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Geopacific raises cash for Cambodia exploration

By: Esmarie Swanepoel     Updated 20 minutes ago Junior metals explorer Geopacific Resources would raise some A$23-million through a share placement and rights issue to fund exploration work at its Kou Sa project, in Cambodia. The ASX-listed company on Friday announced that it would raise an initial A$9-million through the placement of... 

Padbury granted mining lease for Telecom Hill

By: Esmarie Swanepoel     Updated 36 minutes ago ASX-listed Padbury Mining has had the mining lease over its Telecom Hill iron project, in Western Australia, approved. Over the past four years, the company has completed multiple exploration and evaluation programmes at the Telecom Hill project, defining a Joint Ore Reserves Committee... 

Declining South America copper ore grades require ingenuity

By: Dylan Slater Declining ore grades is one of the major challenges faced by copper miners in South America, specifically in Chile, says professional services firm Deloitte. 

Declining South America copper  ore grades require ingenuity
CHRISTOPHER LYON The aim in Chile is to grow copper production by between 3% and 4% yearly

Established miner expands portfolio

By: Dylan Slater Chile-based copper mining group Antofagasta Minerals is currently focusing on bringing its new Antucoya mine on stream, the company tells Mining Weekly. 

Established miner expands portfolio
IVÁN ARRIAGADA Antofagasta Minerals is committed to copper, as it is a commodity that the group knows well

Unesco to conduct mining impact study on world heritage site

By: Megan van Wyngaardt United Nations Educational, Scientific and Cultural Organisation (Unesco) has requested Canada to invite a reactive monitoring mission to conduct an indepth investigation of how Wood Buffalo National Park, in Alberta, is being impacted by hydroelectric and oil and gas development. The park was... 

Unesco to conduct mining impact study on world heritage site
Photo by Wikimedia Commons
Wood Buffalo National Park

Hannans sells exploration database

By: Esmarie Swanepoel ASX-listed junior Hannans Reward has inked an agreement to sell its West Australian exploration database to a subsidiary of fellow-listed Neometals. Under the terms of the agreement, in circumstances where subsidiary Reed Exploration used the database to identify exploration targets, Reed would... 

Avrupa arranges $400 000 private placement

By: Creamer Media Reporter TSX-V-listed Avrupa Minerals has arranged a private placement of four-million units at $0.10 a unit for gross proceeds of $400 000, bringing the funds raised by the company during 2014 and 2015 to $1.5-million. The junior exploration and development company said on Tuesday that it generally... 

Global mining exploration in crisis, but not hopeless – report

By: Megan van Wyngaardt Global mineral exploration is in crisis, but mining companies can turn their exploration performance around. “Finding orebodies is not all about luck and success is not unpredictable. And while some companies struggle to replace depleted reserves, those that act in a countercyclical way – that... 

Global mining exploration in crisis, but not hopeless – report

Bear Creek appoints new investor relations director

By: Sashnee Moodley TSX-V-listed Bear Creek Mining has appointed Barbara Henderson its investor relations director, while she would continue her corporate secretary duties. 

Savannah raises £550 000 to advance Moz JV

By: Natalie Greve Aim-listed Savannah Resources has raised £550 000 through the placing of 21.9-million new ordinary shares at a placing price of 2.5p apiece with both new and existing investors, it said on Monday. CEO David Archer said in a statement that the funding would be directed towards progressing the... 

ABM to buy Tanami exploration licences from Altura

By: Creamer Media Reporter Exploration company ABM Resources announced on Monday that it had entered into a tenement purchase and joint venture (JV) agreement with Altura Mining with the option to buy 90% of nearly 2 000 km2 of exploration licences in the Tanami region of the Northern Territory. “The Tanami region is one... 

First Nickel under TSX delisting review

By: Sashnee Moodley Mining and exploration company First Nickel reported it has received notice that the TSX is reviewing the eligibility of the company’s common shares for continued listing on the TSX. 

First Nickel under TSX delisting review

PearTree appoints new president, head of mining

By: Sashnee Moodley PearTree Securities, a subsidiary of PearTree Financial Services, the originator of flow through donation financing in Canada, has appointed Trent Mell PearTree president and head of mining.  

PearTree appoints new president, head of mining
Trent Mell

Alliance publishes Four Mile Northeast uranium resource estimate

By: Creamer Media Reporter The Four Mile Northeast uranium prospect, in South Australia, has an estimated inferred mineral resource of 7.5-million tonnes, averaging 0.30% uranium oxide (U3O8), containing 50-million pounds of U3O8, Alliance Resources reported on Friday. The remaining exploration potential at the prospect,... 

Mozambique seeks to facilitate miners great and small

By: Keith Campbell Mozambican President Filipe Nyusi has urged the country’s informal miners to organise themselves into associations, to help them overcome the difficulties they face. He was addressing informal miners at Montepuez in Cabo Delgado province in the north of the country. Associations would also reduce... 

New drill research collaboration aims to unlock mineral resources in South Australia

By: Ilan Solomons In a world-first collaboration of mineral explorers, drillers, government and research institutes, the Deep Exploration Technologies Cooperative Research Centre (DET CRC), the Geological Survey of South Australia (GSSA), mineral explorers Minotaur Exploration and Kingston Resources and drilling... 

Dart Mining reviews operations

By: Creamer Media Reporter The board of Melbourne-based explorer Dart Mining has issued its CEO John Cornelius a three-month notice period terminating his employment contract and has started a full review of the company’s operations. The review of Dart Mining’s operations will be conducted by MD James Chirnside, who will... 

ICL completes Allana Potash acquisition, gains strong position in Ethiopia

By: Henry Lazenby Israel-based agriculture, processed food and engineered materials markets orientated firm ICL has completed its C$137-million acquisition of Canadian explorer Allana Potash. The closing on Monday followed approval by Allana's security holders and Ontario's Supreme Court of Justice of ICL's offer... 

Public offered C$1m to find next big gold discovery at Sigma-Lamaque

By: Henry Lazenby TSX-V-listed Integra Gold on Tuesday gave the term ‘data mining’ a whole new meaning with the launch of its Integra Gold Rush Challenge, a form of crowd sourcing, which the company hoped would lead it to the next big gold discovery at its Sigma-Lamaque gold property in Val-d'Or, Quebec. The... 

Public offered C$1m to find next big gold discovery at Sigma-Lamaque

Altura awarded Philippines coal contracts

By: Creamer Media Reporter A subsidiary company of Altura Mining has been awarded two coal operating contracts in the Philippines, bringing the ASX-listed company’s total south-east Asian coal exploration holdings to over 34 000 ha. The contracts are known as Area 4 – Rapu-Rapu and Area 17 – Surigao del Sur. Area 4... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

By: Henry Lazenby Base metals project developer Royal Nickel Corporation (RNC) has appointed Swedbank Norway (Swedbank) as adviser for a senior bond financing of about $600-million, with a five-year maturity, to develop its Dumont nickel project, in Quebec. Swedbank would work closely with RNC to arrange the... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

Paladin gets federal nod to gain majority ownership of Canada project

By: Henry Lazenby The Canadian federal government has approved Australia-based Paladin Energy's application to gain majority ownership of a proposed uranium mine in Newfoundland and Labrador. Natural Resources Minister Greg Rickford on Monday said the Conservative government would welcome the foreign investment... 

Paladin gets federal nod to gain majority ownership of Canada project

Mining industry to refocus metrics and methodologies on long-term efficiency

By: Simon Rees Among analysts, fund managers and investors, questions surrounding liquidity, cash generation and squeezing out productivity gains dominated the conversation on how to best avoid the downcycle’s worst shoals. Many a management had tailored their project and operational metrics in response to... 

Western Areas to buy Glencore’s Cosmos nickel complex

By: Ilan Solomons Nickel miner Western Areas on Friday announced that it would buy the Cosmos nickel complex, in Western Australia, from Glencore subsidiary Xstrata Nickel Australasia Operations. The acquisition would provide Western Areas with substantial additional exploration upside and a potential second... 

Western Areas to buy Glencore’s Cosmos nickel complex

Angola drives forward with its programme to facilitate the mining sector

By: Keith Campbell Angola intends to make itself an attractive site for mining investors, both foreign and local. Part of this process is a programme to overhaul the country’s Ministry of Geology and Mines. “We want to transfer to the Geology and Mines public service an entrepreneurial, enterprising vision and the... 

Nevsun stock climbs on news of massive sulphide discovery

By: Henry Lazenby Canadian base metals producer Nevsun Resources has made a new volcanogenic massive sulphide (VMS) discovery at the grassroots Asheli prospect, on the Mogoraib River Exploration Licence, only 20 km south-west of the existing Bisha processing plant, in Eritrea. The TSX-listed miner’s stock gained... 

Eldorado Gold completes positive feasibility study on Tocantinzinho

By: Henry Lazenby Eldorado Gold has completed a feasibility study on its Tocantinzinho gold project, in Northern Brazil, attaching a net present value at a 5% discount of $245-million to a project that would cost $466-million to build. Conducted by Eldorado and subsidiary Brazauro Recursos Minerais, the... 

Northern Territory grants exploration incentives to 10 projects

By: Ilan Solomons A partnership between resources companies and the Northern Territory government would unlock the region’s mineral wealth and create the next wave of mining jobs, asserted Northern Territory Mines and Energy Minister David Tollner on Thursday. He said that grants totalling A$850 000 were to be... 

Resources Watch

By: Creamer Media Reporter This week: Mintek unveils its pilot rare earth solvent extraction plant. Glencore puts millions into education in the Mpumalanga coalfields. And, South Africa’s geoscience is ‘desperately’ underfunded. 

Resources Watch

Pepinnini sells noncore Queensland assets

By: Creamer Media Reporter Exploration firm Pepinnini Minerals has agreed to sell its Gooligoomba mining lease and to surrender the Gilbert tenement, in Queensland, to focus its exploration efforts on other projects. The ASX-listed company reported on Wednesday that it had agreed to sell mining lease 2720 in north... 

Prioritising short-term objectives over long-term strategy to haunt project developers

By: Simon Rees With short-term objectives taking precedence over long-term planning and strategy, the shortcomings of senior management and poor CEO performances often exacerbate and sometimes introduce many of the difficulties dealt with by mining companies. That was what mining industry veteran Larry Smith... 

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