First Uranium to slash its workforce by half at Ezulwini
First Uranium (FIU-T) says it may cut up to 1,850 jobs at the Ezulwini gold-uranium mine in South Africa because it has not been able to sustain production levels.
Africa
How to make it as a gold miner in Africa
If you ask Mark Bristow what it takes to build a successful gold mining company in Africa, he’ll start by telling you what it doesn’t take.
London Mining gets the iron ore out of Sierra Leone
The world’s latest iron ore mine comes out of a former key producer that is looking to get back on the mining track.
Tigray drills Terakimti prospect
Assay results from three drill holes at Tigray Resources (TIG-V) 70%-owned copper-gold-silver-zinc deposit in northern Ethiopia returned an intercept of 73.85 metres grading 3.77% copper, 1.31 grams gold per tonne, 14 grams silver per tonne and…
Chalice Gold looks to sell its main asset
Chalice Gold Mines (cxn-t, chn-a) could potentially sell its 60% stake in the Zara gold project in northern Eritrea.
U.K. fraud office looks into Eurasian Natural Resources
London, U.K. – The Serious Fraud Office (SFO), an independent department of the British government that investigates and prosecutes serious or complex financial fraud and corruption, is looking into allegations of unlawful activity at Eurasian…
Canaccord: Keegan shares oversold
Keegan Resources (KGN-T, KGN-X) shares are undervalued, even considering the new tax changes proposed in Ghana, Canaccord Genuity mining analyst Nicholas Campbell argues in a research note, adding that the gold junior could be targeted by an…
What it takes to build a successful gold mining company in Africa
London, U.K. – If you ask Mark Bristow what it takes to build a successful gold mining company in Africa, he’ll start by telling you what it doesn’t take.
La Mancha planning second life for Hassai
Vancouver – For the past six years Martin Amyot has been making an annual trek to Vancouver to try and convince investors that not only has Sudan had a gold mine in continuous operation since 1991, but also that the mine will be in operation…
Kofi results encourage Avion Gold
Drill results from the C zone of the Kofi property in Mali, West Africa show “excellent potential” for Avion Gold (AVR-T, AVGCF-O) to define a “near-surface, high grade, mineable gold deposit” says the company’s senior vice president of…
Allana Potash sketches US$796M capex for Dallol
Allana Potash (AAA-T, AAA-V) is painting a rosy picture of its Dallol potash project in Ethiopia, with a positive preliminary economic assessment (PEA) that estimates start-up costs at US$796 million.
Platinum Group makes new Bushveld discovery
Platinum Group Metals (PTM-T) has hit high-grade precious metal intercepts in an area north of the previously mapped Bushveld complex in South Africa.