Goldplat, Crew Gold, CIC, Toledo, Petra Diamonds, Caledon Latest mining news

Goldplat, Crew Gold, CIC, Toledo, Petra Diamonds, Caledon Latest mining news ; Goldplat has raised £5.5m to accelerate the development of the Nyieme Gold Project in Burkin Faso and the Banka Gold Project in Ghana, assuming the successful acquisition of the latter. The company placed 55m ordinary shares at a price of 10p per share and the net proceeds of the sale are expected to reach £5.2m.

Crew Gold Corporation will have to wait until at least Wednesday to discover whether its application for a Plan of Arrangement has been successful.

CIC Mining has entered into agreement with Global Diamond Resources administrators to purchase the company on behalf of Arctic Star. Arctic will pay CIC all expenses as well as £1.2m in Arctic shares and 20% of the uplift produced by any successful recovery of assets from the administrators of Global Diamond Resources.

Toledo Mining has been approached by a third party regarding an acquisition for the mining company. Having announced a strategic partnership with Jinchuan, Toledo has also stated that the approach was not from Jinchuan and was from another company but that they do intend to continue strategic talks.

Petra has acquired a further 4% interest in the Koffiefontein mine taking their total interest to 74%. Petra’s Black Economic Empowerment Partners now hold the remaining 26% having been the party that sold the interest to Petra.

Caledon Resources has announced a 256% increase in the Coal Resource estimate for the Minyango coking and thermal coal project. The total estimate for the project now stands at 1,216Mt. For the latest updates PRESS CTR + D or visit Stock Market news Today

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