StockMarketWire.com - Edenville Energy [LON:EDL] was the sector's biggest riser after it said the Tanzanian Ministry of Energy and Minerals had announced a ban on coal imports into the country and the company's Rukwa coal project was well positioned to move rapidly to production.

Edenville said that on 10 August the Tanzanian Ministry of Energy and Minerals (MEM) announced a directive banning the importation of coal into Tanzania. The company understands the ban is effective immediately. The directive, as explained by the MEM, is in order to utilise and stimulate the production of coal from within Tanzania, enabling the country's resources to be brought into commercial production and the potential of the local coal industry to be more fully developed. The Tanzanian government also indicated they wanted to promote more investment in the Tanzanian coal sector as it has significant potential to expand to provide both coal for energy and other uses such as cement production.

Edenville welcomes the government's proactive approach to moving projects from exploration to production and wishes to clarify its position on this significant policy development in Tanzania. Edenville says its Rukwa coal to power project remains the company's core focus and we are continuing to move forward through its stages of development accordingly. The project is planned to encompass a mine mouth power plant of in excess of 100MW.

A statement said: "We hope to have significant updates on the status of the project shortly and the Company is currently advancing various workstreams in parallel with discussions with government authorities and potential partners. "However, the ban on imports of coal has created a significant near term opportunity for coal sales throughout Tanzania and the Company is reviewing its options to contribute to this production accordingly."

The Company, through its Tanzanian subsidiary, holds a mining licence over its Mkomolo deposit and can also source coal from primary mining licences in the nearby Namwele deposit, where mining has previously occurred. The Project also holds a valid Environmental Impact Assessment Certificate from the National Environment Management Council.

The Company is therefore well placed to rapidly instigate coal production subject to the Project's economic viability.

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Thor Mining [LON:THR] has announced a new drill campaign designed to confirm the close proximity of additional tungsten mineralisation within a 6km radius of its existing Molyhil tungsten deposit in the Northern Territory.

Chairman Mick Billing commented:

"Improvements in the APT price combined with renewed interest in the sector leads us to believe that now is the ideal time to test these exciting targets, as we move to the next phase of work at Molyhil with renewed vigour.

"The key objective is to extend the mine life of Molyhil, and hopefully increase the scale of operations to reduce unit production costs.

"Exploration of adjacent known deposits is a sound and cost effective exploration tactic and this initial test of these Molyhil lookalike targets will hopefully lead to a significant increase in the project's current known mining inventory."

HIGHLIGHTS:

- 50 hole drill programme designed to test bedrock through shallow alluvial cover;

- Targeting magnetic anomalies with similar characteristics to Molyhil;

- Key objective of new drilling programme is to find additional ore sources for Molyhil project, thereby extending mine life and reducing costs;

- Targets include; Solar Farm, Stock Yard, Think Big and Gap Track areas, all of which are located within 6km of Molyhil; and

- The low cost programme, estimated at less than A$100,000 is expected to commence in late-August 2016.

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Greatland Gold [LON:GGP] has intersected a massive sulphide mineralisation from 185m downhole in the third diamond hole at the Bromus project in Western Australia.

Stringer and disseminated sulphide mineralisation has also been intersected in the first two diamond holes and laboratory analysis is under way to test the drill cores for nickel and other elements.

Greatland says downhole EM will start shortly to determine the size and orientation of buried mineralisation for follow up drilling should assay results suggest that further drilling is warranted. Drilling is continuing at the fourth and final hole and is expected to be completed this week.

Executive director Callum Baxter said: "We are pleased to have intersected sulphide mineralisation in all three diamond holes completed to date. Moreover, we are highly encouraged by the intersection of massive sulphides of significant width (3.5m) in the third hole. But we must stress that the nickel content cannot be determined until laboratory analysis is complete.

"Drilling is continuing and we look forward to providing further information as activities progress."

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Serabi Gold [LON:SRB] said major shareholder Fratelli Investments Ltd has exercised its right to convert its outstanding $2m convertible loan into ordinary shares of 0.5p each.

Under the terms of the Loan (as announced on 31 December 2015) Fratelli had the right to convert the Loan into new Ordinary Shares of Serabi (the "New Ordinary Shares") at a price of 3.6 pence per New Ordinary Share.

Accordingly, the Board has resolved to issue to Fratelli 42,312,568 New Ordinary Shares which will, when issued, rank pari passu in all respects with the existing Ordinary Shares.

Application will be made to AIM and to the TSX for the New Ordinary Shares to be admitted to trading, which is expected to occur on AIM on or about 19 August 2016.

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Sunrise Resources [LON:SRES] said it is pleased to be reporting positive progress at its Pozz Ash Project.

It was also pleased to see an active work programme being undertaken by EP Minerals at the County Line Diatomite Project where it anticipated the prospect of advance royalty income from the middle of next year, should their results justify continuation of the lease agreement.








At 4:11pm:

[LON:BEM] Beowulf Mining PLC share price was +0.01p at 4.08p

[LON:BKY] Berkeley Energia Ltd share price was 0p at 45p

[LON:CEY] Centamin PLC share price was +3.05p at 177.95p

[LON:CHL] Churchill Mining PLC share price was -2p at 25.13p

[LON:CZA] Coal of Africa Ltd share price was +0.31p at 3.56p

[LON:EDL] Edenville Energy PLC share price was +0.01p at 0.03p

[LON:FDI] Firestone Diamonds PLC share price was -0.5p at 41p

[LON:FRES] Fresnillo PLC share price was +23.5p at 1986.5p

[LON:GEMD] Gem Diamonds Ltd share price was +0.63p at 125.63p

[LON:GGP] Greatland Gold PLC share price was 0p at 0.29p

[LON:HOC] Hochschild Mining PLC share price was +1.85p at 296.95p

[LON:KMR] Kenmare Resources PLC share price was +15p at 265p

[LON:SRB] Serabi Mining PLC share price was -0.25p at 5.63p

[LON:SRES] Sunrise Resources PLC share price was -0.01p at 0.21p

[LON:THR] Thor Mining PLC share price was +0.01p at 0.03p

[LON:VED] Vedanta Resources PLC share price was -10.75p at 531.25p



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