vssmnn Posted July 31, 2010 Author Report Share Posted July 31, 2010 Zuma Inc's DRC oil coup (and the Tokyo factor) http://www.mg.co.za/article/2010-07-30-zum...he-tokyo-factor Namakwa's Lesotho, DRC Projects on Track http://www.diamonds.net/news/NewsItem.aspx?ArticleID=31771 Link to comment Share on other sites More sharing options...
drbubb Posted August 1, 2010 Report Share Posted August 1, 2010 Hi Conrad, Which are your favorite 2-3 African mining plays right now? Link to comment Share on other sites More sharing options...
vssmnn Posted August 3, 2010 Author Report Share Posted August 3, 2010 Hi Conrad, Which are your favorite 2-3 African mining plays right now? DRC: Banro Mwana Kilo Goldmines Tiger Resources Anvil Diamonds: Lucara Kopane/Firestone (if merged) Potash: MagIndustries Elemental Minerals Gold: Perseus Mining Red Back (now in Takeover Talks) Semafo (since 2 years ;-) ) Oil: Tullow (Uganda/DRC) Afren/Gasol (West Africa) Coal: Sasol Nickel: Continental Nickel Ltd. Link to comment Share on other sites More sharing options...
vssmnn Posted August 3, 2010 Author Report Share Posted August 3, 2010 Congo to review copper, cobalt taxes: PM http://af.reuters.com/article/topNews/idAFJOE67201920100803 Link to comment Share on other sites More sharing options...
vssmnn Posted August 4, 2010 Author Report Share Posted August 4, 2010 Kilo Announces Amendments to Terms of KGL-Somituri SPRL Partnership/Cross of Shares TORONTO, ONTARIO, Aug 04, 2010 (MARKETWIRE via COMTEX News Network) -- Kilo Goldmines Ltd. (TSX VENTURE: KGL)(FRANKFURT: 02K) ("Kilo" or the "Company") announced today that it has amended the terms of its KGL-Somituri SPRL partnership (the "Partnership") formed for the joint exploration for gold of 20 mineral exploration permits and 8 mineral exploitation permits (collectively, the "Permits") in the north-eastern Democratic Republic of Congo ("DRC"). The permits, which are currently being explored by diamond drilling by Kilo, include the past producing Adumbi, Manzako and Kitenge gold mines. The Partnership was originally formed in July 2007 between the Company's wholly-owned subsidiary, Kilo Goldmines Inc. ("KGI"), and a number of present and former DRC nationals (the "Local Partners"). KGI holds a 71.25 interest in the Partnership, the Local Partners collectively hold 23.75% and the DRC government holds the remaining 5% as a carried interest. Under the terms of the Partnership, the Local Partners will transfer the Permits to the Partnership and KGI is required to make certain cash payments to the Local Partners and incur certain exploration expenditures on the Permits. Link to comment Share on other sites More sharing options...
vssmnn Posted August 4, 2010 Author Report Share Posted August 4, 2010 S Africans stake claims to Congolese oil http://www.ft.com/cms/s/0/2f04e730-9d86-11...144feab49a.html Link to comment Share on other sites More sharing options...
vssmnn Posted August 8, 2010 Author Report Share Posted August 8, 2010 KIG Mining Plc (5KM.FSE) Concluded a Memorandum of Understanding on July 2010 To Acquire Fifteen Diamond Exploration Permits in the Democratic Republic of Congo (DRC) in the Diamond Craton in the Tshikapa Area in Occidental Kasai of the DRC. http://www.pr-inside.com/kig-mining-plc-5k...-a-r2038449.htm Link to comment Share on other sites More sharing options...
vssmnn Posted August 8, 2010 Author Report Share Posted August 8, 2010 Randgold Resources - riding the African gold roller coaster http://www.mineweb.co.za/mineweb/view/mine...&pid=102055 $1 500/oz in 2011 'not unrealistic' – Randgold Resources http://www.miningweekly.com/article/bristow-2010-08-05 Link to comment Share on other sites More sharing options...
vssmnn Posted August 11, 2010 Author Report Share Posted August 11, 2010 5th Exploration Licence (PR) Granted to GILLA in Democratic Republic of Congo CARSON CITY, Nev., Aug 11, 2010 (GlobeNewswire via COMTEX News Network) -- GILLA INC. (OTCBB:GLLA) (the "Company") has received confirmation that the application for Mineral Rights made by its 100% owned Congolese subsidiary, GISOR SPRL ("GISOR"), was successful. The Company was granted approval ("Avis Favorable") on August 9, 2010, by the Cadastre Minier (CAMI) of a concession covering 451 «carres miniers» or 383 square kilometres (38,300 Hectares) (Mwenga Project) located in the South-Kivu Province, Democratic Republic of Congo ("DRC"). The Certificate entitles GISOR to conduct gold and diamond exploration on the awarded Exploration Licence (Permis de Recherches "PR"). In addition to GILLA's four (4) Licences obtained, as reported in June 2010, GILLA has successfully secured to date in the DRC a total area of 1,450 «carres miniers» or 1,232 square kilometres (123,200 Hectares) distributed amongst five concessions located in the Oriental and South Kivu Provinces. "Further to the four (4) Licenses we already received, we are extremely pleased to have been granted the final approval on this concession which was of great interest to a number of parties due to its very strategic position" said Georges Benarroch, President of GILLA INC. "We consider the location strategic because of its location in the Lugushwa area known for its gold occurrences, and for being contiguous to BANRO CORP's (TSX:BAA) mining licences" said Daniel Barrette, COO of GILLA Inc. Link to comment Share on other sites More sharing options...
vssmnn Posted August 11, 2010 Author Report Share Posted August 11, 2010 Tiger Resources Limited - Copper drilling programme starts at Sase Project PERTH, Western Australia, Aug. 11, 2010 (Canada NewsWire via COMTEX News Network) -- Tiger Resources Limited (ASX/TSX: TGS) ('Tiger' or the 'Company') is pleased to announce the start of a drilling programme on its 100% held Luputo Permit, PR2214 in the Democratic Republic of Congo's Katangan Copper Belt. An earlier diamond drilling programme delineated a zone of high grade oxide copper mineralisation extending over a strike of 600m, a surface width of up to 200m and to a depth of 120m at the Sase Project. Drilling intersections, announced on 9 February, 2009, included 64m @ 3.27% Cu, 73.25m @ 3.33% Cu, 38.85m @ 5.23% Cu and 60.50m @ 3.49% Cu. Link to comment Share on other sites More sharing options...
vssmnn Posted August 15, 2010 Author Report Share Posted August 15, 2010 Coltan mines to be 'fingerprinted,' German scientists say http://www.dw-world.de/dw/article/0,,59074...en-all-1573-rdf Link to comment Share on other sites More sharing options...
vssmnn Posted August 15, 2010 Author Report Share Posted August 15, 2010 New in Congo Club: http://www.dyor.de/congoclub-main.html August 3, 2010 KIG Mining Plc concluded a Memorandum of Understanding to acquire Exploration Permits in DRC. KIG Mining Plc is pleased to announce that it concluded a Memorandum of Understanding on July 2010 with two companies in the Democratic Republic of Congo (DRC) to acquire fifteen (15) diamond Exploration Permits in the diamond Craton in the Tshikapa area in Occidental Kasai of the DRC. The permits total more than 6,000 km². More than USD 3.2 million was spent on exploration of these permits in the last years. The MOU calls for an option period of 30 days to allow KIG to evaluate the potential of the permits. A considerable amount of data was made available to the company including aero magnetic surveys, sampling results, geochemistry results and preliminary drilling results. More than 20 potential diamondiferous anomalies have been identified on the properties. Targets on four permits have classified as “drill ready” and more are expected to be classified as such following a geophysical analysis of the data. Alluvial diamond mining by local artisans is on-going on parts and in proximity to the permits acquired. The DRC is a party to the Kimberlite process and more than USD 600 million dollars is exported each year according to the Diamond Council of Antwerp. Upon completion of the evaluation study KIG will own 100% of the permits. KIG expects to make a further announcement on the evaluation of the permits in late August 2010. KIG is very confident that based on the evaluation of the data those permits will prove to be high yielding in quality diamonds knowing the area in which the permits are located Link to comment Share on other sites More sharing options...
vssmnn Posted August 16, 2010 Author Report Share Posted August 16, 2010 Anvil Mining generates positive Q2 cash flows from its Kinsevere Stage I HMS plant http://www.proactiveinvestors.com/companie...plant-7654.html Link to comment Share on other sites More sharing options...
vssmnn Posted August 17, 2010 Author Report Share Posted August 17, 2010 Delay in Kinsevere copper project Montreal, Canada --- MININGREVIEW.COM --- 17 August 2010 Canadian-based Anvil Mining Limited ‒ a copper producer focused on the Democratic Republic of Congo (DRC) - has posted a second-quarter profit boosted by higher sales and lower expenses, but says it expects some delay in commissioning its Kinsevere copper project. The company’s latest quarterly results statement released here said that for the three months ended 30 June, it had posted net income from continuing operations of US$5.1 million (R38.25 million) or 3 cents a share, compared with a net loss of US$11.3 million (R84.75 million) or 13 cents a share a year ago. Revenue from continuing operations had nearly doubled to US$14.5 million (R108.75 million). Anvil said it now expected to commission its Kinsevere Stage II copper mine project in the DRC by the second quarter of 2011. It had stated earlier that it would commission the project in the first quarter. In February, the company had agreed to sell the majority interest in its Dikulushi copper-silver mine in the DRC to Australia's Mawson West Limited for a 28% stake in the junior miner. Anvil said it had agreed to hedge about 100% of its expected copper production for the remainder of 2010, and backed its full-year production view of 15 000 tons of copper contained in concentrate. Shares in Anvil, which have lost about 18% of their value in the last six months, closed at C$2.75 on the Toronto Stock Exchange before the weekend. The company also announced that its chief executive Bill Turner would be retiring in early 2011. Link to comment Share on other sites More sharing options...
vssmnn Posted August 20, 2010 Author Report Share Posted August 20, 2010 ENRC buys controlling stake in DRC miner http://www.sharecast.com/cgi-bin/sharecast...tory_id=3646589 Link to comment Share on other sites More sharing options...
vssmnn Posted August 20, 2010 Author Report Share Posted August 20, 2010 Government Mismanagement Under DRC President Kabila Frustrates Foreign Investors http://oilprice.com/Geo-Politics/Africa/Go...-Investors.html Link to comment Share on other sites More sharing options...
vssmnn Posted August 22, 2010 Author Report Share Posted August 22, 2010 Time is right for BHP's Canadian potash plunge http://www.theaustralian.com.au/business/t...x-1225907023612 The most advanced local explorer is Reward Minerals, with a 20.5 million tonne resource at its Lake Mackay project in the Gibson Desert, which straddles the Western Australia-Northern Territory border. Reward is also in a joint venture on another project with Rum Jungle Uranium. Other potash stocks that fared well were South Boulder Mines (exploring in Eritrea), Transit Holdings (exploring in Utah), Red Metal (Colorado), Elemental Minerals (Republic of Congo) and Orecobre (with an advanced lithium-potash project in Argentina). On the demand side, all the expectations are that fertiliser sales are poised to rise. These sales plummeted when the global financial crisis hit, due to falling crop receipts and the inability of farmers to get loans to buy fertilisers. But that cannot go on. As Scotiabank of Canada noted in a recent review of potash, since the GFC hit farmers around the world have "mined" nutrients from the soil. Now they have to put them back if crop yields are to be maintained. Tin, potash - raring to go http://www.theaustralian.com.au/business/m...x-1225905763370 Link to comment Share on other sites More sharing options...
vssmnn Posted August 23, 2010 Author Report Share Posted August 23, 2010 REFILE-Firms awarded Congo oil decline to name investors http://af.reuters.com/article/drcNews/idAFLDE67F0X720100816 Link to comment Share on other sites More sharing options...
vssmnn Posted August 23, 2010 Author Report Share Posted August 23, 2010 Congo copper battle goes into overdrive http://www.mineweb.co.za/mineweb/view/mine...&pid=102055 Banro restructures its executive management group and completes the staffing of its project development team http://www.prnewswire.com/news-releases/ba...-101295399.html Banro 'in no rush' for new CEO after Prinsloo exit http://www.miningweekly.com/article/banro-...exit-2010-08-23 Link to comment Share on other sites More sharing options...
vssmnn Posted August 23, 2010 Author Report Share Posted August 23, 2010 Congo's wealthy copperlands a world apart http://af.reuters.com/article/topNews/idAFJOE67M07020100823 Link to comment Share on other sites More sharing options...
vssmnn Posted August 24, 2010 Author Report Share Posted August 24, 2010 African Metals drills 48 m of 2.80% Cu at Luisha South http://www.stockwatch.com/News/Item.aspx?b...p;news_region=C Link to comment Share on other sites More sharing options...
vssmnn Posted August 24, 2010 Author Report Share Posted August 24, 2010 "We've geologists doing work in DRC. I love the copper potential there. Some of the grades in tailings dumps in the DRC are higher than our primary mines." Rio Tinto 'under invested' in Africa http://www.miningmx.com/special_reports/mi...in%20Africa.htm CADFund President: Congo Mines Purchase With China's Zijin Near Approval http://www.automatedtrader.net/real-time-d...n-near-approval Link to comment Share on other sites More sharing options...
vssmnn Posted August 24, 2010 Author Report Share Posted August 24, 2010 Market forces: Kazakh miner stymied by Congo copper controversy http://insurancenewsnet.com/article.aspx?i...;type=newswires Miners and mergers helped push shares higher yesterday, but Kazakh group Eurasian Natural Resources Corporation missed out after unfavourable comment about a controversial takeover in the Democratic Republic of Congo. ENRC said late last week it would buy 50.5% of Camrose, a holding company in Congo owned by Israeli diamond entrepreneur Dan Gertler. The key asset is a 70% shareholding in a copper project in Kolwezi, but the ownership of the stake is in dispute. Canada's First Quantum Minerals claims it is the rightful licensee and has successfully called for a tribunal in Paris to rule on the issue. Analyst Anindya Mohinta at Citigroup said: "This is the sort of deal we have flagged as representing a downside risk for [ENRC]. The Kolwezi asset is still under arbitration and First Quantum continues to allege that this asset was illegally seized from it and awarded to Dan Gertler's investment vehicle. Until the arbitration process is complete, we think it risky to touch these assets. Given the controversy, we would expect ENRC to have obtained a good financial deal; we are less certain if the reputational risk of buying these assets will prove worth it." Link to comment Share on other sites More sharing options...
vssmnn Posted August 25, 2010 Author Report Share Posted August 25, 2010 Greenock Resources: Kakanda Hardrock Concession Agreement TORONTO, ONTARIO, Aug 25, 2010 (MARKETWIRE via COMTEX) -- Greenock Resources Inc. /quotes/comstock/11v!e:gkr (CA:GKR 0.07, 0.00, 0.00%) ("Greenock") announces that it has been continuing positive discussion between its wholly owned subsidiary PTM Minerals (Cayman) ("PTM") with its joint venture partner Gecamines and the Ministry of Mines in the Democratic Republic of the Congo ("DRC") to develop the Kakanda tailings and hardrock concessions. The recent discussions have focused on defining the framework of an agreement for the development of the entire Kakanda project. PTM previously included both the hardrock and tailings resources in the feasibility study that was delivered to Gecamines on October 27, 1998 in compliance with its original exploration permit. The recent land ownership reforms and realignment of mining concessions was completed earlier this decade with the DRC mining reform legislation. This legislation was designed to sort out competing land claims and provide transparency to the issuance of mining licenses. PTM's Kakanda development agreement was signed with Gecamines and ratified by the Government in January 2009. The economic values set out in the Kakanda feasibility study were to include both tailings and hardrock resources. If necessary Gecamines has agreed to assist in securing additional copper/cobalt resources that may be included in a production evaluation to enable the Kakanda project to proceed in accordance with economic values set out in the original feasibility. Link to comment Share on other sites More sharing options...
vssmnn Posted August 25, 2010 Author Report Share Posted August 25, 2010 Australia firm signs Congo carbon offsets deal http://af.reuters.com/article/investingNew...E67O0BD20100825 Link to comment Share on other sites More sharing options...
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