Thani takes over management of Stratex JV projects

Aim-listed Stratex International on Tuesday said its Afar joint venture (JV) partner Thani Ashanti had assumed management of the partnership’s two copper projects in Ethiopia and the Republic of Djibouti, as it had met the JV criteria for...

Canadian gold CEO departures fastest in decade as stocks slide

Canada’s biggest gold miners are replacing their senior executives at the fastest rate in at least a decade as shareholders demand greater returns.

Ethiopia gold exploration produces promising results

Exploration drilling activities at development mining company Stratex International’s East African tenements are indicating significant widths of low-grade gold mineralisation.

For Aurizon, major growth on the horizon

Toronto-quoted gold miner Aurizon hopes to become a 300 000 oz to 400 000 oz producer in around three years, and is “looking hard” at an acquisition to help get it to that level, CEO George Paspalas said on Thursday. The company, which...

Drilling at Ethiopia gold project intersects broad near-surface zone

Gold and base-metals exploration and development company Stratex reports it has seen promising results from its current drilling programme at the Megenta hot spring epithermal gold prospect, in the Afar region of Ethiopia.

Sovereign fund and nationalisation, Moatize coal reaches Beira port, gold could hit $2 000/oz this year

South Africa should look at a sovereign wealth fund to quell nationalisation calls;Brazilian mining major Vale has shipped the first coal from Mozambique; and the gold price could top $2 000/oz by the end of the year, says the exiting Aurizon CEO.

Kinross to issue $1bn in debt

Canada’s Kinross Gold on Tuesday said it will raise $1-billion in debt to fund capital projects, which have suffered from inflationary pressures. Last week, CEO Tye Burt said the expansion at Kinross’s big Tasiast mine in Mauritania could...

Exiting Aurizon chief says gold could hit $2 000/oz this year

The gold price could top $2 000/oz by the end of the year, exiting Aurizon Mines CEO David Hall said on Thursday. “I just think, if you look what’s going on in the western world and all the underlying economic problems, gold will do very...

Aurizon appoints new CEO

Aurizon Mines, which operates the Casa Berardi mine in Quebec, has appointed George Paspalas as president and CEO from August 16, the company said on Monday. He replaces David Hall, who will continue as chairperson of Aurizon's board.

Aurizon expects Joanna feasibility study in Q3

Vancouver-based Aurizon Mines now expects to complete a feasibility study on its Joanna project in the third quarter of this year, CEO David Hall said on Wednesday. If all goes to plan the company will target its first production from the mine in...

Aurizon hikes Casa Berardi reserves 44%

Vancouver-based Aurizon Mines has increased the mineral reserves at its Casa Berardi mine in Quebec by 44% and extended the mine life to 10 years, from the previous six-year outlook. Reserves at Casa Berardi now stand at 1,46-million ounces of...

Stratex sees Afar in Ethiopia emerging as new gold district

Aim-listed Stratex International has acquired a new exclusive exploration licence (EEL) in the prospective Afar region, in eastern Ethiopia, where it had identified further epithermal-style veining, alteration and mineralisation. Stratex’s...