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South African energy companies expanding into Angola

By: Tasneem Bulbulia     24th May 2019 Angola, with its lucrative opportunities and reformed business environment, will be hosting a strong delegation of South African companies during the upcoming Angola Oil & Gas Conference, which will be held in Luanda from June 4 to 6, the African Energy Chamber (AEC) announced in a statement this... 

B2Gold dismisses reports of Zim gold mine acquisition 

By: Marleny Arnoldi     24th May 2019 Canadian miner B2Gold CEO Clive Johnson has dismissed reports about the company acquiring a gold mine in Zimbabwe, stating on Friday that the company was “not pursuing material developments or production mergers or acquisitions”. He reiterated B2Gold’s long-term growth strategy. “In addition to... 

Strandline raises cash for mineral sands work

By: Esmarie Iannucci     24th May 2019 Mineral sands miner Strandline Resources will raise A$5.5-million for project works in Western Australia and Tanzania. The company will issue 46-million shares, priced at 12c each, to institutional and sophisticated investors, with shareholder Tembo Capital set to take part in the placement. 

Tyranna has Eureka moment in WA

By: Esmarie Iannucci     24th May 2019 An independent study into the re-start of the Eureka gold project, in Western Australia, has proven that it could be a viable cash flow opportunity for owner Tyranna Resources. The restart study estimated that some 2 000 oz of gold could be recovered over a one-month mine life, generating free... 

NT sets fracking borders

By: Esmarie Iannucci     24th May 2019 The Northern Territory government on Friday released no-go zone boundaries that will remain free from hydraulic fracturing exploration or production. As part of recommendations from the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, areas exempt from petroleum activity... 

Bartons delays hits Millennium balance sheet, production forecast

By: Esmarie Iannucci     24th May 2019 Gold miner Millennium Minerals has reached an in-principle agreement with shareholder IMC Group for a A$20-million mezzanine debt facility to provide working capital as delays at the Bartons underground and the sulphide plant at Nullagine, in Western Australia, continued. The gold miner on... 

Myanmar raises A$20m

By: Esmarie Iannucci     24th May 2019 Metals developer Myanmar Metals will raise A$20.8-million through a share placement to institutional investors. The ASX-listed company on Friday reported that had received firm commitments for the placement of more than 319.9-million shares, at a price of 6.5c each from domestic and... 

Palaszczuk gives June 13 deadline for Adani approvals

By: Esmarie Iannucci     24th May 2019 Queensland Premier Annastacia Palaszczuk on Friday said that Indian major Adani’s two outstanding management plans for its multi-billion dollar Carmichael project should be resolved by June 13. The deadline comes after the Premier earlier this week called a meeting between Adani, the... 

NASA executive quits weeks after appointment to lead 2024 moon landing plan

By: Reuters     24th May 2019 A top NASA executive hired in April to guide strategy for returning astronauts to the moon by 2024 has resigned, the space agency said on Thursday, the culmination of internal strife and dwindling congressional support for the lunar initiative. Mark Sirangelo, named six weeks ago as special... 

Mining Charter III provisions seen by some as too onerous for junior miners 

By: Nadine James     24th May 2019 There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter 3, but which introduces reasonable and achievable transformation and procurement targets relative to the size and financial constraints of junior and emerging miners, says Eversheds Sutherland... 

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