Dec 15 (Reuters) - Pan African Resources Plc ::CONCLUDED RESTRUCTURING DEALS, REPLACING CURRENT BEE EQUITY SHAREHOLDINGS IN CO WITH BEE SHAREHOLDINGS IN EMERALD PANTHER INVESTMENTS.
Oct 20 (Reuters) - Auriant Mining Ab ::AURIANT MINING AB (PUBL.) ANNOUNCES PLAN TO TEMPORARILY HALT MINING OPERATIONS AT TARDAN IN THE FIRST HALF OF 2018, AND ANNOUNCES ITS 2018 AND 2019 PRELIMINARY PRODUCTION FORECAST.PRODUCTION FOR 2019 IS EXPECTED TO INCREASE TO APPROXIMATELY 1.15 TONNES OF GOLD.SAYS OPERATION OF CIL PLANT WILL SIGNIFICANTLY IMPROVE EBITDA MARGIN..PLANS TO COMMISSION CIL PLANT IN JANUARY 2019.DECIDED TO HALT MINING OPERATIONS AT TARDAN FROM JANUARY 2018 UNTIL 2ND HALF OF 2018.AIMS TO RESTART MINING OPERATIONS IN 2ND HALF OF 2018.TOTAL PRODUCTION FOR 2018 IS EXPECTED TO BE 500 KG..
Sept 12 (Reuters) - Anglogold Ashanti Ltd -:Moody's: South African gold and platinum miners' restructuring supports their credit profiles.Moody's says restructuring of South African operations will be positive for credit profiles of Anglogold Ashanti Ltd, Gold Fields and Sibanye Gold.Moody's-South African mining groups' restructuring initiatives will protect their credit quality by returning South African operations to a state in which they are free cash flow-generating.Moody's -profitability of South African gold, PGM mining operations under increasing pressure due to still low, but slightly improved, price environment.
Sept 4 (Reuters) - Avocet Mining Plc :EXPIRY OF THE STANDSTILL AGREEMENT.AVOCET MINING- STANDSTILL AGREEMENT BETWEEN ITS SUBSIDIARY SMB THAT OPERATES INATA GOLD MINE IN BURKINA FASO AND CERTAIN OF SMB'S FINANCIAL AND TRADE CREDITORS HAS EXPIRED.MAJOR CREDITORS AMONGST THEMSELVES COULD NOT AGREE ON AN EXTENSION OF STANDSTILL AGREEMENT TO FURTHER CONCRETE STRATEGIC OPTIONS AT HAND.IT IS UNCLEAR WHETHER AGREEMENT ON A RESTRUCTURING OF BALANCE SHEET CAN BE REACHED BEFORE SMB HAS EXHAUSTED ALL AVAILABLE SOURCES OF FINANCING.BOARDS OF BOTH AVOCET AND SMB WILL CONVENE ON 8 SEPTEMBER 2017 TO ASSESS STATUS OF DISCUSSIONS WITH MAJOR CREDITORS, SMB'S CURRENT LIQUIDITY POSITION AND ITS IMMINENT LIABILITIES.BOARDS WILL CONSIDER ALL AVAILABLE OPTIONS, INCLUDING POTENTIAL FILING OF AN INSOLVENCY PETITION BY SMB.NO DECISION REGARDING WHETHER OR NOT TO FILE FOR INSOLVENCY HAS BEEN MADE AT THIS TIME..
Teranga Gold Corp : Teranga gold reports a fatality at sabodala gold mine . Says working with local regulatory authorities to determine cause of incident . Teranga gold corp - company has also commenced its own internal investigation .Teranga gold corp - moussa cissokho was fatally injured on friday while working in process plant.
Munsun Capital Group Ltd <1194.HK> : commenced a feasibility study with objective of restructuring all or part of company's businesses .restructuring for opportunities in mainland china with investors and/or listing of business on shanghai stock exchange or shenzhen stock exchange.
Red Mountain Mining Ltd : Best course of action at this time is to seek approval from shareholders to consolidate company's capital structure" . Intends to carry out share purchase plan which all shareholders as of relevant record date will be eligible to participate in . Funds raised will be applied toward continuing to optimise batangas gold project .