November 18, 2011

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.

November 18, 2011

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…

November 17, 2011

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…

November 17, 2011

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…

November 16, 2011

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…

November 16, 2011

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…

November 15, 2011

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…

November 15, 2011

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…

November 15, 2011

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…

November 15, 2011

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…