http://www.miningweekly.com

Global Mining News in real time

Exploration News

Mining’s long-term outlook positive as urbanisation and infrastructure development intensifies

By: Simon Rees     18th September 2015 The outlook for the global economy, infrastructure development and mining is not as dismal as many might believe, Deloitte global mining leader Phil Hopwood recently told an audience at the Canada-Southern Africa Chamber of Commerce’s seminar on infrastructure in Southern Africa. “People talk... 

Lab-grown diamonds set to fill projected deficit as mined production declines

By: Zandile Mavuso     18th September 2015 Technological developments that enable manufacturers to produce grown diamonds have presented the industry with a significant growth opportunity, with a noticeable influence on the economy and the diamond value chain, as researchers predict the demand for grown diamonds to double in the next ten... 

Lab-grown diamonds set to fill projected deficit as mined production declines

Integra’s virtual gold exploration challenge kicks off, amid international fervour

By: Henry Lazenby     17th September 2015 Amazon Web Services (AWS) has joined TSX-V-listed Integra Gold’s Gold Rush Challenge, which officially opened to competitors on Wednesday. AWS would provide cloud computing capabilities to the hundreds of participants in the challenge, where entrants would analyse large amounts of mining data to... 

Newcrest eyes Ivorian earn-in

By: Esmarie Swanepoel     17th September 2015 Gold major Newcrest Mining has inked a heads of agreement (HoA) with junior Taruga Gold over the Dabakala project, in Côte d’Ivoire. The nonbinding HoA outlined the terms of a farm-in and joint venture (JV) agreement under which Newcrest could earn a 75% interest in a JV company by spending... 

Tesla awards another lithium offtake agreement, this time on home turf

By: Henry Lazenby     16th September 2015 Electric vehicle maker and energy storage solutions provider Tesla Motors has signed another lithium hydroxide offtake agreement, this time with TSX-V-listed Pure Energy Minerals, which is developing the Clayton Valley lithium brine project, in Nevada. Tesla's willingness to back the higher-risk... 

Tesla awards another lithium offtake agreement, this time on home turf

Klondex lifts resource models at both Nevada assets

By: Henry Lazenby     16th September 2015 Canadian gold producer Klondex Mines has increased the resource models for both its Fire Creek project and its Midas mine, located in northern Nevada. The TSX-listed miner on Wednesday reported that as of June 30, the Fire Creek deposit’s National Instrument 43-101-compliant measured and... 

First Quantum abandons Kaoko JV

By: Esmarie Swanepoel     16th September 2015 Metals miner First Quantum Minerals has withdrawn from the Kaoko joint venture (JV), in Namibia, project owner Kunene Resources has reported. Under the terms of the JV, First Quantum had to spend at least $2-million on the project by July this year, and could earn a 51% interest by spending an... 

Terrain takes option over WA gold project

By: Esmarie Swanepoel     16th September 2015 Junior Terrain Minerals has entered into an option agreement with Rembrandt Mining to acquire the Rembrandt gold project, in Western Australia. The project comprises two granted exploration licences and two prospecting licences. 

Ram shares soar on exploration buy

By: Esmarie Swanepoel     14th September 2015 The share price of ASX-listed junior Ram Resources closed 50% higher on Monday after the company announced the possible acquisition of an 80% stake in the West Kimberley nickel-copper project, in Western Australia. Ram on Monday said the company paid A$40 000 for a six-month option to acquire the... 

Greenland government approves 30 yr mining licence for Hudson Resources’ White Mountain project

By: Henry Lazenby     11th September 2015 The Greenland government has approved the 30-year exploitation (mining) license for Canadian project developer Hudson Resources' White Mountain anorthosite project, located in the west of the country. "The fact that we have taken this project from initial exploration through to a permitted mine... 

Minbos sells stake in DRC project

By: Esmarie Swanepoel     11th September 2015 Phosphate rock explorer Minbos Resources will sell its 45% stake in the Kanzi project, in the Democratic Republic of Congo (DRC), to African Phosphate. The project comprises nine exploration permits covering 2 000 km2 and hosts a total inferred resource of some 58.5-million tonnes, grading 14.2%... 

Copperbelt expo shows substantial growth and increased visitor interest

     11th September 2015 The second Copperbelt Mining Trade Expo and Conference (CBM-Tec), that took place in Kitwe, Zambia, in May, showed a 67% growth in new visitors, event organisers integrated media company Spintelligent and events company Specialised Exhibitions report. Spintelligent – which oversees a specialist... 

Copperbelt expo shows substantial growth and increased visitor interest
ATTRACTING INTEREST The second Copperbelt Mining Trade Expo and Conference showed a 67% growth in new visitors, with more than 120 exhibitors

Gemstone producer targeting Zambia in-pit ore-reserve extension

By: Mia Breytenbach     11th September 2015 Once the fourth phase of the high-wall pushback programme at coloured gemstone producer Gemfields’ flagship Kagem emerald mine, in Zambia, is completed, the company plans to embark on a fifth-phase pushback programme to further extend the mine’s in-pit ore reserves to 2024. Gemfields CEO Ian... 

Gemstone producer  targeting Zambia in-pit ore-reserve extension
EXTENSION PLAN The current and planned high-wall pushback programmes will extend the Chama pit to increase in-pit mineable ore reserves

Miner focuses on new targets

     11th September 2015 Exploration activities at uranium exploration and development company Denison Mines’ wholly-owned Mutanga project, in Zambia, will focus on generating additional exploration targets through soil and radon sampling, excavator trenching and geological mapping, the company states. The Mutanga... 

Miner focuses on new targets
Photo by Bloomberg
PROMISING PROSPECTS Past combined resource estimates were that the Mutanga and Dibwe deposits contained more than 20-million pounds of triuranium octoxide

Zambia mining industry challenges to be alleviated – services firm

By: Mia Breytenbach     11th September 2015 Zambia’s mining industry is successfully navigating “challenging times” characterised by a power deficit, falling international commodity prices and an until recently unsustainable mining tax legislation, says professional services company KPMG. “In addition to the mining industry mitigating... 

Zambia mining industry challenges to be alleviated – services firm
Photo by Bloomberg
WEATHERING THE STORM As Zambia aims to resolve underlying electricity and legislative problems, the future outlook for the country is forecast to be promising

Zambia sustains investment appeal, but requires fiscal stability and certainty

By: Mia Breytenbach     11th September 2015 Zambia remains an attractive mining investment destination, says mining consultancy The MSA Group, pointing out that in the ‘Fraser Institute Annual Survey of Mining Companies: 2014 Investment Attractiveness Index for Africa’ report, Zambia ranked third, behind Namibia and Botswana. This ranking... 

Zambia sustains investment appeal, but requires fiscal stability and certainty
ACTIVE ROLE The MSA Group has been involved in exploration company Intrepid Mining’s Kitumba project since 2006

Zambian mining to experience downturn

By: Mia Breytenbach     11th September 2015 The Zambian mining sector is reeling from the effects of the global commodity-demand slowdown, which is mainly attributed to lower demand from China, and lower copper prices, says strategy and communications consultancy africapractice regional analyst Sinethemba Zonke, stating that the firm,... 

Zambian mining to experience downturn
Photo by Reuters
REELING EFFECT In addition to global commodity-demand slowdowns, the copper price, at about $10 000/t in 2011, has dropped by 40% to $6 000/t and less this year

Renascor shares soar on project buy

By: Esmarie Swanepoel     10th September 2015 The share price of junior Renascor Resources increased by more than 81% on Thursday after the company announced the acquisition of a graphite/nickel sulphide project, in Western Australia. Renascor said the company had signed a binding heads of agreement to acquire the Munglinup project in the... 

Sandfire sticks with Minotaur project

By: Esmarie Swanepoel     10th September 2015 Copper miner Sandfire Resources will spend another A$4-million at the Altia copper project, in Cloncurry, after gaining a 60% interest in the project. Owner Minotaur Resources said on Thursday that Sandfire had earned an initial 60% interest in the Altia project by sole-funding a A$4-million work... 

Hochschild declares commercial production at Peru mine

By: Creamer Media Reporter      8th September 2015 Commercial production has started at London-listed Hochschild Mining’s Inmaculada mine, in south-west Peru. The mine, which Hochschild believed would be its chief operation for a number of years, had produced about 25 000 oz of gold and 622 000 oz of silver since the first dore was produced in... 

Kibaran considers second grapite project in Tanzania

By: Esmarie Swanepoel     8th September 2015 A resource upgrade at ASX-listed Kibaran Resources' Merelani East deposit, in Tanzania, has paved the way for the company to start a prefeasibility study on its second project. Kibaran, which also owns the Epanko graphite mine, in Tanzania, on Tuesday announced that 43% of the mineral resource... 

Miners increasingly looking to renewable energy sources to drive operational savings

By: Creamer Media Reporter      4th September 2015 Current pressures on the mining sector are driving increased interest in the cost savings and power security advantages that renewables could provide mining operations. To this end, a record number of mining leaders will meet with renewable energy and finance experts to network and share... 

Secova nears Duvay drill campaign, lower exploration costs to be advantageous

By: Henry Lazenby     4th September 2015 Junior explorer Secova Metals expects to complete work on compiling historic data at the early stage Duvay gold project, in Quebec, within about three weeks, enabling it to build a model that will inform a $500 000 drilling campaign in the fall. “This will help us build a comprehensive model on... 

Canadian mining and refinery project ready for financing

By: Bruce Montiea     4th September 2015 Canadian precious-metals and specialty minerals projects developer Fortune Minerals is pursuing financing solutions and offtake agreements for its Nico gold/cobalt/bismuth/copper project, a vertically integrated development comprising a proposed mine in Canada’s Northwest Territories and a... 

Canadian mining and  refinery project ready  for financing
MINERAL RICH The Nico deposit contains significant cobalt and gold, as well as 12% of global bismuth reserves

Fission Uranium achieves critical milestone through Triple R PEA

By: Henry Lazenby     3rd September 2015 Takeover target Fission Uranium has completed a preliminary economic assessment (PEA) on the high-grade uranium resource identified to date on the Triple R uranium deposit, at its 100%-owned Patterson Lake South (PLS) property, in Canada's Athabasca basin region of Northern Saskatchewan. The PEA... 

Fission Uranium achieves critical milestone through Triple R PEA

Pangolin closes oversubscribed private placement for Botswana exploration

By: Henry Lazenby     3rd September 2015 Botswana-focused diamond explorer Pangolin Diamonds has closed an oversubscribed private placement for gross proceeds of $628 621, 25% over the original financing target. The company said on Thursday that the proceeds of the offering would be used for drilling, geological-geophysical and sampling... 

Nearctic Nickel sues Quebec government for taking three claims

By: Henry Lazenby     2nd September 2015 Nearctic Nickel Mines has sued the Quebec Ministry of Energy and Natural Resources for allegedly taking three territories from the Expo Ungava property, in 2008, to create three mining leases issued to Canadian Royalties Nearctic subsidiary, Ungava Mineral Exploration (UMEI), had recently taken... 

Proxy advisory firms support Lake Shore Gold’s Temex takeover offer

By: Henry Lazenby     2nd September 2015 Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have backed Lake Shore Gold’s binding proposal to buy project developer Temex Resources. The company explained on Wednesday that under the terms of the proposal, Temex shareholders would receive, for... 

Ivernia to shift focus to lead mining through $30m Geo Zone deal

By: Henry Lazenby     1st September 2015 Canadian miner Ivernia hopes to position itself as a base metal mining, exploration and development company with a focus on lead metal through a $30-million deal to buy Geo Zone Exploration. Ivernia said on Tueday that it would acquire all the Geo Zone's outstanding shares by issuing about... 

Iberian advances Cehegin project as iron-ore continues to face strong headwinds

By: Simon Rees     1st September 2015 TSX-V-listed Iberian Minerals has illustrated its ability to move forward despite the strong headwinds currently being faced by iron-ore producers. The Alberta-based iron-ore development company owns the Cehegin project, in Murcia, south-eastern Spain, which has garnered the attention of... 

Iberian advances Cehegin project as iron-ore continues to face strong headwinds

Goldgroup issues shares for Cerro Prieto acquisition, negotiating promissory note demand

By: Henry Lazenby     1st September 2015 Project developer Goldgroup Mining has issued 16.5-million common shares to Oroco Resource Corp regarding it 2013 acquisition of the Cerro Prieto project, in Mexico. As part of the purchase agreement, Goldgroup committed to issue the shares or, at its option, pay $4.13-million to Oroco by August... 

Exploration spend still tight – ABS

By: Esmarie Swanepoel     31st August 2015 While the latest exploration figures from the Australian Bureau of Statistics (ABS) indicated some improvements in greenfield exploration, the Association of Mining and Exploration Companies (Amec) said there was still a long way to go. The ABS revealed on Monday that, in original terms, mineral... 

New US law a boost for space exploration aspirations

By: Henry Lazenby     28th August 2015 The US House of Representatives took a firm stance on commercial space exploration when it passed the Space Resources Exploration and Utilisation Act of 2015 (SPACE Act) in May, providing an opportunity for companies to get off the ground and embrace a new era of space pioneering. “I think that... 

New US law a boost for space exploration aspirations

PDAC welcomes consultation draft to reform Canada’s fragmented capital markets

By: Henry Lazenby     28th August 2015 The Prospectors and Developers Association of Canada (PDAC) has applauded the release of a revised consultation draft of the Capital Markets Act (CMA) and initial regulations for consultation, labelling it a key milestone in the transition to a cooperative capital markets regulatory system.... 

Geotech analysis made easier with monitoring system

By: Bruce Montiea     28th August 2015 Australia-based exploration and emerging producer Havilah Resources in June bought a surface laser monitoring and tracking system to use at its opencut Portia gold mine, in South Australia. The mine will use the Sentry monitoring system, designed by mining software, hardware and services provider... 

Geotech analysis made easier with monitoring system
OBSERVING Maptek’s Sentry surface laser monitoring and tracking system simplifies geotech analysis

New US law a boost for space exploration aspirations

By: Henry Lazenby     28th August 2015 The US House of Representatives took a firm pro stance in the advance to commercial space exploration when it passed the Space Resources Exploration and Utilisation Act of 2015 (SPACE Act) in May, providing an opportunity for companies to get off the ground and embrace a new era of space... 

New US law a boost for space exploration aspirations

Metals companies mandated to undertake exploration in India

By: Ajoy K Das     27th August 2015 The Indian government has tasked three government-owned mineral and metal companies to act as specialised geological exploration agencies. Iron-ore miner NMDC, integrated steel producer Steel Authority of India Limited (SAIL) and iron-ore pelletisation company KIOCL would join the ranks of... 

Echo gets a takeover offer

By: Esmarie Swanepoel     27th August 2015 The share price of ASX-listed junior Echo Resources increased by nearly 16.5% on Thursday, after the company announced that it had received an indicative, nonbinding takeover offer of 15c a share in cash. The company noted that the third-party proposal was conditional and subject to the... 

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
R/€ = 17.48Change: 0.15
R/$ = 15.66Change: 0.06
Au 1223.97 $/ozChange: -5.02
Pt 994.00 $/ozChange: -8.00
 
Subscribe Now for $149
Subscribe Now for $149 Close