Friday's mining news: Sable nears Nimba resource estimate

Sable Mining Africa announced good progress at its Nimba iron ore project in Guinea, while Xstrata unveiled plans to increase production.

Sable nears maiden Nimba resource estimate

Sable Mining Africa (SBLM) on Friday said it expected a maiden Joint Ore Reserves Committee resource from its Nimba iron ore project in Guinea in the first quarter of 2013.

Sable intends to follow this with completion of a pre-feasibility study, environmental impact assessment submission and mining licence application.

The mine remains the focus for the company, which it believes has near-term direct shipping ore potential.

Sable remains well financed, with $23.4 million (

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Friday's oil and gas news: Max Petroleum restructures finances

Six oil and gas companies, including Max Petroleum and Victoria Oil and Gas, updated investors on Friday. Read on to see what they had to say.

Max Petroleum restructures finances

Max Petroleum (MXP) on Friday confirmed it was proceeding with the closure of its $90 million (

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Police ID victim, suspect in Friday's hotel murder-attempted suicide

Font ResizeLocal NewsBy Jason Pohl
The Denver Postdenverpost.comPosted: 12/15/2012 12:30:03 PM MSTDecember 15, 2012 7:57 PM GMTUpdated: 12/15/2012 12:57:30 PM MST

Police have identified the victim and suspect in Friday night's apparent murder-attempted suicide in Westminster that left a female hotel employee dead and a man gravely wounded.

Police were called to Savannah Suites at 120th Avenue and Mariposa Street around 7 p.m. on a report of gunshots. When officers arrived on scene, they found front desk clerk Antida Archuleta, 20, dead, Westminster police spokeswoman Cheri Spottke said.

The alleged shooter, Seth Wilkinson, 20, was also found with a self-inflicted gunshot wound. He survived his injuries, but his condition remains unknown, according to a Saturday news release.

Both parties were from Brighton, and it is believed the victim and shooter knew each other and had some sort of prior relationship.

At the time of the shooting, parts of the hotel were cordoned off. People staying at the hotel were allowed into their rooms through alternate entrances.

Investigators continue to actively work on the case, and no additional details were immediately available.

Jason Pohl: 303-954-1729, jpohl

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Friday's mining news: Afferro settles tax dispute

Afferro Mining settled a Liberian tax dispute, while Jubilee Platinum announced a tailings-processing agreement in South Africa.

Afferro settles Liberian tax dispute with $10 million payment

Afferro Mining (AFF) has announced the signature of a compromise and settlement agreement with the Liberian government in relation to outstanding tax claims made by the government. The claim relates to the sale of Afferro's 38.5% minority interest in Severstal Liberia Iron Ore to Lybica, an affiliate of Severstal.

The parties have agreed that a single payment of $9.8 million (

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