Anvil Mining (TSE:AVM), a copper miner based in the central Africa, tamped down speculation that it may be acquired for $1 billion. Australian Finance Review reported that it was in serious discussion with a Chinese firm about some sort of business tie up. Last month, Anvil announced that it started a strategic review process and the company had formed a special transaction committee to ". . . review and consider the value maximizing alternatives available to the Corporation. BMO Capital Markets has been retained to assist in this regard," said the company in a statement.
Africa Mining News
The British Geological Survey (BGS) on Wednesday published the latest list of the 52 elements, minerals and metals most at risk of supply disruption because global production is concentrated in a few countries, many with unstable governments. Surprisingly rare earths used in green technology and defence do not top the list but comes in at number five. Antimony, extracted mainly from stibnite (pictured), widely used for fireproofing is most at risk. The platinum group metals (auto catalysts) hold the second spot while niobium used in touch screens and scanners and tungsten for cutting tools are also at risk of supply disruption as a result of increased competition among the world's growing economies, political instability, resource nationalism, along with events such as strikes and accidents. China is the number one producer of 50% of the 52 chemicals on the list and produces 75% of the world's antimony.
While Rio Tinto’s Rössing Uranium Limited is committed to solving the dispute over employee bonus payments with the Mineworkers Union of Namibia (MUN), it would not agree to the union’s “unreasonable demands”, said the company’s Managing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Abzu Gold Ltd. (TSX VENTURE:ABS)(OTCQX:ABZUF) ("Abzu") is pleased to announce commencement of drilling at its Nangodi concession, Bole-Nangodi Gold Belt, Ghana (Figure 1: http://media3....
The companies in question mine diamonds in the Chiadzwa region (illustrative photo) A number of diamond mining companies operating in Zimbabwe intend to set up their own power line after a series of power outages have affected operations, the News 24
PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 12, 2011) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN) (ASX:PDN)wishes to note that the Company's Board of Directors advise that financial close has been reached under the Langer Heinrich Project Finance Facility ("Facility"), and Paladin has submitted a drawdown notice for US$127.2M.
TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Auryx Gold Corp. ("Auryx" or the "Company") (TSX:AYX)(NSX:AYX) is pleased to announce the discovery of two distinct zones of massive iron-oxides ("Fe-oxides") overlying and peripheral to the Otjikoto gold deposit. Both zones occur at and near surface and have been named the Main Magnetite Zone ("MMZ") and the Magnetite 1 Zone ("M1Z"). Geophysical work suggests the Fe-oxide mineralization has a potential strike length of 6km. Please follow the link to view a plan view of the magnetic anomaly:http://auryxgold.com/projects/otjikoto_drill_program/mag_anomalies/
A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line, a newspaper reported Sunday.
SYDNEY (Reuters) - A new zinc mine in west Africa is due to start up in mid-2012, just as some of the world's largest deposits are winding down, creating the first window in years for new suppliers in a chronically over-supplied market. The Glencore
The government's drive to encourage companies to beneficiate the minerals they mine is threatened by the rapidly rising cost of electricity. " Electricity prices are threatening the viability of many businesses in SA... This was the view of MD for chrome
Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35 percent and toughens procedures for acquiring development permits, the government said on Saturday.
The Federal Government has promised to build three coal-fired power stations in Enugu, Kogi and Gombe states with the capacity to generate 3000 megawatts so as to diversify electricity sources in the country. Power Minister, Professor Bart Nnaji,
BG reporter Botswana Diamonds was awarded a 430 square kilometre exploration licence in Cameroon and it plans to begin a bulk sampling programme in late 2011 to examine diamond potential in the area, the company reported. Positive results from our
HudBay Minerals (TSX: HBM)(NYSE: HBM) announced on Friday that it had completed the sale of the Fenix ferro-nickel project in Guatemala to the Solway Group for $170 million. HudBay will receive US$140 million in cash at […]
JSE-listed Optimum Coal, which Glencore and local businessperson Cyril Ramaphosa want to buy, said on Friday that an alternative bidder has withdrawn its interest in acquiring a controlling stake in the miner.
Sovereign risk issues are slowing BHP's alumina project in Guinea. BHP Billiton is spending money hand over fist expanding its global production capacity.
TORONTO, ONTARIO--(Marketwire - Sept. 9, 2011) - Coalcorp Mining Inc. (TSX VENTURE:CCJ) ("Coalcorp") is pleased to announce the appointment of Daniel Dumas to its Board of Directors. Mr. Dumas is currently Chief Executive Officer of Dumas Contracting Ltd. a full-service underground mining contractor providing services throughout Canada, Central and South America and West Africa. He established Dumas Contracting Ltd. in 1994 and has since lead the company to become a specialized international mining contractor.
Sama Resources resumes drilling at its Samapleu poly-metallic project and announces new results at its Samapleu Ni-Cu deposit and Sipilou south Ni laterite project
Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that drilling has resumed at the Samapleu property in Côte d'Ivoire using 2 drill rigs. The current drilling campaign is aimed at completing drilling at the "Samapleu Extension 1 poly-metallic zone" as well as testing the newly identified "Gangbapleu Target". Sama plans to complete the "Sipilou South Nickel-Cobalt Laterite" program on a 200 metre ("m") x 200 m spacing and to initiate a 2,000 m drilling program at the Company's "Lola Property" in the Republic of Guinea.
The Zimbabwean unit of Impala Platinum , the world's second-largest producer of the precious metal, said the government had taken steps to revoke its operating licence and it remained in talks with authorities. The government has been trying to get
Market research house BMI has over the past quarter made an upwards revision to its forecast for Zambian copper output for this year, increasing it to 913 000 t, up from 877,000 t.
FLSmidth has acquired Essa Australia, a leading international provider of automated mineral sampling and sample preparation systems. The acquisition has made FLSmidth the only company in the African market to provide a full industrial sampling solution to the minerals sector— from sampling to sample preparation and analysis, including particle sizing, laboratory applications and metallurgical testing equipment.
Anvil Mining is scheduled to commence production of copper from its new Kinsevere Stage II Solvent Extraction Electrowinning (SX-EW) plant in the Democratic Republic of Congo in the current quarter.
Mineral-sizing technology company MMD Mineral Sizing Africa has completed a R20-million, 6 000 m2 expansion of its Longmeadow manufacturing premises in Johannesburg.
Outotec has received a repeat order from London Mining Plc for delivery of High Gradient Magnetic Separators (HGMS) to the Marampa iron ore project in Sierra Leone. London Mining, a UK-based company that is developing mines for the steel industry, purchased the first magnetic separators for the project in 2010. The combined value of the orders and services is over EUR 10 million.
Allana Potash Corp. (TSX VENTURE:AAA) (OTCQX:ALLRF) ("Allana") is pleased to announce its common shares will commence trading on the Toronto Stock Exchange (TSX) at market open on Friday, September 9, 2011. The Company's stock symbol will remain "AAA".