Africa

Iron ore price collapse claims more victims

Source: Daily News | 2014-10-17
Cliffs Natural Resources (NYSE: CLF) and London Mining (LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6 billion non-cash impairment charge in the third quarter on its...

Gold Reserve wins US$740M in 'stunning victory' against Venezuela

Source: Daily News | 2014-10-17
It's taken six years and over US$20 million in legal costs, but Gold Reserve (TSXV: GRZ) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government — one of the largest...

Gold output picks up at Perseus' Edikan mine

Source: Daily News | 2014-10-17
Perseus Mining (TSX: PRU; ASX: PRU) is cleaning up its act, with at least one analyst taking notice.

Semafo amends bid for Orbis Gold

Source: Daily News | 2014-10-16
Semafo (TSX: SMF) has amended its bid for 100% of Orbis Gold (ASX: OBS) to A$0.65 per share from its proposal on Oct. 12 of between A$0.62 and A$0.65 per share in a deal now worth A$163.9 million (US$143 million).

Ivanhoe says most locals support Platreef 

Source: Print Archives | 2014-10-15
Should Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) cranks out its estimated 785,000 oz. platinum, palladium, rhodium and gold from the Platreef project in South Africa, the underground operation 280 km northeast of Johannesburg would be...

Mkango climbs on Malawi's REE potential 

Source: Print Archives | 2014-10-15
It’s a little unusual for a Canadian junior to skip a preliminary economic assessment and proceed to the prefeasibility stage, but that strategy seems to have worked for Calgary-based Mkango Resources (TSXV: MKA), judging by the...

Stellar Diamonds starts trial mining in Guinea 

Source: Print Archives | 2014-10-15
For a junior diamond-development company with operations in Guinea and Sierra Leone — two of the three countries in West Africa hit by the Ebola virus — it’s remarkable that Stellar Diamonds (US-OTC: SDIZF; LSE:...

Orbis Gold spurns Semafo's advances 

Source: Print Archives | 2014-10-15
A day after the board of directors of Orbis Gold (ASX: OBS) rejected an unsolicited all-cash takeover offer made on the Thanksgiving holiday weekend from Montreal-based Semafo (TSX: SMF; US-OTC: SEMFF), the Australian mining company released an...

East Africa Metals defines Adyabo in Ethiopia 

Source: Print Archives | 2014-10-08
Pleased with results from recent drilling at its Adyabo gold-copper project in Ethiopia, Canaco Resources spinoff East Africa Metals (TSXV: EAM; US-OTC: EFRMF) is starting a 6,000-metre diamond-drilling program to define several mineralized...

Roxgold awards underground mining contract  

Source: Print Archives | 2014-10-08
African Underground Mining Services (AUMS) has signed a four-year deal to provide a mining fleet and skilled labour for Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Yaramoko gold project in Burkina Faso.

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