Essential Assets for February 3

February 3, 2015 02:16 PM

News wrap-ups and releases from the worlds of mining, energy production, and metal production.

International Goldfields Limited is pleased to announce that it has entered into a binding terms sheet to acquire the unlisted company Musketeer Mining Limited, which holds a number of highly prospective mineral tenements in the Pilbara region of Western Australia.

Bauxite Resources Limited is pleased to advise that the pit-to-port scoping study on the Company’s 100% owned Fortuna bauxite resource has been completed. The study was completed by well regarded, independent mining consultant, AMC Consultants, who provided mining, engineering, logistics and economic assessment.

Anachron is proud to announce that InvoicePortal, its revolutionary Order2Cash solution for mid-sized enterprises, was adopted by more than 130 companies across Europe in 2014. Launched in November 2013, InvoicePortal is a unique end-to-end order to cash solution, combining a range of credit management and financing features with the powerful e-Invoicing and document management services Anachron has built its reputation on. InvoicePortal’s powerful blend of e-invoicing, print and mail services, contract management, credit management, online payments and business intelligence features create an optimum, cloud based environment through which companies can streamline their entire order to cash process.

Comstock Mining Inc. announced that it has engineered an at-grade crossing that enables it to more efficiently access mine areas east of the Lucerne Resource Area without any major infrastructural changes to the State Route 342.  The modification allows the Company’s haul trucks to move material from the East-side Lucerne resource area across SR 342 to the Company’s American Flat processing facilities.  The Company is in the process of assessing mine opportunities and preparing mine plans for parcels to the east of SR 342.  Storey County’s Board of Commissioners found, unanimously, that these plans conform to the Company’s existing Special Use Permit N0. 2000-222-A-5.

Leading financial services firm Hartleys has initiated research on Altona Mining Ltd and released a new report titled, "At cash backing, capital to return, Little Eva for free." In the report Hartleys has identified that a significant re-rating is likely for Altona as it actively looks for a joint-venture partner or a buyer for the Little Eva Cu-Au project, and has recommended Altona as a Speculative Buy with a price target of 27c per share.

Aspen Group is pleased to advise that the sale of stapled securities for holders of unmarketable parcels in the Aspen Group has been concluded. Aspen announced on 10 November 2014 that it would be making available to those security holders holding a parcel of stapled securities with a value of less than $500, the opportunity to sell their stapled securities without incurring brokerage costs.

Gulf Keystone Petroleum Ltd, an exploration and production company with operations in the Kurdistan Region of Iraq, is pleased to announce the appointment of Sami Zouari to the Board of the Company (the “Board”) as Chief Financial Officer as of 22 January 2015. Mr Zouari, 42, joins the Company following careers in both the oil and gas industry and investment banking, where he also had a particular focus on the Energy and Commodities sectors in the Middle East and North Africa.

During the quarter ending December 2014, Titan Energy commenced a fresh program of conventional oil exploration activity focused in Texas, USA. Titan has achieved initial success from its work-overs at Allen Dome following a detailed assessment of all assets lead by new CEO Mr. Brad Simmons who in doing so has identified attractive new targets on Allen Dome.

Anachron, Europe’s pioneering provider of Order2Cash process optimization services, announces the opening of its first US office in Midtown New York. This venture extends the company’s global presence significantly and will intensify its sales and marketing activity across the US market and beyond. It also establishes a firm base from which Anachron can forge deeper business relationships with its existing Fortune 500 clients and other customers in the region.

A new ICMM report provides a comprehensive picture of how important mining is to economies across the world, with evidence that the mining and metals industry makes its most significant contribution in the most impoverished regions of the world. The role of mining in national economies builds an understanding of the scope, scale, impact and potential of the industry to spur growth and development. Using ICMM’s original composite Mining Contribution Index, it ranks the world’s 214 economies according to the importance of mining and metals. The report shows that it is both possible and essential to strengthen the contribution of mining to economic and social development.

Cardinal Resources Limited announces that a high grade gold intersection has been located approximately 25m north along strike from the 43m gold intersection at the Namdini Mining Licence, located within Cardinal’s Bolgatanga Project in Ghana.

Australian resource and investment company, Cape Lambert Resources Limited, is pleased to announce it has received its first royalty payment from Timis Mining Corporation SL Limited and Timis Mining Corporation Limited. A royalty payment of approximately A$400k was received for the first shipment of iron concentrate in December 2014 from the Marampa Iron Ore Mine (Mine) following the acquisition of the Mine by Timis Mining from the administrators of London Mining Plc in November 2014.

With more than 620 companies queuing up to participate in this year’s annual Australasian Oil & Gas Exhibition and Conference (AOG), the event will be bringing together a host of global specialists to present the latest in new ideas and technology. Events like AOG are considered critical for the transfer of knowledge at a time when the petroleum industry is investigating every opportunity to reduce capital costs in the face of dramatically falling crude oil prices.

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About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.