MADAGASCAR Mining News

Sherritt mulling Ambatovy retreat to pop debt balloon

Sherritt's dream of lifting Madagascar out of poverty and making a handsome packet for itself from the proceeds of a huge nickel mine appear to be in jeopardy.

Africa’s rising risks jeopardizing recent mining growth: report

Analysts claim Sub-Saharan Africa's investment environment is deteriorating.

Majescor announces delay in filing its 2013 annual financial statements

Majescor's Board of Directors and its management are working expeditiously with the Company's auditors, on a daily basis, to meet the Company's obligations relating to the filing of the 2013 Annual Financial Statements.

Energizer Resources Confirms Jumbo Flake Graphite With +90% Purity; DRA Mineral Projects Makes Initial Equity Investment in Energizer

TORONTO, ONTARIO--(Marketwire - March 26, 2012) - Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce that it has received positive initial metallurgical test results from its...

Thailand's PTT Plc buys Madagascar coal mine for US$50 million

Bankgok Post reports that PTT Plc has acquired the remaining shares in Perth-based Red Island Minerals for $50.2 million.

Energizer Resources’ discovery of graphite and vanadium: agreement with DRA Mineral Projects to develop Green Giant in Madagascar

With confirmation of the discovery of two strategic minerals, vanadium and graphite, Energizer Resources says it "is now well positioned to move forward to mine development"

Sherritt Announces Senior Management Changes

Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S) today announced changes to the leadership of its senior management team, effective February 1, 2012.

Investors applaud Sherritt's pace building world's biggest nickel mine, stock jumps 10%

Canada's number one coal producer and world-leading nickel miner, Sherritt jumped 10.2% on Wednesday after reporting a doubling of quarterly net earnings and good progress at its massive Ambatovy project in Madagascar. Sherritt will start production at Ambatovy in the first quarter of next year. The company has already spent more than 90% of the planned $5.5 billion to build what will be the world's biggest nickel mine with the capacity to produce 60,000 tonnes of nickel and 5,600 of cobalt a year. Sherritt and its Asian partners have made the largest investment in the island's history and will make nickel the country's number one export for the next 27 years.

Madagascar extends Total licence beyond oil sands

Madagascar has given French oil major Total a one-year extension of an exploration licence for the Bemolanga block shared with Madagascar Oil and expanded it to include conventional oil, a senior official told Reuters on Thursday. Madagascar Oil and Total announced earlier this month that it is scuttling plans to develop a 1.2bn barrel oil sand deposit on the island after three years of extensive work. The Bemolanga bitumen deposit was first drilled in the late 1800s and would have cost upwards of $8bn to bring into operation.

Pan African Mining Corp. Accelerating Drill Programs With Purchase of Four New Rigs

PAN AFRICAN MINING CORP. is pleased to report that it has just purchased four additional drill rigs for its exploratory programs in Madagascar. The rigs will be shipped from Canada as and when available over […]

Largest Trommel Built by Multotec joins other Group Products at Mandena, Madagascar

The largest self-driven trommel ever built by Multotec has been successfully commissioned at the QMM’s Mandena Mine in Madagascar where it is installed in the mine’s heavy minerals process plant…..more at MEIOnline