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Alecto raises working capital for Mowana ramp-up

By: Megan van Wyngaardt     7th June 2017 Aim-listed gold miner Alecto Minerals has raised £800 000 through the issue of further convertible loan notes to further complete its reverse takeover of Cradle Arc Investments, which owns the Mowana copper mine, in Botswana. The mine is ramping up to full production capacity and is on track to... 

Tawana raises A$15m for Bald Hill

By: Esmarie Swanepoel     27th April 2017 ASX-listed Tawana Resources will raise A$15-million through a share placement to advance the Bald Hill lithium and tantalum project, in Western Australia, to commissioning by late 2017. Tawana on Thursday said that it has received firm commitments from domestic and offshore institutional... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba 

By: Terence Creamer     31st July 2015 Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... 

Lace underground tunnel development slower than planned

By: Megan van Wyngaardt     31st July 2015 Underground tunnel development at Southern Africa-focused diamond developer DiamondCorp’s Lace diamond mine, in the Free State, is proceeding slower than planned, owing to fractured ground close to old workings; however, the development work in the Upper K4 (UK4) block remains close to schedule... 

DiamondCorp starts Lace diamond mine development

By: Natasha Odendaal     24th January 2013 Southern African diamond development and exploration company DiamondCorp initiated the 47-level development activities at its R384-million Free State-based Lace diamond mine. The JSE- and Aim-listed group said that, with the project now fully funded, it could expect first diamond recovery during... 

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