African Aura’s Nkout tops a billion tonnes
Vancouver – A first resource estimate for African Aura Mining’s (AUR-V) Nkout iron project in southern Cameroon has put over a billion tonnes in the ground.
Africa
More land and more results for Auryx
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjkoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months. Firstly Auryx announced that it has…
What to expect from CAR election
After much delay the citizens of the Central African Republic (CAR) have placed their votes for the next president of the much-maligned country. But the implications for miners in the region are still unclear.
First Quantum to expand Kansanshi in Zambia
Already one of the largest copper-producing companies in the world, First Quantum Minerals’ (FM-T, FQM-L) plans to expand production capacity in Zambia at its Kansanshi copper-gold mine by 60% to about 400,000 tonnes of copper per year by 2015,…
Shanta Gold makes headway in Tanzania (January 25, 2011)
Junior Shanta Gold (SHG-L) wants to make the leap from explorer to gold producer within two years. On Jan. 25 Shanta said it is on track to complete a detailed feasibility study by the end of June on its Singida gold project in central Tanzania…
Eastern Platinum rakes in $348M
With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for the first phase of its Eastern Limb development plan in South Africa. In an equity…
Nevsun pours first gold at Bisha (January 24, 2011)
Nevsun Resources (nsu-t, nsu-x) has poured its first gold on time and under budget at Bisha, Eritrea’s first modern-day mine, the company reported on Jan. 4.Ramp up to full commercial production will take place over the course of the first…
Avion grows in West Africa
Avion Gold (avr-t, avgcf-o) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (axm-v). In total Avion will pay Axmin $500,000 in cash and issue 4.5 million of its shares for…
What investors can expect from elections in CAR
After much delay the citizens of the Central African Republic (CAR) are set to head to the polls on Sunday, but the implications for miners in the region are still unclear. Francois Bozize, the current president, is favored to win. Even if he…
Lucara in $60m financing for African diamond projects
Vancouver – With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60 million private placement to help move them forward.
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…