Normandy, TVX clean up balance sheets
Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…
Banff Resources Ltd
Banff takes US$71m Kasese writeoff
Following a review of the carrying value of the Kasese Cobalt operation in western Uganda, Banff Resources (BFF-V) has decided to write off the remaining book value of the project’s capital assets.Des…
Conference promotes ‘African renaissance’
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…
Congo expropriates Banro’s Sakima gold project
The government of the Democratic Republic of the Congo (DRC) has taken advantage of the armed conflict in the eastern regions of the country to expropriate Banro Resource’s (BNRS-C) Sakima gold projec…
AFRICA — Banff advances Kasese cobalt project in Uganda
Ugandan officials are counting on Banff Resources (BFF-V) to lead the East African country back to a significant level of metal production.Uganda’s mining industry has spent about two decades in the d…
Companies (January 26, 1998)
Aber ResourcesAce DevelopmentAdikann GoldfieldsAlberta EnergyAmCan MineralsAmerica Mineral FieldsAnglo AmericanAnglo VaalAnvil Range MiningApex Silver MinesAsarcoAshanti GoldfieldsAshton Mining of Can…