South African miners fall behind
Cape Town, South Africa – The mood at the 2011 Mining Indaba conference in South Africa was markedly upbeat as the industry experiences booming growth, but the host nation was left wondering how it had missed out.
Africa
Sherritt supports blindness prevention in Madagascar
Sherritt International (s-t) has donated $32,000 to Seva Canada, to help the charity restore sight and prevent blindness for people in Madagascar.
Sunridge hits more high-grade copper-gold
Sunridge Gold (sgc-v) has released its second round of drill results in two weeks, with more significant gold-copper-silver hits at its Asmara project in Eritrea.
Letter to the editor: How business really gets done in the DRC
Regarding the article “African Copperbelt: still risky after all these years” (T.N.M., Feb. 7-13/11), the problems in the Democratic Republic of the Congo (DRC) have not yet begun.
African Aura’s Nkout tops a billion tonnes of iron ore in Cameroon
A first resource estimate for African Aura Mining’s (aur-v, aaam-l) Nkout iron project in southern Cameroon has more than a billion tonnes.
Risks and rewards in an emerging Africa
Cape Town, South Africa – A record number of delegates descended on Cape Town in early February to hear about new African investment opportunities as countries continue to stablize and open up, though risks remain.
Canaco defends turf and releases strong drill results
Canaco Resources (CAN-V) continues its surge up the market on the back of stellar drill results and the successful defense of its turf in Tanzania. The latest round of assays helped push the company’s share price up 3% or 16¢ to $6.10 on…
The state of mining in South Africa
Cape Town, South Africa – The mood at the 2011 Mining Indaba conference in South Africa was markedly upbeat as the industry experiences booming growth, but the host nation was left wondering how it had missed out.
Auryx moves forward
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjikoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months.
Suppliers News (February 21, 2011)
TMX buys 50% of MinesOnline
Canaco Resources explores Ethiopia (February 21, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in Tanzania’s Handeni district, where last December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1 grams gold, but…
Endeavour Mining adds resources at Youga gold mine
In a bid to extend the lifespan of its Youga gold mine in Burkina Faso, which produced 82,400 oz. gold in 2010, West Africa-focused gold producer Endeavour Mining (EDV-T) is adding resources at three deposits within 3 km of the Youga plant.