Explorer’s share price soars 43% as ‘impressive’ resource estimate is unveiled

On the back of an impressive maiden resource estimate at its Glenover rare earths joint venture (JV) project, in Limpopo, shares in the AIM-quoted emerging exploration company Galileo Resources are up 42.47% to 52p.

PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

Bellzone gets govt nod in Guinea, shares jump

Bellzone Mining said it received an approval from the Guinea government to begin commercial production and export of iron-ore at its Forcariah project there, sending its shares up 34%. Bellzone, which has exploration and development licences in...

Rambler seeks Aim listing, China’s Tinma boosts stake to 16%

TSX-V-listed Rambler Metals on Friday said it agreed to sell an additional C$4.13-million stake to 11.5% shareholder Tinma International. The aspiring mid-tier miner, which owns the Ming copper/gold mine in Baie Verte, Newfoundland and Labrador,...

Gearboxes for 
Namibian mine

Gearbox technology provider Hansen Transmissions South Africa (HTSA), which is a subsidiary of Belgium-based Hansen Industrial Transmissions, has supplied seven gearboxes to a South African mining technology company for a mine in Namibia.

South African stocks up for second straight session

South African stocks rose for the second straight session on Friday, buoyed by upbeat consumer sentiment data out of the United States and a strong sales report from financial group Old Mutual. But Johannesburg-listed shares of Lonmin fell after...

Company Announcement: Positive results from initial Productora metallurgical test work

Metallurgical test work at Hot Chili’s flagship Productora copper-gold-molybdenum project located in Chile has produced very encouraging initial results.

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Tenders arising from a range public sector sectors

Company Announcement: Weekly Drilling Progress Report - Gazelle-P3 ST well

Rialto Energy Limited, provides the following weekly update on drilling operations at the Gazelle-P3 ST Well.

Company Announcement: Maiden reserve highlights potential value of Pan de Azucar and Black Jack Springs

Eureka Energy Limited is pleased to report a maiden independent reserves estimate for its 100%-owned Pan de Azucar project and 9.4% interest in the adjacent Black Jack Springs Unit, located in Fayette County, Texas.

STATE MISCELLANEOUS

Tenders arising from a range public sector sectors

Company Announcement: Weekly Drilling Progress Report - Gazelle-P3 ST well

Rialto Energy Limited, provides the following weekly update on drilling operations at the Gazelle-P3 ST Well.