China’s Hanlong looking at Bannerman
Chinese conglomerate Sichuan Hanlong Group is interested in Bannerman Resources’ (BAN-T, BMN-Z) Etango uranium project in Namibia, one of the largest undeveloped uranium resources in the world.
Africa
Platinum Group secures US$260 million loan
Vancouver – Platinum Group Metals (PTM-T) has answered one of the big questions remaining on its South African platinum project by securing a US$260-million loan.
Great Western Minerals to build plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth separation plant in South Africa.
Hana keeps the drills turning at Ghanzi
As Hana Mining (HMG-V) continues to drive towards getting the world’s next significant copper mine built at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana Zone.
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower operating results for the second quarter.
Mukuba Resources options land next to Tenke-Fungurume
At just 19.5¢ a share and 57.4 million shares outstanding, Mukuba Resources (MKU-V) may have slipped under the radar of many investors. But a recent option and joint-venture (JV) agreement on a tenement adjacent to the Tenke-Fungurume mine…
AngloGold move lifts First Uranium
AngloGold Ashanti (AU-N) clearly likes the discounted price on uranium plays and its confidence in one producer is reverberating through the market. The gold producing senior miner is taking a significant position in Toronto-based First Uranium…
South African dealmaker finds US$100 million for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic, of all places, is not a job most people would relish. Taking the job without a salary in order to save the company money -…
Lower Q2 production at Eastplats’ Crocodile
Eastern Platinum (elr-t) saw second quarter production from its main Crocodile River platinum group metals (PGM) mine in South Africa’s Bushveld Complex shrink by one third, due to labour issues that led to a strike at the mine in early May.
Frontier set to make splash in rare earths sector
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) put itself in a solid position thanks to a deal with a deep pocketed Korean consortium.
Iamgold completes sale of Tarkwa and Damang stake
Flush with US$667 million in cash from the sale of its 18.9% stake in the Tarkwa and Damang projects in Ghana to Gold Fields (GFI-N), Iamgold (IMG-T, IAG-N) could be on the lookout for other acquisitions in West Africa, Canaccord Wealth…
Frontier to team up with Koreans in South Africa
Frontier Rare Earths (FRO-T) saw its share price jump after announcing an agreement with a Korean firm that will speed-up the development of its Zandkopsdrift rare earth project in South Africa. The agreement was made with Korea Resources…