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Sable Mining surges after signing MoU with CITIC Group

Mon, 21st Sep 2015 11:18

(ShareCast News) - Shares in Sable Mining surged almost 90% on Monday morning, after the miner announced it had entered a memorandum of understanding (MoU) with CITIC Group.Under the terms of the MoU, CITIC and the China-based construction and services provider will work together to develop a 600 megawatt coal-fired power plant at Sable's Lubu coal project in Zimbabwe.The London-listed company said it had received support by the Republic of Zimbabwe and the Ministry of Energy and Power Development, which is the administration in charge of power development."Our team now look forward to exploring the commercial potential of this MoU further with the CITIC team and moving forwards with this project at speed," said group chief executive Andrew Groves.Sable Mining shares were up 90.85% to 1.01p at 1123 BST on Monday.
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30 Sep 2016 10:25

Sable Mining Confirms Plans To Leave AIM As Loss Narrows (ALLISS)

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14 Sep 2016 12:11

Sable Mining Nomad Resigns As It Plans Delisting From AIM (ALLISS)

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7 Sep 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

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1 Sep 2016 20:25

UPDATE 1-Liberian parliament speaker steps down after Sable Mining indictment

(Adds details, background) MONROVIA, Sept 1 (Reuters) - Liberia's parliament speaker said on Thursday that he is stepping down to face bribery charges in a case involving London AIM-listed Sable Mining's attempted acquisition of an iron ore concession in the north of the country. "If

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1 Sep 2016 17:35

Liberian parliament speaker steps down after Sable Mining indictment

MONROVIA, Sept 1 (Reuters) - Liberia's parliament speaker said on Thursday that he is stepping down to face bribery charges in a case involving London AIM-listed Sable Mining's attempted acquisition of an iron ore concession in the north of the country. "If my recusal is the ultimate sacri

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13 Jun 2016 14:52

Sable Mining boss refutes corruption allegations

(ShareCast News) - Resources company Sable Mining made an announcement to the market on Monday, over recent press comment and speculation regarding allegations of bribery and corruption made against the company in Liberia. The AIM-traded firm said one allegation is that CEO Andrew Groves has been in

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13 Jun 2016 12:32

Sable Mining Africa CEO Denies Liberia Allegations By Global Witness

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10 Jun 2016 22:06

Sable Mining CEO says Liberia indictment 'politically motivated'

MONROVIA, June 10 (Reuters) - Sable Mining Chief Executive Officer Andrew Groves said on Friday that his indictment this week by a grand jury in Liberia in relation to a corruption investigation was politically motivated. President Ellen Johnson Sirleaf last month ordered an inquiry into Lo

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9 Jun 2016 22:12

Liberia indicts Sable Mining chief executive over alleged bribery scandal

MONROVIA, June 9 (Reuters) - A grand jury in Liberia indicted on Thursday the chief executive officer of the London AIM-listed Sable Mining, Andrew Groves, in connection with an alleged bribery scandal involving several senior Liberian officials, the head of a special task force said. Presi

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26 May 2016 11:22

Sable Mining Africa probes bribery and corruption reports

(ShareCast News) - Sable Mining Africa, the company founded by ex-England spin bowler Phillipe-Henri Edmonds, has confirmed it is investigating allegations of bribery and corruption made against the company in Liberia. The AIM-listed, sub-Sahara-focused outfit, run by Edmonds and longtime business p

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26 May 2016 10:27

Sable Mining Investigating Bribery Allegations In Liberia

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20 May 2016 18:07

Guinea says to work with Global Witness over corruption allegations

* Global Witness alleges Sable Mining provided bribe money * Sable Mining denies wrongdoing * Guinea, Liberia launch probes into allegations By Saliou Samb CONAKRY, May 20 (Reuters) - Guinea will work with Global Witness to gather evidence for a judicial investigation into

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15 May 2016 21:46

Guinea to take legal action against Global Witness -president

By Saliou Samb CONAKRY, May 15 (Reuters) - Guinea will take legal action against watchdog group Global Witness over a report that said Sable Mining Africa Ltd financed President Alpha Conde's election campaign in 2010, the president said on Sunday. The legal action would aim to force

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14 May 2016 18:30

UPDATE 1-Guinea Justice Ministry to examine Sable Mining permits

(recasts with justice minister's comment, changes dateline to Conakry) CONAKRY, May 14 (Reuters) - Guinea's justice minister said on Saturday he was ordering an examination of how Sable Mining Africa Ltd won its mining permits, citing allegations of corruption in a report by watchdog group

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14 May 2016 10:37

Guinea mines minister asks for investigation into Sable Mining

ABIDJAN, May 14 (Reuters) - Guinea's mines minister said on Saturday that he had asked the justice ministry to investigate how AIM-listed Sable Mining Africa Ltd won its mining permits. "I have asked the Justice Ministry to take all necessary measures to examine all of the permits held in t

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