Commodities

Black Mountain Resources (AIM:BMZ) the silver focused development company with interests in the US, has said that it has secured A$3 million strategic long term debt financing with Alcyone Resources Limited (ASX:AYN) which will be utilised towards funding the development of the New Departure and Conjecture Silver Projects. Company chairman Peter Landau said, “We are […]

Sula Iron & Gold (LSE:SULA) a multi-commodity exploration company focussed on Sierra Leone, has appointmented of Mr Andrew Dacey as Non-Executive Technical Director with immediate effect. Additionally, Mr Gareth O’Donovan will step down from the Board in order to focus on his other work commitments. The appointment of Mr Dacey strengthens the Board as the […]

Sable Mining Africa (LSE:SBLM), the AIM listed exploration company, had announced its results for the six month period ended 30 September 2013. OVERVIEW: – Focussed on the rapid development of the high grade, high margin, low capital expenditure 123.5km2 Nimba Iron Ore Project in Guinea – Nimba already the second largest undeveloped on- or near-rail […]

Armadale (LSE:ACP),an AIM quoted investment company focused on natural resource projects in Africa, have issued updated JORC Code Compliant Resource estimate at the Mpokoto Gold Project in the Katanga Province in the south of the Democratic Republic of Congo . Highlights: · 35% increase in total Mineral Resource to 510,000oz gold (‘Au’) from 11.2 million […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has signed a binding Term Sheet with Anglo American plc and Kumba Iron Ore (Pty) Ltd , a leading supplier of iron ore and member of the Anglo American group, to advance its Mebaga DSO Iron Ore Project in Gabon, West […]

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, has raised £4.5 million (approximately $7.3m) by way of a placing of 60,000,000 new ordinary shares in the Company at a price of 7.5 pence per Placing Share with existing and new institutional investors. The funds raised will be used to […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has said that it has raised approximately £700,000 before costs by way of a placing of 36,114,427 new ordinary shares in the company at a price of 1.95 pence per Placing Share with institutional investors. Additionally, for every two Placing Shares, […]

North River has announced to investors a completed by Snowden Mining Industry Consultants, at its Namib Lead Zinc Silver project in Namibia. Highlights: · 129% increase in overall resource to 1,527,000 tonnes · Significant increase in fresh ore resource to 917,000 tonnes, and upgrade in classification category · Maiden tailings resource identified of 610,000 tonnes […]