http://www.miningweekly.com
R/€ = 14.45 Change: -0.14
R/$ = 13.63 Change: -0.16
Au 1203.91 $/oz Change: 9.21
Pt 985.00 $/oz Change: 3.50
 

Exploration News

Tawana starts feasibility work at Bald Hill

By: Esmarie Swanepoel     Updated 5 hours ago The Bald Hill lithium and tantalum project, in Western Australia, has moved into the feasibility study stage, following a positive conceptual engineering study. “We are extremely pleased with the outcome of the conceptual study at the Bald Hill mine. This has allowed us to move confidently into... 

Victory raises cash for Bolivian work

By: Esmarie Swanepoel     Updated 5 hours ago ASX-listed Victory Mines will raise some A$2.4-million in a share placement to institutional investors, to fund the exploration and development work at its Bolivian projects. The junior on Monday said that it will place 208.83-million shares, at 1.1c each, to raise the funds. 

Empire signs option over Evolution ground

By: Esmarie Swanepoel     Updated 6 hours ago Gold developer Empire Resources has entered into a two-year option agreement to acquire gold miner Evolution Mining’s interest in two prospective copper/gold licences in Western Australia. Under the terms of the agreement, Empire will meet all the expenditure commitments, while retaining an... 

Lower costs, higher grades are key for U3O8 to attract attention in difficult market

By: Henry Lazenby     14th January 2017 Uranium-focused resource companies paid attention to the changing uranium landscape this week after major producer Kazakhstan said it would curtail output by 10%, pushing spot prices higher. One of them was project developer U3O8 Corp, which is focused on uranium and by-product commodities at its... 

As Kazakh market discipline points to price trough, uranium developers focus on lower costs

By: Henry Lazenby     13th January 2017 News this week that Kazakhstan will curtail its uranium output by about 10% this year has sent spot prices to the highest levels since September, provoking cautious optimism among market observers that the trough has been traversed. “I think that this move signals a fundamental change in... 

As Kazakh market discipline points to price trough, uranium developers focus on lower costs
Photo by Fission Uranium
Fission Uranium chairperson and CEO Dev Randhawa

Rio’s Kennecott abandons Mexico JV with junior Azure

By: Esmarie Swanepoel     13th January 2017 The share price of junior Azure Minerals tumbled by 17% on Friday after a subsidiary of Rio Tinto abandoned a potential copper/gold/silver joint venture project, in Mexico. The subsidiary, Kennecott Exploration Mexico, had been conducting exploration programmes over the Promotorio asset since... 

Image doubles resources in WA

By: Esmarie Swanepoel     13th January 2017 Mineral sands developer Image Resources has doubled the mineral resource at its Boonanarring mineral sands project, in Western Australia. As part of a bankable feasibility study (BFS) on its Boonanarring and Atlas deposits, Image updated the Joint Ore Reserves Committee-compliant resource... 

Cerro Blanco a ‘game changer’ for junior explorer Bluestone

By: Henry Lazenby     13th January 2017 The acquisition of the fully permitted Cerro Blanco mine, in Guatemala, presents a “game-changing” opportunity for junior explorer Bluestone Resources. Under the leadership of veteran geologist, chairperson and CEO John Robins, who most recently oversaw the sale of Kaminak Gold to Goldcorp for... 

Cerro Blanco a ‘game changer’ for junior explorer Bluestone

Auroch secures more land in Namibia

By: Esmarie Swanepoel     12th January 2017 Junior Auroch Minerals has continued to grow its Karibib lithium project, in Namibia, signing an option and joint venture (JV) agreement over a nearby exploration tenement. The company on Thursday reported that the option and JV agreement, under which it could earn up to a 90% interest in a... 

Integra, Goldcorp team with 4 global technology majors seeking disruptive mining technologies

By: Creamer Media Reporter      11th January 2017 Gold companies Integra Gold and Goldcorp have teamed with four of the world's largest technology companies to explore potential applications of disruptive technologies in the mining sector. #DisruptMining is a marquee event during the yearly Prospectors and Developers Association of Canada (PDAC)... 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Exploration beginning to grow in certain parts of Australia

By: Esmarie Swanepoel     11th January 2017 Despite the expected 30% increase in resource and energy export earnings forecast by the Department of Industry, Innovation and Science, Australia’s exploration expenditure has continued to contract, although the pace of decline has slowed. In its Resource and Energy Quarterly report, the... 

Exploration beginning to grow in certain parts of Australia

Barrick signs exploration earn-in agreement with Osisko on Kan property

By: Henry Lazenby     11th January 2017 TSX-listed Osisko Mining has signed an exploration agreement with Barrick Gold, which allows the gold major to earn a 70% interest on the Kan property, in northern Quebec. Under terms of the agreement, Barrick must spend $15-million over a four-year period, subject to certain yearly work... 

Kincora advances Mongolian porphyry discovery

By: Henry Lazenby     10th January 2017 Exploration work by TSX-V-listed Kincora Copper has confirmed that its East Tsagaan Suvarga (East TS) target is a mineralised porphyry system with comparable geochemistry, magma fertility and age to that of other developed projects in the same mineral belt, including the massive Oyu Tolgoi and... 

Energy Fuels mulls options on heels of federal approval for Wyoming uranium project

By: Henry Lazenby     10th January 2017 US-focused uranium producer Energy Fuels is mulling over its options for the Sheep Mountain uranium project, in Wyoming, after receiving a positive federal Bureau of Land Management (BLM) final environmental impact statement (EIS) and record of decision (ROD) for the project. The news sent the... 

Energy Fuels mulls options on heels of federal approval for Wyoming uranium project

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

First Mining unveils maiden resource for Goldlund project, Ontario

By: Henry Lazenby     10th January 2017 Project consolidator First Mining Finance has reported a maiden resource for its Goldlund project, in Ontario, outlining 1.75-million compliant ounces in the inferred mineral category. First Mining said Monday that at a 0.4 g/t gold cut-off grade, the Goldlund deposit contained pit-constrained... 

Taseko rides ‘ideal scenario’ as output rises

By: Henry Lazenby     9th January 2017 Base metals producer Taseko Mines is finding itself in an “ideal scenario”, as higher full-year and fourth-quarter production, lower costs and higher copper prices conspire to boost its balance sheet. The Vancouver-based miner, which owns a 75% stake and operates the Gibraltar copper/molybdenum... 

Alamos stock jumps more than 15% on receiving Kirazli forestry permits

By: Henry Lazenby     6th January 2017 The TSX-listed stock of Canadian intermediate miner Alamos Gold jumped more than 15% Thursday following the company’s premarket announcement that it has received the forestry permits for the eagerly awaited Kirazli gold project, in Turkey – a key component of the Alamos’ near-term growth... 

Alamos stock jumps more than 15% on receiving Kirazli forestry permits

MGX stock spikes on successful lithium extraction from oil wastewater

By: Henry Lazenby     4th January 2017 The Canadian Securities Exchange-listed stock of lithium brines project developer MGX Minerals on Tuesday rallied more than 40% after the company announced it has successfully extracted lithium from heavy oil wastewater. The company owns a patent pending process for the extraction of lithium and... 

Birimian agrees to sell Bougouni lithium project for A$107.5m cash

By: Henry Lazenby     4th January 2017 ASX-listed explorer Birimian Gold has agreed to sell its Bougouni ‘Goulamina’ lithium project, in Mali to Shandong Mingrui Group for A$107.5-million in cash. Birimian’s letter of intent requires a deposit for A$10.75-million by January 20. 

Birimian agrees to sell Bougouni lithium project for A$107.5m cash
Photo by Birimian Gold
Birimian Gold's Bougouni lithium project, Mali

Yamana completes C$56.3m Brio spin-out transaction

By: Henry Lazenby     23rd December 2016 Mid-sized miner Yamana Gold has completed the spin-out of its 85%-owned subsidiary Brio Gold, forming a standalone public company focused on a portfolio of noncore Yamana assets in Latin America and Canada. While Yamana continues to be a significant shareholder of the company, Brio will be... 

Tahltech Drilling sets up one-stop exploration shop for northwest BC’s ‘Golden Triangle’

By: Henry Lazenby     23rd December 2016 Escalating resource exploration activity in north-west British Columbia’s rich ‘Golden Triangle’ has prompted the Tahltan Nation Development Corporation (TNDC) and Geotech Drilling Services to form a new partnership to enhance drilling services. The partnership comes at a time of unfolding... 

Tahltech Drilling sets up one-stop exploration shop for northwest BC’s ‘Golden Triangle’

Sunrise reports strong results from Pozz deposit, Nevada

By: Henry Lazenby     23rd December 2016 Aim-listed Sunrise Resources has reported strong initial strength-test results for natural pozzolan sourced from its Pozz project, in Nevada. The test results indicate that the CS Deposit sample is a high quality natural pozzolan competitive with natural pozzolans available on the market today. 

Nevada Sunrise, Advantage intersect potentially untapped lithium aquifer in Clayton Valley

By: Henry Lazenby     22nd December 2016 Lithium explorers Nevada Sunrise Gold and Advantage Lithium have possibly discovered an untapped lithium-brine aquifer in Nevada’s prospective Clayton Valley, giving the partners’ Toronto-listed stocks a boost Wednesday. Advantage, which is earning a 70% stake in the 405 ha Clayton NE property... 

Dacian secures A$150m for WA gold project

By: Ilan Solomons     21st December 2016 Gold developer Dacian Gold has completed and signed a syndicated facility agreement (SFA) to fund the development of its Mt Morgans gold project, in Western Australia.   Financial institutions Westpac Banking Corporation, Australia and New Zealand Banking Group Limited and BNP Paribas will each... 

Dacian secures A$150m for WA gold project

Corunna Downs DFS indicates large iron-ore deposit

By: Ilan Solomons     21st December 2016 Iron-ore miner Atlas Iron’s Corunna Downs project, in Western Australia, has the potential to deliver 4-million tons a year of lump and fines direct-shipping iron-ore (DSO) over an initial mine life of five to six years. This is according to the results of the project’s definitive feasibility... 

Kibo secures $2.9m forward payment facility for Mbeya project

By: Ilan Solomons     21st December 2016 Tanzania-focused mineral exploration and development company Kibo Mining has entered into a binding term sheet with UK-based private equity provider Sanderson Capital Partners for a new $2.9-million forward payment facility. The facility provides for Kibo to be advanced part of the $3.6-million... 

Kibo secures $2.9m forward payment facility for Mbeya project

Obama bans new oil, gas drilling off Alaska, part of Atlantic coast

By: Reuters     21st December 2016 US President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month. Obama used a 1950s-era law called the Outer Continental Shelf Act that... 

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Scotiabank Commodity Index set to end 2016 on high note
Photo by Bloomberg
The surprise rally of bulk commodities, especially metallurgical coal, has lost some momentum in the final weeks of 2016

Lithium asset consolidation proceeds unabated

By: Henry Lazenby     20th December 2016 Asset consolidation is continuing in the junior lithium space, with several companies announcing deals in the past week. Wealth Minerals announced Monday that its Chilean subsidiary has entered a letter of intent dated December 12, with arm’s length vendors giving it the exclusive right and... 

Lithium asset consolidation proceeds unabated
Photo by Reuters
Demand is soaring for lithium-ion batteries, driven by the energy storage and electric vehicle markets

Bacanora in advanced discussions with Asian offtake partner

By: Ilan Solomons     20th December 2016 Aim- and TSX-V-listed lithium and borates company Bacanora Minerals is currently in advanced discussions with a “significant Asian offtake partner” for the supply of battery-grade lithium carbonate from its Sonora lithium project, in Mexico. Bacanora executive chairperson Mark Hohnen stated on... 

Kefi Minerals has a ‘very good’ year, upbeat about 2017 project advancement

By: Ilan Solomons     20th December 2016 Gold exploration and development company Kefi Minerals has had a “very good” 12 months in which it has made solid progress towards becoming a gold production company, said Kefi executive chairperson Harry Anagnostaras-Adams on Tuesday. “The calm and prodevelopment situation in Ethiopia, combined... 

Alacer reports maiden resource for Çakmaktepe, in Turkey’s Çöpler district

By: Henry Lazenby     19th December 2016 TSX- and ASX-listed miner Alacer Gold has calculated an initial resource estimate for the Çakmaktepe satellite deposits of the company’s flagship Çöpler mine, located in the Çöpler District of eastern Turkey. Toronto-headquartered Alacer said on a 100%-basis, the Çakmaktepe and Bayramdere... 

Ontario OKs Richmont’s Island Gold expansion permit

By: Henry Lazenby     19th December 2016 Boutique gold producer Richmont Mines has received the amendments for both Air and Wastewater Environmental Compliance Approvals (ECAs) from the Ontario Ministry of Environment and Climate Change for its 100%-owned and operated Island Gold mine, in northern Ontario. These amendments allow for... 

Capricorn Metals announces discovery of new, high-grade structure

By: Ilan Solomons     19th December 2016 Australian junior gold miner Capricorn Metals has confirmed the presence of a new, high-grade mineralised structure in the immediate footwall of the Bibra gold deposit at its 100%-owned Karlawinda gold project, in Western Australia.   Capricorn MD Peter Thompson said on Monday that a recently... 

Mexico denies enviro permit for Argonaut’s San Antonio gold project

By: Henry Lazenby     17th December 2016 The TSX-listed stock of Argonaut Gold on Friday fell by more than a quarter after the Mexican environmental authority (SEMARNAT) denied the environmental impact statement (Manifiesto de Impacto Ambiental or MIA) application for its San Antonio gold project, in Baja California Sur state. The... 

Mandalay lifts Björkdal gold reserves, resources

By: Henry Lazenby     16th December 2016 Canadian gold producer Mandalay Resources has reported significant exploration success at its 100%-owned Björkdal mine, in Sweden, lifting the measured and indicated resource estimate 52% from 598 000 oz gold, to 911 000 oz as at September 30. The Toronto-based company, which acquired the mine in... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Close