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Africa Oilfield Logistics raises £4.5m

18 Dec 2013 @ 10:33
Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, has raised £4.5 million (approximately $7.3m) by way of a placing of 60,000,000 new ordinary shares in the Company at a price of 7.5 pence per Placing Share with existing and new institutional investors. The funds raised will be used to […]
 

£700k placing to advance Ferrex's African assets

18 Dec 2013 @ 09:25
Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has said that it has raised approximately £700,000 before costs by way of a placing of 36,114,427 new ordinary shares in the company at a price of 1.95 pence per Placing Share with institutional investors. Additionally, for every two Placing Shares, […]
 

North River announce Namib Lead Zinc Silver results

12 Dec 2013 @ 10:59
North River has announced to investors a completed by Snowden Mining Industry Consultants, at its Namib Lead Zinc Silver project in Namibia. Highlights: · 129% increase in overall resource to 1,527,000 tonnes · Significant increase in fresh ore resource to 917,000 tonnes, and upgrade in classification category · Maiden tailings resource identified of 610,000 tonnes […]
 

Armdale acquire loan to boost Mpokoto project

12 Dec 2013 @ 10:49
Armadale (LSE:ACP), an AIM quoted investment company focused on natural resources projects in Africa, has that it has agreed to acquire a loan note of US$250,000 in Netcom Global,a wholly owned subsidiary of Armadale, by the issue of 84,921,361 new ordinary shares of 0.01 pence each in the capital of the company to the holder […]
 

Ferrex announce Mebaga results

11 Dec 2013 @ 10:33
Ferrex (LSE:FRX), the AIM quoted iron ore and manganese development company focused in Africa, HAS announced the final assay results from the 9 hole diamond drilling campaign recently completed at its 309 sq km Mebaga DSO Iron Ore Project in northern Gabon. Results are listed in Table 1. In a statement the company released the […]
 

Nyota Minerals to sell 75% of Ethiopian subsidiary

11 Dec 2013 @ 09:55
Nyota Minerals (LSE:NYO), the gold exploration and development company in East Africa, has entered into a conditional agreement with (LSE:KEFI) Minerals, an AIM-quoted gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia, for the sale of 75% of the issued share capital of Nyota Minerals (Ethiopia), the company’s subsidiary […]
 

Noricum announce Rotgulden results

09 Dec 2013 @ 10:59
Noricum Gold (LSE:NMG), the Austrian focused gold exploration and development company, has announced further significant high grade gold and silver mineralisation from its 2013 underground drill programme at the Company’s 100% owned Rotgulden Gold and Precious Metals Project (‘Rotgulden’). Highlights: · Significant gold (‘Au’), silver (‘Ag’) and copper (‘Cu’) results received from a further...
 

Goldplat appoints new board members

06 Dec 2013 @ 12:17
Goldplat (LSE:GDP), the AIM listed gold producer in Africa, has announces that it has appointed Mr. Hansie van Vreden to the Board of Goldplat as an Executive Director, with immediate effect. In a statement the company said that “This Board appointment is in line with the Company’s strategy of succession planning and strengthening its team, […]
 

Goldplat earns Responsible Gold Certification

03 Dec 2013 @ 15:39
Goldplat (LSE:GDP), the AIM listed gold recovery and production company in Africa, is pleased to announce that the Company’s market leading South African gold recovery operation, Goldplat Recovery (Pty) Limited has been certified as producer of Responsible Gold, with its strategic partner, Rand Refinery, one of the world’s leading gold refining companies. Responsible Gold, in […]
 

Anglo Asian Mining issue positive Azerbaijan results

03 Dec 2013 @ 15:36
Anglo Asian Mining (LSE:AAZ), the AIM listed gold producer in Azerbaijan, have issued positive exploration update from additional drilling undertaken at its flagship Gedabek gold, copper, silver mine in western Azerbaijan. – Current c.3,000m drilling programme has discovered new high grade gold extension at Gedabek, north-west of the main Gedabek deposit (see map) · Elevated […]
 
 
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