Viking Ashanti Ltd

Type: Company
Name: Viking Ashanti Ltd
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

Viking Mines : Exclusivity Agreement Extended Akoase Gold Project, Ghana

Release date- 30092014 - Viking Mines Limited (ASX: VKA) advises that it has extended the Exclusivity Agreement with Ghanaian company Akroma Gold Co. Ltd in relation to Viking's 100% owned Akoase gold project in southern Ghana for a further 30 days to ... [Published 4 Traders - Oct 01 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

29.09.14: Exclusivity Agreement Extended - Akoase Gold Project, Ghana

Viking Mines Limited (ASX: VKA, the "Company" or "Viking") advises that it has extended theExclusivity Agreement with Ghanaian company Akroma Gold Co. Ltd ("Akroma") in relation to Viking's100% owned Akoase gold project in southern Ghana for a further ... [Published Noodls - Sep 30 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Viking Mines to complete acquisition of Auminco Mines

Viking Mines vikingmines.com/Full Viking Mines profile hereViking Mines Ltd (formerly Viking Ashanti Ltd) (ASX:VKA) was established in 2007 to explore for, develop and mine mineral deposits in Ghana, West Africa. The Company holds more than 250 sq km ... [Published Proactive Investors Australia - Sep 29 2014]
First reported Jul 07 2014 - Updated Jul 08 2014 - 1 reports

Viking Mines signs third coal supply MoU for Berkh Uul project

Viking Mines  ( ASX:VKA ) has signed a third future coal supply agreement with a Mongolian state-owned joint stock industrial company for its Berkh Uul Bituminous Coal Project in northern Mongolia.This further reinforces the industrial demand for high ... [Published Proactiveinvestors United Kingdom website - Jul 07 2014]
First reported Jun 26 2014 - Updated Jun 26 2014 - 1 reports

Viking Mines signs second coal MoU with Mongolian power authorities

Viking Mines  ( ASX:VKA ) has signed a second future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.This further validates the rationale for Viking to takeover Auminco ... [Published Proactiveinvestors United Kingdom RSS feed - Jun 26 2014]
Entities: Coal, Mine, Mongolia
First reported May 21 2014 - Updated May 21 2014 - 1 reports

Viking Ashanti changes name to Viking Mines

Viking Ashanti  ( ASX: VKA ) has changed its name to  Viking Mines  from 26 May 2014 following shareholder approval of 2 May, reflecting the acquisition of Auminco Mines. The company’s ASX ticker code remains unchanged.Viking had last week received ... [Published Proactiveinvestors United Kingdom website - May 21 2014]
First reported May 15 2014 - Updated May 15 2014 - 1 reports

Viking Ashanti close to wrapping up takeover of Auminco

Viking Ashanti  ( ASX: VKA ) is drawing closer to securing full control over takeover target Auminco Mines after receiving acceptances for 97.08% of the unlisted coal development company.The takeover offer period has been extended a further 14 days ... [Published Proactiveinvestors United Kingdom website - May 15 2014]
First reported May 05 2014 - Updated May 06 2014 - 1 reports

Viking Ashanti, Auminco sign coal MoU with Mongolian Govt power authority

Viking Ashanti  ( ASX: VKA ) and its 92.69% owned subsidiary Auminco Mines have clinched a future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.This is a significant ... [Published Proactiveinvestors United Kingdom RSS feed - May 05 2014]

Quotes

The information in this report concerning the Mineral Resources of Viking Mines is extracted from the report entitled "12% Increase to 790,000 oz in Gold Resource for Ghana Project " created on 4 October 2013 and is available to view on Viking Mines website at www.vikingmines.com
"This MOU provides further evidence of the potential customer base for Berkh Uul’s coal.”Background to DTTPDTPP is a Mongolian Government entity and is the major supplier of electricity to Mongolia’s second largest city, the commercial and industrial centre of Darkhan, and the northern region of Mongolia.Currently the DTPP consists of a 47 Megawatt power plant that consumes approximately 400,000t of coal per year. An upgrade to add an additional 35 Megawatt capacity is due for completion in 2015.The additional capacity will increase coal demand to approximately 600,000t per year.DetailsThe non-binding MOU, signed with Auminco’s Mongolian subsidiary BRX LLC relates to the intent by DTPP to enter into future purchase agreements for BU Project coal.It also establishes a basis for technical evaluation of the quality and quantity of coal prior to price negotiation, which includes testing of a 5,000 t bulk sample.The BU Project is located 200km east of Darkhan City, within 40km of rail access to the existing Trans-Mongolian Railway, which provides a transport link to Darkhan to the south and Russia to the north.AnalysisThis milestone agreement although not yet binding can propel development timelines for Berkh Uul and de-risk the project.This could see a fast track the development of Berkh Uul over the next 12 - 18 months to capture the demand for high quality thermal coal from industry (including cement works) and power stations that have developed in northern Mongolian and Siberian markets.We believe that  Viking Ashanti  can develop a small scale operation that could generate a conceptual free cash flow of up to US$3-5 million.Our projected valuation for  Viking Ashanti  is $0.085 to $0.165 per share. This is relative to current share price of $0.042 per share.  There is upside from this valuation as Viking adds a washing plant to Berkh Uul operations, the cost of which is expected to be less than $5 million. "

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All (8) | News (5) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Viking Mines : Exclusivity Agreement Extended A... [Published 4 Traders - Oct 01 2014]
29.09.14: Exclusivity Agreement Extended - Akoa... [Published Noodls - Sep 30 2014]
Viking Mines to complete acquisition of Auminco... [Published Proactive Investors Australia - Sep 29 2014]
Viking Mines signs third coal supply MoU for Be... [Published Proactiveinvestors United Kingdom website - Jul 07 2014]
Viking Mines signs second coal MoU with Mongoli... [Published Proactiveinvestors United Kingdom RSS feed - Jun 26 2014]
Viking Ashanti changes name to Viking Mines [Published Proactiveinvestors United Kingdom website - May 21 2014]
Viking Ashanti close to wrapping up takeover of... [Published Proactiveinvestors United Kingdom website - May 15 2014]
Viking Ashanti, Auminco sign coal MoU with Mong... [Published Proactiveinvestors United Kingdom RSS feed - May 05 2014]
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sort by: Date | Relevance
Viking Mines signs third coal supply MoU for Be... [Published Proactiveinvestors United Kingdom website - Jul 07 2014]
Viking Mines  ( ASX:VKA ) has signed a third future coal supply agreement with a Mongolian state-owned joint stock industrial company for its Berkh Uul Bituminous Coal Project in northern Mongolia.This further reinforces the industrial demand for high ...
Viking Ashanti changes name to Viking Mines [Published Proactiveinvestors United Kingdom website - May 21 2014]
Viking Ashanti  ( ASX: VKA ) has changed its name to  Viking Mines  from 26 May 2014 following shareholder approval of 2 May, reflecting the acquisition of Auminco Mines. The company’s ASX ticker code remains unchanged.Viking had last week received ...
Viking Ashanti close to wrapping up takeover of... [Published Proactiveinvestors United Kingdom website - May 15 2014]
Viking Ashanti  ( ASX: VKA ) is drawing closer to securing full control over takeover target Auminco Mines after receiving acceptances for 97.08% of the unlisted coal development company.The takeover offer period has been extended a further 14 days ...
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