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Chesser heads to exit Turkey

By: Esmarie Swanepoel     Updated 15 minutes ago ASX-listed Chesser Resources was expected to exit Turkey by June of this year, with the miner telling shareholders on Friday that it would cease its hunt for new resource opportunities. In September of last year, Chesser announced the sale of its Kestanelik gold project in Turkey, for... 

Pilot Gold frames Turkish exploration project as ideal for current capital markets

By: Henry Lazenby TSX-listed explorer Pilot Gold has completed a new preliminary economic assessment (PEA) for the Halilaga copper/gold porphyry project, in north-western Turkey, sketching metrics for a robust, low strip, technically simple and scalable openpit project, using conventional milling and flotation... 

Wesdome lifts reserves 57% at Eagle River mine, Ontario

By: Henry Lazenby TSX-listed Wesdome Gold Mines has boosted the compliant reserve bases at its Eagle River and Mishi gold mines, west of Wawa, in Ontario. At Eagle River, Wesdome lifted the National Instrument 43-101-compliant proven and probable reserves by 57% to 265 000 oz, grading on average 10.1 g/t gold. 

Junior miners urged to consolidate to enhance survival chances in current environment

By: Anine Vermeulen Junior miners continue to play an increasingly important role in the growth of mining assets through exploration on the African continent and, as emerging producers, constitute an important component of the mineral production chain. However, they face mounting challenges regarding their survival,... 

Junior miners urged to consolidate to enhance survival chances in current environment

Duketon doubles resource estimate in WA

By: Esmarie Swanepoel Junior Duketon Mining has more than doubled the mineral resource estimate at its namesake project in Western Australia, announcing on Thursday that the Duketon project was now estimated to host some 71 000 t of nickel, 26000 t of copper and 144 000 oz of platinum and palladium. The 115% increase... 

India revives sovereign fund for overseas fertilisers

By: Ajoy K Das With India’s foreign exchange reserves touching an all-time high of $322-billion, the country’s Department of Fertilisers has revived a three-year-old proposal to create a sovereign fund for the acquisition of mineral assets overseas. An official said that the proposal was still at a nascent... 

Giyani Gold on the prowl for M&As

By: Henry Lazenby Exploration junior Giyani Gold on Wednesday said it continued to work towards recovering funds owed to it by South African State-owned Corridor Mining Resources (CMR), its joint venture partner on the Giyani gold project, in Limpopo. TSX-V- and JSE-listed Giyani believed that the project area... 

RoF access route land squabble headed to Court of Appeal

By: Henry Lazenby Prospective Ring of Fire (RoF) miners KWG Resources and Cliffs Natural Resources have been given the green light to take their quarrel over the right of way over an isthmus, narrow strip of land, connecting the remote Northern Ontario mining camp with the outside world to the Court of Appeal for... 

Mining boosts world’s poorest regions – ICMM

By: Martin Creamer The global mining industry makes its biggest contribution in the world’s poorest regions, an International Council on Mining & Metals (ICMM) study has found. The study, which became available in published form on Tuesday, finds that mining spurs the growth and development of national economies... 

Mining boosts world’s poorest regions – ICMM
Photo by Duane Daws
Anthony Hodge

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Exploration at Kibo's Haneti project to continue

By: Megan van Wyngaardt Dual-listed Kibo Mining would conduct further exploration at its Haneti nickel project, in central Tanzania, following a positive independent geochemical interpretation report. "With this new report [in] hand, the case for further exploration and development at Haneti is compelling. We are... 

Transition Metals and Implats expand Sunday Lake polymetallic discovery

By: Henry Lazenby Project generator Transition Metals's latest programme of diamond drilling at Sunday Lake, 25 km north of Thunder Bay, Ontario, has confirmed continuity of platinum group metal (PGM) mineralisation over an area about 700 m long and 300 m wide, at depths tested between 370 m to 800 m below... 

Retreating discovery rates and exploration budget cuts to impact industry from 2016

By: Henry Lazenby Retreating discovery rates and reduced exploration will impact global output from 2016 onward. Financial information firm SNL Financial director for the metals and mining database Glen Jones this week said in the low-price environment, discovery rates were exacerbated by budget cutbacks, socio-... 

Retreating discovery rates and exploration budget cuts to impact industry from 2016

African mining investment event revitalised

By: Bruce Montiea This year’s Investing in African Mining Indaba will feature a new addition to the programme – the participation of an influential global figurehead, with former UK Prime Minister Tony Blair as the inaugural speaker presenting the keynote address, says Mining Indaba group marketing director Maria... 

African mining investment event revitalised
Photo by Bloomberg
APPEALING PROSPECTS New programme additions to this year’s Investing in African Mining Indaba will highlight the emerging and most attractive investment opportunities throughout Africa

Banker to identify and finance mining projects at mining event

By: Bruce Montiea Sustainable banking-focused banker Nedbank aims to use the Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 9 to 12 – to find, promote and finance mining projects and companies that are willing to survive tough economic conditions and... 

Banker to identify and finance mining projects  at mining event
MARK TYLER Nedbank is making an effort to get closer to its clients and let them know that, however turbulent the markets are, it is committed to staying by their side

Canada government supporting sustainable African mining

By: Ilan Solomons The Canadian government will highlight recent initiatives demonstrating its commitment to supporting the responsible and sustainable development of Africa’s mineral resources at this year’s Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre... 

Canada government supporting sustainable African mining
CANADA PAVILION International Development and La Francophonie Minister Christian Paradis inaugurating the Canada Pavilion at the 2014 Mining Indaba

Company increases African network through indaba

By: Sashnee Moodley Oil condition monitoring company WearCheck, a member of Setpoint Group, hopes to increase its network on the African continent and reach a new market of mining customers, MD Neil Robinson tells Mining Weekly. The company will exhibit at this year’s Investing in African Mining Indaba, which is... 

Company increases African network through indaba
LAB WearCheck also aims to showcase its interest in wind testing, a deviation from its usual mining-related activities

Consultancy looking for new customers at Mining Indaba 2015

By: David D‘ Oliveira The Investing in African Mining Indaba is an excellent way to elevate the corporate profile of companies operating in the African mining arena, says Australian engineering and project management consultancy Lycopodium Minerals strategic development director Dr Greg O’Neil. Lycopodium will attend... 

Consultancy looking for new customers at Mining Indaba 2015
AFRICAN FOCUS Lycopodium Minerals is looking to showcase its continued focus on African mining at this year’s Investing in African Mining Indaba

Consulting company hopes for a prosperous 2015

By: Bruce Montiea Irrespective of the general negative economic climate, long-term economic value in minerals projects can be achieved once environmental and social issues are built into a company’s strategy and not externalised, says consulting engineering firm SRK Consulting (SA). Chairperson and corporate... 

Consulting company hopes for a prosperous 2015
ROGER DIXON SRK Consulting’s strategy and policy group can facilitate collaborative engagement among mining industry stakeholders

Consulting firm to launch industry reports

By: Bruce Montiea Consulting and risk management firm Deloitte will launch three industry reports detailing the state and the future of mining in Africa, and mining trends on the continent at this year’s Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre... 

Consulting firm to launch industry reports
ANDREW LANE Attending the Investing in African Mining Indaba will enable Deloitte to better understand the challenges that its clients face, thereby enabling the company to better service their needs

Diversified African mining project pipeline promoted

By: Mia Breytenbach Having strengthened its relationship with key potential joint venture (JV) partners and investors, particularly at the 2014 Investing in African Mining Indaba, at this year’s indaba mineral explorer and developer White Rivers Exploration (WRE) will further promote its diversified mineral project... 

Diversified African mining project pipeline promoted
GOLDEN FOCUS The Beisa joint venture project is located next to miner Harmony’s Target gold mine in the Witwatersrand basin

Early results of flagship report to be announced at Mining Indaba

By: David D‘ Oliveira Multilateral development finance institution the African Development Bank (AfDB) will unveil some of the early results of its flagship report ‘Linking Natural Resources to Human Development Outcomes’, produced in partnership with economic empowerment foundation the Bill & Melinda Gates... 

Early results of flagship report to be announced at Mining Indaba
Photo by Duane Daws
DEVELOPING AFRICA Mining can potentially contribute significantly to Africa’s economic transition and human development

Gabon miner to exhibit at indaba for first time

By: Anine Vermeulen Gabon-based mining company Société Equatoriale des Mines (SEM), which will exhibit for the first time at the 2015 Mining Indaba, taking place at the Cape InternationalTown Convention Centre from February 9 to 12, was given a 28.45% stake in manganese producer Compagnie Minière de l'Ogooué... 

Gabon miner to exhibit at indaba for first time
MOANDA METALLURGiCAL COMPLEX Moanda Metallurgical Complex has a capacity of 20 000 t of manganese metal and 65 000 t of sillico-manganese

Gold producer reveals plans for West Africa investment

By: Bruce Montiea With several existing developments in West Africa, internationally diversified low-cost gold producer Nordgold plans to invest further in the region and will update potential investors on its growth strategy at the 2015 Investing in African Mining Indaba, which is taking place at the Cape Town... 

Gold producer reveals plans for West Africa investment
NIKOLAI ZELENSKI Nordgold will discuss the implementation of its sustainable development programmes in the countries where it operates

Know the project risks, urges consultancy

The current “risky environment”, characterised by low commodity prices, rising mining costs and falling productivity, demands that companies have higher levels of technical certainty, states independent engineering and scientific consultancy SRK Consulting. “Challenging economic conditions are... 

Know the project risks, urges consultancy
PRECARIOUSLY POSITIONED As margins for proposed mining projects are under significant pressure owing to softer prices and higher costs, there is less room to deal with project risk

Local geophysics company secures Angola contract

By: Pimani Baloyi South Africa-based airborne geophysics company Xcalibur Airborne Geophysics, which will exhibit at this years’ Investing in African Mining Indaba, has been contracted to work on Angola’s National Geology Plan, the Planageo programme, which will produce credible, processed and mapped information... 

Local geophysics company secures Angola contract
AIRBORNE SURVEYS Xcalibur Airborne Geophysics specialises in ultrahigh resolution magnetics, radiometrics, electromagnetics and gravity surveys

Mining to benefit from minor metals growth

By: Bruce Montiea Africa-based mining projects could benefit from the growth of minor metals, such as tin, graphite and vanadium, says strategic services supplier Core Consultants MD Lara Smith. Smith will deliver a presentation on the subject at this year’s Investing in African Mining Indaba, which will take... 

Mining to benefit from  minor metals growth
Photo by Bloomberg
TRANSITION METAL Vanadium is one of the minor metals that can benefit Africa-based mining projects

Preconference workshop to provide insight into global mining operations

Professional services firm SNL Metals & Mining will host a three-hour preconference workshop that will provide a comprehensive overview of the mining sector on the Monday prior to the official start of the Investing in African Mining Indaba, which will take place at the Cape Town International... 

Preconference workshop to provide insight into global mining operations
CHRIS HINDE A workshop will be presented jointly by SNL Metals & Mining’s reports director Dr Chris Hinde and consultant director Mark Fellows

Private equity’s role in financing mine projects to be addressed

By: Ilan Solomons A keynote speech, entitled Global Risk Capital Trends and the Growing Role of Private Equity in Mining, about the state of private equity in the mining sector, will be delivered by energy-focused global private-equity firm Denham Capital Management MD Bert Koth at the 2015 Investing in African... 

Private equity’s role in financing mine projects to be addressed
Photo by Bloomberg
A TOUGH SELL Most logistics-heavy projects, such as iron-ore and potash projects being developed in West Africa, face significant funding challenges

Senior official represents Oz at Mining Indaba

By: Ilan Solomons The Australian Trade Commission (Austrade), which represents the government’s trade, investment and education promotion arm, will soon announce the name of the senior government official who will represent Australia at the 2015 Investing in African Mining Indaba. Western Australia Premier Colin... 

Senior official represents Oz at Mining Indaba
AUSTRALIA LOUNGE More than 60 Australian companies participated in the Australia Lounge programme during the 2014 Mining Indaba

Software solutions provider to launch new products

By: Bruce Montiea Mining software solutions and services provider MICROMINE Africa will launch the latest versions of its mining operations and geological data solutions, Pitram 2015 and Geobank Mobile 2, at this year’s Investing in African Mining Indaba, which will take place at the Cape Town International... 

Software solutions provider to launch new products
ON SCREEN MICROMINE Africa’s stand at the Investing in African Mining Indaba will be manned by knowledgeable consultants who are able to demonstrate the company’s suite of solutions
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