Exploration - Copperbelt Katanga Mining

GoviEx Uranium completes C$5m private placement to fund exploration in Zambia, Niger and Mali

August 9, 2020August 10, 2020 arnbethnic

TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million. The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes. In connection with the last tranche of the private placement, the arm’s length finder, Red Cloud Securities, will receive a cash commission of C$15 540 to acquire… Read More Here

Russia’s Alrosa kicks off diamond exploration in Zimbabwe

July 22, 2020July 22, 2020 arnbethnic

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output, has begun prospecting and preliminary exploration works for deposits in Zimbabwe through it’sjoint venture with the Zimbabwe Consolidated Diamond Company (ZCDC). The move is a welcome boost to the southern African nation’s attempts to expand diamond mining revenues. Zimbabwe first began allowing foreign companies to dig up precious stones in 2018, opening the door to private investors. Mines minister Winston Chitando said at the time that his office was considering letting foreigners hold majority stakes in local operations on the condition that… Read More Here