Mining

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 […]

According to the National Bureau of Statistics, the Chinese economy grew at a rate of 7.7% in 2013. Its GDP grew at exactly the same rate. Hey, a 7.7% growth in either of those categories is considered enviable by many. On the other hand, I think that I recall hearing about certain Western governments (and […]

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 […]

Stellar Diamonds plc, the London listed (LSE:STEL) diamond development company focused on West Africa, has provided a positive operational update from its 1.1 million carat Tongo dyke kimberlite diamond project in Sierra Leone. Highlights: · Significant progress has been made in advancing the project up the development curve towards production with Definitive Feasibility Study (“DFS”) […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, have provided investors with an update for the three months to 31 December 2013 and the year ended 31 December 2013) on production and operations at its flagship Gedabek gold/copper/silver mine in western Azerbaijan. Overview: · Gold production at Gedabek for Q4 2013 totalled […]

Beacon Hill Resources, an AIM and ASX listed coal producer, have announced further significant progress with its logistics and rolling stock for the transportation of coking coal from the Tete coking coal fields to the Port of Beira in Mozambique. · Completion of locomotives and wagons which will enable the Company to utilise its 0.5 […]