Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Company Announcement: Leapfrog signs new Software License Agreement with Barric

ARANZ Geo Limited, developer of 3D geological modelling software Leapfrog Mining, announced today that they have signed a new Software License Agreement with the world’s largest gold producer Barrick.

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...

Syrah sells off Saudi Arabian assets

Diversified explorer Syrah Resources has reached an agreement with ANR Resources to divest of its Saudi Arabian exploration assets for A$800 000. Syrah, through a Saudi Arabian subsidiary, holds 25 exploration licences in Saudi Arabia.

East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...

IMX gains full ownership of Tanzania project as it takes over partner

ASX-listed IMX Resources and TSX-listed Continental Nickel have entered into an agreement to consolidate the ownership of the Nachingwea nickel project, in Tanzania. Under the terms of the agreement, IMX has agreed to acquire all of the issued...

Company Announcement: IMX Resources and Continental Nickel Agree To Business Combination

IMX Resources Limited and Continental Nickel Limited have entered into a definitive arrangement agreement

African Barrick ups royalty pay to Tanzania

African Barrick Gold said it will pay the Tanzanian government an additional 1% in royalty, citing the current gold price environment. The FTSE 250 miner, a unit of the world's largest gold producer Barrick Gold, said the new royalty would be in...

Tanzania 2011 gold production up 13%

Tanzania's gold production rose to 40.4 t in 2011 from 35.6 t a year ago after mining companies invested in higher output due to cash in on the rising price of the precious metal, its central bank said on Tuesday. The east African state, Africa's...

Company Announcement: 2012 Uranium Exploration Update Activities Commence Across Mkuju Tenements

Uranex Limited is pleased to advise that exploration activities, for the 2012 exploration programme have commenced at the Likuyu North Prospect, and the Likuyu South Prospect, both areas being part of the much greater 100% owned Mkuju tenements,...

Kibo says MoU signed for Tanzania coal-fired power station

JSE- and Aim-listed Kibo Mining said on Tuesday a subsidiary of its majority-owned Mzuri Energy has signed a memorandum of understanding (MoU) with an Asian conglomerate to develop a coal-fired power station, in Tanzania. Mzuri Coal and the Asian...

Company Announcement: Completion of Drilling Programme at New Luika Gold Mine

Shanta Gold, the near-term gold producer with operations in Tanzania, is pleased to announce final assay results following the completion of the upgrade drilling campaign at its flagship project, the New Luika Gold Mine, located in the Lupa gold...