Commodities

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has commenced work at the company’s 945.5 sq km Wayu Boda Gold Project, located on the Adola Greenstone belt in southern Ethiopia. The project is held under joint venture with Centamin plc, which is required to fund US$1.8 million to […]

Mariana Resources, an AIM quoted exploration and development company focused in Peru and southern Argentina, have issued positive results from its scout drilling programme at its 102 sq km Condor de Oro copper-gold-molybdenum project, located along the prolific Cordillera del Condor gold-copper belt in Northern Peru. The latest drill hole CDOYE-5 has yielded the strongest […]

North River has announced that it has raised approximately £1,025,000 through a conditional placing of 170,833,333 new Ordinary Shares of £0.002 each at a price of 0.6 pence per Ordinary Share (the “Placing”). The Placing, which was conducted through Pareto Securities Limited, was over-subscribed. The net procceds of the Placing will be applied towards completion […]

North River Resources have announce a drill-for-equity agreement with the owner of the drilling and mining contractor operating at the Company’s flagship Namib Lead-Zinc Project in Namibia. Under the terms of this agreement, which also establishes an important local partnership for the Company, Mr. Wilhelm Shali, will be paid in shares of North River rather […]

Ariana Resources, a gold exploration and development company focused on Turkey, has conditionally raised £770,000 (before expenses) by way of a subscription for 85,555,556 ordinary shares of 0.1p each at a price of 0.9p per share. Highlights: – Lanstead Capital L.P. (“Lanstead”) has maintained its approx. 25% shareholding in the Company through the subscription of […]

Northcote Energy has issued an update on its interests in Oklahoma which cover 6,058 net mineral acres, including an overview of its 2014 drilling/frack and well workover programmes focused on significantly increasing production and proving up the reserves on its leases, which are primarily targeting the producing Mississippi Lime Formation. Overview: – 2013 saw the […]

IronGru? Sula Iron & Gold plc, a multi-commodity exploration company focussed on Sierra Leone, have announced that an independent valuation of the Company’s wholly owned 153 km2 Ferensola Project in Sierra Leone, which is prospective for both iron and gold, has been prepared by independent mining consultants SRK Exploration Services. SRK Exploration Services (‘SRK’) has […]

NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), are to launch the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca. NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange […]

Wildhorse Energy (WHE), an AIM and ASX listed company focussed on developing underground coal gasification (‘UCG’) and uranium projects in Central and Eastern Europe, has said that the Hungarian Parliament has approved the modification of the Mining Law which now includes UCG specific regulations setting out a legal framework for the development of UCG projects. […]

The following AIM listed companies will be attending the Indaba mining conference in Cape Town from 3-5 Feb 2014: African Potash, Alecto Minerals, Armadale Capital, Beacon Hill Resources, Ferrex and North River Resources. African Potash mkt cap £9.43 million, share price 4p AIM listed African Potash is focussed on sub-Saharan potash assets and is currently […]