RESULTS AND REPORTS

  • Tawana Resources commences construction at the Bald Hill Mine

    2017-08-15
    Tawana Resources NL announced the execution of an Engineering, Procurement and Construction (EPC) contract with Primero Group to build a 1.2 million tonne per annum Dense Media Separation (DMS) circuit at the Bald Hill Lithium and Tantalum Mine (the Project). The EPC contract is a “lump sum, fixed price” contract valued at A$30 million. Primero was chosen for their expertise in lith..
  • Avocet Mining extends standstill agreement

    2017-08-15
    Avocet Mining Plc announced that the standstill agreement with its major trade and financial creditors and its subsidiary Société des Mines de Bélahouro SA ('SMB') that operates the Inata gold mine in Burkina Faso, has been further extended until 18 August 2017.

    SMB has been in discussions with trade creditors, banks an..
  • Bushveld Minerals provides operational update

    2017-08-15
    Bushveld Minerals Limited provided an operational update with respect to Vametco Alloys (Proprietary) Limited ("Vametco"), the South African vanadium mining operation jointly acquired by the Company and Yellow Dragon Holdings Limited ("Yellow Dragon") from Evraz Group S.A. in April 2017.  

    Bushveld Vamet..
  • 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..
  • Premier African Minerals increases stake in Circum Minerals

    2017-08-15
    Premier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern and Western Africa is pleased to announce that it has today conditionally agreed to acquire from GMP Securities LP ("GMP") an additional interest of 416,667 shares in Circum Minerals Limited ("Circum"), (representing 0.5 per cent. of t..
  • KEFI Minerals reduces funding requirements

    2017-08-15
    KEFI Minerals Plc is pleased to report that the residual funding requirement for the Company's Tulu Kapi gold project (the "Project"), having been reduced from US$289 million in January 2014 to US$32 million following the Oryx Management Limited ("Oryx") agreement announced on 17 July 2017, has now been further reduced to US$24 million, based on refinements to p..
  • Rainbow Rare Earths confirms exceptional rare earth grades

    2017-08-15
    Rainbow Rare Earths  Limited announced that independent laboratory testing recently undertaken in respect of its 'main vein' at Gasagwe has returned an average Total Rare Earth Oxide ("TREO") grade of 62.17%.  Gasagwe is the area within the Company's 39km2 mining licence which is expected to provide ore for the first two years of production, wh..
  • Ferrum Crescent publishes update on re toral lead-zinc project

    2017-06-21
    Ferrum Crescent Limited has engaged the geological advisory services of Mr Myles Campion to assist in progressing its current exploration portfolio in Northern Spain. Mr Campion has extensive professional experience in resource delineation, both as an exploration geologist and as a resources sector fund manager.

    Mr Campion has a com..
  • Sibanye Gold successfully completes an oversubscribed bond placement

    2017-06-21
    Sibanye Gold Limited reported that it has successfully completed a US$1.05 billion international corporate bond offering, which was approximately two times oversubscribed.

    The bonds comprise two tranches: a US$500 million 5 year (non-call 2) note that will carry a 6.125% coupon and a US$550 million 8 year (non-call 4) note that will..
  • Pallinghurst Resources publishes update on Gemfields

    2017-06-19
    On 19 May 2017, the Board of Pallinghurst Resources Limited announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (other than the 258,908,915 Gemfields Shares already held by the Pallinghurst Group, representing 47.09% of Gemfields’ existing issued share capital), t..
  • 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 ..
  • Tawana Resources provides maiden results for Bald Hill Lithium And Tantalum Project

    2017-06-14
    Tawana Resources NL and Alliance Mineral Assets Limited announced a maiden Indicated and Inferred lithium Mineral Resource for the Bald Hill Lithium and Tantalum Project.

    Highlights

    - Resource independently estimated by CSA Global Pty Ltd.
    - Maiden Indicate..
  • 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..
  • 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 ..
  • KEFI Minerals concentrated on progressing Tulu Kapi during the year

    2017-06-07
    KEFI Minerals Plc announced its final results for the year ended 31 December 2016.

    Tulu Kapi, Ethiopia

    During 2016, KEFI concentrated on progressing the Tulu Kapi gold project ("Tulu Kapi"), Ethiopia's first modern mine, and on upgrading its gold and copper explor..
  • 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..
  • 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 completes BEE supported transaction

    2017-06-07
    Bushveld Minerals Limited provided the following update on the completion of the change in ownership of Vametco Holdings (Proprietary) Limited's ("Vametco") Black Economic Empowerment ("BEE") partners.

    Highlights:
    •Jaxson 640 (Proprietary) Limited's ("Jaxso..
  • Stellar Diamonds to sell its Guinea assets for $2 million

    2017-06-05
    Stellar Diamonds Plc announced that it has entered into a conditional binding Term Sheet with BDG Capital Limited ("BDG") in relation to the proposed sale of Stellar's assets in the Republic of Guinea.
     
    Highlights:
    •US$2,000,000 cash consideration price for Guinea assets
    ..
  • Petmin provides Tendele litigation update

    2017-05-24
    Petmin Limited published an update on status of litigation between Petmin's subsidiary, Tendele Coal Mining Proprietary Limited and one of its customers. 

    As previously disclosed in more detail in paragraph 57 of the combined offer circular to Petmin shareholders posted on 3 April 2017, Petmin's subsidiary, Tendel..
  • Tawana Resources appoints new Company Secretary

    2017-05-24
    Tawana Resources NL has advised of the appointment of Mr Craig Hasson as Joint Company Secretary of the Company effective immediately.

    Mr Hasson was appointed Commercial Manager of the Company in March 2017. He is a Chartered Accountant with over 15 years of accounting and finance experience with a number of ASX listed companies in ..
  • Ian Ashby to join the Anglo American Board

    2017-05-24
    Anglo American Plc announced that Ian Ashby will join the Board as a non-executive director, with effect 25 July 2017.

    Mr Ashby has 37 years of experience in the mining industry, including 25 years in a wide variety of roles with BHP Billiton, ultimately leading the company’s iron ore business. Since retiring from BHP Billiton in ..
  • 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..
  • Central Rand Gold suspends trading

    2017-05-12
    As reported on 10 May 2017, the negotiation of annual wage increases has ended in a dead lock, and the employees have embarked on industrial action in the form of a strike. The Company reports that relations are worsening and that management of its subsidiaries have been excluded from the premises, preventing the Company’s Board of Directors from receiving timely and accurate informat..
  • 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.

    <..
  • Impala Platinum reports encouraging progress across the group

    2017-04-26
    Impala Platinum Holdings Limited released its third quarter production results for the period 1 January to 31 March 2017.

    SAFETY

    Implats’ safety strategy remains centred on transforming our safety culture. This transformational journey to realising zero harm is supported by va..
  • 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..
  • BHP Billiton continues to improve productivity

    2017-04-26
    BHP Billiton Plc released its operational review for the Nine Months Ended 31 March 2017. 


    . Record production for the nine month period achieved at Western Australia Iron Ore (WAIO) and five Queensland Coal mines.

    . Following 44 days of..
  • Tawana Resources signs lithium concentrate offtake for Bald Hill

    2017-04-26
    Tawana Resources NL announced it has signed a binding long-term exclusive lithium concentrate offtake agreement (Agreement) with a 100% owned subsidiary of Burwill Holdings Ltd (Burwill), a company listed on the main Board of The Stock Exchange of Hong Kong Limited (stock code 0024). 

    The Agreement is for the supply of lith..
  • Sula Iron & Gold first batch of samples dispatched for assay

    2017-04-19
    Sula Iron & Gold Plc announced that the first batch of borehole samples, destined for assay at the ALS laboratories in Ireland, have been dispatched from Sierra Leone.  

    These samples were collected from the first holes drilled by the Company in its current drill programme at its Ferensola Gold Project. <..
  • 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..
  • Stratex International releases operating and corporate update

    2017-04-19
    Stratex  International  Plc provided a corporate and asset portfolio update. 

    Altıntepe Gold Mine, Turkey (Stratex ownership: 45%)

    Further to the announcement on 27th February 2017, the Company provides an update in relation to its 45% stake in the Al..
  • Sibanye Gold receives approval on proposed acquisition

    2017-04-18
    Sibanye Gold Limited announced that on 14 April 2017 it received unconditional approval from the Committee on Foreign Investment into the United States (“CFIUS”), with respect to the proposed acquisition of Stillwater Mining Company (“Stillwater”)(“the Transaction”), which was announced on 9 December 2016. 

    All ..
  • 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..
  • 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..
  • Pan African Resources proposes funding for Elikhulu Tailings Project

    2017-04-12
    Pan African Resources Plc announced a proposed comprehensive funding package for the Elikhulu Tailings Project, comprising:

    -   a proposed placing (the “Placing”) to existing and new institutional investors of 291,480,983 new ordinary shares of 1 pence each (“Placing Shares” or “New Ordinary Shares”) ..
  • Anglo American sells its Eskom-tied Thermal Coal Operations in SA

    2017-04-10
    Anglo American announced the sale of its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited (“Seriti”), a company majority owned by historically disadvantaged South Africans (“HDSAs”) and led by a management team with extensive experience of operating and developing large coal mines in South A..
  • Tharisa reported a quarter of steady production

    2017-04-10
    Tharisa Plc published its second quarter production report for the period ended 31 March 2017. 

    Highlights for the three months ended 31 March 2017:

    -    Reef mined of 1 219.2 kt continues to exceed the required run rate of 4.8 Mtpa on an annualised ba..
  • Gem Diamonds recovers exceptional 114 carat diamond

    2017-04-07
    Gem Diamonds Limited announced the recovery of a 114 carat, D colour Type II diamond of exceptional quality from the Letšeng mine in Lesotho.

    The Letšeng mine is well-known for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. <..
  • 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..
  • Tharisa transitions to owner mining model

    2017-04-04

    Tharisa Plc, a profitable low cost producer of PGMs and chrome, owns a large scale open pit operation with an open pit life of 18 years and a further 40 years of underground mine extension. With the long life of the open pit Tharisa has been evaluating the benefits of transitioning from contract mining to an owner mining model at its Tharisa Mine in Sout..
  • 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 completes acquisition of Cowan Lithium Project

    2017-03-28
    Tawana Resources NL (“Tawana” or the “Company”) advises that the vendors of the Cowan and Yallari Lithium Projects (refer ASX announcement 6 March 2017) have elected to receive $1,000,000 in cash and $1,000,000 in Tawana shares (50% escrowed for 12 months).

    Refer accompanying Appendix 3B and ASX releases 6 March 2017 and 11 ..
  • Ferrum Crescent successfully completed the GoldQuest Iberica acquisition

    2017-03-16
    Ferrum Crescent Limited published its results for the half-year ended 31 December 2016. 

    Highlights:

    - Placement of new shares, raising AUD 655,034 in July and AUD 927,850 in December
    - Completion of the acquisition of GoldQuest Iberica, S.L.
  • 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..

  • Northam Platinum acquires Eland Platinum mine

    2017-02-24
    Northam Platinum Limited announced that it has entered into the following agreements:

    -  an agreement with Glencore Operations South Africa (Pty) Ltd (“GOSA”) to purchase the Eland Platinum mine (“Eland” or the “mine”) for a cash consideration of R175 million (“Eland transaction”); and
    ..
  • 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

    ..
  • 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..
  • Trans Hex anticipates rough diamond demand to remain strong

    2017-02-24
    Trans Hex Group Limited provided an update in respect of its latest diamond production and sales. 

    PRODUCTION

    Production at the Group’s South African operations amounted to 11 356 carats for the four months ended 31 January 2017.

  • 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..
  • 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..
  • 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  <..
  • AngloGold Ashanti produced strong production and financial performance

    2017-02-21
    AngloGold Ashanti Limited released its report for the six months and year ended 31 December 2016. 


    FULL YEAR REVIEW

    - Free cash flow $278m up 97% from 2015 (after once-off bond redemption costs)
    - High yield $1.25bn..
  • 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..
  • BHP Billiton continues in its approach to improve productivity

    2017-02-21
    BHP Billiton Plc released its results for the Half Year Ended 31 December 2016.

    Highlights:

    - Despite improvements in our safety performance indicators, tragically there was a fatality at Escondida.
    - Attributable profit of US$3.2 billion, Underlying EBITDA..
  • Sibanye Gold receives approval for acquisition

    2017-02-21

    Sibanye Gold Limited announced that it has received the approval of the South African Reserve Bank, as required in accordance with the Exchange Control Regulations of South Africa, with respect to the proposed acquisition of Stillwater Mining Company (“Stillwater”) (NYSE:SWC) which was announced on 9 December 2017 (the “Transaction”).
    ..
  • 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

  • Gold Fields reports the South Deep Rebase Plan results

    2017-02-16
    Gold Fields Limited announced the results of the South Deep Rebase Plan. 

    The mine entered a critical stage of its evolution at the beginning of 2015 when Gold Fields made the decision to take a step back and fix the base at the mine before determining the new long-term steady state profile.

    ..
  • 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..
  • KEFI Minerals to raise £5.62 million through conditional fundraising

    2017-02-15
    KEFI Minerals Plc announced that it has conditionally raised approximately £5.62 million (approximately US$7.03 million), before expenses, pursuant to the Fundraising by way of:
     
    ·    a placing of 10,695,182 Placing Shares to both existing and new shareholders at the Issue Price to raise £600,000 (before expenses..
  • 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
  • Ferrum Crescent terminates farm-in and Joint Venture agreement

    2017-02-15
    Ferrum Crescent Limited announced that further to its previous announcement of 16 January 2017, that the farm-in and joint venture agreement between Ferrum Iron Ore (Proprietary) Limited (“FIO”),
    Ferrum South Africa (Proprietary) Limited (“FSA”) and Business Venture Investments No. 1709 (Proprietary) Limited(“BVI”) (the “Agreement”) for the producti..
  • Rustenburg Platinum Mines to sell its interest in Union Mine

    2017-02-15
    Anglo American Platinum limited announced that Rustenburg Platinum Mines Limited (“RPM”), a wholly owned subsidiary of the Company, has entered into a Sale and Purchase Agreement (“SPA”) to sell its 85% interest in Union Mine and its 50.1% interest in MASA Chrome Company Proprietary Limited (“MASA Chrome”) (together, the “Disposal Assets”) to a subsidiary of Siyanda Reso..
  • Glencore purchases shares in Mutanda and Katanga

    2017-02-14
    Glencore Plc has purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).

    The consideration for the Mutanda Shares and the Katanga Sh..
  • 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             &..
  • DiamondCorp releases update on placing of shares

    2017-02-14
    DiamondCorp Plc reported the following update in respect of the Placing, as first announced on 13 January 2017.

    The conditions to the Placing have not yet been met. The Board has decided to delay admission of the Placing Shares and the Fee Shares on AIM to 28 February 2017 pursuant to the announcement dated 31 January 2017. It is ex..
  • 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..
  • BHP Billiton receives investment approval for its project

    2017-02-09
    BHP Billiton Plc announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.

    BHP Billiton holds a 23.9 per cent participating interest in the Mad Dog field. BP, the operator, holds a 60.5 per cent participating interest, and Union Oil Comp..
  • 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..
  • Randgold Resources caps record-breaking year with proposed 52% dividend hike 

    2017-02-09
    Randgold Resources increased production for the sixth successive year in 2016 while reducing total cash cost per ounce.  With profit of $294.2 million up 38% on the previous year, the board has proposed a 52% increase in the dividend to $1.00 per share.

    Flagship Loulo-Gounkoto in Mali set a blistering pace to exceed its ann..
  • 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..
  • 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<..
  • 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..
  • Gold Fields’ earnings driven by an increase in the US$ gold price

    2017-02-03
    Gold Fields Limited advised that earnings per share (EPS) for the twelve months ended 31 December 2016 (FY 2016) are expected to be between 160% and 170% (US$0.49 to US$0.52) higher than the loss per share of US$0.31 reported for the twelve months ended 31 December 2015 (FY 2015), at a range between US$0.18 and US$0.21.

    Headline ear..
  • 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..
  • Anglo American’s rough diamond production up

    2017-01-26
    Anglo American Plc reported its production report for the fourth quarter ended 31 December 2016. 

    Highlights:

    -  Rough diamond production increased by 10% to 7.8 million carats compared with Q4 2015 when production was reduced in response to trading conditions...
  • BHP Billiton performed well for the period

    2017-01-25
    BHP Billiton Plc published its operational review for the half year ended 31 December 2016.

    -   Record production for the half year was achieved at Western Australia Iron Ore (WAIO).
    -   Full year production guidance maintained for Petroleum, Iron Ore and Coal.
    - &nbs..
  • 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..
  • Kumba Iron Ore attributes earnings increase to export iron ore prices

    2017-01-25
    Kumba Iron Ore Limited  is currently finalising its results for the year ended 31 December 2016 (“the period”), which will be released on the Stock Exchange News Service of the JSE Limited (“SENS”) on 14 February 2017.

    Further to the trading statement released on SENS on 2 December 2016 in which the Company indicate..
  • 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..
  • 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..
  • Keaton Energy publishes Q3 production update

    2017-01-18
    Keaton Energy Holdings Limited has released the following production update for the quarter ended 31 December 2016.

    The safety performance at Vanggatfontein improved from a LTIFR of 0.46 in Q2 FY17 to a LTIFR of 0.31 in Q3 FY17. Vaalkrantz reported a LTIFR of zero (Q2 FY17: zero), although it remains on care and maintenance.
  • 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..
  • Ferrum Crescent's update re Moonlight Project’s BFS Phase I

    2017-01-16
    Ferrum Crescent Limited announced that with regard to the farm-in and joint venture agreement (the “Agreement”) with Business Venture Investments No. 1709 (Proprietary) Limited (“BVI”), first announced on 14 October 2015, for the production of a bankable feasibility study (“BFS”) for the Company’s Moonlight Iron Project in Limpopo Province, northern South Africa (the “Mo..
  • 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..
  • 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..
  • DiamondCorp proposes to raise c.£1 million through placing

    2017-01-16
    DiamondCorp Plc provides the following corporate and operational updates and outlook in respect of the Lace mine and the business rescue implemented in respect of the Company's 74% operating subsidiary Lace Diamond Mines (Pty) Limited ("LDM") ("Business Rescue").
     
    The Company also announces a proposed conditi..
  • 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
  • Hummingbird Resources reviews Q4 2016 activities

    2017-01-16
    Hummingbird Resources Plc announces a review of activities during Q4 2016 which saw construction commencing at its Yanfolila Gold Project in Mali ("Yanfolila") ahead of expected first gold production at the end of 2017.
     
    Highlights
     
    - Commencement of construction at Yanf..
  • 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 ..
  • 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 ..
  • Tharisa's chrome recoveries improve to 64.3%

    2017-01-11
    Tharisa Plc published its first quarter production report for the period ended 31 December 2016. 

    Highlights for the three months ended 31 December 2016

    -    Reef mined continues to exceed the required run rate of 4.8 Mtpa on an annualised basis
  • Kibo Mining reports restructuring changes at TANESCO

    2017-01-10
    Kibo Mining Plc notes the recent press reports regarding the ongoing changes and restructuring at TANESCO, the Tanzanian Electric Supply Company.

    As previously reported, TANESCO has been undergoing policy changes and restructuring under the new Tanzanian government. Kibo views the latest announcements re management changes and tarif..
  • 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..
  • Premier African Minerals publishes Zulu Lithium and Tantalum project update

    2017-01-10
    Premier African Minerals Limited reportED that it has completed 1,958 metres of the current 2,500 metre drilling programme at the company's Zulu Lithium and Tantalum Project ("Zulu").
     
    Highlights:
     
    ·     15 diamond drill holes completed for 1,842 ..
  • 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..
  • Tawana Resources successfully completes its due diligence

    2016-12-20
    Tawana Resources NL announced it has completed due diligence on Lithco No 2 Pty Ltd (“Lithco”) and, subject to approval by Tawana shareholders at a General Meeting to be held on 23 December 2016, the Board of Directors has unanimously decided to exercise the option to acquire Lithco. 

    This will result in Tawana becoming..
  • Oando completes $115.8 million gas and power partial divestment

    2016-12-20
    Oando Plc has announced the completion of a partial divestment of 49% of the voting rights in Oando's midstream business subsidiary, Oando Gas and Power Limited (“OGP”), to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm.

  • 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..
  • Ferrum Crescent to issue new shares

    2016-12-19
    Ferrum Crescent Limited announced that it is issuing 3,205,088 new ordinary shares of no par value each in the capital of the Company (“Ordinary Shares”) as a result of the
    exercise of, in aggregate, 3,205,088 options exercisable at a price of 0.165 pence per share (the “Option Shares”). Such options were granted in connection with the Company’s placing a..
  • 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..
  • 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 ..
  • DiamondCorp publishes results from diamond sale

    2016-12-12
    DiamondCorp Plc announced that the Company’s operating subsidiary, Lace Diamond Mines (Pty) Ltd (“LDM”), has completed the sale of diamonds recovered from the Lace mine prior to LDM being placed in business rescue.

    -   A total of 5,129.9 carats were delivered to Johannesburg for tender. After boiling losses, a total o..
  • 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, ..
  • Eastern Platinum receives lawsuit from Hebei Zhongheng Tianda Platinum

    2016-12-09
    Eastern Platinum Limited announced that Hebei Zhongheng Tianda Platinum Co. Limited (“HZT”) has filed a notice of civil claim in the British Columbia Supreme Court against the Company and several of its subsidiaries with respect to an alleged repudiation
    and breach of the share purchase agreement dated June 28, 2016 entered into with HZT by former management of..
  • Anglo American sells its 9.7% interest in Exxaro

    2016-12-01
    Anglo American Plc reported that further to the announcement dated 30 November 2016 and via an accelerated bookbuild placing to institutional investors (the “Placing”), Anglo American plc (“Anglo American”) has agreed to sell its approximately 35 million ordinary shares, representing a 9.7% interest, and Main Street 333 Proprietary Limited(1) has agreed to sell approximately 17 ..
  • 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%..
  • Kibo Mining completes its financial model for Mbeya Coal To Power Project

    2016-11-30
    Kibo Mining Plc announced that it has received an advanced draft of the integrated financial model for the Mbeya Coal to Power Project (“MCPP”) from its financial advisors ABSA / Barclays. The model will now be the subject of extensive review and further adjustment, based on the results from the final negotiations with SEPCO III and General Electric (“GE”) on the EPC and OEM bid..
  • Premier African Minerals records an increase in resources at RHA

    2016-11-30
    Premier African Minerals Limited reported substantial increases in resources at RHA Tungsten (RHA) mine in Zimbabwe. Premier owns 49% of RHA and is the operator.

    Highlights

    · 300% increase in open pit resources and inventory to 20.8 million tonnes at increased grade of 2.34kg p..
  • 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..
  • 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..
  • Giyani Gold acquires two new mines

    2016-11-17
    Giyani Gold Corporation announced that the Company has signed a Letter of Intent (“LOI”) with Menzi Battery Metals Pty Ltd (CO2016/1660) (“Menzi”) to acquire a 70% interest in two past-roducing high-grade manganese mines in Zambia.

    The Kampumba and Chiwefwe Manganese open-pit mines operated between 1954 and 1968 producing a ..
  • 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..
  • Jubilee Platinum's year results out

    2016-11-17
    Jubilee Platinum Plc released its audited results for the year ended 30 June 2016. 

    Shareholders are also advised that these results have been audited by the Group auditors Saffery Champness Their audit report is attached to this announcement as Annexure 1. In compliance with the JSE Limited?s listings requirements a reconc..
  • DiamondCorp suspends its shares from trading

    2016-11-17
    DiamondCorp Plc announced the following update.

    In the late afternoon of Friday, 11 November 2016, two extreme thunderstorms passed over the Lace Mine, dropping almost 90mm of rain in just over an hour. This equates to almost one-third of the mine's annual rainfall.

    This ov..
  • Tharisa successfully concludes its project

    2016-11-15
    Tharisa Plc announced that the project completion test in respect of the ZAR1 billion senior debt finance facility has been successfully completed. As a result of project completion, the facility’s interest rate will reduce from JIBAR + 490 bps pa to JIBAR + 340 bps pa. In addition, the guarantee provided by the holding company to its subsidiary will lapse.
  • Anglo American Platinum expects higher earnings

    2016-11-10
    Anglo American Platinum Limited advised shareholders that, mainly due to the benefit of foreign exchange movements as well as cost saving initiatives across the Company, headline earnings and headline earnings per share (“HEPS”) for the twelve months ending 31 December 2016 will be at least 20% (R21 million or 8 cents per share) higher than reported headline earnings and HEPS for th..
  • Randgold sets sights on three new projects

    2016-11-03

    Randgold Resources published its third quarter update for the period ended 30 September 2016.

    KEY PERFORMANCE INDICATORS FOR THE Q3 ENDED 30 SEPTEMBER 2016

    • Profits up 32% quarter on quarter and 58% on corresponding quarter of prior ye..

  • Lonmin signs wage agreement with AMCU

    2016-11-01
    Lonmin Plc announces the conclusion of negotiations with the Association of Mineworkers and Construction Union (“AMCU”) about wages and conditions of service. The agreement applies to all employees within the bargaining unit in job grades Paterson A4 to C4. The three-year agreement, which is effective from 1 July 2016 to 30 June 2019, provides employees with a realistic and competit..
  • 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..
  • 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..
  • 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..
  • Anglo American Platinum settles wage agreement with AMCU

    2016-10-28
    Anglo American Platinum Limited announced that it has signed a three-year wage agreement with the Association of Mineworkers and Construction Union (“AMCU”), retrospectively effective from1 July 2016. This agreement has been extended to the National Union of Mineworkers (“NUM”), the United Association of South Africa (“UASA” – The Union) and non-union affiliated employees ..
  • 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..
  • Tawana Resources successfully completes raising

    2016-10-26
    Tawana Resources NL announced that it has received commitments for a placement to raise $7.2 million (before costs) via the issue of 60 million shares at an issue price of $0.12 per share. The placement was strongly supported by quality institutional investors, reflecting the quality of the Company’s lithium assets.

    Under the term..
  • 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..
  • Botswana Diamonds discovers fresh kimberlite

    2016-10-26
    Botswana Diamonds Plc has published an update regarding drilling AK22 on Prospecting Licence PL 260 in Orapa, Botswana. 

    Highlights
    ·  A diamond has been found in the early stage of the re-analysis by Alrosa specialists of concentrate from Large Diameter Drilling on kimberlite pipe AK21 on PL..
  • Anglo American records a 4% increase in diamond production

    2016-10-25
    Anglo American Plc announced its production report for the third quarter ended 30 September 2016

    Overview:

    -  Diamond production increased by 4% to 6.3 million carats compared with Q3 2015 when production was reduced in response to the prevailing trading conditions.<..
  • Anglo American Platinum's platinum production up 1%

    2016-10-25
    Anglo American Platinum Limited published its production report for the third quarter ended 30 September 2016. 

    OVERVIEW

    - Tragically, two fatalities occurred during the quarter

    - Total platinum production (expresse..
  • 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.

    <..
  • Gold Fields reports a decrease in gold production

    2016-10-24
    Gold Fields Limited provided an operational update for the quarter ended 30 September 2016. 

    The gold industry had a much more buoyant Q3 2016 driven by the higher US$ gold price, however, this has waned post quarter-end, with the gold price having pulled back in recent weeks. At Gold Fields, we remain focused on delivering..
  • 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
  • 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%..
  • Jubilee Platinum's chromite project earnings up 108.13%

    2016-10-21
    Jubilee Platinum Plc provided, on behalf of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd (“JTTC”), a quarterly performance, operational and financial update of its chrome recovery section of the Dilokong Chrome mine tailings project (“DCM Tailings” or “DCM Project”) for Q3 2016 as well as a project update for the platinum processing project at Hernic Ferrochrom..
  • 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..

  • Weatherly International reports reduced production

    2016-10-20
    Weatherly International Plc announced its update for the quarter ended 30 September 2016.

    Summary
     
    ·  Tschudi production for the quarter was 3,641 tonnes of copper cathode, in line with the most recent guidance for reduced production due to excessive rates of groundwate..
  • 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..
  • BHP Billiton's full year production guidance remains unchanged

    2016-10-19
    BHP Billiton Plc announced its operational review for the quarter ended 30 September 2016. 

    Highlights:

    -   All production and unit cost guidance remains unchanged for the 2017 financial year, however guidance for Olympic Dam is under review following a state-w..
  • 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..
  • Rockwell Diamonds reports a 14% decrease in rough diamond revenue

    2016-10-18
    Rockwell Diamonds Incorporated announced its unaudited interim consolidated financial statements for the period ended 31 August 2016.  

    Salient features

    - Gross profit - $1.7 million before amortisation and depreciation for the second quarter of fiscal 2017.
    ..
  • 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..
  • 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..
  • 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..
  • 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..
  • 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..
  • DiamondCorp further operational and financial update

    2016-10-13
    DiamondCorp Plc provides the following update on the Lace diamond mine in the Free State province of South Africa.
     
    The Company's 74%-owned subsidiary, Lace Diamond Mines (Pty) Limited has been issued with a Section 54 shut down notice on underground operations by the South African Department of Mineral Resources ("DMR"..
  • Kenmare Resources records an increase in production

    2016-10-13
    Kenmare Resources Plc provided a trading update for the third quarter ending 30 September 2016.

    Overview

    - Spot prices for domestically produced ilmenite in China have risen 70% year to date and bode well for an increase in Kenmare's average received ilmenite price for 2017..
  • 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.&..
  • Vast Resources declares JORC Resource for Nkombwa Hill

    2016-10-12
    Vast Resources Plc announced that a maiden JORC Compliant Resource estimate has been completed for the Nkombwa Hill Phosphate and Rare Earth Element Project ("Nkombwa Hill" or the "Project") located in northern Zambia.

    In February 2015, as part of an asset rationalisation process, Vast entered into an Earn-In arr..
  • Tharisa achieves record Q4 production

    2016-10-10
    Tharisa Plc reported an excellent Q4 production performance by achieving and, in some cases, exceeding production guidance for FY2016. Tharisa Minerals achieved record milling (1.27 Mt), PGM production (39.1 koz) and PGM recoveries (80.6%), demonstrating increased momentum at the end of the financial year. The open pit co-producer has also benefitted from improved commodity prices, part..
  • Central Rand Gold acquires mine waste dump

    2016-10-06
    Central Rand Gold Limited is pleased to announce the execution of an agreement to acquire mine waste dump material located in close proximity to the Company’s metallurgical plant (“Mine Waste Dumps”).

    Mine Waste Dumps Acquisition

    Background

    ..
  • 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..
  • Pan African Resources publishes Abridged Mineral Resource & Mineral Reserve Report

    2016-09-22
    Pan African Resources Plc announced that the 2016 Abridged Mineral Resource and Mineral Reserve Report ("MR&MR") has been released and is available on the Company's website at www.panafricanresources.com. A summary of the report, including the Group Mineral Resource and Mineral Reserve statement as at 30 June 2016, has been provided below.
    &l..
  • Pan African Resources delivers record gold production

    2016-09-21
    Pan African Resources Plc released its provisional audited results for the year ended 30 June 2016. 

    Financial key features

    – The group’s profit after taxation in ZAR terms increased by 160.2% to R547.0 million (2015: R210.2 million), while in GBP terms, the group..
  • 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 ..
  • Harmony Gold Mining acquires full ownership of the Hidden Valley Mine

    2016-09-19
    Harmony Gold Mining Company Limited announced that it has signed an agreement to purchase Newcrest PNG 1 Ltd, the wholly-owned subsidiary of Newcrest Mining Limited (Newcrest) which holds Newcrest’s 50% interest in the Hidden Valley joint venture, for a cash consideration of US$1. Finalisation of this transaction, which will give Harmony 100% ownership of the Hidden Valley mine, is co..
  • Petra Diamonds records an increase in revenue

    2016-09-19
    Petra Diamonds Limited announced its preliminary results (unaudited) for the year ended 30 June 2016. 

    Financial Highlights

    ·     Revenue up 1% to US$430.9 million (FY 2015: US$425.0 million).
    ·     Adjusted EB..
  • 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..
  • 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

  • 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..
  • Premier African Minerals commences with drilling

    2016-09-14
    Premier African Minerals Limited announced that it has started an extensive diamond drilling programme on the Company's substantial Zulu Lithium Project ("Zulu"). 

    The drilling programme has two objectives. Firstly, to test for strike and depth extensions of the current known 3.5 kilometre surface strike leng..
  • 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..
  • 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..
  • 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..
  • Central Rand Gold's operational and Board trading and market update

    2016-09-12
    Central Rand Gold Limited announced that further to the announcements dated 29 July 2016 and 22 August 2016, the board of directors provided the following update to shareholders.

    Current Trading and Market Update
     
    Mining and Metallurgical Update
    <..
  • 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..
  • 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..
  • Botswana Diamonds releases exploration update for Alrosa Joint Venture

    2016-09-09
    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. 
     
    - Next stage exploration will begin on the Alrosa/Botswana Diamond Joint Venture at t..
  • Sibanye Gold’s inclusion in the FTSE/JSE Top 40 index

    2016-09-07
    Sibanye Gold Limited is pleased to inform shareholders that from 19 September 2016 it will be included in the FTSE/JSE Top 40 index, with an initial ranking at 34th position. This follows the September 2016 index review by the JSE.

    Neal Froneman, CEO of Sibanye, commented, “Sibanye’s inclusion in the FTSE/JSE Top 40 index is a s..
  • Kibo Mining receives first payment

    2016-09-05
    Kibo Mining Plc announced that it has today received proof of payment for the amount of USD1, 800, 000.00 from SEPCO III. 

    This payment was received in settlement of the first fixed payment due under the new Agreement (the "Agreement") with major international China based EPC contractor, SEPCO III, announced on 25..
  • Avocet Mining publishes interim results

    2016-08-29
    Avocet Mining Plc announced its unaudited interim results for the six months ended 30 June 2016.

    Highlights

    · Q2 2016 gold production 21,086 ounces at cash cost of US$903 per ounce, compared with 20,528 ounces at US$925 per ounce in Q1
    · H1 2016 gold prod..
  • 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 ..
  • 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%&..
  • Premier African Minerals publishes corporate update

    2016-08-29

    Premier African Minerals Limited provide an update on progress at RHA Tungsten project (RHA), Zulu Lithium and Tantalum project (Zulu), and the proposed acquisition of 52% of TCT Industrias Florestais Limitada (TCT) in Mozambique. Premier is the operator and holds 49% of RHA.

    Highlights:
    &..
  • 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..
  • Bushveld Minerals places new shares

    2016-08-29
    Bushveld Minerals Limited announced it has placed 38,666,668 new ordinary shares of 1.0 pence each in the Company ("Ordinary Shares") at a price of 1.5 pence each (the "Placing Shares") raising gross proceeds of £580,000 (the "Placing"). The Placing was co-ordinated by Beaufort Securities Limited.

    Part..
  • 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..
  • 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..
  • Gem Diamonds continues to perform well

    2016-07-20
    Gem Diamonds Limited provided the following trading update detailing the Group's operational and sales performance for the Period 1 January 2016 to 30 June 2016 ahead of its Half Yearly Results which will be released on 17 August 2016.  

    Letšeng:

    Letšeng Diamonds..
  • 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..
  • 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 ..
  • Xtract Resources publishes update on disposal and placing

    2016-07-20
    Xtract Resources Plc provides an update on the disposal of its interest in the Manica Gold Project in Mozambique and other matters and confirms the completion of a placing of 1,538,461,538 new ordinary shares of 0.01p  at a price of 0.065 pence per share to raise £1 million.
     
    Summary

  • 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 ..
  • Kibo Mining's update on the Mbeya Coal to Power Project

    2016-07-20
    Kibo Mining Plc announced another milestone in the progress of the Mbeya Coal to Power Project (“MCPP”) following the finalization of an Expression of Interest process, focused on developing the Operations and Maintenance (O&M) Agreement for the Mbeya Power Plant. 

    In order to assess the appetite of the market f..
  • Gold Fields expects an increase in earnings

    2016-07-19
    Gold Fields Limited advised that earnings per share (EPS) for the six months ended 30 June 2016 (H1 2016) are expected to be 1,400% (US$0.14) higher than the US$0.00 per share reported for the six months ended 30 June 2015 (H1 2015), at US$0.14 per share. Headline earnings per share (HEPS) for H1 2016 are expected to be 1,500% (US$0.15) higher than the US$0.01 per share reported for H1 ..
  • 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..
  • Harmony Gold Mining Company meets its annual production guidance

    2016-07-18
    Harmony Gold Mining Company Limited announced that it has met its annual production guidance of approximately 1.1 million ounces. 

    Year on year Harmony continued to differentiate itself through quality grade management, increasing underground grade by 6% to 5.02g/t – making it the fourth consecutive year of increased reco..
  • 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 ..
  • 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..
  • Ferrum Crescent recovers historical geological data on the Moonlight Project

    2016-07-14
    Ferrum Crescent Limited announced that, further to its announcement of 15 June 2016, it has recently received confirmation and an initial overview from Anglo American, via its subsidiary, Kumba Iron Ore Limited, of certain historical geological information it holds in respect of its exploration work on the Company’s Moonlight and Julietta licence areas in the Limpopo province of South..
  • 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..
  • Edenville Energy makes good progress with its Rukwa Coal to Power project

    2016-07-14
    Edenville Energy Plc provided an update on the Company's Rukwa Coal to Power project, located in southwest Tanzania. 
     
    Highlights

    Environmental and Social Impact Assessment (ESIA) work commenced, with this phase being due to be completed in Q3 2016;
  • 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..
  • Anglo American Platinum anticipates a decrease in earnings

    2016-07-13
    Anglo American Platinum Limited published its updated trading statement for the six months ended 30 June 2016. 

    Anglo American Platinum referred shareholders to to the Company’s trading statement released on SENS on 21 June 2016 in which the Company advised that headline earnings and headline earnings per share (“HEPS..
  • 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..
  • Resource Generation publishes quarterly update

    2016-07-13
    Resource Generation Limited is developing its Boikarabelo coal mine in the Waterberg region of South Africa. 

    This region accounts for 40% of the country’s  remaining identified coal resources. There are probable reserves of 744.8* million tonnes of coal on 35% of the tenements under the Company’s control (ASX/..
  • 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..
  • Metal Tiger reports positive assay results

    2016-07-12
    Metal Tiger Plc provided an update with regard to the diamond drilling programme at the Company’s Joint Venture (“JV”) project with partners MOD Resources in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

    Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Di..
  • 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. 

  • Caledonia Mining Corporation records higher production in Q2

    2016-07-12
    Caledonia Mining Corporation Plc announced gold production from its 49 per cent owned subsidiary, the Blanket Mine ("Blanket") in Zimbabwe, for the quarter ended 30 June 2016 ("Q2 2016" or the "Quarter").  

    All production numbers are expressed on a 100 per cent basis and are based on mine produ..
  • 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..
  • Vedanta Resources set to expand its footprint in Africa

    2016-07-12
    Vedanta Resources Plc has a long-standing presence in Africa and has invested more than US$4 billion in its African operations since 2004. 

    Currently, the company mines copper in Zambia, produces zinc and lead concentrate at Black Mountain Mining (BMM) in South Africa, and zinc metal at Skorpion Zinc in Namibia.
    ..
  • Jubilee Platinum publishes quarterly update

    2016-07-11
    Jubilee Platinum Plc published, on behalf of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd ("JTTC"), a performance, operational and financial update for the three-months' ended 30 June 2016 ("Q2"), of its chrome recovery section of the Dilokong Chrome mine tailings project  and a progress update on the Hernic PGM-bearing chrome tailings pro..
  • Kibo Mining provides update on gold project

    2016-07-05
    Kibo Mining Plc provides a further update to its announcement on June 2 on the Memorandum of Understanding (“MOU”) signed with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects. 

    As a result of a minor unforeseen delay in completing compliance and leg..
  • 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:
     
  • Kibo Mining completes its Water Availability Study

    2016-07-01
    Kibo Mining Plc announced the completion of the independent, integrated Water Availability Study for the Mbeya Coal to Power Project . 

    The Water Availability Study (“the Study”), to determine sustainable groundwater yields and pit inflows through aquifer testing and numerical flow modelling, was performed by Shangoni M..
  • 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’ revenue decrease by 13%

    2016-06-27
    Keaton Energy Holdings Limited released its reviewed provisional condensed consolidated results for the year ended 31 March 2016. 

    The year ended 31 March 2016 proved to be another year of mixed results. There was continued excellent performance at one asset, Vanggatfontein, and a disappointing performance at the other, Vaa..
  • 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:

  • Aureus Mining’s update on the recommencement of processing operations

    2016-06-23
    Aureus Mining Incorporated announced the approval by the Ministry of Lands, Mines and Energy ("MLME") for the plant start up process at the New Liberty Gold Mine in Liberia.

    Highlights:

    •Approval granted by the MLME for the commencement of the plant start up process;..
  • 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..
  • Anglo American Platinum anticipates a decrease headline earnings

    2016-06-21
    Anglo American Platinum Limited published its trading statement for the six months ended 30 June 2016. 

    Shareholders are advised, with reasonable certainty, that headline earnings and headline earnings per share (“HEPS”) for the six months ended 30 June 2016 will be at least 20% (R494 million or 189 cents per share) low..
  • 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..
  • Kibo Mining’s update on Mbeya Coal to Power Project

    2016-06-21
    Kibo Mining Plc released an update to shareholders on the latest progress with regard to the main work streams on the Mbeya Coal to Power Project Integrated Bankable Feasibility Study.

     • Power 
        
    - Definitive Power Feasi..
  • 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..
  • Bushveld Minerals releases update from the tin project in Limpopo

    2016-06-20
    Bushveld Minerals Limited presented results from pilot-scale metallurgical test work and plant design at its Groenfontein Tin Deposit in Limpopo Province, South Africa.
     
    Highlights

    The Groenfontein Deposit test work was intended to assess tin recovery on a plant-scale, gain insig..
  • Rockwell Diamonds reports improved productivity and increased sales

    2016-06-15
    Rockwell Diamonds Incorporated published its quarterly production and sales update for the three months ended 31 May 2016. 

    Salient features

    - Strategy - Rockwell continues to pursue its medium term target to process 500,000m3 of gravel per month in t..
  • 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..
  • 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 ..
  • African Potash signs Mou with government of Uganda

    2016-06-14
    African Potash Limited confirmed that, following press speculation, it has signed a non-binding Memorandum of Understanding with the Government of Uganda to support the development of a fertiliser industry in Uganda which will seek to help ensure the availability and effective distribution of fertilisers to Ugandan farmers.  

  • 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..
  • 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..
  • Tharisa records a decrease in revenue

    2016-06-13
    Tharisa Plc released its interim results for the six months ended 31 March 2016.         

    Highlights

    Strong Operational Performance

    - Safety: LTIFR of 0.30 (H1 FY2015: 0.07) per 2..
  • 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..
  • Bushveld Minerals signs a Cooperation Agreement with the IDC

    2016-06-13
    Bushveld Minerals Limited announced the signing of a Cooperation Agreement (the "Agreement") between its energy subsidiary, Bushveld Energy Company ("Bushveld Energy"), and the Industrial Development Corporation of South Africa ("IDC").
     
    The IDC is South Africa's national development finance institu..
  • Sacoil Holdings receives license extension to Block 1

    2016-06-10
    Sacoil Holdings Limited announced that an eight month extension of the current license term of onshore license, Block 1 – located in the northern part of Malawi, has been granted with the expiry date now confirmed as 12 August 2017.

    To date, SacOil, as operator, is in the process of finalising the environmental and social impact a..
  • 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..
  • 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 ..
  • 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 ..
  • Kibo Mining commences with formal EPC bid process

    2016-06-03
    Kibo Mining Plc  announced that feasibility work  on the Mbeya Coal to Power Project (“MCPP”) has now advanced to a level where the  Company can commence with the formal EPC-bid process for both the Mbeya Power Plant and  the Mbeya Coal Mine. 

    On 31 May 2016 the Company met with SEPCO..
  • 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..
  • Wescoal Holdings recorded an increase in HEPS

    2016-06-02
    Wescoal Holdings Limited released its reviewed condensed consolidated results for the year ended 31 March 2016. 

    Highlights: 

    HEPS of 27.1 cps increased by 76.1%[FY15: 15.4]

    EPS of 26.2 cps up 66.6%[FY15: 1..
  • Sula Iron & Gold publishes IP survey results

    2016-06-01
    Sula Iron & Gold Plc announced the initial results from the Induced Polarisation ("IP") survey that is currently being completed over a portion of the Company's 100% owned, flagship, Ferensola Gold Project.

    In summary, the ongoing IP survey being completed highlights the larger scale gold prospectiv..
  • 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..
  • Coal of Africa provides update on recommended offer

    2016-06-01
    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.

    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 of ..
  • Edenville Energy provides update on power project

    2016-05-31
    Edenville Energy Plc  provided an update on the Company's Rukwa Coal to Power Project, located in southwest Tanzania. 
     
    Highlights:

    •    New subsidiary established to advance the power project
    •   &nb..
  • 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..
  • 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..
  • Rockwell Diamonds continued to implement key decisions

    2016-05-31
    Rockwell Diamonds Incorporated announced results for the three and twelve months ended 29 February 2016. 

    Salient features

    -During the quarter, Rockwell continued to implement key decisions flowing from the recent strategic and operational review. The new, de-layered re..
  • 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..
  • 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..
  • Caledonia Mining Corporation releases Q1 2016 results

    2016-05-12
    Caledonia Mining Corporation Plc announced its operating and financial results for the first quarter of 2016.

    Following the implementation of indigenisation in September 2012, Caledonia owns 49% of the Blanket Mine in Zimbabwe.  Caledonia continues to consolidate Blanket: the operational and the financial information set out below is on a consoli..
  • 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..
  • Edenville Energy reports a year of significant progress

    2016-05-10
    Edenville Energy Plc has announced its audited results for the year ended 31 December 2015.

    Highlights

    - Power Plant Feasibility Study published

    - Board reorganisation to reflect the future needs of the business
  • 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)<..
  • 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.

  • 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..
  • DiamondCorp reports net loss of £2.4 million

    2016-05-04
    DiamondCorp Plc released its final results for the year ended 31 December 2015. 

    Highlights

    As underground development continued at the 74% owned Lace Mine in South Africa, DiamondCorp`s net loss for 2015 was £2.41 million (2014: loss of £3.25m).
    <..
  • 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,..
  • Gemfields reports a quarter of solid production

    2016-05-04
    Gemfields Plc published its market update for the quarter ended 31 March 2016. 

    Highlights
     
    Emeralds

    -Production summary for 75%-owned Kagem Mining Limited ("Kagem") in..
  • 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..
  • Centamin records an increase in gold production

    2016-05-03
    Centamin Plc released its results for the quarter ended 31 March 2016. 

    Operational Highlights

    •  Gold production of 125,268 ounces was a 6% increase on Q4 2015 and 16% higher than Q1 2015.
    •  Cash cost of p..
  • Coal of Africa quarter results

    2016-04-29
    Coal of Africa Limited published its update for the quarter ended 31 March 2016. 

    Salient Operational Features

    - No lost-time injuries (“LTIs”) recorded during the quarter (FY2016 Q2: nil).

    - ..
  • 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..
  • 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..
  • Avocet Mining production update

    2016-04-28
    Avocet Mining Plc announced production and cash costs for the first quarter of 2016 from the Inata gold mine. 
     
    • Total gold production at Inata for the quarter was 20,528 ounces at a cash cost of $925 per ounce, compared with 17,379 ounces produced in the fourth quarter of 2015 at a cash cost of $1,094 per ounce
  • 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..
  • Rockwell Diamonds production update

    2016-04-26
    Rockwell Diamonds Incorporated released quarterly production update for the three months ended 29 February 2016. 

    Salient features

    - Strategy - Rockwell continues to pursue its medium term target to process 500,000m 3 of gravel per month in the Middle..
  • 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..
  • Sibanye Gold expects an increase in earnings

    2016-04-25
    Sibanye Gold Limited released its trading statement for the six months ended 30 June 2016. 

    Shareholders of Sibanye are advised that earnings per share (EPS) for the six months ending 30 June 2016 is expected to be at least 150% (or 30 cents per share) higher than the 20 cents per share reported for the previous ..
  • 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..
  • Tawana Resources’ activities report out

    2016-04-22
    Tawana Resources NL released its activities report for the quarter ended 31 March 2016.

    Mofe Creek Iron Ore Project

    Project Studies - Mine, Logistics, Infrastructure and Approvals

    - The Mineral Development..
  • 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 &..
  • 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..
  • Anglo American Platinum's total production increases by 4%

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

    Overview

    -  Commitment to zero harm – no fatalities in the period and our longest fatal free period of 324 days as at 31 March 2016
  • 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 ..
  • Kumba Iron Ore records a decrease in total production

    2016-04-21
    Kumba Iron Ore Limited announced its production and sales report for the quarter ended 31 March 2016. 

    Overview:

    - Total production from Kumba decreased to 8.9 Mt as Sishen transitioned to a lower cost pit configuration. This is 27% less than Q1 2015 ..
  • 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..
  • Merafe Resources achieves an increase in production

    2016-04-20
    Merafe Resources Limited released its production report for the period ended 31 March 2016. 

    Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture (the Venture) for the first quarter of 2016 increased by 4% compared to the comparative period. This increase is primarily attributable to the..
  • 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.

    &..
  • Gold Fields reports a solid start for FY16

    2016-04-19
    Gold Fields Limited has released an operational update for the quarter ended 31 March 2016. 

    OVERVIEW AND UPDATE

    Gold Fields has had a solid start to 2016. Attributable equivalent gold production for the quarter was 3% higher YoY (9% lower QoQ) at 515koz, but imp..
  • 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
    <..
  • DRDGold records an increase in gold production

    2016-04-18
    DRDGold Limited released its production update for the quarter ended 31 March 2016. 


    Highlights:

    -  4% increase in gold production; and
    -  key regulatory milestone achieved for additional tailings ..
  • Keaton Energy Holdings reports excellent results

    2016-04-18
    Keaton Energy Holdings Limited released its production update for the year ended 31 March 2016. 

    The Lost Time Injury Frequency Rate (per 200 000 hours worked) for the year was 0.14 at Vanggatfontein (2015: 0.10) and 0.06 at Vaalkrantz (2015: 0.22). Management commends all for this achievement and their adherence to safety standards an..
  • Firestone Diamonds' Liqhobong Mine 72% complete

    2016-04-15
    Firestone Diamonds Plc has released an update for its Liqhobong Diamond Mine located in Lesotho. 

    Highlights
    - Construction 72% complete as at the end of March 2016
    - Project remains on track for initial production in Q4 2016
    - Number of Project items now comple..
  • Royal Bafokeng Platinum recorded an increase in tonnes delivered

    2016-04-14
    Royal Bafokeng Platinum Limited released its quarterly review and production report for the period ended 31 March 2016. 

    Key features 

         -    58% and 48% improvement in serious and lost time injury frequency rates..
  • 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..
  • 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..
  • 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..
  • 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 makes application to admit shares

    2016-04-11
    Base Resources Limited advised that an application has been made to the AIM market of the London Stock Exchange for admission of the 168,329,185 ordinary shares issued under renounceable pro rata entitlement offer announced on 29 February 2016.  

    The Entitlement Offer Shares are expected to be admitted to trading on AIM fro..
  • Coal of Africa's Makhado license suspended

    2016-04-08
    Coal of Africa Limited advised that the Integrated Water Use License for its Makhado Project has been suspended following an appeal to the Department of Water and Sanitation  submitted by the Vhembe Mineral Resources Forum and other parties.

    The appeal automatically suspends the IWUL in terms of Section 148 (2) (b) of the S..
  • 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.

  • Guptas resign from Oakbay Resources And Energy

    2016-04-08
    An announcement from the company below:

    Oakbay Resources And Energy Limited regrets to announce the resignation, from all group companies, of both its Non-Executive Chairman, Atul Gupta, and its Chief Executive Officer, Varun Gupta, with immediate effect. 

    Additionally ..
  • 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 ..
  • Bounty Oil and Gas' Kiliwani field produced its first gas production

    2016-04-07
    Bounty Oil and Gas NL announced its first gas production from its Kiliwani North gas field located in Tanzania.

    The Kiliwani North Development License is operated by Ndovu Resources Limited, a wholly owned subsidiary of Aminex Plc. 

    Highlights:
  • 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..
  • West African Resources successfully completes drilling

    2016-04-07
    West African Resources Limited reported further high-grade RC results from the M1 prospect, at its 100% owned Tanlouka gold project in Burkina Faso.

    Highlights:

    -RC drilling returns 20m at 5.8 g/t Au from 68m, including 1m at 96.3g/t Au
    -..
  • 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 ..
  • Botswana Diamonds commences with drilling

    2016-04-06
    Botswana Diamonds Plc confirmed that the 2016 Drill Programme has commenced.
     
    The first large diameter reverse circulation hole on kimberlite AK21 on PL 260 in Orapa started on Tuesday 5th April.  Target depth is 300 metres.
     
    The first of three narrow diamond drill holes ..
  • 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;
    -..
  • Firestone Diamonds update on the Botswana sale

    2016-04-06
    Firestone Diamonds Plc has agreed to extend the date by when all conditions for the disposal of the Company's Botswana operations to Tango Mining Limited ("Tango Mining") (the "Disposal") must be satisfied.
     
    As announced on 9 July 2015, the Company entered into a conditional sale agreement ("CSA") w..
  • 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..
  • 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..
  • Anglo American enters into sale agreement to sell its 70% interest

    2016-04-04
    Anglo American Plc entered into a Sale and Purchase Agreement with a consortium led by Taurus Fund Management to sell its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia.

    The transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American's interest in Foxleigh...
  • 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..
  • Randgold Resources replenishes resources in record production year

    2016-04-01
    Randgold Resources' annual resource and reserve declaration, published as part of its annual report for 2015, shows attributable measured and indicated resources steady at 21.1 million ounces while inferred resources are marginally up to 6.7 million ounces.  Total attributable reserves of 14.6 million ounces reflect a 3.5% reduction after mining depletion, with no change i..
  • 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 ..
  • Atlatsa Resources records a decrease in revenue

    2016-03-31
    Atlatsa Resources Corporation released its audited results for the quarter and year ended 31 December 2015. 

    Key features for the 2015 financial year:

    - Implementation of operational and financial restructure plan at Bokoni Mine
    - Term loan facilit..
  • Jubilee Platinum interim results out

    2016-03-31
    Jubilee Platinum Plc announced its unaudited interim results for the six months ended 31 December 2015. 

    Highlights

    During the period under review

    - 30 September 2015, Jubilee completes the disposal of 100% of the i..
  • Stellar Diamonds continues to achieve good progress

    2016-03-30
    Stellar Diamonds Plc announced its unaudited interim results for the six months to 31 December 2015.

    Operational and Financial Highlights during the period:

    - Cash, diamonds held for sale and other inventories of US$0.7m at period end
    - US$2.4m of funding b..
  • 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..
  • 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..
  • 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..
  • 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..
  • African Potash releases results

    2016-03-29
    African Potash Limited announced its results for the six months ended 31 December 2015.
     
    Highlights:
     
    -The Company continues to implement its strategy to deliver near term value through development of a vertical platform for the mining, production and distributi..
  • 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:
  • Botswana Diamonds' interim results out

    2016-03-24
    Botswana Diamonds Plc released its interim results for the six months ended 31 December 2015. 

    As I write this statement Botswana Diamonds is conducting an extensive exploration programme in Botswana.  With our partners, Alrosa, we are drilling, sampling and conducting geophysics on two licenses in the Orapa area, ..
  • Petra Diamonds recovers 32.33 carat pink diamond

    2016-03-24
    Petra Diamonds Limited announces that it has recently recovered and sold an exceptional 32.33 carat pink diamond from the Williamson mine in Tanzania for US$15.0 million ($463,965 per carat), as well as retaining an interest in the polished proceeds (Petra will receive 10% of the value uplift of the polished).  
     
    The diamond..
  • Aquarius Platinum meets all transaction conditions

    2016-03-24
    Aquarius Platinum Limited refers to the announcements and timetable which it has recently released regarding its transaction with Sibanye Gold Limited.  

    Aquarius is pleased to announce that in accordance with the timetable, Conditions Fulfilment has now occurred and all conditions have been met to the parties� satisfacti..
  • 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..
  • Anglo American Completes Bond Buybacks

    2016-03-22
    Anglo American Plc announced the successful completion of its bond buy-back programme launched on 18 February 2016, consisting of Euro, Sterling and US dollar denominated maturities from December 2016 to September 2018.

    The Group used $1.7 billion of cash to retire $1.83 billion of contractual repayment obligations (including derivatives hedgin..
  • 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..
  • North River Resources releases drilling results

    2016-03-22
    North River Resources Plc provided early results from the ongoing underground diamond drilling at its flagship Namib Project in Namibia together with an update on project activities.

    Highlights

    - Initial drill results from the Northern Orebody show significant..
  • 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..
  • Gold Fields update on offering

    2016-03-18
    Gold Fields Limited referred shareholders to the announcement released on SENS on Thursday, 17 March 2016 wherein, Gold Fields announced the launch of an accelerated bookbuild offering of new ordinary shares (the Placing) by way of a private placement to qualifying institutional investors (the Bookbuild).

    Gold Fields is pleased ..
  • 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..
  • 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..
  • Wesizwe Platinum anticipates loss

    2016-03-18
    Wesizwe Platinum Limited released its trading statement for the year ended 31 December 2015. 

    The Board Of Directors therefore wishes to advise shareholders that the Company expects to report a basic loss per share attributable to ordinary shareholders  of between 32.62 cents and 35.78 cents per share, being betwee..
  • 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..
  • Aureus Mining releases gold production update

    2016-03-17
    Aureus Mining Incorporated is pleased to announce gold production of approximately 4,500 ounces during the first 14 days of March operations at the New Liberty Gold Mine ("New Liberty" or "Mine") in Liberia.

    Since Commercial Production was declared at New Liberty on 1 March 2016, approximately 4,500 ounces of fin..
  • Gold Fields to raise R2.5 billion

    2016-03-17
    Gold Fields Limited announced the launch of an accelerated offering of up to 38,857,914 new ordinary shares constituting approximately 5% of its issued share capital, to raise approximately ZAR2.5 billion, subject to the satisfaction of certain conditions, through a bookbuilding process to be carried out by Merrill Lynch International (BofA Merrill Lynch), which is acting as sole glob..
  • 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
    &..
  • Ferrum Crescent's half year results out

    2016-03-15
    Ferrum Crescent Limited released its results for the six month period ended 31 December 2015. 

    Highlights:

    - BFS Farm-in Agreement concluded with BVI/Ovation Capital in respect of the Moonlight Project
          - Phased inve..
  • 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..
  • Coal of Africa releases results

    2016-03-14
    Coal of Africa Limited released its results for the six months ended 31 December 2015. 

    Highlights

         No fatalities during the period under review
         Universal CoAL tr..
  • Jubilee Platinum's progress update at Dilokong Chrome Mine

    2016-03-14
    Jubilee Platinum Plc has released an update to shareholders on progress made with the commissioning of its Processing Plant at Dilokong Chrome Mine Pty Ltd ("Dilokong", "the Project").

    Highlights
     - Platinum Surface Processing Plant ("Processing Plant") at Dilokong Chrome ..
  • 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..
  • African Rainbow Minerals reports a 51% decrease in HEPS

    2016-03-11
    African Rainbow Minerals Limited released its interim results for the six months ended 31 December 2015. 


    Salient features

    -  Headline earnings decreased by 51% to R507 million (1H F2015: R1 026 million). Headline earnings per s..
  • 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).
  • 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.

  • Vast Resources to raise �0.8 million

    2016-03-09
    Vast Resources Plc announced that, on 4 March 2016, it entered into an agreement with a number of existing shareholders according to which they will subscribe, in four tranches, for new ordinary shares of 0.1p each in the Company and associated warrants in order to raise up to �0.8 million (together the "Financing").
     
    The..
  • 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..
  • African Energy Resources executes a non-binding Term Sheet

    2016-03-08
    African Energy Resources Limited has executed a non-binding Term Sheet with a South African investment group to develop an integrated coal mine and thermal power station at its Mmamabula west power project. 

    The material terms and conditions of the Term Sheet are:

    -Afri..
  • 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..
  • Merafe Resources reports strong results

    2016-03-08
    Merafe Resources Limited released its summarised  consolidated financial statements for the year ended 31 December 2015.

    KEY FEATURES

    -  13% increase in production to 377kt
    -  23% increase in revenue to R4.4 bil..
  • Katanga Mining releases Q4 and FY15 results

    2016-03-08
    Katanga Mining Limited released its financial results for the 2015 fiscal year and the fourth quarter ended 31 December 2015. 

    Review of 2015 Fourth Quarter Results

    ..
  • StratMin Global Resources completes private placement

    2016-03-07
    StratMin Global Resources Plc announced completion of a private placement raising gross proceeds of 300,000 via the placement of 12,000,000 new ordinary shares of 0.01 pence each (the "Ordinary Shares") (the "Placing Shares") at a placing price of 2.5 pence per Ordinary Share.
     
    The net proceeds of the Placing wil..
  • 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 releases production and sales results

    2016-03-04
    Exxaro Resources Limited released its reviewed condensed group financial statements for the year ended 31 December 2015. 

    Salient features:

    Owner-controlled operations         &..
  • 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..
  • Aureus Mining declares commercial production

    2016-03-03
    Aureus Mining Incorporated announced that commercial production has been declared at the New Liberty gold mine in Liberia, effective 01 March 2016. 

    Summary

       Commercial Production has been declared effective from 1 March 2016;<..
  • Edenville Energy to raise funds through subscription

    2016-03-03
    Edenville Energy Plc announced the subscription of 1,333,333,333 new ordinary shares of 0.02p each in the capital of the Company at 0.03 pence per New Ordinary Share, to raise 400,000, together with 666,666,666 warrants exercisable at 0.04p per warrant.

    The net funds from the Subscription will bring essential new money into the Com..
  • 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..
  • 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..
  • Weatherly International achieves significant progress

    2016-03-02
    Weatherly International Plc released its interim results for the six month period ended 31 December 2015. 

    Operational Summary
     
         Tschudi achieved nameplate production rates of 17,000 tonnes per annum during December 201..
  • 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
  • Syrah Resources concludes agreement with Marubeni Corporation

    2016-03-02
    Syrah Resources Limited announced that it has signed an Offtake Agreement for natural flake graphite with Marubeni Corporation. 

    Highlights:

    -Three year Offtake Agreement signed with Marubeni Corporation to purchase 20 000 tonnes of flake graphite per..
  • Minbos Resources terminates agreement

    2016-03-01
    Minbos Resources has terminated the agreement with Australian Phosphate Pty Ltd (AFP) to dispose of its rights in the Kanzi project located in the Democratic Republic of Congo.

    The Company terminated the agreement following failure by AFP to pay the $200 000 proceeds which was due on 11 October 2015. 
    ..
  • 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. 
  • 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
    &..
  • Glencore's results for 2015 out

    2016-03-01
    Glencore Plc released its preliminary results for 2015. 

      Adjusted EBITDA of $8.7 billion, down 32% on 2014, due to substantially weaker commodity prices, partially offset by cost efficiencies and favourable producer country currencies:              ..
  • 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..
  • Hummingbird Resources releases Ore Reserve statement

    2016-02-29
    Hummingbird Resources Plc announced an improved Ore Reserve Statement (compiled in accordance with JORC, 2012 Edition) and updated economic sensitivities based on the new Reserve and mine schedule for the Yanfolila Gold Project ('Yanfolila') in Mali.

    Highlights at:

    <..
  • Alecto Minerals completes agreement with Randgold Resources

    2016-02-29
    Alecto Minerals Plc announce that it has received formal confirmation from Randgold Resources that all conditions precedent mentioned in the Joint Venture Agreement, for the exploration and development of Alecto's 137 km2 Kossanto West Gold Project in western Mali, have been satisfied.  
     
    Alecto Chief Executive Officer ..
  • 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 ..
  • Sula Iron & Gold records loss for the year

    2016-02-29
    Sula Iron & Gold Plc announced its consolidated unaudited preliminary results for the year ended 30 September 2015 for the Company and its subsidiary, Blue Horizon (SL) Ltd, (together the "Group").
     
    Highlights:

    Operational
  • 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..
  • 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..
  • 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..
  • 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..
  • Stellar Diamonds' next diamond sale to be held in March 2016

    2016-02-25
    Stellar Diamonds Plc announced that its next diamond sale from trial mining of its Baoul� kimberlite project in the Aredor area of Guinea will take place in Antwerp via the DDA Trading platform during March 2016. 
     
    A total of 3,341 carats were exported in February 2016 which after cleaning has resulted in a loss of weight ..
  • 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..
  • Premier African Minerals releases project update

    2016-02-24
    Premier African Minerals Limited confirmed that the plant at RHA has commenced processing underground ore.  

    Premier is the operator of RHA Tungsten Project ("RHA") in Zimbabwe,  and holds a 49% interest.

    George Roach, Chairman and Chief Executive Off..
  • Pan African Resources releases H2 FY15 results

    2016-02-24
    Pan African Resources Plc released its interim results for the six months ended 31 Dec 2015. 

    Key features reported in South African Rand (ZAR) and Pound Sterling (GBP)

    -  Group earnings in ZAR terms increased by 129.4% to ZAR227.6 million (2014: R99.2 mill..
  • AngloGold Ashanti delivers solid operating and financial performance

    2016-02-22
    AngloGold Ashanti Limited released its results for the quarter and year ended 31 December 2015. 

    Full Year
    -   Strong gains in adjusted earnings and free cash flow, despite lower gold price
    -   Production of 3.947Moz at top end of revised guidance range
  • 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 ..
  • Assore reports a strong cash position

    2016-02-19
    Assore Limited released its results for the six month period ended 31 December 2015. 

    - Headline earnings decline by 25,4%    
    - Oversupplied commodity markets    
    - Strong cash position    
    - Interim divi..
  • 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. 
    ..
  • Acacia Mining reports a decrease in revenue

    2016-02-17
    Acacia Mining Plc announced its results for the 12 month period ended 31 December 2015. 

    Full Year Financial Highlights

    - Revenue of $868 million, 7% lower than 2014, due to the 8% lower average gold price
    - EBITDA of $175 millio..
  • 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:

  • Stellar Diamonds receives mining license approval

    2016-02-17
     
    Stellar Diamonds Plc announced that it has received a letter of approval for its Environmental, Social and Health Impact Assessment ("ESHIA") from the Environmental Protection Agency (EPA) in relation to the mining licenses application for its 100% owned Tongo Dyke-1 project ("Tongo" or "the Project") in Sierra Leone.
  • SacOil Holdings commences with acquisition of a 2D seismic survey

    2016-02-17
    SacOil Holdings Limited has commenced with the acquisition of a 2D seismic survey, as it was granted a two-year extension to current exploration period of Block III by the Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), Total E&P RDC (Total) as operator of Block III. 

    As reported previously, ..
  • 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;

  • Anglo American financial report out

    2016-02-17
    Anglo American Plc released its financial report for the year ended 31 December 2015. 

    -  Group underlying EBIT(1) of $2.2 billion, a 55% decrease, due to sharply weaker commodity prices    ($4.2 billion(2) underlying EBIT impact), partially offset by weaker producer country currencies ($1.8 billi..
  • DRDGold reports a decrease in production

    2016-02-16
    DRDGold Limited released its  operating and financial results for the six months ended December 2015. 

    KEY FEATURES
    - Gold production down 1% to 72 436oz
    - All-in sustaining costs down 8% to US$1 104/oz
    - Operating profit up 1% to R165.9 million
  • Harmony Gold Mining releases Feasibility Study results

    2016-02-15
    Harmony Gold Mining Company Limited released an update regarding the Golpu Feasibility Study which confirmed Robust Investment Case. 

    - High grades, early cash flow
    - Staged development with future optionality and flexibility
    - Robust returns
    - Lowest quartil..
  • Premier African Minerals receives financial offer

    2016-02-15
    Premier African Minerals Limited advised that direct finance to RHA Tungsten Mine ("RHA"), in respect of which the Company is the operator and holds a 49% interest, has been offered by a local Zimbabwe based banking institution.

    As part of the continuing preparations in respect of underground ore processing, RHA has increa..
  • Castle Minerals releases quarterly update

    2016-02-15
    Castle Minerals Limited released its quarterly activities report for the period ended 31 December 2015. 

    Highlights:

    New Directors and Management 

    -On 18th January, thr..
  • 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..
  • Kumba Iron Ore releases results

    2016-02-09
    Kumba Iron Ore Limited released its audited preliminary summarised annual results for the year ended 31 December 2015. 

    KEY FEATURES

    -  No loss of life in 2015
    -  42% drop in average iron ore price to US$56/t severely impacted ear..
  • Strandline Resources delivers high grade results

    2016-02-09
    Strandline Resources Limiteds Tajiri prospect, located in Tanzania, has delivered high grade results.

    The Company drilled high grade heavy mineral sands over a 20km strike length. Detailed drilling at Tajiri and Tajiri North have outlined two coherent deposits, both 2-3km several hundred metres wide and 5 to 25 metres thick.
  • Anglo American Platinum releases FY15 results

    2016-02-08
    Anglo American Platinum Limited released its summarised consolidated audited financial results for the year ended 31 December 2015. 

    KEY FEATURES:
    Lost-time injury-frequency rate (LTIFR) per 200,000 hours worked
    (2014: 0.69)
    0.98
  • 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..
  • Pan African Resources releases an updated trading statement

    2016-02-08
    Pan African Resources Plc released an updated trading statement for the six months ended 31 December 2015. 

    Pan African advises shareholders that the Group EPS and HEPS for the current
    interim reporting period denominated in GBP are expected to be between:

    &l..
  • 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..
  • 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.
  • 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 ..
  • Kumba Iron Ore releases updated trading statement

    2016-02-02
    Further to the trading statement released on SENS on 6 November 2015, Kumba Iron Ore Limited reported that it expects a decrease in Headline Earnings per Share and Basic Earnings per Share for the year ended 31 December 2015. 

     The Company indicated that Headline Earnings per Share (HEPS) and Basic Earnings per S..
  • Aquarius Platinum releases production results

    2016-02-01
    Aquarius Platinum Limited has released its production results for the second quarter ended 31 December 2015. 

    Highlights:

    -   Attributable production from operating mines up 0.5% compared to previous corresponding period, quarter ended Decemb..
  • 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..
  • Merafe Resources expects an increase in its earnings for the year

    2016-02-01
    Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.

    Merafe Resources expects Basic earnings per Share to be between 13 cents and 15 cents, an increase when compared to 8.6 cents recorded for the year..
  • 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..
  • 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..
  • 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..
  • Anglo American announces first sales cycle of 2016

    2016-01-26
    Anglo American Plc announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers first sales cycle of 2016. 

    Rough diamond sales during the first cycle of the year improved significantly to $540 million, compared with the $248 million value of the final sales cycle of 2015.
  • 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..
  • 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..
  • Anglo American Platinum anticipates loss in earnings

    2016-01-25
    Anglo American Platinum Limited, the SA-based platinum group metals producer, has released an updated trading statement for the year ended 31 December 2015. 

    Anglo American advised its shareholders that Headline Earnings and Headline Earnings per Share were anticipated to be 20% lower when compared to the previous period en..
  • Nyota Minerals completes placement

    2016-01-22
    Nyota Minerals Limited announced that the Company  has completed a placing of 375,000,000 new ordinary shares to various institutional investor clients of Smaller Company Capital Limited at an issue price of 0.0005 (0.05 pence) to raise 187,500 (approximately A$387,400) before expenses. Smaller Company Capital Ltd acted as sole broker to the Placing.
    <..
  • 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..
  • Rockwell Diamonds releases interim results

    2016-01-15
    Rockwell Diamonds Incorporated released its unaudited interim consolidated financial statements for the three month period ended 30 November 2015. 

    Highlights:

    - Rockwell achieved 715,015 lost time injury free hours (�LTIFH�) at its MOR operations..
  • 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..
  • Sentula Mining announces change in sponsor

    2016-01-15
    The Board of Directors of Sentula hereby advises shareholders that Sentula has appointed Questco Proprietary Limited  as sponsor to the Company, with effect from 17 January 2016.

    Questco replaces Merchantec Capital, whose appointment has, by mutual consent, been terminated.

  • 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 "..
  • Coal of Africa renews Vele Colliery's license

    2016-01-13
    Coal of Africa Limited advised that the Integrated Water Use License (IWUL) for its Vele Colliery in the Limpopo Province has been renewed for a further twenty years. In March 2011, Vele's original IWUL was granted for a period of five years.

    Furthermore, the IWUL has been amended in line with the requirements for the Plant Mod..
  • 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..
  • Bauba Platinum releases its update on the chrome project.

    2016-01-11
    Bauba Platinum Limited during the last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price dropping from $175 to $120 per tonne. 

    The adverse changes in the chrome-ore market, specifically those pertaining to price, have resulted in the Companys chrome project becoming financially u..
  • Keaton Energy Holdings cautions shareholders

    2015-12-23
    Keaton Energy Holdings Limited has released a cautionary announcement to shareholders released on SENS on 29 September 2015 and 9 November 2015 relating to the proposed offer received to acquire the entire issued share capital and claims against Leeuw Mining and Exploration Proprietary Limited and Amalahle Exploration Proprietary Limited ("AEP") (collectively "the KZN Ass..
  • 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..
  • Randgold Resources declines Obuasi Joint Venture

    2015-12-21
    Randgold Resources Limited will not proceed with Obuasi Joint Venture; Obuasi to continue with its Limited Operating Phase at a lower cost. 

    Randgold Resources Limited has informed AngloGold Ashanti that it wishes to terminate the conditional Investment Agreement concluded in September 2015, for a joint venture to redevelop..
  • DiamondCorp releases lace mine update

    2015-12-18
    DiamondCorp Plc reported that production ramp up has commenced from the Upper K4 Block (UK4) at the Lace mine, in the Free State Province of South Africa.

    The first UK4 production is coming from the 310m level, where the slot is being opened up to the drive vertically above it on the 290m level. Once the slot is mined by the end o..
  • 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 ..
  • Buffalo Coal to commence trading on TSX Venture Exchange

    2015-12-15
    Buffalo Coal Corporation has announced that further to its press releases dated May 21, 2015, September 10, 2015, November 11, 2015 and December 3, 2015.12.15

    The common shares of the Company will commence trading on the TSX Venture Exchange effective as of the open of trading on December 18, 2015 under its existing stock symbol, ..
  • 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..
  • Glencore releases debt reduction update

    2015-12-11
    Glencore Plc has released an update regarding the progress made against the debt reduction initiatives. 

    Highlights:

    Positive free cash flow:

    -More than $2 billion of free cash flow at spot prices; Glencore will rem..
  • 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..
  • Petra Diamonds second tender results

    2015-12-11
    Petra Diamonds Limited has released results of its second tender for H1 FY16. 

    -Petra has recently closed its second tender of H1 FY 2016 (1 July to 31 December 2015), with 606,080 carats sold yielding US$86.2 million in revenues, including the sale of the 23.16 carat pink stone from Williamson for US$10.05 million, as repo..
  • 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 ..
  • 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..
  • African Rainbow Minerals� trading statement for six months is out

    2015-12-11
    African Rainbow Minerals limited's headline earnings for the six months ended 31 December 2015 are currently anticipated to be at least 20% (R205 million) less than those for the same period in the previous financial year.

    Headline earnings per share are anticipated to be at least 20% (95 cents) less than those for the same per..
  • Jubilee Platinum concludes acquisition

    2015-12-09
    Jubilee Platinum Plc has announced the third and final tranche payment to conclude the acquisition of the beneficial interest in the DCM platinum project. 

    Highlights:
    -100% beneficial interest in the DCM Platinum Project concluded
    -35 000 tons per month process..
  • 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..
  • Tharisa reports an increase in revenue

    2015-12-09
    Tharisa Plc released its condensed financial results for the year ended 30 September 2015. 

    Highlights: 

    PGM production (6E) up 50.9% 118.0 koz (2014: 78.2 koz)

    chrome concentrate product..
  • StratMin Global Resources releases operational update

    2015-12-08
    StratMin Global Resources Plc has announced the achievement of operational level breakeven and a comprehensive update on progress achieved since appointment of its new CEO, Brett Boynton, and entering into a strategic partnership with Tirupati Carbons & Chemicals (P) Limited. 

    Production output over the ..
  • 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..
  • Coal of Africa releases update of offer funding

    2015-12-07
    Coal of Africa Limited has announced that, following the announcement on 26 November 2015 regarding the recommended offer to be made for Universal Coal Plc, it has entered into a subscription agreement with M&G Investment Management Limited ("M&G"), pursuant to which M&G has agreed to subscribe for new Coal shares for an aggregate subscription amount of..
  • 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 ..
  • 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..
  • DiamondCorp announces proposed placing

    2015-12-03
    DiamondCorp Plc announced the proposed placing of new ordinary shares of 0.1 pence each in the Company in order to raise gross proceeds of up to 4 million (the Placing). The Placing is being conducted through a bookbuilding process which will be launched immediately following this announcement and will be made to new and existing eligible institutional and other investors.
  • Edenville Energy completes placing

    2015-12-03
    Edenville Energy Plc announced the completion of a placing of 625,000,000 new ordinary shares of 0.02p each in the capital of the Company at 0.04 pence per New Ordinary Share.
     
    The funds from the Placing will bring new money into the Company and will be used to advance work on the power plant engineering tasks with Runh Power, along ..
  • Petra Diamonds acquires interest in the Kimberley Mines

    2015-12-03
    Petra Diamonds Limited announced the acquisition of an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Limited in a consortium with Ekapa Mining (Pty) Limited ("Ekapa Mining"), an established Kimberley-based diamond tailings producer. 

    Highlights:<..
  • 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..
  • Sable Metals & Mineral releases trading update

    2015-12-02
    Sable Metals & Mineral Limited has released its trading update for the period ended 31 August 2015. 

    Sable advises shareholders that the loss and headline loss are expected to be between 1.50 and 2.10 cents per share compared to a loss and headline loss of 4.43 cents per share for the comparable period equating to a..
  • 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..
  • Anglo American makes a new appointment

    2015-12-01
    Anglo American Plc has announced the appointment of Didier Charreton as Group Director Human Resources and as a member of the Group Management Committee, effective 1 December 2015 and based in the UK. 

    Didier has held a number of senior global HR roles across his more than 25-year career, most recently as the Chief Human ..
  • 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..
  • Petmin releases operational update

    2015-11-19
    Petmin Limited has released its operational update for the quarter ended 30 September 2015. 

    Production of metallurgical anthracite for the quarter increased by 4% to 352 179 tonnes (2014: 340 010 tonnes). Sales volumes increased by 29% to 355 201 tonnes (2014: 276 396 tonnes) as demand for Somkhele anthracite products rema..
  • 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..
  • Gold Fields releases quarterly update

    2015-11-19
    Gold Fields Limited released its quarterly results for the period ended September 2015. 

    Highlights: 

    $948 per ounce All-in-sustaining costs

    $961 per ounce All-in-costs
  • 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:
  • 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 ..
  • Sentula Mining releases trading statement

    2015-11-12
    Sentula Mining Limited has released its trading statement for the six months ended 30 September 2015. 

    A review of the financial results for the period by management has indicated that the basic loss per share (LPS) is expected to be between 5.32 cents and 5.99 cents, reflecting a decrease in the loss of between 60.0% and..
  • 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..
  • 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..
  • SacOil Holdings releases a trading statement

    2015-11-11
    SacOil Holdings Limited has released a trading statement for the six month period ended 31 August 2015. 

    As previously reported, the Group has embarked on a turnaround strategy driven by the rationalisation and balancing of the Groups existing portfolio of assets to reposition the Group. The impact of these activities on t..
  • 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..
  • Gem Diamonds releases Q3 trading update

    2015-11-11
    Gem Diamonds Limited has released its trading operational and sales performance update for the period ended 30 September 2015. 

    Leteng:

    Prices firm, costs down and production up

    -Revised 2015 pro..
  • 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..
  • 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. ..
  • Impala Platinum announces changes to the Board

    2015-11-11
    Impala Platinum Holdings Limited has announced the resignation of Brett Nagle as a Non-Executive Director of the Board of Directors of the Company with immediate effect. 

    The Board expresses its appreciation to Nagle for his contribution during his tenure and wishes him well in his future endeavours.
    &..
  • Exxaro Resources expects a marginally higher net operating profit

    2015-11-11
    Exxaro Resources Limited has released its trading update for the year ended 31 December 2015 and will release its reviewed annual financial results for the year ending 31 December 2015 on 3 March 2016.

    The groups net operating loss reported for the year ended 31 December 2014 is expected to improve by at least R658 million (20%) fo..
  • Jubilee Platinum commences with construction

    2015-11-10
    Jubilee Platinum Plc commences with construction of its surface platinum project. 

    Highlights:

    -     Jubilee has commenced with construction of the processing facility for its Platinum Processing Project
    - &..
  • 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.

    <..
  • Lonmin releases production report

    2015-11-02
    Lonmin Plc announced its production results for the 3 and 12 months to 30 September 2015. 

    This follows Lonmins year-end trading update, business plan and funding strategy released on 21 October 2015.

    As announced on 21 October 2015, Lonmin is taking decisive action to..
  • 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 (..
  • Impala Platinum reports increase in platinum production

    2015-10-30
    Impala Platinum Holdings Limited has released its production report for the first quarter ended 30 September 2015. 

    Safe production remains our principle priority and is a key component in delivering on the Groups strategic objectives. Regrettably, an employee passed away in a fall-of-ground incident at the jointly-managed..
  • 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..
  • Resource Generation releases report update

    2015-10-29
    Resource Generation Limited has released a quarterly report update for the three month period ended 30 September 2015. 

    Negotiations continued during the quarter with various parties to provide project finance for the construction of the Boikarabelo mine.

    One of these p..
  • 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..
  • Oando releases H1 FY15 results

    2015-10-26
    Oando Plc released its results for the six months ended 30 June 2015. 

    Financial Highlights:

       -   Turnover decreased by 7%, N180 billion compared to N194.6 billion (H1 2014)
       - &am..
  • 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.

    &..
  • 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..
  • Base Resources releases operational update

    2015-10-21
    Base Resources Limited released a quarterly operational update at its Kwale Mineral Sands Operations located in Kenya, East Africa.  

    With the consistent achievement of design availabilities and throughputs in both the wet concentrator plant (WCP) and mineral separation plant (MSP) and recoveries in the WCP, the focus r..
  • 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..
  • Lonmin exceeds platinum guidance for FY15

    2015-10-21
    Lonmin Plc has released a trading update for the year ended 30 September 2015. 

    On an unaudited basis, Lonmin's sales of platinum exceeded its guidance for the year ended 30 September 2015, achieving sales of 751,560 platinum ounces compared to forecast guidance of 730,000 platinum ounces. 
  • 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;&..
  • Wescoal Holdings reports a loss in revenue

    2015-10-21
    Wescoal Holdings Limited released its unaudited condensed consolidated interim results for the six month period ended 30 September 2015. 

    -   Elandspruit mine operational and proven expected production capacity and quality as anticipated.
    -   Trading division operating EBITDA at R28,..
  • 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,..
  • Northam Platinum concludes wage agreement

    2015-10-20
    Northam Platinum Limited has concluded a three year wage agreement between mining contractor, Murray and Roberts Cementation and its representative unions, the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity across MRC operations. 

    This agreement will consequently be appli..
  • 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..
  • Royal Bafokeng reports an improvement in tonnes milled

    2015-10-19
    Royal Bafokeng Platinum Limited has released its quarterly review and production report for the period ended 30 September 2015. 

    Key features

        -    Tragically one scraper winch related fatal accident
     ..
  • 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..
  • Rockwell Diamonds releases its financial results

    2015-10-16
    Rockwell Diamonds Incorporated  has released its financial results for the three month period ended 31 August 2015. 


    Highlights:

    -   Rockwell continued to make progress with its promised restructuring..
  • Keaton Energy Holdings releases H1 FY15 production update

    2015-10-15
    Keaton Energy Holdings Limited has released its  first half production update for the half year ended 30 September 2015.

    Vanggatfontein reported a LTIFR of 0.38 (H1 FY2015: 0.04) and Vaalkrantz a LTIFR of 0.17 (H1 FY2015:0.12). Safety remains a management focus area and Keaton Energy continues to strive for a zero harm envi..
  • 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..
  • Kibo Minings update on Mbeya Coal to Power Project

    2015-10-14
    Kibo Mining Plc  has significantly improved financials for the Mbeya Coal to Power Project's ("MCPP") coal mine component.

    The Company and its advisers Minxcon Projects have now completed a financial optimization  study for the MCPP coal mine, based on feasibility results received to date.
  • 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..
  • Pan African Resources concludes wage agreements

    2015-10-14
    Pan African Resources Plc has concluded wage negotiations at its gold mining operations and entered into multi-year agreements with the unions representing employees. 

    Barberton Mines has concluded a two-year agreement with the National Union of Mineworkers and the United Association of South Africa ("UASA") on wa..
  • 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..
  • 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..
  • Tharisa releases Q4 FY15 production report

    2015-10-09
    Tharisa Plc released its production report for the three month period ended 30 September 2015. 

    Optimal waste and inter-burden removal was a key focus area in this quarter to ensure that sufficient reef in the required blend was available for processing. This focus, together with the re-opening of the West Pit, contributed ..
  • 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..
  • Centamin reports a 13% increase in gold production

    2015-10-08
    Centamin has released its preliminary production results for the quarter ended 30 September 2015 from its Sukari Gold Mine in Egypt.
     
    Preliminary total gold production for the quarter was 105 413 ounces, a 13% increase on Q3 2014 and in line with production in the second quarter 2015.  Full year production guidance of betwee..
  • 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..
  • Botswana Diamonds releases drilling update

    2015-10-08
    Botswana Diamonds Plc released an update on their joint venture drilling programme on license PL 210 in the Orapa region of Botswana.
     
    A three hole drilling programme has been completed. The programme targeted an anomaly discovered by Alrosa using their Transient Electromagnetic Method (TEM) reinforced by soil sampling which had earl..
  • 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..
  • Giyani Gold releases financial statements

    2015-10-07
    Giyani Gold Corporation released its interim financial statements for the six months ended 30 June 2015.

    The Company had a net loss of $1,431,089 for the six months ending June 30, 2015, compared to a loss of $1,667,150 for the previous period.

    Corporate, general and administrat..
  • 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..
  • Bounty Oil and Gas update on Kiliwani North joint venture

    2015-10-06
    Bounty Oil and Gas NL has announced that that the Tanzania Petroleum Development Corporation has notified Aminex Plc, the joint venture operator, of its intention to a 5% working interest in the Kiliwani North Development License and will become a full working interest partner going forward. 

    Under the terms of the Nyuni Ea..
  • 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..
  • Mozambi Resources commences with drilling at Chiwata

    2015-10-06
    Mozambi Resources Limited has announced that a Reverse Circulation drilling rig has been mobilised to site and drilling has now commenced at Chiwata prospect located in Tanzania.

    Drilling will be targeting large and jumbo flake graphite confirmed in ground assays on the 13th of August 2015. The Company planned a 1 800m RC drilling p..
  • 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..
  • Jubilee Platinum completes transfer of ownership

    2015-10-05
    Jubilee Platinum Plc announced that on 30 September 2015 it formally transferred ownership and related risk and benefit in 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited, the owner of the Middelburg Smelter and 70% of the issued shares in Power Alt Proprietary Limited, the owner of the Power Plant for a combined consideration of R 110.5 million.
  • Erin Energy releases operational update

    2015-10-05
    Erin Energy Corporation has released an Operational Updates regarding oil discovered in place of approximately 500 MMbbls offshore Ghana. 

    The Company  announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded S..
  • 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. 

  • Harmony Gold successfully concludes wage agreements

    2015-10-02
    Harmony Gold Mining Company Limited has reached a three year wage agreement with the National Union of Mineworkers, UASA and Solidarity, effective from 1 July 2015. Increases range from 6% for miners, artisans and officials to 10.4% for category 4 employees.

    The new increase will ensure that all category 4 to 8 employees and B-lower..
  • 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..
  • 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..
  • 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..
  • Ferrum Crescent releases FY15 financial results

    2015-10-01
    Ferrum Crescent Limited has released its final results for the year ended 30 June 2015. 

    Highlights

    - Drilling campaign completed to investigate the extent of Zone D at Moonlight Deposit and
       provide informati..
  • 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..
  • Mozambi Resources releases EM survey results at Chiwata

    2015-10-01
    Mozambi Resources Limited has announced that results from the ground electromagnetic (EM)survey at Chiwata confirm conductive targets along strike from the known graphite mineralisation. 

    Results of the survey will be used to help target the holes in an upcoming drilling programme. Survey results indicate that graphite mine..
  • Black Rock Mining releases drilling update

    2015-10-01
    Black Rock Mining Limited has announced highly encouraging results from the next two drill holes at the Cascade prospect at the Mahenge project located in Tanzania. 

    These results reiterate that Cascade has the potential to be both larger in size and higher in grade than the recently drilled Epanko north prospect. Drilling ..
  • Goldplat releases FY15 preliminary results

    2015-09-28
    Goldplat Plc has released its preliminary results for the year ended 30 June 2015.

    Overview
    Focused on growth of market-leading gold recovery operations in South Africa and Ghana, with additional ups..
  • Vast Resources commences with production at Pickstone-Peerless mine

    2015-09-23
    Vast Resources Plc has commenced with production at its 584 hectare Pickstone-Peerless gold mine in Zimbabwe, with its first gold smelt producing 8.5 kilogram of gold bullion, which will be delivered to the Fidelity refinery in Harare.  

    This milestone follows the maiden sale of approximately 450 tonnes of copper concentrat..
  • 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..
  • Edenville Energy updates on the Rukwa coal project mining license application

    2015-09-23
    Edenville Energy Plc has released an update concerning its Mining License Application for the Rukwa coal project and recent discussions with potential EPC (Engineering, Procurement and Construction) partners in Tanzania.  

    The submission of the Mining Licence Application to the Tanzanian Ministry of Energy and Minerals (MEM..
  • Goldplat provides operational update

    2015-09-23
    Goldplat Plc has announced further progress on capital projects aimed at improving the production and efficiency of its gold recovery operations in South Africa, Goldplat Recovery (Pty) Limited and an update at its Kilimapesa gold mine located in Kenya.

    Goldplat Recovery capital projects
    <..
  • 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 ..
  • 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%..
  • Syrah Resources releases Balama project update

    2015-09-22
    Syrah Resources Limited  has released an update regarding its development activities at the Balama project located in Mozambique. 

    During September 2015, the Company successfully completed a fully underwritten AUD211 million capital raising to advance the development of the Balama project. A Feasibility Study compl..
  • Coal Of Africa successfully completes placement

    2015-09-22
    Coal Of Africa Limited has successfully completed the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.

    The 183 231 261 ordinary shares were issued to Yishun, at 5.15 pence per share, in terms of the subscription agreement entered into between the Company and Yishun in relation thereto and raised 9 4..
  • 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..
  • 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..
  • Further update on Waterberg Coal Companys voluntary suspension

    2015-09-18
    The Waterberg Coal Company Limited has requested an extension to its current voluntary suspension in the trading of its securities due to expire on 21 September 2015. 

    On  17 September 2015,  The Waterberg Coal Company Limited has entered into a non-binding term sheet with Sibanye Gold Limited. Whereby, in..
  • Petra Diamonds reports a 10% decrease in revenue

    2015-09-18

    Petra Diamonds Limited has released its preliminary results for the year ended 30 June 2015.


    Financial Highlights
  • 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..
  • 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..
  • 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 ..
  • Atlatsa Resources to implement a restructure plan at Bokoni mine

    2015-09-17
    Atlatsa Resources Corporation has advised that, together with its joint venture partner, Anglo American Platinum Limited, has determined to implement a restructure plan at Bokoni Platinum Mine Proprietary Limited, located in South Africa.

    The Bokoni Mine remains in development with its key Middelpunt Hill UG2 and Brakfontein Merensk..
  • 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..
  • FAR commences with a new 3D seismic survey in Senegal

    2015-09-17
    FAR Limited and its Senegal joint venture partners have begun a new 3D seismic survey over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal.  

    The Polarcus Adira 3D seismic vessel will acquire data in the north and east parts of the permits along trend from existing mapped prospects where there is currentl..
  • 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..
  • Kibaran Resources graphite production target increases by 50%

    2015-09-17
    Kibaran Resources Limited has announced that the completion of the Companys updated production growth strategy for its flagship projects in Tanzania in East Africa has resulted in a significant increase in potential graphite concentrate tonnages per annum. 

    The new work has confirmed that Kibaran Resources Epanko and Mere..
  • 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..
  • Gem Diamonds announces sale of 357carat white diamond

    2015-09-16
    Gem Diamonds Limited has announced the sale of an exceptional 357carat white diamond (recovered at the Leteng mine in July 2015) which achieved $ 19.3 million on tender in Antwerp.

    Chief Executive Officer Gem Diamonds, Clifford Elphick, commented, "The Leteng mine has produced two remarkable +300 carat diamonds during the yea..
  • 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 ..
  • Paragon Diamonds releases study results on the Mothae project

    2015-09-16
    Paragon Diamonds Limited has announced the results of two independent studies carried out by The MSA Group on the Mothae Kimberlite Project located in Lesotho, that Paragon is in the process of acquiring.

    The conclusions exceed managements initial expectations, as detailed in the announcement of 5 May 2015, that Mothae represents a..
  • 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..
  • Pan African Resources declares a dividend of R210 million for FY15

    2015-09-16
    Pan African Resources Plc has released its provisional audited results for the year ended 30 June 2015. 

    • The group headline earnings in ZAR terms was R213.6 million (2014: R452.0 million) and in GBP terms was GBP11.9 million (2014: GBP26.8 million).

    &..
  • Eastern Platinum receives approval from the Competition Authorities of South Africa

    2015-09-16
    Eastern Platinum Limited has announced that the Competition Authorities of South Africa has granted unconditional approval for the transaction whereby Hebei Zhongbo Platinum Co. Limited will acquire the Company�s entire platinum group metals (�PGM�) business and all investments and loan agreements that Eastern Platinum has with its subsidiary companies.
  • 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 ..
  • Botswana Diamonds commences with drilling

    2015-09-14
    Botswana Diamonds Plc has released an exploration update regarding its activities in Botswana.  
     
    A 7-person Russian team of geologists and mineralogists has arrived in Botswana and work is now underway on Prospecting Licenses PL206, PL 085 and PL210.
     
    On PL 206, heavy co..
  • 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..
  • Delrand Resources commences trading on NEX

    2015-09-14
    Delrand Resources Limited has announced that further to its 19 August 2015 press release, its common shares will begin trading on NEX, a separate board of the TSX Venture Exchange on 14 September 2015. 

    As previously announced, the voluntary delisting of the Companys common shares from the Toronto Stock Exchange will be ef..
  • Buffalo Coal releases update on TSX listing

    2015-09-11
    Buffalo Coal Corporation announced that further to its press release dated 22 May 2015, has applied for a voluntary delisting of its common shares on the Toronto Stock Exchange and expects to submit an application for the listing and posting of the Common Shares on the TSX Venture Exchange (TSXV).

    The Company believes that listing t..
  • 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..
  • ArcelorMittal South Africa makes Board changes

    2015-09-10
    ArcelorMittal South Africa Limited has announced the appointment of Neville Nicolau as an Independent Non-Executive Director of the Board with affect from 10 September 2015 and the appointment of Lungile Cele as an Independent Non-Executive Director of the Board with effect from 04 January 2016. 

    Nicolau holds a BTech in Mi..
  • 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..
  • 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..
  • Glencore releases an operational update on its African copper operations

    2015-09-09
    Glencore Plc has commenced with a review of the business, operations and expenses of its 74.4% owned subsidiary, Katanga Mining Limited, as well as its Mopani copper mines.

    These reviews are underway due to the current challenging environment for commodities.

    The Company reporte..
  • 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. 
  • 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..
  • West African Resources discovers new gold at M3 prospect

    2015-09-08
    West African Resources Limited has released results from its first-pass shallow oxide Reverse Circulation drilling conducted at the M3 prospect, in the Tanlouka gold project, located in Burkina Faso. 

    Drilling confirmed shallow high-grade oxide mineralisation of 32 metres at 5.02 g/t gold including 13 metres at 7 g/t gold f..
  • 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..
  • 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 ..
  • Gemfields releases auction update

    2015-09-08
    Gemfields Plc has released results from its auction of higher quality rough emerald extracted by its 75% owned subsidiary, Kagem Mining Limited as well as higher quality amethyst extracted from Kariba Minerals Limited, a 50% owned subsidiary, both operations are located in Zambia 

    The Company reported that the em..
  • Petmin announces changes to the Board

    2015-09-08
    Petmin Limited has announced that Lebo Mogotsi, current Executive Deputy Chairperson, will serve as the Non-Executive Deputy Chairperson with effect from the Companys 2015 Annual General Meeting.

    Subsequent the conclusion of the Annual General Meeting, Mogotsi will no longer serve as an executive member of the Company. Furthermore,..
  • Magnis Resources receives a Special Mining License

    2015-09-08
    Magnis Resources Limited has been granted a Special Mining License by the Ministry of Energy and Minerals of Tanzania for the Nachu graphite project. 

    The license approval will enable the Company to  finalise funding arrangements for further project developments. The Company reported that the license was granted to..
  • The Waterberg Coal Company releases update on voluntary suspension

    2015-09-07
    The Waterberg Coal Company Limited has requested an extension to its voluntary suspension in the trading of its securities due to expire on 7 September 2015.

    The Company is currently seeking for an extension in order to finalise a proposed third party funding arrangement to replace its existing funding facility with Standard Bank of..
  • 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..
  • 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..
  • Predictive Discovery announces results on exploration near Bongou

    2015-09-04
    Predictive Discovery Limited has released an update on its activities in West Africa. 

    The Company reported that an exploration target near the Bongou gold deposit in Burkina Faso has been calculated on drilled prospects demonstrating a range of approximately 9.4 to 10.4 million tonnes averaging between 1.5 to 1.7 g/t gold ..
  • 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..
  • 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 ..
  • Lonmin updates on shaft closures and workforce reduction

    2015-09-03
    Lonmin Plc has released an update on the steps taken to reduce the companys cost base and underpin its ability to remain sustainable with the depressed platinum price.
     
    To date 1 400 employees have left the Company and Lonmins cash costs as at 31 July 2015 were R10 499 per ounce of platinum group metals, below the cost guidance of ..
  • Atlatsa Resources uncertain about interim results release date

    2015-09-03
    Atlatsa Resources Corporation remains unsure of when its interim financial results for the three and six months ended 30 June 2015 will be released due to the uncertainties surrounding its operations, financial condition and the state of commodity markets.
     
    The Company remains in discussions with Anglo American Platinum Limited surro..
  • 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 ..
  • African Potash secures a second fertiliser supply contract

    2015-09-03
    African Potash Limited has entered into a Memorandum of Understanding with a Malawian fertiliser company to supply over 50 000 tonnes of fertiliser.

    The agreement follows the announcement of the landmark trading agreement with the Common Market for Eastern and Southern Africa (COMESA ACTESA) and the Mask Africa Crowd Farm Fund Limit..
  • 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..
  • Shanta Gold completes redevelopment of Bauhinia Creek and Luika pits

    2015-09-03
    Shanta Gold Limited has released its interim results for the six month period ended 30 June 2015.

    Strip ratios and future mining costs relating to the Bauhinia Creek and Luika pits, located in Tanzania, have been significantly reduced due the redesigning and re-optimising of the pits. The redevelopment of the pits had reduced ore pr..
  • ArcelorMittal South Africa continues to seek sustainable profitability

    2015-09-03
    ArcelorMittal South Africa Limited is currently engaging with its stakeholders, Government and organised labour to review its Vereeniging works, in South Africa. 

    The Company continues to engage in discussions around whether to mothball some of the plants and place others under care and maintenance.
    &l..
  • 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..
  • Globe Metals and Mining enters into agreement with Malawian Government

    2015-09-01
    Malawi Ministry of Natural Resources, Energy and Mining has concluded an agreement with Globe Metals and Mining Limited, to provide exploration and mining access rights to the Katengeza graphite prospect.  

    The Company reported that the Malawi Ministry of Natural Resources, Energy and Mining removed a significant section of..
  • 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..
  • Magnum Mining and Exploration sells its remaining shareholding in the Tantalite Valley project

    2015-09-01
    Magnum Mining and Exploration Limited has entered into a sale and purchase agreement with African Tantalum (Pty) Limited regarding its remaining 40% interest in the Tantalite Valley project located in Namibia. 

    Magnum Mining and Exploration, under the terms of the sale and purchase agreement will sell the 40% shareholding f..
  • 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..
  • Sovereign Metals Scoping Study confirms extra large jumbo flakes

    2015-09-01
    Sovereign Metals Limited has released Scoping Study results for its Duwi flake graphite project in Malawi. 

    The study considered two production scenarios, the first one is the 1.5 million tonne per annum base case and the second one is the 0.55 million tonne per annum low tonnage case. 
  • Premier African Minerals updates on RHA tungsten project

    2015-08-27
    Premier African Minerals Limited has released an update on its 49% owned RHA tungsten project located in Zimbabwe.

    The RHA process plant modifications, designed to improve on efficiency of the crushing circuits were installed and operational benefits of the plant have been confirmed. The plants through-put has improved significantl..
  • Avocet Mining reports a decrease in gold production

    2015-08-26
    Avocet Mining Plc released its unaudited interim results for the six month period ended 30 June 2015. 

    Gold production was 11% lower, at 39 859 ounces, for H1 FY15 compared to gold production of 44 798 ounces recorded for H1 FY14, reflecting complex ore body and knock-on effects of the strike at the Inata gold mine located ..
  • 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. 
  • West African Minerals disposes of its Sierra Leone licenses

    2015-08-26
    On 27 February 2015, West African Minerals Corporation announced the implementation of a new stream-lined budget for 2015 to reduced expenditure, including the proposal to relinquish its licenses in Sierra Leone, which would reduce costs to $50 000 in the 2015 budget.

    The Company sold its entire interest in the share capital of its ..
  • 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 ..
  • 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..
  • West African Resources drilling programme yields high grade results

    2015-08-25
    West African Resources Limited has released its results from the shallow oxide Reverse Circulation drilling at its Mankarga 1 prospect at the Tanlouka permit located in Burkina Faso. 

    Results from the drilling programme confirmed shallow oxide mineralisation at Mankarga 1 prospect. 

    ..
  • 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..
  • 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..
  • Tlou Energy successfully completes drilling at Selemo

    2015-08-24
    Tlou Energy Limited has successfully completed the drilling of the first two new lateral production wells at the Selemo project in Botswana. 

    The Company is investigating a dual listing on the AIM market of the London Stock Exchange. A final decision in regards to the listing process will be made in the next few months.<..
  • 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..
  • Waterberg Coal Company requests extension on voluntary suspension

    2015-08-24
    Waterberg Coal Company Limited requested an extension to its current voluntary suspension in the trading of its securities on the ASX which expired on Monday 24 August 2015 prior to commencement of trade.

    The Company is seeking the extension to the voluntary suspension to allow time to finalise a proposed third party funding arrange..
  • 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..
  • Northam Platinum satisfied with performance from operations

    2015-08-21
    Northam Platinum Limited has released its preliminary results for the year ended 30 June 2015. 

    During the year, the Company secured the R606 billion Black Economic Empowerment equity transaction with Zambezi Platinum Limited for a 10 year period. 

    Northam Plat..
  • 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..
  • Gem Diamonds delivers strong performance for H1 FY15

    2015-08-20
    Gem Diamonds Limited has released its half year results for the six months ended 30 June 2015. 

    Revenue in H1 FY15 was reported to be $118.0 million, down from the $148.9 million reported for H1 FY14. Underlying EBITDA had decreased from $63.5 million as reported for H1 FY14 to $46.1 million for H1 FY15.
  • 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 ..
  • 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. 

    ..
  • Northam Platinum receives equity injection from BEE transaction

    2015-08-19

    Northam Platinum Limited released its trading statement for the year ended 30 June 2015.


  • 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. 

  • Harmony Gold reports an 8% decrease in production

    2015-08-19
    Harmony Gold Mining Company Limited released its Q4 FY15 and FY15 results for the period ended 30 June 2015. 

    Gold production increased by 4% from 7 642 kilograms recorded for Q3 FY15 to 7 977 kilograms in Q4 FY15. All-in sustaining costs remained stable at R478 746 per kilogram. Headline Earnings per Share incre..
  • Bauba Platinum reaches its targeted production rate

    2015-08-19
    Bauba Platinum Limited has released its consolidated provisional results for the year ended 30 June 2015. 

    During the period under review, Bauba Platinum underwent significant changes from being a junior platinum explorer to a cash generating chrome producer. The change was a result of the shares transaction approved by sha..
  • Caledonia Mining releases results

    2015-08-18
    Caledonia Mining Corporation has announced its operating and financial results for H1 FY15 and Q2 FY15.

    The Company reported that its gold production of 20 361 ounces in H1 FY15 and 10 401 ounces for Q2 FY15 was slightly ahead of target. On mine cost per ounce of $729 per ounce for Q2 FY15 and $699 per ounce for H1 FY15 was higher d..
  • Tawana Resources updates on Mofe Creek project

    2015-08-18
    Tawana Resources NL has submitted a Scoping Report and Terms of Reference report for an Environmental and Social Impact Assessment for review to the Environmental Protection Agency of Liberia. 
     
    Upon receiving approval from the Environmental Protection Agency, the Company will fully progress with the Mofe Creek projects Env..
  • 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..
  • Cardinal Resources confirms gold zone north of Namdini

    2015-08-18
    Cardinal Resources Limited has released its drilling results from the recently acquired area north of the Namdini mining license, which is located within the Companys Namdini project in Ghana. 

    Results from drill hole NMRC467-774 indicated 67 metres at 3.10 g/t gold from 3 metres vertical depth, including 3 metres at 15.30..
  • Lemur Resources acquires vanadium project in South Africa

    2015-08-18
    Bushveld Minerals Limited has announced that its subsidiary, Lemur Resources Limited, has signed a binding term sheet with Sable Metals and Minerals Limited to acquire a vanadium project located in South Africa.  

    The project comprises of three greenfields properties, which are prospective for vanadium, and are located in t..
  • 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. 
    <..
  • Mozambi Resources receives positive graphite sample results

    2015-08-13
    Mozambi Resources Limited has received flake size results from the 3 rock chip samples collected from the Nachingwea project in Mozambique. 

    The samples were sent to SGS South Africa for analysis  and demonstrated that between 25% and 36% of the graphite samples, by weight, have a flake size greater than 300 micron..
  • 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..
  • 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..
  • Bauba Platinum expects an increase in earnings

    2015-08-12
    Bauba Platinum Limited has released a trading statement for the year ended 30 June 2015. 

    The Company expects a decrease in loss per share of between 95% and 115%  to be between 0.39 cents per share and 1.15 cents per share compared to the loss per share of 7.7 cents reported for FY14. 
  • Eastern Platinum updates on transaction restructuring

    2015-08-12
    Eastern Platinum Limited has advised that the proposed restructuring agreement entered into with Hebei Zhongbo Platinum Company Limited remains subject to the execution of definitive agreements and the receipt of all necessary South African regulatory approvals.

    Pursuant to this, the Company is seeking an extension to the Final Date..
  • 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 ..
  • Aquarius Platinums mines deliver record production for FY15

    2015-08-12
    Aquarius Platinum Limited released its preliminary full year results for the year ended 30 June 2015. 

    Revenue decreased by 9%, from $233 million reported in FY14 to $213 million in FY15, attributable to lower platinum group metal prices. 

    Mine EBITDA decreased..
  • Paragon Diamonds set to acquire Mothae Kimberlite Resource

    2015-08-11
    Paragon Diamonds Limited announced that the Company obtained approval from the Government of Lesotho to complete its acquisition of the 75% interest and operatorship of Mothae Kimberlite Resource from Lucara Diamond Corporation.

    The Mothae Kimberlite Resource is located 5 kilometres from the Letseng diamond mine in Lesotho, also hom..
  • 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..
  • Syrah Resources raises capital

    2015-08-11
    Syrah Resources Limited has successfully completed its placement and the institutional Entitlement Offer, raising approximately AUD166 million. 

    The completion of the placement and Entitlement Offer follows the Companys announcement regarding a fully written capital raising of approximately AUD211 million which will be use..
  • 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..
  • 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..
  • Apollo Consolidated identifies gold anomalies

    2015-08-11
    Apollo Consolidated Limited has identified new gold anomalies from the most recent batch of soil assay results collected from its Boundiali permit located in Cote dlvoire.

    The latest soil sampling results confirm the presence of up to 0.40 g/t gold and suggest potential for new zones parallel to the existing Antoinette anomaly. The..
  • Mozambi Resources granted additional prospecting licenses in Tanzania

    2015-08-11
    Mozambi Resources Limited has completed its initial review of the 18 applications encompassing the Nachingwea graphite project in Tanzania. 

    The Company selected 7 applications, of which 2 have already been granted and selected for 100% acquisition and the remaining 11 license applications were returned to the ve..
  • 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..
  • Waterberg Coal Company requests extension to voluntary suspension

    2015-08-11
    The Waterberg Coal Company Limited has requested an extension to its voluntary suspension in the trading of its securities on the ASX which expired prior to commencement of trade on 10 August 2015.

    The Company is seeking the extension to allow time to finalise a proposed third party funding arrangement to replace its existing fundin..
  • Tawana Resources discovers new mineralisation at Koehnko prospects

    2015-08-07
    Tawana Resources NL has discovered additional iron ore mineralisation from outcropping iron formations at both the Keohnko North East and Koehnko East prospects within the Mofe Creek project located in Liberia. 

    The Company mapped the mineralisation as predominantly friable itabirite with some higher grade hematite capping ..
  • 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..
  • 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..
  • 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..
  • 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..
  • Northam Platinum concludes wage negotiations with NUM

    2015-08-05
    Northam Platinum Limited has concluded wage negotiations with the National Union of Mineworkers (NUM) at its Zondereinde mine located in South Africa.

    The Company signed a three year wage agreement for increases on basic wages and allowances of 13% for entry level underground employees in year 1; 11.6% in year 2 and 10.5% in year 3...
  • 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..
  • Buffalo Coal reports a fall of ground at its Magdalena mine

    2015-08-05
    Buffalo Coal Limited has advised of a fall of ground at its Magdalena mine in South Africa.

    The fall of ground happened in an area of the mine that was being used as an access way for the conveying of coal from two production sections to surface. 

    The Company reports th..
  • 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 ..
  • StratMin Global Resources successfully completes stage 2 optimisation

    2015-08-05
    Earlier this year, StratMin Global Resources Plc commenced a staged optimisation programme at its Loharano plant, in Madagascar, and has successfully completed stage 2 of the programme.

    The Company reported that hourly production rates have increased significantly and graphite purity levels have been maintained.
  • 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..
  • Coal of Africa enters into agreements

    2015-08-05
    Coal of Africa Limited has entered into a subscription and a loan agreement with Singapore private investment company, Yishun Brightrise Investments PTE Limited.

    Yishen Brightrise Investments, under the subscription agreement, has agreed to acquire up to 183 231 261 ordinary shares, which is approximately 9.5% of the issued share sh..
  • 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. 
  • Royal Bafokeng Platinums balance sheet a priority

    2015-08-04
    Royal Bafokeng Platinum Limited has released its results for the six month period ended 30 June 2015.

    During the period under review, the Companys Board of Directors reduced capital expenditure on construction activities at the Styldrift I project, in South Africa, to maintain a strong balance sheet. A healthy balance sheet is a pr..
  • Merafe Resources reports a 16% increase in production

    2015-08-04
    Merafe Resources Limited released its interim financial results for the six months ended 30 June 2015. 

    Production increased to 195 000 tonnes, representing a 16% increase compared to the previous corresponding period. Revenue increased by 12% from R1.9 billion reported for H1 FY14 to R2.2 billion in H1 FY15. 
  • Black Rock Mining discovers a new prospect

    2015-08-04
    Black Rock Mining Limited has discovered a new mineralised zone at its Mahenge project located in Tanzania. 

    The Company discovered the Ulanzi prospect located 1 kilometre West of the Cascade prospect.  Assay results from the initial sampling demonstrated 36 samples averaging 11.1% Total Graphic Carbon, including b..
  • 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..
  • 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..
  • Firestone Energy concludes Paarl Waste Water Treatment Facility agreement

    2015-08-04
    Firestone Energy Limited has advised that the Waterberg coal project joint venture partners, through Sekoko Coal (Pty) Limited entered into an agreement with the Lephalale Municipal Council. 

    Waterberg coal project joint venture partners will take over the management and operation of the Paarl Waste Water Treatment Facility..
  • Cardinal Resources recovers high grade gold from Namdini

    2015-08-04
    Cardinal Resources Limited released results for the diagnostic cyanide leach testing of Reverse Circulation chips from oxide and fresh mineralised zones within the Namdini mining project in Ghana. 

    Results indicated that 96% g/t gold was recovered from the oxide samples, while 89% g/t gold was recovered from fresh samples.&..
  • 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..
  • 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..
  • Sylvania Platinum achieves a 7% increase in production levels

    2015-07-30
    Sylvania Platinum Limited released is full year production results for the fourth quarter ended 30 June 2015. 

    Sylvania Dump Operations platinum group metal ounce production increased by 5% to 13 468 ounces, from 12 778 ounces recorded during Q3 FY15. 

    The Com..
  • 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..
  • Wescoal Holdings Elandspruit mine delivers first coal production

    2015-07-30
    Wescoal Holdings Limited has released an update regarding operations at its Elandspruit mine located in Mpumalanga, South Africa. 

    The Company delivered first coal from its Elandspruit mine as planned. The coal was successfully processed at the beneficiation plant and the beneficiated product was in line with the Companys ..
  • Aquarius Platinum reports a 6% increase in production from operating mines

    2015-07-29
    Aquarius Platinum Limited released its production results for the quarter ended 30 June 2015. 

    Attributable production from operating mines continued to increase by 5% quarter-on-quarter, a 6% increase compared to the previous corresponding period. Production at Kroondal and Mimosa remained at record levels for Q4 FY15.&..
  • Lonmin announces Q3 FY15 Production Report and Business Update

    2015-07-29
    Lonmin Plc announces a business update as well as its production results for the three months ended 30 June 2015 

    The Company reported that the rolling 12 month average Lost Time Injury Frequency for the 12 months to 30 June 2015 increased to 5.26 incidents per million man hours compared to 2.76 at 30 June 2014, due to the ..
  • 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. 

  • 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..
  • Rift Valley Resources confirms potential major gold deposit

    2015-07-28
    Rift Valley Resources Limited has released further drilling results for its 100% owned Miyabi gold project located in Tanzania. 

    Drilling has been completed and the Company has received all assay results, which confirmed the presence of a thick high grade shoot at the Dalafuma prospect. Results included 18 metres at 6.90 g/..
  • 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..
  • Metals of Africa confirms excellent graphene results

    2015-07-28
    Metals of Africa Limited released results from its graphene test work at the Montepuez Central graphite project located in Mozambique. 

    The Company successfully produced graphene oxide and graphene at its 100% owned Montepuez Central graphite project. The three processes were tested and the thermal method, demonstrated prod..
  • 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..
  • Tanga Resources releases drilling results from Mabale Hills

    2015-07-28
    Tanga Resources Limited has released an exploration update for the Geita project in Mabale Hills located in Tanzania.

    Infill sampling identified coherent gold-in soil geochemical anomalies at the Manyiro prospect. Ground magnetic surveying carried out at the Manyiro prospect demonstrated intense magnetic anomalies occurring along a ..
  • 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 ..
  • 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..
  • Sibanye Gold expects a decrease in earnings

    2015-07-27
    Sibanye Gold Limited released its trading statement for the six months ended 30 June 2015. 

    The Company expects profit attributable to shareholders to be between R135 million and R230 million, a decrease when compared with profit attributable to shareholders of R533 million recorded during the six months ended 30 June 2014...
  • Anglo American releases financial update

    2015-07-24
    Anglo American Plc has released its half year financial report for the six months ended 30 June 2015. 

    Anglo American showed improved operational performance and accelerated cost and capex reductions. 

    The Company achieved underlying EBIT of $1.9 billion, repre..
  • 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..
  • Black Rock Mining doubles mineralisation footprint at Mahenge project

    2015-07-21
    Black Rock Mining Limited released an update of its exploration activities at the Mahenge project located in Tanzania.  

    Results from the cascade surface samples returned up to 20.4% Total Graphic Carbon and averaged 10% Total Graphic Carbon for outcrop and basement samples. Over 1 500 metres were drilled at Epanko north in..
  • Aureus Mining updates on New Liberty gold mine

    2015-07-21
    Aureus Mining Incorporated has released an update on its New Liberty gold mine located in Liberia.

    Following a successful period of commissioning, the New Liberty process plant has reached the nameplate capacity. 

    The process plant recently underwent a 24 hour performan..
  • 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..
  • Kibo Mining updates on Joint Development Agreement with SEPCO III

    2015-07-21
    Kibo Mining Plc has announced that all conditions precedent in the Joint Development Agreement with Shandong Electric Power Construction Corporation (SEPCO III) have been fulfilled and the Agreement is now unconditional. 

    SEPCO III has fulfilled its funding commitments as stated under the terms of the Agreement. &l..
  • 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..
  • 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..
  • 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. 

  • Kibaran Resources receives mining license in Tanzania

    2015-07-20
    Kibaran Resources Limited has been granted a mining license by the Ministry of Energy and Minerals of Tanzania for its Epanko graphite project. 

    The mining license was the remaining major milestone for the Company in terms of approval from the government. 

    The ..
  • Anglo American reports a 9% decrease in iron ore production

    2015-07-17
    Anglo American Plc has announced its production report for the second quarter ended 30 June 2015. 

    Kumba Iron ore Limited, a subsidiary of Anglo American reported a decrease in production of 9% to 10.4 million tonnes due to mining feedstock restraints applied at the Sishen mine in South Africa.
  • 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..
  • Edenville Energy commences with Power Plant Feasibility process

    2015-07-15
    Edenville Energy Plc has released an update regarding its Rukwa coal to power project in Sumbawanga, located in Tanzania. 

    The Company is currently in the formal review process for the Rukwa Power Plant Feasibility Study with the Ministry of Energy and Minerals in Tanzania and Tanesco, the countrys power generator.&nbs..
  • Rockwell Diamonds reports a loss for the quarter

    2015-07-15
    Rockwell Diamonds Incorporated releases results for Q1 FY16 and highlights plans for the future.

    During the quarter, Rockwell Diamonds acquired and assumed operating control of the Remhoogte/Holsloot project in Middle Orange River, South Africa.

    Financing is planned to raise bot..
  • 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..
  • IMX Resources updates on Ntaka Hill project

    2015-07-14
    IMX Resources Limited and its joint venture partner Loricatus Resource Investments have released a summary of the technical worked completed in the Ntaka Hill nickel project located in Tanzania. 

    Results from the work indicated that the project has potential to be developed as a high-grade open pit and underground operation..
  • 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..
  • 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..
  • 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..
  • Hummingbird Resources signs a Mineral Development Agreement

    2015-07-13
    Hummingbird Resources Plc, through its wholly owned subsidiary Hummingbird Resources (Liberia) Inc, has signed a 25 year Mineral Development Agreement with the Government of Liberia for the 2 000 kilometre Dugbe Shear Zone which contains its 4.2 million ounce Dugbe gold project in Liberia.

    The Agreement will be sent for ratificatio..
  • 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..
  • Kibo Mining releases data interpretation results

    2015-07-13
    Kibo Mining Plc has released its independent airborne geophysical data interpretation results for the Haneti nickel project located in Tanzania. 

    The report confirmed the position, strike extent and internal structure of two new mafic-ultramafic zones expanding significantly the previous known footprint of the Haneti-Itis..
  • 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. 

    ..
  • Tawana Resources discovers new DSO hematite mineralisation

    2015-07-09
    Tawana Resources NL has discovered new high-grade Direct Shipping Ore (DSO) hematite mineralisation averaging 62.8% iron and 66% iron in Monrovia, Liberia.

    In addition, the Company discovered a strike greater than 2.2 kilometres of friable itabirite mineralisation in the Goehn prospect as part of its ongoing low-cost exploration str..
  • Wescoal Mining appoints a new mining contractor

    2015-07-09
    Wescoal Mining (Pty) Limited, a subsidiary of Wescoal Holdings Limited, has announced the appointment of Diesel Power Open Cast Mining (Pty) Limited as the mining contractor for the Elandspruit mine in Mpumalanga, South Africa. 

    The Company has commenced with mining activities at the Elandspruit mine and will start producin..
  • Firestone Energy requests extension of voluntary suspension

    2015-07-09
    Firestone Energy Limited has requested an extension to its voluntary trading suspension of its securities which is due to expire on 10 July 2015.

    The extension will allow time to finalise third party funding to replace its existing funding arrangement with Standard Bank of South Africa. 

    <..
  • Tharisa reports an increase in PGM production

    2015-07-08
    Tharisa Plc has released its production report for the three months ended 30 June 2015.  

    The Company reported that the volume of 6E (ruthenium, rhodium, palladium, osmium, iridium, and platinum) platinum group metals produced increased from 17.4 thousand ounces for Q3 FY14 to 33.5 thousand ounces for Q3 FY15. <..
  • Globe Metals and Mining secures mining lease

    2015-07-07
    Globe Metals and Mining Limited has received approval for its mining lease application from the Ministry of Natural Resources, Energy and Mining of Malawi for the Kanyika niobium project. 

    The mining lease is subject to the conclusion of a Development Agreement, which will, once finalised, specify the conditions of operatio..
  • 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 ..
  • 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. 

  • Gryphon Minerals updates on Banfora gold project

    2015-07-07
    Gryphon Minerals Limited released the results of the Optimisation Study for the development of a 2 million tonne per annum heap leach start up operation at its flagship Banfora gold project in Burkina Faso. 

    Results from the study demonstrated excellent project economics from optimisation of the start-up 2 million tonnes pe..
  • 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..
  • Caledonia Mining reports a 4.7% increase in gold production

    2015-07-06
    The Blanket Mine in Zimbabwe, a 49% owned subsidiary of Caledonia Mining Corporation, has released its production update for the quarter ended 30 June 2015.

    Gold production for the Blanket Mine remains on track to achieve its target production of 42 000 ounces for 2015. 

  • 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. 
    <..
  • 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..
  • Cardinal Resources releases drilling update from Namdini

    2015-07-03
    Cardinal Resources Limited has released its drilling results from the Namdini Mining License in Ghana. 

    The Company successfully completed its first drill hole located 400 metres north along strike at the Namdini mining license.

    Results from the drilling yielded 99 metr..
  • Coal of Africa updates on Mooiplaats asset sale

    2015-07-02
    Coal of Africa Limited has advised that the sale and purchase agreement entered into with Blackspear Capital for the disposal of the Mooiplaats Colliery for R250 million will not be extended further and therefore will lapse.

    Coal of Africa is continuing discussions with various parties regarding the sale of the Mooiplaats asset, inc..
  • Vast Resources updates on Pickstone-Peerless gold mine

    2015-07-02
    Vast Resources Plc has released a progress update for the Pickstone-Peerless gold mine located in Zimbabwe. 

    The first two blasts, one being at Pickstone open cast and one at the Peerless open cast pit, have been completed. 

    The Company is currently building th..
  • African Rainbow Minerals and Assore conclude Dwarsrivier mine acquisition

    2015-07-01
    African Rainbow Minerals Limited and Assore Limited have reached a definitive agreement for Assore to acquire 50% interest in the Dwarsrivier chrome mine in South Africa. 

    The Dwarsrivier chrome mine is currently owned and operated by Assmang (Pty) Limited, an equal joint venture between African Rainbow Minerals and Assore...
  • 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..
  • Sula Iron and Gold releases interim results

    2015-07-01
    Sula Iron and Gold Plc released its unaudited consolidated interim results for the six months ended 31 March 2015.

    During the period under review, the Company undertook an exploration programme that yielded high concentration levels of coltan along streams originating from deeper within its license area. During the gold exploration ..
  • Jubilee Platinum completes tranche 2 to acquire the DCM project

    2015-07-01
    Jubilee Platinum Plc has completed tranche 2 of the acquisition to acquire 100% interest in Pollux Investment Holdings (Pty) Ltd which holds the exclusive rights to the DCM platinum recovery project in Limpopo, South Africa. 

    The DCM platinum recovery project is the benefication of the platinum group metals from the chrome ..
  • Delrand Resources delists on TSX

    2015-07-01
    Delrand Resources Limited has voluntarily delisted its common shares from the Toronto Stock Exchange after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits for the Company and its shareholders. 

    Ongoing costs and expenses, both direct and indirect associated with listing on the..
  • 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 ..
  • Rift Valley confirm high grade mineralisation in Tanzania

    2015-06-30
    Rift Valley Resources Limited has received assay results from the Dalafuma and Dalafuma North West prospect area at the Miyabi gold project in Tanzania.

    The drill results included 23 meters at 4 .22 gram per tonne from 45 meters, 27 meters at 3.64 grams per tonne from 78 meters including 3 meters at 21.7 grams per tonne from 93 mete..
  • 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.
  • Universal Coal expects an increase in EBITDA

    2015-06-30
    Universal Coal Plc has released a trading statement for the quarter ending 30 June 2015 and reported that group EBITDA is expected to be 50% higher than the previous corresponding quarter.

    The expected increase in EBITDA is attributable to the Company achieving optimal run of mine production post the completion of the ramp up period..
  • 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..
  • Black Rock Mining updates on Mahenge project activities

    2015-06-29
    Black Rock Mining Limited has released an update on exploration activities currently underway at its Mahenge project located in Tanzania.

    The Company reported highly encouraging early stage results. 

    Black Rock Mining drilled spectacular coarse flake graphite at Epanko ..
  • 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..
  • IMX Resources receives cash payment

    2015-06-29
    IMX Resources Limited has received a cash payment of $1.7 million from Loricatus Resource Investments, a subsidiary of Fig Tree Resources Fund II.

    The cash payment is the remainder of the first tranche of $2.0 million which is payable by Fig Tree Resources Fund under the joint venture agreement for the Ntaka Hill Nickel project loca..
  • 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..
  • Sephaku reports significant improvement in financial results for FY15

    2015-06-26
    Sephaku Holdings has released its audited financial results for the year ending 31 March 2015.

    The Companys subsidiary Metier recorded a 36% increase in revenue from R571.5 million as reported for FY14 to R775.4 million for FY15 and a 39% increase in EBITDA from R100.0 million to R139.1 million. Metiers Operating profit increased ..
  • 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..
  • 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..
  • 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.
  • 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.&..
  • Keaton Energy Holdings reports a 5% increase in revenue

    2015-06-24
    Keaton Energy Holdings Limited has released its reviewed provisional condensed consolidated results for the year ended 31 March 2015. 

    Cash generated from operations increased by 29%, from R416.9 million achieved during FY14 to R536.9 million in FY15. 

    Revenue ..
  • AME East Africa enters into joint venture agreement with Rio Tinto

    2015-06-23
    AME East Africa Limited, a subsidiary of Savannah Resources Plc, has conditionally agreed to an unincorporated joint venture with Rio Tinto International Holdings Limited. 

    Under the joint venture agreement, AME East Africas Mutumba, Dongane, Chilubane and Jangamo prospects will be combined with Rio Tinto Internationals a..
  • Metals of Africa discovers high grade graphite at Montepuez

    2015-06-23
    Metals of Africa Limited has released results from its ongoing resource definition drilling programme at the Montepuez central graphite project in Mozambique. 

    The drilling programme indicated high grade graphite mineralisation intersection and confirmed three mineralised prospects within the project-Buffalo, Elephant and L..
  • Wescoal reports excellent results for FY15

    2015-06-23
    Wescoal Holdings Limited has released its group annual results for the year ended 31 March 2015.

    Wescoals revenue increased by 46.0% to R1.67 billion. The Group reported a positive increase in margin percentage across both Miming and Trading.  Cash generation increased by 101% and operational EBITDA grew 5.7% to R107 milli..
  • 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..
  • Mozambi Resources receives mineral rights

    2015-06-23
    The Tanzanian Ministry of Energy and Minerals has granted Mozambi Resources a mineral right on three key tenements that make up the Nachingwea Graphite project. 

    Wide zones of graphitic schist continues to be identified through recognisance mapping on the Nachingwea project. The priority target has an outcropping width of 1..
  • Castle Minerals and Dundee Precious Metals enter into an agreement

    2015-06-23
    Castle Minerals Limited  and Dundee Precious Metals Incorporated have entered into a Heads of Agreement regarding two of Castle Minerals concessions in north west Ghana.

    Under the agreement, Dundee Precious Metals is able to earn up to an 80% stake in the two Wa South concessions. Dundee Precious Metals has agreed to provi..
  • Regency Mines updates on agromineral exploration programme

    2015-06-22
    Regency Mines Plc released an operational update on its agromineral exploration programme in Sudan. 

    During the exploration programme a total of 72 dry stream, 18 soil orientation and 10 rock chip samples were collected from the concession area. 

    The collected ..
  • 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 ..
  • Predictive Discovery receives AUD260 000 payment from Toro Gold

    2015-06-22
    Predictive Discovery Limited has received AUD260 000 from Toro Gold Limited, its joint venture partner in Cote DIvoire. 

    The payment was made following the resolution of several conditions precedent in a detailed Shareholder Subscription Agreement executed by Predictive Discovery and Toro Gold in H1 2015.
  • 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..
  • 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 ..
  • Erin Energy commences with production from the Oyo-7 well

    2015-06-18
    Erin Energy Corporation has commenced with production from the Oyo-7 well located in OML 120 offshore Nigeria. 

    The well was drilled to a total depth of approximately 2 438 metres and was completed in the Pliocene formation. The Company expects that the Oyo-7 well will produce 7 000 barrels of oil per day, following optimis..
  • 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..
  • 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..
  • Goldplat aims to clear backlog by December 2015

    2015-06-17
    Goldplat Plc has released an update relating to its gold recovery businesses and the significant progress each has made to counter the effects of Rand Refinery being unable to process certain by product material.

    Rand Refinery in South Africa, the Companys third party refining partner, has been unable to process certain by products..
  • 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..
  • Wescoal Holdings enters into a new agreement to acquire mining right

    2015-06-15
    Wescoal Holdings Limited has entered into a new acquisition agreement with Mintirho Mining (Pty) Ltd after the first agreement entered into on 07 August 2014 lapsed.

    The acquisition of the mining right will enable Wescoal Holdings to extend the life of Intibane mine until the end of 2017.

    ..
  • 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..
  • Auroch Minerals PEA delivers excellent results

    2015-06-15
    Auroch Minerals NL has announced positive results from a Preliminary Economic Assessment conducted on its Fair Bride gold project in Mozambique. 

    The study has confirmed technical and economic viability, with a total gold production of 331 000 ounces over 7 years from an open pit and shallow underground mining, including a ..
  • Avocet Mining releases positive drilling results at Souma

    2015-06-15
    Avocet Mining Plc released positive results from its drilling campaign at Souma in Burkina Faso. 

    These are the first results to be released since the Company commenced with its  drilling and metallurgical test work programme in April 2015. 

    The progra..
  • Mustang Resources releases an exploration update on its diamond project

    2015-06-15
    Mustang Resources Limited has released an exploration update on its Save River diamonds project located in Mozambique.

    The Companys appointed diamond geologist will evaluate and analyse results for its recent trial mining programme.

    Mustang Resources is continuing with the surf..
  • Anglo American Platinum expects an increase in earnings

    2015-06-15
    Anglo American Platinum Limited has released its trading statement for the six months ended 30 June 2015.

    The Group expects Headline Earnings and Headline Earnings per Share to be between R31 million or  12 cents per share, which is higher than the Headline Earnings and Headline Earnings per Share reported during six months..
  • Rift Valley Resources releases exploration update for Ozango

    2015-06-12
    Rift Valley Resources Limited has released an exploration update for its Ozango project in Angola.
     
    The Company reported that trenching and bulk sampling of Longonjo rare earths prospect has been completed and rare earth metallurgical test work is currently in progress.
     
    The conce..
  • Tlou Energy updates on Selemo pilot

    2015-06-12
    Tlou Energy Limited has commenced with drilling operations at its Selemo pilot area in Botswana. 

    The Companys objective for the expanded drilling programme at Selemo is to extend gas flow rates for a longer term. 

    Tlou Energys underwritten non-ren..
  • 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..
  • African Potash in negotiations with the Common Market for Eastern and Southern Africa

    2015-06-11
    African Potash Limited has entered into discussions with the ACTESA agency of the Common Market for Eastern and Southern Africa with a view to creating a vertical platform for the mining, production and distribution of fertiliser, focussed on the Eastern and Southern Africa region and beyond.

    The Company was identified as a potentia..
  • Mozambi Resources identifies wide zones graphite schist

    2015-06-11
    Mozambi Resources Limited has announced positive early results of geological mapping conducted at its Nachingwea graphite project in Tanzania.

    The Company reported that recognisance mapping at the Nachingwea graphite project identified wide zones of graphitic carbon on the first two tenements explored to date.
    ..
  • 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..
  • Pan African Resources updates on Shanduka shareholding

    2015-06-10
    Pan African Resources Plc has released an update regarding the transaction agreements between Shanduka Group (Pty) Ltd, which holds 23.86% of the issued share capital of the Company, and the Pembani Group (Pty) Ltd.

    Requisite regulatory fillings have been submitted to merge the two entities and the merger is subject to regulatory an..
  • 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..
  • Kibo Mining commences work at Morogoro gold project

    2015-06-10
    Kibo Mining Plc has commenced its joint venture programme with Metal Tiger Plc at the Morogoro gold project in Tanzania.

    The Company reported that initial exploration work will investigate gold mineralisation anomalies that were previously identified, the work will include assay testing of existing samples for gold and multi-element..
  • 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..
  • Cardinal Resources commences with Phase 1 and Phase 2 drilling at Namdini

    2015-06-09
    Cardinal Resources Limited has commenced with the Phase 1 and Phase 2 drill programmes within the Namdini mining license area in Ghana.

    The drill programme will test approximately three times the additional strike length than what the Company drilled previously. The Company has planned 32 Reverse Circulation holes at 50 by 50 spacin..
  • Burey Gold releases further drilling results from the Giro gold project

    2015-06-09
    Burey Gold Limited released its drilling results for additional 16 holes drilled at the Giro gold project in the Kilo-Moto Belt located in the Democratic Republic of Congo. 

    Significant results from the drilling included: 47 metres at 4.13 g/t gold from 25 metres including 29 metres at 5.93 g/t gold from 25 metres from hole..
  • 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..
  • Firestone Energy requests extension on voluntary suspension

    2015-06-09
    Firestone Energy Limited has applied for an extension to its voluntary suspension of its securities which is due to expire on Wednesday 10 June 2015.

    The extension is to allow time for The Waterberg Coal Company Limited, its parent company, to finalise a proposed third party funding arrangement to replace its existing funding arrang..
  • 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. 
  • South32 delays restart of three furnaces at Metalloys

    2015-06-09
    Samancor Manganese joint venture Manager, South32 Limited, has delayed the restart of three of the four high-carbon ferromanganese furnaces at the Metalloys manganese alloy operation in South Africa.

    The Companys decision to delay the restart follows a decline in high-carbon ferromanganese alloy prices by 20% since the beginning of..
  • Excalibur Mining Corporation to acquire Manganese deposit in Zambia

    2015-06-08
    Excalibur Mining Corporation Limited has entered into an agreement with Maybach Mining Services and Pinto Minerals Limited to conduct a due diligence on a Manganese deposit in early stage production in Zambia.

    The Company and Pinto Minerals have agreed to buy and Maybach Mining Services shareholders have agreed to sell 75% of their..
  • 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 ..
  • DiamondCorp places shares

    2015-06-08
    DiamondCorp Plc has placed 31 837 000 new ordinary shares of 0.1 pence each in the Company at 10 pence each to raise gross proceeds of approximately 3.18 million.
     
    The oversubscribed placement was undertaken with a range of new and existing institutional and private investors in both the UK and South Africa. 
    <..
  • Sierra Rutile enters into an agreement with Carmanor

    2015-06-04
    Sierra Rutile Limited has entered into an agreement with Carmanor Limited to grow its agriculture subsidiary, African Lion.

    The Company reported that Carmanor will  earn-in to African Lion in return for fully-funding the expansion of African Lion's palm oil, rubber and cacao plantations over 2 500 hectares and the cons..
  • 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..
  • New Liberty gold completes first gold pour in Liberia

    2015-06-03
    Aureus Mining Incorporateds 100% owned, New Liberty gold project, has successfully completed its first gold pour in the Republic of Liberia according to the project schedule.

    The Company reported that the hot and cold plant commissioning phases of the project continue to progress as scheduled. 
  • Oakbay Resources and Energy reports improved financial performance

    2015-06-03
    Oakbay Resources and Energy Limited has released its condensed consolidated financial results for the year ended 28 February 2015.

    The Company reported that the existing open cast gold mining operations returned significant turnaround in profitability as a result of a concerted effort to boost efficiencies, improve productivity and ..
  • Sierra Rutiles study confirms viability of dry mining Sembehun

    2015-06-03
    Sierra Rutile Limited has announced the results of its study into dry mining the Sembehun deposit located in Sierra Leone.

    The results of the study confirms the viability of dry mining Sembehun. The study confirms also, that the Sembehun Dry Mine fits well into Sierra Rutile's previously announced long-term production plan and ..
  • Harmony Gold Mining Company updates on Doornkop mine restructuring

    2015-06-03
    Harmony Gold Mining Company Limited has released an update on its Doornkop mine restructuring in South Africa. 

    The Companys management is continuing with its consultation process with organised labour and other relevant stakeholders to explore a possible restructuring of the mine.

  • 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..
  • KEFI Minerals releases Definitive Feasibility Study update

    2015-06-03
    KEFI Minerals has released an update on its Definitive Feasibility Study for its Tulu Kapi gold project in Ethiopia.
     
    The Company anticipates capital expenditure requirement of $120 million ounces, based on contract-mining and new process plant. This excludes historical equity-funded costs of over $50 million.
    &..
  • Acacia Mining commences with first stoping ore

    2015-06-03
    Acacia Mining Plc has commenced with stoping operations ahead of schedule at the Gokoma underground at North Mara in Tanzania. 

    The Company delivered the first ore to the process plant, which has demonstrated the expected geotechnical characteristics and delivered both grade and ore tonnes in line with the mine plan.&nb..
  • 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.
  • 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 ..
  • 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..
  • Stellar Diamonds raises $505 000 in diamond auction sales

    2015-06-02
    Stellar Diamonds Plc has released its latest diamond sale results from the auction of diamonds conducted at its Baoul kimberlite pipe in Guinea. 

    The Company raised approximately $505 000 before costs from the diamond auction and sold 6 lots totalling 48.12 carats of 5 carat stones, sold for $510.17 per carat. To date, the..
  • Lucapa Diamond Company finance deal to increase cash flow

    2015-06-02
    Lucapa Diamond Company Limited has agreed on key terms of a financing deal that is aimed at doubling its alluvial diamond mining operations and growing cash flow significantly.

    The AUD4.5 million deal will see the Company source new Caterpillar earth moving fleet that will enable diamond mining at the Lulo Diamond Concession in Ango..
  • Kibo Minings projects exceeding expectations

    2015-06-02
    Kibo Mining Plc has signed various Joint Venture Agreements which will unlock further potential in Tanzania.

    The first phase results of the Definitive Feasibility Study for the Mbeya Coal to Power and the Imweru projects have exceeded managements expectations across all aspects.

  • Rockwell Diamonds reports an increase in revenue

    2015-06-02
    Rockwell Diamonds Incorporated has announced its operating performance, for its projects in South Africa, for the three and twelve months ended 28 February 2015. 

    The Company reported lower grades at the Saxendrift project and lower volumes at Niewejaarskraal during wind-down for Q4 2015.

    <..
  • Botswana Metals commences with extensive drilling at Maibele

    2015-06-01
    Botswana Metals Limited has commenced with its second extensive drilling programme at the Maibele north nickel joint venture prospect between the Company and BCL Limited. 

    The aim of the new drilling programme is to upgrade the current resource from inferred to indicated with infill drilling. The Company will complete addit..
  • Sipa Resources completes detailed gravity survey

    2015-05-29
    Sipa Resources Limited has completed the detailed gravity survey to map the structure and extent of the ultramafic intrusion at Akelikongo prospect in Uganda and surrounding areas. 

    Gravity survey results show evidence of ultramafic intrusive complex connected with the common nickel copper sulphide mineralisation.
  • 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.
    ..
  • Kibo Minings Definitive Mining Feasibility Study on schedule and within budget

    2015-05-27
    Kibo Mining Plc has released a progress update for the Phase 2, Stage 1 Definitive Mining Feasibility Study at the Rukwa coal to power project in Tanzania.

    The Definitive Mining Feasibility Study remains on schedule and within the set budget. The trade-off studies have identified potential for significant operating expenditure reduc..
  • Premier African Minerals releases update on RHA tungsten project

    2015-05-27
    Premier African Minerals Limited has released a progress update on its RHA tungsten project located in Zimbabwe. 

    The Company reported that the process plant was delivered to the RHA project site on schedule and that the offloading of the plant has been completed. 

  • 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..
  • 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.
  • Oakbay Resources & Energy expects an increase in earnings

    2015-05-27
    Oakbay Resources & Energy Limited has released its trading statement for the year ended 28 February 2015.

    The Company expects a loss attributable to equity holders of the parent and Headline Loss attributable to ordinary shareholders for the year ended 28 February 2015 of between R35 million and R40 million, an improvement o..
  • Jubilee Platinums surface projects are progressing rapidly

    2015-05-27
    Jubilee Platinum Plc has secured additional interim funding to ensure that current business development activities and the platinum surface processing projects continue to operate at optimum levels. 

    The platinum surface projects continue to progress with the design phase having been executed and the principal engineering c..
  • Aura Energy submits application to extend exploration permit in Mauritania

    2015-05-27
    Aura Energy Limited has made an application for a mineral exploration permit over an area of 224 kilometre2 which joins to the south of its Hippolyte uranium resource in Mauritania.

    The Company reported that the area has recently become available and they are confident that the permit will be granted.
  • 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...
  • Lemur Resources receives takeover bid from Bushveld Minerals

    2015-05-26
    Lemur Resources Limited has announced that Bushveld Minerals Limited intends to make an off-market takeover bid for all of the ordinary shares in Lemur Resources that it does not currently own. 

    The Company reported that Bushveld Resources will offer AUD0.06 per share which place Lemur Resources value at AUD10.875 million...
  • 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..
  • Cardinal Resources raises over $1.1 million for new drilling campaign

    2015-05-26
    Cardinal Resources Limited has placed 15 384 616 fully paid ordinary shares at 6.5 cents each with a free listed option attached.

    The option is exercisable at AUD0.15 on or before 30 September 2019 for every share subscribed for, to raise AUD1 000 000.

    In addition, the Companys..
  • 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..
  • Argonaut Resources recommences drilling at Lumwana West

    2015-05-26
    Argonaut Resources NL has recommenced with a 2000 metre diamond core drilling programme over four prioritised targets at its Lumwana West copper project in Zambia.

    Approximately 600 soil samples will be collected north of Kamafamba prospect in an area with encouraging structural geology.

    &..
  • Buffalo Coal continues with restructuring at its Dundee operations

    2015-05-25
    Following Buffalo Coal Corporations retrenchment process resulting from ongoing financial difficulties, the Company announced that it is currently considering restructuring alternatives at its Dundee operations in South Africa.  

    The Company reported that previous underperformance by Magdalena underground, which depleted i..
  • 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..
  • Avocet Mining releases Q1 2015 results

    2015-05-22
     Avocet Mining Plc has released its Q1 2015 production and cash costs update.

    The Company reported total gold production of 17 011 ounces for the quarter at a cash cost of $1 113 per ounce, in comparison to total gold production of 19 503 ounces at a cash cost of $1 052 per ounce produced in the Q4 2014.
  • Caledonia Mining updates on resource base

    2015-05-20
    Caledonia Mining Corporation has announced an increase and an upgrade of its resource base at its Blanket Mine in Zimbabwe.

    The Company reported that it has been possible to upgrade 491 000 tonnes from the Inferred to Indicated Resource categories to add 47 000 tonnes of new inventory to Indicated Resource based on the drilling that..
  • 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.

  • Tawana Resources and WISCO CAD enter into a MoU

    2015-05-20
    Tawana Resources NL has entered into a non-binding Memorandum of Understanding with WISCO CAD Mining Company Limited, relating to the access and use of the WISCO CADs port facilities in Liberia.

    Both parties are entering negotiations with the aim of finalising a definitive cooperation agreement for the use of the current existing w..
  • South32 commences with trading on ASX, JSE and LSE Securities Exchange

    2015-05-20
    South32 Limited had been admitted to the official list of the Australian Securities Exchange and ordinary shares have commenced trading on a deferred settlement basis on 18 May 2015. 

    The Companys ordinary shares are expected to commence trading on a normal settlement basis on 2 June 2015. South32 will also have a secondar..
  • South African Coal Mining Holdings announces new appointments

    2015-05-20
    South African Coal Mining Holdings Limited has announced the appointments of Christopher Dhlamini and Joseph Mokgokong as Independent Non-Executive Directors to the Board of Directors with immediate effect. 

    Dhlamini is a qualified Chartered Accountant with over 30 years of experience in auditing public entities in African ..
  • 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..
  • 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..
  • Walkabout Resources confirms high grade graphite at Lindi Jumbo project

    2015-05-19
    Walkabout Resources has confirmed high grade assay results of up to 44% of Total Graphitic Carbon at its Lindi Jumbo Graphite project located in Tanzania.

    The 26 grab and dig samples across the substantial outcrop areas and pits on three of the four licences covered a strike distance of some 25 kilometres.
    <..
  • Mozambi Resources set to acquire two prospective graphite licenses

    2015-05-19
    Mozambi Resources Limited has extended the exclusivity period of the Term Sheet relating to the negotiations surrounding the sale and transfer of two prospective graphite licenses in Mozambique.

    The Company has signed a variation of the Term Sheet whereby the exclusivity period is extended by nine months following the execution of t..
  • 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..
  • South Boulder Mines releases maiden results for the Colluli project

    2015-05-19
    South Boulder Mines Limited has released its maiden JORC Ore Reserve estimate for the Colluli potash project in Eritrea, East Africa.

    Results from the maiden JORC potassium salt Ore Reserve yielded an estimate of 1.1 billion tonnes at 10% Potassium equivalent, comprising of 287 million tonne Proved Ore Reserve and 820 million tonne ..
  • 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..
  • 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..
  • Kibaran Resources testwork determines superior graphite quality

    2015-05-19
    Kibaran Resources Limited has announced the results of its recent testwork designed to determine the suitability of its Epanko graphite project, in Tanzania, for the production of Expandable Graphite Salt.

    The testwork is being conducted alongside the process design testwork for the Bankable Feasibility Study to support graphite sal..
  • Liontown Resources defines new drill target at Jubilee Reef

    2015-05-15
    Liontown Resources Limited has defined a new, high order gold target at the Simba prospect following a review of exploration data for the Jubilee Reef project located in Tanzania.

    The review defined a 1 kilometre South West and North East trending Target in Zone A, which remains open along strike and an extensive high order soil ano..
  • Minemakers receives mine permit

    2015-05-15
    Minemakers Limited has announced that the Gadde Bissik prospect, a wholly owned subsidiary of Baobab Mining and Chemical Corporation SA, has been granted a Small Mine Permit in the Republic of Senegal. 

    The permit was granted for the Baobab phosphate project and gives the Company unlimited mining and processing within the 5..
  • Atlatsa Resources reports a decrease of 4.4% in tonnes milled

    2015-05-15
    Atlatsa Resources Corporation has released its results for the fourth quarter and year ended 31 December 2015.

    The Company reported that total tonnes milled decreased by 4.4% quarter-on-quarter to 372 896.

    4E (platinum, palladium, rhodium and gold) platinum group metals of ounce..
  • Sibanye Gold appoints a new Director

    2015-05-14
    Sibanye Gold Limited has announced the appointment of Jiyu Yuan as a Non-Independent Non-Executive Director of the Companys Board with effect from 12 May 2015.

    The appointment of Yuan is in accordance with a written agreement entered into between Sibanye Gold and Gold One International Limited for the acquisition by Sibanye Gold of..
  • 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.<..
  • Randgold Resources profit boost from mining increases cash

    2015-05-13
    Randgold Resources Limited has released its production report for the three month period ended 31 March 2015.

    The Company reported a 5% increase in profit to $143.9 million, despite reduced gold production of 279 531 ounces resulting from planned lower grades. Profit of $51.3 million for Q1 2015 was impacted by increased exploration..
  • 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 ..
  • Arcelormittal South Africa reports 8.7% increase in production

    2015-05-13
    Arcelormittal South Africa Limited has released its unaudited operational update for the quarter ended 31 March 2015.

    The Companys liquid steel production increased  by 8.7% to 108 000 tonnes, this was as a result of capacity utilisation rates increasing from 77% to 84% due to enhanced stability.
    <..
  • 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 $..
  • 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..
  • 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 ..
  • Cardinal Resources expands exploration area at its Namdini project

    2015-05-12
    Cardinal Resources Limited released its Phase 1 and Phase 2 drilling programme for the expanded areas north of the Namdini mining license in Ghana. 

    The Company reported that the new drilling programme will test three times more strike length than the previous drilling programme, with 32 Reverse Holes planned at 50 by 50 sp..
  • 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. ..
  • Premier African Minerals releases update on the Danakil project

    2015-05-12
    Premier African Minerals Limited has released a progress update on its subsidiary, Circum Minerals Limited, which holds a 100% stake in the Danakil potash project in Ethiopia.

    The current Mineral Resource Estimate for the Danakil project consists of 2.6 billion tonnes of Measured and Indicated Resources grading 19.2% potassium chlor..
  • 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..
  • 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.
    &..
  • 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 ..
  • 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..
  • 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 ..
  • Minemakers delivers maiden Inferred Resource for Baobab Rock project

    2015-05-12
    Minemakers Limited has delivered its maiden Inferred Mineral Resource for the Gadde Bissik prospect, located in the Baobab Rock phosphate project in the Republic of Senegal.

    The Maiden Inferred Mineral Resource amounts to 68 million tonnes at 22% phosphorus pentoxide at an 18% phorphorus pentoxide cut-off. The 5 kilometer small min..
  • 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..
  • IMX Resources diamond drilling programme commences

    2015-05-11
    IMX Resources diamond drilling programme has commenced at its Chilalo graphite project in Tanzania.

    The drilling programme will contain 13 diamond holes with a targeted 1 400 metres of drilling to be completed. The programme aims to upgrade approximately half of the current high-grade Inferred Resource at Chilalo to the Measured and..
  • Harmony Gold Mining Companys production profit increases

    2015-05-08
    Harmony Gold Mining Company Limited has released its operational and financial results for the third quarter and nine months ended 31 March 2015.

    The Company reported a 10% decrease to 7 652 kilograms in gold production, attributable to slow start-ups after the December 2014 holidays and safety stoppages.
  • Tawana Resources discovers new high-grade mineralisation

    2015-05-07
    Tawana Resources NL has announced the discovery of new high-grade mineralisation at its Mofe Creek license in Liberia.

    The Company reported that the Zaway South prospect includes grades of up to 61.6% of iron, a Direct Shipping Ore mineralisation, as well as coarse-grained, friable itabirite mineralisation over a strike larger than ..
  • Paragon Diamonds set to acquire a 75% stake in Mothae project

    2015-05-06
    Paragon Diamonds Limited has signed a Memorandum of Understanding with Lucara Diamond Corporation that will see the company acquire a 75% stake in the Mothae kimberlite resource located in Lesotho.

    Paragon Diamonds expects to create significant value for its shareholders through the acquisition of the low cost project which will foc..
  • Premier African Minerals reports progress on RHA project

    2015-05-06
    Premier African Minerals Limited has been advised by Appropriate Process Technologies (Pty) Limited that the process plant for the RHA tungsten project in Zimbabwe has been completed and is ready for shipment.

    Furthermore, Darwin Strategic Limited confirmed that all the necessary conditions for the second tranche of funding totallin..
  • 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..
  • Coal of Africa announces its 3rd stage capital raising

    2015-05-05
    Coal of Africa Limited has advised shareholders that it will commence with the 3rd stage of its capital raising no later than 29 May 2015.

    The capital raising is for a total of 695 million shares at an issue price of GBP 0.055 per share.

    The 3rd stage will consist of 144 million..
  • Nyota Minerals releases quarterly update

    2015-05-05
    Nyota Minerals Limited released its quarterly activities report for the three months ended 31 March 2015. 

    Exploration activity at the Northern Blocks in Ethiopia had ceased at period end due to a lack of funding. The Company is conducting a strategic review of its Ethiopian assets and continue to engage in discussions rega..
  • Ferrum Crescent to sell a 39% in its Moonlight project

    2015-05-05
    Ferrum Crescent Limited has signed a Memorandum of Understanding with Principle Monarchy Investments Limited whereby Principle Monarchy Investments will acquire a 39% stake in the Moonlight iron ore project in South Africa.

    Ferrum Iron Ore (Pty) Limited, a 97% owned subsidiary of Ferrum Crescent, holds the rights to the Moonlight ir..
  • Nyota Minerals releases quarterly update

    2015-05-04
    Nyota Minerals Limited released its quarterly activities report for the three months ended 31 March 2015. 

    Exploration activity at the Northern Blocks in Ethiopia had ceased at period end due to a lack of funding. The Company is conducting a strategic review of its Ethiopian assets and continue to engage in discussions rega..
  • Challenger Energy submits its Environmental Management Programme

    2015-05-04
    Challenger Energy has released its quarterly activities report for the period ending 31 March 2015.

    During the quarter, the Company submitted its revised Environmental Management Programme to the Petroleum Agency SA, putting in motion the 120 day approval process.

    The Company co..
  • Tawana Resources releases quarterly activities report

    2015-05-04
    Tawana Resource NI has released its quarterly report for its Mofe Creek iron ore project in Liberia for the three month period ended 31 March 2015.

    During the period under review,  Ellen Johnson Sirleaf, President of the Republic of Liberia, appointed the Inter-Ministerial Concessions Committee to negotiate Tawanas Resourc..
  • Kasbah Resources completes enhanced Definitive Feasibility Study

    2015-05-04
    Kasbah Resources Limited has released its quarterly activities report for the three month period ended 31 March 2015.

    The Company has received the final environmental acceptance for its Achmmach tin project, in Morocco, and further reports the key collective land rental agreement has been signed.

    <..
  • Sibanye Gold reports a 5% decrease in production

    2015-05-04
    Sibanye Gold Limited has released its operational update for the quarter ended 31 March 2015.

    Gold production for the quarter decreased by 5% to 9 808 kilograms as a result of the slower than normal start-up following the December holiday period.

    The Company reported underground..
  • The Waterberg Coal Companys Eskom project remains on hold

    2015-05-04
    The Waterberg Coal Company Limited has released its production report from its Waterberg coal project, in South Africa, for the quarter ended 31 March 2015.

    The Company reports that the project has confirmed coal resources of 3.883 billion tonnes with 2.070 billion tonnes of which being classified in the measured category.
  • Syrah Resources receives environmental license

    2015-05-04
    Syrah Resources Limited has received its environmental license for the Balama graphite project from the Ministry of Land, Environmental and Rural Development in Mozambique.

    Approvals for the Balama gaphite project received include a mining concession for a period of 25 years (renewable for an additional 25 years), a water license an..
  • 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..
  • Construction at Premier African Minerals RHA tungsten project on schedule

    2015-04-29
    Premier African Minerals Limited has released a construction progress update for its RHA tungsten project in Zimbabwe. 

    The Companys plant fabrication is on schedule for shipment from Johannesburg, South Africa to the RHA tungsten project in Zimbabwe. The first run of mine ore has been stockpiled and the mine recruitment p..
  • 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..
  • Edenville Energy raises 250 000 through share placement

    2015-04-29
    Edenville Energy Plc has placed a total of 625 000 000 new ordinary shares of 0.02 pence each at an offer price of 0.04 pence per share raising a total of 250 000.

    The proceeds from the placement will be put toward completing the mining license application process.

    The newly is..
  • 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..
  • DRDGOLD reports a 16% increase in operating profit

    2015-04-28
    DRDGOLD Limited has released a production update for the third quarter and nine months ended 31 March 2015.

    The Company reported that gold production increased by 2%, quarter-on-quarter, to 36 877 ounces of gold in Q3 FY15.

    All-in sustaining costs for Q3 decreased quarter-on-qua..
  • Kumba Iron Ore reports a 7% increase in production

    2015-04-28
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 march 2015.

    The Company reported a production total of 12.2 million tonnes, representing and increase of 7% on Q1 FY14 and a quarter-on-quarter decrease of 2%.

    Total export sales volumes..
  • 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. 
  • Northam Platinums Everest Part A acquisition becomes unconditional

    2015-04-28
    Northam Platinum Limited has announced that the Conditions Precedent of the sale for assets agreement with Aquarius Platinum Limited have been fulfilled, as a result the sale of Everest Minings assets has become unconditional.

    The acquisition is being carried out in two parts. Part A is the acquisition of Everests equipment and as..
  • Petmin reports a 35% increase in sale volumes

    2015-04-28
    Petmin Limited has released an operational update for the nine months ended 31 March 2015.

    The Company has reported that its Somkhele team is continuing to focus on safety and productivity improvements in order to lower costs and increase production and sales at the Somkhele anthracite mine in South Africa.
    <..
  • Kibaran Resources releases quarterly activities report

    2015-04-28
    Kibaran Resources has released its quarterly activities report from its projects in Tanzania, for the three month period ended 31 March 2015. 

    The Company reported that its the Bankable Feasibility Study continues to remain on schedule and within budget and is expected to be completed by the end of June 2015.
    <..
  • 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..
  • Botswana Metals provides Maiden Inferred Resource estimate

    2015-04-28
    Botswana Metals Limited has announced the Maiden Inferred Resource estimate for the Maibele North ore body in Botswana.

    The Inferred Resource was estimated to be 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63 g/t 4 PGE (platinum, palladium, rhodium and ruthenium) and gold using a 0.3% nickel cut-off grade.
    <..
  • Intrepid Mines has commenced drilling at its Mumbwa project

    2015-04-28
    Intrepid Mines Limited has announced an activities update from its Mumbwa project in Zambia. 

    4 priority targets have been identified, as well as 7 secondary targets. The Company reported that 1 diamond drill rig is currently on site and drilling for the 2015 season has begun.

    <..
  • 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..
  • Regal Resources signs MOA with Ivanhoe Mines

    2015-04-24
    Regal Resources Limited has entered into a binding conditional joint venture Memorandum of Agreement with subsidiaries of Ivanhoe Mines.

    Under the agreement, Regal Resources will have an option to acquire 90% interest in a package of highly prospective tenements in the Democratic Republic of Congo.

    &l..
  • Coal of Africa releases its quarterly update

    2015-04-23
    Coal of Africa Limited has released an update for the quarter ended 31 March 2015. 

    During the quarter, the Company recorded no lost-time injuries.

    Coal of Africa reported that it has received approval for the amended and updated Environmental Authorisation for the Vele..
  • 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% ..
  • Merafe Resources reports a 15% increase in ferrochrome production

    2015-04-22
    Merafe Resources Limited has released its production report for the quarter ended 31 March 2015. 

    Attributable ferrochrome production from the GlencoreMerafe chrome venture increased from 86 000 metric tonnes to 99 000 metric tonnes, representing a 15% quarter-on-quarter increase.

  • BHP Billiton reports production growth of 9%

    2015-04-22
    BHP Billiton Plc has released an operations update for the nine month period ended 31 March 2015.

    Production for the group grew by 9% for the reporting period, with records achieved for 10 operations and five commodities. Over the two years to the end of FY15 the Company reported that it remains on track deliver a production growth ..
  • 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..
  • 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. 

    <..
  • Tawana Resources completes first phase of community consultation meetings

    2015-04-22
    Tawana Resources has released an update on its ongoing Environmental and Social Impact Assessment at the wholly owned Mofe Creek project  in Liberia.

    Over the past month, Tawana Resources, alongside its environmental and social consulting partners: Earth Systems and Earth Environmental Consulting, have been conducting commu..
  • 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..
  • Stellar Diamonds reports 5 087 carats achieved from trial mining

    2015-04-22
    Stellar Diamonds Plc has released an operational update from trial mining at its 75% owned Baoul kimberlite pipe in Guinea.

    The Company a total of 5 087 carats of diamonds at an average grade of 13.5 carats per hundred tons were produced from the project. The Company continues to recover high quality gems including stones of 12.6 c..
  • Base Resources releases quarterly activities report

    2015-04-22
    Base Resources Limited has released its quarterly activities report for the three month period ended 31 March 2014.

    During the period under review, the Company achieved 12 months without a lost-time injury at its Kwale Mineral Sands Operations in Kenya.

    In addition, the Company ..
  • Shanta Gold releases Q1 operational update

    2015-04-22
    Shanta Gold Limited has released its production and operational update for the quarter ended 31 March 2015. 

    The Company achieved gold production of 13 516 ounces, a decrease of 5 598 ounces when compared to the 19 114 ounces of gold produced in Q4 of FY14. During the period under review, ore production was affec..
  • 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..
  • 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..
  • Petra Diamonds reports an increase in production of 6%

    2015-04-21
    Petra Diamonds Limited has released its production and sales update for the three months ended 31 March 2015.

    The Company reported high levels of production with an increase of 6% from 743 424 carats in Q3 FY14 to 791 443 carats for the period under review. Production for the nine months to 31 March 2015 increased by 1% from the pre..
  • 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. 

  • 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..
  • Kinetiko Energy and Badimo Gas form an incorporated joint venture

    2015-04-21
    Kinetiko Energy Limited and Badimo Gas (Pty) Limited have both signed a dispute resolution agreement whereby all disputes existing between the parties will be resolved and the parties will pool assets to form an incorporated joint venture in South Africa.

    Badimo Gas will hold a 51% stake in the resulting joint venture, Afro Energy, ..
  • IMX Resources registers project with the National Environment Management Council

    2015-04-21
    IMX Resources Limited announced that the Chilalo graphite project development plans have been registered with the National Environment Management Council in Tanzania.

    The Council reviewed the development plans as well as the anticipated environmental and social impact of the development. The Company has begun compiling an official E..
  • 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.
  • 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 ..
  • Kibaran Resources raises $4.1 million for Epanko graphite project

    2015-04-20
    Kibaran Resources Limited has raised $4.1 million through an oversubscribed share placement of 24.4 million shares at 17 cents per share for its Epanko graphite project in Tanzania.

    The placement will include new Australian and international institutional shareholders.

  • 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..
  • Tharisa achieves a new platinum group metals production record

    2015-04-15
    Tharisa Plc has released its Q2 production results for the three month period ended 31 March 2015. 

    The Lost Time Injury Frequency Rate, for the year period to 31 March 2015, per 200 000 man hours was recorded at 0.07. 

    The Company reported a new production rec..
  • 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 ..
  • Tawana Resources successfully completes formal presentation of its Mofe Creek project

    2015-04-15
    Tawana Resources NL has announced that the formal presentation of its Mofe Creek project to the Liberian Inter-Ministerial Concessions Committee has successfully been carried out.

    The presentation was attended by the Liberian National Investment Committee chairman, ministers, deputy ministers, government department representatives a..
  • 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..
  • Endeavour Mining produces 124 000 ounces of gold in Q1

    2015-04-14
    Endeavour Mining Corporation released its gold production results for Q1 FY15.

    During the period under review, the Company produced 124 000 ounces of gold. 

    These results represent a strong start for Endeavour Mining towards its full year production guidance of 475 000 ..
  • StratMin reports 215 tonnes of graphite sold in March 2015

    2015-04-14
    StratMin Global Resources Plc has released its production and sales update for the month of March 2015.

    The Company reported high levels of production with volumes significantly increasing from February 2015, this was due to increased efficiency at the plant.

    Recovery levels inc..
  • 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 ..
  • KEFI Minerals to sign mining agreement for its Tulu Kapi project

    2015-04-14
    KEFI Minerals Plc has announced that it will be signing a Mining Agreement with the Ministry of Mines of the Democratic Republic of Ethiopia for its Tulu Kapi project in Ethiopia.

    The Ethiopian Minister for Mines, Tolassa Shagi Moti and the Executive Chairman of KEFI Minerals, Harry Anagnostaras-Adams, will be signing the agreement..
  • 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. 
  • Kibaran Resources releases technical update on Epanko project

    2015-04-14
    Kibaran Resources Limited has released an update for its ongoing variability testwork carried out at Epanko graphite project in Tanzania. 

    Results from the testwork indicated grades ranging from 5% to 20.3% total graphite carbon. 

    Furthermore, it was confirmed ..
  • 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..
  • Oando reports an increase in reserves and resources

    2015-04-13
    Oando Plc has released its 2014 year end summary of its reserves and resources in Nigeria. 

    The increase in reserves have been attributed to technical revisions and the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips Company. 

    Proved..
  • Hebei Zhongbo Platinum meets contractual requirements to acquire Eastern Platinum

    2015-04-13
    Eastern Platinum Limited and Hebei Zhongbo Platinum Corporation Limited have met all the required contractual obligations to lodge the break fees of $11.25 million each as required under the terms of the purchase agreement. 

    As Hebei Zhongo Platinum has met all the contractual obligations, the Company can now acquire Easter..
  • 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..
  • Cardinal Resources continues intersecting new gold

    2015-04-13
    Cardinal Resources Limited has announced that wide gold intersection continues up and down dip from previous drilling at the Namdini mining license in Ghana. 

    Additional mineralised gold intersections mined showed 35 metres up dip extensions and 45 metres down dip extensions. New drill results include 18 metres at 1.18 g/t ..
  • 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..
  • ARIPO grants MetaLeach extracting patent

    2015-04-13
    MetaLeach Limited, a wholly owned subsidiary of Alexander Mining Plc, has been granted a patent by the African Regional Intellectual Property Organisation (ARIPO). 

    The patent was granted in Botswana, Namibia and Zimbabwe for a method of extracting zinc from the aqueous ammoniacal solutions.The Company further reported that..
  • 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..
  • Acacia Mining continues to expand its footprint into Africa

    2015-04-13
    Acacia Mining Plc has signed two additional earn-in agreements with Canyon Resources Limited and Thor Exploration Limited. 

    The additional earn-in agreements further extends the Companys footprint at the prospective Hound belt in Burkina Faso as the land package has been expanded to approximately 2 400 kilometre.&nbs..
  • 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..
  • 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 ..
  • Oando reports an increase in revenue

    2015-04-09
    Oando Plc has released its financial and operational results for the year ended 31 December 2014.

    The Company reported that it has completed the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips Company for a total cash amount of $1.5 billion, which included a large amount of production and a considerable b..
  • Centamin releases production results from its Sukari gold mine

    2015-04-09
    Centamin Plc has released preliminary production results for the Q1 period ended 31 March 2015. 

    Total gold production produced from the Sukari gold mine in Egypt, increased by 46% from 74 241 ounces of gold achieved in Q1 FY14 to 108 233 ounces of gold in Q1 FY15. The Companys quarterly throughput at the process plant tot..
  • 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..
  • Metals of Africa reports high lead-zinc grades in Gabon

    2015-04-08
    Metals of Africa Limited has released results from its ongoing exploration programme at the Kroussou project in Gabon. 

    Results have confirmed very high-grade lead-zinc mineralisation at the Kroussou project with grades up to 9.69% zinc and 33.1% lead. The grades are the highest ever achieved in Gabon and confirm the projec..
  • 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. 
  • Premier African Minerals obtains Environmental Impact Assessment approval

    2015-04-08
    Premier African Minerals Limited has obtained approval for its Environmental Impact Assessment from the Environmental Management Agency of Zimbabwe. 

    Furthermore to the approval the Company has been granted permission to operate its flagship RHA tungsten project in Zimbabwe. 
  • 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. 
  • IMX Resources releases an operation update

    2015-04-08
    IMX Resources has released an update on its Chilalo graphite project in Tanzania.

    The Groups Maiden Inferred Mineral Resource Estimate for the Shimba deposit totalled 7.4 million tonnes grading 10.7% total graphic carbon for 792 000 tonnes of contained graphite.

    More than 90% o..
  • 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..
  • Triton Minerals releases operational update

    2015-04-08
    Triton Minerals Limited has released an update from its Ancubabe and Nicanda Hill projects in Mozambique.

    Triton Minerals has secured the $2 billion off-take agreement with the Yichang Xincheng Graphite Company Limited. The graphite concentrate will be traded at market price, which will be no less than $1 000 per tonne. However, the..
  • Tawana Resources reports on new mineralisation discovery

    2015-04-08
    Tawana Resources NL has released an update concerning its Mofe Creek project in Liberia.

    Tawana Resources has discovered new friable itabirite mineralisation as part of its ongoing exploration strategy.

    The mineralisation has been defined in outcrops over a joined 1.4 kilometres..
  • Lucapa Diamond Company exceeds targets

    2015-04-08
    Lucapa Diamond Company Limited announced that its commercial alluvial mining operations at the Lulo diamond project in Angola is on track to becoming cash flow positive by the end of the second.

    This forecast follows after the Company achieved and exceeded its Q1 15 mining and processing targets. 
    <..
  • 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% ..
  • Kibo Mining releases operational update on the Rukwa coal project

    2015-04-02
    Kibo Mining Plc has released an operational update for its flagship Rukwa coal to power project in Tanzania. 

    Phase 2, stage 1 of the Definitive Mining Feasibility Study for the project has commenced and the site visits by Qualified Persons have confirmed the results published in phase 1, stage 1 of the Definitiv..
  • Atlatsa Resources revenue increases by 21.4%

    2015-04-02
    Atlatsa Resources Corporation has released its audited results for the fourth quarter and year ended 31 December 2014.

    The Company reported that its sales revenue increased year-on-year by 21.4% to $237.4 million for FY14.

    For the period under review the Company reported an incr..
  • 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..
  • African Potash continues to focus on Lac Dinga potash project

    2015-04-02
    African Potash Limited has released its unaudited results for the six months ended 31 December 2014.

    During the period under review, the Company has been focusing on the Lac Dinga potash project in the Republic of Congo. 

    The projects commercial potential was further d..
  • Sierra Rutile releases financial results

    2015-04-02
    Sierra Rutile Limited has released its financial results for the year ended 31 December 2014.

    The Company achieved production of 114 163 tonnes of rutile, a 5% decrease when compared to FY13, the decrease has been mainly attributed to the Ebola outbreak experienced in FY14. The Company reported that its sustained focus on cost contr..
  • 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..
  • 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 ..
  • Kibaran resources receives Expression of Interest from DFI

    2015-04-01
    Kibaran Resources Limited has received an expression of interest from the Development Finance Institution to co-finance the development of the Epanko graphite project in Tanzania.

    The Company reported that the Development Finance Institution is set to provide a loan of 20 million with a tenure period of 6.5 years, including a one y..
  • 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..
  • Rockwell Diamonds sells its Tirisano project for CAD 6.3 million

    2015-04-01

    Rockwell Diamonds Incorporated has reached an agreement to sell its non-core Tirisano project, located in South Africa, for CAD 6.3 million.


    In addition to..

  • Exxaro Resources CEO retires

    2015-04-01
    Exxaro Resources Limited has announced that on 31 March 2016 its Chief Executive Officer, Sipho Nkosi, will retire and be succeeded by Mxolisi Mgojo. 

    Mgojo is currently Exxaro Resources Executive Head - Carbon Operations and will serve as the Companys Chief Executive Officer designate from 1 May 2015 to 31 March 2016, wh..
  • Botswana Metals obtains funding for an exploration programme

    2015-04-01
    Botswana Metals Limited announced that BCL Limited has approved funding for the ground geophysical surveying of the exploration programme at Takane in Botswana. 

    The approval of funding followed the exceptional results of the mapping and soil sampling programme that was conducted in December 2014. The surveying programme wi..
  • 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..
  • 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..
  • Otjozondu Mining installs new a 100 tonne jig plant

    2015-04-01
    Otjozondu Mining Proprietary Limited, a wholly owned subsidiary of Shaw River Manganese Limited, has installed a 100 tonne per hour jig plant at its Otjozondu manganese project located in Namibia. 

    The Company has commenced with the jig plant commissioning and material trials. Trials and optimisation programming for the var..
  • Ferrum Crescent announces location of first mine

    2015-04-01
    Ferrum Crescent has identified the final location for its first mine at the Moonlight iron project located in South Africa.

    Zones A, B and C of the Moonlight project have been confirmed as the primary targets for infill drilling and Ore Reserve development for the first 10 year mine design. This decision follows the completion of 10..
  • 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 ..
  • Cardinal Resources identifies further gold intersections at Namdini

    2015-03-31
    Cardinal Resources Limited announced that additional wide gold intersections continue down dip from the previous drilling carried out at the Namdini mining license in Ghana. 

    Wide intersections from the previous drilling programme  included: 23 metres at 1.40 g/t gold from 82 metres vertical depth, 13 me..
  • Stellar Diamonds reports strong operational performance

    2015-03-30
    Stellar Diamonds Plc released its interim results for the six month period ended 31 December 2014. 

    Trial mining at the Baoul kimberlite project in Guinea commenced on schedule and is on budget and has reached the targeted capacity of 50 tonnes per hour processed. The Company recovered gem quality diamonds up to 9 carats i..
  • Emerging Market Minerals releases interim results

    2015-03-30
    Emerging Market Minerals Plc has released its interim results for the six months ended 31 December 2014. 

    During the period under review, the Company continued to identify and assess various project opportunities for potential acquisition with the aim of expanding its asset portfolio. The Company reported a loss before and ..
  • 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..
  • Jubilee Platinum reports a 22% increase in revenue

    2015-03-26
    Jubilee Platinum Plc has released its unaudited interim results for the six months ended 31 December 2014. 

    Revenue increased by 22% from R36.11 million reported for the previous corresponding period to R49.4 million. The Groups gross profit increased to R23.7 million from R15.5 million, representing a 34% increase when co..
  • 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..
  • Centamin reports a 9% increase in production

    2015-03-26
    Centamin Plc has released its financial results for the year ended 31 December 2014.

    The Company reported a full year production of 377 261 ounces of gold, a 6% increase on the 2013 total, with Q4 2014 production of 128 115 ounces representing an increase of 37% over Q3 2014. Cash cost for FY14 amounted to $729 an ounce. &l..
  • 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..
  • Tawana Resources releases update on Mofe Creek project

    2015-03-26
    Tawana Resources NL has released an update concerning their Mofe Creek project in Liberia.

    Tawana Resources has advised shareholders that the inaugural Inter-Ministerial Concessions Committee has been scheduled. The meetings main focus will be to negotiate the Mofe Creek Mineral Development Agreement under the Chairmanship of the L..
  • Firestone Energy securities suspended from trading

    2015-03-26
    Firestone Energy Limited has advised Shareholders of its application to have its shares suspended from trading.

    The Companys shares have since been suspended from trading on the ASX, where Firestone Energy has a primary listing, as well as the JSE, the Companys secondary listing.

  • Stellar Diamonds achieves sales of $417 122

    2015-03-25
    Stellar Diamonds Plc has sold 4 414 carats of diamonds in Belgium for a total gross revenue of $417 122.

    The Company reported that the sale included excellent quality white stones, with a value of $5 000 per carat achieved for one particular five carat stone.

    Stellar ..
  • Cardinal Resources discovers additional gold intersections at Namdini

    2015-03-24
    Cardinal Resources Limited has announced that additional wide gold intersections continue up and down dip from the previous drilling carried out at the Namdini mining license located within the Companys Bolgatanga project in Ghana. 

    The Company reports that 35 metres up dip and 50 metres down mineralised extensions and int..
  • 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..
  • Chrysalis Resources completes soil sampling in Shikila and Kabwima Projects

    2015-03-24
    Chrysalis Resources Limiteds regional soil sampling has been completed at both the Kabwima and Shikila copper projects in Zambia.
     
    The Company has collected a total of 8 825 soil samples, with 7 104 samples taken from the Kabwima project and 1 721 samples from the Shikila project.

  • 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. 

    &..
  • 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. 

  • 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 ..
  • Weatherly International report a 16% increase in revenue

    2015-03-23
    Weatherly International Plc has released its unaudited interim results for the six month period ended 31 December 2014.
     
    The Companys revenue increased by 16% from $19.3 million for the corresponding period of FY13 to $22.4 million for the period under review. The gross loss for the period was reported to be $408 000 which lead to a..
  • 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.
    <..
  • Golden Rim Resources drilling programme in Korongou commences

    2015-03-23
    Golden Rim Resources Limited has announced the commencement of its drilling programme which will focus on testing the new Guitorga gold anomaly at the Korongou project in Burkina Faso. 

    The programme will consist of approximately 40 reverse circulation drill holes with an average depth of 100 metres per hole. The company re..
  • Erin Resources commences with new exploration programmes

    2015-03-20
    Erin Resources Limited has announced the commencement of its new exploration programmes at its Lingokoto and Maleko gold projects in Senegal.

    The company is currently conducting soil sampling and mapping of both projects ahead after which drilling can commence.

    The Li..
  • Kibo Mining commences with review of Airborne Geophysical Data

    2015-03-18
    Kibo Mining Plc has commenced with its Airborne Geophysical Data Review relating to the Haneti nickel project in Tanzania. 

    The Company acquired recently collected high resolution aerial geophysical survey data for the Haneti project from the Geological Survey of Tanzania. Kibo Mining is set to commence with the detailed pr..
  • Coal of Africa Limited share loss improves

    2015-03-18
    Coal of Africa Limited released its interim results for the six months ended 31 December 2014.

    Coal of Africa reported a loss which amounted to $0.8 million, or 0.07 cents per share compared to a loss of $46.3 million, or 4.42 cents per share for the prior corresponding period.

    ..
  • 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 ..
  • Lemur Resources acquires the Zaaiplaats tin project in South Africa

    2015-03-18
    Lemur Resources Limited, a 58.46% owned subsidiary of Bushveld Minerals Limited, has acquired the Zaaiplaats tin project located in the Limpopo Province, South Africa. 

    The Company reported that it has strategically located surface rights for future mine developments in the area and that there is significant resource upside..
  • 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..
  • 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..
  • Camac Energy to list on the JSE

    2015-03-17
    Camac Energy Incorporated released its full year results for the year ended 31 December 2014. 

    The Oyo-8 well was successfully drilled and led to the discovery of four new oil and gas reservoirs. 

    The Company acquired 100% economic interest in the OMLs 120 and..
  • 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..
  • Kasbah Resources reports a 9% increase in ore reserve tonnage

    2015-03-17
    Kasbah Resources Limited has announced the new JORC compliant ore reserve estimate for the Achmmach tin project located in Morocco.

    The Achmmach ore reserve estimate is 9.2 million tonnes at 0.77% tin for approximately 71 300 tonnes of contained tin. This represents a 9% increase in ore reserve tonnage, higher than the 2014 Definiti..
  • Golden Rim Resources successfully raises AUD$1 Million

    2015-03-17
    Golden Rim Resources Limited has announced that it has effectively completed its recently announced fundraising.

    Golden Rim Resources announced a  two part placement on 25 February 2015, with the aim of raising up to AUD$1 050 680 before costs.

    The company issued 108 20..
  • 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.&..
  • 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..
  • Paragon Diamonds releases update on Lemphane diamond project

    2015-03-17
    Paragon Diamonds Limited has provided a positive update on the development of its Lemphane kimberlite pipe project  located in Lesotho.

    Paragon Diamonds has stated that stage I production at Lemphane remains on track to commence in the second tax quarter for 2015. Lemphane is located among a cluster of kimberlites known for..
  • 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.

    &..
  • Sentula Mining enters into a second addendum for the Benicon Mining Sale Agreement

    2015-03-16
    Sentula Mining Limited has advised shareholders that the parties to the Benicon Mining Sale Agreement have entered into a second addendum.

    The second addendum provides for certain variations on the terms of payment of the Purchase Consideration by the purchaser, Roan Coal (Pty) Ltd. 

  • 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..
  • Sipa Resources appoints Craig McGown to its Board

    2015-03-16
    Sipa Resources Limited has announced the appointment of Craig McGown as Director and Non-Executive Chairman of the Companys Board. 

    McGowns appointment follows the resignation of Ian Pearce as Director and Chairman of Sipa Resources. McGown, with a Bachelor of Commerce degree, has over 35 years of experience working as an..
  • 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..
  • 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..
  • Rockwell Diamonds releases resource estimates

    2015-03-11
    Rockwell Diamonds Incorporated has released an update on resources relating to its proposed acquisition of the Bondeo properties and other developments relating to its Middle Orange River strategy.

    The Company reported that 7.1 million m3 Inferred Mineral Resource has been estimated at Remhoogte, at a grade of 0.9 carats per 100 met..
  • Kibo Mining reports positive findings from the Rukwa Coal to Power project

    2015-03-11
    Kibo Mining Plc released an update of the Integrated Pre-Feasibility Study report for the Rukwa Coal to Power Project in Tanzania.

    The Company reported that coal mining and power generation technical reports have been consolidated into single projects report for the Rukwa Coal to Power Project. The Rukwa Coal to Power Project is rob..
  • Stratmin Global Resources release production and sales update

    2015-03-11
    Stratmin Global Resources Plc has released its production and sales update for the month of February 2015.

    The Company reported that production volumes were up from the previous month. Wet graphite and Post de water, Pre Drier for the Beneficiation plant were recorded at 360 tonnes and 194 tonnes respectively. Dry mixed for Drier wa..
  • 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..
  • Sula Iron and Gold releases consolidate results for the year

    2015-03-11
    Sula Iron and Gold Plc and its subsidiary, Blue Horizon (SL) Ltd, released its consolidated final results for the year ended 30 September 2014.

    Sula Iron and Golds maiden JORC Compliant Mineral Resource Estimate at Ferensola was declared in December 2014 and comprised a total of 514.5 million tonne at 31.8% iron, including easily a..
  • 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..
  • Oklo Resources releases exploration update on gold projects

    2015-03-10
    Oklo Resources Limited has released an exploration update for its gold projects located in Mali. 

    The Company has completed a Ground Geophysical Survey at its Dondoko gold project in Mali. 

    The survey covered areas of reconnaissance drilling that intersected at..
  • 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. 
  • 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. 
  • Lucapa Diamond prepares for mining at Lulo diamond

    2015-03-10
    Lucapa Diamond Company Limited has mobilised its earthmoving equipment to the BLK_08, BLK_06 and BLK_19 areas at the Lulo Diamond Concession, in Angola, for its next phase of diamond mining. 

    The Company reported that the largest diamonds were recovered from these three areas from the previous alluvial bulk sampling program..
  • 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..
  • 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 ..
  • Callabonna Resources releases update on Ansongo

    2015-03-09
    Callabonna Resources Limited reported that its joint venture partners, Mali Manganese has filed for a review regarding the Supreme Court of Malis earlier decision about the transfer of the Ansongo mine lease in Mali. 

    The Companys drilling programme and all non-essential expenditure remain on hold untill the issue has bee..
  • 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.

  • Exxaro Resources coal production increased to 39.1 million tonnes

    2015-03-09
    Exxaro Resources Limited released its reviewed condensed group financial statements for the year ended 31 December 2014. 

    Coal production volumes increased by 1% to 39.1 million tonnes and coal exports also increased to 5.3 million tonnes, representing a 19% increase for the year ended 31 December 2014. 
  • 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..
  • Royal Bafokeng Platinum releases annual results

    2015-03-04
    Royal Bafokeng Platinum Limited has released its audited annual results for the year ended 31 December 2014. 

    The Company reported labour stability as well as a 13% improvement in the lost time injury frequency rate. Platinum, palladium, gold and rhodium production increased by 5% whilst the cost per platinum, palladium, go..
  • 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 ..
  • 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,..
  • Bushveld Minerals releases an operational update

    2015-03-04
    Bushveld Minerals Limited has released an operations update on the Pre-Feasibility study currently underway at its Bushveld vanadium project located in the Limpopo Province, South Africa.

    The Company reported that 31 boreholes totaling 1831.61 metres had been completed on the AB Zone and the Main Magnetite Layer since the drilling p..
  • Mwana Africa closes $20 million bond issue

    2015-03-04
    Mwana Africa Plc has announced the closing of the $20 million bond issue for the restarting of the smelter at its 74.73% owned subsidiary, Bindura Nickel Corporation Limited.

    Bindura Nickel Corporation has successfully closed its fully subscribed $20 million bond offer on 27 February 2015. Net proceeds from the bond issue will be pu..
  • 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 ..
  • Magnis Resources signs MOU

    2015-03-04
    Magnis Resources Limited has signed a Memorandum of Understanding with SINOMA as the first step in proceeding to a formal binding agreement which will cover financing, engineering and construction of the Nachu graphite project in Tanzania. 

    The signed Memorandum of Understanding follows after the 80 000 tonnes per annum bin..
  • Strandline Resources identifies additional drill targets

    2015-03-04
    Strandline Resources Limited has released an update for its drilling programmes in Tanzania. 

    The Mafia Island project confirmed high grade results from three separate locations which included: 81.1%, 26.3% and 7.48% Total Heavy Mineral, with excellent Valuable Heavy Mineral content of the Total Heavy Mineral ranging from 5..
  • 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 ..
  • 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..
  • Assore concludes agreement with African Rainbow Minerals

    2015-03-02
    Assore Limited announced it has reached a principle agreement with African Rainbow Minerals Limited to acquire its 50% indirect interest in the Dwarsrivier Chrome Mine in South Africa. 

    Dwarsrivier is a subsidiary of Assmang Proprietary Limited, which is an equal joint venture between Assore and African Rainbow Minerals. Pu..
  • Impala Platinum reports a 3.6% decrease in revenue

    2015-02-27
    Impala Platinum Holdings Limited released its consolidated interim results for the six months ended 31 December 2014. 

    Revenue decreased by 3.6% to R15.9 billion, the decrease in revenue was attributed to a decrease in platinum sales volumes, as well as a decrease in palladium and nickel due to lower production at Impala. &..
  • 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..
  • Triton Minerals releases graphite project updates

    2015-02-27
    Triton Minerals Limited has confirmed the engagement of several key consultants to assist the Company with the completion of its Definitive Feasibility Study at Nicada Hill located in Mozambique.

    Independent Metallurgical Operations (Proprietary) Limited engaged to complete a detailed study on the physical properties and specificati..
  • 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.

  • 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..
  • Harmony Gold reports successful rescue following mine fire

    2015-02-24
    Harmony Gold Mining Company Limited announced that all 486 employees were safely brought to surface following a fire on level 75 of the Kusasalethu mine, in South Africa.

    The fire started in the morning of 22 February 2015 during maintenance work on a bulk air cooler, 2 300 metres underground.

  • 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..
  • 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 ..
  • 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..
  • Canyon Resources executes a MoU

    2015-02-24
    Canyon Resources Limited has entered into a binding Memorandum of Understanding with Bollor Africa Logistics Cameroun SA and Camrail SA regarding access to infrastructure at its Birsok Bauxite project located in Cameroon.

    The parties have agreed to investigate rail, port and logistics services for the project.The execution of the M..
  • 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..
  • Sipa Resources confirms nickel and copper mineralisation at Akelikongo Kitgum-Pader project

    2015-02-24
    Sipa Resources Limited has released an update regarding its drilling programme at the Akelikongo Kitgum-Pader base and precious metals project located in Uganda.

    Diamond drilling at the Akelikongo project further intersected nickel and copper sulphide mineralisation extending from surface to more than 100 metres below surface. Miner..
  • 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. 
    &..
  • 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.

  • Vast Resources announces disposals and Earn-in Agreement

    2015-02-23

    Vast Resources Plc has advised shareholders of its plans to divest certain non-core Zambian assets.

    The Company has entered into an agreement whereby its subsidiary, African Consolidated Resources (Zambia) Limited, the remaining copper interests in Zambia as well as the contract to acquire..
  • 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..
  • Petra Diamonds moving into undiluted ore

    2015-02-19
    Petra Diamonds Limited Chief Executive Officer, Johan Dippenaar, presented the Company as an investment opportunity at the African Mining/Sanlam iTrade CEO Investor Dinner that took place alongside the 2015 Mining Indaba.

    Petra Diamonds is a leading independent diamond mining group and supplier of rough diamonds. The Company operat..
  • Anglo American delivers strong operational performance

    2015-02-18
    Anglo American Plc has released its preliminary results for the year ended 31 December 2014.

    Anglo American reported that in FY2014 it delivered on all its major commitments in operational performance, project delivery and portfolio restructuring. The Company was able to achieve strong operational performance across every business, ..
  • African Minerals Director resigns

    2015-02-17
    African Minerals Limited has announced the resignation of Chief Executive Officer and Director of the Company, Alan Watling, effective immediately.

    Watling had been Chief Executive Officer of the Company since August 2014. 

    The Board thanks Alan for his considerable con..
  • Acacia Mining releases FY14 results

    2015-02-17
    Acacia Mining Plc has released its results for the 12 months ended 31 December 2014.

    The Company recorded revenue of $930 million, in line with 2013. EBITDA1 of 3 increased by 5% to $253 million, attributable to non-cash charges of $27 million. Acacia Minings operational cash flow increased to $290 million, a 55% increase on 2013 w..
  • Cardinal Resources intersects high grade gold

    2015-02-17
    Cardinal Resources Limited announced a high grade gold intersection of 23 metres at its Namdini Mining License located within Bolgatanga project in Ghana.

    The high grade gold was intersected 40 metres north along strike from hole NMRC366-741. Best results from the intersection include 23 metres at 3.73 g/t gold from 80 metres vertic..
  • Malagasy Minerals reports exceptional diamond drilling results from Maniry

    2015-02-17
    Malagasy Minerals Limited completed its maiden diamond drilling programme on four targets at its 100% owned Maniry graphite project located in Madagascar.

    The maiden programme confirmed the presence of thick high-grade graphite horizons. The Company completed 17 diamond holes with a total of 1 588.6 metres being drilled and signific..
  • 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 ..
  • Globe Metals and Mining releases project update at Chizoro

    2015-02-17
    Globe Metals and Mining Limited has received its assay results for the rock chip sampling undertaken at the Chizoro graphite project in Malawi. 

    The assay results confirmed two new prospects Chimutu East and Katengeza. 37 of the 101 rock samples collected from the Chimutu East prospect returned gradings of > 10% Tot..
  • Perseus Mining reports a $41.2 million profit after tax

    2015-02-17
    Perseus Mining Limited released its results for the six month period ended 31 December 2014. 

    The Company reported that the strong earnings result represents a material turnaround due to higher gold production at the Edikan gold mine in Ghana and cost reductions across the group. Operating cash flow was recorded at $11.0 mi..
  • Assore reports a loss in earnings

    2015-02-12
    Assore Limited released its half year results for the period ended 31 December 2014. 
    Headline Earnings decreased by 59.2% to R990 million, attributable to lower Headline Earnings recorded by Assmang (Pty) Ltd which decreased by 60.5% to R1.7 billion.

    During the period under review, the Company reporte..
  • 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..
  • Eastern Platinums shareholders approve sale of assets

    2015-02-11
    Eastern Platinum Limiteds shareholders have approved the transaction with Hebei Zhongbo Platinum Company Limited whereby Hebei Zhongbo Platinum Company would acquire the Companys entire South African platinum group metal business and all the loan agreements the Company has with its subsidiary companies.

    The acquisition is for a to..
  • 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..
  • Randgold Resources reports a 26% increase in production

    2015-02-11
    Randgold Resources Limited released its results for the fourth quarter ended 31 December 2014.  

    Randgold Resources increased its gold production by 26% in 2014 and reduced total cash costs by 2%, with cash, cash equivalents and gold on hand of more than $100 million by the end of year. The Group reported that profit decrea..
  • Rockwell Diamonds set to acquire three alluvial diamond properties

    2015-02-11
    Rockwell Diamonds Incorporated has released further technical information regarding its conditional agreement to acquire three alluvial diamond properties and associated plant and equipment from Bondeo 140 CC. 

    The Remhoogte/Holsloot and Bo-Karoo projects are contiguous to Rockwells existing properties in the Middle Orange..
  • 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 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..
  • Sibanye Gold suspends operations at Beatrix

    2015-02-10
    Sibanye Gold Limiteds management has decided to suspend operations at Beatrix North & South shafts following a conflict that erupted between members of the  Association of Mineworkers and Construction Union ("AMCU") and the National Union of Mineworkers.

    The Company has, in recent months, been verifying a..
  • 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..
  • Aquarius Platinums subsidiary disposes of share interest in Everest mine

    2015-02-10
    Aquarius Platinum (South Africa) (Pty) Ltd, a subsidiary of Aquarius Platinum Limited, entered into an agreement to sell its entire share interest in the Everest mine and related mining and processing infrastructure and immovable properties to Northam Platinum Limited. 

    The consideration of the sale is R450 million which is..
  • Mozambi Resources acquires graphite licenses in Mozambique

    2015-02-10
    Mozambi Resources Limited has announced the signing of a terms sheet granting the Company the option to acquire two graphite prospective license applications in Balama Montepuez region located in Mozambique.

    The Company reported that license 6142L is contiguous with Triton Minerals Nicanda Hill project and 5 kilometres north of Syr..
  • 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..
  • Regal Resources releases updated JORC Mineral Resource at Kalongwe

    2015-02-10
    Regal Resources Limited released its updated and re-classified JORC Mineral Resource estimate for the Kalongwe copper-cobalt deposit. 

    The updated results include all Phase two results which indicate upgrade in the quality and quantity of the July 2014 Mineral Resource estimate. The new measured, indicated and inferred mine..
  • Bounty Oil & Gas updates on Kiliwani North development license

    2015-02-09
    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 mmcfd (million cubic feet per day) when on stream. The Company owns 10% interest in Kiliwani North 1 and the Kiliwani North Development License ..
  • 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..
  • ZCI enters into a loan facility agreement

    2015-02-04
    ZCI Limited and its subsidiary, African Copper Plc, have entered into an additional loan agreement, whereby ZCI will provide a $4.5 million facility to its subsidiary which will be put toward the ongoing mining activities at the Thakadu pit in South Africa.

    The facility is a secured loan with a simple interest rate of 9% and will be..
  • 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..
  • Premier African Minerals enters into an agreement with Darwin Strategic

    2015-02-04
    Premier African Minerals Limited has signed an agreement for a 1 000 000 (gross) zero coupon senior unsecured convertible loan note with Darwin Strategic Limited.

    The Note will be divided into 40 individual notes with a par value of 25 000 each and be used to fund part of the development of RHA Tungsten (Private) Limited located i..
  • 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..
  • 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 ..
  • 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..
  • Aureus Mining confirms excellent gold recoveries

    2015-02-04
    Aureus Mining Incorporated released metallurgical optimisation testwork results from its Ndablama Gold project in Liberia and confirm excellent gold recoveries.

    These results confirm and expand upon previous testwork results where gold recoveries following a cyanide leach ranged between 92% and 94% for the oxide and sulph..
  • Lonmin releases production update

    2015-02-03
    Lonmin Plc has released its production results for the three months ended 31 December 2014 and an update for the period from 01 October 2014 to date. 

    Lonmin reported that there were no fatalities during the period under review and for the fourth quarter in a row. The Lost Time Injury Frequency rate decreased for the 12 mon..
  • Aquarius Platinum releases an update on Zimbabwes royalty

    2015-02-03
    Aquarius Platinum Limited has advised shareholders that the proposed export tax on unrefined platinum has been deferred to 1 January 2015.

    In 2013, the government of Zimbabwe proposed an export tax on unrefined platinum to encourage mining companies to invest in platinum smelting and refining capacity in Zimbabwe.
  • 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..
  • Tawana Resources releases operational update

    2015-02-03
    Tawana Resources NL has released its activities report for the quarter ended 31 December 2014. 

    The Company progressed its Pre-Feasibility Study for the Mofe Creek iron ore project, in Liberia. Initial economics for the Pre-Feasibility Study highlight the ongoing technical and financial robustness of the project. The Pre-Fe..
  • 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..
  • 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 ..
  • Kumba Iron Ore reports a 10% increase in production

    2015-01-28
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 December 2014. 

    The Companys total production increased by 10%, in comparison to the previous corresponding period of Q4 2013 and decreased by 4% compared to the previous Q3 2014 to 12.4 million tonnes which is in line with the pro..
  • Anglo American releases Q4 2014 production report

    2015-01-28
    Anglo American Platinum released its production report for the fourth quarter ended 31 December 2014. 

    The Company reported that its group equivalent refined platinum production increased by 14% to 594 koz over Q4 2013. Production at Mogalakwena in Limpopo, South Africa, increased by 11% to 98 koz, attributable to increased..
  • 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..
  • Gem Diamonds releases operational and performance update

    2015-01-28
    Gem Diamonds Limited has released its operational and sales performance trading update for Q4 2014. 

    The Leteng mine continued to perform strongly during the quarter as 25 525 carats were recovered in Q4 2014. The Groups tender in December 2014 achieved an average of $2 799 per carat, resulting in an average va..
  • Sable Mining Africa signs an Infrastructure Development Agreement

    2015-01-28
    Sable Mining Africa Limited, through its 80% owned subsidiary, West Africa Exploration S.A., has signed an Infrastructure Development Agreement with the Government of Liberia. 

    The agreement relates to the development, ownership rights, financing, use and operation of rail and port infrastructure in the Republic of Liberia ..
  • 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..
  • 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..
  • Towchester Investment Companys alluvial mining application denied

    2015-01-27
    Towchester Investment Company Limited, a 100% owned subsidiary of Nyota Minerals Limited, was informed by the Ministry of Mines of the Ethiopian government that it will not be granted the alluvial mining licenses for the areas along the Abay River and its tributaries. 

    The rationale behind denying the mining license is that..
  • Coal Of Africas Vele Colliery granted Environmental Authorisation amendment

    2015-01-27
    Coal of Africa Limited has been granted an Amendment of the Environmental Authorisation in terms of the National Environmental Management Act and the Environmental Impact Assessment Regulations for its Vele Colliery in South Africa.

    The amendment was granted by the South African Department of Environmental Affairs and is the first o..
  • 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..
  • 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..
  • 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..
  • 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..
  • Resource Generation releases quarterly report

    2015-01-23
    Resource Generation Limited has released its quarterly report for the three months ended 31 December 2014. 

    The Company is currently developing its Boikarabelo coal mine in the Waterberg region of South Africa. There are probable reserves of 744.8 million tonnes of coal on 35% of the tenements under the companys control. F..
  • 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..
  • 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..
  • 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..
  • Kibo Mining enters into MoU

    2015-01-21
    Kibo Mining Plc has entered into a Memorandum of Understanding for a 50/50 joint venture with Metal Tiger Plc on the Companys Morogoro South gold prospective exploration portfolio in Tanzania.

    Morogoro consists of 18 licenses, offers, applications and tenders covering a combined surface area of approximately 1 400 square kilometres..
  • Drake Resources halts trading

    2015-01-21
    Dake Resources Limited has made an application for a trading halt of its securities, effective immediately.

    The Company has requested a trading halt pending an announcement that relates to a capital raising.

    Drake Resources is an ASX listed diversified mineral exploration and de..
  • 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..
  • 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..
  • Aziana commences with diamond drilling

    2015-01-21
    Aziana Limited has announced the commencement of a diamond drilling campaign at its 100% owned Anosivola copper gold project located in Madagascar.

    The Company is set to commence with drilling during the first week of February 2015. The drilling programme has been designed to test prospects along the Anosivola east to Bevomanga zone..
  • 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..
  • Cardinal Resources intersects 41 metres high grade gold

    2015-01-21
    Cardinal Resources Limited announced that it has identified an additional high grade gold intersection at the Bolgatanga project in Ghana.

    The new intersection is located approximately 25 metres down dip from the 43 metres at 2.23 g/t gold from 87 metres vertical intersection at the Namdini mining license.
    <..
  • 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..
  • Gold Fields releases production and cost update

    2015-01-19
    Gold Fields Limited has released its production and cost update for the quarter and year ended 31 December 2014. 

    The Company expects both All-in Sustaining Costs and All-in Costs for the year to be better than previous guidance. Attributable gold equivalent production for Q4 2014 is expected to be approximately 556 000 oun..
  • Northam Platinum suspends operations at Zondereinde mine

    2015-01-19
    On 13 January 2015, Northam Platinum Limiteds employees at the Zondereinde mine, located in South Africa, embarked on unprocedural industrial action.

    The Company advises that management has now taken a decision to temporarily suspend operations at the Zondereinde mine in the interests of securing the safety and security of employee..
  • Sula Iron & Gold provides coltan update

    2015-01-19
    Sula Iron & Gold Plc has released the results of reconnaissance fieldwork for coltan mineralisation carried out at the Companys Ferensola project, in the Democratic Republic of Congo, since September 2014.

    The reconnaissance fieldwork was designed by SRK Exploration Ltd. It included Sula Iron & Gold's technical..
  • 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..
  • Nyota Minerals applies for trading on AIM

    2015-01-19
    On 20 March 2014, Nyota Minerals Limiteds 882 149 127 ordinary shares were admitted for trading on the Australian Stock Exchange but application to trading on AIM in respect of 7 975 343 ordinary shares was not made at the relevant time due to administrative oversights.

    Accordingly, application has now been made for the Application..
  • Resolute Mining confirms further high grade drill results

    2015-01-19
    Resolute Mining Limited has confirmed further high grade drill results from a major programme conducted at the Bibiani gold project located in Ghana.

    The Company reported further high grade gold intersections from the surface and underground diamond drill programme. Best intersections include 34.0 metres at 4.37 g/t gold from 289 me..
  • Northam Platinums workers embark on an industrial action

    2015-01-15
    Northam Platinum Limited confirmed that employees at the Zondereinde mine located in Limpopo, embarked on unprocedural industrial action with effect from the night shift on
    13 January 2015.

    The mines management is seeking to engage with representatives of the National Union of Mineworkers (NUM) in order to und..
  • Base Resources releases an update on World Titanium Resources takeover offer

    2015-01-15
    Base Resources Limited has advised shareholders that the off-market takeover offer for World Titanium Resources Limited has been finalised. 

    The offer price for the takeover will not be increased and the offer is set to close on 6 February 2015.  The Company will not extend the offer unless all remaining conditions..
  • 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..
  • Universal Coal announces a 9.62 million tonne Maiden Resource

    2015-01-14
    Universal Coal Plc has announced a maiden JORC 2012 compliant coal Reserve Estimate for its Northern Open-Pit in Brakfontein in South Africa. 

    The Company has completed its Pre-feasibility study and reported a maiden Proven Reserve of 9.62 million tonnes.

    Chief Executiv..
  • 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..
  • Pan African expects a decrease in earnings

    2015-01-14
    Pan African Resources has released its six month trading statement for the period ended 31 December 2014. 

    The Group expects its Earnings per Share and Headline Earnings per Share, calculated in rand value, to be between 60% and 80% lower than the 15.11 cents reported for the previous corresponding period of 2013.  ..
  • 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..
  • Sipa Resources confirms strong anomalies at Kitgum-Pader project

    2015-01-14
    Sipa Resources Limited has identified strong chargeability induced polarisation anomalies at its Kitgum-Pader project in Uganda. 

    The results were gathered from the Companys gradient array survey which was carried out at the Pamwa zinc, silver and lead mineralised zone.

  • 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..
  • Mena International Petroleum Company commences with operations

    2015-01-08
    Mena International Petroleum Company Limited, a subsidiary of SacOil Holdings Limited, has commenced with field development operations at its 100% owned Lagia oil fields in Egypt. 

    Schlumberger Egypt was appointed to conduct initial phases of development which will consist of the hydraulic stimulation of the Lagia 6, 7, 8, ..
  • 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..
  • Stellar Diamonds releases update on trial mining at Baoul

    2015-01-08
    Stellar Diamonds Plc has released a progress update on the trial mining currently being conducted at the Baoul kimberlite pipe in Guinea. 

    To date, the trial mining programme has yielded a total 2 145 carats at an average grade of 15 carats per hundred tonnes. High quality gems are continuously being recovered including 8...
  • 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..
  • Giyani Gold announces expiration of Letter of Intent

    2015-01-07
    Giyani Gold Corporation has advised shareholders that the Letter of Intent agreement with the shareholders of Horizon Enerji A and Sumo Coal (Pty) Ltd has expired.

    The agreement expired in accordance with its terms as a definitive agreement was not entered into by 31 December 2014.  Giyani Golds share were suspended from t..
  • Rockwell Diamonds enters into agreement to acquire diamond properties

    2015-01-07
    Rockwell Diamonds Incorporated has entered into a conditional agreement to acquire certain alluvial diamond properties as well as the associated plant and equipment from Bondeo 140 CC for a total consideration of R284.2 million. 

    The acquisition will substantially enlarge the Companys operating and resource base in the Mid..
  • 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. 
  • Eastern Platinum concludes acquisition transaction with Hebei Zhongbo Platinum

    2015-01-07
    Eastern Platinum Limited announced it has reached an agreement with Hebei Zhongbo Platinum Company Limited to acquire Eastern Platinums entire South African platinum group metal business. 

    The acquisition will include all major interests held by the Companys existing minority partners and all the loan agreements that it h..
  • Kibo Mining releases Q4 operational update

    2015-01-06
    Kibo Mining Plc has released an operational update for the final quarter of 2014. 

    The Company reports the completion of stage 1, phase 1 of the Definitive Mining Feasibility Study for its Rukwa coal to power project located in Tanzania. The power Pre-Feasibility Report for the Rukwa power plant was also completed. ..
  • 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..
  • Rockwell Diamonds releases quarterly production and sales update

    2014-12-29
    Rockwell Diamonds Incorporated has released its quarterly production and sales update for the three months ended 30 November 2014.  

    As of 05 December 2014, the Companys Middle Orange River operations in South Africa, achieved a record 4.7 million lost time injury free hours. The earthmoving vehicle renewal plan at Saxendr..
  • Aureus Minings Ndablama mineral resources doubled

    2014-12-29
    Aureus Mining Incorporated completed its phase four drilling programme conducted at its Ndablama gold project in Liberia and updates on  a NI 43-101 resource.

    The phase four drilling programme successfully extended the Ndablama resource area along strike and down dip covering a north-south strike of 1 000 metres and down to..
  • Kibo Mining receives final PEA report

    2014-12-22
    Kibo mining Plc has received the final Preliminary Environmental Assessment report for its Imweru gold project in Tanzania.

    The Company reports that the results of the Preliminary Environmental Assessment confirm and in certain aspects exceed its expectations of the technical and commercial value of the project.
  • 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..
  • 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..
  • Oklo Resources completes capital consolidation

    2014-12-10
    Oklo Resources Limited announced the completion of its one for twenty capital consolidation.

    The capital consolidation, approved by an ordinary resolution of shareholders, was achieved through the conversion of twenty fully paid ordinary shares and options into one fully paid share or unlisted option. 
  • Kibo Mining releases Definitive Mining Feasibility study report findings

    2014-12-10
    Kibo Mining Plc has released its phase 1, stage 1 findings from the Definitive Mining Feasibility Study relating to the Rukwa coal to power project in Tanzania. 

    Results from the study identified four financially feasible alternative options for project development. The Company estimated annual coal sale revenue to be betwe..
  • Anglo American reports improved underlying operational performance

    2014-12-10
    Anglo American Platinum Limited has released an operational update and reports an improvement in the Companys underlying operational performance despite a challenging labour environment.

    The Company reported that it is likely to deliver 1.8 million platinum ounces following the quick and successful ramp-up at the upper end of guida..
  • 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..
  • African Potash releases assay results

    2014-12-10
    African Potash Limited has released its results from the recently completed exploration drilling programme conducted at its Lac Dinga potash project in the Republic of Congo.

    The assay results obtained from the drilling programme confirm the presence of numerous potash seams at the Lac Dinga project. Best results from the drilling p..
  • 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..
  • 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.
  • Oando Energy Resources completes Umugini pipeline

    2014-12-09
    Oando Energy Resources Limited has announced the completion of the 45 000 barrels per day, 51km Umugini pipeline in Nigeria.

    Over the past year, the Company has completed wells 5, 6 and 7 bringing oil production capacity to a gross total of 7 140 boepd for the company and Energia Limited, the operator of the project. Oando Energy Re..
  • DiamondCorps Lace mine strike ends

    2014-12-09
    DiamondCorp has announced the end of the industrial action taken by Association of Mineworkers and Construction union members at its Lace mine in South Africa.

    AMCU members began striking following a dispute regarding managements refusal to employ two additional full-time shop stewards, the Union currently has five full-time shop st..
  • 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 ..
  • Tiger Resources provides Kipoi copper project update

    2014-12-09
    Tiger Resources Limited has released an update from its Kipoi copper operations located in the Democratic Republic of Congo.

    The company had previously announced the completion of the solvent extraction and electrowinning plant and the project continues to produce at nameplate capacity of 25 000 kt per annum.
    &..
  • 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..
  • IMX Resources releases assay results from Chilalo graphite project

    2014-12-09
    IMX Resources Limited has received additional assay results from its Reverse Circulation drilling programme conducted at the Chilalo graphite project located in Tanzania. 

    Best results included 32 metres at 11.4 total graphitic carbon, 16 metres at 11.7% total graphitic carbon, 18 metres at 11.8% total graphitic carbon and ..
  • 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..
  • 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..
  • Kibo Mining updates on the Rukwa coal to power project

    2014-12-03
    Kibo Mining Plc has received the final report for Phase 1, Stage 1 pertaining to the Rukwa coal to power projects Definitive Mining Feasibility Study.

    The Companys appointed Independent Consultant, Minxcon Projects, delivered the key report on schedule. The report demonstrated an overall estimated profitability that is significant..
  • 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..
  • Caledonia Mining revises Blanket mine investment plan

    2014-12-03
    Caledonia Mining Corporation announced that it is in the process of filing a Technical Report as well as a Preliminary Economic Assessment for the revised investment plan for its Blanket mine in Zimbabwe. 

    The justification for the revised plan is to improve underground infrastructure and logistics at the Blanket mine and a..
  • 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..
  • 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..
  • 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..
  • Viking Mines completes a strategic review

    2014-12-02
    Viking Mines Limiteds corporate advisors, Emerald Partners Limited, has completed a strategic review of the Companys Ghanaian gold assets.

    A number of interested parties, who are interested in acquiring the Companys Ghanaian gold projects, have been contacted and confidential access to Viking Mines  detailed project dat..
  • 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..
  • African Eagle Resources updates on proposed acquisition

    2014-12-02
    In November 2014, African Eagle Resources Plcs newly incorporated South African subsidiary entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.

    Pursuant to this, both parties have agreed on an extension to the Agreement for the date by which the condition needs to be satis..
  • Anglo American Platinum expects a decrease in earnings

    2014-12-02
    Anglo American Platinum Limited has released its trading statement for the 12 months ending 31 December 2014. 

    The Company reported that Headline Earnings and Headline Earnings per Share will be 20% lower for the 12 months ended 31 December 2014. The decrease in Headline Earnings and Headline Earnings per Share has been att..
  • 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..
  • 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 ..
  • Kimberley Diamonds receives environmental authorisation

    2014-12-02
    Kimberley Diamonds Limited has received approval from the Department of Environmental Affairs regarding the transfer of the authorisation of the previously approved Environmental Impact Assessment from DiamonEx Botswana.

    DiamonEx Botswana is the previous owner of Lerala Diamond Mines Limited.
  • Cardinal Resources reports further high grade intersections

    2014-12-02
    Cardinal Resources Limited discovered further high grade gold intersections in the vicinity of the previously discovered 43 metres gold intersection within the Namdini mining license located in Ghana.

    Significant gold intersection includes 9 metres at 8.46 g/t from 85 metres vertical. Other results from further Reverse Circulation d..
  • Chrometco releases interim results

    2014-12-01
    Chrometco Limited released its interim consolidated financial results for the six months ended 31 August 2014.

    During the period under review, the Company focussed on finalising  a mining services and ore sales agreement with International Ferro Metals SA (Pty) Limited. Another major focus was the exploration and drilling p..
  • 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..
  • North River Resources completes Definitive Feasibility Study

    2014-12-01
    North River Resources Plc has completed its Definitive Feasibility Study for the Namib lead zinc silver mine in Namibia. 

    The study indicated a Maiden Mineral Reserve of 585 000 tonnes at 6.2% zinc, 2.9% lead and 46 parts per million of silver. The Definitive Feasibility Study confirmed that the project has a robust economi..
  • 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..
  • Caledonia Mining planning to double Blanket mine production

    2014-11-27
    Caledonia Mining Corporation is seeking to double gold production at the Blanket mine, in Zimbabwe, by expanding the mine.

    The decision to expand the Blanket mine followed a strategic review of the companys operations with the aim of expanding outside of Zimbabwe. The Strategic review concluded that the best potential returns would..
  • 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..
  • Atlatsa Resources reports a 30% increase in revenue

    2014-11-27
    Atlatsa Resources Corporation released its operational and financial results for three and nine months ended 30 September 2014. 

    The Bokoni mine performed well during the period under review as it achieved its best production volume since 2006. 

    Reve..
  • African Minerals releases financing update

    2014-11-26
    African Minerals Limited has released a financing update for its operations in Sierra Leone. 

    The Companys discussion with Shandong Iron and Steel Group continues over the timing of the release of restricted cash of $102 million. As discussions continue, African Minerals is looking for alternative funding to finance its wo..
  • Premier African Minerals provides RHA tungsten project update

    2014-11-26
    Premier African Minerals Limited has released an update from its 49% owned RHA tungsten project in Zimbabwe.

    The Company reports that the dewatering of the old mine has been completed, consequently the historic underground workings are now accessible.

    The open pit mine design as..
  • Village Main Reef cautions shareholders

    2014-11-26
    In October 2014, Village Main Reef Limiteds Board of Directors resolved to evaluate strategic alternatives to unlock value for its shareholders.

    Shareholders are advised that the strategic review process is still continuing and if concluded successfully, the process may have a material effect on the price of the Companys securitie..
  • 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..
  • Chrometco releases trading statement

    2014-11-26
    Chrometco Limited has released its trading statement for the six months ended 31 August 2014. 

    The Company expects an improvement of 30.4% in Basic loss per Share to 2.22 cents, from a basic loss per share of 3.19 cents reported for the six months ended 31 August 2013.

    ..
  • 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..
  • 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.
  • 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..
  • 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. 
    <..
  • Gunson Resources completes mapping and sampling programme

    2014-11-25
    Gunson Resources Limited has recently completed a two week mapping and pan sampling programme across a number of priority target areas in Tanzania. 

    The programme confirmed the occurrence of known heavy mineral sands drill targets and identified new areas of possible mineralisation and drill targets. 
    &l..
  • 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.
  • 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. 

    <..
  • African Eagle Resources set to acquire Lime-chem Resources

    2014-11-24
    African Eagle Resources Plcs newly incorporated South African subsidiary has entered into a conditional agreement to acquire the total issued share capital of Lime-Chem Resources (Pty) Ltd.

    Lime-Chem Resources operates an iron ore mine in South Africa.

    African Eagle Resources i..
  • 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.

    ..
  • Kinetiko Energy receives gas licenses

    2014-11-21
    Kinetiko Energy Limited has been granted 12 prospecting gas licenses located within the Karoo Kalahari Basin in Botswana.

    The Company selected the licenses after basin studies indicated the potential for deep coal facies within the basin  and related gas in sandstone accumulations. Recent reports of successful flow commence..
  • 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..
  • Kibo Mining issues 1 750 000 new ordinary shares

    2014-11-21
    Kibo Mining Plc has issued 1 750 000 new ordinary shares at 1.5 pence per share to raise proceeds of 26 250.

    The total proceeds will be put toward settling an invoice in respect of advisory services used by the Company. 

    The Company will make an application for the set..
  • Arcelormittal South Africa delays Newcastle Works

    2014-11-20
    Arcelormittal South Africa Limiteds Newcastle Works has experienced unforeseen delays in the commissioning of its Blast Furnace.

    The delays are being attended to and the Company will restart the Blast Furnace following the completion of the reline at the end of October 2014. 

    <..
  • Wescoal Holdings acquires the Sarie Marais Prospecting Right

    2014-11-20
    Wescoal Holdings Limited entered into an agreement with Catwalk Investments (Pty) Ltd for the acquisition of the Sarie Marais Prospecting Right in South Africa. 

    The agreement includes a consent to undertake box cut mining.

    The purchase consideration for the ..
  • Keaton Energy reports a 10% increase in revenue

    2014-11-20
    Keaton Energy Holdings Limited has released its interim results for the six months ended 30 September 2014.

    The Company reported an improved safety performance at its Vanggatfontein and Vaalkrantz operations in South Africa.
    ..
  • Jubilee Platinum acquires additional shares in Pollux Investment

    2014-11-19
    Jubilee Platinum Plc has acquired additional shares in Pollux Investment Holding Proprietary Limited, which has resulted in Jubilee Platinum attaining 100% ownership and maximising its beneficial interest in the ASA-Dilokong Chrome Mine Tailings project in South Africa. 

    Pollux Investment holds the rights for rec..
  • Gemfields releases operational update

    2014-11-19
    Gemfields Plc has released its operational update for the three month period ended 30 September 2014. 

    Gemfields 75% owned subsidiary, Kagem Mining Limited in Zambia, produced 6.3 million carats of emerald and beryl, a decrease when compared to 6.5 million carats produced during the same period of 2013. 
  • 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..
  • Sula Iron and Gold places 585 000 new ordinary shares

    2014-11-18
    Sula Iron and Gold Plc has conditionally raised 585 000 through a placement of 39 000 000 new ordinary shares of 1 pence each in the Company. 

    The Company intends to use the funds to progress its gold and coltan exploration activities in Sierra Leone to pre-drilling stage over the next six months. 
    <..
  • Kunene Resources releases drilling update from Namibia

    2014-11-18
    Kunene Resources Limited has released an update for its Okanihova, Kaoko project in Namibia.
     
    The first diamond borehole completed at the Okanihova copper project indicated extension of a previously drilled water borehole, from 89 metres to 320 metres depth. The borehole was extended to test the remanent magnetic anomaly and passed t..
  • 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..
  • Chrysalis Resources receives drilling results

    2014-11-18
    Chrysalis Resources Limited has received the copper and gold assay results from the reverse circulation drilling programme conducted at the Bulala Hills project in Zambia.

    Results confirm the presence of broad low grade copper-gold mineralisation, which was interpreted to be of sedimentary exhalative origin.
    &l..
  • 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..
  • Magnis Resources reports significant graphite intercepts

    2014-11-18
    Magnis Resources Limited has received the final batch of the assay results from the drilling programme conducted on the Nachu graphite project located in Tanzania.

    139 holes were drilled from 16 801 metres since July 2014. The Company has analysed 14 483 samples from graphitic carbon with the final results received on 06 November 20..
  • 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..
  • Paragon Diamonds sells diamonds recovered from Lemphane

    2014-11-18
    Paragon Diamonds Limited has successfully sold a number of stones which were recovered during the 2013 bulk sampling programme at the Lemphane kimberlite pipe in Lesotho. 

    The diamonds sold included fancy yellow stones which were sold at $2 500 per carat. The sale was part of an exercise to test market demand for diamonds w..
  • Elemental Minerals commences with Dougou Scoping Study

    2014-11-14
    Elemental Minerals Limited has commenced with a Scoping Study on the Dougou deposit located within the Sintoukola permit in the Republic of Congo. 

    The Company has appointed ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH to undertake the Scoping Study and provide a solution mine for the 1.29 billion tonne Dougou..
  • 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..
  • 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,..
  • 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..
  • Lonmin Q4 production results

    2014-11-12
    Lonmin Plc has released a production report for the quarter ended 30 September 2014. 

    The rolling average Lost Time Injury Frequency Rate (LTIFR) for the 12 months to 30 September 2014 improved to 3.34 incidents per million man hours worked compared to 3.50 as at 30 September 2013. This decrease reflects the reduced hours o..
  • 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. 

    &..
  • Arcelormittal South Africa releases an operational update

    2014-11-11
    Arcelormittal South Africa Limited has released its operational update for the quarter ended 30 September 2014.  

    The Company was able to complete the reline of the blast furnace at its operations in Newcastle, which is currently ramping up. The furnace is expected to be in full production by mid-November 2014. Liquid steel..
  • Kibaran Resources releases Epanko Feasibility Study update

    2014-11-11
    Kibaran Resources Limited has released a technical update of its ongoing Feasibility Study being carried out at the Epanko project located in Tanzania. 

    The Company has been conducting testwork to determine the physical characteristics of the Epanko graphite. The testwork revealed an extremely high melting point of 1 305C ..
  • Swala Energy releases update on Block 12B

    2014-11-11
    Swala Energy Limited has released an update following further developments to the Block 12B in Kenya. 

    The Company reported that the farm out of 25% of the participating interest in Block 12B to CEPSA Kenya Limited was finalised in June 2014.  Swala Energy was informed of CEPSA Kenyas decision to withdraw from the..
  • 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..
  • 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..
  • Magnis Resources reports continued exceptional flake graphite results

    2014-11-10
    Magnis Resources Limited has received significant metallurgical results from drilling carried out at the Main Block F area of the Nachu graphite project in Tanzania.

    Approximately 68.5% of the graphite concentrate is in the jumbo flake category with more than 300 microns. The current market price for jumbo graphite flakes amounts to..
  • Gem Diamonds reports a robust financial position

    2014-11-10
    Gem Diamonds Limited has released its interim management statement for the quarter ended 30 September 2014.
     
    The Company reports a strong performance from its Leteng mine in Lesotho, recording 28 365 carats recovered during the period under review. The average value/carat increased slightly from $2 582 reported for Q2 2014 to $2 603..
  • Bushveld Minerals complete assays

    2014-11-10
    Bushveld Minerals Limited has released an update from its vanadium and titanium project in South Africa.
     
    The Company reports all assays of the AB Zone were completed and yielded positive results.
     
    Further infill drilling is set to commence in the coming weeks.
  • 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.

    ..
  • Coal of Africa releases corporate update

    2014-11-07
    Coal of Africa Limited released an update regarding the previously announced equity raise and the Sale and Purchase Agreement for the Mooiplaats colliery.

    All regulatory approvals required by Haohua Energy International (Hong Kong) Resource Co. Ltd, for the first tranche of the equity placement, have been granted. The first tranche ..
  • Jubilee Platinum releases trading update

    2014-11-05
    Jubilee Platinum Plc has released a trading update on its Middleburg operations in South Arica. 

    Operations in Middleburg continued to exceed the Companys expectations as it broke through the record of 900 tonnes of metal produced for the month of October 2014 compared to the previous record of 840 tonnes of metal set in S..
  • Glencore Xstrata releases corporate update

    2014-11-05
    Glencore Xstrata Plc has released its interim management statement and production report for the third quarter of FY2014.

    Copper production for the period under review amounted to 1 149 000 tonnes, representing an 8% increase. The increase in copper production was mainly attributed to the 48% increase in production from the Company..
  • 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.&..
  • Caledonia Mining revises investment plan and production projections

    2014-11-05
    Caledonia Mining Corporation has revised the investment plan and production projections for its Blanket Mine located in Zimbabwe.

    The Companys Board and Management completed a review of alternative expansion and diversification plans and addressed the revised production projections for the Blanket Mine, as well as possible benefits..
  • 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..
  • 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..
  • AngloGold Ashanti releases operational report

    2014-11-04
    AngloGold Ashanti Limited has released its operational report for the quarter and nine months ended 30 September 2014.

    The Company reported normalised Adjusted Headline Earnings of $66 million despite the decreased gold price.

    Production achieved for the period amounted to 1.128..
  • 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 ..
  • Kunene Resources commences with diamond drilling programme

    2014-11-04
    Kunene Resources Limited has commenced with diamond drilling  at Okanihova copper target, Kaoko project Namibia.

    The initial programme will test Induced Polarisation anomalies which were identified at Okanihova SW1 target and Okanihova outcrop. 

    The Induced Pol..
  • 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 ..
  • Goldplat releases operational update

    2014-11-04
    Goldplat Plc has released an operational update for its gold recovery operations in South Africa, Ghana and its Kilimapesa gold project in Kenya. 

    Operations in South Africa for the quarter period ended 30 September 2014 generated an operating profit, following initiatives which were introduced for the quarter period ended ..
  • 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..
  • West African Resources secures funding

    2014-11-04
    West African Resources Limited has signed a Term Sheet with Metals & Energy Capital Division of Macquarie Bank Limited for a two year $5 million convertible loan facility.

    The loan facility will be used to fund the completion of the Feasibility study conducted at the Mankarga 5 Heap Leach gold project located in Burkina Faso..
  • 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..
  • Triton Minerals reports positive drill results from Mozambique

    2014-11-03
    Triton Minerals Limited has received additional solid assay results from the Nicanda Hill deposit in the Balama North project, in Mozambique.

    The new results strengthen the maiden resource currently defined at Nicanda Hill. The average total graphitic carbon at the Macico and Grande high grade zones was reported to be 11%.
  • 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..
  • Green Rock Energy updates from Tanzania

    2014-11-03
    Green Rock Energy Limited has released a quarterly operational report from its operations in Tanzania.

    During the period, Green Rock Energy adjusted its strategy and began focussing on investing in the Tanzanian graphite sector. The Company entered into four agreements to acquire 14 permits in Tanzania. The Company now holds a graph..
  • Trans Hex Group updates on Namaqualand Mines acquisition

    2014-10-31
    Trans Hex Group Limited has reached an agreement with De Beers Consolidated Mines Limited to acquire the assets and liabilities of the Namaqualand Mines.

    The acquisition, to be carried out by Trans Hexs 40% owned subsidiary, Emerald Panther Investments 78 (Pty) Ltd, was conditional upon the fulfillment of several conditions.&nb..
  • Ferrum Cresent releases Q3 2014 update and cash flow report

    2014-10-29
    Ferrum Crescent Limited has released its quarterly activities and cash flow report for the quarter ended 30 September 2014.

    The company is still continuing with the Bankable Feasibility Study for the Moonlight iron-ore project located in South Africa. Discussions to secure the next stage of Black Economic Empowerment partnerships co..
  • 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..
  • Hummingbird Resources receives Yanfolila project drill results

    2014-10-29
    Hummingbird Resources Plc has released all infill and extension drilling results from four pits at the Yanfolila project in Mali. 

    Best results from the Komana West pit included 15 metres at 2.73 g/t gold, 19 metres at 2.29 g/t gold, 11 metres at 8.67 g/t gold and 3 metres at 41.5 g/t gold. 
    &..
  • Strike action commences at DiamondCorps Lace Mine

    2014-10-29
    DiamondCorp Plc has advised shareholders that the members of the Association of Mineworkers and Construction Union (Amcu), working at the Lace Mine in South Africa, began striking at 06h00 on 23 October 2014.

    the strike action followed managements decision to not employ two full-time salaried shop stewards.
    &l..
  • 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..
  • 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.
    &..
  • Coal Of Africa releases quarterly operational report

    2014-10-28
    Coal Of Africa Limited has released an operational report for the quarter ended 30 September 2014. 

    During the period, Coal of Africa continued to work on the applications to amend the Environmental Authorisation for the Vele collier, in South Africa, to include the plant modifications. The company is confident that they wi..
  • 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..
  • Predictive Discovery enters into a Heads of Agreement with Toro Gold

    2014-10-28
    Predictive Discovery Limited has signed a Heads of Agreement with Toro Gold Limited regarding its Cote DIvoire projects.

    As part of the agreement, Toro Gold will spend approximately $1 million to earn 51% in Predictive Discovery Cote DIvoire SARL, a subsidiary of Predictive Discovery. 

    <..
  • Taruga Gold set to commence drilling in Mali

    2014-10-28
    Taruga Gold Limited announced its plans to commence with the planned aircore drilling programme at the Nangalasso and SLAM projects in Mali. 

    The previous drilling programme results included 3 metres at 7.84 g/t and 1 metre at 7.8 g/t gold. The drilling programme is set to follow up on previous trench sampling and strong ge..
  • 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..
  • 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. 
    &..
  • Aquarius Platinum reports revenue of $62 million

    2014-10-28
    Aquarius Platinum Limited has released its operational and financial results for the quarter ended 30 September 2014.

    The group reports an increase in revenue of 3%, from the previous corresponding period, to $62 million.

    On-mine EBITDA increased significantly by 138% to $14.8 m..
  • 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..
  • Otjozondu Mining signs a purchase agreement with Noble Resources International

    2014-10-24
    Otjozondu Mining (Pty) Ltd, a subsidiary of Shaw River Manganese Limited, has signed a purchase contract with Noble Resources International (Pty) Ltd. 

    The purchase agreement entails a sale of 30 000 tonnes of manganese ore from the Otjozondu manganese project in Namibia. 

  • BHP Billitons production increases

    2014-10-23
    BHP Billion Plc has released an operational review for the quarter ended 30 September 2014.

    The group reports a 9% increase in production, with record highs achieved for eight operations and four commodities. The group is on track to deliver total production growth of 16% over the two years to the end of FY2015 as production guidanc..
  • 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..
  • Royal Bafokeng Platinum reports a strong operational performance

    2014-10-23
    Royal Bafokeng Platinum Limited has released a quarterly review and production report for three month period ended 30 September 2014. 

    The company reports an 11% increase in tonnes delivered as well as a 26% increase in tonnes milled for the period under review. 

  • Northam Platinum concludes a R6.6 billion BBBEE transaction

    2014-10-23
    Northam Platinum Limited has finalised a fully funded R6.6 billion ten year secured Broad Based Black Economic Empowerment transaction. 

    The transaction will incorporate a fully funded R4.6 billion equity capital raising as well as secure a 35.4% interest in the company for Historically Disadvantaged South Africans.&nbs..
  • 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 ..
  • 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..
  • 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..
  • Wescoal Holdings releases operational and trading update

    2014-10-22
    Wescoal Holdings Limited released an operational and trading update for the six months ended 30 September 2014. 

    For the period under review, 942 291 tonnes of coal were produced by Wescoal, an increase of 5% when compared to coal production of 895 185 tonnes during the same period of 2013. The trading division recorded an ..
  • 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..
  • Shanta Gold releases Q3 update

    2014-10-22
    Shanta Gold Limited has released a production and operational update for the quarter ended 30 September 2014.

    The company reports a record gold production total of 22 720 ounces, representing a 4% increase from the previous quarter.

    Gold sales amounted to 18 600 ounces at an ave..
  • 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..
  • Stellar Diamonds recovers large diamonds

    2014-10-22
    Stellar Diamonds Plc has announced the recovery of large diamonds from its trial mining programme at the Baoul kimberlite pipe in Guinea.

    196 carats have been recovered to date from the pipe with an average grade of 17 carats per hundred tonnes, which surpasses the original expectations of 13 carats per hundred tonnes.
    &..
  • 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%. 
  • Elemental Minerals release Dougou-Yangala drilling results

    2014-10-21
    Elemental Minerals Limited has announced exceptional results from the phase 1B drilling programme that was carried out at its Sintoukola potash project in the Republic of Congo.

    The programme focused on the Dougou-Yangala area of the project.

    Elemental Minerals intersected the h..
  • 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.

  • 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..
  • Sovereign Metals releases Maiden JORC results

    2014-10-21
    Sovereign Metals Limited has released an update on its Maiden JORC Mineral Resource estimate from the Duwi project in Malawi. 

    The Total Indicated and Inferred Mineral Resource estimate at Duwi included 86 million tonnes at 7.1% total graphic carbon containing 6.13 million tonnes of graphite.  
  • 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..
  • Tiger Resources acquires Kipoi copper project

    2014-10-21
    Tiger Resources Limited has acquired the remaining 40% shareholding in Societe dExploitation de Kipoi SA which owns the Kipoi copper project located in the Democratic Republic of Congo.

    The acquisition follows the drawdown of $50 million against the finance facility with Taurus Mining Finance Fund.

    &..
  • West African Resources reports outstanding gold recoveries

    2014-10-21
    West African Resources Limited has released the results of the metallurgical test work conducted on its Mankarga 5 deposit located in Burkina Faso.

    The company completed three column tests on oxide ore from four metallurgical drill core holes in the Mankarga 5 deposit. Gold recoveries, of up to 90% and averaging 86% in column test w..
  • Kunene Resources completes geophysical survey

    2014-10-21
    Kunene Resources Limited has completed its induced polarisation geophysical survey conducted at the Okanihova copper target in the Kaoko project, Namibia. 

    The preliminary trial at the companys project indicated strong and distinct chargeability anomalies. 

    Th..
  • 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. 
    ..
  • 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. 
  • Premier African Minerals provides PEA update

    2014-10-15
    Premier African Minerals Limited has released an update regarding the Preliminary Economic Assessment for its RHA Tungsten project in Zimbabwe.

    The company has extended the estimated life of mine to 15 years. The pre-tax project net present value at 5% is $183 million.

    The estim..
  • 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% ..
  • Magnis Resources report exceptional results

    2014-10-15
    Magnis Resources Limited, formerly known as Uranex Limited, has released the results of the metallurgical testing that took place at Block F of the Nachu Graphite project in Tanzania.

    56% of the composite ore samples taken indicated a flake weight in the jumbo category, or more than 300 microns. 30% was categorised as medium to larg..
  • Aquarius Platinum terminates sale agreement

    2014-10-15
    On 30 January 2014, Aquarius Platinum Limited entered into a Sale Agreement with a consortium led by the China National Arts & Crafts Corporation regarding its indirect interests in Blue Ridge Platinum (Pty) Ltd and Shebas Ridge Platinum (Pty) Ltd.

    The Sale Agreement was subject to, amongst other things, receiving Chinese G..
  • 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..
  • 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.
  • Sable Mining Africa releases Nimba project update

    2014-10-15
    Sable Mining Africa Limited has released an update from its Nimba iron ore project in Guinea.

    The Nimba project is a high grade bulk Direct Shipping Ore project with a current Resource Estimate of 181.8 million tonnes at 58.8% iron and a Maiden Reserve Estimate of 53.96 million tonnes at 61.6% iron.

    &..
  • Sable Metals & Mineral enters into a shareholders agreement

    2014-10-15
    Sable Metals & Mineral Limiteds subsidiary, Great 1 Line Invest (Pty) Ltd, entered into a shareholders agreement with the Sekutlobyane Landowners Association.

    With the signing of the shareholders agreement, the prospecting right with bulk sampling rights for Vanadium on Portion 3 of the Farm Uitvalgrond, North West became..
  • 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..
  • Endeavour Mining releases Agbaou exploration results

    2014-10-15
    Endeavour Mining Corporation has reported that exploration drilling confirmed the continuity of grades and widths of strike extensions of the Agbaou mineral deposits located in Cote dlvoire.

    The exploration drilling programme began in August 2014 and 165 holes have been drilled to date. The company aimed to confirm and test the exp..
  • 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.

    ..
  • 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..
  • Sierra Rutile releases Q3 operational update

    2014-10-14
    Sierra Rutile Limited has released an operational update for the third quarter ended 30 September 2014.

    Rutile production decreased, quarter-on-quarter, by 3% to 27 078 tonnes, remaining in line with production totals from previous quarters. Ilmenite production increased, quarter-on-quarter, by a significant 19% to 9 986 tonnes.<..
  • Chrometco appoints International Ferro Metals for mining services

    2014-10-14
    Chrometco Limited had entered into negotiations with International Ferro Metals (Pty) Ltd to conclude mining services and ore Sale Agreements on 29 September 2014. 

    Following the first phase of the negotiations, International Ferro Metals was permitted to conduct exploratory drilling in specified areas within the Rooderand ..
  • 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.
  • Beacon Hill Resources signs a Sub-lease Agreement

    2014-10-13
    Beacon Hill Resources Plc has agreed to sub-lease its rolling stock to an undisclosed party with the aim of securing additional cash to support its expansion strategy for its Minas Moatize coking coal project in Mozambique.

    The minimum term for the lease is 12 months, with an option to extend. The undisclosed party will utilise Beac..
  • Jacka Resources announces final investment decision for Aje

    2014-10-10
    Jacka Resources Limiteds wholly owned subsidiary, PR Oil & Gas Nigeria Ltd, and its joint venture partners have take a final investment decision to develop the Aje Cenomanian oil reservoir.

    The resevoir is located within the OML 113 license, offshore Nigeria.

    The Aje De..
  • 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
  • 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..
  • Buffalo Coals Magdalena mine resumes production

    2014-10-08
    Buffalo Coal Corporation has announced that all operations are back in full production following an incident at one of its South African assets.

    In September 2014, the company reported an ingress of water in one of the sections of the Magdalena underground mine. Buffalo Coal initiated emergency procedures and everyone was evacuated ..
  • Kibo Mining raises 855 725

    2014-10-08
    Kibo Mining Plc has received commitments to a share placing of 57 048 352 new ordinary shares at a placing price of 1.5 pence per share to raise a total of GBP 855 725

    Directors and Senior Management at Kibo Mining are participating in the Placement for a total amount of GBP 55 725.

  • Lonmin ramps up full production

    2014-10-08
    Lonmin Plc has successfully achieved completion of the return to full production in two months.

    The company reports that the tonnes mined in both August and September 2014 exceeded production reported in both August and September 2013, being 1.0 million tonnes and 1.04 million tonnes respectively. 
    <..
  • 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.

  • 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.

  • Hummingbird Resources places shares

    2014-10-07
    Hummingbird Resources Plc has successfully placed 4 100 000 new ordinary shares at a price of 45 pence per share to raise 1 845 000.

    The Exploration Capital Partners 2000 Limited partnership subscribed to the 4 100 00 ordinary shares and now hold a 4.8% stake in Hummingbird Resources.

    <..
  • 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..
  • Kasbah Resources extends tin mineralisation

    2014-10-07
    Kasbah Resources Limited has announced that the extensional drilling programme at its Achmmach project has successfully extended the tin mineralisation outside of the current resource model.

    3 diamond holes drilled at the Western Zone Shallows confirmed the presence of deep stacked tourmaline lodes to the west and centre.
  • 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..
  • Green Rock Energy acquires additional exploration licenses

    2014-10-07
    Green Rock Energy Limited has executed two binding option agreements to acquire 10 additional exploration licenses which surround the companys existing licenses in Tanzania. 

    6 out of 10 new graphite exploration licenses are adjacent to the companys highly prospective Makonde license.

  • 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..
  • 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..
  • Kimberley Diamonds update on Botswana operations

    2014-10-03
    Kimberley Diamonds entered into a Joint Venture with Tilwane Services (Pty) Ltd, in July 2014, with respect to two tenements in Botswana.

    The company has already started with soil geochemistry sampling in the area, which is expected to be completed in October 2014 with results expected in December 2014.
  • Sunland Minerals releases update from Orapa operations

    2014-10-03
    Sunland Minerals has released an operating and exploration update from the Orapa project in Botswana.

    Sunland Minerals drilled two boreholes in anomaly AN117/1 and anomaly AN117/2. 

    One borehole drilled in AN117/1 targeted the centre of a complex geophysical anomaly and..
  • 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..
  • 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..
  • Aureus Mining report good grades from Ndablama

    2014-10-02
    Aureus Mining Incorporated has released the results from the 49 holes drilled in the phase four drilling programme at the Ndablama gold project in Liberia.

    Phase four included approximately 19 000 metres of Reverse Circulation and diamond drilling. 

    24 diamond drill hol..
  • 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. 

    <..
  • African Queen Mines set to dispose of Ghanaian assets

    2014-10-02
    African Queen Mines Limited has entered into a Conditional Agreement with a Ghanaian-based resource company for the sale of African Queen Mines subsidiary, AQ Ghana Gold Ltd.

    The Ghanaian-based resource company will purchase 100% of the shares in AQ Ghana Gold, from African Queen Mines, for a cash consideration and a net smelter ro..
  • 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. 

    <..
  • 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..
  • 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..
  • Kibo Mining reports a decrease in the basic loss per share

    2014-10-01
    Kibo Mining has released its interim results for the six month period ended 30 June 2014.

    The company reports a 13% decrease in its basic and dilutive loss per share for the period compared to the previous corresponding period.

    During the period, the company updated its gold Res..
  • 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..
  • Delrand Resources releases operational update

    2014-10-01
    Delrand Resources Limited has released operational and financial results for the year ended 30 June 2014.

    The company reported a net loss of CAD3 487 552, an increase when compared to a net loss of CAD283 776 reported for FY13. The companys net asset value as at 30 June 2014 amounted to CAD1 745 816. Accumulated deficit at the end ..
  • 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..
  • MOD Resources releases preliminary metallurgical results

    2014-09-30
    MOD Resources Limited has reached three important milestones at its 100% owned high grade Mahumo copper/silver project located in Botswana.

    Excellent concentrate grades results were delivered by the preliminary metallurgical test work conducted at Mahumo project. The company reports a grade of 59% copper and 1 900 parts per million ..
  • 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.&..
  • CAMAC Energys recoverable resources in Nigeria increase significantly

    2014-09-30
    CAMAC Energy has announced the results of an independent assessment of four of the companys offshore Nigeria prospects.

    The independent assessment, conducted by DeGolyer and MacNaughton, increased the companys unrisked P50 recoverable resources from 537 million barrels of oil to 2 377 million barrels of oil.
    ..
  • StratMin Global Resources releases interim results

    2014-09-30
    StratMin Global Resources Plc has released its results for the six month period ended 30 June 2014.

    The company successfully completed an equity placement amounting to 2.5 million in March 2014.

    StratMin Global Resources strengthened its balance sheet significantly, during the ..
  • 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. 
  • 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..
  • Burey Gold releases drilling programme update from DRC

    2014-09-30
    Burey Gold Limited has released an update on its drilling programme at the Giro gold project in the Democratic Republic of Congo. 

    The company reports that the refurbishment of the road to the Giro prospect is progressing well and on schedule with drilling expected to commence in a weeks time. The first set of results are ..
  • 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 ..
  • KEFI Minerals revised mine plan verified

    2014-09-26
    KEFI Minerals has announced that its revised mine plan for its Tulu Kapi project, in Ethiopia, has been verified by Snowden Mining Industry Consultants (Pty) Ltd.

    Snowden Mining Industry Consultants also verified the companys increased production target and its plans to re-activate the mining license application with the aim of beg..
  • Newfield Resources confirms Lake Popei is diamondiferous

    2014-09-26
    Newfield Resources Limited has confirmed that the kimberlite discovery at Lake Popei, in Sierra Leone, is diamondiferous. 

    The company recovered four microdiamonds from the tests which were conducted for microdiamond mineralisation on the historical drill core. 

  • Tawana Resources receives ministerial approval

    2014-09-25
    Tawana Resources NL has received approval from the  Ministry of Lands, Mines and Energy to commence with its Mineral Development Agreement negotiations for its Mofe Creek project in Liberia.

    In July 2014, the company successfully completed the Mofe Creek projects sustainable and robust Scoping Study. The Mineral Developmen..
  • 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..
  • Kasbah Resources announces Rights Issue

    2014-09-23
    Kasbah Resources Limited has announced a Rights Issue whereby new shares will be offered at AUD0.07 per share with the aim of raising AUD8 314 165.

    The maximun number of shares that may be issued under the Rights Issue is 118 773 779.

    The Rights Issue will not be underwritten.&l..
  • 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..
  • 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..
  • Botswana Diamonds releases exploration programme update

    2014-09-23
    Botswana Diamonds Plc released an update regarding its exploration programme with Alrosa in Botswana. 

    The company reports that a geological team from Alrosa has already arrived in Botswana and is on site alongside the Botswana team and will commence with drilling in the coming weeks.

  • 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 ..
  • Rockwell Diamonds releases production and sales update

    2014-09-23
    Rockwell Diamonds Incorporated has released a production and sales update for the quarter ended 31 August 2014.

    The company reports generating revenue of $13.2 million through diamond sales during the period, representing a 57% increase from the diamond sales revenue generated in the previous corresponding period.
  • 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..
  • West African Resources receives additional drilling results

    2014-09-23
    West African Resources Limited has received additional high grade gold results from the sulphide drilling conducted at the Mankarga 5 deposit in Burkina Faso.

    Best results yielded from the drilling programme included 2 metres at 28.17 g/t gold from 56 metres, 11 metres at 3.30 g/t gold from 80 metres including 3 metres at 4.27 g/t g..
  • 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..
  • Bauba Platinum suspends exploration

    2014-09-22
    Bauba Platinum Limited has announced that exploration activities have been suspended until sufficient funds can be secured.

    For the year ended 30 June 2014, the company focused on raising funds for exploration activities in a climate that is not conducive to capital raising.

    The..
  • 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..
  • Coal of Africa disposes of Mooiplaats colliery

    2014-09-22
    Coal of Africa Limited has entered into an agreement with a wholly owned subsidiary of Blackspear Holdings (Pty) Ltd for the disposal of the Mooiplaats colliery located in South Africa.

    The company is disposing of the colliery for a gross consideration of R250 million, which is to be paid in two tranches. The two tranches become pay..
  • Magnum Gas & Power completes placement

    2014-09-19
    Magnum Gas & Power Limited has successfully placed 32 500 000 ordinary shares at 1 cent per share to raise GBP325 000.

    The company made the placement to partially fill the shortfall from the recently closed non renounceable entitlement issue.

    Magnum Gas & Power w..
  • 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..
  • Kibo Mining reports sustained progress at its Rukwa Coal to Power project

    2014-09-19
    Kibo Mining Plc has released an update regarding the  Rukwa Coal to Power project located in Tanzania.

    Kibo Mining has completed the conceptual mine design and schedule as well as the conceptual plant design and the conceptual framework for infrastructure and logistics for the project.

  • 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 ..
  • 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..
  • Pan African Resources reports a 44.2% increase in gold sales

    2014-09-17
    Pan African Resources Plc has released its audited provisional results for the year ended 30 June 2013.

    The company reports a 44.2% increase in the amount of gold sold, from 130 493 ounces for FY13, to 188 179 ounces for the year under review.

    Group headline earnings decreased b..
  • Bushveld Minerals releases Scoping Study results

    2014-09-17
    Bushveld Minerals Limited has announced the Scoping Study results from its Mokopane tin project in South Africa.

    The Scoping Study is based in a simple closed circuit multi-stage gravity separation, followed by a small-scale flotation and electrostatic separation and smelting to produce high quality material.
    &..
  • Beacon Hill Resources places shares

    2014-09-17
    Beacon Hill Resources Plc has entered into conditional subscription agreements with certain institutional investors with the aim of raising 1.25 million.

    The agreements place up to 1 250 000 000 ordinary shares at a price of 0.1 pence. The proceeds from the placement will be put toward general working capital purposes.
    &..
  • 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..
  • Waterberg Coal Company releases business update

    2014-09-17
    Waterberg Coal Company Limited released an operational update.

    Waterberg Coal Companys newly acquired subsidiary, Sekoko Coal (Pty) Ltd, entered into a Memorandum of Understanding with Eskom, in March 2014, for the production and supply of 10 million tonnes of coal per annum. In line with the Memorandum of Understanding, Sekoko Coa..
  • Buffalo Coal halts production at Magdalena mine

    2014-09-17
    Operations at Buffalo Coal Corporations Magdalena underground mine, in South Africa, have been suspended following an incident involving the ingress of water. 

    The company initiated emergency procedure and the mine was safely evacuated. Management is currently assessing the impact of the incident on the mine and has inform..
  • Tawana Resources project update

    2014-09-17
    Tawana Resources has released an operational update from its Mofe Creek project in Liberia.

    The company maintains that the economics of the project remain real and robust despite the low current pricing of iron ore and the immediate challenges of the Ebola outbreak in Liberia.

    T..
  • 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..
  • 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..
  • CAMAC Energy releases operations update

    2014-09-16
    CAMAC Energy Incorporated released an update regarding its operations in Africa.

    The company commenced with the offshore installation campaign at the Oyo field expansion project, in Nigeria, using the Normand Pacific installation vessel. The campaign consists of the recovery and relocation of umbilicals and flexible flowlines. CAMAC..
  • 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 ..
  • 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..
  • Cardinal Resources discovers additional gold zone

    2014-09-16
    Cardinal Resources Limited has discovered a third sub-parallel zone of high grade gold mineralisation at its Namdini mining license in Ghana. 

    The second sub-parallel zone was discovered during phase 11 reverse circulation drilling at the Namdini project area.

    The compa..
  • Bassari Resources updates on project funding

    2014-09-15
    Bassari Resources Limited has received commitments from eligible shareholders which will raise AUD556 414 at AUD0.02 cents per new share.

    The Directors of the company are in advanced discussions with investors who are interested in taking the shortfall shares. A total of 201 747 529 shortfall shares will be available under the initi..
  • 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..
  • AngloGold Ashanti plans to restructure in 2015

    2014-09-11
    AngloGold Ashanti Limited has received approval from the South African Reserve Bank to restructure its international mining operations under a new UK holding company.

    The company intends for the new UK holding company, Newco, to hold AngloGold Ashantis gold exploration and production assets that are located outside of South Africa...
  • Petmin reports robust operating performance for FY14

    2014-09-11
    Petmin Limited released its condensed consolidated preliminary financial statements for the year ended 30 June 2014.

    Normalised profit after tax increased by 24% to 17.63 cents per share, from 14.26 cents per share reported for FY13, despite a 27% reduction in at-mine-gate export prices. 

    <..
  • 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 ..
  • 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 ..
  • LP Hill raises 405 000

    2014-09-10
    LP Hill Plc has successfully raised 405 000 through a subscription for new ordinary shares by an existing substantial shareholder, Kijani Resources Limited.

    The shares were sold at a price of 40.5 pence per share. The subscribed shares are worth 2.54% of LP Hills enlarged issued share capital and are subject to admission for tradi..
  • Premier African Minerals releases an RHA tungsten project

    2014-09-10
    Premier African Minerals Limited has released an operational update from its RHA tungsten project in Zimbabwe.

    The company is in the process of adopting a phased implementation strategy at its RHA tungsten project, consisting of four work programm..
  • Bauba Platinum expects a loss

    2014-09-10
    Bauba Platinum Limited has released its trading statement for the financial period ended 30 June 2014. 

    The company expects a loss per share of between 7.0 cents and 8.5 cents. Headline loss per Share is expected to be between 3.7 cents and 5.2 cents, in comparison to a loss per Share and Headline loss per Share of 7.5 cent..
  • 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 Consolidated Resources releases final results

    2014-09-10
    African Consolidated Resources Plc released its final results for the period ended 31 March 2014. 

    The company experienced a loss of $11.7 million due to continuing mine development and exploration programmes. The loss to 31 March 2014 also includes an impairment provision of $6.7 million regarding exploration project, whic..
  • 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 ..
  • Wesizwe Platinum releases interim results

    2014-09-09
    Wesizwe Platinum Limited has released its operational and financial results for the six month period ended 30 June 2014.

    The company reports 550 787 fatality free shifts were achieved at the Bakubung project in South Africa. By the end of the period, the main shaft reached a depth of 581 metres and the vent shaft reached 693 metres...
  • Tawana Resources releases interim results

    2014-09-09
    Tawana Resources NL has released its interim results for the half year ended 30 June 2014.

    The company reported an operational loss for the period of AUD 1 223 879, a marginal increase from the operational loss of AUD1 132 567 for the corresponding period of 2013.

    Tawana Resourc..
  • OGI Group acquires a diamond license

    2014-09-09
    OGI Group Limited is set to acquire a 51.8% stake in a diamond license, in Mozambique, through acquiring shares in Sese Diamonds (Pty) Ltd.

    The company will enter into a Share Purchase Agreement with the Shareholders of Sese Diamonds (Pty) Ltd, the current holder of the 4525L license, with the aim of acquiring 74% of the issued shar..
  • 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.
    &..
  • Celamin appoints a new Director

    2014-09-08
    Celamin Holdings Limited has appointed Gary Scanlan as a Non-Executive Director of the Board and Chairman of the Audit Committee.

    Scanlan has extensive experience in the mining industry and his expertise lie in capital markets and financial management. In addition to his new roles, he has also agreed to serve as Deputy Chairman of t..
  • 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.
    <..
  • Green Rock Energy receives high grade assay results

    2014-09-08
    Green Rock Energy Limited has received excellent results from the rock chip and trench sampling conducted the Mahenge project in Tanzania.

    The samples confirm high grade graphite up to 35.5% total graphitic carbon. 17 rock chips were sampled with 14 returning greater than 10% total graphitic carbon, 3 of which were greater than 30% ..
  • KEFI Minerals secures 100% ownership over Tulu Kapi project

    2014-09-08
    KEFI Minerals Limited has advised shareholders that it was acquired the remaining 25% of the Tulu Kapi gold project in Ethiopia, from Nyota Minerals Limited.

    Shareholders of Nyota Minerals Limited, a subsidiary of KEFI Minerals Limited, approved the sale of the 25% stake in the project on 3 September 2014.
    <..
  • 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. 
    ..
  • Predictive Discovery completes Maiden Mineral Resource Estimate

    2014-09-08
    Predictive Discovery Limited has advised shareholders of the formal Maiden Mineral Resource Estimate for its Bongou gold prospect in Burkina Faso. 

    The company reports a high-grade Maiden Mineral Resource Estimate of 2.2 million tonnes at 2.6 g/t gold for 184 000 ounces. 136 000 ounces are reported to have an average grade ..
  • 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.
  • Rand Mining suspends exploration activities

    2014-09-05
    Rand Mining Limited has suspended all exploration activity in Liberia following the State of Emergency announcement regarding the Ebola outbreak.

    The State of Emergency announcement was released on 6 August 2014 by President of Liberia, Ellen Johnson Sirleaf.

    Following the annou..
  • 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..
  • 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..
  • Central Rand Gold partners with a machinery manufacturer

    2014-09-03
    Central Rand Gold Limited has advised shareholders that it has entered into a non binding Memorandum of Understanding with Zhejiang Golden Machinery Plant.

    The Memorandum of Understanding outlines a strategic partnership whereby Zhejiang Golden Machinery Plant will assess Central Rand Golds metallurgical plant and determine if it c..
  • 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..
  • Legend Gold halt operations in the Republic of Congo

    2014-09-03
    Legend Gold Corporation has stopped all exploration and other activities at its Republic of Congo operations following a report received from the companys geologists.

    The report indicated that small scale operations were not viable under the current market conditions. 

  • 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..
  • Robex Resources on schedule for production at Nampala mine

    2014-09-03
    Robex Resources Incorporateds Nampala mine, in Mali, is set to commence with production as set out in managements discussion and analysis report for the quarter ended 30 June 2014.

    Following the commissioning of the ore processing plant in May 2014, the company reports having achieved a capacity of 2 500 tons per day at the Nampal..
  • True Gold Mining releases financial results

    2014-09-03
    True Gold Mining Incorporated has released its financial results for the six month period ended 30 June 2014.

    The company reports that it has secured $120 million in funding from Franco-Nevada Corporation and Sandstorm Gold Incorporated, which will assist the company in funding its Karma project, in Burkina Faso; the funding will al..
  • Wesizwe Platinum expects a decrease in earnings

    2014-09-02
    Wesizwe Platinum Limited has released its trading statement for the six month period ended 30 June 2014.

    The company expects a basic loss per share attributable to ordinary shareholders of between 0.1 and 0.5 cents per share, compared to a basic loss per share of 5.80 cents reported for the previous corresponding period.  &..
  • 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.

    <..

  • Discovery Metals announces recapitalisation

    2014-09-02
    Discovery Metals Limited has advised shareholders of its intention to undertake a 2 for 1 renounceable rights issue.

    The company will rights issue is at AUD0.02 per new Discovery Metals share and one option for every new share under the rights issue at an exercise price of AUD0.05 within 12 months of the issue date.
  • 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..
  • 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...
  • Stratex reports further positive results from Tanzania

    2014-09-01
    Stratex International Plc has released the results from its 2014 drilling programme carried out at it Nyakagwe Village target in Tanzania.

    The best results include: 35.14 g/t gold over 2.45 metres from 53.35 metres including 167 g/t gold over 0.50 metres and 2.74 g/t gold over 8.50 metres from 53.00 metres including 10.57 g/t gold o..
  • 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..
  • MOD Resources raises AUD2 million

    2014-08-29
    MOD Resources Limited has raised AUD2 million in a two tranche placement, following the recent positive results from the companys Kalahari copper project in Botswana. 

    The company plans to use the funds from the placement for infill and extensional drilling programmes at its 100% owned Mahumo copper/silver project, in Bots..
  • 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 ..
  • Birimian Gold identifies 15km gold trend in Liberia

    2014-08-29
    Birimian Gold Limited has released the final analytical results from the exploration campaign conducted at the Basawa gold project in Liberia. 

    The results confirmed a 15km gold trend which hosts multiple gold prospects. High priority targets have been identified for trenching, channel sampling and maiden drill testing at t..
  • Perseus Mining releases updated Mineral Resource Estimates

    2014-08-28
    Perseus Mining Limited has released updated Mineral Resource Statements following infill drilling conducted at the Edikan gold mine in Ghana. 

    The company adjusted previous Mineral Resources Statements to the mining surface as at 30 April 2014, following which the overall net decrease in Mineral Resources was approximately ..
  • 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..
  • DiamondCorp reports a net loss for H1 2014

    2014-08-28
    DiamondCorp Plc has released its interim results for the six month period ended 30 June 2014.

    Capital expenditure on underground development and mine infrastructure at the Lace mine, in South Africa, amounted to R76.8 million.

    The company revised its development budget and sched..
  • Kenmare Resources reports record production of finished products

    2014-08-27
    Kenmare Resources Plc has released its half year results for the six month period ended 30 June 2014.

    The company reports a 47% increase, from H1 2013, in ilmenite production to 445 600 tonnes and a 12% increase, from H1 2013, in zircon production to 21 400 tonnes. 

    Ken..
  • 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 ..
  • African Consolidated Resources extends date of Dalny mine acquisition

    2014-08-26
    African Consolidated Resources Plc has agreed with Falcon Gold Zimbabwe Limited to an additional extension to the date of payment for the purchase of the Dalny mine, in Zimbabwe.

    Both parties have agreed to extend the final payment date to 31 October 2014, at which time African Consolidated Resources is to pay the outstanding $7.5 m..
  • 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..
  • Exxaro Resources releases interim results

    2014-08-26
    Exxaro Resources Limited has released its results for the six month period ended 30 June 2014.

    The company reports zero fatalities during the period under review, bringing the total up to 20 consecutive months without a fatality.

    Coal production amounted to 18.8 million tonnes w..
  • 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..
  • Sylvania Platinum releases full year results

    2014-08-26
    Sylvania Platinum Limited has released its preliminary results for the full year ended 30 June 2014.

    The group reports revenue to have increased by 18% from $40.0 million reported for FY13 to $47.2 million for FY14.

    EBITDA from the groups dumping operations increased by 29% yea..
  • Coal of Africa places shares

    2014-08-26
    Coal of Africa Limited has opened a private placement to new and existing investors with the aim of raising approximately GBP38.225 million.

    The company will issue up to 695 000 000 new shares at a price of GBP0.055 per share. 

    The placement will be carried out in two s..
  • 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..
  • Prospect Resources successfully completes placement

    2014-08-25
    Prospect Resources Limited has successfully raised AUD1 078 748 through the issuing of approximately 71.9 million shares at 1.5 cents each. 

    The shares were placed to a South African company, Armoured Fox Capital (Pty) Ltd, which is represented by Sithembiso Mthethwa and Manana Nhlanhla. Armoured Fox Capital will become a m..
  • 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..
  • Universal Coal granted mining right

    2014-08-25
    Universal Coal Plc has been granted a mining right over the Brakfontein coal project by the Department of Mineral Resources in South Africa.

    Pursuant to securing the mining right and the National Environmental Management Act license, the company n..
  • Gold Fields releases Q2 2014 results

    2014-08-25
    Gold Fields Limited has released its unaudited results for the quarter ended 30 June 2014.

    Normalised earnings from continuing operations amounted to $25 million, an increase of $4 million when compared to the $21 million recorded for Q1 2014 and a significant increase from the loss of $36 million reported for the previous correspon..
  • 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..
  • Kibo Mining releases an update on the Rukwa coal to power project

    2014-08-25
    Kibo Mining Plc has released an update regarding the Definitive Feasibility Study conducted at the Rukwa coal to power project located in Tanzania.

    The company reports that phase 1 of stage 1 of the Definitive Feasibility Study is currently underw..
  • AngloGold Ashanti to delist on LSE

    2014-08-20
    AngloGold Ashanti Limiteds Board of Directors has requested to have its ordinary shares and depositary interests delisted from the main market of the London Stock Exchange Plc.

    The Board has also resolved to terminate its UK depositary interest programme which was established in 2012 to facilitate trading of the companys shares on..
  • 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 ..
  • 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..
  • African Consolidated Resources to acquire Dalny mine

    2014-08-20
    African Consolidated Resources Plc has received notice that the proposed acquisition of the Dalny mine and associated infrastructure, in Zimbabwe, has been duly passed by Falcon Gold Zimbabwe Ltd shareholders.

    The deadline for payment of the outstanding consideration, $7.5 million, has been extended until 22 August 2014.
    ..
  • 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..
  • 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,..
  • Oando Energy Resources reports 19.5% increase in production

    2014-08-18
    Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has released its financial and operational results for the six month period ended 30 June 2014.

    The company reports an increase in production from existing assets from 687 757 barrels, for the six months ended 30 June 2013, to 821 786 barrels for the period under review..
  • KEFI Minerals reports on Tulu Kapi gold resource

    2014-08-18
    KEFI Minerals has independently verified the updated JORC Mineral Resource for its Tulu kapi gold project in Ethiopia.

    The company reports a total Indicated and Inferred Resource of 23.7 million tonnes at 2.51 g/t gold for 1.9 million ounces gold.<..
  • 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..
  • Hummingbird Resources obtains $10 million bridge facility funding

    2014-08-18
    Trochilidae Resources, a wholly owned subsidiary of Hummingbird Resources Plc, has drawn down the full amount of $10 million available under the Taurus Mining Finance Fund Bridge facility. 

    The bridge facility is the first of the two phase debt facility, which will enable Hummingbird Resources to fund the construction of th..
  • 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. 

  • Kasbah Resources intersects high grade tin

    2014-08-18
    Kasbah Resources Limited has completed an infill drilling programme on the Sidi Addi trend of the Achmmach tin project located in Morocco. 

    Four diamond holes were drilled, which intercepted high grade tin at shallow depths. 

    Best down hole intercepts include: ..
  • Shaw River Manganese obtains funding for Otjozondu project

    2014-08-15
    Shaw River Manganese Limited has entered into an agreement with Bryve Resources (Pty) Ltd to receive funding for the development of the companys 100% owned Otjozondu manganese project located in Namibia

    Bryve Resources has agreed to p..
  • BHP Billiton updates on portfolio simplification

    2014-08-15
    BHP Billiton has released an update regarding its ongoing focus on simplifying its portfolio and its pursuit of making the company simpler and more productive.

    The company is actively studying the next phase of simplification, including structural options. BHP Billiton wishes to retain the benefits of diversification and therefore m..
  • 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,..
  • Avocet Mining places shares

    2014-08-14
    Avocet Mining Plc has placed 9 950 000 new ordinary shares with existing investors at a price of 7.13 pence per share to raise approximately $1.2 million.

    The issue price for the shares represents a 5% discount to the closing price of 7.51 pence per share on 13 August 2014.

    The ..
  • Harmony Gold reports solid performance for FY14

    2014-08-14
    Harmony Gold Mining Company Limited has released its financial results for the year ended 30 June 2014.

    The company reports a year on year increase of 3% in gold production to 36 453kg. All-in-sustaining costs decreased, year on year, by 4% to R413 433/kg. Underground recovered grade improved 5% to 4.77 g/t gold. Total capital expen..
  • Stellar Diamonds releases update from Guinea operations

    2014-08-13
    Stellar Diamonds Plc has released an operational update from its Baoul kimberlite project located in Guinea.

    Currently the company is using its existing Guinea mining plant and equipment with the aim of fast tracking the project with first commissioning ore expected to be process in September 2014.

    &..
  • 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..
  • Tjate Platinum Corporation submits final Environmental Impact Assessment

    2014-08-13
    Tjate Platinum Corporation (Pty) Ltd, a subsidiary of Jubilee Platinum Plc, has submitted its Environmental Impact Assessment and Environmental Management Programme to the Department of Mineral Resources for its Tjate platinum project in South Africa.

  • African Eagle Resources suspends trading

    2014-08-13
    African Eagle Resources Plc has announced the suspension of trading on AIM and AltX resulting from the company not completing acquisitions which constitute a reverse takeover under the AIM rules. 

    The company is currently in the process of implementing its investing policy. Should the company be unable to implement the poli..
  • 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..
  • Aquarius Platinum delivers on its objectives for FY2014

    2014-08-12
    Aquarius Platinum Limited has released its preliminary results for the year ended 30 June 2014.

    Key financial points for the year included a significantly strengthened balance sheet, resulting from the conclusion of rights issue and the repurchase of bonds, which alone generated $11 million in profit.
  • 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..
  • Camac Energy releases Q2 2014 results

    2014-08-12
    Camac Energy Incorporated has released its financial and operating results for the quarter ended 30 June 2014. 

    During the period under review, the company commenced with the drilling programme for the Oyo-8 well which is located offshore Nigeria. The well was drilled to a total depth of 6 059 feet and successfully intersec..
  • 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..
  • IMX Resources updates on Nachingwea project

    2014-08-11
    IMX Resources Limited has received notification from MMG Exploration Holdings Limited stating that it will not exercise its right to proceed to stage 2 of the joint venture agreement at the Nachingwea property in Tanzania.

    MMG Exploration Holdings..
  • African Potash secures $3 750 000 for the Lac Dinga potash project

    2014-08-11
    African Potash Limited has entered into a convertible securities issuance deed with Bergen Opportunity Fund, LP, regarding the issuance of zero coupon convertible securities.

    The convertible securities have a nominal value of up to $3 750 000 and will be payable in four tranches. 

  • Botswana Diamonds to commence drilling

    2014-08-11
    Botswana Diamonds Plc has announced that the drilling programme on Prospecting Licence No PL117/2011 in Orapa, Botswana, will commence in the third week of September 2014. 

    The programme will focus on two specific targets, AN117/1 and AN..
  • Kogi Iron completes placement of shares

    2014-08-11
    Kogi Iron Limited and its 100% owned subsidiary, KMC Mining Limited, have  placed the remaining 14.7 million fully paid ordinary shares at AUD0.03 per share.

    These Shortfall Share are expected to raise an additional AUD0.440 million pursuant to the 1:5 non-renounceable entitlement offer that closed in July 2014. &l..
  • Tawana Resources suspends field activities in Liberia

    2014-08-11
    Tawana Resources NL has advised shareholders that all non-essential field activities in Liberia have been suspended, due to the current health risk associated with the recent outbreak of the Ebola Virus Disease. 

    The Pre-Feasibility Study, which does not require direct field presence, will continue to be progressed.
  • 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..
  • AngloGold Ashanti reports a 17% increase in output

    2014-08-11
    AngloGold Ashanti Limited has released its production results for the three month period ended 30 June 2014.

    AngloGold Ashanti further reported that no fatalities occurred across any of its 11 operations during the quarter. This is the first time since 2010 that no fatalities have been reported. The all injury frequency rate improve..
  • 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. 
  • 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..
  • Randgold Resources achieves record production

    2014-08-07
    Randgold Resources Limited has achieved another record production from its  Loulo-Gounkoto complex in Mali, which sees the company reaching the halfway mark to achieving its guidance for the year.

     
    The Loulo-Gounkoto complex recorded production of 174 052 ounces of gold. Other highlights incl..
  • Oando successfully completes $1.5 billion acquisition

    2014-08-06
    Oando Plc has completed its acquisition of ConocoPhillips Nigerian Upstream oil and gas business for a total consideration of $1.5 billion. 

    The acquisition of the Nigerian oil and gas businesses includes both the onshore business, Phillips Oil Company Nigeria Limited and offshore businesses Conoco Exploration and Producti..
  • 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..
  • 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 ..
  • 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..
  • Orbis Gold secures Korhogo West permit

    2014-08-05
    Orbis Gold Limited has been granted the 380km Korhogo West exploration permit located in the northern region of Cote dIvoire.

    The Korhogo West permit is located along the Banfora greenstone belt which hosts the multi-million ounce Tongon and Banfora gold deposits. 

    Th..
  • 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...
  • Giyani Gold extends exclusivity period

    2014-08-04
    Giyani Gold Corporation remains in exclusive negotiations with a private international energy company and has extended the period of exclusivity to 15 August 2014. 

    Both companies continue to negotiate the terms and conditions for the transaction, as they work towards completing the agreement.
  • 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 ..
  • Kenmare Resources releases update on debt financing

    2014-08-04
    Kenmare Resources Plc has agreed on an amendment to the project financing terms for the Moma mine in Mozambique. 

    The amendment eliminates the requirement to make scheduled principal payments of senior debt and payments of interest and principal of subordinated debt, which are due in August 2014, February 2015 and August 20..
  • Sula Iron & Gold releases results from Ferensola project

    2014-08-04
    Sula Iron & Gold Plc has released an operational update from its 100% owned Ferensola iron ore project in Sierra Leone. 

    The results from the final three batches of the direct shipping ore drill programme, yielded; BHDD159, 8 metres ..
  • 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..
  • Lonmin enters into a binding agreement

    2014-08-01
    Lonmin Plc has entered into a binding agreement with the Bapo ba Mogale Traditional Community regarding a series of transactions. 

    The transactions will enable the groups relevant companies to meet the South African government requirements regarding Black Economic Empowerment targets. Under the agreement, the Bapo ba Mogal..
  • 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. 
  • North River Resources granted environmental clearance

    2014-08-01
    North River Resources Plc has been granted environmental clearance by the Namibian Ministry of Environment and Tourism for the Environmental Assessment and Environmental Management Plan for the proposed re-commissioning of its Namib lead zinc mine in Namibia.

  • Aureus Mining closes International Finance Corporation placement

    2014-07-31
    Aureus Mining Incorporated has advised shareholders that it has closed the subscription by International Finance Corporation for 24 520 296 units at an issue price of 0.27 per unit.

    Each unit comprises of one common share and half of one common share purchase warrant. Each full warrant entitles the holder to purchase one share at a..
  • 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..
  • Predictive Discovery upgrades Bongou prospect potential

    2014-07-31
    Predictive Discovery Limited has released the results from the drilling and trenching that took place on its Bongou gold prospect in Burkina Faso.

    The company has identified five additional gold mineralised targets surrounding its Bongou prospect..
  • African Potash provides drilling programme update

    2014-07-30
    African Potash Limited has released an update regarding the drilling activities being conducted at its Lac Dinga Potash project located in the Republic of Congo.


    In June 2014, the company appointed RCT srl to undertake a maiden 1 000 metre diamond drill programme. African Potash has reported that the..
  • Cardinal Mining Services signs agreement with Savannah Mining Ghana

    2014-07-29
    Cardinal Resources Limited has announced that its 100% owned subsidiary, Cardinal Mining Services Limited, has entered into a Heads of Agreement with Savannah Mining Ghana Limited for the provision of mining support services to Ghanaian mining license holders. 

    Savannah Mining Ghana has signed a strategic agreement with Nam..
  • 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..
  • Anglo American reports solid performance for H1 2014

    2014-07-28
    Anglo American Plc has released its financial results for the six month period ended 30 June 2014. 

    The group continued to perform well during the period under review despite weaker commodity prices. Higher volumes were achieved across most of the portfolio, with a 2% decrease in cash costs, in real terms. Group underlying ..
  • 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...
  • Lonmin releases Q3 production results

    2014-07-28
    Lonmin Plc has released its Q3 2014 production results for the quarter ended 30 June 2014 and an interim management statement covering the period from 1 April 2014 to 25 July 2014. 

    The company reports that 90% of all their employees have returned to work and production has commenced. To date the company has incurred costs ..
  • 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..
  • 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..
  • 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 ..
  • 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..
  • Stratex International to subscribe to GoldStone Resources shares

    2014-07-23
    GoldStone Resources Limited has announced that Stratex International Plc has proposed to subscribe to 20 833 333 new ordinary shares at a price of 6 pence per share.

    The subscription will take place after the completion of the proposed 1 for 10 Share Consolidation.

    Following the..
  • Bushveld Minerals announces Scoping Study results

    2014-07-23
    Bushveld Minerals Limited has completed the Scoping Study for its Bushveld Vanadium project in South Africa.

    The study revealed robust economics for a 1 million tonne per annum run-of-mine which is targeting10 370 tonnes of vanadium oxide. The study demonstrated a low capital expenditure of 261.5 million, a pre-tax Net Present Value..
  • 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. 

  • Anglo American Platinums production decreases by 40%

    2014-07-23
    Anglo American Platinum Limited released its production report for the second quarter ended 30 June 2014.

    The company reports a 40% decrease in total equivalent refined platinum production to 358 000 ounces. The substantial decrease is attributed to the five month long industrial action which affected the companys Rustenburg, Amand..
  • 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..
  • 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..
  • Aquarius Platinum concludes wage agreements

    2014-07-22
    Aquarius Platinum Limited has announced that Aquarius Platinum (South Africa) (Proprietary) Limited, its wholly owned subsidiary, has reached separate three year wage agreements.

    The wage agreements were concluded with the National Union of Mineworkers (NUM) and Solidarity for their respective members working at Kroondal mine, in So..
  • Royal Bafokeng Platinum concludes a wage agreement with NUM

    2014-07-21
    Royal Bafokeng Platinum Limited has successfully concluded a wage agreement with the National Union of Mineworkers (NUM), who represent the companys permanent employees.

    The new wage agreement applies to all employees within the the A to D1 categories and will be implemented in two phases. The first phase will be from 1 July 2014 u..
  • 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..
  • Keaton Energy releases quarterly production update

    2014-07-21
    Keaton Energy Holdings Limited released its quarterly production report for the period ended 30 June 2014.

    The companys Vanggatfontein Colliery, in South Africa, delivered 617 324 tonnes of washed 2-seam and 4-seam thermal coal to Eskom, represen..
  • 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..
  • Triton Minerals successfully completes $8.5 million placement

    2014-07-21
    Triton Minerals Limited has announced the successful completion of a placement to investors of 17 million fully paid ordinary shares at a price of $0.50 per share to raise $8.5 million. 

    Following the successful $8.5 million capital raising the company will accelerate exploration activities and studies at Balama North. The ..
  • 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..
  • MOD Resources releases update on Mahumo project

    2014-07-21
    MOD Resources Limited has released an update on its Mahumo copper/silver project, located in Botswana. 

    After previous drilling conducted at the project had confirmed the copper/silver mineralisation, a preliminary conceptual study has been undertaken with the aim of evaluating the potential for development of the West and ..
  • Buffalo Coal Corporation announces changes to the Board

    2014-07-21
    Buffalo Coal Corporation has announced the resignation of Bernard Wilson from the Board of Directors, with effect from 07 July 2014. 

    Wilson served on the Board as a Director and the Chairman of the Governance Committee.

    The company wishes to thank Wilson for his contri..
  • Anglo American releases quarterly production report

    2014-07-18
    Anglo American Plc has released a production report for the quarter ended 30 June 2014.

    Production from the groups subsidiary, Kumba iron ore, increased by 2% to 11.5 million tonnes following satisfactory performances at the Sishen and Kolomela mines. Waste removal at the Sishen mine was an operational focus for the period under re..
  • Kumba Iron Ore releases quarterly update

    2014-07-18
    Kumba Iron Ore Limited has released a production and sales update report from its subsidiary, Sishen Iron Ore Company (Proprietary) Limited, for the quarter ended 30 June 2014.

    Total production increased to 11.5 million tonnes for the period, representing a 2% increase when compared to Q2 2013 and a 1% increase when compared to Q1 2..
  • 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..
  • 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..