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Proactive weekly mining news: Shanta Gold, KEFI Minerals, Ariana Resources ...
A snapshot of mining stories on the Proactive newswire this week
Company
LON:KEFI
KEFI Gold and Copper PLC is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The company is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. KEFI has also been successful in Saudi Arabia where it has discovered and delineated gold resources at the Jibal Qutman Gold Project and copper-gold-zinc-silver resources at the Hawiah Copper-Zinc Project.
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A snapshot of mining stories on the Proactive newswire this week
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KEFI said finalising the structure was an important initial formality within the timetable
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A summary of small cap news stories on the Proactive wires today
Photonstar LED, Baron Oil and Capital Drilling are in positive territory while shares in Premier Veterinary Group, Ortac Resources and PureCircle are under the cosh
The Oromia Regional Supreme Court rejected 95% of the claims as “having no basis in fact or law”
The FTSE 100 closed up 46 at 7,250 on the day with Intertek the biggest gainer
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A snapshot of mining stories on the Proactive newswire this week
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A snapshot of the stories on the Proactive newswire today
The country is host to the gold explorer’s Tulu Kapi project, which is being developed for production.
The FTSE 100 closed at 7,237 as the European Central Bank announced its latest policy decision
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A glance at some of the stories on the Proactive newswire today
A look at the top risers and fallers among London's small caps
Consultations are taking place at a national, regional and local level which would allow the construction of the mine to begin in the second half.
The FTSE 100 closed at 7,288 as traders look ahead to Donald Trump's tax plans
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KEFI is trying to put together a finance package for the 115,000 oz pa Tulu Kapi project in Ethiopia.
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A glance at some of the stories on the Proactive newswire today
The group will use the funds alongside a £5.6mln fund raise recently, to provide additional working capital
“It is a well-balanced portfolio,” said chairman Harry Adams
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A recap of the week just gone in the mining sector
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A glance at some of the stories on the Proactive newswire today.
KEFI Minerals has raised new money as it advances ever closer to a development decision at Tulu Kapi
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First Property buys office building in Krakow; MySQUAR lines up another role playing game; it’s a record-breaking six months for eg solutions; plus much more…
The cash injection will fund more exploration on its asset in Saudi Arabia and, most importantly, the finalisation of the financing of Tulu Kapi, its gold development in Ethiopia.
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Also featured: Alecto Minerals, KEI Minerals, Kibo Mining, Mariana Resources, Mkango Resources, Vast Resources
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A glance at some of the stories on the Proactive newswire today
Broker expects target price to be above 0.75p and be upgraded again once financing for the gold mine at Tulu Kapi is in place.
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A glance at some of the stories on the Proactive newswire today
The junior remains in talks to arrange the finance for US$150-160mln required to build the mine.
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Also in the news, Hurricane Energy has started drilling on its latest well in the North Sea, while Premier African hits ‘significant’ lithium grades in Zimbabwe
The government has welcomed KEFI's invitation to increase its equity above the US$20mln committed to date
Botswana Diamonds said drilling has commenced on kimberlite pipe AK 22 on Licence PL 260 in the Orapa area of Botswana
Main share price risers and fallers in London at 4pm
Investments and investor services
FTSE 100 shares came within a handful of points of marking a fresh record high close on Monday, but for all the gains of mining stocks the ticker just could not muster the umph to triumph
Condor Gold continues to develop its La India gold, North River Resourcess to critically assess its Namib lead-zinc project, and MySQUAR's Hawk Hero game has continued to sell well.
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Weekly round up of mining headlines from the world of Proactive.
Significant gas discovery confirmed for Sound Energy, WYG is still picking up EU work and Haydale Graphene has funded a new professorial role at Swansea University.
The 64-year-old mining and corporate finance veteran will also head up a new technical review committee.
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A round up of the week's mining headlines from Proactive.
The huge hedge fund has a 29.5% stake and is fully supporting a new £3.8mln placing
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A weekly round up of the mining news from the world of Proactive.
Berkeley Energia suspends shares, KEFI Minerals shuffles its board, and Scancell's technology is highlighted by the scientific community.
The changes reflect the company's transition from exploration-only to emerging production as well as exploration, it said.
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London’s FTSE 100 closed down on Wednesday in a repeat of the previous session’s gyrations over the ongoing Brexit vote shock
Investments and investor services
The FTSE 100 Index reversed modest gains to stand 103.29 points adrift at 6442.08
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Weekly round up of mining news from the world of Proactive.
They are described as “reputable African banking organisations” willing to offer US$85mln in senior secured debt at coupon of 8%..
Australian firm Lycopodium will now be in charge of process plant construction
Fund raisings have continued apace in the junior mining sector
Name change for Obtala Resources, a spot of bother at US customs for PureCircle and Sound Energy completes first drilling in Morocco.
Tulu Kapi has reworked the numbers at the Tulu Kapi gold project, and costs have come down
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This week's mining industry news from Proactive Investors.
Taking its lead from Wall Street, the Footsie moved gently into positive territory
Rambler Metals and Mining commences a prefeasibility in Newfoundland, ITM Power hits the road and Union Jack expects more acquisitions.
Major share price risers and fallers in London at 1.45pm
It was all about the resource sector in early trading, with most mining, oil & gas stocks up.
The deal puts Tulu Kapi’s worth at US$100mln, compared with an estimated net present value of double that figure.
UK blue chips regained ground after earlier losses to close Friday, up around eight points....
Investments and investor services
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
A package of around US$65mln senior secured debt, US$15mln overrun facility, US$40mln gold finance plus a 100,000 oz hedge facility is under discussion.
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Gulf Keystone Petroleum received US$7.5 mln gross from the Kurdistan Regional Government for Shaikan crude oil exports in February.
Gold edged higher as equity markets fell in the wake of the terror attacks in Brussels this morning
Major share price risers and fallers in London at 4.15pm
KEFI Minerals is raising £1.75 mln to see it through to the completion of a project finance package later in the year
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A mixed bag but quite a bit of financing news from the junior space....
Investments and investor services
Westminster Group PLC, Forbidden Technologies PLC, KEFI Minerals PLC, Ten Alps, Sierra Rutile Ltd, RapidCloud International PLC, Allergy Therapeutics PLC, Regenersis PLC, Eckoh PLC, and Gulf Keystone Petroleum Limited were among Tuesday’s s
KEFI Minerals outlines plans for underground mining at Tulu Kapi in Ethiopia
Don’t tell Goldman Sachs, but, mining stocks were the top performers in the small cap market so far today.
Kolar Gold and Zanaga don't know why their share prices are going up, meanwhile, for Tuesday's biggest AIM faller Messaging International it was all too clear ...
Going underground would add an extra 50,000 ounces a year to the mine output, a new preliminary economic assessment has concluded.
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Market opening: The FTSE-100 is expected to start this morning's session around 24-points lower. New York: Wall Street ended in the red in a volatile trading session, despite a rally in oil prices. Weak economic data released in the US revi
Formal syndicate commitment is scheduled for mid-2016 and debt draw-down towards the end the year.
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Here’s the news highlights from the mining sector this past week.
KEFI Minerals has laid the first foundation to a US$120mln financing package for the Tulu Kapi gold mine
The company has signed a non-binding agreement with an African mining bank and African development bank that have agreed to provide secured loans totalling US$60mln.