With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for the first phase of its Eastern Limb development plan in South Africa. In an equity…
Nevsun Resources (nsu-t, nsu-x) has poured its first gold on time and under budget at Bisha, Eritrea’s first modern-day mine, the company reported on Jan. 4.Ramp up to full commercial production will take place over the course of the first…
Avion Gold (avr-t, avgcf-o) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (axm-v). In total Avion will pay Axmin $500,000 in cash and issue 4.5 million of its shares for…
After much delay the citizens of the Central African Republic (CAR) are set to head to the polls on Sunday, but the implications for miners in the region are still unclear. Francois Bozize, the current president, is favored to win. Even if he…
Vancouver – With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60 million private placement to help move them forward.
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…
Global Change for Children (GC4C) will kick off its 2011 fundraising campaign at Mineral Exploration Roundup, to be held Jan. 24-27 in Vancouver.In keeping with the conference theme, “Exploring Today for Tomorrow’s Resources,” the registered…
With roles in the latest James Bond movies Casino Royale and Quantum of Solace and a parallel career on Broadway, actor Jeffrey Wright is a busy man. His performances have earned him a Tony, a Golden Globe and an Emmy, but over the last seven…
Land issues in Tanzania have become a more common theme as of late.
Loncor Resources (ln-v) is $6.8 million richer after Newmont Mining (nmc-t, nem-n) exercised some 2 million in-the-money warrants worth $2.9 million and took down a non-brokered $3.9-million private placement.Newmont Mining boosted its…
Vancouver – Rio Tinto (RIO-N, RIO-L) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (RIV-A), an Australian coal company with one mine in operation, one in construction, and one primed for development.
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