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Exploration
 
ENVIRONMENT

Indonesia’s Aceh island to reclassify 1.2m ha of protected forest Restricted

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Canadian exploration junior East Asia Minerals (EAM) hopes to eventually benefit from less stringent environmental constraints that have led to the apparent imminent reclassification of about 1.2-million hectares of protected forest, on the...
16th April 2013
 
 
PHOSPHATE

Balamara in search of new partner for Togo project Restricted

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ASX-listed Balamara Resources has started talks with potential new partners as part of its bid to secure the Togo carbonated phosphate project, in West Africa, after Deepak Fertilizer and Petrochemicals exited the consortium. Balamara said on...
16th April 2013
 
 
EXPLORATION

East Asia Minerals reports optimistic exploration results from Indonesia Restricted

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Exploration junior East Asia Minerals on Monday reported positive results from its Phase 1 drilling programme at the company's Sangihe project, in Indonesia. East Asia Minerals VP of exploration Frank Rocca said the results were in line with the...
15th April 2013
 
 
GOLD

Wits Gold share price dives despite insider dealings Restricted

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The share price of Johannesburg- and Toronto-listed Witwatersrand Consolidated Gold Resources (Wits Gold) has faced a dramatic decline over the last five years, despite sustained share buying by members of senior management. The company on Monday...
15th April 2013
 
 
RARE EARTHS

Scoping study proves up Charley Creek - Crossland Restricted

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A scoping study into ASX-listed Crossland Uranium Mine’s Charley Creek rare earths project, in the Northern Territory, has confirmed it as one of the lowest capital cost rare-earth projects in the world, with a viable timeline for development....
15th April 2013
 
 
M&A

Elemental receives nonbinding offer from Hong Kong investment firm Restricted

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Minerals explorer Elemental Minerals has received a nonbinding takeover offer of A$0.66 a share from Hong Kong-listed investment firm Dingyi Group Investment. The offer valued Elemental Minerals at around A$160.8-million.
12th April 2013
 
 
MINING IN MOZAMBIQUE

Expansion of mining in Mozambique bringing benefits and concerns Restricted

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Mineral production in Mozambique should generate revenues of nearly 20.8-billion meticais (some $680-million, or R6.24-billion) during this year, a technical team from the International Monetary Fund (IMF) has forecast. Mozambique’s income from...
12th April 2013
 
 
LITHIUM

Sal de Vida DFS confirms project potential - Galaxy Restricted

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A definitive feasibility study (DFS) into lithium miner Galaxy Resources’ Sal de Vida project, in Argentina, has confirmed the potential for a low-cost, long-life mine. Galaxy reported on Friday that the project would require a capital...
12th April 2013
 
 
 
 
 
 
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Refocused DRDGold a 'whole new... Audio
Outgoing Mintek chief Jourdan sees... Audio