Pan African Resources buys Evander for $178 million

Pan African Resources (LON:PAF) has successfully concluded months of negotiations and has now entered into a deal with Harmony Gold to buy the operating Evander gold mine in South Africa. The acquisition will double Pan African's annual gold production to approximately 200,000 ounces.

Proactive Investors.co.uk | May 30, 2012 | 1:39 pm

Increasing demand from China could see diamonds sparkle, says Merrill Lynch

An increase in demand from Chinese consumers could make diamonds an attractive proposition for investors, according to Bank of America Merrill Lynch

Proactive Investors.co.uk | May 30, 2012 | 1:27 pm

Paragon Diamonds buoyed by positive first results from Motete Dyke licence

Paragon Diamonds (LON:PRG) confidence has been boosted after it received positive results from a first sample sent from its newly awarded Motete Dyke licence in Lesotho, southern Africa.

Proactive Investors.co.uk | January 4, 2012 | 2:16 pm

Energio on the cusp of major iron ore opportunity in Nigeria

Energio ( ASX: EIO ) is developing a world class iron ore opportunity at the Agbaja Iron Ore Exploration Project in Nigeria, which has resource potential of 1 to 2 billion tonnes of iron ore.

Proactive Investors.co.uk | November 15, 2011 | 2:14 am

Gold posts weekly gains as euro zone optimism undermines demand for US dollar

Gold eased at the end of the week amid a surge in the US dollar, but still managed to post weekly gains after Thursday’s rally on the back of the cancellation of a controversial referendum in Greece.

Proactive Investors.co.uk | November 5, 2011 | 12:53 pm

Zanaga Iron Ore Company shares rise on completion of engineering report

Based in The Republic of Congo, Zanaga is focussed on managing, developing and constructing a world class iron ore project capable of mining, processing, transporting and exporting 45 Mtpa of iron ore concentrate at full production. Full Zanaga Iron Or...

Proactive Investors.co.uk | October 31, 2011 | 2:24 pm

Medusa Mining reports incident at Co-O gold mine, operations unaffected

Medusa Mining Ltd (LON:MML, ASX:MML) said an investigation is being conducted at its Co-O gold mine in the Philippines following an accident last week which killed a miner in a shrinkage stope at the mine.

Proactive Investors.co.uk | October 31, 2011 | 1:05 pm

Gold gains $40 during week as US dollar dips

The price of gold rose sharply this week, adding over US$40 to end Friday’s session at US$1,679 per ounce. Demand for the yellow metal was driven by weakness in the US dollar, which fell against the euro as positive developments in the European debt crisis boosted Europe’s single currency.

Proactive Investors.co.uk | October 15, 2011 | 2:27 pm

Beowulf Mining shares soar as investors buy into iron ore potential

Investors are once again buying into the potential of Beowulf Mining ( LON:BEM ) and its iron ore deposits in Sweden. The stock is up 65 per cent so far this week, with a positive market study lighting the blue touch-paper under a 26 per cent rise in ...

Proactive Investors.co.uk | October 12, 2011 | 6:05 pm

Beowulf Mining positive on Swedish iron ore projects

Beowulf Mining ( LON:BEM ) said this morning that it continues to retain a “positive outlook” for the potential of its flagship iron ore projects as it reported interim results for the six months to the end of June. The firm, which owns several

Proactive Investors.co.uk | August 30, 2011 | 8:59 am

Mwana Africa raises US$6m to up production at Freda Rebecca gold mine

Mwana Africa ( LON:MWA ) has raised US$6 million to fund its efforts to ramp up production at the Freda Rebecca gold mine in Zimbabwe and take advantage of record high gold prices. The AIM quoted diversified mining company raised the funds by drawing

Proactive Investors.co.uk | August 16, 2011 | 8:44 am

Fairfax Market Report including Copper Development Corporation,Rio Tinto and Vedanta Resources

Morning View Gold at $1,703/oz and rising – • Gold prices look set to continue to rise to new levels as market volatility and economic uncertainty push money into gold as a safe haven and the most liquid non-paper currency (excepting

Proactive Investors.co.uk | August 8, 2011 | 10:10 am

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