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Thundelarra raises cash for exploration

By: Esmarie Swanepoel Minerals explorer Thundelarra would raise some A$7.5-million through a share placement to institutional, professional and sophisticated investors, the ASX-listed junior said on Thursday. The company would issue more than 39.4-million shares, at 19c each under its existing placement capacity. 

Resources Watch

By: Creamer Media Reporter Aviation high technology is flying into the South African mining space. South African Institute of Mining and Metallurgy says the mining industry needs a quantum change. And, the State considers Eskom’s ‘comprehensive sustainability plan’. 

Resources Watch

Transition Metals and Nunavut Resources add prospective land to portfolio

By: Henry Lazenby Canadian project generator Transition Metals on Wednesday announced that 433 km2 of high potential gold and base metal exploration properties had been acquired in Nunavut through its strategic alliance partnership with Nunavut Resources Corporation (NRC). The TSX-listed project generator, through... 

Transition Metals and Nunavut Resources add prospective land to portfolio

IMX shares tumble as Tanzania exploration results disappoint

By: Esmarie Swanepoel The share price of ASX-listed IMX Resources dropped by more than 30% on Wednesday after joint venture (JV) partner MMG Exploration failed to triple the resource estimate at the Ntaka Hill nickel sulphide project, in Tanzania. IMX has told shareholders that MMG’s exploration programme over the... 

IMX shares tumble as Tanzania exploration results disappoint

In taking up its Aim listing Friday, Bacanora is ready to take on majors

By: Henry Lazenby Mexico-focused project-developing junior Bacanora Minerals will on Friday take up its new listing on London’s Aim, creating a more direct line to the bulk of the company’s investors. Speaking to Mining Weekly Online on Tuesday, the TSX-V-listed firm’s cofounder and chairperson Colin Orr-Ewing,... 

In taking up its Aim listing Friday, Bacanora is ready to take on majors

PTM appoints DRA Mineral Projects as ‘qualified person’ for Waterberg PFS

By: Henry Lazenby TSX- and NYSE-listed Platinum Group Metals (PTM) on Tuesday awarded the ‘independent qualified person’ role for the ongoing Waterberg prefeasibility study to South Africa-based global engineering firm DRA Mineral Projects. “We are very pleased to be working with DRA at Waterberg. DRA had a... 

PTM appoints DRA Mineral Projects as ‘qualified person’ for Waterberg PFS

Kumba revenue up on rand weakness, dividend maintained

By: Martin Creamer The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend of R5-billion, which amounts to R15.61 a share.... 

Kumba revenue up on rand weakness, dividend maintained
Photo by Duane Daws
Kumba CEO Norman Mbazima

Ivanhoe Mines mourns passing of director

By: Henry Lazenby TSX-listed Ivanhoe on Monday reported that a member of its board, Dr Rilwanu Lukman, had passed away. “We are deeply saddened to hear of the loss of Lukman, who was respected as one of Africa's most accomplished and internationally recognised and honoured business leaders. Lukman joined the... 

Stratex to acquire 33.4% stake in GoldStone Resources

By: Leandi Kolver Aim-listed Stratex International has conditionally agreed to acquire up to 33.4% of Aim-listed gold exploration company GoldStone Resources for a consideration of £1.25-million. Stratex said in a statement on Monday that it would buy 20.83-million shares in GoldStone at 0.6p a share, which... 

Stratex to acquire 33.4% stake in GoldStone Resources

Explorers welcome Woomera news

By: Esmarie Swanepoel ASX-listed explorers Trafford Resources and Monax Resources have welcomed the passing the Defence Legislation Amendment Bill, which would allow for access to the Woomera Prohibited Area (WPA), in South Australia. At the end of last week, the federal Parliament passed the bill, which was expected... 

Explorers welcome Woomera news

Buxton MD on leave after children die on MH17 flight

By: Esmarie Swanepoel ASX-listed junior Buxton Resources on Monday announced that MD Anthony Maslin would take personal leave for an indefinite period following the deaths of his three children. The children were killed on Malaysia Airlines flight MH17, which was shot down over the Ukraine last week. All 298... 

Arianne Phosphate lifts Quebec resource base

By: Henry Lazenby TSX-V-listed Arianne Phosphate, which is developing the Lac à Paul project, in Quebec, this week reported that its 2014 drilling programme had enabled it to significantly lift its flagship project’s compliant inferred resources. The Saguenay, Quebec-based firm on Wednesday said it had added... 

Arianne Phosphate lifts Quebec resource base

High-Tech mining flies into SA

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about French software company Dassault Systèmes' advanced technology that is well-suited to mining. 

High-Tech mining flies into SA

Stanhill ups the ante in Robust battle

By: Esmarie Swanepoel Private equity investor Stanhill Capital Partners has increased its takeover offer for metals developer Robust Resources from 28c a share in cash to 31.5c a share in cash. The increase offer valued Robust at A$61.5-million. 

Stanhill ups the ante in Robust battle

Syndicated upgrades Barbara resource

By: Esmarie Swanepoel ASX-listed explorer Syndicated Metals has reported an upgrade to the mineral resource at its Barbara copper project, in Queensland, with some 74% of the contained copper metal now classified as indicated. The junior company said on Friday that the Barbara project was now estimated to host an... 

Freegold Ventures to apply ounce-finding aptitude to new Alaska project

By: Henry Lazenby Alaska-focused Freegold Ventures on Thursday announced that it had acquired the Shorty Creek copper/gold porphyry target, located about 100 km north-west of Fairbanks, Alaska, where it would apply its ounce-finding prowess over the next decade. The Vancouver-based explorer, which is mainly... 

Freegold Ventures to apply ounce-finding aptitude to new Alaska project

Triton raises cash, takes full ownership of Moz assets

By: Esmarie Swanepoel Minerals explorer Triton Minerals has raised A$8.5-million through a share placement to institutional and sophisticated investors to accelerate exploration activity at its Balama North graphite project, in Mozambique. The ASX-listed junior reported on Thursday that it had placed some 17-million... 

Triton raises cash, takes full ownership of Moz assets

Red Metal raises cash for Queensland exploration

By: Esmarie Swanepoel ASX-listed junior Red Metal was hoping to raise some A$5.1-million through a share placement to fund the step-out drilling at Maronan silver/lead project, in Queensland. The company announced that it had received firm confirmation for the placement of about 30-million ordinary shares, at a price... 

Caeneus sells Wee MacGregor to Cape Lambert subsidiary

By: Esmarie Swanepoel Junior Caeneus Minerals has sold its Wee MacGregor copper project, in Queensland, to a subsidiary of fellow-listed Cape Lambert. Under the terms of the agreement with Mining International, Caeneus would divest of the Wee MacGregor project for A$50 000, which would be payable on the signing of a... 

Aurora Minerals invests in Predictive Discovery

By: Esmarie Swanepoel ASX-listed junior Predictive Discovery has welcomed a cornerstone investment by fellow-listed Aurora Minerals. Aurora would acquire a 17.2% stake in Predictive Discovery by acquiring more than 66.6-million shares currently held by the African Lion 3 Fund, at a price of 1c a share. 

Pepinnini sells stake in JV

By: Esmarie Swanepoel ASX-listed junior Pepinnini Minerals has signed a sale and purchase agreement for its 40% interest in its South Australian uranium and mineral resource joint venture (JV) with China’s Sinosteel Uranium. Under the agreement inked with Sinosteel, the JV partner would acquire Pepinnini’s interest... 

Bauxite Resources adds to WA resources

By: Esmarie Swanepoel Explorer Bauxite Resources has increased the resource of its Athena bauxite deposit, in the Darling Ranges of Western Australia, by some 59%. The Athena deposit was now estimated to host some 36.2-million tonnes, grading 32.8% alumina and 2.8% reactive silica. 

Creamer Media publishes Australasian Mining Roundup for July 2014 research report

The July 2014 roundup includes details of Australian gold miner Evolution Mining’s exploration push, which it intends to double in 2015; the commonwealth government’s consent to uranium miner Energy Resources of Australia to implement its restart plan at the Ranger mine, in the Northern... 

Creamer Media publishes Australasian Mining Roundup for July 2014 research report

Ivanhoe Mines reports ‘exceptional’ grades from first Kipushi assays

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines on Monday reported that the first batch of assay results from the company's underground diamond-drilling programme at the Kipushi copper/zinc/germanium/lead and precious-metals mine, in the Democratic Republic of Congo, had confirmed initial visual... 

Ivanhoe Mines reports ‘exceptional’ grades from first Kipushi assays

Kibo to raise £600 000 in oversubscribed share placing

By: Leandi Kolver Tanzania-focused mineral exploration and development company Kibo Mining on Monday announced that it would raise £600 000 through the placing of 34.29-million new ordinary shares at 1.75p a share. All of Kibo’s directors would participate in the placing, on the same terms as other investors, for... 

Kibo to raise £600 000 in oversubscribed share placing

TNG secures Hyundai Steel's backing for Mt Peake

By: Esmarie Swanepoel Vanadium developer TNG has signed yet another memorandum of understanding (MoU) over its Mt Peake project, in the Northern Territory, this time with Hyundai Steel. The ASX-listed developer reported on Monday that it had executed a MoU with the South Korean steel giant, paving the way for a... 

Giyani closes $600 000 private placement

By: Natasha Odendaal Triple-listed Giyani Gold has closed a fully subscribed nonbrokered $600 000 private placement. The exploration group, which has assets in South Africa and Canada, had placed two-million units at $0.30 apiece to raise funds for general working capital purposes. 

Giyani closes $600 000 private placement

US lawmakers introduce Bill to reform 142-year-old mining law

By: Henry Lazenby Twenty US legislators had this week introduced a Bill in the House of Representatives looking for reforms to the General Mining Act of 1872, proposing higher royalties for mining companies. The Bill suggests that mining companies be charged a royalty of 8% on new mines and 4% on existing... 

US lawmakers introduce Bill to reform 142-year-old mining law

Apollo raises funds to further exploration

By: Esmarie Swanepoel Junior explorer Apollo Minerals was hoping to raise some A$2.2-million through a share placement to institutional and sophisticated investors. The company would place some 100-million new shares at a price of 2.2c a share. 

Decline in new mining projects

By: Pimani Baloyi Last year saw a decline in the number of new mining projects worldwide, with Africa contributing 29% of the total, although these projects were small, on average, compared with the global norm, says global financial information provider SNL Metals & Mining (SNL). In its ‘State of the market... 

Explorer optimistic about Guinea

By: Ilan Solomons Drilling is under way at Australian gold and base metals explorer Drake Resources’ Seimana gold project, in the Siguiri province of northern Guinea. CEO Jason Stirbinskis tells Mining Weekly that the company expects results that reflect the high-quality gold surface samples collected thus far... 

Explorer optimistic  about Guinea
SEIMANA GOLD PROJECT Drake Resources has decided to fast-track its work on the project

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