Articles tagged 'acr'

ACR payment date for Dalny Mine further extended 23 August 2014 HARARE - AIM-listed miner African Consolidated Resources (ACR) has agreed with Falcon Gold Zimbabwe Limited (Falgold) to further extend the date for payment of the outstanding amount for the purchase of Dalny Mine and associated infrastructure to October. Following Falgold shareholders’ approv...
ACR's Dalny Mine deal approved 16 August 2014 HARARE - AIM-listed miner African Consolidated Resources (ACR)’s acquisition of Falcon Gold Zimbabwe’s (Falgold) Dalny Mine (Dalny) and associated infrastructure is on course following Falgold shareholders’ approval of the deal. The resolution was passed at an extraordinary general meeting in ...
ACR's Dalny deal awaits shareholder approval 2 July 2014 HARARE - AIM-lIisted miner African Consolidated Resources (ACR) awaits Falcon Gold Zimbabwe (Falgold) shareholders’ approval to finalise the acquisition Dalny Mine (Dalny). The group plans to buy Dalny, wholly-owned by Falgold, for $8 million. Falgold said the Zimbabwe Stock Exchange (ZSE)’...
Dalny weighs down Falgold 20 June 2014 HARARE - Falcon Gold Zimbabwe Limited (Falgold) says its mothballed Dalny Mine (Dalny) weighed down profits for the half year to March 2014 due to revenue channelled to care and maintenance costs. Although the Zimbabwe Stock Exchange-listed mining concern narrowed losses from $2,6 million incu...
ACR, Falgold in $8m mine deal 17 June 2014 HARARE - United Kingdom-based African Consolidated Resources (ACR) is set to acquire Falcon Gold (Falgold)'s Dalny Mine (Dalny) for $8 million. Falgold's plan to dispose of Dalny has been on the cards since last year, when the Kadoma mine was mothballed due to operational challenges. “The c...
ACR seeks funding for Zim mine 17 July 2013 HARARE - AIM-listed African Consolidated Resources (ACR) says negotiations with potential investors are at an advanced phase for possible funding for its Pickstone-Peerless gold mine in Zimbabwe. The miner, which unveiled the results of the definitive feasibility study (DFS) for the project ye...
ACR has case to answer: Court 14 May 2013 HARARE - A High Court judge has dismissed an application to quash charges against a British-registered company, African Consolidated Resources Private Limited (ACR), accused of illegally mining diamonds in Marange. ACR is accused of fraud or alternatively contravening the Precious Stones Trade Ac...