Africa Mining News

West African Iron Ore Corp. phase one drilling continues to intersect high grade iron ore mineralisation and confirms potential Direct Shipping Ore

West African Iron Ore Corp (TSX-V: WAI) West African Iron Ore ("WAI" or the "Company") is pleased to report substantial intersections of near surface and sub-surface, high-grade iron ore mineralisation from its on-going phase one drilling program. The current set of results just received from SGS analytical facilities in both South Africa and Canada include partial results for five (5) reverse circulation (RC) drill holes and complete results for SAMRC 011. The upper 8 to 12 metres of mineralisation of 3 RC (SAMRC 012, SAMRC 013 and SAMRC 018) appear to have the grades and chemistry to be shipped with minimal processing (Direct Shipping Ore or DSO).

1700K 'human wall' to stop diamond smuggling? Only in Zimbabwe

Zimbabwe's efforts to declare its "blood-stained" diamonds clean is bordering (no pun intended) on the ridiculous, writes Tangai Chipangura, a columnist at News Day.

SPECIAL: Africa's biggest mining show begins

Africa's largest mining and investment show, Mining Indaba, gets underway in Cape Town, South Africa.

Accidents claim three lives at South African platinum mines

Three miners have died in two separate incidents at platinum mines in South Africa.

MDM awarded major new dense media plant contract in DRC

MDM Engineering has been awarded the EPCM contract for the engineering and construction of a 1.2 Mt/y Dense Media Separation (DMS) plant for Comide, a subsidiary of Camrose Resources, which itself is a joint venture between ENRC and Cerida. This plant is the first of two DMS units to be built on site which, when completed, will have an annual output of 3 Mt/y.

Gryphon Minerals – Samavogo drill results continue to impress, Banfora Gold Project, Burkina Faso

Gryphon Minerals Limited (ASX:GRY) is pleased to announce more outstanding drilling results from ongoing reverse circulation and diamond drilling at the Samavogo Gold Deposit, at the Company's flagship Banfora Gold Project in Burkina Faso, West Africa.

Implats shuts Rustenburg shaft, 2 workers trapped

Implats reported Friday that a search mission was underway at its Rustenburg operation in search of two trapped workers and had stopped work at the affected shaft. Impala Platinum, the world's second-largest producer of the precious metal, said on Friday

Australia's Gryphon advances gold discovery in Burkina Faso

Active Australian gold explorer, Gryphon, today announced significant new drilling results at its Samavogo prospect. Gryphon Minerals Ltd (ASX: GRY indicated today that the latest drilling could enhance the already-established JORC Code inferred resource

Ghana: Taxes on mining companies to be hiked

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament.

Stratex International Plc – Turkey Update

Stratex International plc ("Stratex‟ or "the Company‟), the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, is pleased to report additional significant gold intersections from drilling at the

Ghana budgets for mining tax hike

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday. The corporate tax rate on miners will increase to 35% from 25% and a separate 10% tax on windfall profits will be introduced, according to the text.

Implats production drops 12 percent while unit costs increase 10.8 percent

During Q1 Implats production fell 12% due mostly to planned operational outages. Gross platinum production was 388,000 oz compared to 441,000 during the same quarter a year ago. Palladium also declined in line with platinum, coming in at 251,000 oz compared to 285,000 year ago. Rhodium declined by just 7% from 53,000 oz compared to 57,000 oz. Costs also rose during Q1. "Group unit cost per platinum ounce produced excluding share-based payments rose by 10.8% from the previous quarter a year ago primarily due to the recent impact of the 10% wage settlement and the continuation of high electricity tariff increases," said the company in a statement.

Ethiopian Potash drilling and assay update

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Ethiopian Potash Corp. (the "Company") (TSX VENTURE:FED)(TSX VENTURE:FED.WT)(OTCQX:ETPHF) is pleased to announce that it has completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area. Holes 17 and 18 are currently being drilled to test the northern continuation of the South-west Target Area. All holes have intersected the Danakil Potash bearing sequence.

Forbes Coal secures ZAR230 million (approximately C$30 million) loan facility to fund the company's expansion

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or the "Company"), through its subsidiary Slater Coal Proprietary Limited, has secured a ZAR230 million (approximately C$30 million) loan facility from Investec Limited ("Investec"), an international investment and private banking group. Funds from the loan facility will be used to further the Company's expansion plans.

Avion Gold reports big drop in earnings, stock down more than 12 per cent

Stock in Avion Gold Corp. (TSX:AVR) fell more than 13 per cent in heavy trading Tuesday after the Toronto-based miner with operations in West Africa reported third-quarter earnings that were only half of those a year earlier.

Helio reports additional drill results from the Gold Kop target, Damara Gold Project, Namibia

Helio Resource Corp (TSX-V: HRC) is pleased to report the first results from a recently completed RC drill programme on the Gold Kop target, at the Damara Gold Project in central Namibia.

African Gold Group, Inc. Northern Step-Out Hole Intercepts 112 Meters of 2.14 g/t Au-Hole Ends in Mineralization-Kobada, Mali

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - African Gold Group, Inc. (TSX VENTURE:AGG), ("AGG" or the "Company") is pleased to report the analytical results for six near surface (oxide), reverse circulation (RC), step-out drill holes,...

Montero Announces Infill Drilling Results of 11.7m at 7.35% TREO at the Wigu Hill Rare Earth Project in Tanzania

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") has completed an infill drilling program at the Twiga Zone at the Wigu Hill Rare Earth Project in Tanzania. Infill drilling ...

Avion Gold announces third quarter earnings of $7.2 million with cash flow of $15.3 million

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") today announces its financial results for the third quarter ended September 30, 2011. All amounts are in United States dollars unless otherwise indicated. Earnings Per Share of $0.02. Cash Costs of $806 Per Ounce Produced in Third Quarter 2011

Frontier Rare Earths provides an update on its Zandkopsdrift rare earth element in South Africa

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."

Energio on the cusp of major iron ore opportunity in Nigeria

Energio ( ASX: EIO ) is developing a world class iron ore opportunity at the Agbaja Iron Ore Exploration Project in Nigeria, which has resource potential of 1 to 2 billion tonnes of iron ore.

Sundance Resources Limited (ASX:SDL) ore reserve upgrade to 352 million tonnes of high-grade hematite

Sundance Resources Limited (ASX:SDL) advises that the High Grade Ore Reserve for Stage One of the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo now totals 352 million tonnes (Mt) at 62.4% Fe. All Mineral Resources and Ore Reserves have been estimated in accordance with the JORC Code. This upgraded estimate is significant because it confirms Mbalam now has sufficient Reserves to deliver Stage One of the Project. Stage One proposes the production of 35 Mt per year of High-Grade Direct Shipping Ore (DSO) for at least 10 years.

Zambia mine tax increase will hurt production, says Chamber of Mines

Mining companies in Zambia may have to scale down their operations to cope with higher mining taxes recently imposed by President Michael Sata's new government. Reuters quotes the general manager of the country’s chamber of mines, Frederick Bantubonse:

Eastern Platinum reports results for the three months ended September 30, 2011

Eastplats recorded earnings attributable to equity shareholders of the Company of $1,364,000 ($0.00 per share) in the quarter ended September 30, 2011 ("Q3 2011") compared to earnings of $4,039,000 ($0.01 per share) in the quarter ended September 30, 2010 ("Q3 2010").

Automation/remote control, bulk handling and storage, South African technology and services

Automation/remote control, bulk handling and storage, South African technology and services are three of the main articles currently being written by John and Paul for the January issue of International Mining. The automation/remote control article, for instance, will examine the big new orders for autonomous trucks, look at the latest in blasthole drill automation and peer underground to see the latest technologies being employed there, AND MORE. Do contact the editors, before early December, if you have contributions you wish to suggest for any of these articles.