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Tag: african mining

Tango Mining Limited: Diamond Mine Acquisition Not Completed

Tango Mining (TSX VENTURE:TGV) announced that the Firestone Diamonds Agreement for the acquisition of the BK11 Diamond Mine did not close as planned on September 9, 2016.

According to the news release:
Although Firestone had agreed to extend the Revised Drop Dead Date, as announced on 29 August 2016, by when all

Tango Acquires Additional 23% Interest in Kwena Group

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 14, 2016) – Tango Mining Limited (“Tango” or the “Company”) (TSX VENTURE:TGV) is pleased to announce that that it has entered into a non arms-length acquisition agreement to acquire an additional 23% interest in the issued and outstanding shares of three private South African companies

Kombat Copper Provides Update on Mill Refurbishment

TORONTO, ONTARIO–(Marketwired – May 31, 2016) – Kombat Copper Inc. (TSX VENTURE:KBT) (“Kombat Copper” or the “Company”) and its management team are pleased to provide its shareholders with the following update on EBM Mining Namibia’s progress at the Kombat Mine site.

Plant Refurbishment and Mining Update

Kombat Copper previously reported that refurbishment

Sibanye Gold to Move in on Platinum Projects

The Financial Times reported that Sibanye Gold (NYSE:SBGL) will move ahead with its plans to get into South Africa’s platinum sector by the end of 2014. The miner will likely target mines owned by Anglo American Platinum (JSE:AMS), according to the Times.

Rio Tinto’s Davies Highlights Importance of Simandou

Mining Weekly reported that Rio Tinto plc’s (ASX:RIO,LSE:RIO,NYSE:RIO) Alan Davies said at Investing in African Mining Indaba that the Simandou project, which is expected to put out about 100 million tonnes of iron ore annually, is a “very important investment” for the company.

Lack of Investment Hurting South African Coal Industry

Mining Weekly reported that although coal is South Africa’s main source of revenue, the industry is suffering from a lack of investment. That’s partially due to the fact that potential investors are waiting to see what the pending revision of mining legislation brings.

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