FUNDING

AFRICA MINING INTELLIGENCE n°222 - 10/03/2010 FUNDING De Beers Reports Hefty Loss The 2009 year was difficult for De Beers because of the financial crisis. (...)  [99 words]  [$1.8] AFRICA MINING INTELLIGENCE n°222 - 10/03/2010 FUNDING Key Mozambique Rail Line Finished After 27 years trains are to run once again between the port of Beira in Mozambique and the Moatize coal mine in Tete Province. (...)  [128 words]  [$1.8] AFRICA MINING INTELLIGENCE n°221 - 24/02/2010 FUNDING De Beers Goes in Search of Cash The world’s top diamond producer is seeking to sell off a stake to refinance a USD 1. (...)  [118 words]  [$1.8] AFRICA MINING INTELLIGENCE n°220 - 10/02/2010 FUNDING Golden Star Production Stagnates in Ghana Golden Star Resources Ltd’s production in 2010 is expected to be the same as in 2009. (...)  [68 words]  [$1.8] AFRICA MINING INTELLIGENCE n°220 - 10/02/2010 FUNDING Ghana and Mauritania Boost Red Back Mining The junior Red Back Mining (RBI), which operates the Chirano deposit in Ghana and the Tasiast deposit in Mauritania, is forecasting production of 525,000 oz in 2010 against 342,000 last year. (...)  [80 words]  [$1.8] AFRICA MINING INTELLIGENCE n°219 - 27/01/2010 FUNDING Perseus Moves Ahead on Ghana’s Ayanfuri Project The Australian company Perseus Mining Ltd, which has had a presence in Ghana since 1995, is to inject an extra USD 160 million into mining gold resources on the Ayanfuri deposit in the south east of Central Region. (...)  [122 words]  [$1.8] AFRICA MINING INTELLIGENCE n°219 - 27/01/2010 FUNDING Antananarivo Holds Fire on Contract Revision Drawing lessons from the policy of "revisitation" of mining contracts in Congo-K, Madagascar has decided to stall on the matter. (...)  [124 words]  [$1.8] AFRICA MINING INTELLIGENCE n°218 - 13/01/2010 FUNDING Madagascar Gets First Fees for Ilmenite QIT Madagascar Minerals (QMM), which began last March to mine ilmenite in the Fort-Dauphin region of Madagascar, has paid a first instalment of licence fees worth USD 170,000. (...)  [58 words]  [$1.8] AFRICA MINING INTELLIGENCE n°218 - 13/01/2010 FUNDING Zambia’s KCM Adopts Plan Konkola Copper Mines (KCM) has adopted a development plan to raise production to 6 million tonnes of ore from 2011. (...)  [57 words]  [$1.8] AFRICA MINING INTELLIGENCE n°217 - 23/12/2009 FUNDING Bamako Seeks to Survey Revenues Mali, which is expected to register a fall of 13% in gold production for 2009 to 46 tonnes from 52 tonnes in 2008, is planning to increase its surveillance of revenues derived from gold mining. (...)  [177 words]  [$1.8]   AFRICA MINING INTELLIGENCE n°222 - 10/03/2010 FUNDING AM Capital Crafts Cross-Border Merger The investment bank AM Capital was behind the USD 48 million merger announced at the end of February between International Gold Exploration (IGE), quoted on the Oslo Stock Exchange, and Pangea DiamondFields Plc, quoted on the London AIM. (...)  [114 words]  [$1.8] AFRICA MINING INTELLIGENCE n°221 - 24/02/2010 FUNDING Albert Mining Re-starts Kabwe Alberg Mining & Minerals Exploration Ltd is to invest USD 35 million to re-start the Kabwe zinc mine. (...)  [87 words]  [$1.8] AFRICA MINING INTELLIGENCE n°221 - 24/02/2010 FUNDING World Bank Backs Decontamination in Zambia The World Bank has decided to back the Blacksmith Institute’s programmes to tackle diseases caused by lead poisoning by decontaminating and rehabilitating sites around Kabwe in Zambia, which the American institute classifies as one of the most polluted towns in the world. (...)  [109 words]  [$1.8] AFRICA MINING INTELLIGENCE n°220 - 10/02/2010 FUNDING City Bank and Chinalco Partner BSGR in Guine City Bank and China Aluminium Company (Chinalco) were designated at the end of January as BSGR’s partners to fund mining at the Zogota iron ore deposit in Guinea. (...)  [347 words]  [$1.8] AFRICA MINING INTELLIGENCE n°220 - 10/02/2010 FUNDING World Bank Backs Helio The International Finance Corporation (IFC) is supporting Tanzania’s mining industry through its investment in Helio Resource Corp. (...)  [67 words]  [$1.8] AFRICA MINING INTELLIGENCE n°219 - 27/01/2010 FUNDING Guinea Sets Investment Target for Zogota Iron BSGR Guinea’s mining convention for extracting iron ore at Zogota in Kobela sub-prefecture, in the south of N’Zerekoré Province, was signed on December 21 in Conakry. (...)  [82 words]  [$1.8] AFRICA MINING INTELLIGENCE n°218 - 13/01/2010 FUNDING World Bank Backs Sierra Leone The World Bank is to release USD 4 million for Sierra Leone to help with the Mining Technical Assistance Project (MTAP) launched by the Sierra Leone government. (...)  [104 words]  [$1.8] AFRICA MINING INTELLIGENCE n°218 - 13/01/2010 FUNDING Morocco’s OCP Sets Up In Brazil As part of its strategy to grow abroad, Office Chérifien des Phosphates (OCP) of Morocco has chosen Sao Paulo in Brazil for opening a subsidiary. (...)  [121 words]  [$1.8] AFRICA MINING INTELLIGENCE n°217 - 23/12/2009 FUNDING Gold to Bring Burkina EUR 26 Million Burkina Faso’s gold mining revenues will reach EUR 26 million in 2010. (...)  [84 words]  [$1.8] AFRICA MINING INTELLIGENCE n°217 - 23/12/2009 FUNDING Newmont Looks Towards a Second Mine in Ghana The American company Newmont Mining Corp may begin operations at the Akyem deposit in the east of the country, with proven reserves of 7. (...)  [71 words]  [$1.8]