ended 31 December 2012.

    Operational highlights of the results included the maiden JORC Compliant Resource Estimate for Mkomolo and the maiden drilling programme at Muze. In April 2012, the Mkomolo resource was..
  • Aureus Mining orders a ball mill for its New Liberty Gold Project

    2013-05-07
    Aureus Mining Incorporated, the AIM listed gold miner, is pleased to announce it has ordered a ball mill for its New Liberty gold project in Liberia.

    According to..
  • TanzaniteOne Mining signs a Letter of Intent for new mining license

    2013-05-07
    TanzaniteOne Mining Limited, a wholly owned subsidiary of Richland Resources Limited, has signed a Letter of Intent (LOI) for a new mining license in Tanzania. The LOI was signed in conjunction with STAMICO, the mining arm of the Tanzanian Government.

  • Update on Wescoals Vlaklaagte and Elandspruit transactions

    2013-05-06
     JSE listed Wescoal Holdings Limited has seen progress on the acquisition of the Elandspruit mining right from Xstrata, as well as the disposal of the companys Vlaklaagte mining right to Xstrata.

    Xstrata has obtained Ministerial consent for the transfer of mining rights for the Elandspruit
  • Tawana Resources NL releases strategic review and market update

    2013-05-06
    Tawana Resources NL has announced that the company will undertake a strategic review of potential financing and partnership options to advance its Mofe Creek iron ore project in Liberia.
  • Keaton Energys production update for the year ended 31 March 2013

    2013-05-06
    Keaton Energy Holdings Limited has released a production update for the year ended 31 March 2013. 

    The South Africa based coal mining company is pleased t..
  • Zyl announces 2013 Q1 report

    2013-05-06
    Zyl Limited has released its interim report covering the first quarter of 2013. Highlights include the resolution of the legal dispute between Zyl Limited and its Mbila Project Vendors, the completion of the Mbila projects Independent Competent Persons Report and the successful renegotiation of the Kang..
  • Noble releases March 2013 quarterly report

    2013-05-02
    Noble Mineral Resources Limited has released its quarterly report for the first quarter of 2013. The ASX listed gold producer completed its A$85m capital raising endeavour and is pleased to report the Investec loan facility a..
  • Aquarius Platinum releases 2013 first quarter results

    2013-04-30
    Aquarius Platinum Limited has announced its financial and production results for the quarter ended 31 March 2013. The company is pleased to report a 20% increase in 4E (platinum, palladium, gold and rhodium) production from opera..
  • Gold One announces 2013 first quarter results

    2013-04-30
    Gold One International Limited has released its results pertaining to the first quarter of 2013. The company is pleased to report that gold production for the quarter amounted to 61 853 ounces and the revenue recorded for the quarter was the highest in
  • Universal Coal Kangala mine update

    2013-04-29
    Universal Coal Plc has released an update on its Kangala mine which is located in the Witbank coalfield in South Africa.

    The company has completed the process of hiring contractors and additional in-house personnel to ensure development of the Kangala..
  • Argonaut to undertake regional exploration in Zambia

    2013-04-29
    Argonaut Resources NL has released details pertaining to its plans to undertake regional exploration this year at its Lumwana West license in the North Western Province of Zambia.

    The company has outlined the four highest priority prospects to be its ..
  • West Peak releases complete stage 2 drilling assay results

    2013-04-29
    West Peak Iron Limited has announced that all assay results from its stage 2 drilling programme on its eastern prospects of the Bomi South Project license have been received. 

    West Peak's results showed significant intervals of 48m at 38...
  • Coal of Africa releases 2013 first quarter report

    2013-04-29
    The coal exploration, development and mining company, Coal of Africa Limited, has released its report for the first quarter of 2013.

    The report showed a significant year-on-year decrease in coal production from 1 153 486 tonnes in Q1 2012 to 911 563 tonn..
  • Central Rand Gold annual results

    2013-04-29
    Central Rand Gold Limited has released positive annual results for the year ended 31 December 2012.

    Highlights included the stabilisation of mining operations and increase of ore production to targeted 12,000 tonnes per month (tpm) and a subsequent run rate of 14,000 tpm in the final quarter of 2012.
  • Paul Venter appointed as CEO of Ncondenzi

    2013-04-29
    The Mozambican-focused coal and power development company, Ncondenzi Coal Company Limited, has appointed Paul Venter as the companys new Chief Executive Officer.

    Paul Venter was appointed Chief Operating Officer of the company in June 2012, and will take up the position of Chief Executive with immediate effect. Mr Venter brings ove..
  • North River raises 1 million to fund Namib project

    2013-04-29
    North River Resources Plc has conditionally raised gross proceeds of approximately 1 million through the issue of 285 714 300 new ordinary shares, at a price of 0.35 pence per share.

    The funds raised will allow North River to accelerate the process of re-opening the Namib lead-zinc mine in
  • Merafe Resources releases production report for Q1 2013

    2013-04-26
    Merafe Resources Limited announced that the companys 2013 first quarter ferrochrome production volumes increased by 3% from the comparative period in 2012. 

    Following the successful commissioning and ramp up of the companys Tswelopele pelletising plant in
  • Noble Mineral Resources appoints new CEO

    2013-04-26
    Nobel Mineral Resources Limited has announced that with effect from 22 July 2013, Craig Dawson will be appointed as the companys new Chief Executive Officer.

    Mr. Dawson holds an MBA from the University of Western Australia and is a member of the Australian Institute of Mining and Metallurgy. 
  • Exxaro looks to dispose of NCC operation

    2013-04-26
    Diversified resources miner, Exxaro Resources Limited, reported on Wednesday that they are initiating processes that may result in the disposal of its New Clydesdale Colliery in Mpumalanga, South Africa.

    The decision comes after the company received s..
  • DRDGOLDs Q3 revenue up 16%

    2013-04-26

    Gold producer DRDGOLD Limited reported positive results for Q3 2013 and the nine months ended 31 March 2013.

    Gold production was up 3% to 35 796 ounces in Q3 compared to the corresponding quarter in 2012, while overall production c..

  • African Consolidated Resources appoints Neville Nicolau to the board

    2013-04-26
    London listed African Consolidated Resources Plc has announced the appointment of Neville Nicolau to the companys board of directors. The former Chief of Anglo American Platinum Limited will assume his role as Non-Executive Director of the company with immediate effect.

    &l..
  • BEE partner increases holding in Goldplats subsidiary

    2013-04-26
    Black Economic Empowerment Company, Amabubesi Property Holdings (Pty) Ltd, has signed an agreement with African focused gold producer Goldplat Plc to increase its stake in the company.
    Amabubesi will increase their shareholding in the companys
  • Eurasian Natural Resources Corporation appoints an Acting Chairman

    2013-04-26
    London listed Eurasian Natural Resources Corporation (ENRC) has appointed Mr Gerhard Ammann as Acting Chairman with immediate effect. This follows the resignation of Mehmet Dalman from the companys board.

    Mr Ammann has been a Non-Executive Director with the company for the past five years and has experience spanning over 30 years a..
  • Kogi provides update on Nigerian iron project

    2013-04-24
    Kogi Iron Limited has provided an update on its exploration activities at its Agbaja iron project, located in the Kogi State of Nigeria.

    The
  • DiamondCorp Plc issue of equity

    2013-04-24
    DiamondCorp Plc has issued 1 500 000 new ordinary shares for 3 pence each in the capital of the company to a financial advisor as a success fee for introducing Laurelton Diamonds Inc., a subsidiary of Tiffany & Co. Laurelton Diamonds has completed a diamond off take agreement with DiamondCorps 74% o..
  • Coal of Africa announces changes to the board

    2013-04-23
    Coal of Africa announced today, 23 April 2013 that Chief Executive Officer John Wallington, will not be renewing his contract with the company. His role as CEO ends officially on 31 May 2013, after three years of service to Coal of Africa. Chairman, David Brown will take up the role of acting CEO for a max..
  • Gem Diamonds appoints new Chief Financial Officer

    2013-04-23
    Gem Diamonds Limited has announced the appointment of Michael Michael as the companys new Chief Financial Officer, effective from 2 April 2013, after Kevin Burford retired on 1 April 2013. 

    Michael has 20 years of experience in the financial management field and has been the Group Financial Manager, since 2006, he has been..
  • Kibaran releases Epanko Prospect assay results

    2013-04-22
    Kibaran Resources Limited is pleased to announce the results of the assay performed on diamond drill holes at the companys 100% owned Epanko Prospect in Tanzania.

    Diamond drilling assay results have been significantly more positive than the rever..
  • Results from Gemfields rough emerald and beryl auction

    2013-04-22
    Gemfields Plc has announced the results from its rough emerald and beryl auction held in Lusaka, Zambia from the 15 to 19 April 2013.

    6.3 million carats of the 17.3 million carats on offer were sold; generating US$15.2 million in revenue. &nbs..
  • Paragon Diamonds releases results of Lemphane scoping study

    2013-04-22
    Paragon Diamonds Limited has announced the results of the recently commissioned scoping study on its Lemphane kimberlite project in Lesotho. 

    The company aims to mine 27 million tonnes of kimberlite, up to 280m below surface at a waste:ore ratio of 1.3:1. The all-in mining costs were calculated as being less than US$20/tonn..
  • Results of scoping study on Bushveld Minerals iron ore project

    2013-04-22
    Bushveld Minerals Limited has announced the results of its scoping study on the P-Q Zone of its iron ore project in South Africa.

    The P-Q Zone only accounts for 12..
  • ZYLs CEO resigns

    2013-04-18

    ZYL Limited has announced the resignation of Director and CEO, Ian Benning. Benning believes now is an appropriate time to step down as the company has two new major shareholders joining the Board with their own visions for ZYLs future.&..

  • Chalice releases quarterly report for the period ended 31 March 2013

    2013-04-17
    Chalice Gold Mines Limited is pleased to report that drilling at its Mogoraib River prospect in Eritrea, East Africa, re-commenced within Q1 2013. 

    The prospect is located in the companys Mogoraib North project where multiple zones of massi..
  • Sirocco appoints Richard Clark as President and CEO

    2013-04-16
    Richard Clark, who is currently CEO of Canadas Sirocco Mining Inc, has been appointed as President and CEO effective from 12 April 2013.

    The appointment comes after former President, Simon Jackson, resigned from the position following his appointment as President and CEO of another mining company.

    &l..
  • Sea Dragon appoints new Chief Executive

    2013-04-16
    Sea Dragon Energy Inc has appointed Paul Welch as their new President and CEO with immediate effect. 

    Mr Welch has replaced Said Arrata, who will continue to serve on the board of the TSX listed company as Director and Executive Chairman, while Tony Anton will step down as President and will now assume the position of Execu..
  • StratMin issues 17 499 new shares

    2013-04-16
    StratMin Global Resources Plc has announced the issue of 17 499 new ordinary shares. 

    The London listed graphite explorer and producer issued the shares at 4 pence each in relation to an exercise of warrants.

    The companys total ordinary shares will amount to 60 396 997..
  • Rockwell set to reinvest proceeds from Klipdam mine sale

    2013-04-16
    Rockwell Diamonds Incorporated is pleased to announce the finalisation of the agreement to sell its Klipdam Mine for R23 million, to be paid in three tranches. The sale of the mine, associated properties and various equipment brings the total proceeds to R48 million.

    In addition, the companys board of directors has agreed to take t..
  • Papillon Resources announces assay results from Fekola

    2013-04-16
    Papillon Resources Limited is pleased to announce positive results from 27 recent drill holes at its Fekola project in Mali

    Assay results from the drill holes confirm extensions of
  • Castle Minerals discovers high grade gold at its Jango prospect

    2013-04-16
    Castle Minerals Limited is pleased to announce its mapping and rock sampling efforts have established a new area of high grade gold at the Jango prospect in Ghana.

    Tests h..
  • West African Minerals latest assay results from South Djadom

    2013-04-16
    West African Minerals Corporations latest results from its scout, reverse circulation drill holes have extended the area of iron mineralisation by 6km on its South Djadom property in Cameroon.
  • Syrah Resources announces plans to recommence drilling at Balama

    2013-04-16
    Syrah Resources Limited is pleased to announce it will recommence drilling at its 100% owned Balama graphite and vanadium projects in northern Mozambique in May 2013.

    The companys Ativa zone in Balama West has an Inferred Resource of 21 million tonnes at 20.8% total graphitic carbon (TGC) and 0.38% vanadium pentoxide (V₂O..
  • Birimian Gold commences second phase drilling at Massigui

    2013-04-16
    Birimian Gold Limited is pleased to announce the commencement of the second phase reverse circulation and diamond drilling programme at the Massigui project in Mali.

    The scheduled drilling is aimed at identifying extensions to the recently uncovered, ..
  • Encouraging metallurgical test results from Celamins Chaketma project

    2013-04-16
    Celamin Holdings Limited is pleased to announce the results of metallurgical tests performed on its Chaketma phosphate project in Tunisia.

    Bench scale test work was carried out and generated the following results: the project has a concentrate grade of 31% phosphorus pentoxide (P₂O₅) with a recovery rate of 68%. ..
  • Palabora releases operations overview and production statistics for Q1 2013

    2013-04-16
    Palabora Mining Company Limited is pleased to release its operational and production highlights from the first quarter of 2013. The company faced many unforeseen challenges in Q1 2013 including illegal strike action, the rail derailment in Mozambique among other equipment failures.

    Results show that ore hoisted was 25% lower than th..
  • Miranda announces resignation of Financial Director

    2013-04-16
    Miranda Mineral Holdings Limited has announced to its shareholders that the companys Financial Director, Ms Carina de Beer, has resigned from her position effective from 12 April 2013.

    The company has made Mr. Adriaan Botha the interim Chief Financial Officer with immediate effect until a new Financial Director can be appointed. Th..
  • Sierra Rutile finalises supply agreement

    2013-04-15
    Sierra Rutile Limited is pleased to announce the completion of its 70 000 tonne rutile supply agreement with a major pigment producer. 

    The agreement ensures a significant portion of the companys rutile production is sold. The agreement stipulates that the company will supply a total of seven 10 000 tonnes shipments before..
  • Caledonia Mining announces retirement of independent director

    2013-04-15
    Caledonia Mining Corporation has announced the retirement of Chris Harvey from his position as independent director on the companys board of directors, effective immediately. 

    Harvey will still continue to act as a consultant to the board given his extensive knowledge of the company and its operations which includes the Bl..
  • Shanta Gold release its unaudited results for 2012

    2013-04-15
    Shanta Gold Limited is pleased to release its final operational and corporate unaudited results for the year ended 31 December 2012. 

    With regards to operations, the company began mining from the Bauhinia Creek pit in Tanzania, with ore being..
  • PMI raises placement capacity to 25%

    2013-04-15
    PMI Gold Corporation has recently graduated from the TSX Venture Exchange to the main board of the TSX, as such the company has been granted a waiver from the ASX listing rule 7.1.

    ASX listing rule 7.1 deals with the companys ability to issue securi..
  • Wescoal releases mining and operational update

    2013-04-15
    Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal Holdings Ltd, has received all necessary authorisations to begin mining at the Intibane Colliery located in the Witbank Coalfield, South Africa. The colliery is estimated to hold 188 million tonnes of
  • Infrasors announces changes to the board

    2013-04-11
    Infrasors Holdings Limited would like to welcome Theunis de Bruyn to the company. Mr. De Bruyn has been appointed as a non-executive director of the companys board. His appointment became effective yesterday, 10 April 2013.

    Infrasors has mineral sands and limestone operations in
  • DiamondCorp releases Lace Mine Development Update

    2013-04-11
    DiamondCorp Plc, the diamond development and exploration company is pleased to provide an update on the development of its Lace diamond mine in the Free State, South Africa.

    On Wednesday 10 April 2013, the company received the last tranche of the $3 million of loan funds from a wholly owned subsidiary of Tiffany & Co, Laurel..
  • Centamin announces preliminary production results for Q1 2013

    2013-04-09
    Centamin Plc has released its preliminary production results from the Sukari gold mine in Egypt for the quarter ended 31 March 2013.

    Total gold production has increased by 77% from the corresponding quarter in 2012 and increased by 2% from Q4 2012; makin..
  • Uranium One announces the appointment of a new CFO

    2013-04-09
    Uranium One Incorporated has announced today the appointment of its new Executive Vice President and Chief Financial Officer, Grier Colter.

    Colter is a Chartered Financial Analyst and has his Honours in Business Administration from Wilfrid Laurier University. Colter was the Treasurer of Moneris Solutions Corporation before moving to..
  • Harmony Gold announces lower quarter on quarter gold production

    2013-04-09
    Harmony Gold Mining Company Limited announced today that it expects its gold production for the quarter ended 31 March 2013 to be approximately 15% lower than in the previous quarter. 

    Harmony Gold attributes this dip in gold production to a num..
  • Obtala releases corporate and operational update

    2013-04-09
    The natural resource investment and development company, Obtala Resources Limited, is pleased to release its corporate update.

    On 3 April 2013 approval was received in the General Meeting for the off-market buyback of 11 949 378 of the companys ordinary shares held by Mineral Wealth international in Bushveld Minerals. The transacti..
  • Hummingbird releases Preliminary Economic Assessment results

    2013-04-09
    The Liberian gold explorer, Hummingbird Resources Plc, is pleased to announce the results of the Preliminary Economic Assessment (PEA) of its Dugbe 1 Project in Liberia West Africa.

    The PEA was carried out by Wardell Armstrong International (WAI) wit..
  • Nyota Minerals completes its Tranche 2 Placement

    2013-04-09
    Nyota Minerals Limited has announced the completion of Tranche 2 of its 4 000 000 placement with new institutional investors and current shareholders, including Centamin Plc and Resource Capital Fund V LP.

    After the General Meeting (4 April 2013) and the receiving of 2 100 000 of Tranche 2 funds, the company released 105 000 000 o..
  • Sabre releases latest results from Pad 5 at Guchab

    2013-04-08
    Sabre Resources Limited is pleased to announce the results on its Pad 5 in Guchab. The company has just completed seven drill holes on this pad with an eighth currently in progress. All drill holes have intersected oxidised, epithermal copper mineralisation.  

  • Blackthorn updates its Kitumba mineral resources estimate

    2013-04-08
    Blackthorn Resources Limited is pleased to announce its revised mineral resource estimate for its Kitumba deposit in Zambia. 

    After Blackthorn Resource's phase 6 drilling programme was completed, it enlisted the help of the MSA Group from..
  • Accra Joint Venture awards Drilling Rig Services contract for the Starfish prospect

    2013-04-08
    Tap Oil Limited is pleased to announce that Stena Drilling has been awarded the Drilling Rig Services contract by the Accra Joint Venture for the drilling of the Starfish oil prospect in Ghana

    The Starfish-1 well is to be drilled by the Ste..
  • Uranex announces exploration plans for 2013

    2013-04-08
    In 2012 Uranex Limited identified the extension of mineralisation to the south of the Likuyu North uranium deposit as well as the possibility of the deposit being suitable for in-situ leaching. In-situ leaching can have an effect on the capital and operating costs of the project and hence, this year, the company is planning to put emphasis on testing the proposition of the in-situ leach..
  • PMI appoints new chairman and proposes changes to the Board

    2013-04-05
    PMI Gold Corporation is pleased to announce the appointment of James Askew as Chairman and a Non-Executive Director of the company. 

    Askew is a mining engineer with experience as a chairman, CEO and director for a wide range of mining companies. He has had constant involvement with the
  • Plymouth Minerals acquires options for Zambian exploration

    2013-04-03
    Plymouth Minerals Limited has entered into two exclusive option agreements to explore for copper-gold prospects in the Zambian copperbelt as well as other prospective regions in Zambia.

    ..
  • Golden Rim Resources closes $2.27 million rights issue

    2013-04-02
    Golden Rim Resources Limited closed its rights issue with shareholders taking up 23 144 250 shares representing 33 656 442 shares in shortfall. The total raised from the issue will amount to $2.27 million.

    Through the issue, ordinary shareholders were given the opportunity to purchase one ordinary share for every nine held at an iss..
  • Range River Gold secures AU$35m loan and completes Ariona acquisition

    2013-04-02
    Range River Gold Limited has secured a AU$35 million convertible loan facility from Standard Bank, South Africa.
     
    This led to the completion of Range River Golds acquisition of Ariona Company SA, which took place on 28 March 2013. As a result, Ran..
  • Positive drill results for Celamins Tunisian project

    2013-04-02
    Celamin Holdings NL has announced positive results from continued exploration drilling and trenching at its Chaketma Phosphate project in Tunisia, which it operates with Tunisian Mining Services SARL.

    Drilling and trenching activities at four of the ASX<..
  • Firestone Energys restated investment agreement terminated

    2013-04-02
    Firestone Energy Ltd has been in negotiations for the setting of a revised date for the second stage completion under the guidelines of the Restated Investment Agreement with Ariona SA, BBY Nominees (Pty) Ltd and Jaguar Funds Management Ltd. 

    Negotiations were expected to be resolved by 28 March 2013 and since no resolution..
  • Noble and Resource Generation establish strategic partnership

    2013-04-02
    Resource Generation Ltd has placed 21 352 350 ordinary shares at 40 cents per share to Barsington Ltd which is a wholly owned subsidiary of the Noble Group.  The Noble Group now holds 7.5% of the company.

    The Noble Group has granted the compan..
  • Continental Coal shareholders approve transaction with Village Main Reef

    2013-04-02
    Shareholders of South African thermal coal production, development and exploration company, Continental Coal Ltd, have today approved Village Main Reef Ltds strategic investment in the company. Village Main Reef is a South African Based diversified mining company with
  • Update on consultation process for Anglo American Platinums restructuring proposals

    2013-04-02
    On 28 January 2013 Anglo American Platinum Ltd, the Department of Mineral Resources (DMR) and organised labour unions agreed to postpone the Section 189 process under the Labour Act for 60 days. This was to make certain that a thorough consultation process could take place between the company, the DMR and the various unions.

    The com..
  • Anglo American decides not to proceed with Revubo project

    2013-04-02
    Anglo American Plc has announced it will not go through with its intended acquisition of a 58.9% interest in the Revubo metallurgical coal project in Mozambique. The acquisition was subject to a range of conditions which have not yet been met.

    The company still wishes to establish a position in the promising metallurgical
  • Jubilee Platinum releases reviewed interim results

    2013-04-02
    Jubilee Platinum Plc is pleased to report its financial and operational highlights for the half year period ending 31 December 2012. Revenues for the company increased by 61.5% as expected with the ramping up of the smelter operations and gross profit amounted to 750 000. In October, Jubilee Platinum Plc i..
  • Positive progress on Orezone Golds Burkina Faso project

    2013-03-28
    Canadian explorer and developer, Orezone Gold Corporation, has provided an update on the progress of the ongoing feasibility study at its Bombore gold project in Burkina Faso.

  • Frontline Gold enters share debt settlement agreement

    2013-03-28
    Canadian junior explorer, Frontline Gold Corp, has entered into a debt settlement agreement with its President and CEO Henry Walter. 

    This comes after Mr Walter advanced cash to the amount of $1 000 000 to the company. The company agreed to issue an aggregate of 20 000 000 common shares at $0.05 per share in settlement of t..
  • Lucara welcomes a new Chief Operating Officer

    2013-03-28
    Lucara Diamond Corp. is pleased to announce the appointment of Paul Day as Chief Operating Office for the company, effective from 15 April 2013.

    Day has 22 years of mining operations experience across several African countries such as Namibia, &l..
  • Centamin delivers strong results for FY12

    2013-03-28
    LSE and TSX listed Centamin Plc announced the release of their results for the 2012 financial year ended 31 December 2012.

    Gold production for the year increased 30% to 262 828 ounces from 202 699 ounces in 2011, while profits climbed by 3% to $199 m..
  • Amara announces positive FY12 results

    2013-03-28
    AIM and TSX listed West African miner, Amara Mining Plc, announced positive results for its financial year ended 31 December 2012. 

    The companys Kalsaka gold mine in
  • Sylvania Platinum releases audited interim results

    2013-03-27
    Sylvania Platinum Limited has announced its audited interim results for the six month period ending 31 December 2013. 

    During this period the company disposed of its iron ore asset and proceeds to the tune of US$10 million were distributed w..
  • Bushveld Minerals Limpopo iron ore project update

    2013-03-27
    The mineral development company, Bushveld Minerals Limited, has released an operations update on its iron ore project in Limpopo province, South Africa. The company particularly focuses on the weathered portion of the ..
  • StratMin releases its first operations report

    2013-03-26
    The graphite production and exploration company, StratMin Global Resources Plc, is pleased to release details concerning its progress since its readmission to the AIM exchange on 29 January 2013.

    The company is undertaking a production ramp up which is reported to be moving forward in line with managements expectations. The company..
  • Edenville Energy reveals updated mineral resource estimate

    2013-03-26
    Coal exploration and development company, Edenville Energy plc, announced today its updated mineral resources estimate for its Rukwa Coalfield project in Tanzania. The estimate was prepared by Sound Mining Solutions Limited (SMS) of
  • Coal of Africa signs co-operation agreement

    2013-03-26
    Coal of Africa Limited is pleased to announce the finalisation of the co-operation agreement with Haohua Energy International (HEI), a subsidiary of Beijing Haohua Energy Resource Co. Limited (BHE). 

    BHE is based in Beijing and is involved in the mining, washing, exporting and sale of
  • Potential farminee agrees to WHL Energys non-binding letter of intent

    2013-03-26
    WHL Energy Limited is pleased to announce the completion of a non-binding letter of intent with a potential farminee. 

    The potential farminee is a top 100 Global Fortune 500 Company with considerable technical, exploration and production experience. The farminees capabilities and assets are in line with
  • Positive results from Shaw Rivers soil sampling programme at Otjozondu

    2013-03-26
    Recent soil sampling at Shaw River Manganese Limiteds 75.5% owned Otjozondu manganese project in Namibia has identified new zones of mineralisation. Two new zones of inconsistent manganese mineralisation have brought areas adjacent and south of the Labusrus deposit to light.

  • Sibanye Gold redeems debt

    2013-03-26
    Sibanye Gold Limited is pleased to announce it has redeemed R570 million of its bridge loan facilities. 

    This was made possible by the cash generated within the first three months of 2013. The companys gross debt position has subsequently declined to R4 billion and net debt has dropped to R3.6 billion.
  • Merafe Resources announces 2013 second quarter ferrochrome price

    2013-03-26
    Merafe Resources Limited has informed its shareholders about the 13% increase in the European benchmark ferrochrome prices from last quarter. 

    In the first quarter of 2013 ferrochrome stood at 112.5 US cents per pound and has settled at 127 US cents per pound in the second quarter.

  • Sula Iron & Gold appoints new director

    2013-03-26
    Sula Iron & Gold Plc has announced the appointment of Gareth O'Donovan as Non-Executive Technical Director.

    Mr O'Donovan is a Corporate Consultant Geologist with over 27 years of experience in mining and exploration projects in Africa and across the world. He has been the Managing Director of SRK Exploration Servic..
  • Obtala Resources director resigns

    2013-03-26
    The African focused strategic Investment company, Obtala Resources Limited, has announced the resignation of James Ede-Golightly as a Non-Executive Director. Mr Ede-Golightlys resignation took effect from 22 March 2013; he cited personal reasons for his resignation.

    Obtala Resources holds several interests in established
  • Firestone Energy advises shareholders to reject Range River acquisition offer

    2013-03-25
    Firestone Energy Limiteds board has strongly suggested that its shareholders reject ASX listed Range River Gold Limiteds takeover offer.

    This follows the receipt of a Bidders statement from Range River during March 2013, which the board conside..
  • Director of Endeavour Mining resigns

    2013-03-25
    James H. Coleman of Endeavour Mining Limited handed over his resignation this week, following the acquisition of Avion Gold Corp. Coleman was directly involved in the integrating of assets during the course of the acquisition. 

    Michael Beckett, chairman of Avion Gold, commented that Endeavour Mining appreciates Colemans co..
  • Positive progress for Noble Mineral Resources Ghanaian gold project

    2013-03-22
    Gold producer, Noble Mineral Resources Limited, has reported positive progress on its gold operations in Ghana.

    The ASX listed companys current focus has been..
  • Positive feasibility study results for Oromin Explorations Senegal project

    2013-03-20
    Canadian explorer Oromin Explorations Limited has reported positive results from a Technical Report received by SRK Consulting Canada Inc, for their current feasibility study.

    The feasibility study is regarding the Oromin Joint Venture Groups gold proje..
  • Forsys Metals reports positive results from Namibia

    2013-03-20
    Forsys Metals Corp has reported positive drilling results from their exploration programme at the Norasa uranium project, an extension of the companys Valencia license in Namibia.

  • Frontline Gold commences incentive stock option plan

    2013-03-20
    Frontline Gold Corporation have granted 2 650 000 incentive stock options to its directors, officers, employees and consultants. 

    2 450 000 of the options are immediately exercisable for the next three years at $0.10 per share. The remaining 200 000 were issued to the companys investor relations consultants, vesting one th..
  • Banro Corporation Twangiza and Namoya personnel update

    2013-03-20
    TSX listed Banro Corporation has announced personnel updates for their operations in the Democratic Republic of Congo.

    Following the exit of Colin Belshaw, Dan Bansah will assume more responsibilities in his position of VP Exploration. Bansah wil..
  • Eurasian Natural Resources Corporation release preliminary results for 2012

    2013-03-20
    Eurasian Natural Resources Corporation Plc has released preliminary results for the year ended 31 December 2012 as well as the companys outlook for 2013. 

    The company faced a difficult pricing environment that saw a decrease in its revenues and an increase in the cost of sales which has been attributed to higher depreciati..
  • Nyota Minerals reports changes to its board

    2013-03-20
    The East African gold exploration and development company, Nyota Minerals Limited, has announced the resignation of two of its Directors.

    David Pettman and Martyn Churchouse will no longer serve on the companys board effective immediately. Mr Churchouse was instrumental in the development of the Definitive Feasibility Study for the..
  • Stellar Diamonds announces unaudited six month results

    2013-03-20
    Stellar Diamonds Plc has significantly increased its Tongo JORC compliant resource to over one million carats after drilling an additional 2.929m at their diamond project in Guinea. 

    The companys second Guinea based diamond project, Droujba, ha..
  • Bushveld Minerals receives approval for additions to its license area

    2013-03-20
    Bushveld Minerals Limited has received permission from the Department of Mineral Resources to add the Schoonoord 786 LR and Bellevue 808 LR farms to its 95LR license area in South Africa.

    In addition, the company will add phosphate rock to its list of..
  • Azumah Resources reports positive results from Ghana

    2013-03-19
    Azumah Resources Limited has completed RC drilling at Josephine North, which resulted in an intercept of 3.38g/t gold at 4m from 28m. Drilling to the south west recorded no further extensions; however more recent interpretations propose that the holes were positioned too far south. Plans for follow up drilling will be undertaken in the coming weeks.

  • Erongo Energy announces results from the Maniema project

    2013-03-19
    Erongo Energy Limited has announced the results of recently completed diamond drill holes in at the Maniema gold project in the Democratic Republic of Congo

    All drill holes hit gold mineralisation along the Kabotshome structure. Result..
  • Additions to Beacon Hill Resources executive management team

    2013-03-19
    Beacon Hill Resources Plc has announced the appointment of a new Chief Operations Officer and Operations Manager Rail. 

    John Daly has been appointed as Chief Operations Officer and has previously worked as the Operations Manager at the companys Middleburg
  • Change of ownership to Emu Nickels subsidiary does not hamper production

    2013-03-19
    After two weeks under new ownership, Superkolong (Pty) Ltd has recovered 3 160 carats of diamonds from its plant in Kimberly, South Africa

    Superkolong (Pty) Ltd has been under 50/50 ownership of Emu Nickel NLs subsidiary Emu Blue (Pty)..
  • Trans Hex Group diamond production and sales

    2013-03-19
    Trans Hex Group Limited has announced sales amounting to R635.9 million for approximately 56 587 carats of diamonds sold for the year ending 31 January 2013. Cash and cash equivalents of the year ending 28 February 2013 totalled R355.3 million. 

  • Power outage at Sibanye Golds Driefontein mine

    2013-03-19
    An Eskom substation lost power after a lightning strike on Wednesday, 13 March 2013, which affected the power supply to Sibanye Gold Limiteds Driefontein gold mine in South Africa.

    <..
  • Tawana Resources announces exploration target for Mofe Creek

    2013-03-19
    Tawana Resources NL has announced an overall exploration target size potential of between 360 and 670 million tonnes for the Mofe Creek iron project in Liberia

    &l..
  • Changes to Gold Fields executive committee

    2013-03-18
    Gold Fields Limited has promoted its executive vice president of human resources, Kgabo Moabelo, to managing executive in South Africa. Moabelo has been with Gold Fields since 2010 and has leadership experience within the mining, energy, finance and information technology sectors. Moabelo will take on..
  • Work stoppages affect Sylvania Platinums operations

    2013-03-13
    Several work stoppages at Samancor Chrome (Pty) Ltds mines have affected Sylvania Platinum Limiteds operations. Samancor Chromes Mooinooi and Millsell mines in South Africa serve as host mines to Sylvania Platinums operations.

    Underground inci..
  • Infrasors reports changes to its board

    2013-03-13
    Infrasors Holdings Limited has announced the resignation of Mr CH Boulle from the company's Board of Directors. Mr Boulle served as an Independent Non-Executive Director since the company's listing on the JSE in April 2007.

    Other changes to the board included Afrimat Limited's CEO AJ van Heerden and Financial Director HP Verreynne, being appoi..
  • Kenmare reports 40% increase in preliminary FY12 revenue

    2013-03-12
    Kenmare Resources Plc has reported positive preliminary year end results for the 2012 financial year. 

    The London listed mining and exploration company operates the Moma titanium mine in Mozambique. Revenue was up 40% to $234.6 million in FY12 compared to $167.5 million in 2011, profits climbed from $23.7 million in FY11 to..
  • Beacon Hill to raise $25 million through cash placement

    2013-03-12
    AIM and ASX listed coal producer Beacon Hill Resources Plc has announced its intention to raise between $15 million and $25 million through the placement of new ordinary shares at 0.25 pence per share.

    The shares will be issued in two tranches, with the second tranche being subject to shareholders approval. The capital raised will ..
  • Segue Resources provides update on restructure of SA operations

    2013-03-12
    Segue Resources Limited has undertaken in the past few months several restructuring initiatives with regards to its Emang Manganese project in South Africa

    The companys board has assessed several alternatives to provide funding for con..
  • Strategic Natural Resources provides operational update

    2013-03-12
    Strategic Natural Resources has provided an update on its 74% owned subsidiary, Elitheni Coal (Pty) Ltd which has coal operations in the Eastern Cape of South Africa

  • Waratah Resources Gabon operations improve following restructure

    2013-03-11
    ASX listed Waratah Resources Limited has been under new management since October 2012 and has undergone significant restructuring initiatives.

    These initiatives have resulted in a dramatic improvement in operational efficiencies, with a renewed focus on exploration activities in Gabon. The compa