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Africa Mining Intelligence/Search a Section

FUNDING

AFRICA MINING INTELLIGENCE n°232 - 25/08/2010 FUNDING
DiamondCorp Mounts Quest for Lace's Diamonds

The British junior DiamondCorp Plc has put together over GBP 7 billion in the past six months to finance development of its diamond mine at Lace in Botswana. (...) [84 words] [$1.8]

AFRICA MINING INTELLIGENCE n°232 - 25/08/2010 FUNDING
ENRC, New Master of Katanga

As Africa Mining Intelligence anticipated would be the case in July (AMI 231), Eurasian Natural Resources Corp (ENRC) has won control of Kingamyambo Musonoi Tailings (KMT), a project that the Congo-K authorities withdrew last year from Canada’s First Quantum Minerals. (...) [156 words] [$1.8]

AFRICA MINING INTELLIGENCE n°231 - 21/07/2010 FUNDING
Fresh Interest in Kwale

Two investment firms have taken significant positions in the junior Base Iron Ltd. (...) [84 words] [$1.8]

AFRICA MINING INTELLIGENCE n°231 - 21/07/2010 FUNDING
World Bank Warns Congo-K

In early July, the World Bank disbursed USD 50 million with the aim of improving transparency and responsibility in the mining sector in Democratic Republic of Congo. (...) [98 words] [$1.8]

AFRICA MINING INTELLIGENCE n°230 - 07/07/2010 FUNDING
Endeavour Takes Over Etruscan

Already holding a 55% stake in Etruscan Resources Inc. (...) [93 words] [$1.8]

AFRICA MINING INTELLIGENCE n°229 - 23/06/2010 FUNDING
Compensation for Small Scale Miners on Kibali Gold Property

The Congolese government and Office des Mines d’Or de Kilo Moto (OKIMO) are seeking an amicable solution to the problem of small-scale subcontractors working on OKIMO’s part of the concessions of Kibali Goldmines SPRL, a joint venture between Randgold Resources and AngloGold Ashanti. (...) [114 words] [$1.8]

AFRICA MINING INTELLIGENCE n°228 - 09/06/2010 FUNDING
Chinese in Hunt for Chrome

Chromex Mining Plc., a company quoted on London’s Alternative Investment Market, has been granted a USD 5 million loan from China’s Suzhou Kaiyuan Chemical Co in return for an agreement to supply chrome to the Chinese concern. (...) [61 words] [$1.8]

AFRICA MINING INTELLIGENCE n°228 - 09/06/2010 FUNDING
SN Mineral Mining at Crossroads

A junior incorporated in Birmingham in the U.K., SN Mineral Mining Ltd. (...) [208 words] [$1.8]

AFRICA MINING INTELLIGENCE n°227 - 26/05/2010 FUNDING
Indian Steel Firms Band Together

Tata Steel, Essar and JSW Ispat could shortly invest in International Coal Ventures Ltd (ICVL), a joint venture set up by state-owned Indian companies to lock in coke and thermal coal resources in the world. (...) [110 words] [$1.8]

AFRICA MINING INTELLIGENCE n°227 - 26/05/2010 FUNDING
Singapore Firm Buys into Freeport McMoRan Copper & Gold

After acquiring a position in South African based Platmin Ltd (listed on the TSX and AIM). (...) [71 words] [$1.8]

AFRICA MINING INTELLIGENCE n°232 - 25/08/2010 FUNDING
Tax Sweeteners for Noventa Ltd in Maputo

Installed only recently in Maputo, Noventa Ltd will shortly receive a USD 850,000 rebate in sales tax concerning its mining operations in the country. (...) [100 words] [$1.8]

AFRICA MINING INTELLIGENCE n°231 - 21/07/2010 FUNDING
Itochu Buys Stake in Extract Resources

Extract Resources Ltd., operator of the highly promising Rossing South uranium deposit in Namibia, is continuing to attract lustful glances. (...) [64 words] [$1.8]

AFRICA MINING INTELLIGENCE n°231 - 21/07/2010 FUNDING
Benga Shifting into Higher Gear

Riversdale Mining is seeking to raise AUD 337 million, of which USD 174 million have already been secured from institutional investors. (...) [62 words] [$1.8]

AFRICA MINING INTELLIGENCE n°230 - 07/07/2010 FUNDING
Congo-K Hits the Jackpot

On July 1 the World Bank approved Congo-K’s enrollment in the Heavy Indebted Poor Countries Initiative which will, in concrete terms, reduce the country’s debt by USD 12. (...) [173 words] [$1.8]

AFRICA MINING INTELLIGENCE n°230 - 07/07/2010 FUNDING
The IFC Backs Tsodilo Resources

The International Finance Corp., private investment arm of the World Bank, has confirmed its investment in Tsodilo Resources, a firm that mines for diamonds in Botswana. (...) [93 words] [$1.8]

AFRICA MINING INTELLIGENCE n°229 - 23/06/2010 FUNDING
GBP 55 Million for Coal of Africa

JP Morgan Cazenove, Macquarie First South Advisers (Pty) Ltd, Evolution Securities Ltd, Mirabaud Securities LLP and Renaissance Capital Ltd placed 50 million new Coal of Africa shares on AIM in London, on the main board of the Johannesburg Stock Exchange and on the Australian Stock Market last week. (...) [88 words] [$1.8]

AFRICA MINING INTELLIGENCE n°228 - 09/06/2010 FUNDING
CGA Mining Wants to Squeeze Most out of African Assets

The Australian junior CGA Mining Ltd is expected to shortly float a new company, Ratel Gold Ltd. (...) [91 words] [$1.8]

AFRICA MINING INTELLIGENCE n°227 - 26/05/2010 FUNDING
Banro Raises CAD 137 Million

The Canadian group Banro Corp. is pressing ahead with its project to boost its gold reserves in Democratic Republic of Congo. (...) [88 words] [$1.8]

AFRICA MINING INTELLIGENCE n°227 - 26/05/2010 FUNDING
IFC Ventures into Moroccan Mining

The International Finance Corp., the private investment arm of the World Bank, is expected to shortly inject USD 2. (...) [51 words] [$1.8]

AFRICA MINING INTELLIGENCE n°226 - 12/05/2010 FUNDING
APAC Buys into Kalahari Minerals

Asian investors are increasingly piling into Kalahari Minerals. (...) [70 words] [$1.8]

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