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Mozambique is a great place to go on holiday. The beaches are long and sandy, the sea is warm, the snorkelling is stupendous, and the sun shines brightly enough, even in wintertime. What’s more, following two decades of civil war
Full story...When we last wrote about AIM listed Chromex Mining a year ago the company was going through a very frustrating time awaiting the outcome of a dispute with the South African Department of Mines & Energy over rights to the
Full story...Over the past couple of weeks here at Minesite we’ve had plenty to say about the legal comings and goings over the partially disputed Marampa iron ore project in Sierra Leone. The convoluted three way argument between African
Full story...What do you do if you’ve hijacked a ship containing 33 state-of-the-art Russian T-72 tanks? No, this is not a note-to-self from thriller-writer Jack Higgins, this is the question that faced a gang of Somali pirates who struck it
Full story...“The key question”, reads a recent broker report on Aricom, “one that is difficult to answer with certainty at this stage”, but that’s “driving the outlook for the company, is the level of capex inflation”. Aricom addressed that
Full story...Things appear to be falling apart for Central African Gold’s Zimbabwe gold operation, Falcon Gold, as output of the precious metal from stood at a mere 85 kgs for the period January to June this year. This pathetic figure is in
Full story...You’ve got to hand it to the management of Serabi Mining: they’re not hunkering down in bomb shelters while an irate City rains down heavy ordinance upon their heads. On the contrary, following the company’s disastrous news that
Full story...The sheer brutality of a bear market is writ large in the performance of Sunkar Resources which raised £36 million in June prior to listing on AIM. The price paid then was 120p per share: now the shares cost 24p. And nothing
Full story...On the global scene, platinum prices slithered down to a 33-month low amidst fears over plummeting demand from car manufacturers. The greenback also gained as it rose to a one-year high against the euro, yet gold traded steady on
Full story...Metal prices were pretty much ok until Friday of last week when there seems to have been a bit of reality check. A US$305 a tonne fall in the price of copper that day took it down to US$5,882. Considering it had been US$6,900 a
Full story...One of New Zealand's leading high-quality coal producers is on track to become one of the country's major producers of renewable energy when two major green energy projects come online next year. Solid Energy’s seven coal mines
Full story...There was absolutely no let up in the ferocity of the bear market this week, with metal prices also under severe pressure. The majors predictably had a tough time of things. Anglo American (LSE: AAL) was down 10 per cent to 1781p
Full story...Minews. Good morning Australia. Should we ignore the market and talk about sport today?
Full story...Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed this past week.
Full story...Coal mining is all about big numbers. Unlike gold mining you can’t start small and work your way up because consumers want to have a reliable, large tonnage feed for many years. In contrast to gold, of course, there is not a
Full story...In the mining game “bigger is almost always better”, and this fact has not been lost on Canadian-listed Capstone Mining as it looks to tie the knot with fellow copper producer Sherwood Copper. The proposed nuptials would create a
Full story...Take a look at the share price chart of Minera Andes and you will see a hockey stick shape at the end. In other words there was some news in August September-time good enough to move the price upward even in these dire times. A
Full story...George Bujtor’s always ready with a smile. You might not think that the chief executive of a company that started out life as a direct shipping nickel operation would have much to smile about at the moment, as nickel sinks ever
Full story...Frustrating is not a word strong enough to express feelings at Canadian-listed AXMIN after an announcement was issued on local radio in the Central African Republic (CAR) that a decree had been issued which appeared to amend
Full story...“The value that we humans place in gold in difficult times will never be replaced”. So says Demetri Manolis, chief executive of Goldplat, the African-focussed company that backs its exploration and development projects with a
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