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Creamer Media's Mining Weekly

Nedbank Capital

Nedbank Capital seeks new mining investment destinations in Africa

Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.

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Orbite Aluminae Inc

Quebec approves $10M equity investment in Orbite Aluminae

The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investissement Quebec.

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Golden Rim Resources

Golden Rim raises $491K to continue Burkina Faso project

West Perth, Australia-based public exploration and mining firm Golden Rim Resources raised $491,000 in placement to continue developing its Balogo project in Burkina Faso, Africa while the firm is still trying to determine other funding options.

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Balamara Resources Limited

Australian minig firm Balamara to divest non-core assets in the Balkans for A$15.2M

Subiaco, Western Australia-based mining firm Balamara Resources Ltd agreed to divest three of its non-core assets located in the Balkans for A$15.2 million to focus on its flagship projects.

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Kimberley Diamonds Ltd

Kimberley picks up new Australian diamond project from Venus Metals for A$1M

Sydney, New South Wales-based mining and exploration company Kimberley Diamonds Ltd picked up the Argyle Smoke Creek diamond project from Mumbai, India-based firm Venus Metals Corp for A$1 million in combined cash and issued shares.

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Orinoco Gold Ltd

Orinoco buys out Troy's stake in Brazil gold mine

Perth, Australia-based gold explorer Orinoco Gold entered an agreement to acquire the 70% stake of gold and silver producer Troy Resources in a gold mine in the Sertao gold mine located in Brazil.

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Robust Resources Ltd

Robust to raise A$25.5M to buy Talas gold-copper project in Kyrgyz Republic

Sydney, Australia-based precious and base metals explorer Robust Resources will raise A$25.5 million via share issue to fund the acquisition of the Talas gold-copper project located in the Kyrgyz Republic.

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Coal mine

Universal Coal agrees to acquire Exxaro's coal mine in South Africa

Australia-listed coal mining firm Universal Coal agreed to acquire the assets and liabilities of Exxaro Resources' New Clydesdale colliery (NCC) in South Africa for an undisclosed amount.

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Heemskirk Consolidated

Australian miner Heemskirk inks deal to sell Canada plant in C$12M deal

Australia-based mining firm Heemskirk Consolidated inked a deal with Marquis Alliance Energy Group to sell its mineral plant in Canada for C$12 million as part of its startegy to focus on developing its Moberly facility.

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Giyani Gold Corp

Canadian mining firm Giyani Gold acquires 57.7% stake in Canoe Mining

Canada-based gold exploration firm Giyani Gold Corp announced on Monday its acquisition of a 57.7% interest in Canoe Mining Ventures through a securities exchange agreement.

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Goldsource Mines Inc

Canadian mining firms Goldsource and Eagle Mountain Gold to merge

Rival Canadian mining companies Goldsource Mines Inc and Eagle Mountain Gold Corp agreed to merge in a deal that would see each firm hold half of the newly combined company.

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