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Miners increasingly looking to renewable energy sources to drive operational savings

By: Creamer Media Reporter Current pressures on the mining sector is driving increased interest in the cost savings and power security advantages that renewables could provide mining operations. To this end, a record number of mining leaders would meet with renewable energy and finance experts to network and share... 

Secova to take advantage of lower exploration costs in moving QC project up value curve

By: Henry Lazenby Junior explorer Secova Metals expected to complete work on compiling historic data at the early stage Duvay project, in Quebec, within about three weeks, enabling it to build a model that would inform a planned $500 000 drilling campaign in the fall. Secova chairperson and CEO Brad Kitchen told... 

Canadian mining and refinery project ready for financing

By: Bruce Montiea Canadian precious-metals and specialty minerals projects developer Fortune Minerals is pursuing financing solutions and offtake agreements for its Nico gold/cobalt/bismuth/copper project, a vertically integrated development comprising a proposed mine in Canada’s Northwest Territories and a... 

Canadian mining and  refinery project ready  for financing
MINERAL RICH The Nico deposit contains significant cobalt and gold, as well as 12% of global bismuth reserves

Fission Uranium achieves critical milestone through Triple R PEA

By: Henry Lazenby Takeover target Fission Uranium has completed a preliminary economic assessment (PEA) on the high-grade uranium resource identified to date on the Triple R uranium deposit, at its 100%-owned Patterson Lake South (PLS) property, in Canada's Athabasca basin region of Northern Saskatchewan. The PEA... 

Fission Uranium achieves critical milestone through Triple R PEA

Pangolin closes oversubscribed private placement for Botswana exploration

By: Henry Lazenby Botswana-focused diamond explorer Pangolin Diamonds has closed an oversubscribed private placement for gross proceeds of $628 621, 25% over the original financing target. The company said on Thursday that the proceeds of the offering would be used for drilling, geological-geophysical and sampling... 

Nearctic Nickel sues Quebec government for taking three claims

By: Henry Lazenby Nearctic Nickel Mines has sued the Quebec Ministry of Energy and Natural Resources for allegedly taking three territories from the Expo Ungava property, in 2008, to create three mining leases issued to Canadian Royalties Nearctic subsidiary, Ungava Mineral Exploration (UMEI), had recently taken... 

Proxy advisory firms support Lake Shore Gold’s Temex takeover offer

By: Henry Lazenby Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have backed Lake Shore Gold’s binding proposal to buy project developer Temex Resources. The company explained on Wednesday that under the terms of the proposal, Temex shareholders would receive, for... 

Obama heads to Arctic community on last day of Alaska tour

By: Reuters President Barack Obama on Wednesday will become the first sitting US president to visit a community north of the Arctic Circle, a trek the White House hopes will bring into focus how climate change is affecting Americans. After meeting tribal leaders and fishermen in Dillingham, home to the... 

Obama heads to Arctic community on last day of Alaska tour
Photo by Reuters
US President Barrack Obama views a receding glacier on a trip to Alaska.

Canada's Conservatives to extend mining tax credit if re-elected

By: Reuters Canada's ruling Conservatives, seeking to retain power in a federal election on October 19, promised on Wednesday to extend exploration tax credits available to mining firms by three years starting in 2016/17. Canada is a major centre for the world's metal and mineral exploration companies.... 

Ivernia to shift focus to lead mining through $30m Geo Zone deal

By: Henry Lazenby Canadian miner Ivernia hopes to position itself as a base metal mining, exploration and development company with a focus on lead metal through a $30-million deal to buy Geo Zone Exploration. Ivernia said on Tueday that it would acquire all the Geo Zone's outstanding shares by issuing about... 

Obama pushes for more US ice-breaking might in Arctic

By: Reuters President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the US Arctic, where quickly melting sea ice has spurred more maritime traffic, and the US has fallen far behind Russian resources. The move, part of a push to convince Americans to support... 

Iberian advances Cehegin project as iron-ore continues to face strong headwinds

By: Simon Rees TSX-V-listed Iberian Minerals has illustrated its ability to move forward despite the strong headwinds currently being faced by iron-ore producers. The Alberta-based iron-ore development company owns the Cehegin project, in Murcia, south-eastern Spain, which has garnered the attention of... 

Iberian advances Cehegin project as iron-ore continues to face strong headwinds

Goldgroup issues shares for Cerro Prieto acquisition, negotiating promissory note demand

By: Henry Lazenby Project developer Goldgroup Mining has issued 16.5-million common shares to Oroco Resource Corp regarding it 2013 acquisition of the Cerro Prieto project, in Mexico. As part of the purchase agreement, Goldgroup committed to issue the shares or, at its option, pay $4.13-million to Oroco by August... 

Exploration spend still tight – ABS

By: Esmarie Swanepoel While the latest exploration figures from the Australian Bureau of Statistics (ABS) indicated some improvements in greenfield exploration, the Association of Mining and Exploration Companies (Amec) said there was still a long way to go. The ABS revealed on Monday that, in original terms, mineral... 

New US law a boost for space exploration aspirations

By: Henry Lazenby The US House of Representatives took a firm stance on commercial space exploration when it passed the Space Resources Exploration and Utilisation Act of 2015 (SPACE Act) in May, providing an opportunity for companies to get off the ground and embrace a new era of space pioneering. “I think that... 

New US law a boost for space exploration aspirations

PDAC welcomes consultation draft to reform Canada’s fragmented capital markets

By: Henry Lazenby The Prospectors and Developers Association of Canada (PDAC) has applauded the release of a revised consultation draft of the Capital Markets Act (CMA) and initial regulations for consultation, labelling it a key milestone in the transition to a cooperative capital markets regulatory system.... 

Geotech analysis made easier with monitoring system

By: Bruce Montiea Australia-based exploration and emerging producer Havilah Resources in June bought a surface laser monitoring and tracking system to use at its opencut Portia gold mine, in South Australia. The mine will use the Sentry monitoring system, designed by mining software, hardware and services provider... 

Geotech analysis made easier with monitoring system
OBSERVING Maptek’s Sentry surface laser monitoring and tracking system simplifies geotech analysis

New US law a boost for space exploration aspirations

By: Henry Lazenby The US House of Representatives took a firm pro stance in the advance to commercial space exploration when it passed the Space Resources Exploration and Utilisation Act of 2015 (SPACE Act) in May, providing an opportunity for companies to get off the ground and embrace a new era of space... 

New US law a boost for space exploration aspirations

Metals companies mandated to undertake exploration in India

By: Ajoy K Das The Indian government has tasked three government-owned mineral and metal companies to act as specialised geological exploration agencies. Iron-ore miner NMDC, integrated steel producer Steel Authority of India Limited (SAIL) and iron-ore pelletisation company KIOCL would join the ranks of... 

Echo gets a takeover offer

By: Esmarie Swanepoel The share price of ASX-listed junior Echo Resources increased by nearly 16.5% on Thursday, after the company announced that it had received an indicative, nonbinding takeover offer of 15c a share in cash. The company noted that the third-party proposal was conditional and subject to the... 

Talga triples resources

By: Esmarie Swanepoel ASX-listed Talga Resources has tripled its total indicated and inferred resource inventory across Sweden with the announcement of a maiden Joint Ore Reserves Committee-compliant resource at the Jalkunen graphite project. A maiden inferred resource of 31.5-million tonnes, grading 14.9% graphitic... 

Fortune Minerals sells remaining Hemlo equipment for $415 000

By: Henry Lazenby Project developer Fortune Minerals has replenished its coffers through the sale of the remaining equipment it salvaged from the Golden Giant mine, at Hemlo, in Ontario. While the equipment was originally meant for use at the proposed Nico gold/cobalt/bismuth/copper development, in the Northwest... 

Kidman declares initial resource at Burbanks

By: Esmarie Swanepoel ASX-listed Kidman Resources has reported an initial mineral resource of 99 000 oz, at 5.6 g/t, at its Burbanks gold project, in Western Australia. The project, which was acquired by Kidman for A$3-million in May, was scheduled to start milling underground ore in September. Kidman was currently... 

Minotaur inks new exploration deal in Qld

By: Esmarie Swanepoel ASX-listed Minotaur Exploration has signed a A$3.5-million exploration deal with the Japan Oil, Gas and Metals National Corporation (Jogmec) over Minotaur's tenements south of Cloncurry. Under the terms of the agreement, Jogmec would spend a minimum of A$500 000 in the first year of the joint... 

KWG gains strategic Ring of Fire claims

By: Henry Lazenby Junior project developer KWG Resources has clinched a deal to acquire five strategic claims straddling Ontario’s nascent Ring of Fire (RoF) mining district. The company planned to issue seller MacDonald Mines Exploration with about $100 000 in scrip to acquire the Hornby property, located in an... 

Nevada Copper gets green light to build Pumpkin Hollow

By: Henry Lazenby The City of Yerington has given TSX-listed Nevada Copper permission to immediately start with any work necessary to develop its Pumpkin Hollow copper project. “With all permits in hand and land title aspects complete, Nevada Copper will focus on financing options as it now can begin construction... 

Study indicates Congo phosphate project can repay development cost in 26 months

By: Ilan Solomons A definitive feasibility study (DFS) of phosphates project developer Cominco Resources 100% owned Hinda phosphate project indicates it has capacity to repay the $601-million development cost on the project within 26 months of production. Cominco says the DFS demonstrates that the Hinda project is... 

Study indicates Congo phosphate project can repay development cost in 26 months
HINDA PROJECT SITE The Hinda deposit is one of the world’s largest and thickest undeveloped phosphate Joint Ore Reserves Committee-compliant ore reserves

The roles of aviation in supporting mining

By: Keith Campbell Mining depends on infrastructure. So much so that mining companies sometimes have to build and operate their own railways, ports and power stations, in parts of the world in which such essentials are non-existent or woefully inadequate. And those parts of the world tend to be rather isolated or... 

The roles of aviation in supporting mining

Two firms partner with Integra to facilitate C$1m gold hunting challenge

By: Henry Lazenby Project developer Integra Gold on Thursday revealed that geoscience firm Aranz Geo and engineering firm WSP Parsons Brinckerhoff have joined the company’s C$1-million Gold Rush challenge. Integra had in June launched the project as a form of crowd sourcing, which the company hoped would lead it... 

Perplexed Eldorado threatens legal action against Greek permit suspension

By: Henry Lazenby Multinational miner Eldorado Gold has threatened legal action against the Greek government’s suspension of its Skouries and Olympias gold project development permits, in Halkidiki, northern Greece. "We are most disappointed and perplexed by this entirely inappropriate decision of the Ministry,... 

Funding dearth stalls junior Santa Fe from drilling likely BC discovery

By: Henry Lazenby A lack of investor interest to finance the junior mining industry has seen many an exploration project stall, preventing their owners from getting out in the field to drill resources and develop what would be the world’s next new mines. One such frustrated company was Santa Fe Metals with its... 

TSX-V consents to Caribou's 63% acquisition of Namibian graphite mine

By: Henry Lazenby TSX-V-listed Caribou King Resources has received a nod of approval from the stock exchange to proceed with an option to acquire an initial 63% of the Aukam graphite mine, located on 38 850 ha, in southern Namibia, where owner Next Graphite had started testing lump graphite for quality and purity,... 

This year’s Joburg Indaba slated for mid-October

By: Ilan Solomons The 2015 Joburg Indaba will paint a picture of how the future mining industry will be defined and what stakeholders are prepared to action, asserts investment conference organiser Resources 4 Africa. The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg from October 14... 

This year’s Joburg Indaba slated for mid-October
STAYING POSITIVE The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg from October 14 to15, aims to provide a positive narrative in overcoming industry challenges to progress to a better future

Mining Phakisa can help unlock mining, exploration investment – Chamber

By: Terence Creamer The Chamber of Mines (CoM) has expressed optimism that the upcoming Mining Phakisa Laboratory, scheduled for October, will enable South African mining stakeholders to begin tackling prevailing impediments to mining and exploration investment and address issues undermining the competitiveness of... 

Mining Phakisa can help unlock mining, exploration investment – Chamber
Photo by Duane Daws
President Jacob Zuma

U3O8 Corp well positioned to take advantage of approaching uranium upside

By: Simon Rees The restart of reactor No 1 at the Sendai nuclear plant, in Japan, this week was potentially a harbinger of a rising tide for the uranium industry, underpinned by China’s rapidly expanding fleet of nuclear reactors and other countries seeking to expand their nuclear capabilities as their... 

U3O8 Corp well positioned to take advantage of approaching uranium upside

Anaconda targeting 'aggressive organic growth' from Newfoundland platform

By: Henry Lazenby TSX-listed Anaconda Mining, the only pure play gold miner east of Quebec, has set itself the goal of roughly doubling its current gold output through aggressive organic growth and a loftier target of adding about 100 000 oz/y to its portfolio through mergers and acquisitions (M&As). Speaking at... 

Potash Ridge to buy Valleyfield Fertilizer to fast-track SOP production

By: Henry Lazenby Project developer Potash Ridge has agreed to buy all of the issued and outstanding common shares of Valleyfield Fertilizer, to advance its goal of becoming a sulphate of potash (SOP) producer. Over the last two years, Valleyfield, a privately owned corporation registered in Quebec, had advanced... 

As second project ramps up, Serabi Gold on prowl for M&A growth

By: Henry Lazenby Bolstered by a second project delivering ore to its mill, dual-listed miner Serabi Gold has plans to use its first-mover status in the Tapajos region of Para state, Northern Brazil, to look for suitable acquisitions as low metal prices and a muddled financing market have taken their toll on... 

As second project ramps up, Serabi Gold on prowl for M&A growth
Photo by Serabi Gold
Serabi Gold's Palito primary crusher, Northern Brazil.
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