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Ecuador, seeking investment, buffs up mining sector image

By: Reuters     Updated 4 hours ago Rebranding itself as a mining-friendly jurisdiction, Ecuador has high hopes that incentives and tax benefits will polish its tarnished image and attract $5-billion worth of investment over the next five years, a senior minister told Reuters. The small Andean nation believes that incentives... 

Tungsten industry in transition as China's competitiveness wanes

By: Henry Lazenby     Updated 4 hours ago Despite China having not yet made significant inroads into securing tungsten supply from outside its borders, it might only be a matter of time before teh country did, providing the incentive investors are looking for to finance several shovel-ready projects. Tungsten, or wolfram as it is also... 

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices

By: Henry Lazenby     Updated 6 hours ago With a ten-year plan in hand that would ensure Africa-focused gold producer Randgold Resources would remain profitable at a gold price of $1 000/oz, CEO Mark Bristow on Wednesday accused the company's peers for having done a horrible job in recent years. Speaking during a breakfast presentation... 

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices
Photo by Duane Daws
Randgold Resources CEO Mark Bristow.

Senate passes incentive to encourage greenfield exploration

By: Esmarie Swanepoel The Australian resources sector has welcomed the passing of the exploration development incentive (EDI) through the Senate. The federal government last year announced a budget of A$100-million over the next three years to fund the EDI, to support junior exploration companies conducting... 

Senate passes incentive to encourage greenfield exploration

ColdBlock to launch 'digestion' technology despite facing hurdles

By: Reuters Canadian start-up ColdBlock Technologies will launch its new 'digestion' technology on Wednesday that cuts the time to test mineral samples to minutes from hours, innovation experts say is long overdue in a mining industry often resistant to change. ColdBlock, which did development work with the... 

Canada strikes more than 10 African foreign investment promotion, protection accords

By: Henry Lazenby Canada has concluded foreign investment promotion and protection agreements with more than ten countries in Africa, improving the confidence and protection Canadian companies need to invest abroad. Canada’s International Trade Minister Ed Fast, accompanied by ministerial colleagues from African... 

Canada strikes more than 10 African foreign investment promotion, protection accords
Photo by Foreign Affairs, Trade and Development Canada
The African mining delegation closes the TSX on Tuesday.

Mongolia ordered to pay $100m for expropriating uranium asset

By: Reuters Mongolia has been ordered to pay about $100-million to Canada-based Khan Resources Inc as compensation for cancelling its uranium licences in a long-awaited decision from an international tribunal. Khan Resources took Mongolia to international arbitration four years ago after the government... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

Ontario invites input on new direction for mineral development strategy 

By: Henry Lazenby Ontario is inviting stakeholders to provide input to renew the province’s mineral development strategy to attract further investment. Speaking at the Prospectors & Developers Association of Canada’s yearly convention in Toronto, provincial Minister of Northern Development and Mines (MNDM) Michael... 

Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

Mining investment at the core of African economic development

By: Henry Lazenby The potential for broad-based development driven by mineral resources as well as upstream oil and gas remains largely untapped in African countries, but the quest for solutions to make mineral and petroleum resources an engine for growth and development have been a central preoccupation of... 

Mining investment at the core of African economic development

Batteries at the centre of Apple’s EV master plan

By: Henry Lazenby Consumer electronics giant Apple is being sued by lithium-ion battery producer A123 Systems for "systematically" poaching employees to establish a new battery division, expected to power the company’s foray into the electric vehicle (EV) sector. The venture, reportedly named ‘Project Titan’, has... 

Juniors struggle in sea of red tape, fees and demographic losses – Benjamin Cox

By: Simon Rees As the industry prepares for the 2015 Prospectors and Developers Association of Canada’s conference, many have written off the past year as another annus horribilis – a horrible year filled with more impairments, fire sales, debt headaches and muted prices. The junior sector has struggled most,... 

Juniors struggle in sea of red tape, fees and demographic losses – Benjamin Cox

Africa remains on Chinese investment map, despite economic slowdown

By: Megan van Wyngaardt China’s investment in African resources remains at a relatively early stage and is likely to increase further over the next decade, despite the economic slowdown in the world’s second-largest economy, reports South African financier Standard Bank. China’s economy grew by 7.4% in 2014, the slowest... 

Africa remains on Chinese investment map, despite economic slowdown

Aus explorer exercises option to acquire two US projects

By: Henry Lazenby Australian explorer Carnavale Resources has exercised an option to acquire private firm Tojo Minerals, which has the rights to the Red Hills project, in Nevada, and the Little Butte project, in Arizona. Perth, Australia-based Carnavale said in a statement that it would move to immediately ramp-up... 

2014 ends on a disappointing note for explorers as negative trend continues

By: Ilan Solomons The continuation of a 12-month-long negative trend in the global mining industry resulted in 2014 ending largely on a disappointing note for the exploration sector, says professional services firm SNL Metals & Mining. According to the company’s January 2015 ‘Monthly Industry Monitor’ report, the... 

2014 ends on a disappointing note for explorers  as negative trend continues
DOWNWARD TRAJECTORY There were drill announcements from only 111 projects in December, compared with 142 in November

Price slump seen prompting review of African oil and gas explorers’ expenditure plans

By: Zandile Mavuso Oil and gas explorers in Africa will be looking at their budgets and deciding where to allocate their limited capital spend, given the substantial decline in the oil price, as low oil prices could have an impact on production, while undermining certain players in the market, says advisory firm... 

Montero declines participation in Ethiopian graphite project

By: Henry Lazenby TSX-V-listed Montero Mining & Exploration has declined participation in the Moyale graphite project, in Ethiopia, the company reported on Thursday. Montero had in August entered into a binding agreement with Ethiopia-based Hulager General Import & Export to acquire up to an 80% interest in its... 

Resolute signs up for Taruga project

By: Esmarie Swanepoel Gold miner Resolute Mining has agreed to a joint venture (JV) with junior Taruga Gold over three concessions in Côte d’Ivoire. Under the terms of the agreement, Resolute would earn a 75% interest in the three tenements by spending some $3-million in exploration over a four-year period. 

North American Palladium lifts Lac des Iles reserves and resources

By: Henry Lazenby Canadian palladium producer North American Palladium (NAP) rose almost 19% on Wednesday on the TSX after it reported sizeable increases to both the compliant reserves and resources at its flagship Lac des Iles property, in north-western Ontario. The Toronto-headquartered company reported reserves... 

AusQuest announces Peru farm-in agreements

By: Esmarie Swanepoel ASX-listed explorer AusQuest on Tuesday announced that it had secured three separate copper/gold joint venture (JV) agreements in Peru worth A$34-million. The company said it had inked two JV agreements covering three of its porphyry copper/gold targets in southern Peru, while also finalising... 

MDL extends Senegal project's mine life

By: Esmarie Swanepoel An updated to the mineral resource and reserve estimate at the Grande Côte mineral sands project, in Senegal, has extended the mine life until 2043, owner Mineral Deposits Limited (MDL) said on Friday. Grande Côte, which started production in March last year, was expected to produce, on average,... 

Alamos Gold narrows Q4 net loss compared with 2013 period

By: Henry Lazenby Gold miner Alamos Gold has narrowed its net loss for the fourth quarter, reporting $3.37-million, or $0.03 a share, compared with the net loss of $5.3-million, or $0.04 a share, for the comparable 2013 period. The company said on Thursday that the loss was mainly owing to a $2.7-million noncash... 

Botswana still auspicious mining jurisdiction

By: Mia Breytenbach Having ranked consistently as one of the top mining jurisdictions in Africa, Botswana remains a favourable mining destination for investment – despite current infrastructure challenges and the global economic downturn, mining consultancy Core Consultants MD Lara Smith tells Mining Weekly. She... 

Botswana still auspicious mining jurisdiction
Photo by Reuters
AGAINST THE ODDS Botswana remains an auspicious mining destination, despite current infrastructure and macroeconomic challenges

Demand for cheap minerals, energy to support growing global middle class opening up high-yielding investment opportunities

By: Henry Lazenby In a world where the economic outlook is uncertain, and opinions diverge at best, depending on who you ask, where it is hard to pinpoint whether economies are at inflationary or deflationary inflection points, stabilising or destabilising and where a host of investors had all but written off the... 

Demand for cheap minerals, energy to support growing global middle class opening up high-yielding investment opportunities

Diamond explorer shifts target focus areas, prioritises Orapa region

By: Mia Breytenbach Aim-listed diamond explorer Botswana Diamonds (BOD) has shifted its 2015 focus to three licence areas covering more than 1 000 km2 in the diamond province of Orapa, in Botswana. The three blocks currently receiving precedence comprise the PL206, PL207 and PL210 licence areas, BOD chairperson John... 

Diamond explorer shifts target focus areas,  prioritises Orapa region
FOCUS SHIFT Botswana Diamonds and Alrosa defined a new 2015 exploration programme for the PL206, PL207 and PL210 licence areas in the Orapa region in Botswana

Interest returns to known deposits, way paved for exploration

By: Mia Breytenbach The latest exploration boom in Botswana, although seemingly waning, has shifted the spotlight to several known deposits again, notes South African mining consultancy The MSA Group, stating that copper and nickel deposits were receiving particular attention. Recent high copper prices have resulted... 

Interest returns to known deposits, way paved for exploration
Photo by Bloomberg
RENEWED INTEREST Recent high copper prices have resulted in the potential economic feasibility of lower-grade copper deposits in Botswana

Mining companies continue to strive for excellence

By: Dylan Stewart North American mining companies are increasingly pursuing superior performance as they respond to low commodity prices, with innovation gaining in importance and energy costs being managed as a diversified portfolio that can be optimised. These form 3 of 10 key mining trends provided to Mining... 

Mining companies continue to strive for excellence
ANDREW SWART The mining industry could be facing a cliff if new mines and developments are not invested in

Mozambique assures miners about transport, while Indian company posts poor results

By: Keith Campbell The Mozambican government is creating the framework which will allow mining companies to transport their coal from the Moatize basin in the province of Tete to the coast. This assurance was given last week by Transport and Communications Minister Carlos Mesquita. He was responding to complaints... 

Nevada gold producer acquires mining leases

Emerging Nevada gold producer Pershing Gold Corporation has acquired the exclusive mining and surface use rights to about 1 600 acres of new long-term mining leases and 74 unpatented lode mining claims, comprising about 1 300 acres, from gold corporation Newmont USA for a consideration of... 

Nevada gold producer acquires mining leases
GOLDEN OPPORTUNITY Pershing Gold Corporation believes further exploration core drilling on the land adjacent to its Relief Canyon mine has significant potential to increase the size of this deposit

Nevada project yields high-grade sampling results

Diversified mineral exploration and development company Sunrise Resources has attained further high-grade sampling results at its Bay State silver project, in the Eureka district of Nevada. 

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