mineral exploration project – commodity prices – mining stock- trade and market

Horizonte, the AIM quoted exploration and development company focused on Brazil, is pleased to announce that it has signed a US$4.5 million earn in agreement on its 100% owned Falcao gold project, located in the Carajas Mineral Province of northern Brazil, with major gold producer and exploration partner, AngloGold Ashanti Limited.

Highlights

- AngloGold can earn into 51% of the Falcao project by spending US$4.5 million on exploration and development over three years

- First year cash commitment of US$900,000 on exploration funding

- Fast track drill programme to...

Gold Fields is the largest metal producer in Africa. The company reported net profit of the company gained increasing to 1:41 billion rand ($ 186 million) in the second quarter. Increase in profits for the three months to reach 40 percent in the price of gold higher.

South Africa’s FTSE/JSE Africa All Share Index rose for a fourth day, adding 126.24, or 0.5 percent, to 26,182.65.

Afgri Ltd. (AFR SJ): The farm-products services company holds its annual general meeting. Afgri was unchanged at 5.50 rand.

AngloGold Ashanti Ltd. : Africa’s largest producer of the metal said it has fully funded a cash payment of about $76.9 million to former...