Africa & Middle East

Mineral exploration in Australia during the September 2015 quarter was dominated by exploration on existing deposits, leading to a fall in greenfields mineral exploration metres drilled, according to Association of Mining and Exploration Companies (AMEC) chief executive officer Simon Bennison. “Greenfield mineral exploration is still at record lows, similar to…
Lonmin’s Marikana mine concentrator plant. South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company said it would sell 27 billion shares at one pence each to its…
Telferscot Resources Inc. (CSE:TFS) ("Telferscot" or the "Company") is pleased to announce that it has entered into a Letter of Intent (the "LOI") to sell its 2,775 common shares or approximately 7.4% interest in Kolwezi Copper Corp. ("KCC") for USD 854,700 (the "Sale"). The Sale will close in two tranches.…
Anglo reshuffles top management team, waves iron ore boss good-byeAnglo American’s chief executive Mark Cutifani (Image from archives) Anglo American (LON:AAL) announced Thursday major changes at the senior management level, including the departure of its Brazil-based iron ore chief and a renewed focus on sales and marketing, as the stock…
“…The clear intention of The World Bank to collaborate with the NEXIM Bank towards a structured intervention in the Nigeria’s solid minerals sector is quite expedient. More so, with commitment and firm resolve of President Muhammad Buhari to diversify the economy, revitalize the mining sector towards boosting job creation and…
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