Mining

Nayega Mining Convention Negotiations Concluded Ferrex plc, the AIM quoted manganese development and iron ore exploration company focused in Africa, has announced a positive update on activities at the Nayega Manganese Project in northern Togo held through its 85% owned subsidiary SGM SARL. Highlights: · Mining Convention negotiations concluded – document forms the basis for […]

Exercise of option to acquire Baita Bihor mine VAST, the AIM listed resource and development company has announced that it has completed, to its satisfaction, due diligence on the Baita Bihor polymetallic mine in Romania and has consequently exercised its option to acquire 80 per cent. of the issued share capital of Mineral Mining SA, […]

Acquires Austrian Precious and Base Metals Project, Raises £478,000 and Schonberg Update Noricum Gold Limited, the Austrian focused gold exploration and development company, has announced that it has successfully expanded its portfolio through the acquisition of the Walchen VMS Project, which is located in an area of Austria proven to host copper, gold and silver […]

Placing to raise £270,000 Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has announced a conditional placing of 966,666,663 new ordinary shares of 0.01 pence each in the capital of the Company at a price of 0.03p pence per share to raise net proceeds of £270,000 with institutional and other […]

The share price of Kirkland Lake Gold (LSE:KGI) (TSX:KGI) got a 24-carat response from investors today after issuing its Q3 2015 results. Its share price closed at 255.00 on the London Exchange, up by 4.08%, boosting it back to more than halfway toward its 52-week high of 334.00 and its low of 135.00 for the […]

trategic Co-operation Agreement signed with Desert Gold Ventures Inc. to develop the Kossanto East Gold Project and Farabantourou Gold Permit in Mali towards potential production Alecto Minerals (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has signed a co-operation agreement with Desert Gold Ventures Inc. (TSX.V:DAU), a TSX.V quoted mineral […]

PROGRESS UPDATE ON PILOT PLANT WORK AT ARAGUAIA NICKELPROJECT, BRAZIL Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM), the nickel development company, has announced positive results following completion of first stage testing of the Rotary Kiln Electric Furnace Pilot Plant for its 100% owned Araguaia nickel project in Para State, north central Brazil. Highlights: · Completed commissioning of...

Update on flotation plant to increase copper, gold and silver production at Gedabek mine, Azerbaijan Anglo Asian Mining, the AIM listed gold, copper and silver producer focused in Azerbaijan, has provide an update on the development and construction of its small scale flotation plant at the Gedabek gold, copper, silver mine, in western Azerbaijan, aimed […]

The share price of Glencore (LSE:GLEN) dropped by 3.11% in trading today, closing at 291.20. Since Glencore acquired Xstrata in May 2013 the impact of picking up the coal mining assets has combined with the broader world economic conditions to weigh on the company’s FY 2014 results. Taking the good with the bad On the […]

Optimisation Study Completed at Yanfolila Gold Project, Mali Hummingbird Resources, the multi-project gold company, has announced the results of its Optimisation Study which highlights the increased size, extended life of mine and robust economics of the Yanfolila Gold Project in Mali and the defined path to production in H1 2016, with construction commencing on time […]