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MIRL continues to progress Ollachea financing talks

Minera IRL Limited said it continues to advance financing talks for its flagship Ollachea Gold Project, which has the key permits in place to commence development. Courtney Chamberlain, Executive Chairman, said: “As previously reported, we have received a Committed Letter of Offer for a $100 million Project Loan Facility from Macquarie Bank. Following the consolidation […]

MIRL continues to progress Ollachea financing talks

Minera IRL Limited said it continues to advance financing talks for its flagship Ollachea Gold Project, which has the key permits in place to commence development. Courtney Chamberlain, Executive Chairman, said: “As previously reported, we have received a Committed Letter of Offer for a $100 million Project Loan Facility from Macquarie Bank. Following the consolidation […]

Mariana in option to earn up to 50.01% of Nassau Gold

Mariana Resources has entered into an option agreement to earn up to a 50.01% interest in Nassau Gold Limited, a joint venture company between Mariana and Sumin Resources Limited for the development of the Nassau Gold Project. The Nassau Project is located in the highly prospective Guyana Shield of Suriname in South America, 20km south […]

FTSE opens mixed with Next, RBS in focus

FTSE indices opened mixed with financial, resources and retail stocks weighing on the blue-chip. Wall St and Asian markets were down overnight, the latter dented by on-going protests in Hong Kong. Shortly after the open, the FTSE 100 was down 5.73 points, or 0.09%, to 6640.87, while the FTSE 250 was up 6.83 points, or […]

FTSE ends mixed ahead of UK vote on Iraq airstrikes

FTSE indices closed mixed as the UK parliament debates sanctioning military action in Iraq to help counter the threat posed by terror-group-of-the-moment IS. The blue-chip index was helped a jot higher by a mixed bag of sectors. At the close, the FTSE 100 was up 9.68 points, or 0.15%, to 6649.39, but the FTSE 250 […]

FTSE mixed as wary market eyes UK anti-terror debate

FTSE indices were mixed with investor enthusiasm dampened as the UK parliament debates another round of military action in Iraq, this time air strikes against terror group of the moment IS. Near noon, the FTSE 100 was up 1.4 points, or 0.02%, to 6641.11, while the FTSE 250 was down 40.98 points, or 0.27%, to […]

Oxus Gold raises £175,000 in share subscription

Oxus Gold has raised about £175,000 (net of fees and costs) following a subscription for new ordinary shares in the Company by Darwin Strategic Ltd. The subscription for new ordinary shares was made by Darwin on 25 September 2014 pursuant to the terms of the Equity Financing Facility Agreement (as announced on 13 March 2013 […]

Mining Sector: Alexander up on AmmLeach option deal with mid-tier miner

Alexander Mining (LON:AXM) was up in late trading after it announce a major development towards the establishment of an AmmLeach zinc oxide processing plant with the signing of an option agreement with a mid-tier mining company. Alexander has granted the entity an exclusivity period of three months (expiring 15 December) in order to complete the […]

Mining Sector: Herencia rises on MOU for Picachos toll treatment

Herencia Resources’ (LON:HER) shares were up in late trading after it announced it had entered into a memorandum of understanding in relation to negotiating a toll treatment agreement for its Picachos copper project in northern Chile. The project is located within 10kms of the Tambillos processing plant. This is the closest of four ore treatment […]

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