- Thor Mining's [LON:THR] shares jumped after it acquired 100% of the Spring Hill Gold Project in Australia's Northern Territory. Thor bought the 49% stake it did not own from WDR Gold Pty Ltd for A$210,000, plus CDIs to the value of A$100,000.

Formal documentation has now been agreed and executed by both parties

The agreement is subject to ministerial assent, and approval from the Foreign Investment Review Board. Submissions for these reviews have been prepared, however it is expected that these approvals will take several weeks before completion can then occur.

* * *

Turkey-focused Ariana Resources [LON:AAU] has moved a step closer becoming a gold producer after getting forestry permit approval for the Red Rabbit project.

Ariana Resources says it has received confirmation, through its joint venture company, Zenit, that the prime ministry in Turkey has formally approved the application to the Department of Forestry and Water Affairs for the Red Rabbit gold project and that the DFWA has approved the permits subject to the payment of statutory fees.


- Initiation of Kiziltepe mine construction phase at Red Rabbit to follow the issue of forestry permits by DFWA.

- DFWA has confirmed the approval of the permit application, subject to the payment of statutory forestry fees by Zenit within the next three months.

- US$33 million construction finance facility already secured with Turkiye Finans Katilim Bankasi AS.

- Construction timeline to be announced in due course to specify targeted production timescales.

- Production targeting 21,000 oz gold equivalent per annum in the first five years of the eight year life of mine at Kiziltepe with extension anticipated.

Managing director Dr. Kerim Sener said: "This is a significant milestone for Ariana, moving us a step closer to becoming a gold producer. This critical permit approval has been a long time coming but through perseverance and good-faith we have obtained the result we sought and expected. As a result, the construction phase of our Kiziltepe Mine is now just around the corner.

"I would like to take this opportunity to congratulate our partners, Proccea Construction, for the successful conclusion of this process, the diligence and patience of the JV team, and to thank our shareholders for their support during the past year.

"Proccea are in the process of compiling a revised construction timeline for our Kiziltepe mine, and I look forward to being able to provide clear guidance to gold production in the coming weeks."

* * *

Edenville Energy [LON:EDL] has reshuffled its board to help reduce fixed costs while it holds talks with potential financial and technical partners for the next phase of its development.

The company says the changes are aimed at maintaining a carefully managed cost base whilst retaining the experience and knowledge of key directors.

Non-executive director Mark Pryor will become chief operating officer and become an executive director. Pryor has extensive knowledge of Edenville's Rukwa coal assets, being part of the board since the AIM admission in 2010 and was responsible for the two drilling campaigns on the Rukwa coal project which culminated in defining a measured and indicated coal resource of 170 million tonnes.

Edenville says his involvement with the company, both in the UK and Tanzania, has increased during recent months and the executive position better reflects his key role in driving the business forward.

Sally Schofield, currently the company's executive chairman, will become non-executive chairman with a commensurate reduction in fees. As an additional cost reduction measure, finance director Rakesh Patel will step down from the board but will continue to provide financial and accountancy services to the company on a consultancy basis.

* * *

Horizonte Minerals [LON:HZM] is encouraged by the significant number of high grade drill results from phase 4 drilling at its 100% owned Araguaia nickel project in Brazil.

Horizonte says the drill programme is now complete and has demonstrated consistent high grade drill intersections.


· High grade nickel intersections from infill resource drilling on the Pequizeiro deposit include: - 11.30 metres grading 2.95% Ni

- 9.21 metres grading 2.50% Ni

- 11.82 metres grading 2.39% Ni

- 14.05 metres grading 2.33% Ni

- 18.99 metres grading 2.27% Ni

· High grade nickel intersections from infill resource drilling on the Jacutinga deposit include:

- 4.44 metres grading 3.04% Ni

- 12.13 metres grading 2.43% Ni

- 17.44 metres grading 2.38% Ni

- 19.67 metres grading 2.07% Ni

- 17.30 metres grading 2.07% Ni

Chief executive Jeremy Martin saidL "It's encouraging to report a significant number of high grade drill results (greater than 2% nickel) from our phase 4 mineral resource drilling programme at Araguaia. The full set of results have now been received for the drilling across the Pequizeiro and Jacutinga deposits, and these two areas will support the initial 8 to 10 years mine life.

"These results further support the high grade zones within the current NI 43-101 Mineral Resource Estimate, so we have an increased degree of confidence that we will not see any significant reduction in the planned nickel grades over the early period of mine life. "We are making good progress on other areas of the Feasibility work at Araguaia. The full scale Rotary Kiln Electric Furnace pilot campaign is progressing to schedule and we look forward to providing updates on this work in due course."

* * *

Anglo American [LON:AAL] group HR and public affairs director Phil Mitchell is stepping down for personal reasons, with immediate effect.

Anglo American will now begin a search for a successor to fill the role of group director - human resources.

Chief executive Mark Cutifani said: "Phil Mitchell joined Anglo American during 2014 and we respect his decision to take a step back. In his short time with us, Phil's deep understanding and experience of the mining industry has helped us to formulate our organisational design to drive greater effectiveness that we are implementing across the Group. We wish him well for the future."

Anik Michaud, group director - corporate communication, will lead a revised function which will include corporate communication and government and social affairs. Michaud's new role as group director - corporate relations is effective immediately.

* * *

Peninsular Gold [LON:PGL] posts an after-tax loss of £4,306,343 for the year to the end of June 2014 against a profit of £2,312,194 in 2013.

Revenues fell to £16.45m - down from £22.83m last time.

Gold production for the year to 30 June 2014 was 20,948 ounces (2013: 22,383 ounces).

* * *

Antofagasta [LON:ANTO] has completed the sale of the water division, Aguas de Antofagasta SA, to Empresas Públicas de Medellín.

* * *

Eurasia Mining [LON:EUA] posts a pre-tax loss of £502,500 for the year to the end of December - down from £750,339 in 2013.

Revenues fell to £3,640 - down from £16,355 last time.

Chairman Michael Martineau said the company had moved significantly down the road toward platinum production and a review of financing options for the West Kytlim project is already under way.

He said Eurasia applied for a mining licence for the project in November and most of the approvals are in hand, with the last step awaited from the prime minister's office.

At 4:07pm:

[LON:AAU] Ariana Resources PLC share price was +0.23p at 1.08p

[LON:AQP] Aquarius Platinum Ltd share price was +0.28p at 8.63p

[LON:BEM] Beowulf Mining PLC share price was +0.23p at 1.83p

[LON:BKY] Berkeley Resources Ltd share price was 0p at 12p

[LON:CEY] Centamin PLC share price was +0.78p at 70.08p

[LON:CHL] Churchill Mining PLC share price was 0p at 24p

[LON:CZA] Coal of Africa Ltd share price was -0.03p at 5.75p

[LON:EDL] Edenville Energy PLC share price was +0.02p at 0.1p

[LON:FDI] Firestone Diamonds PLC share price was +0.63p at 27.75p

[LON:FRES] Fresnillo PLC share price was -10p at 747p

[LON:GEMD] Gem Diamonds Ltd share price was +1.25p at 155.25p

[LON:HOC] Hochschild Mining PLC share price was +1.88p at 105.63p

[LON:HZM] Horizonte Minerals PLC share price was +0.26p at 2.88p

[LON:KMR] Kenmare Resources PLC share price was +0.16p at 3.99p

[LON:THR] Thor Mining PLC share price was +0.03p at 0.09p

[LON:VED] Vedanta Resources PLC share price was -1.25p at 591.25p

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