http://www.miningweekly.com

Global Mining News in real time

Exploration News

Endeavour Silver continues to follow Terronera high-grade vein

By: Henry Lazenby TSX- and NYSE-listed Endeavour Silver on Wednesday announced that exploration drilling continued to intersect high-grade silver/gold mineralisation in the Terronera vein system at the San Sebastián project, in Jalisco state, Mexico. The Vancouver-based miner, which operates three mines in Mexico,... 

Fortuna Silver significantly lifts San Jose resources

By: Henry Lazenby TSX- and NYSE-listed Fortuna Silver Mines on Wednesday reported a 42% rise in the contained silver and a 29% rise in the number of gold ounces contained in the measured and indicated categories at its San Jose mine, in Mexico. The South America-focused miner explained that the latest resource... 

Fortuna Silver significantly lifts San Jose resources

Veris Gold agrees to treat Australian miner’s ore

By: Henry Lazenby Canadian gold producer Veris Gold on Friday said it had agreed to process refractory ore from ASX-listed Anova Metals’ Big Springs project at its Jerritt Canyon mill complex, in Elko County, Nevada. Under the terms of the agreement, Anova would deliver about 1 000 short tons a day of... 

Veris Gold agrees to treat Australian miner’s ore

Monax identifies second project for Antofagasta duet

By: Esmarie Swanepoel Junior explorer Monax Mining and its alliance partner Chilean copper producer Antofagasta have banded together to establish a designated project, dubbed Musgrave, in South Australia. Monax on Friday reported that its subsidiary Monax Alliance had signed a memorandum of understanding (MoU) with... 

Fresnillo to proceed with second investment option at Coneto, Mexico

By: Henry Lazenby Mexican precious metals producer Fresnillo will proceed directly with the second investment option at the Coneto gold/silver project, in Durango, Mexico, after it has met the exploration expenditures of the first investment option. Under a February 2012 agreement between Fresnillo and explorer... 

Fresnillo to proceed with second investment option at Coneto, Mexico

Ark gets go-ahead for drilling

By: Esmarie Swanepoel ASX-listed junior Ark Mines has been granted approval from the Northern Territory’s Department of Mines and Energy to start mining activities at its Golden Honcho gold project. Ark told shareholders on Tuesday that the company intended to start a drilling programme at Golden Honcho as soon as it... 

Technical report confirms exploration upside at Newstrike’s Ejutla project

By: Henry Lazenby Mexico-focused explorer Newstrike Capital on Monday said it had completed an independent technical report on its Ejutla property, in Oaxaca state, Mexico, which confirmed three significant mineralised structural corridors, each host to extensive gold/silver-bearing low-sulphideation epithermal... 

Technical report confirms exploration upside at Newstrike’s Ejutla project

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

By: Henry Lazenby TSX- and NYSE MKT-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Monday said it was “excited” about continued positive drilling results at the Harena deposit, located 10 km south of the Bisha mine and processing... 

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

Bellzone secures $4m loan

By: Natasha Odendaal London-listed Bellzone Mining has secured short-term finance of up to $4-million from China Sonangol. Bellzone planned to initially draw down $750 000, which would provide working capital to continue operations until late August 2014, with the balance expected to provide sufficient working... 

Audalia eyes PFS at Medcalf

By: Esmarie Swanepoel Junior Audalia Resources is preparing to start work on a prefeasibility study (PFS) at its Medcalf vanadium project, in Western Australia, following a significant upgrade at the deposit. The ASX-listed Audalia said on Monday that about 72% of the resource was now estimated to be in the indicated... 

Azure signs exploration JV with Rio subsidiary

By: Esmarie Swanepoel Mexico-focused explorer Azure Minerals has signed a farm-in agreement with Rio Tinto subsidiary Kennecott Exploration, which could potentially be worth an estimated $95-million. Under the terms of the agreement, Kennecott has committed to sole-fund an initial $2-million over the next 12 months... 

Azure signs exploration JV with Rio subsidiary

Giyani Gold diversifies into oil services sector, coal

By: Henry Lazenby Southern Africa-focused explorer Giyani Gold on Friday said it had struck an all-scrip deal to acquire a fully permitted crude oil storage and dry bulk cargo port development in Turkey, known as the Ceyhan project. The TSX-V- and JSE-listed firm simultaneously announced that it would buy Sumo... 

Giyani Gold diversifies into oil services sector, coal

Australian company invests $1.1m in Zambian copper mine

By: Bruce Montiea Australia-based mineral exploration and development company Argonaut has increased its ownership of the Lumwana Copper Concentrate Project (Lumwana West), in Zambia, from 51% to 90% through a final payment of $1.1-million to the project vendors. Argonaut achieved the acquisition through a deal,... 

Australian company  invests $1.1m in Zambian copper mine
DRILL RIG Exploration work started at Lumwana West in May

Base metals explorer to increase Tanzania nickel deposit

By: Bruce Montiea Base metals exploration company IMX Resources is aiming to increase the current nickel sulphide deposit and establish a world-class nickel project at its Ntaka Hill nickel sulphide project, in south-east Tanzania, through the ongoing Nachingwea exploration project, says IMX Resources MD Gary... 

Base metals explorer  to increase Tanzania nickel deposit
MINING OPERATION IMX Resources aims to increase nickel sulphide deposit at Ntaka Hill

Base metals to see growth in Africa

Africa, and Southern Africa is particular, is contributing significantly to the increase in global copper supply, says mining consultancy The MSA Group GM Dr Ian Haddon tells Mining Weekly that, in addition to copper, mining projects in Africa promise to yield increased amounts of base metals,... 

Base metals to see growth in Africa
Photo by Bloomberg
PROSPECTING Africa promises to yield increased amounts of base metals

Moons align for Richmont Mines as Island discovery triggers step change

By: Henry Lazenby Having produced more than 1.4-million ounces from 1991, TSX- and NYSE MKT-listed Richmont Mines is undergoing a step change after discovering a 1.1-million ounce gold deposit beneath its operating Island Gold mine near Wawa, in Ontario. This new discovery at its cornerstone gold mine precipitated... 

Moons align for Richmont Mines as Island discovery triggers step change

KWG subsidiary to appeal court order waiving its consent for land easement

By: Henry Lazenby Ontario-focused explorer KWG Resources on Wednesday announced that subsidiary Canada Chrome Corp (CCC) would seek permission from the Ontario Court of Appeal to overturn the July 30 ruling of the Divisional Court of the Ontario Superior Court of Justice that ruled that CCC's consent should be... 

KWG subsidiary to appeal court order waiving its consent for land easement
Photo by KWG Resources
Staked land for railway.

Bear Creek moves ahead with arbitration against Peru

By: Henry Lazenby TSX-V-listed Bear Creek Mining on Tuesday said it was moving ahead with arbitration proceedings against the Republic of Peru and was submitting a claim under Article 824 of the Free Trade Agreement (FTA) between Canada and Peru. The company explained that it had submitted a formal request on... 

Bear Creek moves ahead with arbitration against Peru

India notes importance of junior miners to drive exploration

By: Ajoy K Das India has awoken to the need to allow junior miners to play a greater role in mineral exploration and drive much-needed foreign investments in the sector. The Federation of Indian Mineral Industries (FIMI) has urged the government to frame a policy to promote junior exploration companies to... 

India notes importance of junior miners to drive exploration

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

By: Henry Lazenby Despite professional services firm EY’s quarterly ‘Canadian Mining Eye’ index having gained only 9% in the three months ended June 30, the index outperformed the S&P/TSX composite index, which gained only 6% during the second quarter, and the London Metal Exchange (LME) index, which gained 7%... 

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

Kibaran piles on the resource at Epanko

By: Esmarie Swanepoel Junior explorer Kibaran Resources has increased the indicated and inferred resource at its Epanko graphite project, in Tanzania, to 22.7-million tonnes of inferred resource, grading 9.8% total graphitic carbon, for 2.22-million tonnes of contained graphite. The ASX-listed company told... 

Kibaran piles on the resource at Epanko

Gunson to launch PFS at S Australia deposits

By: Esmarie Swanepoel Minerals explorer Gunson Resources on Tuesday announced that it would launch a prefeasibility study (PFS) at its MG14 and Windabout copper/cobalt/silver deposits, in South Australia, following the completion of a scoping study. The ASX-listed junior conducted a series of metallurgical tests as... 

Gunson to launch PFS at S Australia deposits

Earthquake-hit AngloGold cannot say when it will return to normal

By: Martin Creamer Gold major AngloGold Ashanti is unable to forecast when it will be back to normal at its earthquake-hit Great Noligwa and Moab Khotsong mines, where it expects to lose 30 000 oz as a consequence of the 5.3 magnitude earthquake near Stilfontein on August 5. AngloGold Ashanti’s net loss narrowed... 

Earthquake-hit AngloGold cannot say when it will return to normal
Photo by Duane Daws
Srinivasan Venkatakrishnan (Venkat)

M&A deals to continue in H2 as companies take advantage of perceived low prices

By: Henry Lazenby The market can expect continued unsolicited merger-and-acquisition (M&A) activity during the second half of the year, driven by companies trying to take advantage of what they perceive to be lower target valuations and prices, Fasken Martineau partner and global mining group leader John Turner... 

M&A deals to continue in H2 as companies take advantage of perceived low prices

U3O8 Corp reports encouraging PEA results for Laguna Salada, Argentina

By: Henry Lazenby Canadian uranium explorer U3O8 Corp this week reported positive preliminary assessment (PEA) results for its Laguna Salada project, in Argentina’s Chubut province. The TSX-listed explorer on Tuesday said uranium at Laguna Salada could be produced at an average life-of-mine (LoM) cash cost of... 

U3O8 Corp reports encouraging PEA results for Laguna Salada, Argentina

Botswana Diamonds targets Sept for start of Orapa drilling programme

By: Natasha Odendaal A drilling programme was scheduled to start on the PL117 licence area in Orapa during the third week of September, Aim-listed Botswana Diamonds said on Friday. Two specific drill targets – AN117/1 and AN117/2 – situated within the Northern part of the 2.9 km2 block, were prospective for the... 

Botswana Diamonds targets Sept for start of Orapa drilling programme

Chile-focused Oro Verder gains foothold in Nicaragua

By: Esmarie Swanepoel Minerals explorer Oro Verde has acquired private explorer Goldcap Resources to gain a foothold in Nicaragua. Goldcap is an Australian entity which has established a presence in the Central American country, most specifically its San Isidro project, about 70 km from Managua. 

Chile-focused Oro Verder gains foothold in Nicaragua

Fertoz declares maiden resource in Canada

By: Esmarie Swanepoel Phosphate explorer Fertoz has announced a maiden mineral resource of 1.54-million tonnes, grading 21.6% phosphorus pentoxide, at its Wapiti project, in Canada. “The resource results exceed our expectations and suggest that the project has the capability to support production volumes of greater... 

Strike shares fall as Peruvian assets stay put

By: Esmarie Swanepoel The share price of ASX-listed Strike Resources dropped nearly 27% on Friday on news that the company had been unable to agree to commercial terms to sell its Apurimac and Cusco iron-ore projects. In its June quarterly results, Strike informed shareholders that the company had been involved in... 

Strike shares fall as Peruvian assets stay put

Australia supports sustainable mining in Africa

Australia’s commitment to investing in African mining is evident in the more than $40-billion that Australian minerals and resource companies currently have invested in projects across the continent, according to the Australian High Commission in South Africa. 

Australia supports sustainable mining in Africa
Photo by Duane Daws
GRAEME WILSON Australian companies offer advanced technology, high standards of environmental management and advanced occupational health and safety practices

Conference promotes African–Australian mining collaboration

Promoting investment in African mining exploration, establishing partnerships between mining companies and encouraging collaboration between Australia and Africa will be the focus of this year’s Africa Down Under Conference, which will take place in Perth, Australia from September 3 to 5. The... 

Conference promotes African–Australian mining collaboration
NETWORKING Africa Down Under 2014 is set to be even bigger than last year’s conference, and will affirm its reputation as the best melting pot for business conducted between Africa and Australia

Latest News

more

Latest Videos

more

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
R/€ = 12.99Change: 0.04
R/$ = 12.08Change: 0.06
Au 1186.35 $/ozChange: 2.44
Pt 1139.50 $/ozChange: -1.00
 
Subscribe Now for $96
Subscribe Now for $96 Close