Rusal feels the chill in Guinea
Guinean President Moussa Camara says Russia’s Rusal short changed the government on a 2006 deal and will seek remed…
Africa
First Quantum Earns US$45.9M In 2008
VANCOUVER — Despite record copper production First Quantum Minerals (FM-T, FQVLF-O) managed to earn just US$45.9 million in 2008 as the plunging copper price forced the company to take major investme…
Forsys Takeover Deal May Be On The Ropes
It’s been a wild ride for Forsys Metals (FSY-T, FOSYF-O) shareholders since George Forrest International Afrique (GFI) said it would need more time to pay up for the company and its Valencia uranium d…
Great Basin Raises $130M For Burnside Gold Project
Great Basin Gold (GBG-T, GBG-X) is determined to get its Burnside gold project in South Africa up and running by July 2010 and has completed an equity financing to do it.
Semafo Posts Record Financial, Operational Results
It may have been a year many companies would prefer to forget, but 2008 was one of the best years in Semafo’s (SMF-T, SEMFF-O) history.
Axmin Sees Potential Gold Mine In Sierra Leone
VANCOUVER — A scoping study on Axmin’s (AXM-V, AXMIF-O) Komahun joint-venture gold project in Sierra Leone, about 250 km east of Freetown, has indicated it would be economic to develop.
Equinox into production in Zambia
Vancouver – After several years of hard work, Equinox Minerals (EQN-T) is into production at its massive Lumwana …
Centamin gets big boost in reserves
Centamin Egypt (CEE-T, CNT-A, CEY-L) has taken in some bullish news as it drives towards production at its Sukari G…
Guinea’s Erratic Politics Unsettle Miners
Guinea’s new military chief is keeping mining companies in the West African nation on pins and needles after yet another televised threat against a foreign mining firm there.
Moto raising US$50M
Vancouver – Moto Goldmine’s (MGL-T) share-price spent the better part of 2008 in a steep dive, sinking as low as 80…
IBI Corp. is banking on uranium in Uganda
Less than 8% of Uganda’s 30 million population has access to electricity and power shortages have severely curtaile…
Caledonia to resume mining operations in Zimbabwe
Caledonia Mining (CAL-T, CALVF-o, CMCL-l) suspended gold production in Zimbabwe in October 2008 because it was neve…