FUNDING

AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
GHANA
Azumah seeks to raise $20 million for Wa
Azumah Resources Ltd has proceeded with a share issue in a bid to raise $20 million. (...)  [137 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
ZAMBIA
A new metals exchange in Zambia
Mines minister Wilbur Simuusa is currently engaged in consultations with, among others, ZCCM-Investments Holdings, on setting up a metals exchange in Lusaka. (...)  [68 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
BURKINA FASO
What Sidikou aims for in Burkina Faso
As boss of Orezone Burkina, Nigeria’s Aboubakar Sidikou is expected to complete a feasibility study on the Bombore project in the last quarter of this year while gold production is to begin at the end of 2015. (...)  [80 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
AFRICA/INDIA
An Indian fund for African Phosphates
Faced with ever-rising demand for phosphates at increasingly high prices, Indian fertilizer companies have asked the New Delhi authorities to set up a fund. (...)  [111 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
SOUTH AFRICA
Stonewall soon to float in Johannesburg
With funding from Beijing-based Chinese Hanhong Private Equity Investment Co behind it, South Africa’s Stonewall company will shortly be able to finalize acquisition of the Mpumalanga gold mine from Simmer & Jack (South Africa). (...)  [77 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°263 - 07/12/2011
WEST AFRICA
Nord Gold listed at last?
Nine months after being forced to put back the flotation of Nord Gold because of poor market conditions, Russia’s Severstal will now be able to finalize the spin-off of its gold affiliate. (...)  [114 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°263 - 07/12/2011
CONGO-K
UK legislator calls for probe in Sodimico sale
According to British labour MP Eric Joyce, the state-owned Sodimico company in Democratic Republic of Congo lost out in a big way in the sale of its stake in the Sodifor joint venture (holding the Lonshii and Kishiba deposits confiscated from First Quatum) to Fortune Ahead, a firm based in Hong Kong. (...)  [82 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°262 - 23/11/2011
AFRICA
Denham, new partner of Pangea
The U.S. equity fund Denham Capital founded by Stuart Porter, former executive of Goldman Sachs’ commodity index desk, is seeking to set up an “investment platform” for the mining industry in Africa. (...)  [103 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°262 - 23/11/2011
GUINEA
Guinea sees hike in mining revenue
Mining companies working in Guinea increased their output in the first eight months of the year. (...)  [144 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°261 - 09/11/2011
AFRICA
Sarama raises $CA 16
Sarama Resources Ltd. succeeded in its flotation on the Toronto Venture Exchange (SWA-VA) on Nov. (...)  [118 words]   [$2,1]
 
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
BURKINA FASO
Production to start at Kiaka in late 2014
Operated by the Canadian firm Volta Resources, the Kiaka mine in the Zoundweogo region nearly 140 km from Ouagadougou in Burkina Faso will begin producing in the final quarter of 2014. (...)  [146 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
BURKINA FASO
Finishing line in sight for Tambao in 2012?
Will the current year see the end of the long Tambao manganese saga? (...)  [210 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
SOUTH AFRICA
Second installment for Homeland Energy
Homeland Energy Group Ltd., which produces coal in South Africa, has been paid the second $10 million installment of a $30 million facility from ICICI Bank, the second biggest banking establishment in India. (...)  [76 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
BURKINA FASO
Avion Gold puts money on Vindaloo in Burkina Faso
The Canadian concern Avion Gold is to invest CFA 60 billion (€91 million) in 2012 in the Vindaloo gold project at Hounde in center-West Burkina Faso in the hope of putting it into production in 2015. (...)  [86 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
ZAMBIA
First Quantum compensates inhabitants
First Quantum Minerals Ltd is to pay out $11.1 million in compensation to Zambian farmers displaced because of the development of the Trident copper mine near Solwezi in the copperbelt. (...)  [51 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°263 - 07/12/2011
TANZANIA
Barrick on Dar es Salaam Stock Exchange
After a flotation on the London Stock Exchange at the end of November, African Barrick Gold (ABG) was due to list on the Dar Es Salaam Stock Exchange on Dec. (...)  [61 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°263 - 07/12/2011
GUINEA
Odebrecht replies
In response to our article on Alpha Oumar Diallo in our last issue, Brazil’s Odebrecht group has written to say Diallo, a lawyer, “was indeed retained by Odebrecht as external legal councilor and, in that capacity, took part in meetings in Brazil, but without conducting negotiations on behalf of the company. (...)  [98 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°262 - 23/11/2011
CONGO-K
Damocles sword over Gecamines
The prospect of an audit of all of Gecamines’ partnerships could well put off investors in Katanga. (...)  [109 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°261 - 09/11/2011
SOUTH AFRICA
Coal of Africa finances big projects
Coal of Africa (ASX, AIM, JSE) has raised $106 million in a private placement arranged by JP Morgan Securities Ltd. (...)  [92 words]   [$2,1]
AFRICA MINING INTELLIGENCE n°261 - 09/11/2011
AFRICA
Diamond revenue in 2010
Latest statistics on diamond sales issued by the Kimberley Process and resulting from other data gleaned this year indicate a 10. (...)  [152 words]   [$2,1]

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