Lucara in $60m financing for African diamond projects
Vancouver – With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60 million private placement to help move them forward.
Africa
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…
GC4C to raise funds for students at Roundup
Global Change for Children (GC4C) will kick off its 2011 fundraising campaign at Mineral Exploration Roundup, to be held Jan. 24-27 in Vancouver.In keeping with the conference theme, “Exploring Today for Tomorrow’s Resources,” the registered…
Broadway actor launches Sierra Leone gold explorer
With roles in the latest James Bond movies Casino Royale and Quantum of Solace and a parallel career on Broadway, actor Jeffrey Wright is a busy man. His performances have earned him a Tony, a Golden Globe and an Emmy, but over the last seven…
Northern Rand pulls out of deal for Tanzanian permits
Land issues in Tanzania have become a more common theme as of late.
Newmont ups stake in Loncor
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 boosted its…
Rio offers A$3.9 billion for Riversdale
Vancouver – Rio Tinto (RIO-N, RIO-L) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (RIV-A), an Australian coal company with one mine in operation, one in construction, and one primed for development.
Energizer ups Green Giant
With vanadium demand increasing for new battery technologies, London’s Objective Capital Research says Energizer Resources (egz-v) and its Green Giant vanadium project in Madagascar is undervalued.Objective Capital, which states in its 40-page…
Hana grows Banana resource ahead of PEA
An updated estimate has increased the copper-silver resource at the Ghanzi project in Botswana by more than 40% for Hana Mining (hmg-v), providing a solid foundation for a preliminary economic assessment (PEA) due out in February.The new…
Award-winning actor launches gold explorer in Sierra Leone
With roles in the latest James Bond movies Casino Royale and Quantum of Solace and a parallel career on Broadway, award-winning actor Jeffrey Wright is a busy man. His performances have earned him a Tony, a Golden Globe and an Emmy, but over…
Nevsun pours first gold at Bisha (January 04, 2011)
Nevsun Resources (NSU-T, NSU-X) has poured its first gold on time and under budget at Bisha, Eritrea’s first modern-day mine, the company reported today.