Federal Government has identified seven minerals for national development, inister of Mines and Steel Development, Chief Sarafa Isola, said in Abuja yesterday.
He told the News Agency of Nigeria (NAN) that the minerals were Gold, Lead/Zinc, Barite, Bitumen, Limestone, Coal and Iron Ore. Isola said that Nigeria was well-endowed with myriad of solid minerals, but that […]
PAN AFRICAN MINING CORP. (the “Company”) is pleased to report that reprocessed geophysics data, generated by independent geophysical contractor Scott Hogg & Associates Ltd. of Toronto (”SHA”), has confirmed strong diamond targets on the Company’s license area in Botswana. As previously reported in May, two blocks of Prospecting Licenses in Ngamiland, Botswana encompassing a combined […]
Russia’s MBC Resources, sitting on huge zinc and lead deposits, is examining new metals projects in Russia and abroad but has not yet decided when and where to list shares, company executives said on Friday.
Chief Executive Oleg Mikhailenko said MBC planned to bid for the Verkhneye Menkechea zinc, lead and silver deposit in the far […]
Central African Mining & Exploration Company Plc (”CAMEC” or the “Company”), the AIM listed fully integrated exploration, mining, trading and investment company, is pleased to announce that it has entered into private agreements with select shareholders of Katanga Mining Limited (”Katanga”), pursuant to which CAMEC has agreed to acquire an additional 8,298,300 common shares of […]
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]
Diversified mid-tier miner Metorex (LSE and JSE: MTX; Bank of New York ADR: MRXLY), one of last year’s best performing stocks on the Johannesburg Stock Exchange, could see its market capital increase by another 50% over the next 12 months on the back of higher copper production and development at Ruashi copper mine in the […]
Resources companies operating in Africa have increasingly been eyeing Chinese investment with mixed feelings.
On one hand, they view the Chinese as useful partners because they offer vast markets for commodities, but on the other hand their emergence as investors in African resources presents unwelcome competition.
China’s economic growth rate of nearly 9,5% a year reflects a […]
Russian billionaire Viktor Vekselberg is looking to invest in mining projects throughout Africa as his Renova Group moves forward with a large manganese and ferro-alloy project in South Africa.
Vekselberg, Russia’s fifth-richest man, told Reuters in an interview on Friday Renova would complete a feasibility study into the manganese project in the first quarter of 2007.
“South […]
(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks […]