ACHEMA MIDDLE EAST

Africa

Gold Fields deciding Ghana’s mine fate, as bullion prices dive

Gold Fields deciding Ghana’s mine fate, as bullion prices diveGold Fields said that South Deep mine, bought for $3 billion in 2006, is on course to break even by the end of 2016. Gold Fields (NYSE, JSE:GFI), the world’s...

Lonmin investors approve key $407m rights issue

Lonmin’s Marikana mine concentrator plant. Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South...

Angkor Gold: A gold standard for CSR

Education is a clear priority for Angkor Gold. Each academic semester 240 students are involved in programs assisted by the company. BANTEAY, Cambodia: Accessing this village eight hours north of Phnom Penh is daunting on the best of days,...

China FTA offers significant benefits

The mineral exploration and mining sector is pleased that common sense has prevailed in seeing the passage of the China Australia Free Trade Agreement (ChAFTA) through Australia's parliament, according to Association of Mining and Exploration Companies (AMEC) chief executive...

Kincora renegotiates Origo funds

Kincora Copper Limited has reached an agreement with Origo Partners Plc to renegotiate its obligations with respect to the Can$2.5 million convertible note held by Origo, which became due as of July 19, 2015. Kincora has a number of...

Kharmagtai trenching extends strike

Step-out trenching being carried out at the Tsagaan Sudal deposits of Xanadu Mines’ Kharmagtai Copper-Gold Project in southern Mongolia continues to extend the strike of higher grade surface mineralization. Two new trenches 50 metres apart within the margins of...

Encouraging Kou Sa results continue

Drilling by Geopacific Resources at the Kou Sa Copper-Gold Project in Cambodia continues to return encouraging results with Prospect 117 now to be included in an initial resource estimate. The company says the RC and two diamond rigs currently...

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