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Kinross completes Aurelian Resources and Fruta del Norte divestment

By: Henry Lazenby     Updated 6 hours ago TSX- and NYSE-listed Kinross Gold on Wednesday said it had completed the divestment of all of its interest in Aurelian Resources and the Fruta del Norte project, in Ecuador, to Fortress Minerals, a member of the Lundin Group of Companies, for $240-million. Payment consisted of $150-million in... 

Valence declares maiden reserve in South Australia

By: Esmarie Swanepoel ASX-listed Valence Industries has reported a maiden ore reserve of 261 000 t of graphite at the Uley project, in South Australia. Valence officially reopened the Uley mine in November this year, announcing plans to restart production pending the approval of the state government. 

Magnis signs offtake deal over Tanzanian graphite

By: Esmarie Swanepoel Junior graphite developer Magnis Resources has inked an offtake agreement with China National Materials Industry Import and Export Corporation (SINOMA) from the Nachu project, in Tanzinia. Under the terms of the offtake agreement, SINOMA would purchase some 80 000 t/y of graphite, across all... 

Near-term catalysts place Integra Gold on the fast track to production

By: Henry Lazenby Two significant near-term catalysts were shaping up to keep Integra Gold Corp investors intrigued and would contribute to help differentiate the Canadian project developer from its peers, who are competing for capital in a tough junior market environment. Speaking to Mining Weekly Online from... 

Near-term catalysts place Integra Gold on the fast track to production
Photo by Integra Gold Corp
Drilling at the Parallel Zone at Lamaque South, Quebec

Windsor Gold hopeful to start washing gold from BC soil this spring

By: Henry Lazenby Pending the completion of a crowdfunded campaign to raise $1-million, that would allow it to upgrade its fleet of mining equipment, junior explorer Windsor Gold Mining and Exploration is eager to start washing placer gold from the high-grade soils of the Cariboo region, of the central interior of... 

Windsor Gold hopeful to start washing gold from BC soil this spring
Photo by Windsor Gold Mining and Exploration
Canadian Creek, British Columbia

Aurelia raises cash for Hera exploration

By: Esmarie Swanepoel Metals miner Aurelia Metals has launched a non-renounceable rights issue to raise some A$10-million to fund a drilling campaign at it Hera-Nymagee project, in New South Wales, as well as to pursue potential growth transactions. The miner said on Tuesday that it would offer eligible shareholders... 

Lillymay gets first resource estimate - Syndicated

By: Esmarie Swanepoel ASX-listed Syndicated Metals has announced a maiden Joint Ore Reserves Committee complaint mineral resource of 225 295 t, grading 2.3% copper and 0.02 g/t gold at its Lillymay satellite deposit, in north Queensland. The project, which is estimated to host some 5 250 t of copper, forms part of... 

Gold miners report new discoveries

By: Henry Lazenby Gold producers Aurico Gold and Yamana Gold on Monday reported that 2014 exploration programmes had resulted in new discoveries at Aurico’s Kemess East project, in north-central British Columbia, and Yamana’s El Penon gold/silver mine, in Chile, and Chapada, in Brazil. TSX- and NYSE-listed Aurico... 

Cobre takes lithium technology to Europe

By: Esmarie Swanepoel ASX-listed Cobre Montana has inked a memorandum of understanding (MoU) with fellow-listed European Metals to hunt for lithium resource at the Cinovec mine, in the Czech Republic. Under the MoU, Cobre would undertake test work to assess the caliber of a Joint Ore Reserves Committee Compliant... 

Samco Gold to acquire Peruvian base metals project

By: Henry Lazenby Argentina-focused Samco Gold on Friday announced that it had signed an agreement to buy two Peruvian subsidiaries of Mantaro Resources for about $3.4-million in cash and scrip, which would give it control over exploration and mining concessions over the Dino polymetallic property. Samco would... 

Goldspike’s high-grade zinc discovery could fill looming market void

By: Henry Lazenby Goldspike Exploration, focused on the Lone Mountain zinc/lead deposit in Eureka County, Nevada, this week reported that assay results from its Phase 1 drilling campaign had confirmed a significant new discovery of high-grade zinc mineralisation. The TSX-V-listed explorer, with a track record of... 

Goldspike’s high-grade zinc discovery could fill looming market void
Photo by Goldspike Exploration
Lone Mountain project, Nevada

Minbos granted licence over Angola phosphate project

By: Esmarie Swanepoel ASX-listed Minbos Resources and its joint venture (JV) partner Petril Projects have secured new licences for the Cabinda phosphate project, in Angola. The two new licences, awarded by the Angolan Ministry of Geology and Mines, would be issued for a term of five years, renewable for a further... 

Sheffield adds to Thunderbird resource

By: Esmarie Swanepoel Mineral sands developer Sheffield Resources has increased the mineral resource at its Thunderbird project, in Western Australia, to more than three-billion tonnes. The project was now estimated to have a measured, indicated and inferred resource of 3.2-billion tonnes, grading 6.8% heavy mineral... 

Strateco Resources files motion to sue Quebec government for $190m

By: Henry Lazenby Uranium explorer Strateco Resources is claiming C$190-million from the Quebec government in a motion it filed with the Superior Court of Quebec on Thursday to institute proceedings. Boucherville, Quebec-based Strateco was seeking damages for the loss of its mothballed flagship Matoush project, in... 

Strateco Resources files motion to sue Quebec government for $190m

Diamond demand to outstrip supply

By: Dylan Slater In the next decade, the demand for diamonds will be less than what the industry can supply through its current mining trends and available working mines, says diamond miner De Beers. 

Diamond demand to outstrip supply
THE DIAMOND DREAM De Beers’ diamond dream requires nurturing and protecting by implementing sound best practices throughout the diamond value chain to ensure its legacy is upheld

Ghaghoo mine starts small

By: Dylan Slater Botswana’s newly established Ghaghoo diamond mine, owned and operated by London-listed Gem Diamonds, will be operated on a ‘small mine basis’ until the value of the resource is fully understood, Gem Diamonds tells Mining Weekly. 

Ghaghoo mine  starts small
GHAGHOO MINE The focus for Ghaghoo mine in 2015 is to ramp up production to mine and treat at a yearly rate of 720 000 t of ore, producing 210 000 ct of diamonds

Probe Mines consolidates ownership in Borden project, Ontario

By: Henry Lazenby TSX-V-listed Probe Mines late on Wednesday announced that it had consolidated ownership over the entire 70 km strike length of the Borden Gold Belt, in Ontario. The Toronto-based explorer signed and subsequently consummated a definitive agreement to acquire Boises Landrienne, a subsidiary of... 

Largo commissions study to examine Maracas Menchen’s platinum potential

By: Henry Lazenby Vanadium producer Largo Resources on Wednesday announced that it had commissioned a prefeasibility study to examine the potential to produce saleable platinum concentrates at its Maracas Menchen mine, in Bahia, Brazil. As part of the current vanadium production process, run-of-mine platinum... 

Pacific Niugini looks for more exploration in PNG

By: Esmarie Swanepoel ASX-listed Pacific Niugini was looking to increase its footprint in Papua New Guinea, with the company announcing this week that it was in preliminary discussions, and had signed confidentiality agreements, regarding the potential acquisition of an exploration tenement in the area. The... 

Ivanhoe signs up more than 650 employees for Platreef project site work

By: Henry Lazenby Africa-focused Ivanhoe Mines has employed more than 650 men and women at its flagship Platreef project, on South Africa’s Bushveld Igneous Complex’s Northern Limb, in Limpopo, with residents of Mokopane holding more than 500  jobs, representing 78% of the total workforce. After starting site... 

Chinese firm Zijin Mining buys C$81m stake in BC based Pretium

By: Henry Lazenby China’s largest gold miner Zijin Mining has agreed to buy a 9.9% stake in British Columbia-based Pretium Resources, who is working to advance the high-grade Brucejack gold project in the province’s north, for C$80.87-million. Vancouver-based Pretium said on Monday that it would issue to Zijin... 

Acacia Mining satisfies conditions precedent for South Houndé earn-in

By: Henry Lazenby West Africa-focused gold explorer Sarama Resources on Monday reported that Acacia Mining (formerly African Barrick Gold) had satisfied the conditions precedent of an agreement that would see Acacia earn a 70% interest in the South Houndé project, in Burkina Faso. Under the terms of the agreement,... 

Kidman starts litigation against debtor KBL

By: Esmarie Swanepoel ASX-listed Kidman Resources on Monday launched litigation against debtor KBL Mining and two of its directors in the Victorian Supreme Court in a bid to prevent a noteholder meeting from proceeding. The litigation relates to proposed amendments to the terms of KBL’s convertible notes. 

Anglo American withdraws from Peru copper project

By: Henry Lazenby Multinational miner Anglo American on Friday said it would withdraw from the Michiquillay copper project, in Peru, citing the current economic environment as a key driver to prioritise its capital to drive greater returns. The LSE-listed company said it had given notice to the government of Peru... 

Mozambique delivering on promised regulations as well as rubies and mineral sands

By: Keith Campbell Mozambique Mineral Resources Ministry Permanent Secretary Alfredo Nampete has given the assurance that the country’s government was in the final stages of drawing up the ordinances for the Mineral and Petroleum Laws. Speaking in the last week of November in the country’s capital, Maputo, he... 

Vanadium demand expected to increase

By: Zandile Mavuso The vanadium market shows significant upside opportunities and robust economies, which will benefit different sectors in the future, says Aim-listed Bushveld Minerals exploration manager Luke Longridge. 

Positive fed decision on diamond project bumps-up Shore Gold stock

By: Henry Lazenby The TSX-listed stock of diamond explorer Shore Gold on Thursday morning jumped nearly 24% after Canadian federal Environment Minister Leona Aglukkaq announced a favourable environmental assessment decision for the company’s Star-Orion South diamond project, in Saskatchewan. The Saskatoon-based... 

Australian exploration incentive heads to Parliament

By: Esmarie Swanepoel The federal government on Thursday tabled legislation before Parliament to support junior explorers in their resource hunt. The exploration development incentive was aimed at fostering the discovery of new resource deposits and would encourage investment in eligible junior exploration companies... 

Australian exploration incentive heads to Parliament

Latest round of WA exploration funding to support 41 projects

By: Esmarie Swanepoel The Western Australian government has released its tenth round of the exploration incentive scheme (EIS) offering A$4.69-million to 41 drilling and prospecting projects in the region. Mines and Petroleum Minister Bill Marmion said the scheme was helping to underwrite Western Australia’s... 

Austin welcomes cornerstone investor

By: Esmarie Swanepoel Junior explorer Austin Exploration has welcomed UK institutional investor Lanstead Capital as a cornerstone investor, after the company took a 19.8% shareholding in ASX-listed Austin, valued at A$4.5-million. Lanstead would subscribe for 59-million new ordinary shares, at a price of 7.65c each. 

Hastings Rare Metals' scoping in WA proves positive

By: Esmarie Swanepoel A scoping study into ASX-listed Hastings Rare Metals’ Yangibana project, Western Australia, has revealed that it could support a one-million tonne a year operation, with a mine-life of some 15 years. The scoping study estimated that the project could deliver some 2 700 t/y of neodymium oxide,... 

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