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Exploration News

Guinea’s One-Stop Shop to assist with integrated projects, boost mining sector

By: Mia Breytenbach     22nd July 2016 The World Bank Group, the African Development Bank (AfDB) and the government of Guinea have launched the One-Stop Shop – a facility for business procedures that will simplify and accelerate the processing of licences, permits and other approvals for integrated mining and infrastructure projects.... 

Mintek uses mining slump to overhaul analytical services laboratory ahead of upturn

By: Dylan Slater     22nd July 2016 State-owned mineral and metallurgical innovation company Mintek unveiled its newly overhauled analytical services division (ASD) earlier this month, declaring the new facility an investment in both its and the mining industry’s future. 

Mintek uses mining slump to overhaul analytical services laboratory ahead of upturn
MODERN LABORATORY Mintek undertook a complete revamp of its analytical services division to ensure it has a modern, efficient laboratory by the time the mining industry experiences the next upswing

Ruskoway outlines ambitious plans to develop diverse asset portfolio

By: Ilan Solomons     22nd July 2016 South African junior mining and exploration company Ruskoway is intent on developing its four diversified mineral resource projects in South Africa, says Ruskoway project manager Siyabonga Sibiya. The company’s Fonte Verde platinum-group metals (PGMs), nickel and copper deposit is located near... 

Ruskoway outlines ambitious plans to develop diverse  asset portfolio
IRON MINERALISATION Ruskoway’s latest testwork on Matayo has established that a final product of up to 69% iron maghemite can be produced

Significant ironore supply-demand imbalance persists

By: Robyn Wilkinson     22nd July 2016 Internationally, the iron-ore industry continues to battle constrained operating conditions, caused by near-static demand and a surplus supply of good-quality iron-ore, negatively impacting on the iron-ore price, says mining consultancy The MSA Group head of geology Dr Brendan Clarke. 

Significant ironore supply-demand imbalance persists
MAJOR STRATEGY Rio Tinto and BHP Billiton have countered low iron-ore prices by increasing production volumes at their mines

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Queensland to release new land for exploration

By: Megan van Wyngaardt     20th July 2016 Queensland Natural Resources and Mines Minister Dr Anthony Lynham plan to release 826 km2 of land for minerals, coal, petroleum and natural gas exploration over the next 12 months. The seven areas range from Cloncurry in the north-west, through the Bowen basin in central Queensland, to near Surat... 

Queensland to release new land for exploration

Kibali on track to meet FY guidance despite sequencing headaches

By: Henry Lazenby     19th July 2016 Africa-focused miner Randgold Resources remains on track to meet the 600 000-oz-plus guidance for its Kibali mine, in the Democratic Republic of Congo (DRC), despite experiencing some sequencing difficulties at the mill. According to CEO Mark Bristow, the company had resolved certain expected... 

Colombian Mines soars on $4m Nevada gold property buy

By: Henry Lazenby     19th July 2016 The TSX-V-listed stock of prospect generator Colombian Mines jumped more than 57.14% on Tuesday, after it struck a purchase option accord with a private equity party for the high-grade Pamlico gold project in Mineral County, Nevada, for $4-million. Colombian Mines said visible gold dominated the... 

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Turkish gold miners operate unhindered during attempted coup

Aguia advances Três Estradas phosphate project

By: Samantha Herbst     18th July 2016 Based on a positive resource update reaffirming the potential value of its flagship Três Estradas phosphate deposit, in southern Brazil, ASX-listed fertiliser developer Aguia Resources has confirmed its intention to commence with a bankable feasibility study (BFS) once additional project... 

Turnbull names new Resources Minister, expands Environment and Energy portfolio

By: Megan van Wyngaardt     18th July 2016 Australian Prime Minister Malcolm Turnbull has made minor changes to his Cabinet, removing the position of a sole Environment Minister and replacing it with an expanded Environment and Energy portfolio, headed by former Resources Minister Josh Frydenberg. Greg Hunt will move from the environment... 

Turnbull names new Resources Minister, expands Environment and Energy portfolio
Australian Prime Minister Malcolm Turnbull

RTG Mining raises $15m in oversubscribed placement

By: Mariaan Webb     15th July 2016 TSX- and ASX-listed RTG Mining has received commitments to raise $15-million in a private placement, which the company said on Friday was “heavily” oversubscribed. RTG noted that the strong demand for the placement reflected the quality of the high-grade, near-term copper/gold production... 

Permanent shaft-sinking starts at Ivanhoe’s Platreef project

By: Henry Lazenby     14th July 2016 Permanent sinking work has started on Shaft 1 at the Platreef platinum-group metals/nickel/copper/gold mine in South Africa, proponent Ivanhoe Mines reported Thursday. The 7.25-m-wide Shaft 1, was planned to give initial access for early underground development at the Flatreef deposit and would... 

Kefi shakes up board of directors, roles

By: Creamer Media Reporter      13th July 2016 As Aim-listed Kefi Minerals transitions into gold production, will, from August, restructure its board of directors. Overall, the board would comprise two executive directors and three nonexecutive directors, with individuals adjusting their roles to suit the changing needs of the company. 

Richmont’s quarterly output falls 31% on planned lower grades, looks for more gold

By: Henry Lazenby     12th July 2016 Boutique gold producer Richmont Mines has recorded a near-31% drop in gold output during the three months ended June 30, as it worked through planned lower grades at its flagship Island Gold mine in Ontario. Toronto-based Richmont early on Tuesday reported consolidated output of 23 320 oz of gold... 

Banro sets new production records at DRC gold mines

By: Henry Lazenby     12th July 2016 Canadian gold producer Banro has achieved new production records at both its operating assets in the Democratic Republic of Congo (DRC), producing a combined 49 673 oz of gold during the second quarter ended June 30. So far this year, total production stood at 93 865 oz of gold, in-line with the... 

Lithium bubble floats higher as investors ignore dangers

By: Simon Rees     11th July 2016 Lithium is in a bubble and many investors have taken positions in companies with little prospect of achieving a market presence, let alone creating value, Resource Maven newsletter writer Gwen Preston told Mining Weekly Online in a recent interview. “Lithium stocks are in a bubble and many of... 

Lithium bubble floats higher as investors ignore dangers
Photo by Reuters
Lithium stocks are in a bubble and many of them have outperformed the market

Endeavour closes C$144m financing, accelerates West Africa exploration strategy

By: Henry Lazenby     11th July 2016 Endeavour will use the net proceeds of a freshly closed C$143.75-million bought deal financing to accelerate its grassroots exploration efforts at its West African assets. The TSX-listed company saw further organic growth opportunities by significantly expanding the current exploration programmes... 

Hot Chili raises A$4.4m in oversubscription of shares, JV partner buys additional 2.5% in Productora

By: Samantha Herbst     8th July 2016 ASX-listed junior developer Hot Chili has raised A$4.4-million, against a target of A$2.5-million, following a successful placement of shares at a discounted average price of 5c a share – 10.7% less than the company’s last close of 5.6c. The placement exceeded its target, as it was heavily... 

Bada’s initial drill phase set for August

By: Nadine James     8th July 2016 Resource company Essel Group Middle East (EGME) expects to start Phase 1 of its drilling programme for its Bada potash project, in Eritrea, next month. EGME CEO Punkaj Gupta says the remainder of its 2016 exploration campaign will primarily be focused on drilling test holes to examine the layers... 

Bada’s initial drill  phase set for August
HOT PROSPECT The Bada licence is located in the northern-most part of Danakil depression where temperatures can exceed 50 °C

Botswana’s uranium, coal reserves could breathe new life into mining sector

By: Nadine James     8th July 2016 Africa’s impending infrastructure boom, in conjunction with the persistent need for reliable power supply, indicates that Botswana’s coal and uranium reserves could provide new opportunities in terms of exploration, beneficiation and mineral exports, according to the Botswana Chamber of Mines... 

Botswana’s uranium, coal reserves could breathe new life into mining sector
CHARLES SIWAWA The Khoemacau copper project and the Letlhakane uranium project are the most significant projects under way in Botswana

Call for African mining professionals to attend event

     8th July 2016 Technology developer Maptek is inviting African mining professionals to gather at Switch on Innovation, the company's technology conference, to learn how Maptek technology can fulfil their productivity and safety goals. “African mines need solutions that help achieve their business goals,” says... 

Call for African mining professionals to attend event
SURVEYING TECHNOLOGY New three-dimensional scanning technology from Maptek allows maps to be made of a wide array of different mines

Canadian miner well positioned to build Houndé

     8th July 2016 The planned ramp-up of Canadian gold miner Endeavour Mining’s Karma mine in  north-central Burkina Faso and the strength of its other operations has ensured that the company is well positioned to build its Houndé project, which will further enhance the quality of its portfolio, CEO Neil Woodyer... 

Canadian miner well positioned to build Houndé
IMITATION GAME Houndé’s construction will replicate that of Endeavour’s Agbaou mine, in Côte d'Ivoire

Changing mining landscape shapes trends

By: Nadine James     8th July 2016 During a mining industry downturn – which typically occurs every 10 to 15 years – the exploration and funding landscape changes; this has implications for Africa, which aims to drive development through mining, says mining consultancy The MSA Group. In 2011, iron-ore and copper were extremely... 

Measured, indicated mineral resources increase at tin project

     8th July 2016 Tin explorer and developer Alphamin Resources has announced a 34% increase in the measured and indicated mineral resources at the Mpama North prospect at its Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). 

Measured, indicated mineral resources increase at tin project
POSSIBLE CASH COW The Industrial Technology Research Institute is forecasting a significant shortage in the supply of tin from 2018

Miner signs biggest spherical graphite offtake agreement to date

     8th July 2016 ASX-listed Syrah Resources has signed a spherical graphite five-year offtake agreement with Japanese trading and investment conglomerate Marubeni Corporation, representing the largest spherical graphite offtake agreement signed to date, notes Syrah MD Tolga Kumova. Syrah’s flagship Balama project... 

Miner signs biggest spherical graphite  offtake agreement to date
Photo by Bloomberg
INDUSTRIOUS MINER Syrah Resources' Balama operation will produce about 350 000 t/y of graphite over a mine life of 42 years

Ngualla project’s BFS on track for Q1 2017

By: Nadine James     8th July 2016 ASX-listed development company Peak Resources expects the bankable feasibility study (BFS) for its Ngualla rare earths project, in Tanzania, to be completed in the first quarter of 2017, advancing the project close to production. Peak MD Darren Townsend says the slight delay in the start of the... 

Ngualla project’s BFS  on track for Q1 2017
LOW-COST PROJECT Peak Resources has spent a fraction of what other developers have spent on developing their projects

Policy body advancing implementation of African Mining Vision

     8th July 2016 Policy implementation body the African Mineral Development Centre (AMDC) – established to support, promote and assist in the implementation of the objectives of the African Mining Vision (AMV) – has presented at workshops across Africa on initiatives that are expected to drive continental growth... 

Policy body advancing implementation of African Mining Vision
Photo by Reuters
COMMODITIES CORRIDOR The African Mineral Development Centre is advocating for for multistakeholder, and interdisciplinary collaboration on resource corridor development

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Report predicts further declines in exploration activity this year

By: Ilan Solomons     8th July 2016 For the global mining industry, 2015 was a challenging year and early indications suggest that 2016 is unlikely to reveal the light at the end of the tunnel for the sector, states professional services firm SNL Metals & Mining. The firm notes that with depressed metals prices, production... 

Report predicts further declines in exploration activity this year
IN A HOLE With depressed metals prices, high levels of international political turmoil and a slowing Chinese economy, investors are understandably wary of the mining industry

West, Central African expo emphasises recalibrating for growth

     8th July 2016 The theme of this year’s West and Central African (WaCA) Mining Summit & Expo ‘Recalibrating for Growth’ has been specially selected to reflect the dynamism and resilience of the mining industry in the region as it overcomes challenges such as low prices, volatile demand and fickle global sentiment. 

West, Central African expo emphasises  recalibrating for growth
CORNERSTONE EVENT The West and Central African Mining Summit & Expo attracts mining professionals from over 30 countries in and around the WaCA mining community, as well as from Asia, Australia, Canada, South Africa, the US and the UK

Bacanora moves headquarters to UK, advances Sonora DFS

By: Henry Lazenby     7th July 2016 Mexico-focused lithium developer Bacanora Minerals on Thursday announced it would re-domicile from Canada to the UK. The company said its Aim listing garnered more investor interest, as demonstrated by the addition of two significant institutions to its shareholder register in the last eight... 

Historic data on Sunrise’s Nevada precious metals claims warrants further exploration

By: Henry Lazenby     7th July 2016 London’s Aim-listed Sunrise Resources has acquired historic data from previous explorers on the company’s Clayton silver/gold project, indicating that further drilling was indeed warranted. Historic exploration carried out in the 1980s by Freeport McMoRan and Coeur Exploration had delivered some... 

Altura signs native title agreement for Pilgangoora lithium project

By: Mia Breytenbach     7th July 2016 ASX-listed lithium developer Altura Mining has agreed to the terms of a native title agreement (NTA) with the Njamal People, the traditional owners of the land at Altura’s 100%-owned Pilgangoora lithium project, in the Pilbara region of Western Australia. The signing of the NTA was the final... 

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket

By: Henry Lazenby     5th July 2016 Zimbabwe-focused gold producer Caledonia Mines raised its annualised dividend by 22% to $0.055 a share on Monday, underpinned by increased output as a result of the company’s turnaround strategy at the flagship Blanket mine. “We have increased the dividend not based on improved gold prices, but... 

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket
Photo by Caledonia Mining
Central Shaft construction at Caledonia Mining's 49%-owned Blanket mine, Zimbabwe

Embattled Condor Blanco appoints administrators

By: Mariaan Webb     5th July 2016 Embattled exploration company Condor Blanco Mines, whose founder has been prosecuted for a series of offences, has appointed a voluntary administrator. Domenic Calabretta from Mackay Goodwin announced on Tuesday that he had been appointed administrator of the company, whose shares were suspended... 

India’s Mines Minister moots profit contribution by miners for exploration

By: Ajoy K Das     5th July 2016 India’s Mines and Steel Ministry has urged mining companies to allocate 10% of their profits to exploration projects. “The allocation of profits by the mining industry would enable India to harness the true potential of the country’s mineral resources,” Mines and Steel Minister Narendra Singh... 

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