Banro eyes second DRC mine, enviro nod for Deep Yellow, Anglo Inyosi launches R4.2bn colliery andmore in the African Mining Roundup

This month's electronic report includes details on Banro Corp intention to start producing gold at a second gold mine, in the Democratic Republic of Congo within the next year; Deep Yellow receipt of environmental approval for its Shiyela iron-ore...

Van Rooyen takes up chair's seat at Banro

Democratic Republic of Congo- (DRC-) focused gold miner Banro Corp has appointed Bernard van Rooyen as chairperson, and said director Peter Ruxton would leave to pursue other interests. Simon Village had previously held both the CEO and the...

Banro says in 'preliminary discussions' after fake document circulated

A document that has been circulated in the market regarding corporate activity by gold hopeful Banro Corp was not issued by the company, and it does not know the source of the report, the firm said on Monday. However, Banro did disclose in a...

Banro to start feasibility study on next DRC mine

Toronto-based Banro Corp, which is building the Twangiza gold mine in the Democratic Republic of Congo, has completed a preliminary assessment (PA) on a second project on the same gold belt, called Namoya. The heap-leach operation could produce...

Banro 'in no rush' for new CEO after Prinsloo exit

Banro Corp, which is building a gold mine in the Democratic Republic of Congo, has appointed chairperson Simon Village as interim CEO to replace Mike Prinsloo, whose three-year contract ends in mid-September. The company, which plans to produce...

Banro gold plant on its way

Amex- and TSX-listed Banro Corp expects the reconditioned gold processing plant bought last year for its Twangiza gold project, in the Democratic Republic of Congo, to arrive at the port of Mombasa in Kenya next month. The plant, which will be...

DRC could rank with Ghana, Tanzania in 10 years – Banro chair

Investors will become increasingly comfortable with mining in the Democratic Republic of Congo, which has the potential to become the largest gold producer in Africa, Banro Corp chairperson Simon Village said on Tuesday. “I believe the DRC,...

Randgold won't overpay for 'over-promoted' assets

Gold producer Randgold Resources is keen to take advantage of acquisition opportunities, but refuses to pay a premium for projects that are being talked up unreasonably by potential sellers, CEO Mark Bristow said in Toronto on Wednesday. “This...

Daily podcast – March 2, 2009

In today's podcast: Finance Minister Trevor Manuel says more jobs could be lost in the mining industry; and BHP Billiton says operations at one of its iron mines in Australia's Pilbara region were suspended due to heavy rains.

Banro looking for big brother to help fund DRC gold mine

Canadian gold junior Banro Corp is looking for a strategic partner to take a stake of as much as 60%, possibly in the company itself or its flagship project, and assist in financing the construction and start up of the mine, says president and CEO...

Banro plans to raise $14m in share sale

Toronto-based Banro Corp plans to issue up to 10-million shares at $1,40 each to “a number of investors” to raise money for its Democratic Republic of Congo gold projects, the firm said on Tuesday. The unbrokered offering, which will raise...