IFC to arrange $50m Axmin debt deal

Axmin, which trades on the TSX-V, said on Friday the World Bank’s International Finance Corporation (IFC) had agreed to arrange $50-million in debt to fund the company’s Passendro gold project in the Central African Republic (CAR). As part of...

AFRICA

Tenders for work in the rest of Africa excluding South Africa

Africa

Tenders for work in the rest of Africa excluding South Africa

Africa

Tenders for work in the rest of Africa excluding South Africa

Africa

Tenders for work in the rest of Africa excluding South Africa

Areva uranium deal eyed amid fraud allegations

Controversy over Areva's $2.5 billion purchase of uranium miner UraMin grew on Friday after a consultant said the French state-owned company may have been the victim of a fraud. The nuclear energy group has launched an internal enquiry into the...

Resource investment opportunities in Africa abound

With commodity demand soaring, the world’s mining companies are increasingly turning to Africa to deliver resources to growing economies. As the continent is known to harbour vast quantities of natural resources including diamonds, gold,...

Resource investment opportunities in Africa abound

With commodity demand soaring, the world’s mining companies are increasingly turning to Africa to deliver resources to growing economies.

Axmin to offload majority stake in Sierra Leone gold assets

Canadian junior Axmin on Tuesday said it agreed to sell a 51% stake in its Sierra Leone gold exploration assets to Polo Resources for $7.5-million, as it moved to focus on its Passendro gold project in the Central African Republic (CAR). Axmin...

State-owned mining researcher Mintek keeping head above water

South Africa’s R400-million-a-year State-owned minerals research institute, Mintek, managed to generate a slender profit of R1,7-million in 2009/10, which was something of an annus horribilis for many in the wake of the global economic...

State-owned mining researcher Mintek keeping head above water

South Africa's R400-million-a-year State-owned minerals research institute Mintek managed to generate a slender profit of R1,7-million in 2009/10, which was something of an annus horribilis for many in the wake of the global economic meltdown. It...

Axmin to spin out Sierra Leone properties

TSX Venture Exchange-listed Axmin plans to spin out its assets in Sierra Leone into a separate company, in which Axmin will retain about 40%. Axmin's main asset is the Passendro gold project, in Central African Republic.