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Mining Sector: Sirius edges up on extra take-or-pay offtake agreement

Sirius Minerals’ (LON:SXX) edged up in late trading after it announced that it has entered into a further take-or-pay agreement from the York Potash Project with a South American fertilizer distributor for sale into several key markets in that region. This agreement is a conversion of an existing sales commitment that was entered into during […]

Coal of Africa raises another £16.5m

Coal of Africa, the coal exploration and project development company operating in South Africa, has announced the completion of Stage 2 of the share placement, announced in August, and the receipt of funds. The Stage 2 placement resulted in the issue of 300m additional ordinary shares at 5.5p per share each raising £16.5m. This completes […]

Mining Sector: Herencia up after extraordinary results at Picachos

Herencia Resources’ (LON:HER) shares were up in late trading after it revealed further excellent assay results from its Picachos copper project in Chile including an exceptional intersection of 117m of plus 1.1% copper. The company said that assay results from stage II drilling continue to provide impressive results with diamond hole DD14003 encountering 117m at […]

Serabi Gold corporate update video

Serabi Gold’s latest corporate update video from its Palito gold mine has been issued today and is available for viewing on its website at www.serabigold.com or at: http://www.brrmedia.co.uk/event/133285?popup=true At 1:05pm: (LON:SRB) Serabi Mining PLC share price was +0.01p at 3.63p Story provided by StockMarketWire.com

Mining Sector: Alba and Regency buoyed by Horse Hill-1 estimates

Alba Mineral Resources (LON:ALBA) and Regency Mines (LON:RGM) were two of the sector’s biggest risers after they confirmed significant increased estimates at the Horse Hill-1 discovery. They said that that following the analysis and integration of subsurface data from the discovery well, the calculated estimates of the discovered most likely gross oil initially in place […]

SolGold placing raises £1m

SolGold has raised around £1m, gross, through a placing of 33,591,828 new ordinary shares at 3p apiece with institutional and other investors. The Placing was managed and completed by SP Angel Corporate Finance LLP and GMP Securities Europe LLP. The proceeds will be used for the continued exploration of the company’s Cascabel project in Ecuador […]

Alba reveals increased estimates at Horse Hill-1

Alba Mineral Resources has confirmed significant increased estimates at the Horse Hill-1 discovery. Alba says that following the analysis and integration of subsurface data from the discovery well, the calculated estimates of the discovered most likely gross oil initially in place within the overall Upper Portland sandstone conventional reservoir in the HH-1 and Collendean Farm-1 […]

Central Rand Gold fundraising

Central Rand Gold is raising £1.02m through a placing of 5,000,000 new ordinary shares and the offer for subscription of 5,200,000 new ordinary shares at 10p apiece. Additionally Redstone Capital Limited is exercising 1,800,000 warrants over 1,800,000 ordinary shares at 8.78p per ordinary share. The funds from the placing, subscription and the exercise of the […]

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