This week Albidon (ALD), the mining group working on the Munali nickel project in Zambia, reached an in-principle agreement for up to US$26 million in funding from Pacific Road Resources Funds (PRRF), a private equity investment fund specialising in investing in mining projects worldwide.
Blackthorn Resources (BRL) noted that it had been granted renewal of the New Order Prospecting Rights over the Mokopane Project in the Limpopo Province of South Africa.
Coal of Africa (COAL) secured a deal with Transnet Freight Rail that gives it rail allocation to transport 1 million tonnes per annum (mtpa) of coal to the Matola dry bulk terminal.
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