Labrador Iron Mines announces C$25.2m equity financing

Canada’s newest direct-shipping iron-ore producer Labrador Iron Mines (LIM) on Friday said it had entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity for a C$25.2-million equity financing. The...

Nuclear body defends role of technology in SA’s energy future

In response to a call made by Energy Intensive User Group (EIUG) chairperson Mike Rossouw for a review of South Africa’s nuclear programme, owing to the EIUG’s affordability concerns, the Nuclear Industry Association of South Africa (Niasa)...

Uranium spot prices set for an increase - RCR

Equity researcher Resource Capital Research (RCR) has predicted that the uranium spot price would continue with its upward trend, in what it said could be the start of a sustained market rally for uranium and uranium equities. “Near-term...

07/12/2012 (On-The-Air)

Anglo American is building 23 000 houses for its workers, making sure there is only one person per room in its hostels and opening up a debate with its workers on the migrant labour curse; South Africa moved ahead this week with two big train and...

Greenland seeks to enable uranium production

Greenland’s Parliament recently showed unanimous support from all political parties to fast-track an independent review to finalise the government-driven, multiyear phase of information gathering on uranium production and associated issues....

Company Announcement: Political Developments in Greenland Set to Firm the Government’s Strategy for Uranium Exploitation

Greenland Minerals and Energy Ltd is pleased to provide an update in regard to political developments in Greenland that relate to the Company’s 100% owned Kvanefjeld multi-element project

Hancock targets mid-2013 completion for Roy Hill financing

Iron-ore developer Hancock Prospecting will be launching the financing process for its $10-billion Roy Hill project, in the Pilbara, shortly. Speaking at the Australian Resources Conference, in Perth, executive director Tad Watroba said the...

Resource curse not the only reason for Africa’s poverty

Africa is blessed with abundant minerals, hydrocarbons, agricultural land and forests, but the continent remains the poorest in the world. This situation can improve through increased transparency, says research and advocacy organisation Good...

Commpany Announcement: LontohCoal to Issue 30 Million Shares to Fuel Exponential Growth

South Africa’s emerging energy giant, LontohCoal Limited, has announced placement of a tranche of 30 million shares with investors globally to raise ZAR360 million.

Frontier Rare Earths shares jump; Korean firm gets more scope in SA project

Southern Africa-focused Frontier Rare Earths shares on Tuesday morning jumped 15% on the Toronto bourse following its announcement that South Korean government-owned Korea Resources (Kores) had agreed to significantly expand the scope of the...

Woulfe Mining completes first blast at South Korea project

TSX-V-listed Woulfe Mining, which is developing the Sangdong tungsten/molybdenum project, in South Korea, on Tuesday said the first blast to create the new production portal to the mine was successfully completed. The new portal, which had been...

Company Announcement: Loesche wins order for supply of Coal Milling and Drying system for Korea’s first IGCC demonstration plant project

Loesche has signed a contract with Doosan Heavy Industries & Construction for the supply of two Loesche coal mills type LM 43.4D for the coal-based integrated gasification combined cycle power plant (1 x 300 MW, net) to be built in Taean, South Korea