WHILE the Australian company in dispute with its Algerian partners about how to develop a world scale zinc project in Algeria doesn’t agree with the proposition that the situation is yet another case of sovereign risk, it does seem rather difficult to reconcile the issue any other way – notwithstanding “sovereign risk” being a rather broad tag.
BOUTIQUE brokerage Euroz got aboard the Tawana Resources story last week as the junior claimed significant third party interest in its new Mofe Creek iron ore discovery near the Liberian coastline, West Africa.
SHAREHOLDERS will be hoping a presentation by Blackthorn Resources’ outgoing CEO at a UBS conference in Sydney this week may have finally stopped the horrendous market run of the recent investor darling.
IN nearly 25 years of working, and more recently living in Africa, Peter Anderton has seen the commercial landscape shift radically for companies from his native Australia. Now, he says, the diverse patchwork of nations making up the continent is changing faster than ever – with plenty of upside for those prepared to negotiate the risk hurdles.
WEST African gold explorer Carbine Resources has become yet another company on the lookout for a new project after spending $A15 million or so in Burkina Faso over the past few years and not identifying a gold prospect with economic potential.
MAY 31: THE aim to add several hundred thousand free milling ounces into a feasibility study by year’s end remains the plan in place for Ampella Mining in Burkina Faso.
WEST African exploration standout Papillon Resources has delivered further strong success at its Fekola gold project in Mali this month.
A MAIDEN resource at the Manfo gold project in Ghana could be the shot in the arm Pelangio Exploration needs to distance itself from the languid junior exploration space and push on toward the relative safety of development.
WHAT exactly complete market capitulation looks like is a tough question to answer but clues can be seen in the treatment being savagely meted out to Gryphon Minerals (ASX: GRY).
A RAY of light for Sundance Resources, or just another false dawn? That’s the rhetorical question to be posed following International Mining and Infrastructure Corp’s (IMIC) attempted takeover of Afferro Mining, whose Nkout project is within 150km of Sundance’s Mbalam project.
Amara Mining has been given a solid thumbs-up from a London investment bank based on its organic growth profile, which it says comfortably outweighs the political risk concerns across the portfolio. Whether the market will agree with this assertion is questionable.
MORE “realistic” vendors are appearing in the current market malaise, according to Adrian Byass, whose company Plymouth Minerals this week cut a deal that takes it from rare earths in Greenland to copper in Zambia.
MARCH 22: IN THE fast moving world of markets and spivvy equity promotion, graphite might already seem a bit old hat, but in the real, modernising world, companies like Triton Minerals claim a long term structural increase in demand for the material will ensure those that have classy deposits of the stuff will well and truly prosper.
PROOF that stocks must do penance for perceived past sins can be seen in the case of Ampella Mining, which reported a solid resource update this week to an apparently completely uninterested market.
AT A time when the challenges in front of South African platinum producers are at a historic high, everything seems to be falling into place for AIM-listed junior, Jubilee Platinum. It’s a hard won result for a company that has prioritised business ahead of exploration alone.
EMERGING tin equity Kasbah Resources is hoping to have another win with recently found shallow mineralisation at its Acchmach project in Morocco, mineralisation that could prove very handy in the early months of the proposed underground mine.
LAST week’s revelation that close to a million ounces of gold had been swiped from the Avocet reserve base at its flagship Inata mine in Burkina Faso had a predictable effect on the junior’s share price. And while Avocet deserved some heat over the numbers, the relatively new chief executive should have been given more credit for his conservative approach.
COPPER miner and developer Mawson West had a bad year in 2012, meaning 2013 is a critical one. New managing director Bruce McFadzean’s word for the year is “delivery”.
DAVID Frances readily admits his eyes have a tendency to glaze over and his mind to start wandering when people talk about iron ore, with capex requirements often in the billions the cause of Frances’ disinclination. But in this case the ex-Mawson West executive sees a much simpler, far less capital-onerous opportunity.
ALL things being equal, Tiger Resources claims it won’t be making its way to the bank to access a $US80 million debt facility offered by South African bank Nedbank for the Kipoi copper project in the Democratic Republic of Congo. In other words, the company’s previously stated strategy remains intact – albeit with some handy insurance now in place.