Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower preliminary operating results for the second quarter.
Africa
Frontier cuts deal with Koreans to advance Zandkopsdrift
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) has put itself in a solid position, thanks to a deal with a deep-pocketed Korean consortium.
NGEx Resources kicks off potash drill program
NGEx Resources (NGQ-T) has begun drilling its Bada potash project, about 150 km southeast of Asmara, the capital of Eritrea, and about 30 km inland from the port of Mersa Fatma on the Red Sea.
AngloGold’s move lifts First Uranium
AngloGold Ashanti (AU-N) clearly likes the discounted price of uranium plays, and its confidence in one producer is reverberating through the market.
Avion gets busy in West Africa
Avion Gold (AVR-T) had a busy second quarter expanding its West-African projects, increasing its ownership in its Burkina Faso asset, and preparing a maiden reserve estimate for its Tabakoto gold project in Mali.
Midlands gets the cash for Sian
With its latest round of financing complete Midlands Minerals (MEX-V) is set to get aggressive on its drill program in Ghana. The company closed a fully subscribed financing deal that raised $7.5 million for its coffers – a sum that will bring…
Orezone expands Bombore project area
When the shares of most companies were tanking yesterday in what turned out to be the worst day on the markets since December 2008, shares of Orezone Gold (ORE-T) edged 4.32% higher or 13¢ to close at $3.14 on news it had received…
South African dealmaker Roach finds US$100M for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic is not a job most people would relish. Taking the job without a salary to save the company money – well, that seems less…
China’s Hanlong looking at Bannerman
Chinese conglomerate Sichuan Hanlong Group is interested in Bannerman Resources’ (BAN-T, BMN-Z) Etango uranium project in Namibia, one of the largest undeveloped uranium resources in the world.
Platinum Group secures US$260 million loan
Vancouver – Platinum Group Metals (PTM-T) has answered one of the big questions remaining on its South African platinum project by securing a US$260-million loan.
Great Western Minerals to build plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth separation plant in South Africa.
Hana keeps the drills turning at Ghanzi
As Hana Mining (HMG-V) continues to drive towards getting the world’s next significant copper mine built at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana Zone.