Xtract Resources on Tuesday reported alluvial mining contractors operating at its Manica project, in Mozambique, had produced about 1 328 oz of gold in the quarter ended December 31.
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Mozambican state-owned Empresa Moçambicana de Exploração Mineira (EMEM) will set up a commercial warehouse in the province of Manica for the purchase and sale of gold mined in the province, the deputy minister of Mineral Resources and Energy announced on Thursday.
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Xtract Resources and Nexus Capital, previously known as Mineral Technologies International, on Tuesday agreed to revise the terms of a collaboration agreement for the exploitation of alluvial gold deposits at Xtract’s Manica deposit, in Mozambique.
Read MoreAlluvial mining contractors operating at Xtract Resources’ Manica concession produced 1 703 oz of gold in the second quarter – a 41.9% quarter-on-quarter increase.
Read MoreXtract Resources has achieved significant progress at its Manica gold project, in Mozambique, in the year ended December 31, 2017 as the mine produced its first gold in October, from Sino Minerals, which marked a milestone in the company’s history.
Read MoreXtract Resources has updated the terms of the contract signed with the Moz Gold Group for the exploration of alluvial gold deposits in the Mozambican province of Manica, under which as early as March it will receive a minimum of 2.25 kilograms of gold, the British company said in a statement issued on Tuesday.
Read MoreExplorator Limitada, a wholly-owned Mozambican subsidiary in of Britain’s Xtract Resources, has signed a new mining contract with Omnia Mining Ltd for the exploration of alluvial gold deposits in the Manica mining concession, according to a recent statement.
Read MoreXtract Resources’ wholly-owned Mozambican subsidiary Explorator Limitada has concluded a new mining contractor agreement with Omnia for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.
Read MoreASX-listed Mustang Resources has secured $19.95-million in funding from US institutional investor Arena Investors and announced a rights issue to further advance its projects in Mozambique.
Read MoreXtract Resources’ Mozambique subsidiary Explorator has negotiated enhanced terms for the exploration of alluvial gold deposits in the western portion of its Manica mining concession, in Mozambique, the company announced on Thursday.
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