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Wolfden Resources terminates Murray Brook acquisition, opts for Manitoba claim

By: Henry Lazenby     Updated 1 hour 11 minutes ago Base metals explorer Wolfden Minerals has cancelled its exclusivity agreement with Votorantim Metals Canada to buy a 65% interest in the Murray Brook project, the fifth-largest massive sulphide deposit in the Bathurst Mining Camp (BMC) of New Brunswick, settling instead for a Manitoba... 

Well-known institutional investor joins U3O8 Corp’s board

By: Henry Lazenby     Updated 1 hour 42 minutes ago Uranium explorer U3O8 Corp has appointed well-known institutional investor David Franklin to its board with immediate effect. Franklin brought to the board a proven record of mining investment experience that would help U3O8 Corp’s expand its investor reach and position the company for further... 

Eldorado Gold renews share purchase scheme

By: Henry Lazenby     Updated 4 hours ago Canadian gold producer Eldorado Gold has renewed its share-buying programme for another year, in order to satisfy obligations under its restricted share unit plan (RSU plan) for employees, officers of the company or a related entity as the designated by the board. Eldorado on Friday reported... 

Buffalo considers restructuring, placed under TSX delisting review

By: Megan van Wyngaardt     Updated 5 hours ago Troubled coal miner Buffalo Coal said on Friday that it would continue to consider restructuring alternatives at its Dundee operations, in KwaZulu-Natal, and advised shareholders that it was under a TSX delisting review. The dual-listed South Africa-focused company’s finances were under strain,... 

TKAG wants Karoo exploration delayed until conclusion of enviro assessment

By: Natasha Odendaal     Updated 6 hours ago The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan Deal said in an open letter... 

TKAG wants Karoo exploration delayed until conclusion of enviro assessment

Tanzania's gold output rises in 2014, snaps two-year decline

By: Reuters Tanzania's gold output edged up 1.26% in 2014 to 1.27-million ounces, snapping a two-year decline, government data showed on Friday. Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali and gold exports are a key source of foreign exchange. Export earnings however... 

Western Australia extends helping hand to Atlas

By: Esmarie Swanepoel The Western Australian government on Friday extended a helping hand to struggling iron-ore miner Atlas, with Mines and Petroleum Minister Bill Marmion announcing that he had extended the government’s royalty assistance programme to the miner. Atlas would receive support in the form of a 50%... 

Western Australia extends helping hand to Atlas

Minister sees plenty of opportunities for METS sector despite mining’s phase shift

By: Esmarie Swanepoel Australia’s mining equipment, technology and services (METS) sector would be vital to increasing the country’s competitive strength, Industry and Science Minister Ian Macfarlane said this week. Speaking at the Austmine conference, in Brisbane, Macfarlane noted that during 2012/13, the METS... 

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