(Alliance News) - Shuka Minerals PLC on Wednesday said it has appointed a drilling contractor, as it looks to commence exploration drilling at the Kabwe zinc mine in Zambia. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Chair Quinton van der Burgh and Non-Executive Director Marcel Nally have stepped down from the board, with immediate effect. Their departure from the board comes after conclusion of an annual general meeting held on Modnay. Says Nally will remain as a technical consultant to the company. Edward Ruheni did not stand for re-election at the AGM. Richard Hawken and Margaret Mudenda joined the board as non-executive directors last month. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Hires Richard Hawken and Margaret Mudenda as a non-executive directors, with immediate effect. Hawken has worked with UK and European-headquartered commodity trading groups, London Stock Exchange-listed mining companies and private mining businesses, Shuka says. Mudenda is a partner at Chalwe & Kabalata Legal Practitioners and previously served as director general of the Zambia Information & Communications Authority. She is chair of Sanlam Life Insurance Zambia Ltd. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says laboratory results continue to demonstrate consistently high zinc and lead grades at the surface at its newly acquired Kabwe zinc mine in Zambia. Shuka last month bought Leopard Exploration & Mining Ltd, which now owns and operates Kabwe zinc mine. Notes that it has received the assay results for certain samples from the Kabwe mine, which had previously exceeded the upper detection limits of the initial testing. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Reports that samples show consistently high zinc and lead grades at surface at its newly acquired Kabwe zinc mine in Zambia. Shuka last month acquired Leopard Exploration & Mining Ltd, which now owns and operates Kabwe zinc mine. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Issues 2.76 million new shares to Gathoni Muchai Investments Ltd. These will settle 3% establishment fee linked to the unsecured loan signed in June last year, and historic fees related to Gathoni Muchai's consultancy agreement. To date, GBP1.12 million has been drawn down under the Gathoni Muchai loan, with a further GBP385,000 remaining undrawn. Read More
(Alliance News) - Shuka Minerals PLC said on Friday it has completed its acquisition of Leopard Exploration & Mining Ltd in Zambia. Read More
(Alliance News) - Shuka Minerals PLC said on Tuesday it will raise GBP3 million to help fund its projects in Zambia and Tanzania, and indicated it is on track to conclude its acquisition of Leopard Exploration & Mining Ltd in Zambia. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it shortly expects to receive GBP815,000 from African-focused investment banking and corporate finance group, Gathoni Muchai Investments Ltd. Notes that it received a copy of a payment transfer instruction on Monday, as it awaits the balance of a loan from Gathoni Muchai. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Agrees to extend the long stop date for completion of its acquisition of Leopard Exploration & Mining Ltd in Zambia to January 15. Gathoni Muchai Investments Ltd had said it would pay the balance of its loan to Shuka by December 31. Says Gathoni Muchai has indicated funds will now be provided next week. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd has confirmed that it will continue to pay the balance of its loan to Shuka throughout this month. Shuka requires the balance of the funds to satisfy the USD1.35 million consideration to acquire Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it expects Gathoni Muchai Investments Ltd to pay the balance of its loan to Shuka this month, instead of November. The balance is about GBP450,000, Last month, Shuka received an initial tranche of USD300,000 from Gathoni Muchai under the increased loan facility. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Shuka says Gathoni Muchai has confirmed that the balance of the funds required to satisfy the USD1.35 million consideration due under the acquisition will be advanced before the end of this month. Read More
(Alliance News) - Shuka Minerals PLC said on Wednesday it has agreed to settle the balance of its acquisition of Leopard Exploration & Mining Ltd in Zambia. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Receives an initial tranche of USD300,000 from Gathoni Muchai Investments Ltd under the increased loan facility. The loan facilitates Shuka's acquisition of Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Shuka says Gathoni Muchai has confirmed that the balance of the funds required to satisfy the USD1.35 million consideration due under the acquisition will be advanced before the end of this month. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd expects to pay Shuka an initial USD350,000 in the coming days. The balance of the funds is to be paid to the company by Gathoni Muchai before the end of this month. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it is yet to receive loan funds from Gathoni Muchai Investments Ltd. A week ago, Gathoni Muchai had indicated that funds would be processed by Friday last week. Gathoni Muchai reports that administrative issues prevented the payments from proceeding last week, though it is confident of payments to Shuka this week. Read More
(Alliance News) - Stock prices in London opened higher on Monday, ahead of manufacturing purchasing managers' index data due shortly, at the start of a busy week which includes a Bank of England rate decision and a swathe of earnings reports. Read More