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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Cora completes, submits ESIA for Mali project

6th July 2022 Aim-listed Cora Gold has completed and formally submitted its environmental- and social-impact assessment (ESIA) for its flagship Sanankoro gold project, in Mali, to the authorities for approval. The ESIA was completed by environmental consultants Digby Wells Environmental in alignment with the... 

Akobo Minerals secures first phase of Segele project financing

6th July 2022 Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Barrick highlights sustainable value creation at Kibali in the DRC

6th July 2022 NYSE- and TSX-listed Barrick Gold says the Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4-billion and has created a “thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities... 

BlueRock signs loans note subscription agreement for £1.6m

6th July 2022 Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Alphamin achieves record quarterly output, declares dividend

5th July 2022 TSX-V- and AltX-listed Alphamin Resources achieved record quarterly tin production of 3 180 t from its high-grade operation in the Democratic Republic of Congo (DRC) for the three months ended June 30. Output was 4% higher than that produced in the quarter ended March 31. 

NevGold closes option to acquire Nutmeg Mountain gold project

5th July 2022 Mineral exploration and development company NevGold has announced the closing of the option agreement to acquire the Nutmeg Mountain gold project, in Idaho, and a C$1-million strategic investment by TSX- and NYSE-listed GoldMining. “NevGold is very pleased to close the option agreement on Nutmeg... 

Mosaic acquires 100% interest in Gaboury, 113 North projects

5th July 2022 Canadian mining exploration company Mosaic Minerals has signed an agreement to acquire 100% of the interest in the Gaboury project, in Témiscamingue, Québec and 113 North project in Abitibi, Québec, from TSX-V-listed Fokus Mining. To acquire 100% interest in the Gaboury and 113 North projects,... 

Edenville restructures board as it plans to expand Rukwa project

5th July 2022 Aim-listed Edenville Energy, operator of the Rukwa coal project, in Tanzania, has announced the restructuring of its board as the company plans to expand the project to benefit from the increased demand and pricing for coal, together with exploring other opportunities to broaden the company’s... 

AfriTin subsidiary secures N$100m lending facility to further Uis project’s development

5th July 2022 Aim-listed AfriTin Mining’s majority owned subsidiary, Uis Tin Mining Company, has entered into a conditional, credit-approved term sheet for a lending facility with the Development Bank of Namibia to fund the Uis Phase 1 Stage II Continuous Improvement project, in Namibia. The proposed lending... 

Caledonia declares quarterly dividend, reports strong output

5th July 2022 NYSE- and Aim-listed Caledonia Mining, which owns and operates the Blanket gold mine, in Zimbabwe, has declared a quarterly dividend of $0.14. Gold production so far this year has been strong and Caledonia says it is on track to reach targeted production of 73 000 oz to 80 000 oz of gold this year. 

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