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Related News

  • Xtract raises funds to revive Mozambique mine 2016-11-03
    Xtract Resources has entered into a £980 000 subscription agreement with YA II EQ to provide additional working capital to further develop its Manica gold mine, in Mozambique. Xtract chairperson Colin Bird reiterated that the company was now solely focused on its Manica project after having stopped investing in the Chepica gold/copper mine, in Chile.
  • Xtract Resources pulls plug on Chepica mine 2016-09-22
    Xtract will not make any future option payments and will relinquish its option and mining rights at Chepica on 15 October
  • Continually flipped Moz gold project goes for $17.5m 2016-05-26
    The Manica gold project in Mozambique, which has been bought and sold several times in recent years, is being disposed of once more. On two occasions the disposals have been conducted under the same management head – Jan Nelson, who announced on Thursday that his London Aim-listed Xtract had entered into an agreement to sell the Mozambique gold project to Nexus Capital and Mineral Technologies International (MTI) for $17.5-million cash.
  • Manica gold project’s resource increased to 1.26Moz 2016-05-11
    The gold resource at Aim-listed Xtract Resources’ Manica project, in Mozambique, has increased 36% to 1.26-million ounces. The increase followed an independent technical study of the mineral resources of the project’s Fair Bride gold deposit by Minxcon Projects. The results of the study would form a part of the Manica project’s bankable feasibility study, which was nearing completion.
  • Auroch completes Manica sale 2016-03-02
    ASX-listed junior Auroch Minerals has completed the sale of its Manica gold project, in Mozambique, after receiving final approvals from local mining authorities. South Africa’s Xstract Resources in 2015 agreed to pay $10-million in cash and shares for the project, which was expected to require an initial capital investment of about $28.4-million, with underground development expected to cost a further $14.8-million.

OKiep News

  • Xtract gets major discount on O’Kiep acquisition 2015-05-20
    Aim-listed Xtract Resources has successfully renegotiated the deed of assignment for the acquisition of the O'Kiep copper sulphide tailings project, in the Northern Cape, which would result in a reduced cash payment of $2.88-million, a 28% reduction from the initial $4-million payment. Xtract would pay resource- and technology-based growth company Mineral Technologies International an immediate $250 000 in cash and a further $125 000 cash payment by May 26, as part of the acquisition.
  • Operations Update 0000-00-00
    Market News alert Xtract Resources plc

OKiep Information

  • General 2015-05-25
    The Carolusberg and O'Kiep tailings dams contain 33.8Mt of sulphide tailings material on surface that was mined between 1980 and 2010 by O'Kiep Copper Company.Xtract is initiating a 2,500m drilling programme on the tailings dams in order to define a measured and indicated resource and undertake metallurgical test work to determine mineralogy and recoveries

Nearby Locations

Nearby Location News

  • ELB as EPC contractor for Gamsberg process, water plants 2016-10-19
    Engineering solutions provider ELB’s Engineering Services subsidiary has been appointed by Black Mountain Mining, a subsidiary of Vedanta Resources, to provide engineering, procurement and construction (EPC) services at the Gamsberg zinc project, in the Northern Cape. The company will oversee the construction of the process, power and water plants at the project.
  • Gamsberg project cost lowered as zinc price outlook brightens 2016-10-14
    Zinc International, the subsidiary of the London-listed and India-rooted Vedanta, is managing to achieve what both Anglo American and Gold Fields failed to do before it – build a zinc mine at Gamsberg in the Northern Cape, which has been in the offing for more than 40 years. Zinc International, headed by CEO Deshnee Naidoo, has managed to shave $200-million off the project’s original capital estimate to take it down to $400-million.
  • Teck Announces Acquisition of Securities of Jet Gold 2016-08-31

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.

  • Vedanta's Tom Albanese may increase spending on Gamsberg project this year as venture is de-risked.http://www.miningmx.com/top-story/27355-vendanta-pondering-increase-2017-gamsberg-capex/ &hellip 2016-05-31

    Vedanta's Tom Albanese may increase spending on Gamsberg project this year as venture is de-risked.http://www.miningmx.com/top-story/27355-vendanta-pondering-increase-2017-gamsberg-capex/ …

  • Vedanta rephases capex at Gamsberg as part of cost-cutting measures 2016-02-09
    In light of tumbling commodity prices, global diversified metals and mining company Vedanta Resources has had to restructure costs across all of its businesses, including South Africa-based Gamsberg zinc project .  Vedanta Resources CEO Tom Albanese told delegates at the Investing in African Mining Indaba that the company had delivered on its $1.3-billion cost-savings plan across its global operations, reducing its net debt by $600-million.

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