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Exploration News

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 The proliferation and streamlining of technological advancements in energy-storage systems, as well as the demand for batteries in the global electric vehicle (EV) market, are driving the need for technology minerals – such as lithium and graphite, which are increasingly used in lithium-ion... 

Good geology, favourable policy underpin stable mining industry

By: Nadine James     1st July 2016 South American mining countries Argentina, Brazil, Chile and Peru have adequately managed the 2015 commodities crash, as their mining industries remain stable with a positive outlook, advises international market researcher BMI Research. BMI commodities analyst Molly Shutt notes that the... 

Good geology, favourable policy underpin stable mining industry
Photo by Bloomberg
MOUNTAINOUS POTENTIAL South America's vast mineral reserves ensure that its countries have relatively stable mining industries

Joburg technical library comes out of mothballs and opens doors to public

By: Dylan Slater     1st July 2016 The public now has access to Johannesburg-based mining, engineering and related disciplines library The Technical Library through a membership programme, after having been outsourced from diversified miner Anglo American.  

Joburg technical library comes out of mothballs and opens doors to public
INFORMATION ON HAND The Technical Library staff provide source-specific material for members of the engineering and mining industry

Kazakhstan elected tenth member of mineral reporting standards body

By: Mia Breytenbach     1st July 2016 Kazakhstan had been elected to be the tenth member of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO).   The National Reporting Organisation for Kazakhstan will be the KAZRC Association, which has developed the Kazakhstan Reporting Code, while the Recognised... 

Kazakhstan elected tenth member of  mineral reporting standards body
Photo by Bloomberg
REPORTING ADVANTAGE The KAZRC will enable public reporting of Kazakhstan’s exploration results, mineral resources and mineral reserves to be in a format expected to support investors

Las Bambas on track

     1st July 2016 The Las Bambas copper mine, in Apurímac, Peru, is still expected to produce between 250 000 t and 300 000 t of copper concentrate in 2016. The mine, a joint venture between multinational resource company MMG and Hong Kong investment company Guoxin International Investment Corporation, reported a... 

Las Bambas on track
LAS BAMBAS CONCENTRATOR Mine management have transferred responsibilities for the concentrator plant from the construction team to the operations team

Mariana launches PEA on high-grade Hot Maden project, Turkey

By: Henry Lazenby     30th June 2016 Australian gold explorer Mariana Resources has launched a preliminary economic assessment (PEA) on its high-grade Hot Maden project, in north-east Turkey this week, hoping that the completed study would be a catalyst for increased investor interest. The Sydney-based company on Monday advised that... 

Northern Star finding ‘gold in every direction’ at Jundee

By: Mariaan Webb     30th June 2016 The Jundee gold mine near Wiluna, in Western Australia, is set for a “long, lucrative life”, as Northern Star’s drilling programme has identified extensive new areas of high-grade mineralisation up to 800 m from the existing operations. MD Bill Beament said on Thursday that the results of the... 

Lithium X appoints former Rockwood executive as COO

By: Henry Lazenby     29th June 2016 Lithium explorer and project developer Lithium X Energy has appointed former Rockwood Lithium Latin America president and CEO Eduardo Morales as its COO, effective immediately. Morales brought 36 years of experience as a chemical engineer to the junior company and was critical in building and... 

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Exploration success at New Gold’s New Afton C-zone could boost mine life beyond current plan

By: Henry Lazenby     29th June 2016 TSX- and NYSE MKT-listed gold producer New Gold late on Monday reported that exploration results from its British Columbia-based New Afton mine’s C-Zone could potentially add a further five years to the mine’s life at current throughput rates. The company announced that results from the C-Zone... 

Eric Sprott takes position in Golden Predator

By: Henry Lazenby     28th June 2016 TSX-V-listed Golden Predator Mining has announced a private placement in the company by Eric Sprott for gross proceeds of $7.3-million, through the issuance of ten-million non-flow through units at C$0.73 each. The company also received further financing of up to 6.5-million flow-through units at... 

BHP Billiton to spend $900m on copper and oil exploration

By: Mariaan Webb     27th June 2016 Diversified mining major BHP Billiton would spend about $900-million on exploration in the next financial year, focusing on opportunities in copper and oil. The exploration budget represented about 18% of BHP Billiton’s overall capital budget of $5-billion for the 2017 financial year, head of... 

BHP Billiton to spend $900m on copper and oil exploration
The Shenzi development in the Gulf of Mexico, which BHP Billiton discovered in the 2000s. The company continues to build its acreage position in the area.

In taking 39.5% stake, TomaGold partners with Goldcorp at Sidace Lake

By: Henry Lazenby     24th June 2016 Montreal-based TomaGold has bought a 39.5% interest in the Sidace Lake project from junior Planet Exploration, the company said on Thursday. In doing so, the company partnered with Goldcorp, which held the remaining 60.5% of the project, located 25 km north-east of Balmertown, in the renowned Red... 

Atlas Copco launches automated surface drill rig

By: Dylan Slater     24th June 2016 Equipment manufacturer Atlas Copco in April launched its automated surface drill rig – the SmartROC – to the South African industry in the mining town of Kathu, in the Northern Cape.  

Atlas Copco launches automated surface drill rig
AUTO DRILLING The drill setup and drill cycle of the Atlas Copco SmartROC drill can be run with a touch of a button

Consider rest of Africa as well, potential mining investors urged 

By: Ilan Solomons     24th June 2016 Young business people that are wanting to get involved in the mining industry should broaden their horizons and not limit themselves by focusing on South Africa alone, as there many opportunities in the rest of the African continent also exist, Small Business Development Minister Lindiwe Zulu... 

Consider rest of Africa as well, potential mining investors urged
UPS AND DOWNS The mining sector is cyclical in nature and will therefore provide significant opportunities for those that are able to ride out the market’s current headwinds

Developer attracts partners of proven gold pedigree

     24th June 2016 The joint ventures (JVs) secured by London-headquartered mineral exploration and development company Kodal Minerals with gold producer Resolute Mining and Australia-based mining corporation Newcrest Mining, following its May acquisition of Perth-based precious metals explorer International... 

Developer attracts partners of proven gold pedigree
NEWCREST MINING The Australian company has been involved in a new joint venture with Kodal Minerals, acquiring a significant portfolio in West Africa

Incremental mine development key for gold sector

By: Simon Sonnekus     24th June 2016 In the face of global capital constraints, gold mining companies have been forced to look into alternative options for the development of mines. The gold mining industry is known traditionally for larger-sized operations that require the establishment of a large reserve base as well as large... 

Incremental mine development key for gold sector
Photo by Bloomberg
GROWTH The steady gold price has been a bright light in an otherwise deflated commodities market

Preparations for drilling, trenching at Moz ruby project on schedule

By: Ilan Solomons     24th June 2016 On-site activities in preparation for the start of drilling and trenching at ASX-listed junior miner Mustang Resources’ Montepuez ruby project, in Mozambique, are progressing on schedule, says company MD Christiaan Jordaan. He points out that Mustang has established an exploration base camp,... 

Preparations for drilling, trenching at Moz ruby project on schedule
GETTING STUCK IN Mustang has established an exploration base camp, mobilised critical processing equipment and completed the refurbishment of access roads

Remote operations, automation and use of analytics among the mining shifts highlighted in new report

By: Dylan Slater     24th June 2016 Global management consulting company VCI released its third edition of its yearly report on innovation in the global resource industry during the Southern African Institute of Mining and Metallurgy’s New Technology and Innovation in the Mining Industry colloquium, which was held from June 9 to 10... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Analyst urges caution as lithium excites and pitfalls multiply 

By: Simon Rees     23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... 

Analyst urges caution as lithium excites and pitfalls multiply
Photo by Reuters
Rockwood's Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile

Gem International sees big diamond potential at Angola flagship

By: Henry Lazenby     23rd June 2016 Vancouver-based explorer Gem International Resource sees bonanza diamond potential at its flagship Dala project, in Angola, and is preparing plans for the immediate development of alluvial diamond deposits, followed with systematic exploration that would hopefully result in discovering... 

Gem International sees big diamond potential at Angola flagship

Progress being made at West African Resources’ Tanlouka project

By: Anine Kilian     23rd June 2016 Aim-listed West African Resources (WAR) has started a $12.5-million feasibility study at its Tanlouka gold project, in Burkina Faso, with the mine’s metallurgical test work drilling programme also nearing completion. “The company has presented the project to the National Commission of Mines and... 

Armadale raises cash for Tanzania project

By: Anine Kilian     23rd June 2016 Aim-listed Armadale Capital has raised £825 000 through the placing of 41.25-million shares at 2p apiece with new and existing investors.   The proceeds would support the development of the Mahenge Liandu graphite project, in southeast Tanzania, which the company is in the process of acquiring.... 

Alto wraps up Sandstone acquisition, strengthens board

By: Mariaan Webb     23rd June 2016 Gold and uranium explorer Alto Metals on Thursday reported that it had completed the acquisition of the Sandstone gold project, in the East Murchison region of Western Australia. The acquisition was brought forward following the successful negotiation of a heritage agreement with the holders of... 

Balancing exploration and project development key for Fission at PLS

By: Henry Lazenby     22nd June 2016 Exploration superstar Fission Uranium is gearing up for a C$13.3-million summer campaign at its flagship Patterson Lake South (PLS) project in the relatively underexplored Western Athabasca basin, in northern Saskatchewan, and is looking to balance its exploration activities with the objective of... 

Balancing exploration and project development key for Fission at PLS
Photo by Fission Uranium
Patterson Lake South, Saskatchewan

Peninsula upbeat about South Korea graphite projects

By: Anine Kilian     21st June 2016 ASX-listed Peninsula Mines reported on Tuesday that its applications over a number of graphite tenements at the Janggohang graphite mine, in South Korea, had been succesful. Peninsula’s Korean subsidiary, Suyeon Mining, has filed four tenement applications over blocks Janggohang 139, Janngohang... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Ivanhoe confirms Kamoa’s high-grade Kakula extension, decline progress ahead of plan

By: Henry Lazenby     20th June 2016 The first six holes drilled by Africa-focused project developer Ivanhoe Mines confirm an expanded, thick, flat-lying, bottom-loaded zone of high-grade copper mineralisation at the southern part of the Kakula discovery of the Kamoa copper project, in the Democratic Republic of Congo. Ivanhoe’s... 

Ivanhoe confirms Kamoa’s high-grade Kakula extension, decline progress ahead of plan
Photo by Ivanhoe Mines
Kamoa drilling, Democratic Republic of Congo

Independence Gold stock spikes 35% as Goldcorp takes 19.9% stake

By: Henry Lazenby     20th June 2016 Canadian gold major Goldcorp on Monday caused the TSX-V-listed stock of junior Independence Gold soar 35% after it announced that it would take a 19.9% stake in the company giving Goldcorp access to a project portfolio that ranges from early-stage grassroots exploration to advanced-stage resource... 

Independence Gold stock spikes 35% as Goldcorp takes 19.9% stake

Gemfields’ latest ruby auction raises $44.3m in revenue

By: Anine Kilian     20th June 2016 Aim-listed Gemfields’ latest auction of ruby extracted from its 75%-owned Montepuez ruby mine, in Mozambique, earned revenues of $44.3-million. The auction, held in Singapore this month, recorded average realised prices of $29.21/ct. Forty-four companies placed bids at the auction, which offered... 

Eastmain launches $10m bought deal offering, broadens Quebec exploration scope

By: Henry Lazenby     17th June 2016 TSX-listed Eastmain Resources has launched a $2-million work programme, including 5 000 m of diamond drilling at the Éléonore South joint venture (JV) property, in Quebec's James Bay gold district. The programme would be managed by TSX-V-listed Azimut Exploration and also include partner... 

Armadale Capital to acquire Tanzania graphite project

By: Mia Breytenbach     17th June 2016 Aim-quoted natural resources projects developer Armadale Capital has entered into a heads of terms agreement to acquire the Mahenge Liandu graphite project in south-east Tanzania. The company entered into the agreement with Australian company Graphite Advancement Tanzania (GAT), which, through a... 

Armadale Capital to acquire Tanzania graphite project
Photo by Bloomberg
PROPOSED PROGRAMME Armadale’s geologists are currently finalising a proposed work programme with the aim of delineating a Joint Ore Reserves Committee-compliant resource at Liandu

PTM’s new Maseve mine exploiting one of remaining pieces of Merensky ore

By: Dylan Slater     17th June 2016 Precious metals producer Platinum Group Metals (PTM) is set to capitalise on one of the last outcrops of the Merensky reef in Rustenburg, Limpopo with its newly commissioned Maseve mine.  

Australia’s Orion starts maiden drilling programme in S Africa

By: Mariaan Webb     16th June 2016 ASX-listed Orion Gold has started its maiden drilling programme at the Marydale gold project and the historical Prieska Copper (PC) zinc/copper project, in South Africa’s Northern Cape, the company reported on Thursday. The Marydale project is a virgin gold discovery of possible epithermal... 

Klondex expects True North development decision in Q3

By: Henry Lazenby     15th June 2016 Junior gold producer Klondex Mines expects to make a development decision on its recently acquired True North gold mine, formally known as the Rice Lake mine, in Manitoba, following a mineral resource update expected in the third quarter. The TSX-listed miner advised that it expected to recover... 

Nemaska to graduate to TSX main board, achieves financing milestones

By: Henry Lazenby     15th June 2016 Quebec-based project developer Nemaska Lithium on Wednesday announced that the TSX has conditionally approved the listing of its common shares. Listing of the shares was subject to the currently TSX-V-listed company’s compliance with all of the requirements of TSX on or before September 8, and... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski
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