Canaf eyes DRC diamond miner (December 24, 2007)
Vancouver — Canaf Group (CAF-V) is planning to gain a toehold in the Democratic Republic of the Congo’s (DRC) diamond sector through a majority interest in a private Congolese mining company.
Africa
First Quantum ups interest in Equinox to 17%
First Quantum Minerals (FM-T, FQM-L) is quietly buying up shares of fellow copper miner Equinox Minerals (EQN-T, EQXMF-O) for “investment purposes,” it says.
First Uranium starts plant construction
Capital costs for First Uranium’s (FIU-T) Buffelsfontein gold-uranium tailings recovery project in South Africa hav…
Oromin’s Sabodala gold project showing strength
Vancouver – Step-out and deep in-fill drilling at the Sabodala project in Senegal continue to return strong gold gr…
Positive feasibility study for Moto Gold project
Vancouver – There may be a new mine on the horizon for the Democratic Republic of the Congo (DRC), as a feasibility…
An early Eritrean Christmas for Nevsun
Nevsun Resources’ (NSU-T, NSU-X) latest deal with Eritrean government has it firmly on the road towards building th…
After surviving DRC’s dog days, Banro nears its payday
SITE VISIT Bukavu, Democratic Republic of the Congo — Flying over lush green folds of land in the eastern Congo, the village huts below, surrounded by groves of banana trees,…
Big money keeps on rolling in (December 10, 2007)
Vancouver — Despite the recent bearish trend in mining indices, financings continue to abound with exploration companies still attracting plenty of capital.
Canadians lead new Scramble for Africa
London, U.K. — Africa is endowed with an abundance of natural resources, particularly minerals — hence the “Scramble for Africa” of the pre-colonization era in the 18th and early 19th centuries, whe…
Petra Diamonds group to buy De Beers’ Cullinan mine
Vancouver — Petra Diamonds (PDMDF-O, PDL-L) is leading a group planning to buy the Cullinan diamond mine in South Africa from De Beers for 1 billion rand (US$149 million).
Diamond Fields under water in Namibia
Diamond Fields (DFI-T) and Australian-based Bonaparte Diamond Mines (BON-A) are finding more diamonds of the coast …
First Quantum acquires 17.2% of Equinox
First Quantum Minerals (FM-T, FQM-L) is quietly buying up shares of fellow copper miner Equinox Minerals (EQN-T, EQ…