R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74

Exploration News

New signs of hope for junior miners, says Minerals Council’s Chabana 

By: Simone Liedtke     22nd March 2019 Despite the sector having been relatively unorganised and with junior mining companies rarely given an opportunity to influence national mining policy, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana believes there are “new signs of hope and... 

Now BHP will earn into Luminex projects in Ecuador

By: Creamer Media Reporter      22nd March 2019 Canadian junior Luminex Resources has brought in another major miner to earn into its projects in Ecuador, announcing a letter of intent to enter into a farm-in and joint venture (JV) agreement with BHP over the Tarqui 1 and 2 mining concessions. BHP will have the right to earn up to a 70%... 

Vital suspends Burkina Faso activities on security concerns

By: Esmarie Iannucci     22nd March 2019 Junior Vital Metals has suspended exploration activities in Burkina Faso, citing security concerns. The ASX-listed company, which owns the Nahouri gold project in that country, on Friday noted the ongoing security concerns for Burkina Faso, where a state of emergency has been declared for... 

Australian drilling programme makes promising start

22nd March 2019 A drilling programme at a sizeable anomaly beneath a dry salt lake in South Australia, has been successfully completed with encouraging preliminary geology observations. The Torrens project is located within the Stuart Shelf region of South Australia about 50 km from modern mining company Oz... 

Australian drilling  programme makes  promising start
TO DRILL “ORE” NOT TO DRILL The drilling at the large anomaly has shown promising geological results

EIA recommendations essential for new mining projects

By: Thabi Madiba     22nd March 2019 It is crucial for mining companies to consider the recommendations of all the environmental impact assessments (EIAs) before the start of any new mining projects, says waste management solutions provider Interwaste business development and marketing director Kate Stubbs. Her statement follows the... 

EIA recommendations essential  for new mining projects
Photo by Bloomberg
ENVIRONMENTAL PROTECTION Mining has a large environmental impact that affects not only the health and wellbeing of mining communities

Oliphant urges continued commitment to diamond industry growth 

By: Simone Liedtke     20th March 2019 Mineral Resources Deputy Minister Godfrey Oliphant has urged diamond industry participants to remain committed to efforts to grow and sustain the industry in South Africa. Speaking at the South African Diamond Producers Organisation (Sadpo) conference last week, he said this would yield positive... 

Oliphant urges continued commitment to diamond industry growth
Photo by Creamer Media
Deputy Minister Godfrey Oliphant

AEM delivers more targets in northern Australia

By: Esmarie Iannucci     19th March 2019 The world’s largest airborne electromagnetic survey has revealed potential new mineral and groundwater resources in the Northern Territory and Queensland. Federal Resources Minister Matt Canavan noted that the survey indicated the potential for new mineral deposits including gold, copper,... 

Oriole sampling defines two gold anomalies in Cameroon

By: Marleny Arnoldi     18th March 2019 Aim-listed Oriole Resources has reported a peak assay of 531 parts per billion (ppb) gold, or 0.53 g/t of gold, from 2 119 soil sampling results received for its Wapouzé project, in Cameroon. The company collected material from about 30 cm to 40 cm below surface, within the upper saprolite... 

Diamond industry should be driven by SMMEs – Dr John Bristow

By: Simone Liedtke     15th March 2019 In an industry that’s plagued by a lack of development and depleting assets, diamond exploration, evaluation and mining geologist Dr John Bristow has called on the industry to be driven by small-, medium-sized and microenterprises (SMMEs). Speaking at the South African Diamond Producers... 

Company secures Canadian government funding for final process testwork

15th March 2019 Canadian rare earth elements (REE) exploration company Medallion Resources will receive up to $50 000 in funding from the Canadian federal government, through small and medium-sized enterprises (SMEs) assistance programme the National Research Council of Canada Industrial Research Assistance... 

Company secures Canadian government funding for  final process testwork
Photo by Bloomberg
BY-PRODUCT MONAZITE Monazite sand is available as a by-product of heavy mineral sands mining operations and is recognised as an important commercial source of REEs

Junior miner gets new lease of life with successful refinancing process

By: Rebecca Campbell     15th March 2019 London AIM-listed junior miner African Battery Metals (ABM) announced early this month that it had successfully concluded its refinancing process. Last December, ABM was suspended from trading on the AIM because of its poor financial situation. At that time, its obligations to short-term... 

Ecuador issues enviro permit for Bramaderos copper/gold project

By: Creamer Media Reporter      14th March 2019 The Ecuador Ministry of Environment has issued an environment licence to the Bramaderos gold and copper project, paving the way for diamond drilling to get under way in the next two to three weeks. TSX-V-listed Cornerstone Capital Resources owns the Bramaderos project and ASX-listed Sunstone... 

Barrick and Newmont end hostility with Nevada JV agreement 

By: Simone Liedtke     11th March 2019 Canadian gold major Barrick Gold has ended its hostile takeover offer of US miner  Newmont Mining and instead agreed to create a joint venture (JV) combining their respective mining operations, assets, reserves in Nevada. The two gold miners have been operating independently in Nevada for... 

Barrick and Newmont end hostility with Nevada JV agreement
Newmont Mining CEO Gary Goldberg (left) and Barrick Gold CEO Mark Bristow (right)

Nordic idles Finland gold mine

By: Simone Liedtke     11th March 2019 The Laiva gold mine, in Finland, has been placed on care and maintenance until an alternative mining contractor has been engaged and additional financing has been found, TSX-V-listed Nordic Gold announced over the weekend. The mine, which has failed to improve tonnes and mill grades, is expected... 

SRK Exploration Services appoints John Hunt local manager

By: Marleny Arnoldi     7th March 2019 SRK Exploration Services has appointed John Paul Hunt local manager, representing the Cardiff-based company that works in close collaboration with the SRK Consulting South Africa office in Johannesburg. Prior to joining SRK Exploration, Hunt served as senior exploration geologist at the Council... 

Newmont designates Evrim’s Astro project for option

By: Creamer Media Reporter      7th March 2019 Gold major Newmont Mining has designated the Astro project for option under the terms of an exploration alliance with Canadian junior Evrim Resources. The Astro project is situated on the western margin of the Mackenzie platform, a basin which runs parallel to the Yukon and Northwest Territories... 

NT launches next round of drill funding

By: Esmarie Iannucci     7th March 2019 The Northern Territory government has opened up the twelfth round of collaborative grants for exploration drilling and geophysics. The programme provides collaborative funding of 50% for up to A$125 000 per project of the total costs for drilling and geophysical programmes by industry, for... 

Baxter outlines steps needed to realise full potential of South African mining sector at PDAC

By: Simone Liedtke     6th March 2019 Minerals Council South Africa CEO Roger Baxter on Wednesday outlined the important contribution made by the South African mining sector, the vast potential of the skills that still exists within the industry and the steps that are needed to enable the country’s mining sector to realise its full... 

Baxter outlines steps needed to realise full potential of South African mining sector at PDAC
Photo by Creamer Media's Dylan Slater
Minerals Council South Africa CEO Roger Baxter

Russia wants to join Luxembourg in space mining

By: Reuters     6th March 2019 Russia, a leading producer of natural resources, plans to join Luxembourg in mining for minerals in outer space, Russian Deputy Prime Minister Tatyana Golikova said on Wednesday. Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of... 

Russia wants to join Luxembourg in space mining

South32 eyes another Alaska project

By: Mariaan Webb     6th March 2019 Australian major South32 is advancing its strategy of partnering with junior explorers to access attractive opportunities and has its eye on another project in the US state of Alaska. The miner, which currently has operations in Australia, South Africa and Arizona, has entered into an agreement... 

Australia exploration expenditure up by nearly a quarter last year

By: Esmarie Iannucci     6th March 2019 Exploration expenditure across Australia rose by 24% in 2018, to A$2.2-billion, new data from the Australian Bureau of Statistics (ABS) has shown. The data show that gold attracted the lion’s share of exploration spend, with nearly 41%, or A$891-million, of exploration spend spent on gold... 

Australia exploration expenditure up by nearly a quarter last year

Connemara raises cash from directors, shareholders

By: Creamer Media Reporter      5th March 2019 Irish gold and zinc explorer Connemara Mining has raised £230 000 from directors and existing shareholders, by way of a placing of 18.4-million new ordinary shares 1.25p a ordinary share. For each new share subscribed, the investor will be entitled to one warrant to subscribe for an additional... 

Resource development boost for Canada's far north

By: Mariaan Webb     5th March 2019 The Canadian federal government has announced an investment of C$5.1-million in two projects to support resource development in the mineral-rich Slave Geological Province (SGP) – an area in the eastern Northwest Territories and western Nunavut. The two projects entail planning for the... 

Resource development boost for Canada's far north
An ice road connecting Yellowknife and the Diavik diamond mine, in the Slave region of the Northwest Territories.

Phase 1 drilling at Thorny River completed, bulk sampling expected in Q2

By: Nadine James     28th February 2019 Aim- and Botswana Stock Exchange-listed Botswana Diamonds on Thursday announced that the first phase of the intensification drilling programme at its Thorny River prospect, in South Africa, has been concluded.  Eighteen holes have been drilled with 12 intersecting kimberlite, the company stated... 

Bougouni project’s resource rises by 23%

By: Tasneem Bulbulia     28th February 2019 The Joint Ore Reserves Committee-compliant mineral resource estimate for Kodal Minerals’ 450 km2 Bougouni lithium project, in Mali, has increased by 23%. Kodal on Thursday published the results of an updated resource estimate, which incorporates the results of all definition and extension... 

Kibaran seeks to raise $2.1m through share placement, share purchase plan

By: Simone Liedtke     27th February 2019 ASX-listed Kibaran Resources on Wednesday confirmed that it has received firm commitments from investors to raise $1.1-million through a share placement of 11-million fully paid ordinary shares at an issue price of 10c a share. The issue price represents an 8% discount to the volume-weighted... 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

Freight rates drop as more ships become available – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Initial results confirm gold mineralisation for Cora Gold in Mali

By: Marleny Arnoldi     26th February 2019 Aim-listed Cora Gold has provided initial results from its aircore (AC) and reverse circulation (RC) drill programme at the Sanankoro gold discovery in the Yanfolila Gold Belt, in Mali, where the focus has been on outlining higher grades. Highlights from the results include 8 m at 3.17 g/t gold... 

Assore earnings up, dividend maintained 

By: Martin Creamer     26th February 2019 Mining and marketing company Assore on Tuesday reported 20% higher headline earnings to R2.92-billion in the six months to December 31, buoyed by an improved price basket and weaker exchange rate. Assore's jointly controlled Assmang recorded headline earnings of R4.29-billion, an increase of 23%... 

Assore earnings up, dividend maintained
Assore image on latest presentation booklet.

KGL raises funds for Jervois drilling

By: Esmarie Iannucci     26th February 2019 ASX-listed KGL Resources will raise up to A$6.5-million through a share placement to fund exploration work at its Jervois copper project, in the Northern Territory. Some 21.67-million new shares will be issued at a price of 30c each, to raise the funds. 

Barrick sees Newmont merger as unprecedented value creator 

By: Martin Creamer     25th February 2019 Gold mining company Barrick on Monday announced that it had made a proposal to the Newmont board of directors to merge with Newmont in an all-share transaction, saying a combination of the two companies would form the world’s best gold company with unprecedented potential for value creation.... 

Barrick sees Newmont merger as unprecedented value creator
Barrick president and CEO Dr Mark Bristow

Kavango raises £500 000 to accelerate Botswana base metals exploration

By: Marleny Arnoldi     25th February 2019 LSE-listed Kavango Resources has raised £500 000 through a placing of around 17.8-million shares of 0.1p each at a price of 2.8p apiece. Each placing share has a warrant attached that is exercisable at a price of 12p, giving the warrant holder the right to an additional half a warrant,... 

Cornerstone partners with Newcrest in Ecuador

By: Mariaan Webb     20th February 2019 Australian miner Newcrest has entered into an option and farm-in heads of agreement with Canadian junior Cornerstone Capital Resources, focusing on two early-stage projects in south-central Ecuador. In terms of the agreement, a subsidiary of Newcrest has an option to earn up to a 75% interest in... 

Shareholders remain unconvinced of Intrepid/AIC merger

By: Esmarie Iannucci     20th February 2019 The share price of ASX-listed Intrepid Mines fell by more than 6% on Wednesday after the company resurrected a merger agreement with fellow-listed AIC Resources. Intrepid’s initial off-market takeover bid for AIC fell flat earlier this year, after the company’s offer of one Intrepid share for... 

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Price premiums boosting quality-focused Kumba Iron Ore
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Far discovers new pegmatite dykes at Manitoba project

By: Creamer Media Reporter      19th February 2019 Canadian junior Far Resources has discovered five new pegmatite dykes at its Zoro lithium project, near Snow Lake, in Manitoba. This brings the total number of mineralised pegmatites discovered so far at Zoro to 13, covering at least a third of the 3 005 ha property. Each of the five new dykes... 

Musgrave opens base metals options at Cue

By: Esmarie Iannucci     19th February 2019 ASX-listed Musgrave Minerals has struck a joint venture (JV) agreement with Cyprium Australia over the non-gold rights at the northern tenements of the Cue project, in Western Australia. With an initial A$10 000 payment, Cyprium will have an exclusive 90-day option period in which to elect to... 

Kumba pays dividend, boosts safety, explores, creates local jobs

By: Martin Creamer     19th February 2019 Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher... 

Kumba pays dividend, boosts safety, explores, creates local jobs
Kumba Iron Ore CE Themba Mkhwanazi
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