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U3O8 Corp forms local partnership on concessions next to Argentina project

By: Henry Lazenby Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, Argentina, which would allow it to explore properties located next to its own Laguna Salada uranium deposit. Should it succeed to define resources on the... 

Drilling kicks off at Burkina Faso gold project

By: Natasha Odendaal Canadian exploration company Savary Gold has started a 15 000 m drill programme at its Karankasso project, in Burkina Faso. The project was a joint venture between Savary and West Africa-focused gold explorer Sarama Resources. 

Iron Mountain takes ownership of JVs

By: Esmarie Swanepoel ASX-listed junior Iron Mountain Mining has taken full ownership of the Miaree and Blythe joint ventures (JV), paying JV partner Red River Resources a ‘nominal’ fee. Iron Mountain said on Friday that as a result of the acquisition, both JVs would be terminated, and would allow Iron Mountain the... 

Company helping mines to effectively identify mineable resources

By: Bruce Montiea Geological consulting company Gemecs is assisting exploration companies and mines with the successful identification of potential mineable in situ resources using geological modelling, says company marketing director Nico Denner. He explains to Mining Weekly that Gemecs uses geological modelling... 

Company helping mines  to effectively identify  mineable resources
READY TO BE MINED Gemecs uses geological modelling as basis for determining possible life-of-mine scenarios

Economics, market analysis crucial for effective feasibility study

By: Bruce Montiea An effective mining feasibility study must provide not only the results of a geological evaluation or the development of mine plans, but also an analysis of the market and the fundamental economics of a project, says provider of upfront studies for the minerals industry PEC Consulting. Therefore,... 

Economics, market  analysis crucial for  effective feasibility study
UNDER CONSIDERATION PEC Consulting can help its clients identify all the aspects that have to be considered when planning to expand an underground or surface operation

Focus shifting to operational improvement

By: Bruce Montiea Owing to ongoing commodity price pressure, many larger feasibility studies have been replaced by operational improvement and smaller opportunity assessment studies over the past few months, global consulting and technology company Deswik has found.  Deswik consulting manager John Buffington tells... 

Focus shifting  to operational  improvement
DESIGNING FOR EFFICIENCY Deswik enables mines and exploration projects to make design changes and update their schedules immediately to effectively deal with operational challenges

Mining companies advised to invest in the future

By: Bruce Montiea Despite tough conditions currently, mining companies should still invest in building their operations for the future, as “the cycle will eventually turn”, says consulting engineers and scientists SRK Consulting chairperson and corporate consultant Roger Dixon. He adds that it is important for a... 

Mining companies advised to invest in the future
Photo by Bloomberg
ORCHESTRATING SURVIVAL Consuting engineers can assist mining companies in surviving difficult conditions by reviewing their plans and providing realistic advice

Mount Peake feasibility study started

Australian resource company TNG earlier this month appointed mining services consultancy Snowden to complete the feasibility study (FS) needed to bring its Mount Peake titanium, vanadium and iron polymetallic project, in Australia, into production. Geotechnical drilling has already started with... 

Mozambique graphite project DFS awarded

Global multidisciplinary engineering group DRA earlier this month announced that it has been appointed as the lead study manager for the definitive feasibility study (DFS) of Australian mineral exploration and resource management company Triton Minerals’ Triton Mozambique Graphite (TMG) project.... 

Mining firms replenish coffers

By: Henry Lazenby Several miners this week successfully completed private placements to shore up their balance sheets in anticipation of pursuing their strategic corporate objectives. Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group on Monday closed an $85-million private... 

Commerce Resources successfully completes rare earth pilot plant trials

By: Henry Lazenby The first phase in a series of flowsheet pilot plant tests on material from Commerce Resources 100%-owned Ashram project has been completed, the Quebec-focused rare earths project developer reported this week. The TSX-V-listed firm said the pilot plant had produced enough bulk quantities of... 

PEA reports healthy operating margins at Rathdowney Resources’ Polish project

By: Henry Lazenby TSX-V-listed Rathdowney Resources has completed a preliminary economic assessment (PEA) of its 100%-owned Olza zinc/lead project, located in south-western Poland, which indicated healthy operating margins, a high internal rate of return (IRR) and a short payback period. The PEA calculated the... 

Hampton Hill signs JV with Encounter

By: Esmarie Swanepoel ASX-listed junior Hampton Hill Mining has signed an earn-in and joint venture (JV) agreement with fellow-listed Encounter Resources under which it would secure a 25% shareholding in the Millennium zinc project, in Western Australia. Hampton could earn a 10% interest in the Millennium project by... 

Chalice to earn a share of Canadian project

By: Esmarie Swanepoel Dual-listed gold miner Chalice Gold Mines has signed a joint venture (JV) agreement with Canadian gold explorer Northern Superior Resources, to earn a 65% shareholding in the Croteau Est gold project, in Quebec. Under the terms of the agreement, Chalice would spend C$4-million on exploration at... 

Regal signs on for Ivanhoe projects in the DRC

By: Esmarie Swanepoel ASX-listed junior Regal Resources has inked an agreement with Canada’s Ivanhoe Mines to acquire a 98% interest in a number of exploration permits in the western Katanga Copperbelt, in the Democratic Republic of Congo (DRC). Regal could earn an initial 80% interest in the five permits by spending... 

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Minotaur set to restart Eloise work

By: Esmarie Swanepoel Field work at the Eloise copper joint venture (JV), in Queensland, is expected to resume shortly after the JV partners shook on a new financing plan. Under the initial JV agreement, which was inked in 2014, Golden Fields Resources will earn a 50% interest in the project area from project owner... 

Resource find extends Hera mine life

By: Esmarie Swanepoel ASX-listed Aurelia Metals has reported a 32% increase in the resource tonnage at its Hera gold/lead/zinc project, in New South Wales. Following significant exploration, the Hera resource has increased to 3.2-million tonnes, grading 3.75 g/t gold, 33.4 g/t silver and 3.5% lead, as well as 4.6%... 

Radar withdraws from Brazil iron project

By: Esmarie Swanepoel ASX-listed junior Radar Iron has withdrawn from the Uruara iron-ore project, in Brazil, despite uncovering promising results during a recent diamond drilling and trench sampling campaign. Radar had entered into a farm-in agreement with a private Brazilian company to obtain a 50% interest in the... 

PTM pushes Waterberg resources limit 3.4 km northwards

By: Henry Lazenby Vancouver-based Platinum Group Metals (PTM) has extended the northern limit of the known Waterberg Extension deposit, on the northern limb of South Africa’s Bushveld Igneous Complex. PTM on Monday announced that new intercept WE 049 was located 3.4 km northward beyond the previous resource... 

A year on, Randgold is looking for more Kibali ounces

By: Henry Lazenby After one year of operations, LSE- and Nasdaq-listed Randgold Resources was turning its focus to finding more reserve ounces at the Kibali mine, in the Democratic Republic of Congo (DRC) to secure its future as a long-life mine and one of Africa’s largest gold producers. Randgold developed and... 

Solvista and Rockcliff ink merger accord to further Manitoba projects

By: Henry Lazenby TSX-V-listed juniors Solvista Gold and Rockcliff Resources signed a definitive amalgamation agreement on Friday that would see Solvista acquire all the issued and outstanding common shares of Rockcliff. The all-scrip transaction would combine Rockcliff’s Snow Lake copper/gold/zinc/silver prospect... 

WA weighs new exploration framework

By: Esmarie Swanepoel The Western Australian government was seeking industry feedback on a proposed new exploration framework, which Mines and Petroleum Minister Bill Marmion said would save explorers time and money. The Department of Mines and Petroleum (DMP) has released a consultation paper requesting feedback on... 

Study details economic benefits of WA’s exploration spend

By: Esmarie Swanepoel An economic impact study into the Western Australian Exploration Incentive Scheme (EIS) has revealed that for every A$1-million invested by the state government, the EIS stimulated exploration activity generating A$10.3-million in direct benefits to the state. The study also found that for every... 

Cobre proves lithium technology in Europe

By: Esmarie Swanepoel Perth-based lithium developer Cobre Montana has produced its first battery-grade lithium carbonate from the Cinovec project, in the Czech Republic. The company announced this week that the results, which included leaching and chemical extraction processes, were achieved on a 50 kg sample of ore... 

La Mancha signs up for Interim project

By: Esmarie Swanepoel ASX-listed junior Interim Resources has signed a farm-in agreement with private gold miner La Mancha Resources over the Binduli project, in Western Australia. Under the terms of the farm-in agreement, La Mancha could earn an initial 51% stake in the project by spending A$2.1-million in... 

Planetary Resources launches first of 2 technology demonstration spacecraft

By: Henry Lazenby While some miners were pioneering deep-water marine mining, Planetary Resources this week launched the first of two technology demonstration spacecraft this year, which it eventually intended to use to conduct asteroid prospecting. The Arkyd 3 Reflight (A3R) spacecraft launched on Tuesday from... 

Golden Saint gets go-ahead for bulk sampling at Sierra Leone projects

By: Megan van Wyngaardt The Sierra Leone National Minerals Agency has given Aim-listed diamond development company Golden Saint Resources formal approval to start bulk sampling at its Tongo licence and its Moa project. This was in addition to the existing approval to conduct bulk sampling at its Baja project. 

Wits, Shell South Africa work to bridge geophysics skills gap

By: Anine Vermeulen Oil and gas company Shell South Africa has donated R5-million, over a five-year period, to the University of the Witwatersrand (Wits) to help fund a Seismology Reflection Centre that would assist in easing the significant skills shortage in the geophysics and petroleum engineering fields in... 

Wits, Shell South Africa work to bridge geophysics skills gap
Photo by Duane Daws
Shell South Africa upstream GM Jan Willem Eggink

TNG finds water for Mt Peake

By: Esmarie Swanepoel Vanadium developer TNG has discovered a long-term water supply source for its Mt Peake mine, in the Northern Territory, significantly de-risking the project. TNG reported on Monday that a water drilling programme had discovered a large aquifer system capable of providing a sustainable long-term... 

Nevada Zinc builds on Nevada play’s high-grade mineralisation

By: Henry Lazenby TSX-V-listed explorer Nevada Zinc, formerly Goldspike Exploration, has continued to expand the high-grade, near-surface zinc mineralisation at its Lone Mountain property, in Nevada, with the latest Phase 2 drill holes revealing significant zinc mineralisation in a location more than 200 m from... 

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