Market News
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Zim Chrome Exports Resume
Posted on :Monday , 9th November 2015
Zimbabwe resumed chrome exports last week for the first time since 2011 when Government imposed a ban of raw chrome exports to encourage beneficiation of the mineral.
The Government lifted the four-year ban on chrome ore exports in June this year to boost foreign earnings from the sector and enhance viability of small-scale miners.Whi. . .New Luika Gold Mine Announces Life Extension And 506,000 Oz Of Gold
Posted on :Monday , 9th November 2015
Shanta Mining Company Limited (SMCL), a subsidiary of the UK-based Shanta Gold Limited (AIM:SHG) involved with gold mining, development and exploration in Tanzania, has recently released the Life of Mine (LOM) extension study for its New Luika Gold Mine (NLGM) project which indicates new total reserves of gold at 506,000 ounces (oz) up from 479,000 oz found in 2013.
Sunridge Gold Agrees US$65mln Sale of Eritrea Gold Mine
Posted on :Monday , 9th November 2015
Sunridge Gold shot up around 50% after it struck a US$65mln (C$85mln) cash deal to sell its majority stake in Asmara Mining, the joint venture company that owns the Asmara mine, in Eritrea.
Michael Hopley, Sunridge chief executive, highlighted that the proposed deal is at a premium valuation.
He added: “(it) equates to a significant premium to the present mar. . .Tanzania: Kibo Mining Focused on Finance for Mbeya
Posted on :Saturday , 7th November 2015
Kibo Mining‘s (LON:KIBO) focus is now to complete the financing for its Mbeya coal to power project in Tanzania, it said today.
The group has signed a joint development agreement with Chinese firm SEPCO and during the quarter completed a pre-feasibility study on the mining component.
“With the most important strategic elements now in place for the MCCP,. . .Eritrea: Sunridge Gold Plans Commercial Production at Debarwa by End 2016
Posted on :Saturday , 7th November 2015
“We’ve had a tremendous amount of success,” says Davis.
“We’ve drilled 400,000 metres. We’ve completed a full bankable feasibility study, and we did a full environmental impact assessment in 2013. Since that time it’s been all about the permitting.”
In some respect that’s been a slow process, but with the govern. . .Please Select an Option
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