Jubilee H1 earnings drop, revenues rise

Jubilee Platinum has reported a basic and headline loss a share of £1.40 for the six months ended December 31, 2012, on the back of a headline loss for the period of £4.13-million. This was a slight contraction from the basic and headline loss...

Galileo confirms Zambia rare-earth project tenure

London-listed Galileo Resources on Friday said it had completed due diligence at the Nkombwa Hill rare-earth project, in Zambia, after confirming tenure. The emerging rare-earth exploration and development company intended issuing 5.25-million...

Due diligence on Zambia rare earths project completed

Aim-listed African Consolidated Resources (ACR) has completed due diligence at its the Nkombwa Hills rare earth project, in Zambia, subject to the confirmation of tenure. The Southern Africa focused miner’s CEO Andrew Cranswick said the Nkombwa...

Galileo to participate in Zambia rare-earth project

Aim-listed African Consolidated Resources (ACR) on Wednesday said emerging explorer Galileo Resources had entered into a heads of agreement (HoA) with its joint venture (JV) partner Rare Earth International (REI) to earn an interest in the Nkombwa...

Colin Bird

Position: Chairperson and CE of Galileo Resources Main Activity of the Company: Rare earths project development

Jubilee agrees deal with Indian Pacific over Madagascar project

Mine-to-metal specialist Jubilee Platinum said on Monday it had acquired participation rights in a potentially large noncore iron-ore opportunity in Madagascar, with minimum initial funding from the company. Jubilee executed a heads of agreement...

Explorer’s share price soars 43% as ‘impressive’ resource estimate is unveiled

On the back of an impressive maiden resource estimate at its Glenover rare earths joint venture (JV) project, in Limpopo, shares in the AIM-quoted emerging exploration company Galileo Resources are up 42.47% to 52p.

Mining Indaba Schedule

Glenover reports positive drilling results at Limpopo rare earths prospect

The global rare earths industry is in a state of flux, says natural resource exploration company Galileo Resources executive chairman Colin Bird.

Jubilee gets R75m offer for Quartzhill platinum prospect

JSE- and Aim-listed mine-to-metals company Jubilee has received a R75-million cash offer from a platinum major for a portion of its Tjate platinum project. The £5.95-million cash offer is for the Quartzhill farm, a portion of Tjate’s platinum...

ConRoast platinum project, South Africa

The project involves the installation of a 5 MW direct current furnace, at Jubilee Platinum’s smelting facility, to treat chrome-bearing platinum concentrates.

Jubilee expects to be cash flow positive by year-end

Mining exploration and development company Jubilee Platinum said on Monday that it expected to be cash-flow positive by the end of the year. Jubilee reported a loss of £2,2-million after taxation for the year ended June 30, 2010, compared with a...