Semafo posts record financial results for 2008
It may have been a year many companies would prefer to forget, but 2008 was one of the best years in Semafo’s (SMF-…
Africa
Lucara wants Motapa Diamonds
Lucara Diamond (LUC-V) is in talks to acquire Motapa Diamonds (MTP-V). The two companies are joint-venture partners…
Anglo American sells remaining stake in AngloGold Ashanti
Anglo American (AAUK-Q, AAL-l) no longer owns any shares in AngloGold Ashanti (AU-N, AGD-l).
Situation in Madagascar worsening
Madagascar is in a state of upheaval, and while foreign miners with operations there say they have thus far been un…
Raising $5.3M Helio CEO details Tanzanian drill program
Vancouver – A cashing-up Helio Resource (HRC-V, HELOF-O) is tentatively planning a 20,000 metre drill program at it…
Tanzanian Royalty and Songshan Mining sign option agreement
In a deal that brings together two of his interests — Africa and the emerging economies of Asia, and in particular…
Clarification (March 16, 2009)
In our Feb. 9-15/09 issue, we stated in the article “Cliffs buys into KWG on ‘Ring of Fire’ chrome discovery” that chrome is a byproduct of Bushveld platinum group metals mining.
West Africans Ask Miners For More Training, Transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infrastructure development and provide more training to local people.
Can Forrest fund the Forsys acquisition?
Forsys Metals’ (FSY-T, FSY-N) market run was dealt a severe blow after it announced George Forrest Internati…
Axmin proposes US$69M gold mine in Sierra Leone
Vancouver – Axmin (AXM-V, AXMIF-O) received positive economics in a scoping study of its joint-venture Komahun go…
Denison delineates Zambian uranium
Vancouver – Denison Mines (DML-T) has defined a uranium resource in Zambia and plans to push through feasibility st…
Troubles in Madagascar
Madagascar’s army has been taken over by a rebel solider triggering fears of a civil war on the island nation.