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Anaconda options two more Newfoundland and Labrador properties

By: Henry Lazenby Junior gold producer Anaconda Mining has struck two option accords with explorer Spruce Ridge Resources to acquire a 100% interest in the Viking property and the next-door Kramer property, in the company’s first step out from its Point Rousse stronghold, located on the nearby Ming's Bight... 

Global interest in nuclear development on the rise, hears Mining Indaba

By: Kim Cloete Amid declining nuclear costs, more nuclear power stations are being constructed now than in any other time in history, according to Australian energy major Peninsula Energy Limited (PEN) CEO Gus Simpson. Addressing delegates at the 2016 Investing in African Mining Indaba, Simpson conceded that... 

Global interest in nuclear development on the rise, hears Mining Indaba

Montepuez proves up for Metals of Africa

By: Esmarie Swanepoel A concept study into ASX-listed Metals of Africa’s Motequez graphite project, in Mozambique, has estimated that the project could deliver up to 100 000 t/y of graphite concentrate, for a capital investment of $166-million. Based on a processing rate of 1.2-million tonnes a year, the project is... 

Iamgold reports maiden resource at second West Africa greenfield discovery in 3 yrs

By: Henry Lazenby Canadian gold miner Iamgold has reported a National Instrument 43-101-compliant maiden resource for the Diakha deposit, located on the Siribaya joint-venture (JV) project, in western Mali, West Africa. The Siribaya exploration project is operated by Iamgold under a 50/50 JV with Merrex Gold. 

Mining companies tread carefully when considering exploration

By: Kim Cloete Mining companies are becoming more circumspect when they decide which countries to invest in when it comes to exploration, a panel at the 2016 Investing in African Mining Indaba in Cape Town has heard. They are also faced with increasing attention from nongovernmental organisations (NGOs) and... 

WA approval rates a boon for the sector - Minister

By: Esmarie Swanepoel The Western Australian government has announced its best-ever quarter for mineral title approvals speeds, with Mines and Petroleum Minister Bill Marmion saying that thousands of Western Australian resource companies have benefited from the record approvals process times. "This is about backing... 

Austral expands land-holding in Chile

By: Esmarie Swanepoel Junior gold developer Austral Gold has struck a deal with TSX-listed Revelo Resources to secure 12 500 ha of mining concessions in Chile, to expand its Amancaya project. The mining concessions currently form part of Revelo’s San Guillermo project, which comprises more than 24 000 ha of... 

Kootenay and Northair merger to create new Mexican silver consolidator

By: Henry Lazenby TSX-V-listed Mexico-focused exploration and development firms Kootenay Silver and Northair Silver on Monday signed a definitive arrangement agreement that would position Kootenay as a dominant landholder in the country. With project consolidation also one of the stated objectives of the combined... 

Barkerville rises as Osisko Gold Royalties throws weight behind explorer

By: Henry Lazenby The TSX-V-listed stock of Barkerville Gold Mines has gained more than 23% in the past five business days, boosted by the endorsement of precious metals royalty company Osisko Gold Royalties, which had last week completed a royalty financing and private placement with the Canadian explorer.... 

Pepinnini abandons Spinifex Ridge exploration

By: Esmarie Swanepoel Explorer Pepinnini Minerals has withdrawn from its option agreement over the Spinifex Ridge project, in Western Australia. In 2014, the junior company purchased an option agreement from fellow listed Phosphate Australia over two tenements located in the West Musgrave province, spending A$100 000... 

Secova appoints geology engineer to board as winter exploration programme gets under way

By: Henry Lazenby Junior gold explorer Secova Metals has appointed geology engineer Pierre-Jean Lafleur to its board to manage the exploration programme at its Duvay gold project, in Amos, Quebec. Lafleur brought with him access to some of the top geologists and technology in the Quebec gold exploration resource... 

Triple digits forecast for silver as supply tightens

By: Henry Lazenby Currently bullish on silver, analysts are saying the possibility of triple-digit prices for the grey metal is not beyond the realm of possibility. A panel of experts in the silver industry recently came together in Vancouver to discuss the prospects for the precious metal, sketching a somewhat... 

Triple digits forecast for silver as supply tightens

Exploration companies seek alternative funding solutions

By: Megan van Wyngaardt Amid falling demand for commodities, slower economic growth in China and overall sluggishness in global markets, mineral exploration companies are having to find new sources of funding. Speaking to Mining Weekly Online in a telephone interview, London-based law firm Charles Russell Speechlys... 

Exploration companies seek alternative funding solutions

Crusader joins the lithium hunt in Brazil

By: Esmarie Swanepoel Junior explorer Crusader Resources has signed a memorandum of understanding (MoU) with Lepidico to establish a joint venture (JV) to hunt for lithium projects in Brazil. The JV would operate on a 50/50 basis and would have exclusive rights in Brazil to Lepidico’s L-Max technology, which in... 

Preliminary results of Joburg seismic study expected in March

By: David Oliveira The preliminary results of the Council for Geoscience’s (CGS’s) seismic microzonation model for Johannesburg are expected to be released by the end of March this year CGS microzonation project manager Michelle Grobbelaar tells Mining Weekly. The seismic microzonation model for Johannesburg... 

Mongolia OKs Centerra’s Gatsuurt project, takes 34% stake

By: Henry Lazenby The Mongolian Parliament has passed a resolution giving the green light for TSX-listed Centerra Gold’s Gatsuurt project to be developed, ending a five-year impasse on the project’s permitting and authorising the government to complete negotiations with Centerra on the terms of project ownership.... 

Harmony back in black, eyes Golpu advancement

By: Natasha Odendaal Shares in dual-listed Harmony Gold surged some 15% on the Johannesburg bourse on Thursday after the gold mining group turned the corner in the second quarter of the current financial year, posting positive earnings after a prolonged period in the red. Harmony achieved headline earnings of... 

Harmony back in black, eyes Golpu advancement
Photo by Duane Daws
Harmony CEO Peter Steenkamp

Liontown buys another lithium/tantalum project

By: Esmarie Swanepoel ASX-listed junior Liontown Resources has acquired a second lithium-tantalum exploration project, this time in the Northern Territory. Liontown on Thursday revealed that it would acquire the Bynoe project from privately held Orema for an initial signing fee of A$10 000 in cash, and a A$100 000... 

PDAC lobbies feds during prebudget consultations on exploration and development sector priorities

By: Henry Lazenby The Prospectors & Developers Association of Canada (PDAC) has lobbied the federal government during its nationwide prebudget consultations to take action and improve the flow of capital to the junior exploration sector, as well as to address the infrastructure deficit in northern and remote... 

Rare Earth Salts inks five-year commercial agreement with Rare Earth Recovery Sciences

By: Henry Lazenby Mineral and applications technology company Rare Earth Salts (RES) has signed a five-year commercial agreement with significant buyer of retorted compact fluorescent lightbulb phosphor powder, Rare Earth Recovery Sciences (RERS), to produce separated rare earth oxides in the US. RERS would... 

Sibanye concludes WCC due diligence, revised term sheet expected

By: Natasha Odendaal A revised term sheet for Sibanye Gold’s proposed refinancing of Waterberg Coal Company (WCC) is expected to emerge after the gold producer completed its legal, technical and financial due diligence. WCC on Tuesday said in a quarterly update that Sibanye remained “desirous” of the deal; however,... 

Crucial decision needed on empowerment levels

By: Nadine James An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

IDC set to invest $10m in Congolese tin project

By: Ilan Solomons TSX-V-listed mineral exploration company Alphamin Resources has entered into an agreement with South Africa’s State-owned development finance institution the Industrial Development Corporation(IDC) pursuant to which the IDC will invest up to $10-million directly in Alphamin Bisie Mining (Alphamin... 

IDC set to invest $10m in Congolese tin project
Photo by Duane Daws
BORIS KAMSTRA Alphamin DRC’s primary asset the Bisie tin project contains two “exceptional” high- grade tin deposits

Mining needs critical legal regulatory matters resolved

There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Proposed MPRDA amendments lack clarity

By: Nadine James While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

India mulls oil and gas incentives to combat price slump

By: Ajoy K Das The Indian government plans to introduce incentives for upstream oil and gas companies to maintain exploration and production (E&P) activities in a low-price environment. The government was expected to announce details of the incentives at the forthcoming Union Budget session of Parliament on... 

Indonesia, Freeport confident export permit issue will be resolved

By: Reuters Indonesia's mining minister and Freeport McMoRan expressed confidence on Wednesday that the two sides will find common ground to enable the US mining giant to continue shipping copper concentrate for at least another six months. Freeport's current six-month export permit is due to expire on... 

Geoscience BC unveils first phase of C$2.4m public magnetic survey to boost exploration

By: Henry Lazenby Non-profit organisation Geoscience BC has unveiled data from the first phase of a C$2.42-million magnetic survey project to map public lands of British Columbia. The ‘Search’ project was expected to help exploration companies operating in west-central British Columbia unlock the resource... 

Agreement improves mining training opportunities for British Columbians

By: Henry Lazenby The British Columbia Centre of Training Excellence in Mining (CTEM) on Tuesday launched a pilot project that will offer students the opportunity to complete up to a full year of the British Columbia Institute of Technology (BCIT) mineral exploration and mining technology diploma at four new... 

As GoviEx receives Niger project permit, senior management agrees to 20% pay cut

By: Henry Lazenby West African country Niger has granted Canadian explorer GoviEx Uranium a permit to exploit the Madaouela project in the Agadez region, news agency Reuters reports. Subsidiary GoviEx Niger Holdings would be allowed to exploit uranium for investments worth $676-million at the project. 

Greenland rare earth mining to remain contentious due to uranium – minister

By: Reuters Greenland's push to extract rare earth metals will remain a contentious political issue for years to come because the mining also produces uranium as a by-product, the nation's finance minister told Reuters. Greenland has been opening up to foreign companies with hopes that its vast resources in... 

Fission closes strategic C$82m investment by China’s CGN Mining

By: Henry Lazenby Canadian explorer Fission Uranium has closed a strategic C$82.22-million financing with Chinese investor CGN Mining, marking the first time a Chinese company has invested directly in a Canadian uranium company. TSX- and Frankfurt-listed Fission had issued 96.7-million shares to CGN at C$0.85 apiece. 

Freeport yet to pay Indonesia smelter deposit as export deadline looms

By: Reuters Freeport-McMoRan has yet to pay a $530-million deposit for a new Indonesian smelter, which the government is demanding before renewing the US company's export permit for copper concentrate, government officials said on Tuesday. Freeport, which has seen its stock plummet more than 70% in the past... 

Ivanhoe makes new Tier 1 discovery at Kamoa

By: Henry Lazenby Africa-focused explorer and project developer Ivanhoe Mines has made a new tier-one, high-grade and flat-lying layered copper discovery in the Kakula exploration area, about 5 km southwest of the currently defined resources at the Kamoa copper deposit, in the Democratic Republic of Congo (DRC).... 

‘We’re on the cusp of a resolution,’ says Hunter Dickinson president of Pebble spat 

By: Henry Lazenby Director and president of diversified mining group Hunter Dickinson Ron Thiessen believes that project developer Northern Dynasty Minerals’ 100%-owned subsidiary, the Pebble Limited Partnership (PLP) is close to resolving its dispute with the US Environmental Protection Agency (EPA). Speaking at... 

BC premier reveals relief plan for struggling miners

By: Henry Lazenby In the wake of crushing declines in commodity prices, the British Columbia government on Monday announced planned support for struggling mining companies to at least keep their doors open. Speaking at the opening ceremony of the Association for Mineral Exploration British Columbia's Exploration... 

BC premier reveals relief plan for struggling miners

Chile pushes lithium development, puts state reserves up for tender

By: Reuters Chile is pushing forward with new policies to develop its vast lithium reserves, the government said on Monday, at a time when prices for the battery ingredient have been rising rapidly. One of the government's first moves in the mostly private sector industry would be a call to tender the... 

Disappointed Patriot Gold to accept adverse judgment, complete JV accord 

By: Henry Lazenby Las Vegas, Nevada-headquartered Patriot Gold has undertaken to accept the outcome of arbitration it instituted against its optionee Northern Vertex Mining and intends to complete a joint-venture agreement with Northern Vertex and ultimately enter into commercial production at the Moss gold/silver... 

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