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Exploration News

Liontown buys another lithium/tantalum project

By: Esmarie Swanepoel     4th February 2016 ASX-listed junior Liontown Resources has acquired a second lithium-tantalum exploration project, this time in the Northern Territory. Liontown on Thursday revealed that it would acquire the Bynoe project from privately held Orema for an initial signing fee of A$10 000 in cash, and a A$100 000... 

PDAC lobbies feds during prebudget consultations on exploration and development sector priorities

By: Henry Lazenby     3rd February 2016 The Prospectors & Developers Association of Canada (PDAC) has lobbied the federal government during its nationwide prebudget consultations to take action and improve the flow of capital to the junior exploration sector, as well as to address the infrastructure deficit in northern and remote... 

Rare Earth Salts inks five-year commercial agreement with Rare Earth Recovery Sciences

By: Henry Lazenby     3rd February 2016 Mineral and applications technology company Rare Earth Salts (RES) has signed a five-year commercial agreement with significant buyer of retorted compact fluorescent lightbulb phosphor powder, Rare Earth Recovery Sciences (RERS), to produce separated rare earth oxides in the US. RERS would... 

Sibanye concludes WCC due diligence, revised term sheet expected

By: Natasha Odendaal     2nd February 2016 A revised term sheet for Sibanye Gold’s proposed refinancing of Waterberg Coal Company (WCC) is expected to emerge after the gold producer completed its legal, technical and financial due diligence. WCC on Tuesday said in a quarterly update that Sibanye remained “desirous” of the deal; however,... 

Crucial decision needed on empowerment levels

By: Nadine James     29th January 2016 An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

IDC set to invest $10m in Congolese tin project

By: Ilan Solomons     29th January 2016 TSX-V-listed mineral exploration company Alphamin Resources has entered into an agreement with South Africa’s State-owned development finance institution the Industrial Development Corporation(IDC) pursuant to which the IDC will invest up to $10-million directly in Alphamin Bisie Mining (Alphamin... 

IDC set to invest $10m in Congolese tin project
Photo by Duane Daws
BORIS KAMSTRA Alphamin DRC’s primary asset the Bisie tin project contains two “exceptional” high- grade tin deposits

Mining needs critical legal regulatory matters resolved

     29th January 2016 There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Proposed MPRDA amendments lack clarity

By: Nadine James     29th January 2016 While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

India mulls oil and gas incentives to combat price slump

By: Ajoy K Das     28th January 2016 The Indian government plans to introduce incentives for upstream oil and gas companies to maintain exploration and production (E&P) activities in a low-price environment. The government was expected to announce details of the incentives at the forthcoming Union Budget session of Parliament on... 

Geoscience BC unveils first phase of C$2.4m public magnetic survey to boost exploration

By: Henry Lazenby     27th January 2016 Non-profit organisation Geoscience BC has unveiled data from the first phase of a C$2.42-million magnetic survey project to map public lands of British Columbia. The ‘Search’ project was expected to help exploration companies operating in west-central British Columbia unlock the resource... 

Agreement improves mining training opportunities for British Columbians

By: Henry Lazenby     27th January 2016 The British Columbia Centre of Training Excellence in Mining (CTEM) on Tuesday launched a pilot project that will offer students the opportunity to complete up to a full year of the British Columbia Institute of Technology (BCIT) mineral exploration and mining technology diploma at four new... 

As GoviEx receives Niger project permit, senior management agrees to 20% pay cut

By: Henry Lazenby     27th January 2016 West African country Niger has granted Canadian explorer GoviEx Uranium a permit to exploit the Madaouela project in the Agadez region, news agency Reuters reports. Subsidiary GoviEx Niger Holdings would be allowed to exploit uranium for investments worth $676-million at the project. 

Fission closes strategic C$82m investment by China’s CGN Mining

By: Henry Lazenby     26th January 2016 Canadian explorer Fission Uranium has closed a strategic C$82.22-million financing with Chinese investor CGN Mining, marking the first time a Chinese company has invested directly in a Canadian uranium company. TSX- and Frankfurt-listed Fission had issued 96.7-million shares to CGN at C$0.85 apiece. 

Ivanhoe makes new Tier 1 discovery at Kamoa

By: Henry Lazenby     26th January 2016 Africa-focused explorer and project developer Ivanhoe Mines has made a new tier-one, high-grade and flat-lying layered copper discovery in the Kakula exploration area, about 5 km southwest of the currently defined resources at the Kamoa copper deposit, in the Democratic Republic of Congo (DRC).... 

‘We’re on the cusp of a resolution,’ says Hunter Dickinson president of Pebble spat 

By: Henry Lazenby     26th January 2016 Director and president of diversified mining group Hunter Dickinson Ron Thiessen believes that project developer Northern Dynasty Minerals’ 100%-owned subsidiary, the Pebble Limited Partnership (PLP) is close to resolving its dispute with the US Environmental Protection Agency (EPA). Speaking at... 

BC premier reveals relief plan for struggling miners

By: Henry Lazenby     26th January 2016 In the wake of crushing declines in commodity prices, the British Columbia government on Monday announced planned support for struggling mining companies to at least keep their doors open. Speaking at the opening ceremony of the Association for Mineral Exploration British Columbia's Exploration... 

BC premier reveals relief plan for struggling miners

Disappointed Patriot Gold to accept adverse judgment, complete JV accord 

By: Henry Lazenby     23rd January 2016 Las Vegas, Nevada-headquartered Patriot Gold has undertaken to accept the outcome of arbitration it instituted against its optionee Northern Vertex Mining and intends to complete a joint-venture agreement with Northern Vertex and ultimately enter into commercial production at the Moss gold/silver... 

Scornful report on high-tech cobalt supply chains could prove a boon to Western producers

By: Henry Lazenby     22nd January 2016 A report released this week by advocacy group Amnesty International has revealed human rights abuses by one of the world’s largest cobalt producers in the Democratic Republic of Congo (DRC), which raises the possibility of accelerating a looming supply gap. The report, 'This is what we die for:... 

Scornful report on high-tech cobalt supply chains could prove a boon to Western producers
Photo by Reuters
Artisanal cobalt miners in the DRC

Flexible, leaner service approach vital for African mining projects

By: Mia Breytenbach     22nd January 2016 Companies need to focus on becoming leaner and challenging the status quo when providing mining- and mineral-related services in Africa in the current global economic climate during which there has been a slump in commodity prices, engineering company WorleyParsons cautions. “The provision of... 

Merger enables engineering firm to weather tough market conditions

By: Nadine James     22nd January 2016 Metallurgical engineering company MDM Engineering has kept its head above water and has been able to secure new contracts despite the depressed market conditions in the mining industry, MDM executive director and founder George Bennett tells Mining Weekly. He attributes the company’s... 

Merger enables engineering firm to  weather tough market conditions
GEORGE BENNETT MDM Engineering is in the process of completing three projects in South Africa

Opportunities arise in the nonprecious metals royalty sector

By: Kimberley Smuts     22nd January 2016 LSE-listed resources royalties business Anglo Pacific Group tells Mining Weekly that there is “enormous growth potential” in the non-precious metals royalty space globally. “In terms of Anglo Pacific . . . I think we are just scratching the surface of the opportunities available through direct... 

Opportunities arise  in the nonprecious  metals royalty sector
JULIAN TREGER We are just scratching the surface of the opportunities available through direct acquisition of primary and secondary royalties, and investment in projects at the development and production stage

Junior Eureka turns to lithium in face of challenging gold market

By: Henry Lazenby     21st January 2016 TSX-V-listed Eureka Resources has entered into a letter of agreement with fellow Canadian explorer Nevada Sunrise to acquire a 50% working interest in a lithium exploration property next to the Clayton Valley mine, in Nevada - the only current lithium producer in North America. "We have made... 

Independence scales back exploration

By: Esmarie Swanepoel     21st January 2016 Diversified metals miner Independence Group has cut its 2016 exploration spend by A$20-million on the back of continued weak base metals prices. The company reported on Thursday that it would rationalise and prioritise exploration activities, with the funding and execution of the Tropicana and... 

Report calls on BC govt to clarify land access and use rules

By: Creamer Media Reporter      21st January 2016 Access for mineral exploration has decreased in British Columbia, reaching a critical threshold threatening the survival of the exploration industry, and by extension, the jobs, families and communities that rely on it, a new report has found. The Association for Mineral Exploration British... 

Randgold inks three new DRC gold exploration JVs

By: Henry Lazenby     20th January 2016 Africa-focused gold producer Randgold Resources has entered into three new joint-venture (JV) agreements with juniors in the north-east of the Democratic Republic of Congo (DRC) to look for gold deposits. The company has partnered with TSX-listed Kilo Goldmines, Deveron Resources and Loncor... 

KWG and Chinese partner ink MoU for design, financing of RoF railroad

By: Henry Lazenby     19th January 2016 Ring of Fire (RoF) development company KWG Resources has signed a memorandum of understanding with China Railway First Survey & Design Institute Group (FSDI) that establishes the terms for mutually proceeding with a feasibility study for the design and financing of a railroad that will link the... 

Diatreme's Tick Hill tailings project proves up

By: Esmarie Swanepoel     19th January 2016 Diversified junior Diatreme Resources has reported a maiden mineral resource of 630 000 t, grading 1.08 g/t gold at its Tick Hill tailings project, in Queensland. The project is estimated to contain some 22 000 oz of gold. 

Walkabout reports maiden resource for Lindi

By: Esmarie Swanepoel     19th January 2016 Junior Walkabout Resources has reported a Joint Ore Reserves Committee-compliant resource of 15.3-million tonnes at its Lindi jumbo graphite project, in Tanzania. Grading at 10.1% graphitic carbon, the resource was estimated to contain about 1.54-million tonnes of graphite. 

Mozambi defines largest graphite deposit in Tanzania

By: Esmarie Swanepoel     15th January 2016 Junior Mozambi Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 179-million tonnes at its Namangale graphite project, in Tanzania. The project, which graded at 5.1% graphitic carbon, was considered to host the largest graphite resource in Tanzania. 

B2Gold inks earn-in accord for Namibian asset with Forsys Metals

By: Henry Lazenby     15th January 2016 Gold miner B2Gold has struck an earn-in accord with uranium-focused project developer Forsys Metals to earn a 100% interest in the Ondundu gold project, in Namibia. B2Gold, which has a portfolio of projects in Africa, South America and the Philippines, started production at the Otjikoto gold mine... 

Alabama Graphite banks on coated spherical graphite as company differentiator

By: Henry Lazenby     15th January 2016 Canadian project developer Alabama Graphite Corp (AGC) has high hopes to cash in on the burgeoning North American green-energy market, as it plans to provide a ‘made-in-US’ solution to the growing domestic lithium-ion battery market. Focused on the exploration and development of its flagship... 

Flowsheet selection paying off in pilot phase

By: Nadine James     15th January 2016 ASX-listed development company Peak Resources – which has started piloting beneficiation at its Tanzania-based Ngualla pilot plant – is so far “well-pleased” with its flowsheet selection, which allows for lower operating costs and the potential improvement of the leach recovery process, says MD... 

Flowsheet selection  paying off in pilot phase
DARREN TOWNSEND Peak Resources intend to conclude the bankable feasibility study for is Tanzanian rare-earths project by the end of the year

Investors wary of volatile mining industry – African mining marketer

By: Nadine James     15th January 2016 Mining projects need to be “exceptional” to attract investors in the current global mining climate, states business development company MineAfrica president Bruce Shapiro. “A project would need to be a low-cost producer with excellent potential returns and present minimal risk before parties... 

Investors wary of volatile mining industry – African mining marketer
INTERNATIONAL ATTENTION Up to nine African delegations are expected to attend the Prospectors and Developers Association of Canada convention on March 8, the biggest African mining event in North America

Miner sees eventful Q1 ahead, remains focused on flagship

By: Nadine James     15th January 2016 Financial close of the Mbeya coal-to-power project (MCPP), part of the Tanzanian government’s National Energy Strategy, and advancement of the exploration process at Haneti nickel project, are likely to start at the end of the first quarter of 2016, says Tanzania-based mineral explorer and... 

Miner sees eventful  Q1 ahead, remains focused on flagship
LOUIS COETZEE Focusing on Kibo Mining’s current projects will enable the company to build momentum and position itself for 'further potential corporate dealings in the future'

Skeena updates resource at Donnelly and North Donnelly copper/gold deposits

By: Henry Lazenby     14th January 2016 TSX-V-listed Skeena Resources on Thursday published a new National Instrument 43-101-compliant technical report, expanding the mineral resources of the Donnelly and North Donnelly copper/gold deposits, located in the Golden Triangle of north-western British Columbia. Skeena said that the... 

Sayona gains ground in WA

By: Esmarie Swanepoel     14th January 2016 ASX-listed junior Sayona Mining has exercised its option to acquire the Western Iron tenement, at the East Kimberley graphite project, in Western Australia. The company said on Thursday that it would pay A$200 000 for the tenement. The East Kimberley project included one granted tenement and... 

Kootenay and Northair to form Mexico-focused silver project developer

By: Henry Lazenby     14th January 2016 TSX-V-listed Kootenay Silver and Northair Silver has signed a binding letter of agreement under which Kootenay will acquire all the outstanding shares of Northair, to create a Mexico-focused silver exploration and development company. With project consolidation also one of the stated objectives... 

Metalicity buys into graphite

By: Esmarie Swanepoel     13th January 2016 ASX-listed base metals firm Metalicity has moved to diversify its portfolio with the addition of graphite exploration licences in Western Australia. The company has entered into a tenement sale letter of agreement to acquire an exploration licence and an exploration licence application covering... 

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