Company News: African Eagle Resources
Updated: 23 Feb 2010
Since discovering a major nickel laterite deposit at Dutwa in Tanzania, African Eagle is in transition from an explorer into a nickel mining company. The Company completed a positive scoping study on the Dutwa deposit in July 2009 and is now working towards a full feasibility study.
African Eagle is also evaluating a second promising nickel laterite deposit in Tanzania.
The Company holds a 49% interest in the Mkushi Copper Mines joint venture in Zambia, for which a draft feasibility study was completed in Q4 2008. It also holds a half million ounce gold resource at the Miyabi project in Tanzania, and a portfolio of gold and base metal exploration assets, including two projects in the Zambian Copperbelt.
The Company is seeking partners or buyers for its “non-core” copper, gold and uranium projects.
We currently have operations in Tanzania, Zambia, Mozambique.
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Most Recent Company News
- IFC invests in African Eagle - 11 Nov 2011 1:09pm
International Finance Corp (IFC), the World Bank’s investment arm, is to invest up to US$5 million into African Eagle plc for a 10% stake in the company Read more... - Mozambique: Rapid expansion - 28 Oct 2011 12:26pm
Coal and gold production are rapidly increasing as significant investment from foreign mining groups flows into Mozambique's mining sector. Read more... - Tanzania: Growth opportunities - 28 Oct 2011 12:26pm
The Tanzanian mining industry is relatively small in value but the fact that mining earns a significant share of the country's export revenues is important to its economy Read more... - Moss new CEO - 23 Sep 2011 12:34pm
Trevor Moss has been appointed director and chief executive designate of African Eagle Resources plc as it progresses its Dutwa nickel project in Tanzania Read more... - Miyabi relinquished - 01 Apr 2011 11:53am
MHM Metals Ltd has relinquished its rights over a 75% interest in African Eagle Resources plc’s Miyabi gold project in Tanzania, following metallurgical testing results that the company said did not meet its investment criteria. Read more... - Dutwa upgrade - 14 Jan 2011 11:02am
The resource for African Eagle Resources plc’s Dutwa nickel project in Tanzania has been upgraded by consultant Snowden, placing greater amounts within the indicated category Read more... - African Eagle shareholding - 10 Dec 2010 11:28am
MWB Capital Ltd, a private investment firm, has purchased a 7.9% interest in Africa Eagle Resources plc Read more... - Vedanta postpones Konkola listing - 03 Dec 2010 12:50pm
Vedanta plc has blamed stock-market volatility for the delayed listing of Konkola Resources plc Read more... - African Eagle offloads uranium - 26 Nov 2010 11:46am
African Eagle Resources plc has injected its uranium exploration assets into Jacana Resources Ltd, a private Australian company Read more... - Tanzania: Powering forward - 29 Oct 2010 12:12pm
A new mining law aims to increase national revenues from the mining sector Read more...
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