Company Announcement: Puntland Drilling Update

Range Resources Limited announces that drilling on the Shabeel-1 well on the Dharoor Block in Puntland, Somalia and has reached a total depth of 3,470 meters and has encountered metamorphic basement at a depth of 3,430 meters.

Company Announcement: Puntland Drilling Update

Range Resources Limited is pleased to provide an update on the drilling operations on the Shabeel well in Puntland, Somalia which is being drilled by its Joint Venture Operator, Horn Petroleum Corp.

Company Announcement: Views from the Trading Floor

Oil & Gas Tower Resources (LON:TRP) slipped 10% to 3.55p after the company announced has raised GBP5.41 million before expenses through a conditional placing of 180.33 million new ordinary shares at 3 pence per share. As previously announced, the...

Strong prices, production news boost value of WA-listed miners

The market capitalisation of Western Australia-listed companies, which comprise the Deloitte Western Australia Index, increased by 9.6% in January to a close of A$168.9-billion, the advisory firm reported on Tuesday. Deloitte noted that the...

Company Announcement: FoxDavies Daily Monitor

Afren plc (AFR LN, 115.0p, ▲ 4.07%) have announced a new oil discovery at their Okoro East exploration well, offshore Nigeria. The well encountered 549 ft true vertical thickness of net oil pay and 41 ft of net gas pay in reservoir sands of...

Chinese group to pay $80m-plus for Chalice's Eritrean gold project

Toronto- and Australia-listed Chalice Gold late on Tuesday said it agreed to sell its 60% stake in the Zara gold project in Eritrea to China SFECO Group, a subsidiary of Shanghai Construction Group, for as much as $100-million. The deal is...

Africa

Tenders for work in the rest of Africa excluding South Africa

Chalice puts Eritrea gold project on chopping block

TSX- and ASX-quoted Chalice Gold Mines said on Monday it signed a nonbinding agreement to sell its Zara project in Eritrea, the East African State that the UN slapped with further sanctions last week. The junior did not disclose the name of the...

Nevsun sees no direct impact from Eritrea sanctions

Gold miner Nevsun Resources on Tuesday said there would be no direct impact on its operations in Eritrea, following the United Nations Security Council (UNSC) tightening two-year-old sanctions against the State this week, following a UN-report...

UN council waters down Eritrea sanctions resolution

A resolution tightening sanctions on Eritrea, expected to be passed by the UN Security Council next week, has been watered down and no longer bans investment in the country's promising mining sector. In an unusual arrangement, Eritrean President...

Nevsun names former Silver Wheaton VP Bourchier COO

Nevsun Resources, which operates the Bisha gold mine in Eritrea, on Thursday appointed Frazer Bourchier as COO. Bouchier, an engineer, will have oversite of the mine, and will also help Nevsun’s management to seek out acquisitions of producing...

Nevsun not fretting over Eritrea sanction threats

Nevsun Resources, the Eritrea-focused gold miner that dropped 17% on Wednesday on fears proposed sanctions for the Horn of Africa state would harm its business, said this week the move would not likely be successful and would “starve the people...