Cluff Gold (TSX:CFG) (AIM:CLF), a gold miner focused mainly in West Africa, announced on Friday that it will buy Orezone Gold’s Sega gold project mining licences and property in Burkina Faso for 11-million shares and $15-million in cash.
Africa Mining News
Glencore International is in talks with Xstrata to merge in a deal that would create a $80 billion rival to BHP Billiton, Vale, Rio Tinto and China's Shenhua. Here's a wrap-up of what people are saying about the birth of the globe's first vertically integrated resource giant.
Preparatory work has been completed at the Kibali gold project in the Democratic Republic of Congo, where first gold production is scheduled for the end of 2013.
llana Potash Corp (TSX:AAA) is pleased to announce that it has closed its previously announced public offering of common shares of the Company. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.
Pathfinder Minerals, an Aim-listed natural resources company, mines heavy mineral sands on the coast of Mozambique.
Times of Zambia reports that the Zambian government is planning to increase its share of mining firms from 20% to 35% but is not planning a wholesale nationalization.
Originally the Bogoso/Prestea oxide plant in Ghana operated from 1990 to 2008, until it was sidelined due to a lack of an adequate oxide ore supply required to keep the plant afloat. After three years of being put on care and maintenance, Golden Star Resources (TSX:GSC) (AMEX:GSS) announced the re-commissioning of the oxide plant at Bogoso/Prestea, a move that’s expected to generate up to 70,000 ounces of gold in 2012.
Goldrush Encounters Gold Mineralization in RAB Drilling Program on Pompoi Permit, Contiguous With Roxgold's Yaramoko Project in Burkina Faso
Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the "Company") is pleased to announce the results of a shallow Rotary Air Blast ("RAB") drilling program on the Company's Pompoi permit which is contiguous with and to the east of Roxgold Inc.'s ("Roxgold") Yaramoko permit.
BHP Billiton Limited (ASX:BHP) said Wednesday that it is selling its 37% non-operated interest in South African mineral sands venture Richards Bay Minerals to partner Rio Tinto PLC (LON:RIO). With this move, BHP is officially leaving the titanium minerals industry.
Junior miner London Mining’s stocks (LON:LOND) went up almost five per cent today as the company announced two major milestones: the first shipment of iron ore from its Marampa project in Sierra Leone and the commencement of production of coking coal in Colombia.
Aquarius Platinum CEO, Stuart Murray, announced frustration with the platinum industry due to strikes, regulatory hurdles and PGM oversupply.
- Namibia Licence Renewals Completed- Analyses Received for Namibia Drilling- Dome Airborne Geophysical Survey Contract Signed- Athabasca Exploration Underway
La Mancha Resources Inc is pleased to report that its wholly-owned properties in Côte d'Ivoire have returned very promising drill results.
Argus receives title and uranium licence for the large-scale, drill-ready Kaituma uranium/gold project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Argus Metals Corp. (the "Company" or "Argus") (TSX VENTURE:AML) reports that the Guyana Geology and Mines Commission has granted and signed Argus' PL29/2011 licence. This licence allows for the exploration of uranium, gold and precious elements. PL29/2011 is west of, and contiguous with Argus' PL53/2009 licence, which also allows for the exploration of uranium, gold and precious elements. With PL29/2011 in place, Argus now holds the full 10 x 1 kilometre extent of the Kaituma uranium target and plans to execute a drill program on the project as soon as technically and financially feasible.
International environmental firm SLR Consulting continues to expand the services it offers in southern Africa with the acquisition of Bittner Water Consult (BIWAC), a groundwater consulting firm based in Namibia.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2012) - First Quantum Minerals Ltd. ("First Quantum" or the "Company" or "FQM") (TSX:FM)(LSE:FQM) is pleased to announce the signing of a US$1 billion senior term and revolving facilities...
The company will supply a total of 44 wind turbines for two wind power plants in Morocco to the customer Nareva Holding.
Wits Gold together with Pan African Resources to acquire the operating Evander Gold Mine from Harmony for ZAR1.7 billion
Witwatersrand Consolidated Gold Resources Limited ('Wits Gold') and Pan African Resources plc ('Pan African'), collectively the 'Consortium' announced today that they have entered into an agreement with Harmony Gold Mining Company Limited ('Harmony') to acquire 100% of Harmony's interest in Evander Gold Mines Limited ('Evander'), in a 50/50 joint venture, for a total Transaction consideration of ZAR1.7 billion (C$210 million 1) less any distributions made by Evander to Harmony prior to the closing date of the Transaction.
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce that it has completed the first phase of the exploration program at the Company's Steenkampskraal rare earth property in South Africa.
Endeavour Mining reports Q4 and full year 2011 gold production and 2012 guidance for production, development and exploration
Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it met 2011 production targets with Q4 gold production of 24,010 ounces from its Nzema operations in Ghana and 21,586 ounces from its Youga operations in Burkina Faso. Total annual production for 2011 was 177,290 ounces of gold at a cash cost per ounce of $614 (excluding royalties), comprised of 90,026 ounces from Nzema and 87,264 ounces from Youga
Brazilian mining giant Vale has promised to solve within six months all the problems faced by households resettled from the area where Vale is now mining coal in Moatize district, in the western Mozambican province of Tete. A total of 717 households were resettled at Cateme, about 35 kilometres from Moatize town. Many of these families have protested that the houses they were given are shoddily built. Cracks have appeared in the walls and the roofs are leaking.
BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation.
Interest in the burgeoning African mining industry continues to increase, with this year marking the eighteenth annual Investing in African Mining Indaba, and numerous contracts being awarded to mining suppliers.
Two miners died at South Africa's Modikwa Platinum underground mine after a cave-in, bringing the number of workers killed at mines in the country this year to more than 10, the National Union of Mineworkers said Saturday.
Focused coal mining investment and production company Continental Coal Limited provide an update to shareholders on the continued strong performance of export focused thermal coal mining operations in South African that are managed by the Company’s South African subsidiary Continental Coal Limited and an update on the status of key corporate transactions that it is currently in the process of finalizing.