GMA Resources (LON:GMA) continued its recent surge with its shares up by nearly 60% in late afternoon trading.

GMA said that following its announcement on 4 February about a proposed capital reorganisation, it has issued 106 ordinary shares which are expected to start trading on AIM on 21 February. On admission, GMA will have 618,003,000 ordinary shares in issue.

Thor Mining (LON:THR) was another strong riser after it said it had accepted a committed offer for a three-year term A$1m secured debt facility from a private sophisticated investor.

The key terms of the facility are as follows:

* The Facility will be made available in two equal tranches. The first tranche of A$500,000 is available following execution of the formal documentation (expected within 2-3 weeks) and satisfaction of customary conditions precedent until 31 March 2013 (or, if later, 30 days after execution of the formal documentation). The second tranche of A$500,000 will be available following satisfaction of additional customary conditions precedent until 30 September 2013.

* Funds drawn under the Facility are principally to be used to fund exploration and development expenditure on Thor's Molyhil Tungsten/Molybdenum Project and the Spring Hill Gold Project, both located in Northern Territory, Australia ("Projects"), and the Company's working capital requirements.

* The interest rate applicable to the Facility is 7% pa, payable 6 monthly.

* Thor will issue the lender with tranches of 3 year options to subscribe for CDIs which, if exercised, would raise funds equivalent to the A$1 million face value of the Facility. The options will be issued in the following tranches and at the following exercise prices:

- Tranche 1 Options - by the date that is 60 days after the drawdown of tranche 1 of the Facility, Thor will issue the lender a number of options equal to the aggregate of 100% of the face value of that tranche (A$500,000) divided by an exercise price set at a 20% premium to the 30 day Volume Weighted Average Price ("VWAP") of Thor CDIs prior to the option issue or, if an offer to shareholders is made within that 60 day period, the price per CDI at which that offer is set (with an adjustment for the value of any options which may be issued under that offer) or,

- Tranche 2 Options - on draw down of tranche 2 of the Facility, Thor will issue the lender a number of options equal to 75% of the face value of that tranche (A$375,000) divided by a strike price set at a 20% premium to the 30 day VWAP of Thor CDIs prior to the date of drawdown.

- Commitment Options - as consideration for the lender's commitment to provide the Facility, Thor will also issue at the time of issue of the Tranche 1 options, a number of options equal to 25% of the face value of tranche 2 of the Facility (A$125,000) divided by an exercise price that is the same as the Tranche 1 options.

The issue of the options, and the subsequent exercise of options, will not be conditional upon shareholder approval.

* The Facility will be repayable in full on the earlier of 36 months from first draw down, the sale of Thor's interest in the Projects, initial draw down under a project financing facility, or failure of certain conditions subsequent to draw down of the tranche 1 of the facility. Additionally, if Thor sells any of its assets (other than its interest in the Projects) and the aggregate cash proceeds received by Thor from the sale are greater than A$1.0m, it will be obliged to direct 50% of those proceeds towards loan repayment. Proceeds from the exercise of the options must be directed towards the repayment of the outstanding loan, if any. There are no penalties for early repayment of the Facility.

* The Facility will be secured against Thor's interest in tenements at Molyhil and Spring Hill.

Executive chairman Mick Billing said: "We are very pleased to have secured this facility which demonstrates investor confidence in Thor and our projects. It will allow us to confidently plan ongoing activities, including work which has the potential to add to project life and value at Molyhil, and follow up promising exploration opportunities at Molyhil, Spring Hill and Dundas."

Gold and platinum firm Pan African Resources' (LON:PAF) acquisition of Evander Gold Mines Ltd from Harmony Gold Mining Company Ltd for Rand1.5bn has become unconditional.

"In addition to the 100koz of annual gold production, Evander also provides Pan African with a project pipeline that provides for significant growth possibilities and flexibility," Pan African said in a statement.

The acquisition will more than double Pan African's gold production.

Mining group Anglo American (LON:AAL) announced underlying EBITDA of $8.7bn and an underlying operating profit decrease to $6.2bn for the year to end-December. Financial results were driven lower by weak commodity prices.

Group underlying operating profit of $6.2 billion, decreased by 44%.

Underlying earnings were $2.8 billion and underlying EPS was $2.26.

Following one-off impairments, the loss attributable to equity shareholders was $1.5 billion.

Final dividend increased by 15% to 53 US cents per share, bringing rebased total dividends for 2012 to 85 US cents per share, a 15% increase.

Net debt was $8.6 billion at 31 December 2012 (pro forma net debt of $9.3 billion).

Anglo said it is regrettable that 13 employees lost their lives in work related incidents - safety programmes continuing to drive for zero harm with 70% reduction in fatalities since 2006.

There was a 48% improvement in lost time injury frequency rate since 2006.

Minas-Rio project cost and schedule review confirms FOOS end of 2014 and $8.8 billion expected capital expenditure (including $0.6 billion contingency) - $4.0 billion post-tax impairment.

Platinum industry currently facing challenging economic conditions- $0.6 billion post tax impairment in 2012 on projects. Platinum proposed restructuring to create a sustainable, competitive and profitable business.

Cynthia Carroll, CEO, said: "As a result of markedly weaker commodity prices, ongoing cost pressures and an operating loss in our platinum business, Anglo American reported an underlying operating profit of $6.2 billion, a 44% decrease. Underlying EBITDA decreased by 35% to $8.7 billion and underlying earnings decreased by 54% to $2.8 billion.

"Our safety performance has always been my first priority and our efforts continue to build on the progress we have made since 2006, both in terms of lives lost and lost time injuries sustained. I am deeply saddened that 13 of our colleagues lost their lives in 2012 - a constant reminder that we must persevere to achieve zero harm.

"Anglo American continued its drive for strong operational performance throughout 2012 in an environment of tough macroeconomic headwinds and a number of industry-wide and company specific challenges. Record volumes of metallurgical coal, achieving benchmark equipment performance levels, and of iron ore and increased volumes of export thermal coal and copper helped to offset the impact of illegal industrial action, declining grades and higher waste stripping.

"The new mining operations and expansions delivered and commissioned during 2011 contributed to production growth and generated $1.2 billion of underlying operating profit. The Los Bronces expansion contributed 196kt of copper in 2012 and has achieved full ramp-up since August 2012, while Kumba's Kolomela mine exceeded expectations by producing 8.5 Mt for the year - both considerable achievements - while we have been slowly ramping up Barro Alto.

"Beyond organic growth, we have completed our acquisition of the Oppenheimer family's 40% interest in De Beers, taking our holding to 85%. In Chile, our joint ownership of Anglo American Sur (AA Sur) with Codelco, Mitsubishi and Mitsui, while we retain control of the business, firmly aligns our interests in one of the most exciting producing and prospective copper ore bodies in the world - the Los Bronces district. During the year, we also increased our shareholding in Kumba Iron Ore, lifting our ownership by 4.5% to 69.7%, reflecting our view on the quality of the business and its highly attractive performance and growth profile. Our divestment programme has generated proceeds as announced of $4.0 billion on a debt and cash free basis, which excludes $7.4 billion cash generated from the sale of 49.9% of AA Sur. In line with our divestment programme of non-core businesses as set out in October 2009, I am delighted that Tarmac's UK joint venture with Lafarge was completed in January 2013, creating a leading UK construction materials company with significant synergies expected.

"We are focused on delivering shareholder value and returns through the cycle by maintaining a prudent and disciplined approach to managing our businesses and capital allocation. Despite the macroeconomic headwinds and likely sustained higher capital and operating cost environment for the industry, we are committed to returning cash to shareholders and have recommended an increase to our final dividend of 15% to US 53 cents per share, bringing total dividends for the year to US 85 cents per share, a 15% increase. This reflects our confidence in the underlying business and completes the reinstatement journey to rebase our dividends to be competitive with our diversified peers.

"We recorded impairments totalling $4.6 billion (post-tax) in relation to Minas-Rio and a number of platinum projects that are uneconomical, which is disappointing. In Platinum, we completed our review in January 2013 and have put forward proposals to create a sustainable, competitive and profitable platinum business. We, of course, regret the potential impact on jobs and communities and have designed an extensive social plan to more than offset any such impact. In Brazil, Minas-Rio is a world class iron ore project of rare magnitude and quality, representing one of the world's largest undeveloped resources. The published resource has increased more than fourfold since acquisition, of which we have subsequently converted 1.45 billion tonnes to Ore Reserves; we anticipate increases in the resource confidence and further conversion of resources to reserves through our on-going infill drilling program. Despite the difficulties we have faced that have caused a significant increase in capital expenditure, we continue to be confident of the medium and long term attractiveness and strategic positioning of Minas-Rio and we remain committed to the project. The first phase of the project will begin its ramp-up at the end of 2014, with operating costs expected to be highly competitive in the first quartile of the FOB cash cost curve, generating significant free cashflow for many decades to come.

"We continue to sequence investment by prioritising capital to commodities with the most attractive market dynamics and projects with the lowest execution risks. The 5 Mtpa Grosvenor metallurgical coal project in Australia is under way and on schedule while, in Peru, successful completion of our community dialogue process at the Quellaveco copper project will allow us to target submission to the Board for approval in 2013.

"Looking ahead, recent months have brought a degree of renewed optimism to the economic prospects. While European and Japanese economic activity remains weak, recent policy changes ought to stimulate growth in 2013. Alongside a continuing recovery in the US, we expect robust growth in the major emerging economies - especially China and India - as they benefit from continuing urbanisation. Rising living standards and an expanding middle class should support demand for our products across our diversified mix."

SoGold (LON:SOLG) has received a notice dated Feb. 15, 2013, requisitioning a general shareholder meeting to consider the removal of Cameron Wenck as a director of the company

The notice was received from a shareholder with a stake that equates to voting rights of more than 5%. It was compliant with the requirements of the Companies Act.

Meeting materials would be duly prepared next week and circulated to shareholders.

Anglesey Mining (LON:AYM) said in the near term its opertaions would focus on its State-1 deposits, including the James Mine, five smaller satellite deposits and some historical stockpiles.

It believed that sufficient confidence levels exist to resume normal operations in April 2013.

The company had previously said the resumption of mining operations in April 2013 would depend on a number of inter-related factors including being reasonably confident that the forecast world iron ore prices would remain around $110, or higher, on a CFR China basis at least for the 2013 operating season.

The company was targeting about 1.7-2.0 million wet tonnes of saleable iron ore production in 2013.

Cash operating costs in 2013, consisting of mining, processing, rail and transportation and site general and administrative costs, are expected to be approximately $65-$70 a tonne of product sold, unloaded at the Port.

During the third quarter to end-December, the company sold three shipments totalling 425,500 dry tonnes of iron ore and recognised revenue of $24.7 million from the sale of these shipments.

"Revenue for the third quarter was negatively impacted by low realized iron ore prices," it said.

For the quarter ended Dec. 31, 2012, Anglesey booked a loss of $16.1 million, or $0.19 a share, which included a depletion and depreciation charge of $5.1 million or $0.06 a share.

Forte Energy (LON:FTE) has entered into a ã10m equity financing facility with Darwin Strategic, a majority-owned subsidiary of Henderson Global Investors' Volantis Capital.

Separately, Forte Energy also confirmed that talks are continuing that may or may not result in a corporate transaction.

The company expects to be in a position to fully inform the market and resume trading on ASX during the course of next week.

Managing director Mark Reilly said: "We are delighted to receive support from Darwin Strategic and the fund management team at Henderson Volantis.

"This new ã10m facility gives Forte Energy access to efficient, cost effective financing, as needed. The facility can be used entirely at our discretion.

"The EFF provided by Darwin and Henderson Volantis allows us to maximize the value of new and existing opportunities while considerably reducing future financing risk.

"Darwin's EFF allows us to continue to build on our strong institutional shareholder base by allowing its parent fund Henderson Volantis to invest directly via a draw down."

The sector's biggest faller was Sunkar Resources (LON:SKR) - down by more than 11% in late afternoon trading.

At 4:22pm:

(LON:AAL) Anglo American share price was +32.25p at 2045.25p

(LON:AMI) American Investment Trust share price was -3.12p at 330.38p

(LON:AQP) Aquarius Platinum share price was -2.62p at 65.38p

(LON:AYM) Anglesey Mining share price was -0.09p at 9.16p

(LON:BEM) share price was +0.26p at 12.88p

(LON:BKY) share price was +2.25p at 30.5p

(LON:CEY) Centamin Egypt Ld share price was +0.13p at 59.83p

(LON:CHL) share price was +0.01p at 8.63p

(LON:CZA) share price was +0.13p at 18.38p

(LON:FDI) Firestone Diamonds share price was +0.01p at 3.13p

(LON:FRES) share price was -105.5p at 1549.5p

(LON:GEMD) share price was +1.63p at 171.63p

(LON:GMA) GMA Resources share price was +0.06p at 0.17p

(LON:HOC) share price was -6.8p at 440.9p

(LON:KMR) Kenmare Resources share price was +0.63p at 36.63p

(LON:PAF) Pan African Resources share price was 0p at 18.75p

(LON:THR) share price was +0.05p at 0.53p

(LON:VED) Vedanta Resources share price was +17.5p at 1299.5p