Right at the end of the year Serabi Gold completed on the drawdown of the US$8 million debt finance facility that had been provided to it by Sprott. Sprott doesn’t lend lightly, as anybody who’s been in the mining finance business for more than a day or two will readily appreciate, even allowing for…
By Alastair Ford There’ve been one or two changes at the top in Zimbabwe over the past few months, as the standard periodic shuffling of the deck in regimes like Robert Mugabe’s took place without too much kerfuffle. A senior minister that was ousted claimed that the ruling Zanu PF party was behaving “undemocratically”, which…
By Stewart Dalby CAMAC Energy, which is listed in New York (NYSE CAK) and Johannesburg (CMC), is a full cycle E&P group focused on developing hydrocarbon resources in sub-Saharan Africa. It currently holds nine licences in four countries covering an area of 43,000 sq km (10 million acres) including current production and other exploration properties…
By Amy McLellan The saga of Range Resources has entered a new chapter. The Trinidad-focused E&P, still suspended from trading, is readying plans to begin extended waterflooding to drain additional barrels from its fields. These plans, underpinned by a US$50 million credit facility with China’s Sinosure, could lift production from the Beach Marcelle field to…
By Alastair Ford If you are a miner with a product to sell, or even if you’re an explorer simply hoping to have a product to sell one day, there seems little doubt that 2015 is opening on a fairly downbeat note. The gold price remains hidebound at under US$1,200 per ounce, silver…
By Our Man in Oz Minews. Good morning Australia, how did your market start the New Year and more importantly how will it continue? Oz. The start was better than most people expected and if the Aussie dollar keeps falling, the outlook could also be brighter than was expected a few weeks ago. Minews. Tell…
By Amy McLellan A frustrating end to the year for Independent Power Producer Rame Energy plc, the AIM newcomer which had been gunning to have its first two wind projects operational by year-end and just nine-months since its IPO. The frustration comes from the fact that the small cap renewable energy company had been on…
By Martin Clark TSX-listed Bengal Energy has some production assets on its books in Australia’s Cooper Basin, a known hydrocarbon province, plus some high potential exploration projects onshore India. That’s always a good balance: some oil flow to keep the bills paid, and the prospect of a lot more of it to come. And it’s…
By Eithne Treanor The oil market closed the year below US$60 a barrel, a far cry from its midyear peak and almost half it’s trading price this time last year. It’s been five years since we last saw the average oil price below US$100 a barrel. According to Neil Atkinson, head of analysis at Lloyd’s…
By Our Man in Oz Minews. Good morning Oz, your market seems to have performed well in the closing stages of last week. Oz. It was a reasonable ending after a few torrid days during which we were buffeted by the same forces which sent markets around the world on a bit of a wild…
