Resolute Mining (RSG-X) – the second-largest gold producer listed on the Australian Stock Exchange – may be preparing to wind down its Golden Pride mine in Tanzania in East Africa over the next 24 months after twelve very successful years and…
SITE VISIT: Balfour, South Africa – In July 2006, Great Basin Gold (GBG-T) started building its Burnstone gold mine in South Africa, looking to be the first new gold producer in the Witwatersrand basin in 30 years.
The Democratic Republic of the Congo will lift a ban on mining in its eastern provinces that it imposed in September to try to cut off funding to armed groups. The decision came just one day after an attack against the Kinshasa residence of…
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.
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 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.
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.
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.
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 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…
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.
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.
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