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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Alphamin closes C$19.2m equity financing
    TSX-V- and AltX-listed Alphamin Resources has raised C$19.2-million through the issue of 76.8-million shares at C$0.25 apiece. As part of the private placement, first announced on May 28, Alphamin CEO Boris Kamstra subscribed for 512 000 shares.
  • ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions
    Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is scheduled for 10:00 on Tuesday June 19 at M&R’s offices in Bedfordview.
  • CAR struggling to resume diamond exports, tax revenue lags
    Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical diamond exports, CAR was banned from exporting diamonds in 2013 after rebels seized power.