Navasota Proves Up Bauxite Resource
VANCOUVER — After drilling more than 2,000 holes into its Koba project in Guinea, Navasota Resources (NAV-V, NAORF-O) has a bauxite resource in hand that has already surpassed 400 million tonnes and …
Africa
Sanu proves up VMS resource in Eritrea
Vancouver – After ten years in Eritrea Sanu Resources (SNU-V) has defined its first resource in the West African co…
Positive Feasibility For Banro’s Twangiza Project
Banro’s (BAA-T, BAA-X) wholly-owned Twangiza project in the Democratic Republic of the Congo will produce about 320,000 oz. gold per year at an average operating cash cost of US$274 per oz. for the fi…
Oromin Advances Sabodala
VANCOUVER — A 140,000-metre drilling effort in 2008 is paying off for Oromin Explorations (OLE-T, OLEPF-O): the company has delineated six mineralized zones at its Sabodala project in eastern Senegal…
$250M Loan Puts Katanga In Glencore’s Thrall
Faced with the mounting financial distress of Katanga Mining (KAT-T, KATFF-O), the company’s shareholders have agreed to let the world’s largest commodity trader step in.
African Copper Shuts Down Mowana
African Copper (ACU-T, ACU-L) is closing the doors on its Mowana copper mine in Botswana.
Barrick Holds Strong In Tanzania
Barrick Gold’s (ABX-T, ABX-N) North Mara mine in Tanzania has had its share of problems.
Anvil Rises On New Mining Contracts In DRC
VANCOUVER–The biggest copper producer in the Democratic Republic of the Congo (DRC) has finalized mining contract renegotiations for two of its three mining operations. After more than a year of disc…
Keegan Cuts More Gold At Esaase
Keegan Resources (KGN-T, KGN-X) has reported more gold intercepts at its Esaase project in Ghana, including 11 metres of 6.6 grams gold per tonne from just 1 metre depth in hole 509.
El Nino Falls On Results From New DRC Project
VANCOUVER–The first full set of drill results from El Nino Ventures’ (ELN-V, ELNOF-O) Kasala copper discovery in the Democratic Republic of the Congo (DRC) left investors unimpressed: El Nino’s share…
Hana Mining Hits Copper-Silver In Botswana
VANCOUVER–New results from the Ghanzi copper-silver project in Botswana show promising grades for owner Hana Mining (HMG-V).
Red Back Raises $150M For African Gold Operations
VANCOUVER– Red Back Mining (RBI-T, RBIFF-O) is riding the gold tide and raising money again. It was only two months ago that the gold producer had to boost a $40- million financing to $60 million bec…