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Successful Southgold business rescue precedent-setting – lawyer

By: Natalie Greve The successfully concluded business rescue of Southgold Exploration this week has set a precedent in the South African debt restructuring landscape, demonstrating that ailing businesses had a vehicle through which they could potentially avoid liquidation. “This is probably the biggest and most... 

LionGold raises funds to pursue gold assets

By: Esmarie Swanepoel Singapore-listed LionGold would look to raise up to S$202-million through a share placement and warrant issue to fund its acquisition drive. “The S$200-millio we have proposed raising will provide LIonGold with a war chest to take advantage of the immediate, extraordinary opportunities we have... 

Shandong Qixing raises $300m for Stonewall Mining acquisition

By: Esmarie Swanepoel China’s Shandong Qixing Iron Tower has raised some $300-million as part of efforts to conclude the acquisition of ASX-listed Stonewall Resources. In May, the junior gold developer entered into a conditional agreement with Shandong regarding the possible sale of its subsidiary Stonewall Mining... 

Great Basin Gold to secure $35m DIP loan

By: Henry Lazenby Indebted miner Great Basin Gold on Thursday said it was to secure a $35-million loan by order of the British Columbia Supreme Court, following its Companies Creditors Arrangement Act (CCAA) filing made on Wednesday. The company said it had agreed to a “comprehensive” term sheet from its existing... 

Great Basin Gold subsidiary files for creditor protection

By: Henry Lazenby Toronto-listed Great Basin Gold’s embattled South African subsidiary Southgold Exploration on Tuesday filed for bankruptcy protection under the South African business rescue procedures. The announcement followed its parent last week suspending all mining operations at its Burnstone mine, in the... 

Company Announcement: Appointment of New Board Members

Mutiny Gold Ltd is pleased to announce it has appointed two new Board Members. Mr Rowan Johnston and Mr Paul Wright will join the Board as Non-Executive Directors 

Company Announcement: Progress Update on Gold Production and Exploration Projects

Goldplat plc, the AIM quoted gold producer, is pleased to provide apositive operations update on its three main gold projects: the Kilimapesa Gold operating mine in Kenya (‘Kilimapesa’); the Nyieme gold development project in Burkina Faso; and the Anumso gold exploration project in Ghana... 

IFC earmarks $300m for African mining investments over 3 yrs

By: Jade Davenport The International Finance Corporation (IFC) has announced its intention to invest $300-million in mining companies operating in Africa over the next three years. IFC senior investment officer for mining infrastructure and natural resources in Africa and Latin America, Christian Mulamula said... 

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