Afferro in talks with potential partners over funding, offtake

Afferro Mining, searching for iron in Cameroon and Liberia, plans to raise £15.5-million in a share sale to fund the development of its Nkout and Putu projects. Evolution Securities and RBC Capital Markets will act as the joint lead bookrunners,...

African Aura’s precious metals spin-out to ‘unlock value’ – analysts

Analysts this week reacted positively to news that TSX-V and Aim-listed African Aura Mining, which owns iron-ore and gold projects in West Africa, would spin out its precious metal prospects into a new company. Both Fairfax and RBC Capital...

African Aura sees potential for significant iron-ore project in Cameroon

West Africa-focused African Aura Mining reported on Tuesday that it had intersected significant widths of hematite and magnetite banded iron formation mineralisation at its Nkout project, in southern Cameroon. Luis da Silva, president and CEO of...

Liberia grants African Aura licence to build $2,5bn iron-ore mine

Sub-Saharan Africa-focused exploration company African Aura Mining expects to spend up to $2,5-billion on developing its Putu iron-ore project, in Liberia, for which it was granted a mineral development agreement (MDA) on Wednesday. The MDA,...

African Aura may consider splitting iron-ore, gold

Aim- and TSX-listed African Aura Mining could potentially look at splitting its African iron-ore and gold assets into separate companies, CEO Luis da Silva has indicated. Answering questions at a Toronto investment seminar hosted by Proactive...

African Aura to complete Cameroon gold study in 2011

West Africa-focused African Aura Mining plans to deliver a definitive feasibility study for its New Liberty gold project, in Cameroon, during the first half of next year. The TSX Venture Exchange and Aim-listed company told shareholders in a...

African Aura raises £11m for Liberia, Cameroon projects

West-Africa focused African Aura Mining on Wednesday raised £11,3-million, or about $17,5-million, in a share placement that would ensure that all of its iron-ore and gold assets in Liberia and Cameroon would be fully funded over the coming 14...

Stellar Diamonds to increase production at Guinea mines

Aim-listed Stellar Diamonds was acquiring additional mining equipment to further boost production and processing capacity at its Mandala and Bomboko diamond mines, in Guinea, the company reported on Monday. Among other equipment, it would install...

Stellar Diamonds to relist on Aim next week

The enlarged Stellar Diamonds entity, which would include the merged West African Diamonds (WAD), would relist on London’s Aim market on February 22. Outgoing WAD chairperson John Teeling on Friday said that its shareholders had approved the...

Mining junior advances Liberian 
gold, iron-ore projects

African mining junior African Aura Mining reports that significant progress is being made at its New Liberty gold and Putu iron-ore projects in Liberia.

Severstal’s Granovsky appointed to African Aura board

TSX- and Aim-listed explorer African Aura Mining has appointed Boris Granovsky as a nonexecutive director of the company. Granovsky is currently the head of strategy and corporate development at Severstal Resources, and is that company’s...

Stellar Diamonds to list on Aim early next year – WAD chair

The enlarged Stellar Diamonds entity, which would include the merged West African Diamonds (WAD), would relist on London’s Aim market in early February, WAD chairperson John Teeling told shareholders at the company’s annual general meeting on...