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Fortune Minerals sells remaining Hemlo equipment for $415 000

By: Henry Lazenby Project developer Fortune Minerals has replenished its coffers through the sale of the remaining equipment it salvaged from the Golden Giant mine, at Hemlo, in Ontario. While the equipment was originally meant for use at the proposed Nico gold/cobalt/bismuth/copper development, in the Northwest... 

Kidman declares initial resource at Burbanks

By: Esmarie Swanepoel ASX-listed Kidman Resources has reported an initial mineral resource of 99 000 oz, at 5.6 g/t, at its Burbanks gold project, in Western Australia. The project, which was acquired by Kidman for A$3-million in May, was scheduled to start milling underground ore in September. Kidman was currently... 

Minotaur inks new exploration deal in Qld

By: Esmarie Swanepoel ASX-listed Minotaur Exploration has signed a A$3.5-million exploration deal with the Japan Oil, Gas and Metals National Corporation (Jogmec) over Minotaur's tenements south of Cloncurry. Under the terms of the agreement, Jogmec would spend a minimum of A$500 000 in the first year of the joint... 

KWG gains strategic Ring of Fire claims

By: Henry Lazenby Junior project developer KWG Resources has clinched a deal to acquire five strategic claims straddling Ontario’s nascent Ring of Fire (RoF) mining district. The company planned to issue seller MacDonald Mines Exploration with about $100 000 in scrip to acquire the Hornby property, located in an... 

Nevada Copper gets green light to build Pumpkin Hollow

By: Henry Lazenby The City of Yerington has given TSX-listed Nevada Copper permission to immediately start with any work necessary to develop its Pumpkin Hollow copper project. “With all permits in hand and land title aspects complete, Nevada Copper will focus on financing options as it now can begin construction... 

Study indicates Congo phosphate project can repay development cost in 26 months

By: Ilan Solomons A definitive feasibility study (DFS) of phosphates project developer Cominco Resources 100% owned Hinda phosphate project indicates it has capacity to repay the $601-million development cost on the project within 26 months of production. Cominco says the DFS demonstrates that the Hinda project is... 

Study indicates Congo phosphate project can repay development cost in 26 months
HINDA PROJECT SITE The Hinda deposit is one of the world’s largest and thickest undeveloped phosphate Joint Ore Reserves Committee-compliant ore reserves

The roles of aviation in supporting mining

By: Keith Campbell Mining depends on infrastructure. So much so that mining companies sometimes have to build and operate their own railways, ports and power stations, in parts of the world in which such essentials are non-existent or woefully inadequate. And those parts of the world tend to be rather isolated or... 

The roles of aviation in supporting mining

Two firms partner with Integra to facilitate C$1m gold hunting challenge

By: Henry Lazenby Project developer Integra Gold on Thursday revealed that geoscience firm Aranz Geo and engineering firm WSP Parsons Brinckerhoff have joined the company’s C$1-million Gold Rush challenge. Integra had in June launched the project as a form of crowd sourcing, which the company hoped would lead it... 

Perplexed Eldorado threatens legal action against Greek permit suspension

By: Henry Lazenby Multinational miner Eldorado Gold has threatened legal action against the Greek government’s suspension of its Skouries and Olympias gold project development permits, in Halkidiki, northern Greece. "We are most disappointed and perplexed by this entirely inappropriate decision of the Ministry,... 

Funding dearth stalls junior Santa Fe from drilling likely BC discovery

By: Henry Lazenby A lack of investor interest to finance the junior mining industry has seen many an exploration project stall, preventing their owners from getting out in the field to drill resources and develop what would be the world’s next new mines. One such frustrated company was Santa Fe Metals with its... 

TSX-V consents to Caribou's 63% acquisition of Namibian graphite mine

By: Henry Lazenby TSX-V-listed Caribou King Resources has received a nod of approval from the stock exchange to proceed with an option to acquire an initial 63% of the Aukam graphite mine, located on 38 850 ha, in southern Namibia, where owner Next Graphite had started testing lump graphite for quality and purity,... 

This year’s Joburg Indaba slated for mid-October

By: Ilan Solomons The 2015 Joburg Indaba will paint a picture of how the future mining industry will be defined and what stakeholders are prepared to action, asserts investment conference organiser Resources 4 Africa. The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg from October 14... 

This year’s Joburg Indaba slated for mid-October
STAYING POSITIVE The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg from October 14 to15, aims to provide a positive narrative in overcoming industry challenges to progress to a better future

Mining Phakisa can help unlock mining, exploration investment – Chamber

By: Terence Creamer The Chamber of Mines (CoM) has expressed optimism that the upcoming Mining Phakisa Laboratory, scheduled for October, will enable South African mining stakeholders to begin tackling prevailing impediments to mining and exploration investment and address issues undermining the competitiveness of... 

Mining Phakisa can help unlock mining, exploration investment – Chamber
Photo by Duane Daws
President Jacob Zuma

U3O8 Corp well positioned to take advantage of approaching uranium upside

By: Simon Rees The restart of reactor No 1 at the Sendai nuclear plant, in Japan, this week was potentially a harbinger of a rising tide for the uranium industry, underpinned by China’s rapidly expanding fleet of nuclear reactors and other countries seeking to expand their nuclear capabilities as their... 

U3O8 Corp well positioned to take advantage of approaching uranium upside

Anaconda targeting 'aggressive organic growth' from Newfoundland platform

By: Henry Lazenby TSX-listed Anaconda Mining, the only pure play gold miner east of Quebec, has set itself the goal of roughly doubling its current gold output through aggressive organic growth and a loftier target of adding about 100 000 oz/y to its portfolio through mergers and acquisitions (M&As). Speaking at... 

Potash Ridge to buy Valleyfield Fertilizer to fast-track SOP production

By: Henry Lazenby Project developer Potash Ridge has agreed to buy all of the issued and outstanding common shares of Valleyfield Fertilizer, to advance its goal of becoming a sulphate of potash (SOP) producer. Over the last two years, Valleyfield, a privately owned corporation registered in Quebec, had advanced... 

As second project ramps up, Serabi Gold on prowl for M&A growth

By: Henry Lazenby Bolstered by a second project delivering ore to its mill, dual-listed miner Serabi Gold has plans to use its first-mover status in the Tapajos region of Para state, Northern Brazil, to look for suitable acquisitions as low metal prices and a muddled financing market have taken their toll on... 

As second project ramps up, Serabi Gold on prowl for M&A growth
Photo by Serabi Gold
Serabi Gold's Palito primary crusher, Northern Brazil.

Buxton shares soar on nickel-copper find

By: Esmarie Swanepoel The share price of ASX-listed junior Buxton Resources skyrocketed by nearly 148% on Monday on news that the company had struck significant nickel and copper sulphide mineralisation at its Double Magic nickel-copper project, in Western Australia. Assay results from the first reverse circulation... 

RNI extends repayment deadline with Taurus

By: Esmarie Swanepoel ASX-listed junior RNI has reduced its debt facility with Taurus Resource No 2 Fund by A$1-million. The A$1-million repayment was a condition of Taurus agreeing to extend the repayment deadline of an existing A$23-million debt facility until RNI was able to complete the sale of its gold assets to... 

Looming cobalt market deficit to spur investment interest 

By: Henry Lazenby Cobalt has undergone somewhat of a transformation over the past five years, in step with the new emerging applications in the booming battery business that have driven a three-fold demand increase. Despite being a smaller industry than its battery raw material counterparts – roughly half the size... 

Looming cobalt market deficit to spur investment interest
Photo by Bloomberg
Balls of metal ore sit in a collection drum before loading into a furnace during processing at Katanga Mining's copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo.

Next Graphite starts testing bulk sample from Namibian project

By: Tracy Hancock Exploration/development-stage company Next Graphite has started testing lump graphite for quality and purity, following the conclusion of a bulk sampling programme at its Aukam property, in Namibia. The 25 t bulk sample was pulled from one of three existing adits at Aukam and testing was expected... 

African States urged to be more involved as seabed mining regulations are drawn up

By: Anine Kilian The participation of African States is crucial as the International Seabed Authority (ISA) undertakes the task of preparing the rules and regulations for the future exploitation of deepsea minerals, ISA deputy to the secretary-general Michael Lodge said. Speaking at the ‘Exploration and... 

African States urged to be more involved as seabed mining regulations are drawn up

Aircore drilling starts at Fisher East

ASX-listed exploration company Rox Resources has started an aircore drilling programme on the Fisher East nickel sulphide project located 500 km north of Kalgoorlie, in Western Australia. The drilling programme, announced by the company last month, will test several strong electromagnetic (EM)... 

Assay results find significant zinc concentration

ASX-listed metal producer Mungana Goldmines last month announced high-grade zinc results from previously unassayed diamond drill holes, within its Red Cap project area, 4 km from Mungana’s partially completed base metals concentrator at Chillagoe, in north Queensland. The drilling was done by... 

Minerals explorer buys Thunderdome project

Mineral exploration and development company Rumble Resources has expanded its footprint in Australia’s Fraser Range province by acquiring the Thunderdome project for a cash payment of A$60 000. The company said last month that the new 100% Rumble-owned project and exploration licences expand... 

Second-phase drilling starts at Desert Dragon Central

ASX-listed emerging nickel producer St George Mining announced last month that it had started second phase drilling at the Desert Dragon Central prospect at the company’s wholly owned East Laverton property, in Western Australia. The drill rig has been moved to the prospecting site and drilling... 

Updated Jorc mineral resource announced

Australian strategic metals company Pilbara Minerals in June announced a significant increase in the Joint Ore Reserves Committee- (Jorc-) compliant high-value lithium content of its Pilgangoora tantalum-lithium project, in Western Australia’s Pilbara region. The updated mineral resource includes... 

Sovereign plans scoping drilling at Mt Andrah

By: Esmarie Swanepoel Junior Sovereign Gold Company will launch a scoping study into its Mt Andrah gold project, in New South Wales, to investigate the potential of an opencut mine. A 1 000 m drilling programme was planned to more accurately constrain the tonnage, grade and contained ounces of gold from surface to a... 

Vista Gold fully funded through 2018

By: Henry Lazenby Project developer Vista Gold is fully funded through to 2018, focused on preserving funds while biding its time to make a decision to proceed with a feasibility study on its fully owned Mt Todd gold project, in Australia’s Northern Territory. President and CEO Frederick Earnest told analysts on a... 

Diamond plant optimisation nearing completion, sights set on exploration

By: Mia Breytenbach Southern Africa-focused precious gem producer Lucara Diamonds is finalising the optimisation of the newly integrated circuit as part of its flagship Botswana-based Karowe diamond mine’s plant optimisation project. Lucara president and CEO William Lamb tells Mining Weekly that Karowe’s optimised... 

Diamond plant optimisation nearing completion, sights  set on exploration
Photo by Lucara Diamond Corporation
SAMPLING ADDITION The modules of the modular bulk sample including the front end, the DMS, de-gritting and recovery, were pre-assembled off site to ensure that everything fits

India to adopt open door policy for mineral exploration

By: Ajoy K Das The Indian government was working towards adopting an open door policy for mineral exploration but would not offer any fiscal incentive or relaxed ownership rights in cases of successful exploration. A senior official in the Mines Ministry said that under the open door policy, exploration in... 

Encounter signs $6m earn-in over Lookout Rocks

By: Esmarie Swanepoel Uranium and base metals explorer Encounter Resources has entered into an earn-in agreement with Antofagasta Minerals in a deal valued at $6-million. Under the terms of the agreement, Antofagasta would earn a 51% interest in the tenements making up the Lookout Rocks copper prospect, in Western... 

Centerra Gold makes progress in diversifying asset base, reports strong Q2 performance

By: Henry Lazenby Canadian miner Centerra Gold has completed a positive feasibility study on its fully owned Öksüt project, in south-central Turkey, with first gold production slated for early in the second quarter of 2017. The feasibility study's base-case scenario estimated that the project would have an... 

Nautilus Mining awards vessel dewatering plant design contract

By: Henry Lazenby Prospective seafloor miner Nautilus Minerals has awarded a contract for the detailed design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane office of global consulting engineering firm DRA Group. The scope of work awarded to DRA involved the... 

Lawson signs JV over Silver Swan North

By: Esmarie Swanepoel ASX-listed explorer Lawson Gold has signed a farm-in and joint venture (JV) agreement with Moho Resources over the Silver Swan North project, in Western Australia. Under the terms of the agreement, Moho could acquire a 25% stake in the tenement by drill testing two high-priority electromagnetic... 

Carlisle makes progress at Lynn Lake despite tough gold market rout 

By: Simon Rees The spot price for gold came under notable pressure during the past week, sinking below the psychological barrier of $1 100/oz and reaching five-year lows. On Friday, the London afternoon fix stood at $1 080.80/oz of gold,  compared with $1 132.80/oz the week beforehand. The slide was unwelcome... 

Carlisle makes progress at Lynn Lake despite tough gold market rout

Expected mine tonnage increases at Guinea project

By: Dylan Stewart Aim-listed exploration company Sable Mining Africa in February announced an increase in the total Joint Ore Reserves Committee- (Jorc-) compliant resource for its Nimba iron-ore project, in south-east Guinea, from 181.8-million tonnes to 205.2-million tonnes. 

Global mining sector raises $80bn-plus in three years despite turbulence

By: Ilan Solomons The past three years have unquestionably been particularly challenging for the mining industry. Nevertheless, in spite of these hardships, the global mining industry continues to attract new funding, says global mining and research company SNL Metals & Mining analyst Chris Galbraith. He says that... 

Global mining sector raises $80bn-plus in three years despite turbulence
SLOW START While the 2013/14 period has been relatively consistent in total funds raised for mining and exploration, 2015 has so far been off to a troubled start

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