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UK Mining and Exploration Company, Vatukoula Gold Mines Receive Offer Approach, Share Up 68 Percent
Vatukoula Gold Mines Plc., formerly River Diamonds Plc, said on Thursday it was in early stage talks with a number of potential buyers after receiving offer approaches, sending its shares up as much as 68 percent.
Gold Mining Production by Sierra Gold Corporation on February
Sierra Gold Corporation today announced that the February gold production yielded over 70 troy ounces of gold. The equipment used on the property had to be shut down from February 21 until March 10 for repairs.
Conservationist Protes Iron Ore Mine Exploration in Sierra Leone Eastern District
A Chinese enterprise, CIC Mining Resources Limited has acquired a100% equity to prospect and mine minerals in the Bagla Hills area in Sierra Leone’s eastern district of Kenema, APA learns here Wednesday.
Australian Iron Ore Mining Company, Cape Lambert Update Report Marampa and Pilbara Iron Ore Project
Australian resources company, Cape Lambert Iron Ore Limited is pleased to provide the following market update on its Marampa Iron Ore project (Sierra Leone) and Cape Lambert South project (Pilbara, Western Australia).
Cape Lambert Iron Ore Deal To Investment Iron Ore Mine Exploration Project in African Minerals’ Sierra Leone
On September 23, 2008 Supreme Court in Australian decided on a key matter relating to Cape Lambert Iron Ore project apparently paving the way for the finalization of the Marampa hematite project with African Minerals.
It could be recalled that the London-listed explorer African Minerals has agreed to develop its Marampa iron-ore project, in Sierra Leone, [...]
London Mining Interest Purchase Colombian Coal-Mine Exploration and Production
London Mining announces today the purchase of 20% of International Coal Company Ltd. (ICC) for an aggregate consideration of $5m, with first rights of refusal to invest further capital. ICC is a Cayman Islands incorporated company with operations in Colombia, South America. ICC’s strategy is to become a fully integrated developer of coal properties for [...]
Sierra Gold Announces Second Gold Sale From Sierra Leone Property; Hires Local Geologist
Sierra Gold Corp. (Pink Sheets:SGCP) announced today that the Company, as of February 24th, 2008, has extracted and sold a second kilogram of alluvial gold from its Pampana River property in the west African nation of Sierra Leone. The Company also announced that is has retained the services of a local Geologist, Mr. Joseph Kamara, [...]
Sierra Leone to review mining contracts
Sierra Leone’s government will review all mining contracts in the West African state to try to clean up corruption and cheating and maximise benefits for the nation, Minister of Mines Alhaji Abubakarr Jalloh said.
“We’re not going to allow our minerals to be a curse to us,” Jalloh told Reuters in an interview this week.
“We are [...]
Sierra Gold Corporation Receives Positive Gold Assay Results from Hard Rock Formation
Sierra Gold Corporation has just received gold assay results from its April 2007 chip samples tested by SGS Laboratories in Toronto, Canada. Samples were taken from the hard rock portion of the property. Assay results for gold were approximately .5 oz/ton (15 grams/ton).
Sierra Gold’s geological team will continue to investigate and further explore the hard [...]
