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Golden Star Resources reports strong ROI for underground Ghanaian gold project

By: Henry Lazenby Ghana-focused gold miner Golden Star Resources has reported a strong return on investment (ROI) for its brownfields Wassa underground gold project at its currently operating Wassa openpit mine in the country, and expected the development to transform the company into a lower-cost gold producer.... 

Bauba makes first chrome shipment in platinum exploration funding move

By: Martin Creamer The JSE-listed Bauba Platinum, which is mining and selling chrome ore to fund its platinum exploration, this week shipped the first run-of-mine output from its maiden chrome horizon blast at the Moeijelik operation. Bauba last year entered into a two-year chrome-ore supply agreement with ASA... 

Bauba makes first chrome shipment in platinum exploration funding move
Photo by Duane Daws
Syd Caddy

Hannans signs up JV partner in Sweden

By: Esmarie Swanepoel ASX-listed Hannans Reward has welcomed a joint venture partner to its Pahtohavare copper/gold project, in Sweden. Swedish mining company Lovisagruvan AB could now earn a 35% interest in the Pahtohavare project by making a A$150 000 payment to Hannans, and by completing additional metallurgical... 

Joburg to host inaugural Junior Indaba in June

By: Ilan Solomons Investment conference organiser Resources 4 Africa’s inaugural Junior Indaba aims to serve as a platform to highlight all the crucial issues faced by junior mining companies in Africa. The conference will take place at the Turbine Hall, in Newtown, Johannesburg from June 3 to 4 and bookings for... 

Joburg to host inaugural Junior Indaba in June
PLATFORM PROVIDER The strategic importance of exploration and junior mining in Africa will be given centre stage at the Junior Indaba

Seabridge Gold reports maiden resource for KSM’s Iron Cap Lower Zone

By: Henry Lazenby British Columbia-focused explorer Seabridge Gold has completed the first resource estimate for the Iron Cap Lower Zone at its 100%-owned KSM project, in north-western British Columbia. The Iron Cap Lower Zone was, after Deep Kerr, the second core zone identified at the massive project, which was... 

Execution now critical as Goldsource aims to pour gold before year-end

By: Henry Lazenby Mine developer Goldsource Mines expects to pour its first gold before the end of the year, which would open the door to organically grow the low-cost operation in politically stable Guyana. TSX-V-listed Goldsource had started construction of its $5.9-million Eagle Mountain gold project earlier... 

Seabridge Gold lifts KSM’s Deep Kerr deposit resources by 52%

By: Henry Lazenby Project developer Seabridge Gold has expanded by 52% the resources for the Deep Kerr deposit, which forms part of the massive KSM project, in north-western British Columbia. The TSX- and NYSE-listed explorer pointed out that an updated independent mineral resource estimate for Deep Kerr now... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Winward raises cash for exploration

By: Esmarie Swanepoel unior Winward Resources has raised A$6-million from a share placement to institutional and sophisticated investors to advance exploration work at its Fraser Range nickel/copper projects, in Western Australia. The company said on Monday that it had received firm commitments for 20-million... 

Primero’s reserves slide 9% after high-grading active operations

By: Henry Lazenby Canadian silver producer Primero Mining’s mineral reserves have been negatively impacted after it increased the minimum cut-off grades at its two active mines in Canada and Mexico. TSX- and NYSE-listed Primero's 2014 year-end gold reserves declined by 9% from 2013 to 1.9-million ounces of gold.... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects

By: Henry Lazenby Despite its strong growth outlook, a critical shortage and chronic underinvestment in new base metals and other exploration projects in the medium term, could dent the world’s largest precious metals streaming firm Silver Wheaton’s ability to strike new streaming deals in the future. The silver-... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects
Photo by Bloomberg
Silver Wheaton president and CEO Randy Smallwood.

African drilling projects benefit from versatile equipment

By: Bruce Montiea African drilling projects are benefiting from using the versatile instruments and products produced by Italy-based drilling instruments designer DAT instruments, says sales manager Domenico Anelina. He adds that the company’s products can be installed and used on any drilling rig, irrespective of... 

African drilling projects benefit from versatile equipment
VERSATILE DAT instruments' products can be installed and used on any drilling rig

Challenging drilling project successfully completed

By: Bruce Montiea Integrated drilling services and equipment provider Boart Longyear last month completed another unique project using its dual-tube flooded reverse-circulation technique. The technique, used to drill 60-inch shafts through loss circulation zones, was used to create a ventilation shaft for an... 

Challenging drilling project successfully completed
DRILLING TECHNIQUE The dual-tube flooded reverse-circulation drilling technique makes it possible for the bit to penetrate loss circulation zones without the use of a more traditional raised bore rig

Company introduces new, improved drill

High-technology engineering company Sandvik has added the new DR461i drill to its equipment product line. “The DR461i is a diesel powered, self-propelled, crawler-mounted blasthole drill that is automation-ready and features forward-thinking design and technology for bulk mining operations,”... 

Company introduces new, improved drill
ROUGH TERRAIN Customers count on Sandvik to develop robust drills

Upgraded rotary drill to be introduced to African market

By: Bruce Montiea Following the completion of product support training, machinery manufacturer Caterpillar’s upgraded MD6640 rotary drill is now commercially available, says Caterpillar surface rock drills commercial strategy manager G R Regas, adding that the company will introduce the upgraded drill to the... 

Upgraded rotary drill to be introduced to African market
POWERFUL The MD6640 is electrically powered and is Caterpillar’s largest rotary drill

Xanadu reports maiden resource in Mongolia

By: Esmarie Swanepoel ASX-listed Xanadu Mines has reported a maiden Joint Ore Reserves Committee-complaint resource of 230-million tonnes at the Kharmagtai copper/gold project, in Mongolia. Grading 0.34% copper and 0.33 g/t gold, the project is estimated host about 1.5-billion pounds of copper and 2.2-million ounces... 

Forsys stock rallies on ‘robust’ feasibility study for ‘construction ready’ Namibia project

By: Henry Lazenby Namibia-focused uranium project developer Forsys Metals has reported a 14.8% rise in reserves, higher yearly and life-of-mine output and lower operating costs for its Norasa uranium project, in the Erongo region, following the completion of a feasibility study (FS). Norasa comprises the Valencia... 

Altona reports maiden resource at Turkey Creek

By: Esmarie Swanepoel Metals developer Altona Mining has reported a maiden resource of 21-million tonnes, grading 0.58% copper at its newly discovered Turkey Creek deposit, at the Cloncurry copper project, in Queensland. The maiden resource at Turkey Creek has now increased the global mineral resource at the... 

Arianne Phosphate exceeds previous product grade, purity during customer trials

By: Henry Lazenby Project developer Arianne Phosphate has completed a successful series of customer trials that have produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. Arianne, which is focused on advancing the Lac à Paul project, in Quebec's... 

Probe Metals starts trading on the TSX-V

By: Henry Lazenby After closing the plan of arrangement that saw gold major Goldcorp acquire explorer Probe Mines last week, a new exploration company Probe Metals started trading on the TSX-V on Tuesday under the ticker PRB. Goldcorp bought Probe in an all-scrip deal, which valued the company at about... 

Iluka signs exploration deal with Monax

By: Esmarie Swanepoel Mineral sands miner Iluka has signed a non-binding term sheet with fellow-listed Monax Resources over a proposed farm-in and joint venture agreement over the Phar Lap iron-oxide copper gold project, in South Australia. Under the term sheet, Iluka could earn an 80% interest in the project by... 

Cardero announces reverse takeover, might not see year-end as going concern

By: Henry Lazenby TSX- and Frankfurt-listed Cardero Resource Corp on Monday announced that it would sell its Argentine subsidiary to explorer Artha Resources, in a proposed all-scrip deal. The proposed reverse-takeover transaction was pending Artha shareholder approval, expected by April. 

Hancock signs on to explore for gold

By: Esmarie Swanepoel Iron-ore developer Hancock Prospecting would invest up to A$4.2-million to explore the Four Eagles gold project, in Victoria, project owner Catalyst Metals reported on Friday. Through its subsidiary Gold Exploration Victoria, Hancock had agreed to form a joint venture (JV) with Catalyst and its... 

Company achieves record sales, despite Ebola outbreak

West Africa-focused mineral sands miner Sierra Rutile achieved record sales during 2014, despite difficult markets conditions, the company says. Sierra Rutile also recorded its third-highest quarter of rutile production in the company’s history, during the fourth quarter of last year. 

Heavy minerals industry growth mostly influenced by China

By: Jonathan Rodin The potential for growth in the heavy minerals industry largely depends on China, says mining consultancy Core Consultants MD Lara Smith. She says while it is difficult to consider the outlook for the heavy minerals sector as a whole – as heavy metals encompasses many different elements – the... 

Heavy minerals industry growth mostly influenced by China
Photo by Bloomberg
INCREASED POTENTIAL In light of the trends of the modern world the heavy minerals sector is faring well and gaining in importance

Kenya-based project mineral resource upgraded

The upgraded and increased mineral resource estimates of mineral sands producer Base Resources’ 100%-owned Kwale project, in Kenya, will form the basis for the preparation of, and reporting on, the project’s update ore reserves over the next few months, the company says. The updated mineral... 

SA can become a bigger coal exporter

By: Bruce Montiea South Africa has the potential to export more coal, provided there is  rail infrastructure expansion and improvement in the country, says geology, mining and environmental consulting services provider MSA principal coal consultant Philip Mostert. He notes that South Africa currently exports... 

SA can become a  bigger coal exporter
RAIL CAPACITY Transnet is considering upgrades to its various rail tracks leading to the Richards Bay Coal Terminal

Navaho gets funding aid from shareholder

By: Esmarie Swanepoel Junior explorer Navaho Gold has accepted A$500 000 in funding support from its major shareholder DGR Global. The financial support replicates a similar arrangement struck some 12 months ago, and would allow Navaho to continue to meet all of its corporate and project expenses, the company said. 

Focused on finding more gold at producing property, Scorpio Gold retires debt early

By: Henry Lazenby Nevada-focused miner Scorpio Gold has retired $3.4-million in remaining debt to 30% joint-venture partner Waterton Global Value ahead of the scheduled maturity date. Despite gold prices trending lower from the lofty highs recorded in 2012 and soaring debt levels among many industry participants... 

Rift Valley buys Tanzanian explorer

By: Esmarie Swanepoel Junior metals developer Rift Valley Resources has moved to acquire unlisted Mtemi Resources Group of Companies following a A$4-million capital raising in February. Under the terms of the acquisition, Rift Valley would acquire Mtemi for 32-million of its own shares, as well as 42.85-million... 

AusQuest signs another JV in Peru

By: Esmarie Swanepoel Explorer AustQuest has signed a third joint venture (JV) agreement, this time with Southern Peru Copper Corporation over its Lana porphyry copper project, in Peru. The latest JV followed two agreements inked with Zahena SAC in February. 

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