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DIAMONDS

Tongo final bulk sample grade 49% higher than previous estimates

The final bulk sample grade at Aim-listed diamond development company Stellar Diamonds’ Tongo kimberlite project, in Sierra Leone, has exceeded 178 carats per hundred tonnes (cpht), a 49% increase on the 120 cpht applied in the current resource...
19th August 2014
 
IRON-ORE

African Minerals names new CEO, gets $248m cash injection

Sierra Leone-focused iron ore miner African Minerals has named a new chief executive and obtained access to $248-million in cash through an agreement with Chinese partner Shandong Iron and Steel Group (Shandong). Access to the funding will give...
18th August 2014
 
What's On

International

What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail...
15th August 2014
 
IRON-ORE

African Minerals board considers changing role of chairperson Timis

The board of iron ore producer African Minerals is considering changing the role of its executive chairman Frank Timis, who was recently at the centre of an investigation into a $50-million payment he authorised, a company director said on...
14th August 2014
 
CORPORATE ACTIVITY

Sula secures £2m facility, reports fresh magnetite

Aim-listed Sula Iron and Gold has secured a £2-million, five-year equity financing facility (EFF) with Darwin Strategic. The exploration and development company said in a statement on Wednesday that the transaction would allow Darwin to subscribe...
13th August 2014
 
FINANCE

London Mining secures $25m debt facility

Sierra Leone-focused iron-ore explorer London Mining on Wednesday announced that it had entered into a new $25-million debt facility with Standard Chartered Bank and FirstRand Bank that would provide the company with additional short-term working...
13th August 2014
 
DIAMONDS

Stellar targeting September Baoulé trial mining start

Aim-listed diamond development company Stellar Diamonds’ Baoulé kimberlite diamond project, in Guinea, was on track for commissioning and processing of the first ore in September this year, CE Karl Smithson said on Monday. Trail mining of the...
11th August 2014
 
What's On

International

What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail...
8th August 2014
 
IRON-ORE

African Minerals reports results of investigation over $50m settlement

African Minerals said on Wednesday that an internal probe had found no "direct evidence" to show its executive chairman and a former director improperly benefited from a $50-million settlement. The allegations prompted the resignation of the...
7th August 2014
 
HEALTH AND SAFETY

Randgold tightens precautions amid Ebola concerns

West Africa-focused gold miner Randgold Resources has moved to implement safety measures as some countries in West Africa were fighting an outbreak of Ebola. Randgold operated four gold mines and had exploration programmes in Mali, Côte...
6th August 2014
 
HEALTH & SAFETY

Mining firm in Sierra Leone takes measures against Ebola advance

Minerals group Sierra Rutile has begun screening its workers for early signs of Ebola, put travel restrictions in place and limited access to its operations in west Africa, the company said on Tuesday. The company, which mines rutile in southwest...
5th August 2014
 
CORPORATE ACTIVITY

Cape Lambert settles ATO dispute

ASX-listed Cape Lambert Resources has finally settled its dispute with the Australian Taxation Office (ATO), after two years. In 2012, the ATO assessed Cape Lambert as owing A$96-million, including tax and penalties, prompting the company to...
1st August 2014
 
 
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