$35m, seven-year project loan facility to fund the Penumbra

Africa-focused coal mining investment and production company Continental Coal Limited (CCL) has confirmed that its South African subsidiary has executed binding loan documentation with Absa Capital, a division of financial services group Absa Bank...

Frischgewaagd-Ledig platinum project, South Africa

The development activities aimed at transforming the Frischgewaag-Ledig project into the next major platinum-group metals mine are under way.

Westgold secures debt financing for A$80m

ASX-listed Westgold Resources has secured up to A$80-million through a project loan facility to fund the development of its Central Murchison gold project. Westgold has reached an agreement with financial institution Credit Suisse to act as the...

Company Announcement: Expanded Drill Program at Mutiny’s Deflector Deposit

Mutiny Gold Ltd (“Mutiny” or “the Company”) is pleased to provide an update to the current drilling program underway at the Company’s flagship Deflector deposit. On December 8th 2011 Mutiny Gold commenced a new 12,000m RC & Diamond Drill...

Morocco office to enable ground-level support

International legal practice Norton Rose Group is confident that its fifth African office opened in Casablanca, Morocco in October last year, will strengthen its African footprint.

Bandanna appoints new CEO

Coal explorer Bandanna Energy has appointed Michael Gray as CEO effective from the first quarter of 2012, at which time he would also joint the board as MD. Gray has more than 20-years experience in the planning and development of major mining...

Company Announcement: Perkoa JV Project Update

Blackthorn Resources Limited is pleased to provide the following project update on the Perkoa JV Project in Burkina Faso, West Africa.

India’s NMDC to use Legacy as its Australian acquisition entity

India’s largest iron-ore miner, National Mineral Development Corporation (NMDC), has cemented a deal to buy a 50% stake in Legacy Iron, which it plans to use as its exclusive Australian acquisition entity. NMDC, which has earmarked $500-million...

Geovic in talks to finance Cameroon cobalt project, could reduce stake

Geovic Mining may be prepared to lower its ownership level in the Nkamouna cobalt/nickel/manganese project in Cameroon to help finance the mine's development, president Barbara Filas said. Asian battery firms have expressed interest in a...

Industry is reluctant to invest in EPC contracts – Deneys Reitz

South African legal firm Deney Reitz reports the mining lenders’ and sponsors’ market is still reluctant to invest in engineering, procurement and construction (EPC) contracts and financial procurement post the global financial crisis (GFC).

Aura Minerals to start feas study on Brazil copper/gold project

Vancouver-based Aura Minerals expects to complete a feasibility study for its Araparica copper/gold/magnetite project in Brazil later this year and will likely make a construction decision late in 2011 or early 2012, outgoing CEO Patrick Downey...

Company Announcement: Quarterly Report

Attached please find a press release on: On the 14 October 2010, Blackthorn Resources’ shareholders approved the Company entering into the Perkoa Joint Venture (JV) with Glencore International AG (“Glencore”). The JV was completed and became...