Welcome to Carnegie Minerals Plc



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Carnegie Minerals Plc is an international company quoted on the London Stock Exchange (AIM market code CME, warrant code CMW). The Company was established to develop the SeneGambia Mineral Sands Project and participate in new resource opportunities worldwide.

The SeneGambia Mineral Sands project is a cross border project extending along the coastlines of The Gambia & southern Senegal. It will produce zircon / rutile concentrate for sale at the mine gate. Carnegies 50 / 50 project partner and offtake partner, Astron Ltd then ship the concentrates (bulk in containers) to China for final processing. Washed sand by product is also planned to be sold into the local construction industry. The project is in the construction phase, with first significant concentrate shipments scheduled for the first quarter of 2007.

Carnegies Directors and executive team have considerable experience in acquiring and developing resource projects around the world. This includes extensive Africa experience and operations involving precious metals, precious stones, industrial minerals as well as oil & gas. Their far reaching international network of relationships with individuals, companies and Governments provides a platform for future growth opportunities.



http://www.carnegiemins.com/home.php

http://www.carnegiecorp.com.au/home.php

Carnegie(corp) develops clean energy technologies such as the recently acquired Cleaner Coal Power technology. This follows on from the successful Wave Energy and Pursuit Drive developments.
Carnegie is currently conducting due diligence on a number of revenue-producing clean energy projects globally.

Two good sites with lots if information and photographs : )

Technical Assistance on Mining Matter for The Gambia *new*

Technical Assistance is being provided to the Government of The Gambia in preparing model prospecting and mining licences under the new mining law of Gambia. This was a recommendation from earlier assistance provided by the Commonwealth Fund for Technical Cooperation in 1999-2001. The project will also be reviewing and advising on applications from an Australian mining company, for licences to carry out mineral operations, including mining of heavy minerals and exploration.

SASD will assist The Gambia to develop model licences/agreements containing terms consistent with the new Mines and Quarries Bill awaiting enactment and other relevant legislation. Model licences/agreements set out a basis on which the Government grants mineral rights to explore for and mine minerals in The Gambia and are essential for the promotion of mineral investment.

SASD will also assist The Gambia to carry out a review of the applications received from the Australian mining company for prospecting and mining licences in order to identify and comment on any legal, economic and technical issues and provide support to the Government in negotiating licence terms. The negotiation of terms acceptable to both parties will allow investment to proceed and send out a strong positive signal to the international investment community.

Of Interest :

The Gambia, a small enclave surrounded by Senegal on the west coast of Africa, has little to offer in the commodities sector, apart from heavy mineral sands which were last mined in the 1950s. At a 3% cut-off, the resource is estimated at containing 9 Mt grading 8.6% heavy minerals. The heavy mineral concentrates average 70% ilmenite, 15.9% zircon, 3.3% rutile and the remainder gangue. However, it is not known to what extent the palaeo beach deposits have been investigated. Australian Carnegie Corporation is currently investigating the Brufut deposits located along the coast. Here a stockpile of some 11 000t of zircon has been acquired, along with an identified resource containing approximately 900 000t. The Government of Gambia has a 49% interest in the venture.

Other than this, The Gambia produces industrial minerals for local consumption.

Mineral Policy and Legislation

Since the 1950s when mining of the known deposits of titaniferous beach sand was stopped, there has been no mining activity of any scale in Gambia. The emphasis of the governments policy has therefore been on conducting geological surveys, investigations and explorations in order to ascertain the mineral resources potential of the country as well as the planning of their exploitation.

A new Mineral and Mining Act is being considered for promulgation shortly. The provisions of the Act will include, rules to govern the operations relating to the exploration, prospecting and mining of the available mineral resources of the country and the regulation of such operations as regards the payment of fees e. g. rent and royalties; prospecting licence and prospecting right as well as mining right and water right. The secretary of State responsible for mining activities will be the main authority for the determination of the various rates to be paid in respect of royalties and fees.

All land and mineral resources therein belong to the State and their exploitation and use are controlled by the competent government departments, namely the State Department of Trade, Industry and Employment. Mining rights, in particular, will be granted under the provisions of the proposed legislation of State Department charged with responsibility for mining activities.

The existing conditions governing mining operations are as follows:

License Types



Exploration Permit ... Mining Lease


Period 1 year . .. ... . 25 years



Renewal 1 year . .. ... 25 years



Reduction None


With Luck will soon be off & going up again :)

Ooops!


arnegie Minerals suspends operations
Wednesday, January 16, 2008, 09:19 AM
Shares in Carnegie Minerals (AIM:CME) fell 40% to 3 pence after the company announced the suspension of all mining operations in Gambia. The halt was prompted by a letter received from The Geological Department of The Office of The President of Gambia requesting a stop to all operations until further information regarding "minerals mined and laboratory results".

Carnegie Minerals said it believes that it is in compliance with all terms of its mining licence, but would adhere to the request.

AIM THANKS but was posted on 16th !

Carnegie Minerals plc
01 February 2008




CARNEGIE MINERALS PLC
('Carnegie' or the 'Company')

Issue of Equity and Notice of Extraordinary General Meeting


The Board of Carnegie Minerals Plc (AIM - CME), the mineral sands resource
company with production interests in The Gambia and advanced exploration in
adjoining Senegal, is pleased to announce that it has raised 1,130,000 (before
expenses) through a placing to institutional and other investors at 4p a share.


A Circular has been sent to Shareholders to convene an Extraordinary General
Meeting for the purposes of passing resolutions to enable the proposed Capital
Raising to be effected.


Background to and reasons for the Capital Raising


Since Carnegie's admission to AIM in August 2006, Carnegie's mineral sands
business has continued to grow in West Africa. At the same time, the Company
has progressed new synergistic opportunities that we believe hold great
potential for the Company going forward.

In Senegal, Carnegie's exploration identified a high grade ore reserve at the
Niafarang deposit. The Company therefore plans to develop Niafarang, which is
50% funded by our joint venture partner Astron Ltd ('Astron') and 50% funded by
the Company, with the aim of bringing the project into production in early 2009.
The Company also recently undertook a significant exploration drilling
programme in the northern and southern parts of the licence area. Based on the
assay results available to date, which highlighted mineralisation intersections
in these previously untested areas, the Company plans to follow-up exploration
as well as drill testing in the eastern part of the licence area where
identified geophysical targets were not drilled during this programme due to the
onset of the rainy season.


With the positive exploration results received so far, the Company has also been
investigating further mineral sands potential in the region. Additionally, the
Company has been actively assessing a number of opportunities in other
geographical regions; both in industrial minerals and other commodities that it
believes will complement the existing projects and contribute to the future
success of the Company.


With the positive exploration results in Senegal, the Company wishes to raise
further funds to enable the Company to maintain its contributing interest in
that country and to follow up the other high potential initiatives.



Additionally, to allow the Company to issue Ordinary Shares in consideration for
existing warrants and options and to provide the Board with flexibility for
further fundraisings in the future, authority is being sought at the EGM to
issue a number of Ordinary Shares other than on a pre-emptive basis. By passing
the resolution to provide the Board with such authority, the Company will be
able to rapidly exploit investment and financing opportunities that present
themselves to the Company, in a cost-effective manner.


Gambia update

In The Gambia, all development and operating expenditure is funded by the
Company's 50% joint venture partner, Astron. Four production units have been
commissioned and an official mine site opening held in July 2007. Production
rates were increasing in line with expectations and a second stage concentrator
was scheduled to be commissioned this year with a resulting increase in revenues
expected.



On 16 January 2008, the joint venture company received an instruction from the
Government of The Gambia directing it to cease all operations and to provide
certain information in relation to production, grades and prices. An additional
letter with a request of further information was received by the company on 18
January 2008. Both letters received from The Gambian Government required the
information requested to be supplied within 24 business hours in default of
which there would be a risk of the cancellation of the Gambian joint venture
company's licence and other potential action. The Company responded to each of
the letters within the prescribed time limits. The Company has not received any
notice from The Gambian Government that the licence has been cancelled. The
Company believes it has supplied all the required information including
independent SGS laboratory assays and offered to fund an independent industry
expert to assist them in interpreting these results. As at the date of this
circular, we await the Gambian Government's response. Given the uncertainty over
the Gambian licence that this action has produced, the Board has decided to take
the most prudent approach available to it and provide fully against the carrying
value of the Gambian assets on its balance sheet.



Given this new development in The Gambia's risk profile, a full provision
against the Company's Gambian assets will remain, even in the event the
Government of The Gambia allows the joint venture company to fully resume its
operations.



Following the supply of the necessary information to the Gambian Government, the
Company awaits a response. Whilst the Company is making arrangements to meet
with the Gambian Government in order to resolve any concerns, the Board
currently has no indication or visibility on the timing of the response from the
Gambian Government on this issue. The Company will make further announcements as
appropriate when responses from the Gambian Government are received.



Details of the proposed Capital Raising

Blue Oar has, on behalf of the Company, conditionally placed a total of
28,250,000 Placing Shares at the Placing Price, to an existing substantial
shareholder, RAB, and additional institutional and other investors, to raise
1,130,000.



In addition, 28,250,000 New Warrants will be issued to Placees on the basis of
one New Warrant for every Placing Share subscribed.



The Capital Raising is conditional, inter alia, upon:



the passing of the Resolutions at the EGM;

the Placing Agreement becoming unconditional; and

Admission having become effective on or before 26 February 2008 (or such
later date as Blue Oar and the Company may agree, not being later than 29
February 2008).



The Placing is not being underwritten, in whole or in part, by Blue Oar or any
other party.



The Placing Shares

The Placing Shares will, when issued, rank equally in all respects with the
other Ordinary Shares then in issue, including all rights to all dividends and
other distributions declared, made or paid following Admission.

Application will be made for the Placing Shares to be admitted to trading on
AIM. It is expected that trading in the Placing Shares will commence on 26
February 2008.



The New Warrants



The Company has created 28,250,000 New Warrants on the terms of the New Warrant
Instrument, which will be issued to Placees on Admission on the basis of one New
Warrant for every Placing Share subscribed for. Each New Warrant entitles the
holder to subscribe for one Ordinary Share. Subject to their terms, the New
Warrants are exercisable at any time prior to the fifth anniversary of the date
of Admission at a price of 6p per Ordinary Share. The New Warrants will not be
admitted to trading on AIM but are freely transferable.



Use of Proceeds



Proceeds from the proposed Capital Raising are planned to be used to fund:



Carnegie's 50% share of an environmental impact study at the Niafarang
deposit in Senegal and other statutory procedures to convert the deposit
area into a mining title;
Carnegie's 50% share of further exploration including drilling in Southern
Senegal;
Continued regional investigations; and
Investigation of new projects in other geographical regions identified as
highly prospective with low sovereign risk.



In the event that the joint venture company is able to convert the Niafarang
portion of the title in Senegal to a mining title in a timely manner, then
additional funding would be sought to facilitate the development of this deposit
at that time.



Extraordinary General Meeting



The EGM will be held at 10.00 a.m. on 25 February 2008 at the offices of Memery
Crystal LLP, 44 Southampton Buildings, London SC2A 1AP.



Recommendation

RAB is a substantial shareholder (as defined) under the AIM Rules. The Placing
therefore constitutes a related party transaction for the purposes of the AIM
Rules. The Directors, having been so advised by Blue Oar, the Company's
nominated adviser, consider that the terms of the Placing are fair and
reasonable insofar as the Shareholders are concerned. In providing advice to the
Board, Blue Oar has taken into account the Directors' commercial assessments.



The Directors consider that the Capital Raising is in the best interests of the
Company and its Shareholders as a whole and accordingly recommend that
Shareholders vote in favour of the Resolutions, as they intend to do in respect
of their own shareholdings, amounting in aggregate to 250,000 Ordinary Shares
(representing approximately 0.45 per cent. of the current issued share capital
of the Company).

Carnegie Minerals says raises 1.13 mln stg via institutional placing
AFX


LONDON (Thomson Financial) - Carnegie Minerals PLC said it raised 1.13 mln stg (before expenses) through a placing of 28.25 mln shares to institutional and other investors at 4 pence a share.

Proceeds from the placement are planned to be used to fund Carnegie's 50 pct share of an environmental impact study at the Niafarang deposit in Senegal, drilling in Southern Senegal and other purposes.

The mining company said it plans to develop the Niafarang deposit where it has identified high grade ore reserve, aiming to bring the project into production in early 2009.

With the positive exploration results in Senegal, the company said it intends to raise further funds to enable the group to maintain its contributing interest in that country and to follow up the other high potential initiatives, Carnegie said.





TFN.newsdesk@thomson.com

Carnegie Minerals plc
11 March 2008

11 March 2008


Carnegie Minerals Plc ('Carnegie' or the 'Company')

Announces research and development agreement with USGS

Carnegie Minerals Plc (AIM - CME), the international mineral resource company
with interests and advanced exploration in Senegal, has announced that it has
entered into a Cooperative Research and Development Agreement (CRADA) with the
U. S. Geological Survey (USGS), an agency of the United States Government.

The objectives of the collaboration are to:

define areas with potential for mineral deposits containing metals such
as titanium, iron, zirconium and rare-earth elements;
enable researchers from both parties to interpret geologic terranes
favourable for staged field geological investigations;
further test modelling methods developed by the USGS that integrate
geologic, geochemical, and geophysical indicators; and
assess mineral resource potential using synthesis and analysis of USGS
geosciences databases.

The domestic and international locations jointly selected for study support both
USGS's mission to assess the mineral resources of the US and the world and
Carnegie's exploration strategy. The benefits of this exchange include sharing
of data, the refinement of mineralogic methods, and an expanded suite of
mineralogic and chemical data for the US national-scale assessments.

Under the terms of this 3-year joint project, slated to begin in March of 2008,
Carnegie is providing approximately USD1million in cash and in-kind services in
the form of labour, external consulting and contractual costs to the project.
The USGS is providing in-kind resources in the form of labour, equipment,
facilities, information, and computer software estimated at USD225,000.

Alan Hopkins, Managing Director of Carnegie Minerals plc, said:

'We are very pleased to be able to announce this project with the USGS; they
have been at the forefront of mineral deposit research for over 125 years and
the opportunity to work in the USA is an extremely attractive one for us.'

'This move is in line with the Company's strategy to use the state-of -the-art
techniques to investigate and develop new projects in highly prospective
geographical regions with low sovereign risk; in addition to continuing our
exploration efforts in Senegal and fast tracking the conversion of the Niafarang
deposit area into a mining title.'

'Carnegie is now moving to the next stage of its development as an international
player in the production of minerals and we look forward to updating the market
as to our progress in the months to come.'

- Ends -

Carnegie Minerals plc
16 April 2008



16 April 2008


Carnegie Minerals Plc ('Carnegie' or the 'Company')

Board changes

Carnegie Minerals Plc (AIM - CME), the international mineral resource company
with interests and advanced exploration in Senegal and strategic partnerships in
the USA, announces that Alan Burns, as part of a broader scaling back of his
business interests, is retiring as Non-Executive Chairman of the Company.
Timothy Jones will take over the role of Non-Executive Chairman with immediate
effect whilst also retaining overall responsibility for the Company's finance
function.

Alan Hopkins, Managing Director of Carnegie Minerals plc, said:

'We would like to thank Alan for all his efforts over the years with Carnegie
Minerals, from founding the Company, leading us through IPO and beyond as a
listed business. Alan is retiring as part of a wider scaling back of his
directorships in order to concentrate on his renewable technology business
interests.


'Timothy Jones has done a magnificent job as the Finance Director and we look
forward to working with him in his extended role of Non-Executive Chairman.'

Carnegie Minerals plc
07 May 2008




Carnegie Minerals Plc ('Carnegie' or the 'Company')
Preliminary results for the year ended 31 December 2007


Carnegie Minerals Plc, the mineral sands resource company, is pleased to
announce audited results for the year ended 31 December 2007.


Highlights


Senegal (50/50 contributing Joint Venture with Astron Ltd)

Drilling of the first target at Niafarang resulted in a relatively
small but high grade Indicated Mineral Resource being calculated for this
deposit. Planning for an environmental impact study over this area is well
advanced.

Many of the priority exploration targets generated by the airborne
geophysical survey were drilled resulting in several new mineralisation
intersections.

Many targets are still to be drilled in the licence area.


USA

Since the year end, a Cooperative Research and Development Agreement
has been entered into with the United States Geological Survey (an agency
of the United States Government). This agreement seeks to help both parties
identify areas with high potential for mineral deposits containing titanium,
iron and zirconium.


Other

Since the year end, the Company's 50% free carried interest in The Gambia
project has entered a significant dispute with the Gambian Government.
This is currently the subject of legal actions from both sides, but the
project's carrying cost is fully provided for. The possible restart of
operations here is uncertain at the time of writing.


The Chairman, Timothy Jones, said:

'Whilst 2007 saw continued good progress, with developing production in The
Gambia and encouraging results from our evaluations of the Senegal deposits, a
dispute with the Gambian Government early in 2008 has created uncertainty as to
the future of the Company's Gambian operations. The directors view the Gambia
as a relatively small part of the Company's potential growth going forward and
have taken immediate steps to refocus the Company's efforts in areas of greater
stability whilst continuing to follow up exploration results in Senegal.'




For further information, call:

Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113
Romil Patel / Olly Cairns, Blue Oar Securities Plc 020 7448 4400 / 61 8 6430 6431
Billy Clegg /Edward Westropp, Financial Dynamics 020 7831 3113



Chairman's statement

A year of good progress has been overshadowed by an ongoing dispute between The
Gambian Government and our joint venture company in that country. In January
2008, operations were suspended by The Gambian Government who subsequently
cancelled the mining licence. The allegations that the joint venture company
has been commercially mining titanium, iron ore and uranium from its mineral
sands licence are strongly refuted. It has previously been made clear to The
Gambian Government that a component of mineral sands is titanium and iron oxide
and that trace amounts of uranium of no commercial value are usual for such
deposits. This action has reinforced the Company's planned next phase to seek
high potential projects in low sovereign risk areas.

Of great concern to us is the withholding of the passport of Charlie Northfield,
the in country manager for The Gambian joint venture company, by the Gambian
authorities. Carnegie is working to the utmost to regain Charlie's full freedom
and have the strongly disputed charges of economic crimes against him and the
joint venture company dropped.

In financial terms, by accounting for our share of the joint venture losses and
by writing off the associated goodwill, we have eliminated the entire value of
the project from the group balance sheet.

The Company made good progress with its evaluations in neighbouring Southern
Senegal. This resulted in the modelling of a small but high grade mineral sands
deposit at Niafarang with it being categorised as an Indicated Mineral Resource
as defined by the JORC Code 2004.

We also undertook an exploration drilling programme in Southern Senegal over
many of the priority targets identified by our airborne geophysical survey. This
resulted in several new mineralised intersections that have potential for
further investigation. Many of the exploration targets identified within the
licence area have yet to be tested.

Strategically, the Company's goal in this area is to discover further areas of
mineralisation that can significantly add to the explored Niafarang deposit.
These areas in Senegal have not been not subject to any negative Senegalese
Government action.

A significant first step in the refocus of international project work to areas
of lower political risk was the signing in March 2008 of a strategic research
agreement with the US Geological Survey (USGS), an agency of the United States
Government. This co-operation involves combining the Company's resources and
data with USGS data and experience in profiling geologic, geochemical and
geophysical mineral indicators so that the capability of both parties to
identify terrains with high potential for minerals of interest is significantly
improved.

This next generation of scientifically substantiated exploration targets will be
a priority undertaking for the Company. We believe this provides a platform for
the Company to seek and procure quality project involvements in areas where we
have expertise and working together with world leading partnerships in this low
sovereign risk part of the world.


Outlook

With the current turbulent world financial markets and the untimely Gambian
Government action affecting The Gambian project, 2008 poses significant
challenges to our group. Out of adversity also comes the potential to reach
higher levels and certainly the management team is focused on forging new
project opportunities in more stable areas with significant potential while
following up results in Senegal.

We thank all our shareholders who have continued to support the Company during
this period of change and refocus.

Finally, I should like to pay tribute to my predecessor, Alan Burns, who has
retired from the board as part of a broader scaling back of his business
interests. Alan founded the company and led us successfully through IPO and
beyond as a listed business.