India’s NMDC to buy 50% of Legacy for A$19m

The board of Australia’s Legacy Iron on Thursday agreed to sell a 50% stake in the company to India’s National Mineral Development Corporation (NMDC) for A$18.89-million and announced that it was considering spinning off certain assets....

Axmin to spin out Sierra Leone properties

TSX Venture Exchange-listed Axmin plans to spin out its assets in Sierra Leone into a separate company, in which Axmin will retain about 40%. Axmin's main asset is the Passendro gold project, in Central African Republic.

New locomotives to help Transnet increase capacity

The first diesel-electric locomotives to be imported to sub-Saharan Africa were delivered to State-owned Transnet’s Koedoespoort manufacturing facility on Monday, as part of the freight logistic group’s fleet renewal plan and R110-billion...

MDL completes Sabodala spin-out with Teranga listing

The spin-out of ASX- and TSX-listed Mineral Deposits Limited’s (MDL’s) Sabodala project, in Senegal, has been completed with the listing of the project vehicle Teranga Gold on the ASX. Canada-based Teranga completed its listing on the TSX on...

ADX Energy to list gold and base-metals projects on ASX

ASX-listed ADX Energy will complete the spin-off of its gold and base-metals projects into a separately listed entity by November, the oil- and gas-focused company reported on Wednesday.

Pump increases safety, reliability and efficiency

n the past three months, explosives supplier Bulk Mining Explosives (BME) has supplied about 11 Mobile Charging Units (MCUs) to mines in Africa, fitted with its specialised Mobile Pearton Pump, with increased safety, reliability and efficiency...

Company Announcement: Prospectus for $76M Mungana Goldmines IPO Lodged

Attached please find a press release on: Kagara Limited (ASX: KZL) is pleased to announce that the spin-off of its North Queensland gold assets is proceeding following lodgement of the Prospectus for the $76 million Initial Public Offer (IPO) of...

New gold-focused, listed miner to be formed from Kagara spin-off

ASX-listed Kagara announced plans for the spin-off of its Queensland gold assets on Friday, following the lodgment of an initial public offering (IPO) prospectus for Mungana Goldmines. Mungana, which was formed last year to house and develop the...

Resources Watch

Petrochemicals company Sasol allocates 3,1-billion-rand for a new export coal mine, and wants to explore for shale gas in the Karoo; Peter Leon is ‘cautiously optimistic' as South Africa mulls the future for mining; And, Barrick Gold's spin-off...

Gold One plans to spin off Megamine project

ASX- and JSE-listed gold junior Gold One plans to spin off its Megamine project into separately JSE-listed company, CEO Neal Froneman told Mining Weekly Online on Monday. The Megamine project consists of prospecting rights over 16 000 ha in South...

Cape Lambert defers Q Copper IPO

Australian resources and investment company Cape Lambert Resources has withdrawn its initial public offering (IPO) for the project vehicle Q Copper Australia, which was set to list on the ASX at the conclusion of the Lady Annie copper project...

New exploration in Tanzania

Tanzanian mining company Lake Victoria Mining reports that it has identified three new parallel gold veins with positive assay results and has begun completion of property acquisition at the Singida gold project, in Tanzania.