vssmnn Posted September 3, 2009 Author Report Share Posted September 3, 2009 Mwana forms gold JV company with DRC’s Okimo http://www.miningweekly.com/article/mwana-...kimo-2009-09-02 Link to comment Share on other sites More sharing options...
vssmnn Posted September 4, 2009 Author Report Share Posted September 4, 2009 Mwana forms gold JV company with DRC’s Okimo http://www.miningweekly.com/article/mwana-...kimo-2009-09-02 Link to comment Share on other sites More sharing options...
jerpy Posted September 4, 2009 Report Share Posted September 4, 2009 Very Nice, i'll refrain from the childish rocket pictures Link to comment Share on other sites More sharing options...
vssmnn Posted September 6, 2009 Author Report Share Posted September 6, 2009 Very Nice, i'll refrain from the childish rocket pictures but it rocks Link to comment Share on other sites More sharing options...
vssmnn Posted September 8, 2009 Author Report Share Posted September 8, 2009 rumour: heard, a wellknown goldproducer will sign at KGL`s next PP Link to comment Share on other sites More sharing options...
vssmnn Posted September 17, 2009 Author Report Share Posted September 17, 2009 Tiger Resources Limited - Resolution of Potential Contract Dispute at Kipoi Project http://www.cnw.ca/fr/releases/archive/Sept...9/16/c5700.html Tiger Resources Limited - Kipoi Project - Development Funding Update http://www.newswire.ca/en/releases/archive...9/16/c5701.html Highlights - Mandate of leading South African bank to arrange US$16 million debt facility. - Receipt of indicative proposals for offtake arrangements in conjunction with subordinated debt facility for up to US$15 million. - Continuing to target commencement of production for mid 2010. - Potential for significantly enhanced project economics as a result of increased copper price (refer Table 1). Link to comment Share on other sites More sharing options...
vssmnn Posted September 18, 2009 Author Report Share Posted September 18, 2009 BAA http://www.banro.com/i/pdf/2009-Sep16-DenverPres.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted September 21, 2009 Author Report Share Posted September 21, 2009 China’s Sinohydro in Talks to Build $300 Million Dam in Congo http://www.bloomberg.com/apps/news?pid=206...id=azN3SgWO7cus Link to comment Share on other sites More sharing options...
vssmnn Posted September 29, 2009 Author Report Share Posted September 29, 2009 Elemental Minerals follows Congo potash after DMC iron foray http://www.theaustralian.news.com.au/busin...9-15023,00.html Link to comment Share on other sites More sharing options...
vssmnn Posted September 30, 2009 Author Report Share Posted September 30, 2009 Canadian head of Congo state miner Gecamines quitshttp://www.globeinvestor.com/servlet/story...MINING/GIStory/ The Canadian head of Democratic Republic of Congo's state mining firm Gecamines said on Wednesday he had resigned. "It's a friendly resignation," Paul Fortin told Reuters. "I stepped down. I was at it for four years and it will take more time to sort things out, but I think it's time to pass on to a new chief." Gecamines was once one of Congo's biggest mineral exporters, but barely functions as a mining operation after years of neglect and maladministration. "I was appointed for 18 months, and I stayed for four years," Fortin said. "You chip away at the problems, but they are still there. We've made progress. I'm satisfied." During his tenure, lawyer Fortin was credited with calming workers by paying back wages. He also oversaw much of Gecamines' transition from non-functioning state miner to landholder joint venture partner in a period when many international resources firms invested in copper and cobalt mining in Congo...... Link to comment Share on other sites More sharing options...
vssmnn Posted September 30, 2009 Author Report Share Posted September 30, 2009 Banro: Link to comment Share on other sites More sharing options...
vssmnn Posted October 8, 2009 Author Report Share Posted October 8, 2009 Around 25 Congo mining deals risk cancellation http://af.reuters.com/article/investingNew...E5970AR20091008 KINSHASA (Reuters) - Some 25 mining contracts in Congo involving "second tier" copper, diamond, and gold assets could be scrapped if companies fail to present the results of feasibility studies by a December dealine, the Ministry of Mines said on Thursday. "We will see if the studies were done. They will be able to present their reasons, and the cabinet will decide whether to extend (the deadline) or withdraw the permits. The goal is to have these assets in capable hands," Deputy Mines Minister Victor Kasongo told Reuters. Congo completed a review of 61 mining contracts in August as part of an effort to boost state revenues from agreements signed mostly during the chaos and corruption of a 1998-2003 war and the transitional government that followed. However, many companies that saw their partnerships approved by the review panel have yet to present required feasibility study results, Mines Minister Martin Kabwelulu told an investor conference in Kinshasa on Wednesday. "Certain partners started work without finalising their feasibility studies," he said. The companies were initially asked to present the results among documents submitted at the start of the long-delayed review process. But the government extended the deadline when it became clear that the majority of companies had not yet completed their studies. "Eleven companies were either in production or gave feasibility studies. The rest gave nothing. So far we've still received nothing, and we've asked," Kasongo said Thursday. He said around 25 projects in possession of what he described as "second tier assets" in the copper, diamond, and gold sectors were subject to the December deadline. He did not name the projects. :D :D :D Congo cancelled a copper and cobalt mining contract with Kingamyambo Musonoi Tailings, a unit of First Quantum in August on the grounds that it had failed to enter into commercial production within an agreed timeframe. Freeport McMoran and Lundin Mining, parnters in the giant Tenke Fungurume Mining copper and cobalt project, have been given until October 12 to complete negotiations with the government or risk losing their permit. But despite lingering doubts over the fate of the country's largest foreign-owned projects, analysts had expected completion of the review to boost investor confidence in Congo's high-risk but potentially lucrative mining sector. Link to comment Share on other sites More sharing options...
vssmnn Posted October 30, 2009 Author Report Share Posted October 30, 2009 Tiger Resources Issues September 2009 Quarterly Report PERTH, Western Australia, Oct. 30, 2009 (Canada NewsWire via COMTEX News Network) -- Tiger Resources Limited (ASX/TSX: TGS) ("Tiger" or the "Company") advises that the activities report for the quarter ended 30 September 2009 has been issued today. Highlights of the report are set out below, and the full text of the report is available on the Company's website www.tigerresources.com.au and under the Company's profile at www.sedar.com. << HIGHLIGHTS KIPOI PROJECT Significant progress made during the quarter towards the development of the proposed US$30 million Stage 1 copper mining operation at the Kipoi project: - Mandate of leading South African bank to arrange US$16 million debt facility. - Receipt of indicative proposals for offtake arrangements in conjunction with subordinated debt facility for up to US$15 million. Company anticipates finalising negotiations for subordinated debt facility in November. - Further progress made to bring Kipoi project into production by mid 2010. Engineering group appointed to design, construct and commission the Stage 1 facilities. - Potential for significantly enhanced project economics as a result of increased copper price (estimates on 100% project basis and exclude finance costs): ---------------------------------------------------------------------- Copper Price US$/Lb Cu ---------------------------------------------------------------------- US$3.00 US$2.50 US$2.00 ---------------------------------------------------------------------- Project cash flow US$209M US$146M US$97.5M ---------------------------------------------------------------------- Project NPV (@10%) US$152M US$96.5M US$54M ---------------------------------------------------------------------- IRR (after tax and royalties) 190% 130% 80% ---------------------------------------------------------------------- Payback 7 months 10 months 15 months ---------------------------------------------------------------------- - Payment of total of US$8.14 million to increase interest in the Kipoi Project and resolve potential contract dispute. - Metallurgical testwork investigating (a) ways to upgrade cobalt rich ore (for Stage 1 development) and ( copper recoveries via acid leaching (for Stage 2 development) continuing. >> Link to comment Share on other sites More sharing options...
vssmnn Posted October 30, 2009 Author Report Share Posted October 30, 2009 Chevalier Resources Luisha Copper Cobalt Project - 43-101 Report by Strathcona Mineral Services Limited - PDF http://www.chevalierresources.com/pdfs/Che...%208%202009.pdf very close to Kipoi from TGS (ASX) Link to comment Share on other sites More sharing options...
denarii Posted November 6, 2009 Report Share Posted November 6, 2009 NEED MORE INFORMATIONS! http://www.minesandcommunities.org/Action/press1411.htm Friedland is saying that the Ivanplats copper deposit in Congo is one of the top 5 ever discovered and would be low cost. CIBC are shopping it around as there is an IPO planned. There is actually a grey market for the stock as baker Steel have bought it and the company has previously raised money in placings. Link to comment Share on other sites More sharing options...
vssmnn Posted November 13, 2009 Author Report Share Posted November 13, 2009 Tiger still a buy! Tiger Resources Completes A$7,500,000 Placement PERTH, Western Australia, Nov. 13 /CNW/ - Tiger Resources Ltd (ASX/TSX - TGS) ("Tiger" or the "Company") is pleased to announce that it has completed the placement of 50 million ordinary shares (the "Shares") at a price of A$0.15 per Share to Trafigura Beheer BV ("Trafigura") for proceeds of A$7,500,000. On 9 November 2009 the Company announced it had entered into a conditional agreement with Trafigura for a combined equity and debt financing package for a total of US$33.9 million. The financing package comprises: - Placement of 50 million shares at an issue price of A$0.15 for proceeds of A$7,500,000 (US$6.9 million). - Loan note debt facility for US$12 million. - Subordinated debt facility for US$15 million. The equity component of this financing package has now been completed. The proceeds of the placement will be used for the acquisition of the outstanding 15% interest in Tiger Congo sprl from Groupe Orgaman for US$3 million in cash, to fund the follow up drilling programme at Tiger's wholly owned, highly prospective Sase prospect (which is expected to commence in December 2009) and for working capital and general corporate purposes. Completion of the loan note and subordinated debt facilities are subject to various conditions precedent including completion of detailed documentation, receipt of shareholder and Toronto Stock Exchange approval and, in the case of the subordinated debt facility, the US$16 million senior debt facility (the Nedbank facility) being in place and available. The detailed documentation is currently being prepared and it is anticipated that the shareholder meeting to approve aspects of the financing package will be held in the first quarter of 2010. Further information regarding the shareholder meeting (including meeting materials) will be provided to Tiger shareholders in due course. In accordance with the requirements of the ASX, an Appendix 3B in respect of the 50 million Shares referred to in this announcement is being lodged with the ASX concurrently with this announcement. Company website: www.tigerresources.com.au This week, the Australo-Congolese now reported that funding had been completed to production start. A total of 33.9 million USD to get by Trafigura Beheer BV, the largest independent commodities traders worldwide. Trafigura made a 2008 turnover of 70 billion USD and has visited include Anvil Mining with 200 million USD for its Kinsevere mine, only 50 kilometers from Tiger Kipoi project away. With almost 34 Mllionen USD, now replaced by the Tigers, wants to promote in particular the mining and construction to begin until mid-2010 with an initial production step. Link to comment Share on other sites More sharing options...
vssmnn Posted November 15, 2009 Author Report Share Posted November 15, 2009 Maturing Randgold looks in great shape http://www.timeslive.co.za/business/article193945.ece Randgold finding gold at $10/oz, selling it at $1 000/oz – Bristow http://www.miningweekly.com/article/randgo...stow-2009-11-10 Link to comment Share on other sites More sharing options...
vssmnn Posted November 24, 2009 Author Report Share Posted November 24, 2009 impressive Elemental Minerals Presentation (Potash in the ROC) http://stocknessmonster.com/news-item?S=EL...SX&N=470621 Link to comment Share on other sites More sharing options...
vssmnn Posted November 25, 2009 Author Report Share Posted November 25, 2009 Link to comment Share on other sites More sharing options...
vssmnn Posted November 30, 2009 Author Report Share Posted November 30, 2009 Banro appoints Michael Beckett to Board of Directors TORONTO, Nov. 30, 2009 (Canada NewsWire via COMTEX News Network) -- Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce that Michael Beckett will join the Company's Board of Directors as a non-executive director on January 1, 2010. Mr. Beckett is currently a director of a number of public companies, including Endeavour Financial Corporation (he is also the Chairman of this company), Northern Platinum Limited, Mvelaphanda Resources Limited, Medoro Ltd., Orica Limited, The Egypt Trust, and Thomas Cook Group plc (he is also the Chairman of this company). He was previously the Chairman of Ashanti Goldfields Company Limited. Link to comment Share on other sites More sharing options...
vssmnn Posted December 2, 2009 Author Report Share Posted December 2, 2009 El Nino Closes $1.5 Million Non-Brokered Private Placement; Update on the Kasala Copper Project in the DRC http://www.prnewswire.com/news-releases/el...c-78311907.html Great expectations in Uganda over oil discovery http://www.guardian.co.uk/katine/2009/dec/...ts-rural-uganda RiskMetrics recommends financing deal between Anvil Mining and Trafigura Beheer http://www.google.com/hostednews/canadianp...1A1d7UDPUxxGQgw Lucara in Share Issue Ahead of Mine Purchase http://www.idexonline.com/portal_FullNews.asp?id=33279 Link to comment Share on other sites More sharing options...
vssmnn Posted December 5, 2009 Author Report Share Posted December 5, 2009 Joint Methane Gas Project to Commence Soon Kigali — The regional methane gas project which was agreed upon by Rwanda and the Democratic Republic of Congo is set to kick off next month a senior government official has said. http://allafrica.com/stories/200911300187.html Link to comment Share on other sites More sharing options...
vssmnn Posted December 7, 2009 Author Report Share Posted December 7, 2009 Patersons Industry Report : 2010 Year of the red Metal http://dml.irmau.com/irm/Company/ShowPage....mp;EID=17876304 Link to comment Share on other sites More sharing options...
vssmnn Posted December 9, 2009 Author Report Share Posted December 9, 2009 Kilo Goldmines Presentation 23 November 2009 http://www.goldinvest.de/public/data/docum...ovember2009.pdf Delineate 2.0 to 4.0M oz of gold in 2010 (NI43-101compliant) Link to comment Share on other sites More sharing options...
vssmnn Posted December 10, 2009 Author Report Share Posted December 10, 2009 Update on Phase 2 diamond core drilling program at Kodo Main, Zani-Kodo Project, DRC http://www.mwanaafrica.com/ir/press/2009/p..._10dec09_ii.asp Link to comment Share on other sites More sharing options...
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