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Industry leaders reflect on evolution of SA's mining industry over last two decades

By: Jade Davenport The mining industry has, from a historical perspective, played an inherently complex and contradictory role within South Africa’s sociopolitical economy. While the industry has, for more than a century, been the main driver of phenomenal economic growth and industrialisation, it was also partly... 

RNI raises cash for Grosvenor exploration

By: Esmarie Swanepoel ASX-listed Resource and Investment (RNI) will raise up to A$6.22-million in a share placement and share purchase plan (SPP), the company announced on Thursday. RNI would issue about 13-million fully paid shares to sophisticated investors, at an issue price of 7.5c a share, to raise the first... 

RNI raises cash for Grosvenor exploration

Thor flags more cost reduction at Molyhil

By: Esmarie Swanepoel ASX-listed junior Thor Mining has reported yet another cost reduction at its planned Molyhil tungsten project, in the Northern Territory. The metals developer reported a 13% reduction in the expected operating costs at Molyhil to around A$78/t, following recent work on processing improvements... 

Mwana doubles Q4 diamond output

By: Natasha Odendaal London-listed Mwana Africa has achieved steady-state production at its Klipspringer slimes retreatment project, in Limpopo, with fine diamond output more than doubling over the quarter to March. The pan-African, multicommodity mining and development company produced 12 383 ct during the quarter... 

Mwana doubles Q4 diamond output

Base metals growth outlook positive for Africa and S America

By: Mia Breytenbach Africa will be recognised as the largest contributor to the growth of mined copper production from 2013 to 2017 in percentage terms, says research and consulting firm Wood Mackenzie base metals research head Helen Matthews, who highlights Zambia and the Democratic Republic of Congo (DRC) as key... 

Base metals growth  outlook positive for  Africa and S America
MINE GROWTH Global copper and zinc production is expected to increase, owing to new mines and mine expansions in Africa and South America

Base metals prospects attract investment across continents

By: Mia Breytenbach In addition to focusing on copper mining investment opportunities in Africa, energy-focused global private-equity firm Denham Capital Management is investing in new copper projects in South America this year, company director Caroline Donally tells Mining Weekly. As a growth-equity firm, Denham... 

Base metals prospects  attract investment  across continents
PROSPECTIVE INVESTMENT Denham Capital Management believes the outlook for copper and zinc prospects in South America is positive

Revival imminent for African zinc, says industry body

By: Mia Breytenbach While Africa’s zinc production represents only 13.6% of global output, there appears to be a revival in zinc projects across the continent, owing to supply and demand forecasts, says International Zinc Association of Southern Africa (Izasa) regional director Rob White. “It is always difficult to... 

Revival imminent  for African zinc,  says industry body
ZINC REVIVAL Owing to increased infrastructure development, access to Africa-based zinc reserves and refining opportunities is improving

Second vendor-neutral mining, exploration standard approved

By: Chantelle Kotze The Open Group, a vendor- and technology-neutral consortium approved the Exploration and Mining Business Capability Reference Map last month, after being subjected to a rigorous standards process by the consortium’s governing board. 

Zambia a key player in global mining industry, says CoM

By: Mia Breytenbach Zambia still offers significant potential for greenfield operations, owing to the abundance of high-grade copper reserves and other minerals in the country, emphasises Chamber of Mines (CoM) of Zambia CEO Maureen Dlamini, ahead of the Copperbelt Mining Trade Expo and Conference (CBM-TEC), which... 

Zambia a key player in global mining industry, says CoM
OPERATION POTENTIAL The Copperbelt Mining Trade Expo and Conference will focus on solutions for optimal mining and processing options

Randgold and Exploration, PwC reach agreement over legal wrangle 

By: Natalie Greve Minerals explorer Randgold & Exploration (R&E) and its former auditor PwC have concluded a settlement agreement in respect of a legal dispute arising from PwC's alleged failure to audit R&E properly, resulting in losses claimed by R&E, which are disputed by the auditing firm. On August 3, 2008,... 

Randgold and Exploration, PwC reach agreement over legal wrangle

Energizer completes Madagascar graphite project consolidation

By: Henry Lazenby Madagascar-focused project developer Energizer Resources on Wednesday announced that it had concluded a transaction that consolidated its full ownership in its flagship Molo graphite project, in the country. Toronto-based Energizer bought the remaining 25% interest in the Molo project from... 

Energizer completes Madagascar graphite project consolidation
Photo by Energizer Resources
Molo graphite project, Madagascar.

GoldSource Mines on an ‘aggressive’ path to year-end production

By: Henry Lazenby After the February closure of a friendly merger between Eagle Mountain Gold Corp and GoldSource Mines, GoldSource president and director Ioannis Tsitos told Mining Weekly Online that it was like two pieces of a puzzle coming together to rapidly advance the Eagle Mountain gold project, in Guyana,... 

GoldSource Mines on an ‘aggressive’ path to year-end production
Photo by GoldSource Mines
Eagle Mountain drilling, Guyana.

Ivanhoe Mines expands Kipushi zinc and copper zones

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines on Tuesday reported that early results from the company's underground diamond-drilling programme at the Kipushi copper/zinc/germanium/lead/precious-metals mine, in the Democratic Republic of Congo (DRC), had established significant down-dip... 

Ivanhoe Mines expands Kipushi zinc and copper zones

Apollo shareholders agree to HPX deal

By: Esmarie Swanepoel The shareholders of junior Apollo Minerals have approved a strategic alliance with High Power Exploration (HPX) to explore for base metals at a new iron-ore copper gold frontier, in South Australia. At an extraordinary general meeting, Apollo shareholders approved the issue of 50-million shares,... 

More grassroots prospecting investment required in BC

By: Henry Lazenby Investment in the grassroots level of prospecting and early-stage exploration are critically needed in British Columbia to uncover new deposits that, in turn, would encourage more investment in advanced exploration and resource development, the Association for Mineral Exploration British Columbia... 

More grassroots prospecting investment required in BC

Glencore beats off rival bid to snap up Chad energy explorer

By: Martin Creamer London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company GlencoreXstrata has beaten off a rival bid to snap up oil-and-gas exploration company Caracal Energy, which is active in the landlocked Republic of Chad in Central Africa. Glencore’s all-cash offer has been... 

Glencore beats off rival bid to snap up Chad energy explorer
Photo by Reuters
Glencore oil head Alex Beard

On the road to reconciliation, tension between miners and Aboriginals grow 

By: Henry Lazenby While Canada has come a long way in reconciling pre-existing Aboriginal sovereignty with assumed Crown sovereignty, tension is rising between the proponents of several new mining projects located on Crown lands, or within Aboriginal reserves, and Aboriginals, who increasingly assert their... 

On the road to reconciliation, tension between miners and Aboriginals grow
Photo by Reuters
A protester raises his fist during a demonstration for indigenous sovereignty in Toronto.

Ghana shows positive investment climate, attracts $13.5bn

By: Carina Borralho Ghana’s favourable investment climate has succeeded in attracting some $13.5-billion in mining investment over the last two decades, highlighted Lands and Natural Resources Minister Alhaji Inusah Fuseini at February’s Investing in African Mining Indaba, which took place in Cape Town. “Currently,... 

Ghana shows positive investment climate, attracts $13.5bn
GOLDEN GROWTH The production of gold – Ghana’s flagship mineral – increased by 93% from 2.24-million ounces in 2002 to more than 4.3-million ounces in 2012

Going for gold in Ghana

By: Carina Borralho “The Asanko Gold Mine Project will be Ghana’s newest gold mine, joining the ranks of well established gold producers, such as Newmont, AngloGold Ashanti and Kinross, and has the potential to become one of Ghana’s largest,” says Asanko president and CEO Peter Breese.  The project was formed... 

Initiatives under way to improve greenfield exploration in SA

By: Jade Davenport Four of South Africa’s greatest mineral deposits, namely the diamond fields of the Northern Cape, the Witwatersrand Basin, the Witbank-Middelburg coal field and the Bushveld Igneous Complex, all of which have been the bedrock of the country’s mining industry, were, in every instance, discovered... 

Initiatives under way to improve greenfield exploration in SA

Resources Minister on Ghana’s Minerals and Mining Act

By: Carina Borralho Promulgated in 2006, Ghana’s Minerals and Mining Act is aimed at highlighting the country’s mining sector as attractive to investors, while at the same time ensuring that government takes a fair share in revenues that accrue from mining operations, said Ghana Lands and Natural Resources Minister... 

Resources Minister on Ghana’s mining potential

By: Carina Borralho Ghana has been and will continue to be the preferred mining investment destination in Africa, said Ghana Lands and Natural Resources Minister Alhaji Inusah Fuseini at the Investing in Africa Mining Indaba, held in Cape Town from February 3 to 6. Fuseini added that Ghana has the type of... 

Transition Metals and Implats recognised for Sunday Lake discovery

By: Henry Lazenby Project generator Transition Metals and project partner Impala Platinum (Implats) were on Tuesday awarded the Bernie Schneiders Discovery of the Year Award in recognition for the Sunday Lake platinum discovery near Thunder Bay, Ontario. The award was presented by the Northwestern Ontario... 

Transition Metals and Implats recognised for Sunday Lake discovery
Photo by Transition Metals
Sunday Lake

Sovereign Gold restructures subsidiary and self

By: Esmarie Swanepoel ASX-listed Sovereign Gold Company and its listed subsidiary Precious Metal Resources (PMR) have agreed to a corporate restructure that would see the company’s focus shift to the Sugec project tenement, in New South Wales. Both Sovereign and PMR currently hold exploration tenements in New South... 

Sague consolidates Plumridge holdings

By: Esmarie Swanepoel Junior Segue Resources has consolidated its Plumridge tenements by signing a definitive agreement with fellow-listed International Goldfields to take full ownership of four tenements in the Fraser Range. The four tenements were previously the subject of the Plumridge joint venture between the... 

StratMin repays £750 000 Darwin Strategic loan

By: Natalie Greve Aim-listed graphite exploration and production company StratMin Global Resources, which has assets in Madagascar, has repaid, in cash, the entire principal amount and interest outstanding on the £750 000 senior-secured convertible loan notes issued to Darwin Strategic in December 2013, and will... 

StratMin repays £750 000 Darwin Strategic loan

Giyani gold net loss down for year ended December

By: Leandi Kolver Canada-based gold exploration company Giyani Gold on Thursday reported a net loss for the year ended December 31 of C$3.95-million, down from C$5.61 previously. At December 31, the company also had an accumulated deficit of C$17-million and noncapital losses of C$7.98-million that could be... 

Giyani gold net loss down for year ended December

New funding needed for Talisman mine as Chinese deal falls through

By: Esmarie Swanepoel ASX-listed junior New Talisman Gold Mines on Friday said it was looking at alternative financing arrangements for its Talisman project, in New Zealand, after a hoped-for investment from a Chinese firm fell through. In December last year, Talisman signed a heads of agreement with Chinese group St... 

New funding needed for Talisman mine as Chinese deal falls through

Exploration, mining business reference model receives the thumbs up

By: Chantelle Kotze The Exploration and Mining Business Reference Model (EM model), aimed at assisting companies in aligning their business and technical services, was embraced by the Global Mining Standards and Guidelines Group (GMSG) in January, following the model’s approval as an Open Group technical standard in... 

Market uncertainty flagged as the major worry for mining juniors in 2014

By: Zandile Mavuso Dismal investor interest remains the primary concern for most junior companies in the mining sector and, as a result, market uncertainty will continue to be the major influence on the mining industry worldwide in 2014 for junior and major mining companies, says global financial information... 

Mozambique expects capital gains tax on mining transactions

By: Keith Campbell Mozambique’s Tax Authority is still pursuing capital gains on the sale of the Benga project to Anglo-Australian mining major Rio Tinto. This was affirmed recently by Tax Authority President Rosário Fernandes at a press conference in Maputo. Strictly speaking, Australian junior mining company... 

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