Africa

Newmont ups stake in Loncor Resources

DR Congo explorer Loncor Resources (ln-v) is $6.8 million richer after Newmont Mining (nmc-t, nem-n) exercised some 2 million in-the-money warrants worth $2.9 million and took down a non-brokered $3.9 million private placement. Newmont Mining…


Keegan adds ounces to Esaase

Vancouver – Keegan Resources (KGN-T, KGN-X) has added about a million oz. gold to its Esaase project in southwest Ghana after incorporating an additional 90,000 metres of drilling over 320 holes.


Energizer Resources adds to resource at Green Giant

As demand for vanadium increases with new battery technologies, London-based Objective Capital Research believes Energizer Resources (EGZ-V) and its Green Giant vanadium project in Madagascar is undervalued.




Forbes and Manhattan Coal boost export capacity

Forbes and Manhattan Coal (FMC-T) currently exports about 35% of the coal it produces at its two mines in South Africa but plans to raise that percentage to about 80% by 2013 on the back of a new agreement with Transnet Freight Rail and…


Gold miners on tenterhooks in Cte d’Ivoire

Côte d’Ivoire (Ivory Coast) witnessed a wave of political violence in early December in the wake of a disputed Nov. 28 national election that saw two rivals each claim they’d won the presidency and appoint their own prime ministers and…


Perseus nears production in Ghana (December 08, 2010)

Vancouver – With less than a year to go before it joins the ranks as a gold producer, Perseus Mining (PRU-T, PRU-A) is pulling promising infill and exploration results from both of its key projects: the Central Ashanti gold project in Ghana,…


Allana gets the cash to explore more Ethiopian potash

With $12.4 million in its pocket Allana Potash (AAA-V) is set to take its potash play in Ethiopia to the next level. The company managed to close a private placement for 24.3 million common shares at a price of 51¢ per share — a 4%…



MDN looks north in Tanzania

The latest drill results from MDN’s (MDN-T) Ikungu gold property in Tanzania show the company to be following through on its goal of proving up mineralization at depth. The latest assays come from four holes that are part of its ongoing 13…



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