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Exploration News

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     Updated 1 hour 44 minutes ago British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message attendees at the fourth annual Resource Breakfast Series heard on... 

Sula strikes 'bonanza grade' gold in Sierra Leone

By: Reuters     Updated 7 hours ago Sula Iron & Gold, a London-listed mining firm focused on Sierra Leone, said on Tuesday it had found gold of almost "bonanza grade" and its board would forgo their salaries while the company exploits the resource. The latest assay at the Ferensola gold project in the Sula Mountains of Sierra... 

Court rules in favour of Conroy Gold

By: Mariaan Webb     Updated 7 hours ago The High Court in Dublin on Tuesday ruled in favour of gold explorer Conroy Gold and Natural Resources in the case brought against the company by shareholder Patrick O’Sullivan. O’Sullivan turned to the court after chairperson Richard Conroy blocked him from seeking the appointment of three new... 

Pan African fields questions on gold hedging, guidance, wages 

By: Martin Creamer     Updated 7 hours ago Gold mining company Pan African Resources, which is completely unhedged except for the hedging of 27 000 oz of gold that will be produced next year from its upcoming Elikhulu tailings treatment project, views hedging with extreme caution. In response to Nedbank equity analyst Arnold van Graan,... 

Pan African fields questions on gold hedging, guidance, wages
Pan African Resources FD Deon Louw’s hedging views covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer

Ferrum Crescent executive chair steps down

By: Creamer Media Reporter      26th September 2017 Spain-focused Ferrum Crescent on Tuesday announced several directorate changes, including the resignation of its executive chairperson Justin Tooth. Tooth resigned from the board of the lead and zinc explorer with immediate effect in order to pursue other business interests. 

Tsodilo, Sandstorm enter into $1.5m royalty agreement

By: Natasha Odendaal     26th September 2017 TSX-V-listed Tsodilo Resources and dual-listed gold royalty company Sandstorm Gold have entered into a $1.5-million royalty agreement on three projects. The royalty sale includes the grant of a 1% net smelter royalty (NSR) on Tsodilo’s wholly owned Botswana subsidiary Gcwihaba Resources’... 

Rift Valley reports maiden resource in Angola

By: Esmarie Swanepoel     26th September 2017 ASX-listed Rift Valley Resources ahs reported a maiden Joint Ore Reserves Committee Compliant mineral resource of 44.7-million tonnes, grading 2.5% total rare earth oxides at its Longonjo Magnet metals project, in Angola. Some 11.6-million tonnes of the resource was classified as oxide material,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally
Thor Mining expects to update the Pilot Mountain tungsten resource, in Nevada, soon

Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Newcrest divests of New Zealand exploration asset

By: Esmarie Swanepoel     22nd September 2017 ASX-listed gold miner Newcrest Mining has abandoned its 80% stake in the Rahu project, in New Zealand, to joint venture partner New Talisman Gold Mines. New Talisman on Friday announced that it had acquired Newcrest New Zealand Exploration, with the junior company evaluating its options to... 

Companies find use for abandoned underground coal mines

By: Nica Schreuder     22nd September 2017 Forsaken underground coal mines are increasingly being reopened using opencast mining methods, according to independent mining advisory group Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that this practice is effectively enabled through increased mechanisation. While an... 

Companies find use for abandoned underground coal mines
Photo by Bloomberg
SECOND CHANCE The trend of returning to underground mines and turning them into opencast mines is a cost-effective alternative to exploration

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Minerals processing business bullish about future, despite industry challenges
ALL ENCOMPASSING Fraser Alexander is able to service clients across the coal washing and processing value chain

Pan African rolling out vibrant internal growth projects 

By: Martin Creamer     21st September 2017 Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the... 

Pan African rolling out vibrant internal growth projects
Pan African Resources CEO Cobus Loots outlines gold growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Longford buys US company

By: Esmarie Swanepoel     21st September 2017 ASX-listed junior Longford Resources has moved to acquire two cobalt/copper projects, in the US. The company on Thursday announced that it would acquire US-based Liaz, which holds the Colsons copper/cobalt project in Idaho, and the Goodsprings copper/cobalt project in Nevada. 

Angkor, Renaissance get Cambodian approval to proceed with Koan Nheak exploration

By: Henry Lazenby     20th September 2017 TSX-V-listed Angkor Gold has, together with its joint venture partner Renaissance Minerals, received approval from the Cambodian Ministry of Mines and Energy to proceed with their joint exploration plans of Koan Nheak under a definitive earn-in agreement signed in July. Renaissance is a Cambodian... 

Integra seizes precious metals opportunity in Idaho

By: Henry Lazenby     20th September 2017 Mere months after Integra Gold was bought out in a deal worth about C$590-million by Eldorado Gold, essentially the same team – reincarnated as Integra Resources – has reached agreement with major Kinross Gold to buy the DeLamar gold/silver mine, in Southern Idaho. The C$7.5-million... 

Endeavour board OKs Ity CIL expansion in Cote d'Ivoire

By: Henry Lazenby     20th September 2017 West African gold producer Endeavour Mining has given the $412-million Ity carbon-in-leach (CIL) project, in Cote d'Ivoire, the go-ahead, adding about 235 000 oz/y over the first five years to Endeavour’s current production profile of between 600 000 oz and 640 000 oz this year, at lower costs.... 

Endeavour board OKs Ity CIL expansion in Cote d'Ivoire
Photo by Endeavour Mining
Endeavour Mining's Ity mine, in Cote d'Ivoire

Connemara plans further drilling in Donegal

By: Creamer Media Reporter      20th September 2017 Explorer Connemara Mining will initiate further drilling at its Inishowen project as part of its gold exploration programme in Donegal, Ireland. The diamond drilling, which will start on September 25, is aimed at establishing if the gold-bearing veins discovered last year extend across the licence. 

W Resources planning new drilling campaign at Tarouca, Portugal

By: Creamer Media Reporter      20th September 2017 Aim-listed W Resources has been granted a two-year licence extension for exploration at Tarouca, near its Régua project, in Portugal, paving the way for a new drilling campaign. Tarouca is about 20 km from Régua and has the potential to enhance and expand the Régua development, W Resources... 

More than 120 birds dead at Suncor-owned Canada oil sands mine

By: Reuters     20th September 2017 More than 120 birds in Canada's oil heartland of Alberta were killed after getting caught in a pond of oil sands byproducts operated by the country's largest producer Suncor Energy, the local regulator said on Tuesday. The Alberta Energy Regulator said the animals, waterfowl and songbirds, were... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons 

By: Henry Lazenby     19th September 2017 Gold miner Leagold Mining is making good progress with transforming the 200 000 oz/y-plus Los Filos mine into a strong, long-lived growth platform with which it can pursue other growth opportunities in Latin America. Speaking to Mining Weekly Online in Vancouver (see attached video), president... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons
Leagold Mining president and CEO Neil Woodyer discusses the company’s progress at the flagship Los Filos mine, in Mexico, as it aims to create a growth platform for expansion into the Americas. Video: Henry Lazenby; Editing: Lionel da Silva 

First Cobalt exits volatile DRC in favour of mining friendly Ontario Cobalt Camp

By: Henry Lazenby     19th September 2017 TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo's (DRC's) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects
Photo by Kinross Gold
Kinross Gold's Tasiast mine, Mauritania

Sibanye-Stillwater lifts PGM grade at brownfield Stillwater mine extension

By: Henry Lazenby     15th September 2017 Recently minted Sibanye-Stillwater has successfully extended the platinum group metals (PGM) mineralisation at the Blitz project, in Montana – a brownfield extension of the existing Stillwater mine. The company announced on Friday that mineralised ore at the Blitz project had been intersected in... 

Orion on track to develop Prieska zinc/copper project

By: Anine Kilian     15th September 2017 ASX-listed Orion Minerals, which will list on the Johannesburg Stock Exchange on Monday, is focused on fast -tracking the development of its Northern Cape-based Prieska zinc/copper project. The company plans to leverage the secondary listing to open up more efficient local funding options through... 

Orion on track to develop Prieska zinc/copper project
Orion CEO Errol Smart

Shift in mining finance sources for mid-caps, juniors expected – BMI

By: Schalk Burger     15th September 2017 Market research multinational BMI Research reported on Thursday that there would be a shift in the status quo of mining finance sources, as mineral prices stabilise and edge higher over the coming years. “Majors will continue to rely on equity and debt financing. Mid-cap and small-cap companies,... 

Predictive and Progress team up in Burkina Faso

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Predictive Discovery has signed a joint venture (JV) agreement with Canada’s Progress Minerals over its exploration permits in Burkina Faso. Predictive’s current tenement holdings in Burkina Faso cover some 100 km of strike length on the Samira Hill greenstone belt, with the... 

Ardea raises cash for WA cobalt exploration

By: Esmarie Swanepoel     15th September 2017 Junior metals explorer Ardea Resources has raised A$5.5-million in a share placement to sophisticated and professional investors, to accelerate drill programmes at its KNP cobalt project, in Western Australia. Some 7.6-million new fully paid ordinary shares would be issued under the company’s... 

South African companies to seek mining opportunities in China

By: African News Agency      15th September 2017 The minister of trade and industry, Rob Davies, said on Friday that China has agreed to support South Africa and Africa’s initiatives of industrialisation and mineral beneficiation as the country embarks on a drive to better exploit its mineral resources. Davies said in a statement that that... 

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

800 000 t copper output by year-end conservative estimate
DRAWING DOLLARS $12.4-billion was invested in new mining ventures in Zambia from 2000 to 2014 by just six mining companies

Canadian-listed junior plans further drilling to increase Guinea project resource base 

By: Mia Breytenbach     15th September 2017 TSX-V-listed Volcanic Gold Mines plans to drill within the significantly expanded mineralized footprint defined by air-core drilling adjacent to the inferred mineral resource at its Mandiana gold project, with a view to a resource increase and is actively orientating its exploration programme... 

Canadian-listed junior plans further drilling to increase  Guinea project resource base
Volcanic Gold Mines president Jeremy Crozier discusses the progress at the Mandiana gold project in Guinea. Video and Editing: Lionel da Silva.

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

German companies to display digital solutions for Zambian mines
BUSINESS FIRST The first German-Zambian Business Forum was held in Lusaka, Zambia, earlier this year to strengthen economic ties between Germany and Zambia

Kalumbila facility will service global mining industry

     15th September 2017 By the first quarter of 2018,  a building site in Kalumbila, in North-Western province, in  Zambia, will be transformed into a $40-million manufacturing facility that will produce high-quality mill-balls for mines in Zambia, neighbouring countries and the world market, says Zambia Chamber of... 

Kalumbila facility will service global mining industry
TANGIBLE EXCITEMENT There’s a tangible feeling of excitement in the air at Kalumbila with the coming of the ME Elecmetal plant

Reopening of mines to stabilise employment, improve tax revenues

By: Simone Liedtke     15th September 2017 Zambia Chamber of Mines, and its initiative Mining for Zambia (MFZ), is enthusiastic about the reopening of mining operations in Zambia, which it says will not only result in increased copper production but also translate into stabilised employment levels in the country and improved tax revenues... 

Reopening of mines to stabilise employment, improve tax revenues
CONTRIBUTION TO DEVELOPMENT The mining sector contributes to Zambia’s socioeconomic development through the creation of jobs and new business opportunities

Second Copper Cobalt Africa Conference to be held next year

     15th September 2017 Educational institution Southern African Institute of Mining and Metallurgy (SAIMM) will host the second Copper Cobalt Africa Conference at the Avani Victoria Falls Resort, in Livingstone, Zambia, in July next year. 

Second Copper Cobalt Africa Conference to  be held next year
Photo by Bloomberg
INDUSTRY REVIVAL The African Copperbelt is again experiencing a resurgence of activity following the commodity downturn of recent years

Sizeable limonite find exposes Horizonte to burgeoning EV market

By: Samantha Herbst     14th September 2017 Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company to the fast-growing nickel/cobalt electric vehicle (EV) battery market. Limonite is treated to... 

Sizeable limonite find exposes Horizonte to burgeoning EV market
Limonite is a type of iron-ore treated to produce nickel and cobalt hydroxides, suitable for supplying the EV battery market

Greece issues Olympias operating, tailings installation permits to Eldorado

By: Henry Lazenby     13th September 2017 Canadian gold producer Eldorado Gold confirmed on Wednesday that it has received the Olympias operating permit and the modified electromechanical installation permit for the tailings management facility at Kokkinolakkas, from the Greek Ministry of Energy and Environment. The permits were issued... 

Greece issues Olympias operating, tailings installation permits to Eldorado
The Olympias project

Tethyan Resources gives listing, project updates

By: Anine Kilian     13th September 2017 Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that... 

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