Gecamines offers $1 million to block Chinese deal with cobalt miner Chemaf
Chemaf agreed to sell its assets to Chinese defence and industrial giant, China North Industries Corp, or Norinco in June.
Canadian marine diamond miner Afri-Can Diamonds, which is listed on the Toronto Stock Exchange, is examining a potential listing on the Johannesburg Stock Exchange (JSE).
Afri-Can would launch a two-week sampling study on November 25 at its 800-square-kilometer concession nearby the Atlantic One Mining site, which is owned by Namdeb and the Government of Namibia.
Company CEO Pierre Leveille said that the sampling survey would allow Afri-Can to formally declare an official resource. After that, the company would start trial mining on a 10-square-kilometer area.
Afri-Can has scheduled the potential JSE listing for 1H 2013.
Source (English): Miningmx via BrightWire News.
