| |
 | Chris Powell - GATA |
| Did these mining giants just confirm the next gold frontier -- Ecuador |
| There was a breakthrough deal in the Tanzania gold sector late last week, with major miner Barrick agreeing to pay the government $300 million and surrender a 16-percent stake in operations in order to end an impasse that's halted production.
But experiences like that aren't going to encourage further investment in places like Tanzania, with news this week suggesting that the world's top gold miners are looking to a new spot for growth projects: Ecuador.
That nation's mining minister, Javier CorTuesday, October 24, 2017 |
|
| Chris Powell - GATA |
| Barrick gives Tanzania stake in mines, $300 million to end dispute |
| DAR ES SALAAM, Tanzania -- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenue from those mines, and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said.
The Canadian miner and the Tanzanian government have been in talks for months after the east African country banned the export of unprocessed minerals and enacted laws to raise state ownership of the nation's mines.
The agreement Friday, October 20, 2017 |
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| Chris Powell - GATA |
| Tanzania's demands of mining industry don't bother Sinclair |
| Tanzania's demand for a greater share of revenue from mining operations in the country is causing alarm throughout the industry but it doesn't bother Tanzanian Royalty Exploration Corp. and its executive chairman, James E. Sinclair.
In a statement last week Sinclair said: "The proposed changes appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not nationalizatioWednesday, July 12, 2017 |
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| Chris Powell - GATA |
| The government just killed the mining sector in this critical gold nation |
| The Philippines government said this week it is trying to repair its damaged mining sector, with officials stating they will review all policies implemented by former environment secretary Regina Lopez, who took a hard-line stance against operations around the country.
But as that mining nation swings to the better, another key metals country has gone the other way. With the government implementing a raft of policies that may well decimate the entire sector here: Tanzania.
Tanzania's government Friday, July 7, 2017 |
|
| Chris Powell - GATA |
| Tanzania's firebrand leader takes on its largest gold miner |
| "If they accept that they stole from us and seek forgiveness in front of God and the angels and all Tanzanians and enter into negotiations, we are ready to do business."
As conciliatory gestures go, that one by John Magufuli, Tanzania's president, to Acacia Mining, the country's largest foreign investor, could hardly have been more fork-tongued.
Nonetheless, two days later John Thornton, head of Barrick Gold, Acacia's largest shareholder, met Mr. Magufuli to start talks on ending a dispute thatFriday, June 16, 2017 |
|
| Chris Powell - GATA |
| Barrick Gold to hold talks with Tanzania over export row |
| By Fumbuka Ng'wanakilala and David Lewis
Reuters
Wednesday, June 14, 2017
Barrick Gold's chairman and Tanzania's president met today and agreed to hold talks aimed at resolving an escalating dispute over an export ban that has hit Barrick's Acacia Mining.
Shares in Acacia, 63.9 percent owned by Barrick, jumped as much as 11 percent, to 303 pence, after the news and closed 5.5 percent higher, outpacing sector rivals.
Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner,Thursday, June 15, 2017 |
|
| 24hGold - Publicnow |
| Quarterly Activities Report |
| September 2016 Quarterly Activities Report
Binding sales agreement and expansion studies mark successful quarter for Kibaran
Outstanding potential to expand Epanko Graphite Project and undertake downstream processing
Quarterly Highlights:
Binding sales agreement signed with Japanese Trader Sojitz
100% of Epanko's production now covered by binding agreements
Tuesday, November 1, 2016 |
|
| 24hGold - Publicnow |
| Annual Report to shareholders 31 December 2015 |
| LTD
(Subject to Deed of Company Arrangement)
ACN: 126 042 215
ANNUAL SHAREHOLDERS REPORT
For the year ended 31 December 2015
CONTENTS
Page
Corporate Directory 3
Review of Operations 4
Corporate Governance Statement 23
Directors' Report 36
Consolidated Statement of Profit or Loss and Other Comprehensive Income 65
Consolidated Statement of Financial Position 66
Consolidated Statement of Changes in Equity 67
Consolidated Statement of Cash Flows 68
Notes to the ConsolidMonday, September 5, 2016 |
|
| 24hGold - Publicnow |
| Major Tanzanian Exploration and Feasibility Campaign |
| ASX ANNOUNCEMENT
5 September 2016
Major Tanzanian Exploration and Feasibility Campaign
Tanzanian-focused mineral sands developer, Strandline Resources (Strandline or the Company) is pleased to provide an update on its current exploration program. Following a recent equity raising, the Company is now aggressively ramping up its exploration and development program.
Highlights
Fungoni Project
Resource Extension and Feasibility Study - The drilling campaign to infill and extend existinMonday, September 5, 2016 |
|
| 24hGold - Publicnow |
| Helio Announces Shares for Debt Settlement |
| Helio Resource Corp. (TSX-V: HRC), ('Helio') announces that, subject to TSX-Venture Exchange ('Exchange') approval, it will issue 2,054,000 shares to settle an aggregate amount of $102,700 in salaries and fees owed to certain members of management and Directors. In addition, Helio has reached agreement with Plinian Capital, subject to Exchange and disinterested shareholder approval, to issue 9,600,000 shares in lieu of $480,000 accrued as operator fees. Disinterested shareholder approval will beFriday, August 19, 2016 |
|
| 24hGold - Publicnow |
| $0.94 million Placement and SPP to follow |
| 15/08/2016
Share placement to raise $0.9 million Share Purchase Plan to raise up to $0.5 million
HIGHLIGHTS
$0.9 million raised in placement at market price of 12.0 cents
Share Purchase Plan to raise up to $0.5 million to follow
Proceeds to fund drilling programs at the Naujombo and Kishugu gold prospects
Indiana Resources Limited (ASX: IDA) ('IDA' or the 'Company') is pleased to advise that it has successfully completed the book-build for a placement to professional and sophisMonday, August 15, 2016 |
|
 | The Gold Report |
| China's Stranglehold on REEs Offers Opportunities |
| Richard Karn, managing editor of The Emerging Trends Report, makes the argument for investment in rare earth and specialty metals, and explains why one company is a particularly smart bet for investors.
A fundamental roadblock to globalization that we are far from overcoming is simply that different cultures and economic systems have different ways of conducting themselves and doing business.
Human nature is such that we tend to believe everyone thinksSunday, August 14, 2016 |
|
| 24hGold - Publicnow |
| GOLD MCPP and Imweru Gold Project Interim Update |
| 03 August 2016
Kibo Mining plc ('Kibo' or the 'Company') (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides an interim update on progress at the Company's Mbeya Coal to Power Project ('MCPP') and the Imweru gold project.
MCPP
Work on the MCPP is continuing at pace with all attention and resources focused on completing the Integrated Bankable Feasibility Study ('IBFS') as soon as possible, so that financial close activities can commence. PolicyWednesday, August 3, 2016 |
|
| 24hGold - Publicnow |
| 29.07.2016 – Quarterly Activities Report and App 5B June 2016 |
| ASX/MEDIA RELEASE
29 July 2016
Quarterly Activities Report - End June 2016
Highlights:
Tanzania - Kiliwani North and Nyuni Block
Gas plant commissioning and charging the gas pipeline was completed just post the end of this Quarter
Full scale production at a rate of 25- 30 MMcfd (2.4 - 2.8 MMcfd net to Bounty) is expected to be achieved for most of September Quarter.
Bounty's share of net cash revenue is anticipated to be between A$2.42 and A$3.49 million pa once fulFriday, July 29, 2016 |
|
| 24hGold - Publicnow |
| OIL Dispute Notices Issued to Swala Oil Gas (Tanzania) Plc |
| ASX ANNOUNCEMENT
29 July 2016
TANZANIA UPDATE
DISPUTE NOTICES ISSUED TO SWALA OIL & GAS (TANZANIA) PLC
Otto Energy Ltd (ASX: OEL) ("Otto" or the "Company") advises that its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd ("Otto Tanzania"), has issued various notices to Swala Oil and Gas (Tanzania) plc ("SOGTP"), pursuant to the Pangani and Kilosa-Kilombero Joint Operating Agreements (the "JOAs"). These notices relate to:
defaults in relation to non-payment by SOGTP of cash caFriday, July 29, 2016 |
|
| 24hGold - Publicnow |
| GOLD Assay results increase size of Naujombo gold anomaly |
| 28/07/2016
Assay results significantly increase size of the Naujombo gold anomaly, RAB drilling to commence at Kishugu and Naujombo in August
HIGHLIGHTS
Surface soil results confirm Naujombo gold anomaly is 9.5km long and greater than 600m wide (at 10ppb)
RAB drilling to commence in August - first drill testing at Naujombo and Kishugu
Assay results of Naujombo soil sampling show surface soil values up to 811ppb Au (0.8g/t), supported by coherent multi-element anomalies (arsenic, Thursday, July 28, 2016 |
|
| Chris Powell - GATA |
| Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters |
| Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining and has approached several South African miners, according to sources familiar with the situation.
The potential sale would be part of Barrick's broader strategy of selling non-core assets to reduce its debt load. The Toronto-based company offloaded stakes in several mines last year.
The talks are at an early stage and there is no assurance a deal will be done, the sourcesWednesday, July 27, 2016 |
|
| 24hGold - Publicnow |
| Peak Resources Quarterly Activities Report and Appendix 5B |
| 6d77277d-7783-4f9e-a5fd-5d35cd01df3e.pdf
JUNE 2016
Quarterly Activities Report and Appendix 5B
Highlights:
Solid progress on Ngualla Project Bankable Feasibility Study engineering
f Detailed engineering studies are well advanced with Tier 1 specialist international consultants led by lead project engineer AMEC Foster Wheeler.
f The Bankable Feasibility Study (BFS) is on track for completion first Quarter 2017.
Final Pilot Plant commissioned
f The final Pilot Plant of the three staTuesday, July 26, 2016 |
|
| 24hGold - Publicnow |
| FY2016 Trading Update and FY2017 Guidance Update |
| RNS Number : 0583F
Petra Diamonds Limited
25 July 2016
25 July 2016
LSE: PDL
Petra Diamonds Limited
("Petra" or the "Company" or the "Group")
Trading Update for the Year ended 30 June 2016
FY 2017 Guidance Update
Petra Diamonds Limited announces its Trading Update (unaudited) for the year ended 30 June 2016 (the "Year" or "FY 2016"), ahead of its preliminary results for the Year ("Prelim Results"), which will be released on 19 September 2016.
The Company also announceMonday, July 25, 2016 |
|
| 24hGold - Publicnow |
| GOLD Pilot-scale production to commence at Singida Gold Project in 2017 |
| 9ecf2b18-4419-47b7-81f0-a4196e2fefa9.pdf
15 July 2016
Shanta Gold Limited
("Shanta Gold", "Shanta", or the "Company")
Pilot-scale production to commence at Singida Gold Project in 2017
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce an update on its Singida Gold Project ("Singida" or the "Project"), which is located in northern central Tanzania.
Singida is an advanced stage project with a mining licence in place. The ProjecFriday, July 15, 2016 |
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