Eastern Platinum raises $348 million
With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for Phase 1 of its Eastern Limb development plan in South Africa.
Africa
Avion adds to its West African portfolio
Avion Gold (AVR-T,AVGCF-O) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (AXM-V). In total Avion will pay Axmin $500,000 in cash and issuing 4.5 million shares for the…
Three junior potash picks
With potash juniors continuing to enjoy the limelight, Mining Markets asked a few fertilizer analysts for their picks in the sector and came up with three companies that stood out.
Paladin Energy to buy Aurora Energy’s uranium assets
The current moratorium on uranium mining in Newfoundland and Labrador isn’t deterring Australia’s Paladin Energy (PDN-T, PDN-A) from buying the uranium assets of Aurora Energy Resources in the Canadian province in an all-share deal worth $260.9…
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.
Canaco follows dispute resolution with high grades
Vancouver – With licensing issues seemly behind it, Canaco Resources (CAN-V) is back to pulling high-grade intercepts from its Handeni gold project in Tanzania.
Ratel Gold looking to be a King-King maker
Vancouver – For the second time this year, the people behind CGA Mining (CGA-T, CGX-A) are spinning off African assets to concentrate on the Philippines.
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,…