East Africa focused emerging potash company South Boulder Mines (ASX:STB) is on the development path at its Colluli Potash Project in southern Eritrea, East Africa, where the company's work on a pre-feasibility study is well advanced.
The method, developed by Julian Malnic, of Sydney's Direct Nickel (ASX:DIR), and colleagues, is expected to facilitate processing of nickel bound in a common type of laterite rock. Laterite rocks, which are formed through weathering, bear most of the world's future nickel resources however up until now have been uneconomic to process using existing methods.
Poseidon Nickel Limited (ASX:POS) is pleased to announce that it has agreed to acquire the Lake Johnston Nickel Project from OJSC MMC Norilsk Nickel. The acquisition of Lake Johnston would be in addition to the Black Swan acquisition announced on 7th July 2014.
Maersk Oil, a wholly owned subsidiary of Copenhagen's AP Moller-Maersk AS, has decided to write off US$1.7 billion of investments in the Wahoo and Itaipu oil fields, while divesting its ownership in the Polvo field.
Hudson Resources Limited has accepted Sovereign Gold Company Limited's (ASX:SOC) (Sovereign Gold) offer for its Mount Adrah shares and options bringing Sovereign Gold's interest in Mount Adrah Gold Limited (Mount Adrah) to 95.9%.
Sovereign Gold Co Ltd (Sovereign Gold) (ASX:SOC) advises that Hudson Resources Limited (ASX:HRS) (Hudson) has acquired a 17.2% holding in Mount Adrah Gold Limited (Mount Adrah), a subsidiary of Sovereign Gold.
Issue 13 of Australia's leading investor focused publication The Pick - featuring an exclusive interview with Sirius Resources (ASX:SIR) Managing Director Mark Bennett, is available in today's Australian Financial Review.
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