African Copper asks to quintuple outstanding shares to raise needed cash
Vancouver – A massive value writedown for its brand new Mowana copper mine in Botswana, depressed copper prices, an…
Africa
MagIndustries advances Kouilou potash project
Using a treasury with a consolidated working capital of about $105 million, MagIndustries (MAA-V) continues to adva…
Katanga in distress
Speculation over the poor state of Katanga Mining’s (KAT-T) finances is over.
Iamgold gets a deal on key West African asset
Iamgold (IMG-T, IAG-N) is using the slumping market as an opportunity to grab a key asset in West Africa.
52 grams gold over 9 metres at Oromin’s Sabodala project
Oromin Explorations (OLE-V) has reported some strong gold grades from a new area of its Sabodala property in easter…
Malian gold intercepts lift Avion
Vancouver – As it gears up to start open pit operations at the Segala project about 200 km south of Kayes, Ma…
Platmin sells majority stake for US$175M
Vancouver – In exchange for US$175 million, enough to finish construction of the Pilanesberg platinum mine in South…
Great Basin Gold buys mill for Hollister
Vancouver – Great Basin Gold (GBG-T) is trying to get two mines into production within the next six months and in r…
Mexivada starts artisanal diamond mining in Sierra Leone
The 968-carat “Star of Sierra Leone” diamond was discovered in 1972 — just a few miles north of where …
Sherritt Buckles Down After Strong Q3
Although Sherritt International (S-T, SHERF-o) had a strong third quarter, the company says it will cut back on spending in the new year as it braces for much weaker fourth-quarter results.
Katanga Halts Cobalt Production In DRC
Katanga Mining (KAT-T, KATFF-o) has stopped producing cobalt at two connected projects in the Democratic Republic of the Congo (DRC) because of falling prices for the metal.
Economy The Wild Card In Wobbly Platinum Market
The platinum market is shakier than it has been for many years, says a report by Johnson Matthey, which refines the platinum that’s consumed in a third of all catalytic converters used to control vehi…