Mining

So, how did they do? Sable Mining Africa Ltd, the AIM listed iron ore exploration and development company, has presented its results for the year ended 31 March 2014. Highlights · Focus on the high grade, high margin, low capex Nimba Iron Ore Project in south-east Guinée · Nimba distinguished as one of the largest […]

Mariana Resources secures up to US$6 million investment to fund growth of South American exploration portfolio over the next 12 months Mariana Resources Ltd , the AIM quoted exploration and development company focused in Peru, southern Argentina and Chile, has entered into a convertible securities issuance deed with Bergen Global Opportunity Fund, LP, an institutional […]

Talks of completed 60 tonne per hour mill DekelOil Public Limited, a palm oil development company with interests in Côte d’Ivoire, has announced its interim results for the year ended 30 June 2014. Highlights: · DekelOil successfully established as a revenue-generative, EBITDA-positive vertically-integrated CPO producer in the Cote d’Ivoire · Successful commissioning of a 60...

African Minerals shares (LSE:AMI) have crashed – dropping significantly for the most part of the year. The bearish bias is so strong that anyone that goes long in this market would be sliced up. In the chart, the ADX period 14 is above the level 50, showing a very powerful trend. The DM+ is below […]

Nayega Manganese Project, Togo – New Ferromanganese Strategy, Definitive Feasibility Study and Mining Licence Update Ferrex plc, the AIM quoted iron ore and manganese development company focused in Africa, has provided a strategic update from the 92,390Ha Nayega Manganese Project, held through Societe Generale de Mines, located in northern Togo. The Company is focussed on […]

Company argues of “substantial” progress made Paragon Diamonds Limited, the AIM quoted diamond development and production company, has issued audited final results for the six months to the 30 June 2014. Overview: * Substantial progress made towards building a cash generative diamond production company with a portfolio of multi-stage projects located in known diamondiferous regions...

Update re: Ethiopian Wayu Boda JV Gold Project Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has been formally notified by its Joint Venture partner Centamin plc that, following the completion of the recent exploration programme, it will continue to satisfy the initial expenditure commitment at the […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards in a significant mode since the middle of July 2014. From the supply level at 1344.80, the price has tested the demand level at 1225.50. This is a downward movement of close to 2000 points. The weakness in the market remains valid and the price […]

High Quality VMS Copper Drill Targets Identified in Block 5, Oman Savannah Resources plc (LSE:SAV) announces that field reconnaissance of high priority Versatile Time Domain Electromagnetic Survey targets at the Company’s prospective Block 5 Copper Project, located in the strongly mineralised Semail Ophiolite Belt in northern Oman, has identified a number of high quality drill […]

First Exploration Drill Hole Completed Intercepts Potash Mineralisation African Potash, the AIM listed company focused on sub-Saharan potash assets, has successfully intersected potash mineralisation at its Lac Dinga Potash Project in the Republic of Congo. LDDH_001 drill hole is the first of two holes to be completed within the Project area. Highlights: · LDDH_001 intersected […]