Lucara harvests high-value stones at Mothae
The first diamond tender from Lucara Diamond’s (LUC-V) 75%-owned Mothae mine, in Lesotho, brought in $8.2 million for 9,381 carats of stones earlier this year.
Africa
Rockwell ramping up Tirisano
After surviving a hostile bid by Pala Investments in 2008 and then a recession that forced it to put one of its operations on care and maintenance, Rockwell Diamonds (RDI-T) signalled last March that it was no longer in survival mode with the…
Aldershot Resources adds uranium properties in U.S.
Philip Crabb says he “isn’t phased by the current opinion of uranium” and would, if asked, probably urge critics of the nuclear industry to take a trip to China if they needed any convincing that nuclear energy is the way to go.
Kinross leads majors for investments in junior gold plays
After betting US$7.1 billion last fall on the expansion potential of Red Back’s Tasiast gold mine in Mauritania, Kinross Gold (k-t, kgc-n) chief executive Tye Burt told reporters his company’s buying spree had come to an end for a while. “We’ve…
Mawson West releases Kapulo feasibility study
Vancouver – Despite only listing on the TSX in March, Mawson West (MWE-T) has already released a feasibility study on the Kapulo target at its Dikulushi concessions thanks to previous work as an Australian-listed and unlisted company.
Avion continues success in Mali
Drilling to test northwest- and northeast-trending structures at Avion Gold’s (AVR-T, AVGCF-O) Tabakoto deposit in Mali has returned significant intercepts, including 20.88 grams gold over 5.7 metres, 36.04 grams gold over 3 metres and 29.04…
Allana Potash grows resource at Dallol in Ethiopia
An updated resource estimate based on 40% of Allana Potash’s (AAA-V, ALLRF-O) licensed land in Ethiopia is better than the company expected.
Volta more than doubles Kiaka gold resource
Work at Volta Resources’ (VTR-T) Kiaka gold project in Burkina Faso has been anything but idle as of late.
Work disruptions continue on South Africa’s Bushveld
Vancouver – Disgruntled employees have once again disrupted operations on South Africa’s Bushveld Complex, with Platmin (PPN-T) the latest target.
Mukuba Resources options land next to Tenke-Fungurume
At just 19.5¢ a share and with about 57.4 million shares outstanding, Mukuba Resources (MKU-V) may have slipped under the radar screen of many investors. But a recent option and joint-venture agreement on a tenement adjacent to the…
First Quantum contemplates Zambian smelter
With concerns mounting about Zambia’s smelting capacity, First Quantum Minerals (FM-T, FQM-L) is evaluating whether the time has come to build and operate a copper smelter. A decision will be made before the end of the year.
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…