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African Queen Mines Focus On Priority Targets Gold Mine Project In Mozambique
African Queen Mines Ltd. announces that it has provided formal notice of abandonment to Bobcat Mining Limitada with respect to the Braganza Gold Project in Mozambique . The Company has the right to earn up to a 75% interest in the Project pursuant to the Letter Agreement dated August 17, 2007, between Pan African [...]
Botswana Mining Exploration Future, Credit Crunch Will Affect Mining Development
The global credit crisis is beginning to affect mining projects in Botswana as companies are now expected to struggle to raise funds to start up or expand operations.
There is currently a multitude of multinational companies that directly rely on funding from international markets that are in the process of setting up mining operations in Botswana [...]
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
African Copper Mining Exploration and Development Company Delay Open Pit Mine in Botswana
Exploration and development company African Copper on Friday said that the commissioning of its processing facility at the Mowana open pit mine in Botswana was delayed and would likely only ramp up to commercial production in the fourth quarter of 2008.
The plant was initially expected to begin production in the second quarter.
“This overrun was caused [...]
London Mining Expand Coal Mine Industry Sign Diversified Exploration and Mining Company
UK-based London Mining on Friday announced that it had expanded into the coal industry by signing an agreement with diversified exploration and mining company, Delta Mining Consolidated (DMC), to acquire up to 50,5% of DMCs subsidiary, DMC Energy, for up to $120-million.
“This acquisition will form the basis of London Mining’s new coal division, which we [...]
Albidon hedges Zambia nickel output
Australia’s Albidon Ltd has locked in high nickel prices for the first years of its flagship Munali project in Zambia, its managing director said.
Albidon is seeking to expand regional exploration, with exploration projects in four other African countries.
Construction is underway on the company’s Munali underground nickel mine, which is due to produce its first concentrate [...]
African Copper Announces Private Placement with Botswana Institutional Investors to Raise up to 92,045,492 Botswana Pula
African Copper Plc (“African Copper” or the “Company”) (AIM: ACU)(TSX: ACU)(BSE:AFRICAN COPPER) announces that it proposes to raise up to 92,045,492 Botswana Pula (approximately Pounds Sterling 7.5 million or C$15.9 million) by way of a private placement of up to 8,367,772 ordinary shares at a price of 11 Botswana Pula (approximately Pounds Sterling 0.89 and [...]
Albidon delving for nickel/platinum/cobalt/copper camp in the Munali area of Zambia
Nickel exploration and development company, Albidon, believes a nickel camp is to be found within the Munali intrusion in Zambia and is continuing exploration and drilling here to increase the size of its prime Munali Nickel project and looking at prospective satellite orebodies.
Managing director Dale Rogers said after the Africa Mining Conference held in Livingstone, [...]
lbidon progresses on nickel and zinc while partner company outlines uranium anomalies
Albidon Ltd listed on both AIM and the ASX in March 2004 with a view to developing its portfolio of nickel-platinum projects in Southern Africa. The ticker symbol is ALD on AIM and ALB on the ASX; market capitalisation is approximately £109 million or US$215 million. The company states that its strategy is threefold: to [...]
