Arrow, Volt request ASX suspension amid Guinea licence uncertainty
ASX-listed exploration companies Arrow Minerals and Volt Resources have requested the voluntary suspension of their shares from trading, pending an announcement related to their tenements in Guinea.
The suspension follows trading halts requested by both companies on Monday after reports emerged that Guinea’s military-led government had cancelled 51 mining licences. The move is understood to be part of an initiative to reclaim dormant or underutilised concessions.
Arrow on Wednesday said it was not yet in a position to comment on the media reports from Guinea, noting that the trading suspension would remain in place until Friday.
The company holds interests in the early-stage Simandou North iron-ore project, located in Guinea’s premium iron belt, as well as the Niagara bauxite project, situated about 100 km from the Simandou railway corridor.
Volt, meanwhile, has focused its efforts on graphite projects in Ukraine and Tanzania, and last year ceased further expenditure on its gold assets in Guinea. The company subsequently impaired the carrying value of those assets, which are held through subsidiaries KB Gold and Novo Mines.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation