Africa

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

Source: Print Archives | 2014-10-22
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one...

Gold output picks up at Perseus' Edikan mine 

Source: Print Archives | 2014-10-22
Perseus Mining (TSX: PRU; ASX: PRU) is cleaning up its act, and has at least one analyst taking notice.

Iron ore price collapse claims more victims 

Source: Print Archives | 2014-10-22
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; 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...

True Gold completes North Kao PEA

Source: Daily News | 2014-10-21
True Gold Mining (TSXV: TGM) is on track to pour the first gold at its Karma project in Burkina Faso in late 2015, with the mine plan envisioning five open pits that will be developed in sequence to feed a heap-leach operation over the course...

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).

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...

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:...

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...

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...

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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