Gabon Mining News

Bidding for untapped Gabon iron ore reserve, world's largest, could spark mining sector

Gabon is actively seeking foreign investment in mining.

Huge blow to Gabon as BHP pulls out

Another African nation has fallen victim of belt-tightening at the world's number one miner.

Anglogold walks away from Gabon JVs with Silver Bull

The JVs dates back to October 2009 and AngloGold spent approximately $5.7 million on exploration at Ndjole-Mevang and $3 million at Ogooue.

BHP closing in on A$3.5 billion Gabon iron ore deal – report

BHP Billiton Ltd. (BHP) is close to striking a A$3.5 billion deal with the government of Gabon over the Belinga iron ore project, which is said to contain about 4 billion metric tons of ore, the Australian newspaper reported Wednesday without citing a source for the information.

Concordia Resource to buy Swala Resources in 12,400 square kilometre Africa land grab

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia") is pleased to announce that, further to its news release dated September 6, 2011, it has signed an arrangement agreement (the "Agreement") with Swala Resources Inc. ("Swala"), dated October 20, 2011. Under the Agreement Concordia has agreed to acquire all of the issued and outstanding Swala securities pursuant to a plan of arrangement. Swala brings to Concordia an extensive exploration portfolio in the resource endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the "DRC"), Zimbabwe and Mozambique with a land package totaling over 12,400 km2, as well as an experienced management team and board of directors with extensive expertise in Africa. Completion of the plan of arrangement transaction is expected by December 2011.