vssmnn Posted April 15, 2009 Author Report Share Posted April 15, 2009 New Dawn Receives Payment in U.S. Dollars For Two Gold Bars Exported to South Africa TORONTO, April 15 /CNW/ - New Dawn Mining Corp. (TSX: ND) announced that it has received payment for its first two bars of fine gold recently exported to South Africa, consisting of approximately 19.8 kg's (636 ounces), that were produced from the Company's 100% wholly-owned Turk Mine in Zimbabwe. The payment received totaled approximately US$551,000 representing a sale price of $870 per ounce of gold, less certain direct costs. Under the new Monetary Policy in Zimbabwe, New Dawn is able to directly market its gold and retain 100% of it gold sales in U.S. currency. The receipt of this payment completes the Company's implementation of the new direct gold marketing process, as well as making the previous risk of non-payment for gold sales no longer a significant negative factor in considering an investment in the gold mining sector in Zimbabwe. New Dawn recently shipped an additional approximately 14.1 kg's (450 ounces) of fine gold to Rand Refiners in South Africa for payment in U.S. Dollars, with such payment scheduled to be received within 10 business days from date of shipment. This payment for the first two gold bars and the expected receipt of U.S. Dollars for the next shipment of gold has provided sufficient working capital for New Dawn to begin to purchase goods and services to support expanded operations at the Turk Mine in Zimbabwe. New Dawn has initiated the purchase of consumables for the ramp up of operations on an "immediate supply" basis. New Dawn anticipates reporting the change to full-scale operations at the Turk Mine in due course. Link to comment Share on other sites More sharing options...
vssmnn Posted May 4, 2009 Author Report Share Posted May 4, 2009 New Dawn's Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program TORONTO, May 4, 2009 (Canada NewsWire via COMTEX News Network) -- << Highlights: ----------- - Resumption of full-scale mining operations at Turk Mine in Zimbabwe - Initial production rate of 250 tonnes per day at Turk Mine - Initial output targeted at 700 to 750 ounces of gold per month - Immediately available production capacity at Turk Mine of 400 tonnes per day - Output targeted to rise to 1,150 to 1,200 ounces of gold per month by October 2009 - Average cash cost anticipated at approximately US$425 to US$450 per ounce in October 2009 - 11 years of proven and probable mine reserves at October 2009 production rates - Further additional incremental production increases planned as expansion projects completed. - US$1.3 million received and 100% retained from gold sales during the restart of the mine development program >> Link to comment Share on other sites More sharing options...
jerpy Posted May 6, 2009 Report Share Posted May 6, 2009 New Dawn's Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program Thanks for the heads up on ND paying off nicely, see MWA getting full ramp treatment on many U.K b.b's and they've not really done anything yet wheel starting to turn Link to comment Share on other sites More sharing options...
littledavesab Posted May 6, 2009 Report Share Posted May 6, 2009 Thanks for the heads up on ND paying off nicely, see MWA getting full ramp treatment on many U.K b.b's and they've not really done anything yet wheel starting to turn Which UK BB's do you watch Riggers? Link to comment Share on other sites More sharing options...
jerpy Posted May 6, 2009 Report Share Posted May 6, 2009 Which UK BB's do you watch Riggers? Too many. Will send you a p.m Link to comment Share on other sites More sharing options...
jerpy Posted May 17, 2009 Report Share Posted May 17, 2009 New Dawn Mining Corp Webcast http://www.smallcapepicenter.com/featurewe.../ND13April2009/ Bit out of date, but from around the same time: A brief discussion with Ian R. Saunders, President, Cheif Executive Officer and Director of New Dawn Mining about the working climate and it's effects operating in Zimbabwe http://www.vantagewire.com/audio/showaudio/9 Link to comment Share on other sites More sharing options...
vssmnn Posted May 28, 2009 Author Report Share Posted May 28, 2009 Link to comment Share on other sites More sharing options...
jerpy Posted May 29, 2009 Report Share Posted May 29, 2009 Nice now can we get out of first gear Link to comment Share on other sites More sharing options...
jerpy Posted July 4, 2009 Report Share Posted July 4, 2009 Mwana making slow progress. From results : Commenting on the results Kalaa Mpinga, Chief Executive Officer, said: "This has been a challenging year for Mwana Africa as we have fought to protect our strategic investments and the foundations of our pan-African, multi-commodity strategy. With the improvement in operating conditions in Zimbabwe, we will shortly resume operations at Freda Rebecca and are currently looking at options to resume operations at BNC including the potential to restart development of our promising Hunters Road project." He followed these up with a purchase of 1million shares at 5.581p taking his stake to 9.35% of the total voting rights, small vote of confidence perhaps? Chairman also bought a few too. Seems like Freda is the short term key driver. Link to comment Share on other sites More sharing options...
vssmnn Posted July 6, 2009 Author Report Share Posted July 6, 2009 Diamonds are Robert Mugabe's best friend http://www2.canada.com/montrealgazette/fea...26-28b977fcd30f Link to comment Share on other sites More sharing options...
jerpy Posted July 21, 2009 Report Share Posted July 21, 2009 Interesting. http://www.miningweekly.com/article/zimbab...ment-2009-07-10 Zimbabwe has launched a review of all mining contracts, saying it would introduce a "use it or lose it" policy. "In doing so we want to ensure that all those that are performing will not be prejudiced," he said. "We are doing it in a manner that will not frighten people away." Really! Link to comment Share on other sites More sharing options...
DiggerUK Posted August 7, 2009 Report Share Posted August 7, 2009 Conrad, Hi my first post on here, would be interested to have info on gold mining interests in Zimbabwe. Would appreciate list of all outfits with mining interests in the country. Thanks. Link to comment Share on other sites More sharing options...
vssmnn Posted August 12, 2009 Author Report Share Posted August 12, 2009 Conrad, Hi my first post on here, would be interested to have info on gold mining interests in Zimbabwe. Would appreciate list of all outfits with mining interests in the country. Thanks. just a begin: http://www.reliefweb.int/rw/rwb.nsf/doc106...;po=0&so=63 Link to comment Share on other sites More sharing options...
jerpy Posted August 14, 2009 Report Share Posted August 14, 2009 Blanket Gold Mine in Zimbabwe to Reopen Caledonia Mining is expected to bring the Blanket gold mine in Zimbabwe back into service in the near future http://uk.reuters.com/article/marketsNewsU...G42639020090403 Enjoying their return to production http://www.caledoniamining.com/pdfs/08112009.pdf Add Metallon too http://www.mineweb.com/mineweb/view/minewe...5&sn=Detail and just maybe the bottom of this article might happen one day for me please http://allafrica.com/stories/200908060112.html Link to comment Share on other sites More sharing options...
jerpy Posted August 14, 2009 Report Share Posted August 14, 2009 Nice now can we get out of first gear Might be time to have another look at New Dawn now they have cooled off a bit? http://www.newdawnmining.com/s/NewsRelease...itive-Operati... "As part of our strategic plan over the past couple of years, we elected to grow our asset base by over-developing the Turk and Angelus Mine complex relative to our production profile. We installed an upgraded production infrastructure that is now ready to be put into operation, which will allow us to mine over 11 years of in place reserves and to progressively increase our production levels," commented Ian Saunders, President and CEO. "The Turk Mine is far up the value curve, relative to its current production profile, and we are geared for sustainable growth. With production at the Turk Mine having resumed, we are just beginning to see the positive results from these efforts. On behalf of the board, management and all of our employees, I would like to thank our shareholders and partners for their continued support and commitment to New Dawn, and I look forward to reporting further production increases and steadily improving financial results to our shareholders in the coming quarters." Link to comment Share on other sites More sharing options...
vssmnn Posted September 2, 2009 Author Report Share Posted September 2, 2009 Zimbabwe wants a 50% shareholding in all diamond mining ventures, World Diamond Council http://www.mineweb.com/mineweb/view/minewe...7&sn=Detail Link to comment Share on other sites More sharing options...
jerpy Posted September 17, 2009 Report Share Posted September 17, 2009 September 14, 2009 New Dawn's Turk Mine in Zimbabwe -- August 2009 Represents 5th Consecutive Month of Increased Gold Production Highlights: Gold production for August 2009 was 1,019 ounces or 31.7 kg's, as compared to 1,016 ounces or 31.6 kg's produced in July 2009 Gold sales for August 2009 were US$774,000, at US$949.90 per ounce average gold price At August 2009 month-end, an additional 770 ounces or 23.95 kg's of gold were awaiting export for sale in South Africa, which will be included in September 2009 sales 100% of gold sales are received in US Dollars August 2009 marks the 5th consecutive month of increased production http://www.newdawnmining.com/s/NewsRelease...secutive-Mont... September 16, 2009 New Dawn's Turk and Angelus Mines in Zimbabwe 35,000 to 50,000 oz Potential Gold Production Expansion Plans Fully Funded From Operating Cash Flow TORONTO, Ontario, September 16, 2009 - New Dawn Mining Corp. (TSX: ND) ("New Dawn" or the "Company") has implemented a program to increase its current production at its Turk and Angelus Mines in Zimbabwe to an annual production rate of 35,000 to 50,000 ounces of gold. This program has been designed to increase gold production on a staged basis through mine development and expansion. The program is expected to be fully funded by operating cash flow. http://www.newdawnmining.com/s/NewsRelease...-Potential-Go... No wonder it's been on the run of late Link to comment Share on other sites More sharing options...
jerpy Posted September 17, 2009 Report Share Posted September 17, 2009 Meanwile at the Mwana AGM Tuesday comments on its Zimbabwean gold mine being " on course to restart production this month, and that improved conditions in the country favoured resumption of its nickel operations". Mwana Africa said it had completed refurbishment of its Freda Rebecca gold mine, north-east of the capital Harare...and was also considering reopening its majority-owned unit Bindura Nickel Corp's nickel mines, which were mothballed last November, due to revival in world prices. The company said in a statement that talks with lenders to increase gold production to 50,000 ounces a year from 30,000 ounces were continuing. 'Many of the changes in the economic environment in Zimbabwe, which prompted the decision to resume the refurbishment of the Freda Rebecca gold mines, will have a similarly positive impact on operations at BNC,' Mwana said. Kalaa Mpinga, Mwana's chief executive told Reuters in a telephone interview that Zimbabwe's economic environment had improved since President Robert Mugabe and Prime Minister Morgan Tsvangirai set up a power-sharing government in February. On black empowerment.... 'We believe in empowerment, but it has to be done in a manner conducive to investment. If somebody has a project and you ask them to take 100 percent of the risk, you cannot ask them to take only 49 percent of the profit.' http://www.forbes.com/feeds/afx/2009/09/15/afx6887662.html Full details also on website Waiting for minesite presentation as I couldn't attend Link to comment Share on other sites More sharing options...
jerpy Posted September 18, 2009 Report Share Posted September 18, 2009 Looks good, hoping it pans out. http://www.mwanaafrica.com/ir/files/presen...rum_17sep09.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted September 22, 2009 Author Report Share Posted September 22, 2009 Zim sees $16bn mining investment by 2018 http://www.miningmx.com/news/markets/Zim-s...ent-by-2018.htm Link to comment Share on other sites More sharing options...
jerpy Posted October 2, 2009 Report Share Posted October 2, 2009 Someone flagging it up everywhere on the boards, but the close today did warrant a little suspicion it's getting interesting at MWA A South African company intends to buy a significant portion of Mwana Africa’s shareholding in Bindura Nickel Corporation, the country’s largest nickel producer. In a seemingly veiled hint, Mwana Africa chairman, Mr Kalaa Mpinga last week told shareholders at the company’s Annual General Meeting that the board would consider a combination of debt and "equity" to fund its recapitalisation drive. Sources( ), this week, said the South African company, based in the Democratic Republic of Congo, had already approached Mwana Africa with their proposal. The name of the company could not be ascertained. http://www.herald.co.zw/inside.aspx?sectid=10854&cat=8 Any clues Conrad?? Link to comment Share on other sites More sharing options...
vssmnn Posted October 3, 2009 Author Report Share Posted October 3, 2009 Any clues Conrad?? thx rigger buy & hold!!! alternative url: http://allafrica.com/stories/200910020104.html Link to comment Share on other sites More sharing options...
jerpy Posted October 5, 2009 Report Share Posted October 5, 2009 thx rigger buy & hold!!! alternative url: http://allafrica.com/stories/200910020104.html Been doing that for awhile, trying to resist the urge to bank some profits Thats 2 winners so far from this thread, do you know any JSE listed ZIM miners Conrad? Link to comment Share on other sites More sharing options...
vssmnn Posted October 5, 2009 Author Report Share Posted October 5, 2009 do you know any JSE listed ZIM miners Conrad? no one Link to comment Share on other sites More sharing options...
vssmnn Posted October 7, 2009 Author Report Share Posted October 7, 2009 new in Zim-Club: African Consolidated Resources (AFCR) http://www.acrplc.com/ Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.