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Kibo Mining and Metal Tiger cease JV activities in Tanzania as other projects flourish

Kibo Mining has agreed with Metal Tiger, its partner in Tanzania, to cease JV activities at the Pinewood and Morogoro projects immediately and relinquish the licences. Both Metal Tiger and Kibo Mining have experienced considerable success in respect of other projects of their business portfolios and this has led to …

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Auroch Minerals gain shares worth $494 million in Xtract Resources

Auroch Minerals has advised that 1 589 623 629 new ordinary shares in Xtract Resources with a market value of $494 million has been issued to the company. This follows the conversion of $200 000 of the convertible note,  the establishment fee of $50 000 and interest payable in advance …

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Goldplat secures funding for Kilimapesa processing plant expansion

Aim-listed Goldplat has, through its Gold Mineral Resources (GMR) subsidiary, entered into a $2-million uncommitted, on-demand, revolving pre-export loan facility with Scipion Active Trading Fund (SATF), arranged by Scipion Capital (Scipion). Goldplat is in the process of expanding the processing plant at its Kilimapesa gold mine, in Kenya, which to …

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