Mining

According to the National Bureau of Statistics, the Chinese economy grew at a rate of 7.7% in 2013. Its GDP grew at exactly the same rate. Hey, a 7.7% growth in either of those categories is considered enviable by many. On the other hand, I think that I recall hearing about certain Western governments (and […]

Wildhorse Energy (WHE), an AIM and ASX listed company focussed on developing underground coal gasification (‘UCG’) and uranium projects in Central and Eastern Europe, has said that the Hungarian Parliament has approved the modification of the Mining Law which now includes UCG specific regulations setting out a legal framework for the development of UCG projects. […]

The following AIM listed companies will be attending the Indaba mining conference in Cape Town from 3-5 Feb 2014: African Potash, Alecto Minerals, Armadale Capital, Beacon Hill Resources, Ferrex and North River Resources. African Potash mkt cap £9.43 million, share price 4p AIM listed African Potash is focussed on sub-Saharan potash assets and is currently […]

Stellar Diamonds plc, the London listed (LSE:STEL) diamond development company focused on West Africa, has provided a positive operational update from its 1.1 million carat Tongo dyke kimberlite diamond project in Sierra Leone. Highlights: · Significant progress has been made in advancing the project up the development curve towards production with Definitive Feasibility Study (“DFS”) […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, have provided investors with an update for the three months to 31 December 2013 and the year ended 31 December 2013) on production and operations at its flagship Gedabek gold/copper/silver mine in western Azerbaijan. Overview: · Gold production at Gedabek for Q4 2013 totalled […]

Beacon Hill Resources, an AIM and ASX listed coal producer, have announced further significant progress with its logistics and rolling stock for the transportation of coking coal from the Tete coking coal fields to the Port of Beira in Mozambique. · Completion of locomotives and wagons which will enable the Company to utilise its 0.5 […]

Alecto Minerals plc (LSE:ALO), the AIM quoted mining exploration company focusing on West and East Africa, has said that it has raised £1,500,000, before expenses, through the issue of 100,000,000 new ordinary shares of 0.01p each at 1.5p per share. The net proceeds of the Placing will be used to further advance the Company’s flagship […]

Armadale, an AIM quoted investment company focused on natural resource projects in Africa, has welcomed the announcement by Mine Restoration Investments Limited, in which Armadale holds an interest of approximately 40%, to commence full coal briquetting commercial production. MRI is listed on the Alt-X Exchange of the Johannesburg Stock Exchange and aims to develop profitable […]

North River has submitted its Environmental Impact Assessment and Environmental Management Plan to the Namibian Ministry of Environment and Tourism, for its Namib Lead & Zinc Project. Colin Christian and Associates, an experienced Namibian environmental consultancy, completed the EIA on behalf of North River. The report is the culmination of almost two years of an […]

Atlantic Coal, an AIM listed anthracite coal mining company operating in Pennsylvania, USA, has announced a production and sales update for both the quarter and full year ended 31 December 2013 from its Stockton Anthracite Mine , located near Hazleton, Pennsylvania. Q4 2013 Key production and sales fundamentals: ● 45% increase in clean coal production […]