Aureus Mining secures loan facility for gold project in Liberia

gold-bullionvaultAureus Mining has signed a US$88mn project finance loan facility deal with South Africa’s Nedbank and Rand Merchant Bank, to aid with the development of its New Liberty Gold Project located in the Bea Mountain mining licence in Liberia

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South Africa’s Sibanye offers to buy Wits Gold for US$39 million

beatrix operationsSouth Africa’s Sibanye Gold has offered to buy Witwatersrand Consolidated (Wits Gold) for US$39mn, to enhance its footprint in the Wits Basin

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Centamin to purchase African miner for US$40.9 million

Centamin GoldEgyptian gold miner Centamin has agreed to buy Ampella, which has significant interests in west and southern Africa, for US$0.16 per share or US$40.9mn

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Kenya to sign deal with China’s Fenxi to develop coal blocks

coal mine-stella blu optKenya's Ministry of Energy has announced plans to sign a concession accord with China’s Fenxi Mining Industry to develop two blocks that have been estimated to contain more than 400mn metric tonnes of coal deposits

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Zimbabwe to introduce new mining law in 2014

Platinum-4jg29dZimbabwe’s Ministry of Mining has planned to introduce a new mining law in 2014, which includes concessions for exploration companies in the country

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