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GoldStone investigates potential to restart Ghana underground mine
Published: 19 Jan 18
Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence, about 1.5 km south of the proposed AK01 South pits.
India to allot Coal India 11 new mines to boost production by two-fifths
Published: 19 Jan 18
India will allow Coal India to build 11 new coal mines, the government said, a move that could increase annual production of the world's largest coal miner by two-fifths. The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022, Coal Minister Piyush Goyal told reporters.
Turkish gold imports hit record 370 t in 2017 – Borsa Istanbul
Published: 19 Jan 18
Gold imports to Turkey hit a record 370 t in 2017, more than trebling from 106.1 t, data from Borsa Istanbul showed. This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 t set in 2013.
Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals
Published: 19 Jan 18
Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on Wednesday.
Weatherly posts double-digit production growth in December quarter
Published: 19 Jan 18
Aim-listed Weatherly International produced 4 739 t copper cathode from its Tschudi mine during the December quarter – 11.5% above nameplate capacity and 15% higher than the preceding quarter. This brought production for the first half of the company’s financial year to 8 843 t or 4% ahead of nameplate capacity.
Asanko achieves solid quarter at Ghana mine
Published: 19 Jan 18
A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted that this helped the company achieve its revised 2017 guidance, with full-year production of 205 047 oz.
Po Valley makes significant commercial gas discovery in Italy
Published: 19 Jan 18
Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant commercial discovery at its new Selva gas field in northern Italy. By 16:00 in Sydney, the stock traded at 6.3c a share.
Aspire progresses path to feasibility for Nuurstei project
Published: 19 Jan 18
Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has completed several key steps as it works towards providing the foundation for the start of a feasibility for its Nuurstei coking coal project. The company appointed Neil Wilson as project manager for the Nuurstei project and responsible for managing the upcoming drilling and sampling programme, the mining and delivery of the raw coal purchases, completion of the feasibility study and eventually, the future mine construction and operation.
African Energy to delist from Botswana exchange African Energy to delist from Botswana exchange
Published: 19 Jan 18
ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and related obligations associated with maintaining the BSE listing were no longer justifiable and shareholders in November voted in favour of a delisting.
Confidence returning to Western Australia’s exploration industry
Published: 19 Jan 18
The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) reports that the number of Programme of Works (PoW) received in 2017 has increased by 40% from 2016. This totaled 2 575 PoW applications compared with 1 799 the previous year.  During the year, the department finalised over 98% of all PoW tenure applications in the target timeline.
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