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BlueRock Diamonds raises cash to fast-track growth plans

BlueRock Diamonds PLC (LON:BRD) has raised £1.25mln to fast track growth plans and strengthen its balance sheet. The South Africa-focused diamond miner said it raised the £1.235mln through an oversubscribed placing and subscription of around 3.53mln new shares at a price of 35p each, a 28% discount to its closing price on Wednesday. WATCH: BlueRock Diamonds PLC operating well and keen …

Proactive weekly mining highlights: Bezant Resources, Anglo Asian Mining, Trident Royalties, Cornish Lithium …

The transformation of Bezant Resources PLC (LON:BZT) is proceeding apace, as due diligence is underway and proceeding as planned on the Hope copper-gold project in Namibia, which the company is in the process of acquiring. Red Rock Resources PLC (LON:RRR) and Power Metal Resources PLC (LON:POW) have updated on progress at the Blue Ribbon license in Victoria, Australia, which is …

Money begins to flow towards the gold mining juniors in a big way, as a new round of corporate activity looms

As gold hit an intra-day high of over US$1,980 this week, a record in US dollar terms, gold mining companies reaped the benefits. Among the better performers benefitting from gold’s recent run have been Anglogold (NYSE:AU), up by 75% over the past six months, Newmont Corporation (NYSE:NEM), up by more than 50%, Kinross Gold Corporation (NYSE:KGC), up by almost 80%, …

Oracle Power receives “strong support” for Thar project in Pakistan

Oracle Power PLC (LON:ORCP) told investors it has received strong support for its development of the Thar coal project It was copied into a letter from the Minister of Energy for the government of Sindh to the chairman of the China Pakistan Economic Corridor (CPEC) authority which reflects the sentiments of recent talks in Karachi. The letter confirms “continued and strong support” for …

Oracle Power enjoying strong support for its development of the Thar coal project

Oracle Power PLC‘s (LON:ORCP) Naheed Memon caught up with Proactive London’s Andrew Scott for a brief update following the announcement this morning that they’re seeing strong support for its development of the Thar coal project. She says they’ve been copied into a letter from the Minister of Energy for the government of Sindh to the chairman of the China Pakistan …

UK budget: “time to act boldly with fiscal policy” amid coronavirus outbreak

Wednesday’s budget announcement from recently installed Chancellor of the Exchequer Rishi Sunak will still be one of the week’s biggest events despite the oil price crash and ongoing virus worries.  Most are expecting the government to focus on fulfilling Conservative election promises to ‘level up’ Britain’s deprived northern regions with infrastructure spending, as well as supporting businesses that could find …

Proactive weekly mining highlights: Cora Gold, Conroy Gold, Mineral & Financial, Oracle Power, Anglo Asian…

Cora Gold Ltd (LON:CORA) returned further gold intersections from drilling at its Sanankoro project in the Yanfolila gold belt, Southern Mali.  The primary focus of the drilling was to target shallow oxide extensions beyond the footprint of the existing 5mln tonne JORC resource, which already shows 265,000 ounces of gold. The results confirm there are significant mineralised extensions beyond the …

Oracle Power CEO talks strategic importance and developments at its Pakistan power project

Oracle Power PLC‘s (LON:ORCP) Naheed Memon talks Proactive London’s Andrew Scott through recent milestones and achievements at it power project in Pakistan. Oracle’s agreed to jointly develop a lignite coal mine and associated power plant in Pakistan with the help of China National Coal Development and Dubai’s Sheikh Ahmed bin Saeed Al Maktoum. Oracle Power CEO talks strategic importance and …

BlueRock Diamonds’ Mike Houston on £1.9mln raise and plans to double production

BlueRock Diamonds PLC’s (LON:BRD) Mike Houston caught up with Proactive London’s Andrew Scott soon after announcing they’ve raised £1.9mln to fast track a doubling of production at its Kareevlei mine in South Africa. Houston says the additional funds will also help reduce unit costs significantly with several modifications planned that are expected to reduce costs per carat to below US$250. …

Resolute Mining’s A$23.3 million SPP contributes to equity raising expected to exceed A$194 million

Resolute Mining Limited (ASX:RSG) (LON:RSG) has raised approximately A$23.3 million in a well-supported share purchase plan (SPP) which forms part of an equity raising expected to exceed A$194 million. The SPP, which closed on February 21, gave eligible shareholders the opportunity to participate in the equity raising and indicates broad support for the company’s gold strategy. There were valid applications received from …

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