Mining

Anglo Asian Mining (LSE:AAZ), a gold producer in Azerbaijan, has announced that it has entered into a loan facility agreement (‘Facility Agreement’) with Amsterdam Trade Bank N.V. (‘ATB’). Under the terms of the Facility Agreement, ATB has agreed to provide a committed term loan facility of up to US$37 million (the ‘ATB Facility’) to Azerbaijan […]

Phorm Corp (LSE:PHRM) is a highly promising market for profit seekers irrespective of its recent indecision which dragged on for several months. The price has been bottoming for months, reaching an all-time low at the accumulation zone of 2.00. One would see that the ADX period 14 is at the level 50 (meaning a strong […]

Alecto Minerals (LSE:ALO), a mining exploration company focusing on West and East Africa, is has provided a market update on the Company’s exploration activities at its Kossanto Gold Project, West Mali. Highlights: • Trenching and soil sampling at Gourbassi East demonstrated the following positive results: o Trenching over the Gourbassi East Main Zone reveals high […]

Sable Mining Africa (LSE:SBLM) has confirmed the issuance of an export decree for the Nimba Iron Ore Project in south-west Guinea , by the Government of the Republic of Guinea, authorising the Company to export iron ore through Liberia to the Port of Buchanan. The decree, the first to be issued in Guinea, will, together […]

Alecto Minerals (LSE:ALO), an AIM listed African focussed multi-commodity exploration and development company, is pleased to announce that Mark Jones has been appointed to the Board as Chief Executive Officer with immediate effect. The appointment follows the passing of certain resolutions at a General Meeting of the company on the 2nd October as a result […]

Follows positive August results. Explorer-developer Premier African Minerals (LSE:PREM) has announced that it has amassed a multi-commodity suite of assets in Africa. In late August 2013, PREM released positive results from a Preliminary Economic Assessment (PEA) and concept mining study on the flagship RHA tungsten (WO3) project in Zimbabwe. The PEA envisaged a six-year operation […]

Sable Mining Africa (LSE:SBLM), an AIM listed exploration company, has announced the granting of a mining licence for the Nimba Iron Ore Project in south-west Guinea, the second largest undeveloped on- or near-rail Direct Shipping Ore project to be held outside the major mining companies in West Africa. The licence, or “Permit D’Exploitation Miniere”, number […]

. Premier African Minerals (LSE:PREM), a multi-commodity natural resource company with mineral projects located in Western and Southern Africa, has announced that RHA Tungsten Private Limited (‘RHA’) has simultaneously concluded a shareholder agreement and a management agreement with the National Indigenisation and Economic Empowerment Fund (‘NIEEF’), representing and acting for and on behalf...

Atlantic Coal (LSE:AIM), the AIM listed anthracite coal production and processing company with primary activities in Pennsylvania, USA, has announced its results for the six months ended 30 June 2013. Overview: · Increased profitability. A net profit of US$2,488,465 compared with a loss in H1 2012 of US$1,366,923 · Bolstered anthracite portfolio through the exercise […]

Sometimes investing makes you smile.  Other times it can make you want to jump off the nearest tall building.  Although certainly not the only sector that can take you through those highs and lows, mining provides a pretty good example that investing is not for the faint of heart.  Take these recent headlines, for example: […]