vssmnn Posted August 25, 2010 Author Report Share Posted August 25, 2010 Rumour: Anvil could takeover Tiger Resources this year because Trafigura owns 35% on Anvil and 22% on Tiger. Link to comment Share on other sites More sharing options...
vssmnn Posted August 27, 2010 Author Report Share Posted August 27, 2010 Tullow Oil plc ('Tullow' or 'the Company') Director Declaration The Company gives notification that Steven McTiernan, a non-executive Director of Tullow Oil plc, has been appointed as a non-executive Director of First Quantum Minerals Ltd with effect from 14 August 2010. Link to comment Share on other sites More sharing options...
vssmnn Posted August 29, 2010 Author Report Share Posted August 29, 2010 First Quantum 'relieved' of two more Congo copper mines http://www.mineweb.com/mineweb/view/minewe...&pid=102055 Link to comment Share on other sites More sharing options...
vssmnn Posted August 29, 2010 Author Report Share Posted August 29, 2010 First Quantum Stops Operations at Mine in Congo After Withdrawal of Permit http://www.bloomberg.com/news/2010-08-27/f...-of-permit.html Link to comment Share on other sites More sharing options...
vssmnn Posted August 30, 2010 Author Report Share Posted August 30, 2010 Tiger Resources Ltd. - Ambrian Partners Research Report http://www.tigerresources.com.au/aurora/as...2010%5B1%5D.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted August 31, 2010 Author Report Share Posted August 31, 2010 Swedish mining firm MII AB wins DR Congo gold contract http://www.africanmanager.com/site_eng/det...hp?art_id=15440 The Congolese Gold Mining Board of Kilomoto (OKIMO) has signed a contract with Swedish group Mineral Invest International (MII) AB t o explore for gold reserves and other minerals in north-eastern Democratic Republ i c of Congo (DRC), official sources told PANA on Monday. Details of the contract, which was signed last weekend, have not been revealed. However, the Director General of the state-owned OKIMO, Willy Bafoa, said it cov e red major works ranging from exploration to the discovery of an economically cos t -effective deposit, eventually resulting in the establishment of a joint venture . The contract also provides, based on a programme to be drawn up in collaboration with OKIMO and the Congolese mining ministry, for rehabilitation works on infra s tructure and social facilities in the local communities, namely, the building of schools, hospitals and other health centres, water and electricity supply. OKIMO is a state-owned company established in 1903 by the Belgian colonial power for gold extraction in the eastern province, precisely in Ituri, where it has a vast mining estate of more than 83 square kilometre rich gold, platinum, lead, i r on and zinc, among others. Protracted bloody armed conflicts which have plagued this part of DR Congo plung ed the company into trouble, a situation that has been exploited by artisanal op e rators and other private companies, generally of Western origin. To resume its operations, OKIMO has set itself the goal of industrial production by 2013. It has concluded joint venture agreements with a number of companies including K ibali Gold Mines, AngloGold Ashanti and Mwana Africa. http://www.mineralinvest.com/ Link to comment Share on other sites More sharing options...
vssmnn Posted September 3, 2010 Author Report Share Posted September 3, 2010 Tiger Resources Download presentation from Africa Down Under conference. http://www.asx.com.au/asxpdf/20100903/pdf/31s9xhczljsrf1.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted September 8, 2010 Author Report Share Posted September 8, 2010 The derisking of Africa http://www.miningmx.com/special_reports/mi...g-of-Africa.htm Link to comment Share on other sites More sharing options...
vssmnn Posted September 10, 2010 Author Report Share Posted September 10, 2010 Kabilia suspends mining in eastern DRC http://www.english.rfi.fr/africa/20100910-...ing-eastern-drc Link to comment Share on other sites More sharing options...
vssmnn Posted September 22, 2010 Author Report Share Posted September 22, 2010 Kipoi Copper Project Stage 1 Construction Update PERTH, Western Australia, Sept. 21 /CNW/ - Tiger Resources Limited (ASX/TSX code: TGS) is pleased to provide an update for the Stage 1 development at the Company's Kipoi Copper Project in the Democratic Republic of Congo (DRC). Tiger remains on schedule and within budget for the commencement of commercial production in the first quarter of 2011. During the three-year life of Stage 1 Tiger plans to produce approximately 35,000t per annum of copper. As previously advised, Tiger commenced the Stage 1 development at Kipoi in July 2010. Since then 106 hectares of land has been cleared by mining and civil works contractor MCK Trucks sprl for the process plant, heap leach pads, slimes storage pond, access road and haul road to the pit. The stripped topsoil has been stockpiled, ready for rehabilitation, and the plant site area has been compacted. Mining waste pre-stripping is planned to commence in early November 2010. DRA Mineral Projects (Pty) Ltd was awarded the lump sum turnkey (LSTK) contract in July, which includes the design, construction, installation and commissioning of the heavy media separation (HMS) plant. DRA is 80 per cent through the detailed design of the HMS plant and all major component equipment has been purchased, including crusher circuit, dense media separator and the spirals. Major equipment items are being freighted to South Africa, test erected then dismantled and sent to site. Group Five Ltd will assist DRA with the site construction of the HMS plant, which is to commence in October 2010. Group Five is a highly respected South African construction company with an excellent record of delivering projects in the DRC. Tiger has finalised recruitment of the Project Management and Operational Management Teams and is now well resourced to manage the construction and development process. As key milestones are achieved further announcements will be issued to update progress at Kipoi. Link to comment Share on other sites More sharing options...
vssmnn Posted September 25, 2010 Author Report Share Posted September 25, 2010 Congo and Areva in uranium exploration talks http://www.miningweekly.com/article/congo-...alks-2010-09-24 Link to comment Share on other sites More sharing options...
vssmnn Posted October 12, 2010 Author Report Share Posted October 12, 2010 Tiger Resources Limited - Kipoi Copper Project Stage 1 Construction Update PERTH, Western Australia, Oct. 12 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS) is pleased to advise that construction is proceeding safely, on time and on budget at the Stage 1 development of the Kipoi Copper Project in the Democratic Republic of Congo (DRC). Tiger remains on schedule and within budget to start commercial production in the first quarter of 2011. The Company plans to produce approximately 35,000t per annum of copper for three years from the first stage of the planned development at Kipoi. The weather continues to be favourable allowing good progress to be made with the earthworks at site. The plant site earthworks have been completed by the mining contractor, and tested and approved by DRA Mineral Projects (Pty) Ltd. In addition, with the exception of the pit area and waste dump, all clearing at the site has been completed. Concrete formwork for the secondary crusher and the dense media separation feed bin has also been completed. Group Five Ltd has advised it will complete plate work and structural steel for the plant by the end of November for immediate dispatch to Kipoi. The major focus of the development schedule is the delivery of the major crushing facility, mechanical and electrical installation, commissioning and performance testing. A level crossing over the railway line between the plant and mine was completed during the month allowing safe access for the mine fleet. The village refurbishment is progressing well with the mess almost fully complete and accommodation 85 per cent finished. Link to comment Share on other sites More sharing options...
vssmnn Posted October 13, 2010 Author Report Share Posted October 13, 2010 Banro: Link to comment Share on other sites More sharing options...
vssmnn Posted October 18, 2010 Author Report Share Posted October 18, 2010 African Metals' Luisha South at 75,400 t Cu inferred http://www.stockwatch.com/News/Item.aspx?b...p;news_region=C AFRICAN METALS CORPORATION EXCEEDS INITIAL PROJECTED TARGETS WITH ITS MAIDEN RESOURCE AT THE LUISHA SOUTH PROJECT, KATANGA PROVINCE, DEMOCRATIC REPUBLIC OF CONGO. African Metals Corp has provided initial figures for resources estimated by Geosure Exploration & Mining Solutions Pty. Ltd., independent geological consultants, for its Luisha South project in the Democratic Republic of Congo. The resource as estimated includes an inferred 5.8 million tonnes at 1.3 per cent copper for 75,400 tonnes of contained copper metal and 0.4 per cent cobalt for 23,200 tonnes of contained cobalt metal. Resource modelling was also completed at various cut-off grades, as presented in the attached table, and includes a higher-grade inferred resources of about 1.8 million tonnes at 2 per cent Cu and 0.4 per cent Co for 36,000 tonnes of contained copper metal and 7,200 tonnes of contained cobalt metal. The resources stated above are more than double those which the company had targeted through its initial drilling program at the Luisha South project. Link to comment Share on other sites More sharing options...
vssmnn Posted October 19, 2010 Author Report Share Posted October 19, 2010 Kilo Drilling Intersects 83.70 Metres Grading 2.01 g/t Gold on the Adumbi Prospect, Somituri Project, DRC http://www.stockhouse.com/financialTools/s...;newsid=7913421 Link to comment Share on other sites More sharing options...
vssmnn Posted October 23, 2010 Author Report Share Posted October 23, 2010 http://hotcopper.com.au must read user "anatol" in ELM-Thread!!! Link to comment Share on other sites More sharing options...
vssmnn Posted November 12, 2010 Author Report Share Posted November 12, 2010 Kipoi Copper Project Stage 1 Construction Update PERTH, Western Australia, Nov. 12 /CNW/ - Tiger Resources Limited (ASX/TSX code: TGS) is pleased to advise that mining operations have started at the Kipoi Copper Project in the Democratic Republic of Congo (DRC). On 8 November 2010 mining of ore and waste material commenced at the Kipoi Central deposit. Mineralisation at Kipoi Central is exposed at surface and the ore grade material is being stockpiled as future feed for the heavy media separation (HMS) plant. Some of the waste material will be used as construction material for infrastructure developments on site. DRA Mineral Projects (Pty) Ltd has advised that the manufacture of the HMS plant has been completed. The plant was assembled and test run in Johannesburg before being disassembled into modules for transport to site. All components will be freighted to Kipoi in November. Group Five will start erecting the plant at Kipoi from December 2010. In addition to these key developments, the village refurbishment has been completed, access road and waste dam construction is continuing and recruitment of key mining department staff has been finalised. Tiger is on schedule to start commercial production in the first quarter of 2011. The Company plans to produce approximately 35,000t per annum of copper for three years from the first stage of the development at Kipoi. Link to comment Share on other sites More sharing options...
vssmnn Posted November 17, 2010 Author Report Share Posted November 17, 2010 Congo copper output to rise 25 pct next year http://af.reuters.com/article/investingNew...E6AG0BH20101117 Link to comment Share on other sites More sharing options...
vssmnn Posted November 17, 2010 Author Report Share Posted November 17, 2010 CIC Mining Resources has earned interests in significant gold concessions following a deal with Japanese Eco Energy Group's African subsidiary, Eco Project Co. CIC Mining Resources will provide technical, legal, strategic and commercial advice on Eco Project Co's gold exploration concessions in the Twangiza-Namoya gold belt in the Congo. It will also help in the selection of other suitable third party advisers where needed and assist in introducing leading Chinese gold miners to build and fund the project. Eco Energy has four gold exploration concessions - PR5886, PR6565, PR5277 and PR12102 - covering a combined area of 1818 square kilometres in the Twangiza-Namoya gold belt which is next to the Banro Corporation lease concessions. Banro Corporation is a Canadian-based gold exploration and development company with four wholly-owned properties, each with mining licences, along the Twangiza-Namoya gold belt. Banro Corporation has so far identified 6.72 million ounces of measured and indicated resources, plus inferred resources of 4.46 million ounces. CIC Mining Resources now holds a 48% interest in Eco Energy and has the exclusive right to facilitate a future public listing. http://www.stockmarketwire.com/display/?id...Id=standardNews Link to comment Share on other sites More sharing options...
vssmnn Posted December 15, 2010 Author Report Share Posted December 15, 2010 15th December 2010 Kipoi Copper Project Stage 1 Construction Update Plant being transported Implementation on-time Perth, Western Australia: Tiger Resources Limited (ASX/TSX code: TGS) is pleased to advise that construction has continued to proceed safely, on time and on budget for the Stage 1 development at the Kipoi Copper Project in the Democratic Republic of Congo (DRC). Tiger remains on schedule to start commercial production in the first quarter of 2011. The Company plans to produce approximately 35,000t per annum of copper for three years from the first stage of the development at Kipoi. The development team has so far achieved 128,759 man-hours without lost time injury. Key developments during the past month include the freighting of the heavy media separation (HMS) plant from Johannesburg, South Africa to Kipoi, with the first truck arriving on 27 November. Steelwork for the HMS plant has also started to be delivered to site with four truckloads arriving during the past week. Group Five has mobilised its cranes and accommodations facility and will commence plant erection during December. Mining of waste material is also continuing on schedule with 69,088 bank cubic meters of material being removed from the Kipoi Central pit during November. In addition to these key developments, the access road to Kipoi has been completed and the waste dam construction is continuing with mobilisation of civil earthworks equipment to prepare the embankment. BACKGROUND The Kipoi Project covers an area of 55 sq kms and is located 75km north‐north‐west of the city of Lubumbashi in the Katangan Province of the DRC. The project contains a 12km sequence of mineralised Roan sediments that host at least five known deposits: Kipoi Central, Kipoi North, Kileba, Judeira and Kaminafitwe. Page 2 of 2 The Company has reported JORC standard resources at three of the deposits. The principle deposit is Kipoi Central which contains a zone of high grade copper mineralisation within a much larger lower grade global resource. The Company proposes a staged development at the Kipoi Project. The high grade zone of mineralisation at Kipoi Central is proposed to be exploited during the Stage 1 development. During the three year life of Stage 1 a total of 900,000tpa of 7% Cu is planned to be processed through a heavy media separation (HMS) plant to produce the equivalent of 35,000tpa of Copper. The Company is currently undertaking a feasibility study to evaluate the economic viability of constructing an SXEW plant (Stage 2) targeted to come on stream within three years of the start of the HMS operation. It is envisaged that ore from Kipoi Central, Kipoi North and Kileba South and the other deposits within the Kipoi Project and within the nearby Lupoto Project would be processed at the Stage 2 phase. Link to comment Share on other sites More sharing options...
vssmnn Posted December 15, 2010 Author Report Share Posted December 15, 2010 Rwanda expects increased investment in mining Kigali, Rwanda --- MININGREVIEW.COM --- 14 December 2010 - The government of Rwanda expects increased investment in its mining and minerals industry, following the suspension of mining in the eastern parts of the neighboring Democratic Republic of Congo (DRC). “We expect investors who had wanted to mine and trade minerals from the DRC to now do so in Rwanda because of the ban,” said Rwanda minister for forestry and mining Christophe Bazivamo in an interview here. On 9 September DRC president Joseph Kabila suspended most mining in the North Kivu, South Kivu and Maniema provinces, in an effort to wrest control of the industry from what he described as “mafia groups.” The suspension will continue while the DRCarmy tries to stabilise the area around Bisie, the region’s biggest tin-ore mine, mines minister Martin Kabwelulu said. “We will determine the impact of the ban on our exports in January,” said Bazivamo. “But we know that investors can get the minerals they were getting from the DRC here in Rwanda.” “Since the Congolese ban, mining companies in Rwanda have started boosting production, while the number of inquiries from miners interested in starting operations has increased,” Bazivamo said. He declined to comment further. Rwanda produces about 5% of the world’s tantalum, used in electronics, and about 4% of global tungsten production, according to the latest available information on the website of the U.S. Geological Survey. The central African nation also produces cassiterite, or tin ore. Rwanda’s government is investing in geological data in an effort to attract more investment into the country, Michael Biryabarema, director of the Rwanda Geology and Mines Authority, said. Minerals currently account for about 30% of Rwanda’s exports, and according to the Rwanda Development Board exports of minerals may increase to US$60 million this year, from US$54.6 million in 2009. Link to comment Share on other sites More sharing options...
vssmnn Posted January 5, 2011 Author Report Share Posted January 5, 2011 Kilo Drilling Intersects 2.38 g/t Gold Over 89.45 Metres on the Adumbi Prospect, Somituri Project, DRC TORONTO, ONTARIO, Jan 05, 2011 (MARKETWIRE via COMTEX News Network) -- Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE: KGL)(FRANKFURT: 02K) is pleased to announce results from diamond drill hole seventeen on the Company's Somituri Project in north-eastern Democratic Republic of Congo ("DRC"). Link to comment Share on other sites More sharing options...
vssmnn Posted January 15, 2011 Author Report Share Posted January 15, 2011 New in Congo Club: Shamika2Gold http://shamika2gold.com Stockhouse Short Report: Aultra Gold has hands full in tangle of Congo http://www.stockhouse.com/community-news/2...d-has-hands-ful Link to comment Share on other sites More sharing options...
vssmnn Posted February 4, 2011 Author Report Share Posted February 4, 2011 Banro Announces C$56,875,000 Private Placement Banro Corporation ("Banro" or the "Company") (NYSE AMEX: Baa)(TSX: BAA) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, which have agreed to sell on behalf of the Company on an underwritten private placement basis 17,500,000 special warrants of the Company (the "Special Warrants") at a price of C$3.25 per Special Warrant for aggregate gross proceeds of C$56,875,000 (the "Offering"). Each Special Warrant will entitle the holder thereof to receive one common share of the Company (a "Common Share"). The Special Warrants are exercisable by the holders thereof at any time for no additional consideration, and all unexercised Special Warrants will be deemed to be exercised on the earlier of: (i) the date that is four months and one day following closing of the Offering; and (ii) the third business day after a receipt is issued for a (final) prospectus qualifying the distribution of the Common Shares by the securities regulatory authorities in each of the Provinces of Canada, except Quebec, where the Special Warrants have been sold. The Company will use its reasonable best efforts to obtain such receipt by March 31, 2011. However, if the Company fails to qualify the distribution of the Common Shares underlying the Special Warrants, by March 31, 2011, then the holders of the Special Warrants will be entitled, subject to approval by the Toronto Stock Exchange, to receive 1.1 Common Shares in lieu of 1.0 Common Share upon the exercise or deemed exercise of the Special Warrants. The Company intends to use the net proceeds to accelerate the ramp up of the mill at the Twangiza project to 1.7 million tonnes, to expand its exploration program and for general working capital purposes. The Offering is scheduled to close on or about February 24, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange, the NYSE Amex Equities and the applicable securities regulatory authorities. there is still a little bit time to buy...... Link to comment Share on other sites More sharing options...
vssmnn Posted February 7, 2011 Author Report Share Posted February 7, 2011 African Copperbelt: still risky after all these years http://www.northernminer.com/issues/story....?aid=1000401412 Link to comment Share on other sites More sharing options...
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