Africa

Glencore Xstrata to buy Caracal Energy

Source: Daily News | 2014-04-15
Just a day after the ink dried on Glencore Xstrata's (LSE: GLEN) all-cash agreement to sell its Las Bambas copper project  in Peru to a Chinese consortium for nearly US$6 billion, the Swiss-based commodities giant announced a US$1.35...

Chinese consortium buys Las Bambas

Source: Daily News | 2014-04-14
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata's (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.

Perseus puts out fire at Edikan

Source: Daily News | 2014-04-10
A fire has put operations on hold at Perseus Mining's (TSX: PRU; ASX: PRU) Edikan processing plant in Ghana, but the company says things are under control.

Golden Star's drills hit at Wassa ahead of PEA for underground mine 

Source: Print Archives | 2014-04-09
VANCOUVER — West Africa-focused gold producer Golden Star Resources (TSX: GSC; NYSE-MKT: GSS) is defining the economics of mining an underground extension to its open-pit Wassa gold mine in southwestern Ghana.

Namoya boosts Banro's gold reserves 53% 

Source: Print Archives | 2014-04-09
Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.

Bullman Minerals completes first resource in Guinea

Source: Daily News | 2014-04-02
Bullman Minerals (TSXV: FUL) believes it’s off to a good start in West Africa where it has two projects on the Birimian Gold Belt in northeastern Guinea.

Endeavour posts huge loss, but powers up for growth in 2014  

Source: Print Archives | 2014-04-02
Due to hefty impairment charges, West Africa-focused Endeavour Mining (TSX: EDV; US-OTC: EDVMF) reported a US$332.5-million net loss in 2013, or US81¢ per share, compared to a US$15.1-million loss in 2012 at US6¢ a share,.

Avnel's new path for Kalana mine in Mali 

Source: Print Archives | 2014-04-02
VANCOUVER — When Avnel Gold Mining (TSX: AVK) bought the Kalana gold project in southwest Mali in 2002, its priority was getting the historic mine back into production, as required by the terms of the property deal. As a result Avnel has...

Lake Victoria Mining sells gold forward 

Source: Print Archives | 2014-04-02
When it comes to finding ways to raise money in today’s beaten down junior financing market, Lake Victoria Mining (US-OTC: LVCA) seems to have taken the task to a whole new level.

Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba 

Source: Print Archives | 2014-04-02
VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the...

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