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Oz backs Minotaur findings in South Australia

By: Esmarie Swanepoel Junior explorer Minotaur Exploration has identified a number of new copper-gold targets around producer Oz Minerals’ Prominent Hill operation, in South Australia, which would now be investigated further. In October of last year, the two companies signed a heads of agreement that allowed Minotaur... 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Geology data of Botswana district launched for public perusal

By: Dylan Slater Exploration and earth sciences company Geosoft launched its Botswana Geoscience Portal last month, which is a partnership initiative with the Botswana Geoscience Institute and industry sponsors. Data available on the Botswana Geoscience Portal includes airborne geophysics, ground geophysics and... 

Gold explorer reports positive results from Tanzania campaign

By: Mia Breytenbach East Africa-focused gold producer, developer and explorer Shanta Gold has intersected encouraging mineralisation at its Ilunga prospects, in south-west Tanzania. Drilling at Ilunga forms part of Shanta Gold’s regional exploration programme within and surrounding its flagship asset, the New Luika... 

Gold explorer reports positive results from Tanzania campaign
Photo by Bloomberg
ADDED ASSETS In addition to its flagship asset, the New Luika Gold Mine, Shanta Gold has ongoing regional exploration programme within and surrounding the mine

Insights into mining climate in Burkina Faso and Côte d’Ivoire

By: Ilan Solomons Conducting mining and exploration activities in Burkina Faso and Côte d'Ivoire are not without challenges, but both countries hold “great potential” for determined exploration and mining companies, mineral exploration company Predictive Discovery (PD) MD Paul Roberts tells Mining Weekly. PD has... 

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

By: Dylan Slater The job prospects for the growing number of South African mining engineering graduates has become increasingly uncertain as a result of the plunge in commodities prices. In fact, mining industry leaders, who attended the University of the Witwatersrand's (Wits') School of Mining Engineering... 

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

Society aims to integrate more students into mining sector

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Pioneer signs option over WA lithium project

By: Esmarie Swanepoel ASX-listed junior Pioneer Resources has entered into an option agreement to acquire a 90% interest in the Donnelly lithium project, in Western Australia. Under the terms of the agreement, an initial payment of A$10 000 was due for an exclusive option, and would pay the vendors A$1-million in... 

Arizona Mining closes C$15.6m financing with Osisko Gold Royalties

By: Henry Lazenby Canadian mineral exploration and development company Arizona Mining has closed a C$15.6-million financing with Osisko Gold Royalties, enabling Arizona to undertake an aggressive drill campaign at its flagship Taylor deposit, and for general working capital uses. TSX-listed Arizona has sold a 1%... 

With permits in hand, Mexus starts mine construction

By: Henry Lazenby US exploration firm Mexus Gold US has received all environmental and mining permits required to start work on the area that will become Mexus’ openpit heap leach mine on the Julio/Santa Elena property, located 54 km northwest of Caborca, Mexico. The company advised on Monday that it would clear... 

Market slowdown sinks Precision Drilling’s Q1 performance

By: Henry Lazenby A marked decline in business activity during the quarter ended March 31 has pushed North American oil and gas industry services provider Precision Drilling’s earnings into negative territory, forcing it to suspend its dividend. The Calgary, Alberta-based company on Monday reported that activity... 

Randgold to start geophysical survey over Loncor's Ngayu project

By: Henry Lazenby Africa-focused gold miner Randgold Resources will start a geophysical survey over joint-venture (JV) partner, TSX-listed Loncor Resources' Ngayu project, in the Democratic Republic of Congo (DRC). LSE- and Nasdaq-listed Randgold will make use of high-resolution, helicopter-deployed,... 

Nevsun, Reservoir merge to create new midtier base metals company

By: Samantha Herbst Dual-listed base metals miner Nevsun Resources has agreed to acquire TSX-listed Reservoir Minerals for about $365-million to create a new, diversified midtier base metals mining company. 

As gold rises, life becomes 'interesting' for Otis with million-ounce-plus potential

By: Henry Lazenby In light of the bolder gold price in recent months, gold majors looking for their next growth projects now have an ideal window in which to secure future growth projects, before institutional investors once more become bullish on mining prospects and send share prices higher, says Otis Gold CEO... 

As gold rises, life becomes 'interesting' for Otis with million-ounce-plus potential

African Potash inks participation agreement as Windmill deal falls through

By: Samantha Herbst Aim-listed exploration company African Potash announced on Friday that its fertiliser trade agreement with Southern Africa-based fertiliser producer Windmill has been terminated, owing to the drought currently affecting much of Southern Africa, which has had a marked impact on the fertiliser... 

Indian provinces rush to float exploration companies

By: Ajoy K Das Indian provincial governments are rushing to establish their own mineral exploration companies. Faced with the opening up of mineral exploration to private investors and the imperative to upgrade explorations levels before putting mineral blocks up for auction, several mineral-rich provinces,... 

Australian junior paving way for bulk sampling at Mozambique ruby project

By: Ilan Solomons ASX-listed junior miner Mustang Resources will start a trenching and drilling programme next month at its Montepuez ruby project, in northern Mozambique, to identify the most prospective target zones. Mustang MD Christiaan Jordaan tells Mining Weekly that equipment for the bulk sampling programme... 

Australian junior paving way for bulk sampling at Mozambique ruby project
MONTEPUEZ RUBY PROJECT Desktop studies and fieldwork have been completed, with initial ruby targets identified for bulk sampling

Metals of Africa reports ‘excellent’ metallurgical results at Moz graphite projects

By: Mia Breytenbach “Exceptional initial metallurgical results” support the recently-announced concept studies results showing that ASX-listed exploration company Metals of Africa’s products from its Mozambique graphite projects are likely to be among the lowest operational expenditure (opex) and highest grade... 

Metals of Africa reports ‘excellent’ metallurgical results  at Moz graphite projects
Photo by Metals of Africa
NEXT STEP A bulk sampling program is underway to generate several tonnes of sample for pilot plant test work and metallurgical test work for multiple end-users

New drill rig alignment tool drastically slashes rig set-up time

By: Dylan Slater Australia-based mining technology firm Minnovare’s drill rig alignment tool, the Azimuth Alinger, is delivering “unprecedented” efficiency to the underground drilling process by substantially reducing rig set-up time, the company claims.  

Laramide ticker lights up on positive update of Westmoreland PEA

By: Henry Lazenby Dual-listed explorer and project developer Laramide Resources has completed an updated preliminary economic assessment (PEA) on its flagship Westmoreland project, in Australia’s Northern Territory, bumping-up its Toronto-listed stock by almost 36% on Thursday. Laramide reported improved project... 

Archer signs MoU for Leigh Creek

By: Esmarie Swanepoel Junior explorer Archer Exploration has paved the way for the development of its Leigh Creek magnesite project, in South Australia, with the signing of a memorandum of understanding (MoU) with a local operating magnesite mine. Under the MoU, Archer and an unnamed party would work together to... 

Lithium juniors outperform on expected future demand 

By: Henry Lazenby In the wake of Tesla Motors' introduction of the 'Model 3' mass market electric vehicle (EV), lithium development and exploration company share prices have exploded. This was despite Tesla not having sold (or even built) a single Model 3 yet. Tesla would also not have it on the road for years,... 

Lithium juniors outperform on expected future demand
Electric vehicles charging

Argonaut buys another Canadian project

By: Esmarie Swanepoel Minerals explorer Argonaut Resources has acquired a second Canadian lithium project. The ASX-listed junior told shareholders on Tuesday that the company had agreed to purchase the Greenbush Lake lithium project, where previous exploration had confirmed high grades from existing rock chip sampling. 

Core raises funds to hunt for lithium

By: Esmarie Swanepoel Junior explorer Core Exploration would raise A$2.2-million through a share placement to fund its hunt for lithium in the Northern Territory. The company said on Tuesday that it would place some 52-million shares, at a price of 4.2c each, to raise the funds. 

Denham Capital seeks upside advantage during downturn

By: Simon Rees With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... 

Denham Capital seeks upside advantage during downturn

Canadian enviro agency invites comments on Northcliff’s tungsten/moly play

By: Henry Lazenby A 30-day comment period has started for TSX-listed Northcliff Resources’ majority-owned Sisson tungsten/molybdenum project. The Canadian Environmental Assessment Agency (CEAA) had progressed its permit application to the public comment phase, signalling a significant milestone in the... 

Ontario once more budgets a billion for RoF development, private sector takes action

By: Henry Lazenby For the third consecutive year, the Liberal Ontario government has made a C$1-billion commitment toward development in the emerging Ring of Fire (RoF) nickel/chromite mining camp, in the province’s remote far north. The RoF presented a multigenerational economic opportunity for the province, with... 

Ontario once more budgets a billion for RoF development, private sector takes action

Companies ink deal to co-market hard-rock mining services in Africa

By: David Oliveira Australian underground hard-rock mining contractor PYBAR Mining Services announced a three-year agreement with LSE-listed drilling services company Capital Drilling earlier this month for the comarketing of underground hard-rock mining services in Africa. Capital Drilling is headquartered in... 

Infill drilling at DRC copper project to start next month

By: David Oliveira Canadian exploration and development company Ivanhoe Mines executive chairperson Robert Friedland announced earlier this month that the company and its joint venture partner Chinese miner Zijin Mining were preparing to accelerate a planned infill drilling programme on the Kakula discovery area at... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

By: Ilan Solomons Despite having more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges such as social and environmental pressure from communities living near... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

Peregrine Diamonds outlines 2016 Botswana exploration work programme

By: Mia Breytenbach TSX-listed explorer Peregrine Diamonds’ 2016 planned work programme for its Botswana diamond exploration programme is expected to start this month, and will continue until late November, the company announced late last month. Peregrine’s primary assets in Botswana are 11 prospective diamond... 

Peregrine Diamonds outlines 2016 Botswana exploration  work programme
Photo by Peregrine Diamonds
WORK PLAN Peregrine Diamonds’ 2015 diamond exploration programme focused on two main target verification projects at Moralane and Malolwane, including drill testing

SA base metals sector neglected – explorer

By: Nadine James South Africa’s base metals sector is underdeveloped, owing to neglect and disinterest, says base metals explorer Horomela Resources, which is undertaking the first phase of its noninvasive prospecting programme on 14 zinc, copper, silver and lead properties in the Namaqualand region of the... 

SA base metals sector neglected – explorer
ABONGILE MDINGI Diversification towards base metals is imminent in South Africa

Vanadiumcorp launches vanadium electrolyte process partnership

By: Henry Lazenby Project developer Vanadiumcorp has entered into discussions with interested parties including academia, energy storage companies, government organisations, vanadium industry professionals and independent contractors as it seeks to develop favourable metallurgy and processing of material from its... 

Kidman weighs lithium potential at gold project

By: Esmarie Swanepoel ASX-listed Kidman Resources has launched a technical review into the lithium potential at its Mt Holland project, in Western Australia, after receiving ‘strong’ interest for the possible sale of lithium and tantalum rights over the gold project. Kidman in December last year entered into a... 

Lithium Americas aligns with key strategic market movers

By: Henry Lazenby Mere weeks after forming a 50/50 joint venture (JV) with global chemicals company Sociedad Química y Minera de Chile (SQM) to develop the significant Cauchari-Olaroz lithium project in Jujuy, Argentina, Canadian project developer Lithium Americas (LAC) has signed a nonexclusive memorandum of... 

Lithium Americas aligns with key strategic market movers

Giyani CFO steps down

Ron Reed has resigned as CFO of gold exploration company Giyani Gold, effective April 5. Executive chairperson Duane Parnham would serve as acting CFO until a successor was appointed. 

Goldstone cuts back expenses, secures short-term loan

By: Natasha Odendaal Aim-listed Goldstone Resources has secured a short-term loan of up to $100 000 for general working capital from major shareholder Aim-listed Stratex International. Stratex, which held a 33.45% interest in Goldstone, agreed to provide an unsecured, short-term loan repayable on or before December... 

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