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Exploration
 
EXPLORATION

IMX shares tumble as Tanzania exploration results disappoint

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The share price of ASX-listed IMX Resources dropped by more than 30% on Wednesday after joint venture (JV) partner MMG Exploration failed to triple the resource estimate at the Ntaka Hill nickel sulphide project, in Tanzania. IMX has told...
23rd July 2014
 
 
NEW AIM LISTING

In taking up its Aim listing Friday, Bacanora is ready to take on majors

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Mexico-focused project-developing junior Bacanora Minerals will on Friday take up its new listing on London’s Aim, creating a more direct line to the bulk of the company’s investors. Speaking to Mining Weekly Online on Tuesday, the...
22nd July 2014
 
 
PALLADIUM

PTM appoints DRA Mineral Projects as ‘qualified person’ for Waterberg PFS

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TSX- and NYSE-listed Platinum Group Metals (PTM) on Tuesday awarded the ‘independent qualified person’ role for the ongoing Waterberg prefeasibility study to South Africa-based global engineering firm DRA Mineral Projects. “We are very...
22nd July 2014
 
 
IRON-ORE

Kumba revenue up on rand weakness, dividend maintained

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The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend...
22nd July 2014
 
 
PEOPLE

Ivanhoe Mines mourns passing of director

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TSX-listed Ivanhoe on Monday reported that a member of its board, Dr Rilwanu Lukman, had passed away. “We are deeply saddened to hear of the loss of Lukman, who was respected as one of Africa's most accomplished and internationally recognised...
21st July 2014
 
 
ACQUISITION

Stratex to acquire 33.4% stake in GoldStone Resources

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Aim-listed Stratex International has conditionally agreed to acquire up to 33.4% of Aim-listed gold exploration company GoldStone Resources for a consideration of £1.25-million. Stratex said in a statement on Monday that it would buy...
21st July 2014
 
 
EXPLORATION

Explorers welcome Woomera news

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ASX-listed explorers Trafford Resources and Monax Resources have welcomed the passing the Defence Legislation Amendment Bill, which would allow for access to the Woomera Prohibited Area (WPA), in South Australia. At the end of last week, the...
21st July 2014
 
 
CORPORATE ACTIVITy

Buxton MD on leave after children die on MH17 flight

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ASX-listed junior Buxton Resources on Monday announced that MD Anthony Maslin would take personal leave for an indefinite period following the deaths of his three children. The children were killed on Malaysia Airlines flight MH17, which was shot...
21st July 2014
 
 
 
 
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