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Exploration
 
BASE METALS EXPLORATION

Ivanhoe Mines reports ‘exceptional’ grades from first Kipushi assays Restricted

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Africa-focused project developer Ivanhoe Mines on Monday reported that the first batch of assay results from the company's underground diamond-drilling programme at the Kipushi copper/zinc/germanium/lead and precious-metals mine, in the Democratic...
14th July 2014
 
 
FINANCE

Kibo to raise £600 000 in oversubscribed share placing Restricted

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Tanzania-focused mineral exploration and development company Kibo Mining on Monday announced that it would raise £600 000 through the placing of 34.29-million new ordinary shares at 1.75p a share. All of Kibo’s directors would participate in the...
14th July 2014
 
 
VANADIUM

TNG secures Hyundai Steel's backing for Mt Peake Restricted

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Vanadium developer TNG has signed yet another memorandum of understanding (MoU) over its Mt Peake project, in the Northern Territory, this time with Hyundai Steel. The ASX-listed developer reported on Monday that it had executed a MoU with the...
14th July 2014
 
 
CORPORATE ACTIVITY

Giyani closes $600 000 private placement Restricted

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Triple-listed Giyani Gold has closed a fully subscribed nonbrokered $600 000 private placement. The exploration group, which has assets in South Africa and Canada, had placed two-million units at $0.30 apiece to raise funds for general working...
14th July 2014
 
 
LEGISLATIVE ENVIRONMENT

US lawmakers introduce Bill to reform 142-year-old mining law Restricted

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Twenty US legislators had this week introduced a Bill in the House of Representatives looking for reforms to the General Mining Act of 1872, proposing higher royalties for mining companies. The Bill suggests that mining companies be charged a...
11th July 2014
 
 
EXPLORATION

Apollo raises funds to further exploration Restricted

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Junior explorer Apollo Minerals was hoping to raise some A$2.2-million through a share placement to institutional and sophisticated investors. The company would place some 100-million new shares at a price of 2.2c a share.
11th July 2014
 
 
Exploration

Decline in new mining projects Restricted

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Last year saw a decline in the number of new mining projects worldwide, with Africa contributing 29% of the total, although these projects were small, on average, compared with the global norm, says global financial information provider SNL Metals...
11th July 2014
 
 
Exploration

Explorer optimistic about Guinea Restricted

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SEIMANA GOLD PROJECT
Drake Resources has decided to fast-track its work on the project 
Drilling is under way at Australian gold and base metals explorer Drake Resources’ Seimana gold project, in the Siguiri province of northern Guinea. CEO Jason Stirbinskis tells Mining Weekly that the company expects results that reflect the...
11th July 2014
 
 
 
 
 
 
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