George Roach , Premier African Minerals PLC's (LON:PREM) chief executive, explains why the accounts were delayed, prospects for the Zulu lithium project and the likely next steps at RHA. Roach says they've identified four alternatives to restart the RHA tungsten mine in Zimbabwe. Engineers are now considering which of the options would involve the lowest capital cost and shortest timeframe.
Views: 1590 Proactive Investors Stocktube
London Mining jumped ahead following very encouraging news from its flagship Marampa mine, while Nostra Terra, Summit and SolGold also rose. Sirius Minerals and Victoria Oil on the other hand were in poor shape.
Views: 148 Proactive Investors Stocktube
MONROVIA, LIBERIA, via eTeligis, 4/16/2014 11:00:00 AMSunergy's Liberian Diamond and Gold Mining Operations Total 20 Licenses to Operate This Year Sunergy, Inc (the "Company") (OTCQB: SNEY) is pleased to report that its Liberia dredging operations are underway with all licenses and required permits in place. We are scaling up to control 4 Class B prospecting licenses in 4 separate complimentary areas. Each of these prospecting licenses will accommodate 4 Class C (Liberian only) licenses in which we will be the sponsor, aggregating 16 Class C and 4 Class B licenses active in Liberia this year. Dredgemaster David Price says: "We have a serious plan that we are executing in Liberia, involving Minerals Commission licensing, local artisanal mining personnel and licenses and equipment deployment. We have gained control of some historically rich mining sites that are just now re-opening after the conflict which are assured to provide excellent economic results. Our team of geologists and experienced artisanal mining persons coupled with a very cooperative minerals management group put us in a very aggressive position to achieve substantial returns for our shareholders. We are targeting more equipment and are finding that some vendors are also interested in owning our stock as part of a purchase agreement. This is good evidence that our Company is being highly regarded here in Liberia. I am very pleased to be a part of Sunergy's operating team and look forward to harvesting the fruits of our labor." Garrett Hale, President, CEO, stated: "First of all I would like to take this opportunity to thank all our loyal shareholders who have stayed with us through our darkest hours. The fact that Liberians are interested in owning our shares, because they have watched them increase in value over the past few weeks and months, is very encouraging. We owe thanks to our existing shareholders for this. There is a requirement to maintain our OTCQB listing that we must be current on our financial reporting and our shares need to be above a penny. We have delivered on this first piece, with the timely filing of our December 31, 2013 Annual report (10K), which filed yesterday. We are now asking our shareholders, both existing and new, to help us achieve this next important threshold prior to the May 1st deadline. We are receiving help and support from every entity that we are dealing with in Liberia and expect that reportable results will indeed support this new level." Please visit our website: www.sunergygold.com and review our Company's activities. SUNERGY, Inc., a Nevada corporation (OTCQB: SNEY) is a publicly listed and traded, production oriented, junior mining company headquartered in Scottsdale, Arizona, USA that is production oriented at the earliest possible profitable opportunity and has an appetite to grow by profitable acquisition. As its core business, the Company has made a transition from an exploration only company to a company now focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia. An 8th dredge sits between the two countries awaiting the most favorable deployment opportunity for fast cash flow. In addition to our core mining activities, the Company has used its considerable contacts earned over the past 4 years to develop non-mining partnerships and agency agreements with major international businesses representing Airport Security and Affordable Housing projects and Solar energy projects up to 250 megawatts, in the five West Africa Countries of Ghana, Sierra Leone, Liberia, The Gambia and Senegal.
Views: 236 Eteligis.com
Across the globe, communities are creatively confronting the devastating impacts of London-based mining companies. On April 15, representatives from Asia, Africa and the Americas will share inspiring stories of resistance - from communities fighting for their very survival, to mine workers asserting their basic rights to just pay and conditions. Come and hear their tales, be inspired and learn what we in London can do to stand in solidarity with these struggles from around the world. http://londonminingnetwork.org/ The London Mining Network (LMN) is an alliance of human rights, development and environmental groups. We pledge to expose the role of companies, funders and government in the promotion of unacceptable mining projects.
Views: 71 Occupy News Network
David Reading, Aureus Mining CEO (LON:AUE TSX:AUE), tells Proactiveinvestors that of the 550sq/km it has in Liberia, 457sq is under its mining lease and subject to environmental permitting and so the company has enormous potential to expand. David also talks about its Cameroon pipeline business.
Views: 830 Proactive Investors Stocktube
Trading stories is the film series that goes behind the headlines and shows what Aid for Trade is doing on the ground in eight of the poorest countries worldwide. The Enhanced Integrated Framework (EIF) has been helping put trade back into people's hands, catalysing a new trade momentum and building future prosperity. Hear from communities themselves on how trade is changing lives, moving goods and services from mountains to markets, going from farm gates beyond borders. Plug in to the voices of government, private sector, agencies, donors and civil society as they share connections of a trade partnership forging fresh horizons. Concept and direction: Elena Immambocus and Justine Namara Production: José Carlos Alexandre Year: 2013
Views: 15235 EIF4LDCs
Sula (LON:SULA) chief executive Nick Warrell reckons the company's Ferensola Project in Sierra Leone contains potentially world class iron and gold deposits. A report compiled by internationally respected consultants SRK, published earlier this week, would appear to lends credence to this assertion.
Views: 1447 Proactive Investors Stocktube
Investment Opportunities in Sierra Leone Gold and Diamond Mining Janet Mining Company Ltd... Gold and Diamond Mining Investment Opportunities Janet mining company Ltd. looking for funding as joint venture in gold and diamonds mining project in sierra Leone. owns 25000 acres of land in sierra Leone. Ms Janet Tucker Owner and CEO of Janet Mining Company Ltd. for more information visit our website http://tuckerjanetmining.com
Views: 125 Janet Mining
Tribewanted - Sierra Leone is a new eco-village in John Obey, Sierra Leone, Africa. You are invited to join the Tribe and come join us build this community together. For more info, visit us at tribewanted.com.
Views: 1652 Tribewanted2
Development in the Pujehun District and it surrounding, Pujehun Districtis 1 of 12 Districts in the republic of Sierra Leone, we looking into the government Agenda For Change, if it has benefited people in the rural areas. we looked into the peace building, Traders Union, the free health care, the care housing for disabled and the New Jetty, we will therefore like to share the story with our viewers.
Views: 3455 Bakarr king conteh
Cape Lambert Resources Ltd (ASX:CFE) (OTCMKTS:CMULF) is back on the hunt for investment and acquisition opportunities following the recently announced settlement with the Australian Tax Office. Executive chairman Tony Sage said this has been a "huge overhang" for the Company over the past two and a half years and the company will now move forward to "what it does best"; acquire and invest in under-valued mining assets. "The Company will be looking to capitalise on funding pressures within the resources sector through the evaluation and advancement of suitable investment opportunities that have been presented to it in recent months," Mr Sage said. On August 1st Cape Lambert announced it had reached a settlement with the ATO over a $96 million notice of amended assessment issued by the ATO in 2012. The remaining A$79 million liability was reduced to A$2.4 million as part of the settlement, and Cape Lambert will now have A$62 million in available carry forward losses to use against future taxable income. What is of particular interest, especially in the current market, is that Cape Lambert will have a healthy balance sheet following settlement with cash, receivables and listed securities of A$94 million, including unrestricted cash of A$65 million and no debt. Investment in new projects will be guided by the mantra of selecting undervalued assets that fit the bill of "what the buyers want".. "At the moment the flavours of the month are graphite and lithium," Mr Sage said, "We will now go out with the cash in the bank with a more positive attitude in acquiring some assets." Management focus will also shift back to existing projects in Cape Lambert's portfolio, including the Marampa iron ore project in Sierra Leone, where the company is in the process of obtaining a mining license. Attention will also be paid to selling Cape Lambert's royalty interest in the Mayoko iron ore project, which the company negotiated as part of the asset sale to Stirling Minerals Limited (later renamed African Iron Limited), and subsequently taken over by South African miner Exxaro in March 2012. The royalty is equal to A$1 per tonne shipped from the project. The Wolfsberg lithium project in Austria, owned by Global Strategic Metals Ltd (which Cape Lambert owns 28% of) is also scheduled for an AIM-listing in London to secure new investor support with a market more familiar with the project. Sage said that the Company intends to implement a distribution to shareholders, the full details have not been determined as yet. "The Cape Lambert Board, with the potential A$79M in liabilities removed from its balance sheet and its cash position now certain, will meet in the coming days to finalise plans for a distribution to shareholders, details of which will be announced in the next week," Mr Sage said. The Company will also continue with its share buy-back which commenced in early 2014. Cape Lambert's ability to go on the acquisition drive has been strengthened with the settlement with the Metallurgical Corporation of China Limited (MCC) recently, which saw the Company receive A$51.6 million for the disputed payment from the sale of the Cape Lambert magnetite iron ore project to MCC.
Views: 84 ABN Newswire
Shares of mining giants Anglogold Ashanti, Goldfields and Harmony tumbled by up to 5 percent today. That's on a falling gold price and news that the National Union of Mineworkers wants a wage hike of up to 60 percent for both the gold and coal sectors.
Views: 198 SABC Digital News
The Government of Canada hosted the 6th Canadian Interactive Breakfast Forum during Mining Indaba on Monday February 9th, 2015. Entitled "What constitutes a conducive environment to attract mining investments?" was moderated by Mr. Michael Spicer, Director of Companies, who engaged high profile panelists in discussion. Panelists: Mr. Godfrey Oliphant, Deputy Minister, Department of Mineral Resources, South Africa; Mr. Peter Leon, Partner & Head - Africa Mining and Energy Projects Practice, Webber Wentzel; Mr. Sulemanu Koney, CEO, Ghana Chamber of Mines.
Views: 140 CCAFRICA CCAFRIQUE
Hundreds of Anglo American Platinum workers in South Africa downed tools and gathered Wednesday to decide how to respond to 14,000 job cuts planned in the country by the firm. Duration: 00:54.
Views: 191 AFP news agency