Zimbabwe may sell 40% stake in a key gold mine to raise capital
Zimbabwe’s largest gold producer is negotiating with potential partners to boost production at its Shamva mine.
Latest issue of International Mining Project News available (June 20): It’s been another busy fortnight for the iron ore players in the wake of newly negotiated price hikes across the globe, while there has also been more nickel activity than in previous weeks despite the stainless steel additive failing to claw back recent price losses. Gold has maintained its presence amongst the world’s most active companies. The biggest change in this edition is the increased frequency of energy players. Extract Resources has raised A$30 million to further its Namibian uranium interests and hopes that capital will move both the Ida Dome and Rossing South projects to the definitive feasibility study stage, while Uranium Energy Corp has secured the draft mining permit for its Goliad ISR project in South Texas. The company has also completed the area monitoring wells for the site. Meanwhile, still in the US, UR-Energy has had its application to construct the Lost Creek ISR project approved and French giant Areva’s subsidiary in Namibia, UraMin, has been granted a mining licence at its Trekkopje project. (more…)
