Banro, China Gold to team up in the DRC
Just days after saying that a document regarding a possible takeover was a fake, Banro (BAA-T, BAA-X) has announced that it will team up with a Chinese major.
Africa
Semafo says it’s business as usual in Burkina Faso
Montreal-based Semafo (SMF-T) says operations at its flagship Mana gold mine in Burkina Faso have not suffered any disruptions as a result of recent military unrest across the country. In April, soldiers in several small towns and the capital…
Roxgold hits more high-grade gold at Yaramoko
Starting at a depth of 6 metres, Roxgold (ROG-V) drilled 20 metres of 28.61 grams gold per tonne at the Bagassi Central target of its Yaramoko gold project in Burkina Faso. Further downhole, starting at 38 metres, a separate 11-metre…
Silvore Fox attracts Chinese investor
A Chinese group that invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before Canaco discovered the Handeni gold deposit has added to its large interest in Nova Scotia explorer Silvore Fox Minerals (SFX-V).
The continuing evolution of corporate social responsibility
Vancouver – Corporate social responsibility (CSR) continues to be a largely voluntary, loosely defined initiative, but pressures from a number of sources continue to make it harder to ignore.
First Quantum’s Trident receives Zambian president’s blessing
Even though it has yet to complete an initial National Instrument 43-101-compliant resource estimate for its recently acquired Trident copper project in Zambia, Vancouver-based copper miner First Quantum Minerals (FM-T, FQM-L) held a…
French Green Party opposes Rockgate’s Malian uranium plans
Along with many other uranium explorers and producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis at the…
On the diamond trail
At home and away, Canadian-listed diamond explorers are on the hunt. Here’s a look at what some of these juniors are doing to find the next generation of diamond (and…
Allana just keeps on growing Dallol
Allana Potash (AAA-V) continues to define what is shaping into a world class potash play in Ethiopia. The company has grabbed the market’s attention over the last 12 months with shallow depth intercepts of up to 37.8 % KCl and now Allana says…
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Gold Fields cuts deal with Iamgold
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and is buying Iamgold’s (IMG-T, IAG-N) minority stake in a project in Ghana.
Giustra shell joins rush for West African iron ore (April 25, 2011)
Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s past…