StockMarketWire.com - Goldplat [LON:GDP], the AIM quoted African gold producer, has received confirmation that its Ghanaian licence to purchase and deal in gold has been renewed for a period of three years.

Gold Recovery Ghana, the company's wholly owned gold recovery subsidiary in Ghana, recovers gold from by-products of the mining process, providing an economic method for mines to dispose of waste materials and adhere to environmental obligations.

GRG was previously operating under a temporary licence, pending confirmation that its application for the renewal of its gold licence had been accepted by the Ghanaian government.

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Avocet Mining [LON:AVM] has confirmed a mining convention has been signed in respect of the Tri-K project in Guinea while a court hearing scheduled in Ouagadougou, to determine the legality of the seizure of the gold shipment in October by certain ex-workers, has been postponed for at least two weeks.

Avocet Mining said the mining convention was signed in Conakry by mines and geology minister Abdoulaye Magassouba, budgets minister Mohamed Lamine Doumbouya, Imad Toumi on behalf of Managem SA and Jim Wynn on behalf of Avocet. The convention, which remains subject to ratification by the Guinean National Assembly, represents the governmental approval of the Tri-K transaction between Avocet and Managem. Further details of its contents have been set out in Part VI of the Circular sent to shareholders on 29 November 2016, a copy of which is available on the Company's website on www.avocetmining.com.

Avocet also announced that the court hearing scheduled for yesterday (19 December) in Ouagadougou, to determine the legality of the seizure of the gold shipment in October on behalf of certain ex-workers, has been postponed for at least a two week period.

However, in the meantime, the Company remains hopeful that a settlement will be reached with the ex-employees which will result in the seized gold being released. The shipment (#314) comprised approximately 1,400 oz of gold and the cash realised from the sale of that gold will be used to pay the settlement which is being negotiated and agreed between the parties. Inata Mine resumed operation in late November and regular shipments are proceeding as normal.

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Tanzania-focused Edenville Energy [LON:EDL] has announced the third, and final, set of results it has received from SGS Laboratories in relation to the recent bulk sampling programme carried out on the Mkomolo and Namwele deposits.

These results cover seam NM1 and follow the results of the sampling of seam MK2 announced on 15 November 2016 and MK1 on 5 December 2016.

Key points:

- Results from seam NM1 for the Namwele deposit confirm coal as suitable for the provision of power plant feed

- It is considered no washing will be needed for the Namwele seam to be used as power plant feed

- Namwele NM1 seam results have exceeded expectations with approximately 60% of the coal averaging an energy value of 20MJ/kg

- The results from the sampling and wash tests of NM1 further support and validate the results from the Mkomolo MK1 and MK2 seams and the recently constructed financial model and Resource Technical Assessment

- The Company is working with potential local customers assessing the options to establish mining operations in 2017

Chief executive Rufus Short said: "The encouraging results from NM1 complete the wash test analysis on the bulk samples taken in September of this year. Namwele averaged above 15MJ/kg with 60% averaging 20MJ/kg and we consider we will not need to wash this coal in order for it to be used in the planned power plant.

"This along with the previous test work from Mkomolo has shown our coal is ideal for power plant use with mining and treatment costs being moderate to low. The work done at Mkomolo and Namwele is critical to giving confirmation around the characteristics of the fuel supply for the power plant and gives us a high degree of confidence in the quality and resulting economic viability of the project.

"The coal quality has exceeded our expectations we are subsequently looking at the possibility of including this coal in planned commercial sales and we are in advanced discussions with customers to open up production in 2017.

"With the completion of the bulk sampling programme, we are now in a position to advance talks with several potential buyers of our coal and plan an initial mining operation. Several aspects of the mining project including a stockpile area, access for road trucks, a detailed schedule and plan for 2017 and enlargement of the camp area at site are currently being worked on. I very much hope to be able to update shareholders soon on all of these areas."

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KEFI Minerals [LON:KEFI] has issued an operational update for the period from 1 October to 19 December which encompasses the activities of KEFI Minerals (Ethiopia) Ltd in Ethiopia and Gold & Minerals Ltd in Saudi Arabia.

KEFI's executive chairman Harry Anagnostaras-Adams said: "KEFI has had a very good 12 months in which it has made solid progress towards becoming a gold production company. The calm and pro-development situation in Ethiopia, combined with the financing proposals being considered by KEFI, make the Board confident that the Tulu Kapi Gold Project starts development in 2017. We look forward to updating the market on all the positive steps being taken in Ethiopia and Saudi Arabia in the New Year."

Corporate:

- As previously reported, the Ethiopian government declared a six-month State of Emergency in October 2016. The Tulu Kapi Gold Project funding process is ongoing with a predominant focus on those potential financiers who are unfazed by the geopolitical context, being well-established in the region themselves

- In the meantime, KEFI has reduced its spending rate and Directors' aggregate remuneration this quarter will be paid in shares, as was in effect the case for financial years 2014 and 2015 when share placing participation by the Directors totalled 98% of aggregate cash-based remuneration

- KEFI has received formal confirmation that its refund is due for payment as of now for the equivalent of £2.5 million from the Ethiopian tax authorities, having completed repayment of the inherited 'Reverse VAT Liability' within the agreed 3-year schedule to December 2016

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Arian Silver [LON:AGQ] reported evidence of the presence of two major vein systems on its wholly-owned Los Campos project, following its work programme to advance targeted exploration.

The project comprised several concessions centrally located within the Zacatecas mining district where historical production exceeded 900 million ounces of silver and 9 million ounces of gold.

The Los Campos concession included the former Los Campos mine and its satellite excavations, and across the project area, evidence of two vein systems was identified. These were the San Rafael vein and the Los Campos vein.

Arian CEO Jim Williams said: "We are pleased that our preliminary exploration work has identified several high-quality targets at Los Campos, where evidence of the presence of two major vein systems has been identified.

"The board is confident its exploration properties have the potential to host significant mineralisation.

"Our development plan for the Los Campos project involves rehabilitating a number of the mine shafts to allow the company to survey, map and sample the underground workings, which will aid the identification of high quality targets for future drilling."

Arian Silver said it owns mineral concessions over approximately 1,500 hectares in the heart of the Zacatecas mining district.

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Berkeley Energia [LON:BKY] says full construction of its 100% owned Salamanca mine will start early next year following the order of the first major items for the crushing circuit. Proceeds raised from the recent US$30m equity raise have been used to order primary and secondary crushers from the Sandvik Group, one of the world's leading suppliers of crushers and related equipment, in a move that accelerates development of the Salamanca mine.

Amec Foster Wheeler, which is carrying out the front end engineering design (FEED), made contractual enquiries for key equipment for the crushing circuit and the company has now completed a purchase order for a primary jaw crusher and a secondary cone crusher. The final cost of the equipment ordered was more than 20% below estimates from the definitive feasibility study. The company, which already sits at the bottom of the cost curve in terms of capital and operating costs, will continue to pursue cost optimisation opportunities as it proceeds towards full construction.

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Mariana Resources [LON:MARL] has provided an update on the ongoing diamond drill programme at the high-grade Hot Maden gold-copper project in NE Turkey.

Exceptional gold-copper (Au-Cu) grades continue to be returned from drilling along two infill cross sections (4,542,125N and 4,542,225N).

This infill drilling continues to confirm the internal continuity of Au-Cu mineralisation, including the high grade, within the Main Zone resource area.

At 4:26pm:

[LON:AGQ] Arian Silver Corporation share price was 0p at 0.63p

[LON:AVM] Avocet Mining PLC share price was +1.01p at 51.13p

[LON:BEM] Beowulf Mining PLC share price was +0.01p at 5.38p

[LON:BKY] Berkeley Energia Ltd share price was -1.25p at 51.5p

[LON:CEY] Centamin PLC share price was +0.65p at 120.45p

[LON:CZA] Coal of Africa Ltd share price was -0.19p at 3.35p

[LON:EDL] Edenville Energy PLC share price was +0.01p at 0.39p

[LON:FDI] Firestone Diamonds PLC share price was 0p at 51.25p

[LON:FRES] Fresnillo PLC share price was -24.5p at 1089.5p

[LON:GDP] Goldplat PLC share price was +0.13p at 5.38p

[LON:GEMD] Gem Diamonds Ltd share price was -1.5p at 105.25p

[LON:HOC] Hochschild Mining PLC share price was -6.2p at 191.4p

[LON:KEFI] KEFI Minerals PLC share price was 0p at 0.24p

[LON:KMR] Kenmare Resources PLC share price was +2.5p at 242.5p

[LON:VED] Vedanta Resources PLC share price was +4.75p at 909.75p



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