DiamonEx (ASX/AIM/BSE: DON), the emerging diamond producer in Botswana, climbed 5% higher after confirming that it would complete the final phase of commissioning at the Lerala Diamond Mine Processing Plant this week.
The Company is also preparing for its first diamond sale, now planned for the end of August. Under its mining lease covenants to the Botswana Government DiamonEx must offer its goods to Botswana registered cutters and polishers, the company said.
"The diamond sale will allow DiamonEx's Lerala Mine to join the very small list of producing hard rock diamond mines in the world, a list of less than 20 mines, and also make it the first independently owned producing diamond mine in the Republic of Botswana." said Dan O'Neill, Managing Director of DiamonEx. "Botswana produces up to 30% of the world's rough diamonds by value. All of Botswana's production however, is accounted for by a single entity, a joint venture between the Botswana Government and Debeers, known as Debswana. DiamonEx will be the first independent diamond producer in the world's premium diamond producing region. This is a truly commendable achievement."
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proactiveinvestors.co.uk
Strategic Natural Resources (AIM: SNRP), which is developing and expanding on the Elitheni Coal Project in South Africa, announced that it had doubled its existing prospecting area. The new area, named Phase 4, covers 30,000 hectares bordering Phase 1 & 2, where the company has already defined 25 million tonnes of measured resource.
Strategic Natural Resources' also added that it could define up to 300 million tonnes of extractable coal from the combined 60,000 hectare exploration area.
SNR Chief Executive, Jeremy Metcalfe, said: "After a great deal of consultation with the operations team in South Africa, I am pleased that the Board has taken the decision to proceed with this substantial increase in our prospective reserve base, given the current favourable drilling results combined with negotiations with IPSA for increased planned power generation capacity. Furthermore, recent developments for additional alternative markets that are surfacing in the vicinity of the mine given the increased interest in coal resources globally, indicate that there will be a strong demand for our coal for many years to come".
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Mariana Resources (AIM: MARL), the precious and base metal mineral explorer focused operating in South America, was marked up after reporting positive findings from a recent geophysical survey from the La Borita copper project in Argentina. La Borita sits in Catamarca Province, which already hosts several world class copper-gold porphyry deposits, including Xstrata's 350 million tonne Alumbrera Mine.
Mariana's geophysical survey confirmed a "magnetic low" that coincides with surface expressions that suggest there may be an intrusion at depth.
A report from Quantec Geoscience, who conducted and reviewed the survey said, "A reasonable interpretation of the magnetic data is that the smooth portions of profile traces show an absence of magnetite, perhaps due to a low-magnetite intrusion. A very common signature of non-magnetic porphyries is that the magnetic texture is very flat over the porphyry and very irregular over the halo. The geophysical data give the impression that this is the situation at La Borita". Quantec went on to add that the data collected suggested that "significant sulphides occur on a porphyry like scale at depth".
Mariana's Managing Director, John Sutcliffe summarised:
"La Borita is a concealed porphyry copper target which has been significantly ungraded by the positive geophysical results consistent with a sulphide bearing intrusive target at depth. As a result, Mariana now has a 100% interest in a most attractive porphyry copper target obtained at very low initial cost. Mariana will consider drill testing La Borita after the Cordilleran winter period. This will follow some time after the upcoming drill programme planned at the Sierra Blanca multiple-bonanza vein target, in Santa Cruz Province, Argentina, planned for September 2008"
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Kryso Resources (AIM: KYS) served up a tasty morsel of information for shareholders this morning from its exploration endeavours at the Hukas Nickel-Cobalt-Copper-PGM Project in Tajikistan. Shares in Kryso climbed after the company confirmed that visual inspection of the drill core from the first hole had confirmed the presence of disseminated sulphide mineralisation. This anomaly Kryso is targeting has a strike length of approximately 1km and is still open to the north.
The company's drill rig is drilling on southern margin of the anomaly. At 198 metres, inspection of the core confirmed the presence of 'norites' - which are known to host nickel copper sulphide mineralization. At 225 metres the drill hole intersected sulphide mineralisation containing visible copper. Currently the drill rig has reached 267 metres and is still in disseminated sulphide mineralisation, the company said. A second drill hole, which is currently at a depth of 121 metres, also contains visible copper minerals from 101 metres. Investor's will have to sit tight for assay results.
Kryso Resources' Managing Director, Vassilios Carellas added:
`This drilling, in the location previously identified by the electromagnetic survey, is extremely encouraging for the Hukas project and confirms mineralization which we believe contains nickel copper sulphides. The potential mineralised zone is 1 km long and open to the north. The confirmation of mineralization and our ongoing drilling programme bodes well for what could become a material nickel and PGM resource at the Hukas property.
Kryso Resources has two key projects in Tajikistan:
Pakrut Gold Project
Kryso has the exclusive licence to carry out exploration and mining on the Pakrut Licence Area located in central Tajikistan. The existence of mineral deposits in this area was identified in the 1940s and was systematically explored until the early 1980s. The Pakrut Licence Area is located north-east of the capital city Dushanbe from which it can be accessed in three and a half hours by sealed bitumen road for the first 58 km to the town of Ramit on the Sorba River, and then northward along the Sardi-Miena river by dirt road for a further 53 km.
The Hukas Nickel-Cobalt-Copper-PGM Project
The Hukas project is located in the Darvaz area of the Mountainous Badhshan Autonomous region in Tajikistan. In 2005, the potential for nickel, copper, cobalt and PGM (platinum-group-elements) mineralization in the Republic of Tajikistan was brought to the attention of the Company. The Company subsequently identified two areas that had been discovered during the Soviet era, which had favourable host geology and structure for the presence of nickel-copper sulphide mineralization.
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Seeing Machines (AIM: SEE) leapt more than 60% this morning after the computer vision technology company confirmed that it expected to report its maiden net profit in its full year results.
Based in Canberra, Seeing Machines was founded nearly eight years ago to commercially exploit computer vision technologies that had been jointly developed by the Australian National University and Swedish motor manufacturer Volvo. Its core technology gives computers the ability to "see".
More recently, Seeing Machines has begun a phase of launching a number of products that, according to chief executive officer Nick Cerneaz, "are all designed to kick in one after another" and create multiple revenue streams for the company.
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Herencia Resources (AIM: HER), the mineral exploration and development company with a primary focus in South America, released further positive drill results from its 70% owned Paguanta zinc-lead-silver project in northern Chile.
Highlights from drilling at the Cathedral Vein included 4.5 metres grading 8.04% Zinc, 1.4% Lead and 74ppm of silver. Other holes returned equally compelling assays, and reaffirmed the potential of Paguanta to Herencia Resources. On the Central Vein, results were as impressive, including 8 metres grading 4.05% Zinc, 2.13% Lead and 122ppm of Silver from diamond drill hole PTDD018. Herencia's drill bit also turned its attention to the newly discovered Rosanda Vein, which runs adjacent to the Camp Vein. Once again, the results were very consistent with the overall drill core date from across the Paguanta Project, with drill hole PTRC058 cutting 8 metres grading 4.6% Zinc, 1.8% Lead and 157ppm of silver.
Herencia is currently carrying out a 10,000 metres diamond and reverse circulation drill program at Patricia, and confirmed today that results to date were positive with high grade intercepts encountered in all veins tested.
The company also noted that visual inspection of recent drill cores indentified sulphide mineralisation below the current resource.
Finally, Herencia confirmed that it would commence drilling on the La Rosa Porphyry Copper target in approximately 1 week.
Herencia's Executive Director, Michael Bohm, said:
'The intercepts of mineralisation at depth at Patricia are very encouraging and indicate the high potential of the project. We are pleased to see that the new veins being found are of high grades similar to those encountered in the earlier defined veins.'
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Platmin Limited ( TSX/AIM: PPN), South Africa's next Platinum Group Metals (PGM's) producer, said that it had appointed MCC Contracts as its contract mining company for open-cast mining at its Pilanesberg Platinum Mine in South Africa. The contract will run for the first six years of the mine life, and it worth US$596 million. The Pilanesberg Platinum Mine is anticipated to begin production in early 2009 at and scale up to full production by mid 2009. At full production, the mine will be producing some 250,000 ounces of PGM's and gold.
Platmin CEO Ian Watson commented, 'I am very pleased to welcome the MCC team to our Pilanesberg project as they bring vast experience on open-cast PGM mining in Southern Africa and have managed to secure critical mining fleet early on in the project. With this major contract in place we are now better placed to predict our operating costs for the project and progress to production with greater cost certainty. Fortunately being an open-cast mining project these costs have not been directly affected by the recent Eskom power cost increases. The Board is confident that this project will be amongst the lowest cost producers within the South African platinum industry.'
Terry Holohan, Platmin COO, said earlier today 'The project is firmly on track to meet our production timetables as outlined in our BFS. The plant construction is on schedule and on budget with over 85% of the capital cost of ZAR 1.6bn committed. It should also be noted that over the past year PGM prices have seen dramatic increases from the base case presented in the BFS, which was justified on a long term platinum price of US$ 951 per ounce. Current prices are over US$ 2 000 per ounce as a basket of 3PGE+Au. In addition, the metal payabilities achieved in the off-take contract with our custom smelter are significantly higher than those in the base case presented in the BFS.'
Platmin is an explorer and emerging PGM producer whose four key projects host mineral resources and reserves: Pilanesberg, Mphahlele, Grootboom and Loskop. The Pilanesberg Project is under construction with production of PGM concentrate expected in 2009. All of Platmin's projects are located in the Bushveld Complex of South Africa, which is estimated to contain approximately 90% of global platinum mineral resources.
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proactiveinvestors.co.uk
It is official. Gulfsands Petroleum (AIM: GPX), the oil and gas production, exploration and
development company with activities in Syria, Iraq, and the U.S.A. is now a fully fledged oil producer in Syria. Today the company confirmed that oil production commenced from the Khurbet East Early Production Facility in Block 26, Syria. The company completed the development ahead of schedule.
Andrew West, Chairman of Gulfsands said:
"From discovery to production within this timeframe reflects the considerable abilities of our technical team and the high level of co-operation with the Government of Syria and Syria Petroleum Company. With production from Khurbet East having started well ahead of schedule, which will ramp up as we tie in additional wells, we look forward to further developing the other opportunities in Block 26 in what is a highly prospective and proven hydrocarbon system in Syria."
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Rusina Mining (AIM: RMLA), the nickel laterite miner, announced that CEO Robert Gregory acquired 103,500 shares between the 18th and 22nd July. Following the director buys, Mr. Gregory holds 0.089% of the company, or 215,827 shares.
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Ascent Resources (AIM: AST), the oil and gas exploration and production company with a diverse portfolio of oil and gas interests across Europe, updated investor's on its numerous activities.
Starting in Hungary, where Ascent is building a gas production profile, the company confirmed that sales from the PEN-104 on the Preneszlek Field well was nearing, with final parts of the production facility anticipated to be delivered and installed shortly. 3-D seismic acquisition of the "immediate" area is also planned to evaluate new targets and test the potential of partially depleted wells, including PEN-9, PEN0-12 and the Preneszlek Field. Re-entry and workover of old wells and the drilling of new horizontal wells is also earmarked for the Baicsa Gasfield, where Ascent has a 38.7% interest. Also in Hungary, Ascent confirmed it was looking to farm out or farm down its interests in the Szolnok Project and Nyirseg Project.
Moving on to Slovenia, a new 3-D seismic survey is penned in for the Petisovci Shallow Reservoirs, where Ascent has a 45% interest. Some of the old wells will also be worked over to restart production. The Petisovci Shallow Reservoirs has 2P oil reserves of 10.7 million barrels. Moving on to the Petisovci Globoki Deep Reservoirs (Ascent 15.75% interest), additional 3-D seismic is also on the cards, in addition to further testing of the D-14 well. Drilling at the East Slovenian Exploration Permit (Ascent - 80% interest) is expected in 2009, once a regional exploration study and seismic is completed.
In Switzerland, the most significant milestone came from the Seeland Exploration and Appraisal Permit (Ascent 90%), where seismic reprocessing and geological modelling has been completed, and the Hermrigen-2 appraisal well is now scheduled for 2009.
Ascent's other area of operations are in Italy, and here the company confirmed that the Gazzata-1 well on the Cento-Bastiglia Permits in the Po Valley was expected to spud in the second half of this year. A 2-D seismic acquisition near the Anagni-1 well on the Frosinone Permit is also complete, and is expected to help confirm the location of a second appraisal well. Seismic is also complete on the Ripi Oilfield, in the Strangolagalli Permit while an application has been submitted to extend the company's exploration permit on the Fiume Arrone Permit.
Last but not least, Ascent's 22.5% interest in Perazzoli Drilling appeared to be a sound investment, with a third drilling rig being delivered in the next few weeks.
On the finances front, the oil and gas explorer and producer said it was continually looking at ways to generate cash from farm-out opportunities, and that it had increased a debt facility from €0.5 million to €1.5 million.
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proactiveinvestors.co.uk
Serabi Mining (AIM : SRB) released a wide ranging exploration update for its Palito mining project and Tapajos regional projects. The exploration results are part of a wide ranging program to expand the company's resources at the Palito Mine, while also defining new regional targets in the wider Tapajos zone which is highly prospective for additional discoveries.
In today's update, Serabi confirmed that drilling has continued to confirm the "extensive" strike and plunge extensions of the high grade Jatoba zones south-east of the current mine. High grade extensions of the Palito West Zone were also confirmed, and still remain open in both directions and at depth. Additional parallel zones of gold mineralisation were also noted in the update.
On the wider exploration front, Serabi confirmed that it would be drill testing a number of anomalies before year end that were identified from recent electromagnetic surveys. Drilling at Ruari's Ridge has already confirmed the possibility of a shallow oxide deposit, and "regional screening" at Pison, and in particular at the Marupa Project, also reaffirmed the prospectivity of other target areas controlled by Serabi.
Mike Hodgson, Chief Executive Officer of Serabi Mining plc, said:
"Serabi has significantly stepped up its exploration programme over the past year with success on a number of fronts that continue to point to near term potential at Palito, as well as the wider opportunities in the long term.
Following our recently announced Ore Reserve & Mineral Resource Update at Palito to March 31, subsequent drilling results continue to indicate good potential for additional resources, particularly to the south of the PMZ and along the very high-grade Palito West zone. Underground development towards Palito West has already commenced and is expected to intersect the said mineralisation by year-end. Development east of the PMZ into the Jatoba orebody similarly demonstrates the Company's ability to quickly turn discoveries into reserves and production. Furthermore, although relatively small, the discovery of oxide resources at Ruari's Ridge forms a useful supplementary source of ore and we are now testing other areas in the Palito district which we believe may have similar potential."
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proactiveinvestors.co.uk
Central China Goldfields (AIM: GGG) announced results from fourteen additional drill holes which represent the final batch of assays from a the company's recent reverse circulation drilling campaign at the Dong Mao Huo Gold Project in China.
Results from the final batch of drilling continued to confirm the presence of low grade gold mineralisation. Highlights included hole RC49, which returned 11 metres grading 1.28 grams per tonne gold from 19 metres, hole RC51 which returned 9 metres grading 1.52 grams per tonne gold from only 12 metres down hole, and RC44A which cut 10 metres grading 1.41 grams per tonne gold from 71 metres down hole.
Re-logging of ten previous diamond drill holes also confirmed the potential for gold-base metal mineralisation at deeper levels.
Overall, the reverse circulation drill program intersected gold mineralisation above 1 gram per tonne gold in 30 of the 50 holes. All of the drill core data was calculated using a 0.35 gram per tonne gold cut-off.
Jeff Malaihollo, MD of Central China Goldfields, added:
"This final batch of drill results reaffirms the consistent nature of the gold at Dong Mao Huo which was identified in 60% of our drill holes. We had four distinct grouping of holes each of which returned excellent results. On the back of this success we have now started planning our initial test bulk sampling, this will then likely lead to formal production scheduled to start in early second quarter 2009."
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proactiveinvestors.co.uk
Horizonte Minerals (AIM: HZM), the South American focused mineral exploration company, announced another significant agreement, this time with Placer Dome Peru, a subsidiary of Barrick Gold, one of the largest gold producers in the world.
Horizonte said it had signed a head of agreement with Placer Dome Peru to explore and acquire its 2147 hectare Pararapa gold property in southern Peru. Horizonte will issue 3.5 million shares to Placer Dome Peru in two tranches after 12 and 24 months.
Pararapa is located in a historic gold-silver mining district - Hochschild Mining operates two mines in this district. "Low sulphidation systems have the potential to host world class deposits, such as Cerro Vanguardia in Argentina operated by Anglogold Ashanti, where current resource estimates stand at 3.5 million oz gold", Horizonte said.
Horizonte CEO Jeremy Martin said: 'This is a very positive development for the Company in Peru. We are delighted that Barrick, one of the world's premier mining companies, has agreed to the association with Horizonte for the exploration & development of this potentially high grade gold-silver project. We see immediate potential for resource development and will fast track the exploration programme on this project. Importantly, we aim to expand this new relationship with Barrick to look at other potential development opportunities.
Horizonte will have the right to acquire a 100% interest in the Property by completing the following exploration and financial commitments within a three year period. Horizonte will also pay US$25.00 per oz up to 1,000,000 oz Au equivalent and US$30.00 per oz up to 2,000,000 oz Au equivalent to acquire the Property. Such payment will become due upon commercial mining production. In addition, Barrick has the option to buy back up to 70 per cent of the project upon the delineation of 2 million oz of gold or more.
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Range Resources (AIM: RRL) the Australian and London listed oil & gas and mineral exploration company with interests in Puntland, Somalia, confirmed that it had made a number of changes to its board of directors. Range has been the subject of intense speculation as the company and its Joint Venture partner, Africa Oil, moves towards drilling the first oil exploration well in Puntland in several decades.
Range announced that Liban Bogor, a Managing Director of the company, had resigned from his post to work exclusively for the Puntland Government on "various initiatives". Range said that it considered the move as a positive step for the joint venture, as Mr. Bogor would be working to take into account "all stakeholders" interests in Puntland.
Executive Director, Michael Povel, will also move to a non-executive director role, and will be responsible for releasing "significant value" from Range's Forrestania Project in Western Australia.
The company also took the opportunity to reaffirm its confidence in Africa Oil Corp's ability to complete an agreed work program, which will include drilling four wells in Puntland.
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proactiveinvestors.co.uk
Accsys Technologies (AIM: AXS) said it had been added to the Sustainable Business Top 20 list, compiled by www.sustainablebusiness.com.
The list contains the world's top sustainable stocks, published by SustainableBusiness.com. "The SB20 showcases the most innovative, model companies that, through their products or initiatives, are contributing substantially to the advance of a sustainable economy and have the potential to greatly impact our ultimate goal of reaching a sustainable society" the company said.
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proactiveinvestors.co.uk
Mediterranean Oil & Gas (AIM: MOG) announced a significant step forward on its interests in Malta. The oil and gas exploration company, with production in Italy, confirmed that it had signed a Production Sharing Contract with the Government of Malta to drill a well on Area 4, Blocks 4,5,6 and 7 offshore Malta.
A previous exploration study on the area calculated the total most likely hydrocarbon potential at 5 billion barrels of oil in place with resultant total most likely case prospective recoverable oil resources of 1.475 billion barrels.
Mediterranean Oil & Gas will pay a signature bonus of US$0.5 million, plus US$0.27 million per year in rent, education and administration fees. The two primary targets for drilling will be the Upper Cretaceous Play, and the Eocene Play. Mediterranean Oil & Gas added that the area have already been covered by 2D seismic, with a 3D survey over the western region of Block 7. The 2D and 3D surveys have identified 4 prospects and five leads. The three most mature prospects are located in Block 7 along the ‘ramp setting’ of the Melita – Medina Graben, close to the Libya pelagic basin.
“The Production Sharing Contract grants the exclusive right to explore for and exploit oil and gas for a term of 30 years and is divided into exploration and production periods. The 6 year exploration period is divided into 3 stages with an initial 3 year stage in which the Contractor is obliged to undertake a 2,500 metre well. Following the current stage the Contractor can extend the exploration phase for two additional exploration periods of 18 months each by undertaking a further one well commitment for each extension. If there is a discovery during an exploration period then the exploration phase may be extended by up to another 3 years to enable the Contractor to appraise the discovery and establish its commerciality” the company said.
Mediterranean Oil and Gas also confirmed that Leni Oil and Gas would pay US$2.5 million for a 10% working interest in the Production Sharing Contract.
Sergio Morandi, CEO, said: “In signing the Production Sharing Contract with the Maltese Government the Company has consolidated its exploration portfolio in the central Mediterranean area. The operational expertise and experience of our technical staff in relation to the central Mediterranean area gives the Company a distinct advantage in this area. We have identified most likely prospective resources of 1.5 billion barrels of oil in a series of large leads and prospects in the PSC Area. This giant potential upside provided by the PSC balances well with and adds high impact exploration to our portfolio of oil and gas assets in the central Mediterranean. Our asset portfolio in the region already includes existing Italian gas production, our development of the 20 MMbbl (2P oil reserves) at Ombrina Mare and the pending exploration well at Monte Grosso.“
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The global energy market has seen several emerging giants over the last decade. The market, used to be dominated by British Petroleum, Chevron, ExxonMobil etc, saw new leaders such as China National Petroleum Corporation (CNPC), Lukoil, Gazprom (both Russian) and Petróleos de Venezuela, S.A. (PDVSA). These companies have grown largely through mergers and acquisitions. Adding to the list of such mergers is Gaz de France (GDF) and Suez.
The tie-up was an arduous process as the deal was not to the liking of the opposition Socialist Party and trade unions. The French government however has taken a positive stance and believes that the merger would help establish a national oil company similar to CNPC and PDVSA which would enable them to secure business worldwide.
It is reasonable to expect European energy companies to seek similar tie-ups in their attempts to ensure the regional energy security. Europe is at the mercy of external energy suppliers such as Gazprom, which is known to use its energy supply as an effective bargaining tool. Readers may recall Gazprom sending a chill throughout Europe when Yushchenko’s Ukraine fell foul with Russia. Larger state energy companies such as GDF-Suez, the new entity, are expected to weather such storms better.
The merger itself however is viewed as a blow to Europe’s plans to open the sector to increased competition. The deal is expected to make GDF-Suez Europe's largest buyer and seller of natural gas, as well as its biggest natural gas distributor. Making its intentions clear, GDF – Suez announced its interest in Britain’s nuclear power operator British Energy. Expect more acquisition endeavours by the new giant on the block.
The French government will be the biggest single shareholder, with 35.6 percent of the capital, followed by Belgian investment company Groupe Brussels Lambert, with 5.3 percent.
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Rusina Mining (AIM: RMLA, ASX: RML), the nickel laterite producer, announced that Robert Gregory, CEO and Managing Director, acquired 27,327 shares, taking his interest to 112,327 shares, or 0.046% of the Company. Robert Gregory also holds 3 million options exercisable at 16.4 cents that expire on August 23, 2008.
Dual-listed Rusina owns numerous properties in the Philippines, but leading the pack by a country mile is the Acoje laterite deposit. Acoje is a large tenement with a 15km strike length in the north of the Philippine archipelago, conveniently near the coast of China.
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proactiveinvestors.co.uk
Rab Capital (AIM: RAB) announced that it had increased its stake in Kalahari Minerals (AIM: KAH) to 18%, up from 15% in April, through its Rab Special Situations Fund and Rab Energy Fund.
Kalahari is advancing copper and other base and precious metal projects in Namibia, and also holds a strategic stake in TSX and ASX listed Extract Resources which has advanced uranium assets, also in Namibia.
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Stratex International (AIM: STI), the exploration and development company with interests in gold and base metal deposits in Turkey, announced the discovery of two additional porphyry occurrences in the Konya Project which lies within the Konya Volcanic Belt.
The two new discoveries, named Kozlu and Gölcük, where both identified from porphyry-type quartz veining discovered during ongoing field work, and both are within short distances of the Karacaören porphyry occurrence and Doğanbey porphyry occurrence. A 2000 metre reverse circulation program is expected to commence over the Karacaören and Gölcük prospects in August.
Stratex also confirmed that it was seeking permits to commence drilling on the high-sulphidation gold discovery at Öksüt, 300 kilometres east of the Konya project area. In parallel with the drilling programme, exploration is focusing on a wider silica system which extends over a 4,000 metre x 2,000 metre area, the company said. Drilling at Öksüt is expected to begin in August.
Never a company to shy away from exploration, Stratex also said it was beefing up exploration at the Altunhisar project, 100 km west of Öksüt, after reporting encouraging rock chip sampling, and that it was planning to commence drilling at the Hasançelebe project, 200 kilometres north-east of Öksüt, where exploration has revealed a system of silica ledges over 5,500 metres, which hosts two almost continuous parallel silica ledges over 3,500 metres.
Bob Foster, CEO of Stratex commented: "We are delighted with the rate at which we are adding quality exploration plays to our pipeline of projects. Following the recent discovery of the Karacaören, Kozlu, and Gölcük porphyry occurrences, Konya continues to underpin our belief in its potential to host a major porphyry gold system. The importance our partner Teck Cominco Limited places on these discoveries is evident from our mutual agreement to drill both Karacaören and Gölcük imminently."
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PROACTIVE IN BRIEF.
Diamonex still on track for first diamond sale in August
Platmin secures mining contractor for Philanesberg Platinum Mine
Gaz de France - Suez merger creates energy titan
Calendar
Braemore Resources starts trading on the JSE