http://www.miningweekly.com
R/€ = 0.16 Change: 0.00
R/$ = 0.14 Change: 0.00
Au 1323.40 $/oz Change: 0.00
Pt 1085.50 $/oz Change: 0.00
 

Exploration News

Independence and ABM extend NT exploration

By: Esmarie Swanepoel     7th December 2015 old miner ABM Resources and fellow-listed Independence Group have agreed to expand and extend an exploration agreement over the Lake Mackay assets, in the Northern Territory. In 2013, the two companies signed an agreement under which Independence could earn a 70% interest in the project area by... 

WA funds more exploration

By: Esmarie Swanepoel     3rd December 2015 The Western Australian government on Thursday announced that it would offer a further A$5.17-million to 48 companies and prospectors, to support innovative drilling projects and continue driving the discovery of new mineral deposits. The funding formed part of Round 12 of the exploration... 

How mining can innovate and boost cash at same time 

By: Martin Creamer     2nd December 2015 French software company Dassault Systèmes Geovia is offering South Africa’s struggling mining industry the opportunity to innovate and accelerate its cash flow at the same time. The company outlined its mix of innovation and cash-boosting potential at a presentation attended by Creamer Media’s... 

How mining can innovate and boost cash at same time
Dassault Systemes Geovia top brass speak to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

A$20m boost for South Australia’s copper industry

By: Esmarie Swanepoel     1st December 2015 The South Australian government has announced a A$20-million investment into the state’s copper industry, which the resources sector has welcomed. Ahead of his mid-year Budget review, Mineral Resources and Energy Minister Tom Koutsantonis said that the government would invest the funds over the... 

New NT land access process seeks to strike balance between explorers, pastoralists

By: Esmarie Swanepoel     30th November 2015 The Northern Territory government on Monday announced a new process for land access agreements between the mining, petroleum and agriculture industries. The new process included the establishment of a land access agreements for exploration activities considered to create more disturbance, and... 

New NT land access process seeks to strike balance between explorers, pastoralists

Newcrest spends big on Nicaragua farm-in

By: Esmarie Swanepoel     30th November 2015 Australian gold miner Newcrest Mining has signed a farm-in agreement with junior Oro Verde over the Topacio gold project, in Nicaragua. Newcrest reported on Monday that it would sole fund an initial $500 000 in direct expenditure within the first 12 months of the farm-in period to test the... 

Talon Metals secures funding to earn stake in US project

By: Megan van Wyngaardt     27th November 2015 Mineral exploration company Talon Metals has secured $15-million in funding from private equity firm Resource Capital Fund (RCF), that will allow it to conduct further exploration at the Tamarack nickel/copper/platinum group elements project, in Minnesota, in the US, to earn an 18.45% interest in... 

Afro Energy granted bulk gas sampling permission

By: Zandile Mavuso     27th November 2015 Following the Department of Mineral Resources (DMR) granting joint venture (JV) gas company Afro Energy bulk gas sampling permission for 500 mmscf/y over the next two years, the company believes that the early stage revenue sales from the permit will provide an initial gross cash flow of about... 

Fortification of west-to-east exploration trend needs oil price revival

By: Dylan Stewart     27th November 2015 There has been a definite shift in oil and gas exploration from the west to the east coast of Africa in the past five years; however, a revival of the depressed oil price is needed to accelerate exploration and make projects viable, says professional services network PwC oil and gas advisory... 

Fortification of west-to-east exploration trend needs oil price revival
AFRICAN TREND Exploration and prospective investment for oil and gas is experiencing a shift from established nations like Angola an Nigeria to emerging nations like Mozambique, Tanzania and Kenya

Geology dept emphasises continued use of services in tough market

By: Dylan Slater     27th November 2015 The consistent and continual grading of orebodies can help guarantee a mine’s sustainability in a sector that is facing low commodity prices, says State-owned council for mineral technology Mintek mineralogy manager Nosiphiwo Nyamane.  

Geology dept emphasises continued use of services in tough market
NEW AQUISITION The mineralogy department of Mintek recently acquired a Bruker D8 Advance X-ray diffraction instrument

Mozambique has low tax intake from mining, high-quality graphite deposit unveiled

By: Keith Campbell     27th November 2015 Although the Mozambican government has given fiscal incentives to multinational mining and hydrocarbons to encourage foreign investment in the country, its Prime Minister, Carlos Agostinho do Rosário, has recently expressed concern about the minor contribution the natural resources sector makes... 

New geology software version due for release next year

     27th November 2015 Mining solutions developer Maptek will release the latest version of its mine-planning software suit Vulcan 10 in the first quarter of 2016. Vulcan incorporates a dedicated geology package that features tools that enable geologists to access and view drillhole data, define geological zones and... 

New geology software version due for release next year
GEOLOGISTS AID Horizon adaptive rectangular prism modelling in Vulcan enables drillhole data and downhole geophysical characteristics to be used to interpret and interpolate coal horizons

Plan under way to prevent equipment failure, ensure reliable analytics

By: Dylan Slater     27th November 2015 State-owned council for mineral technology Mintek is implementing a five-year “grand plan” to replace existing equipment in its Analytical Services Division, in Randburg, thereby mitigating the risks of breakdowns and unavailability.  

Plan under way to prevent equipment failure, ensure reliable analytics
ANALYTICAL INSTRUMENT Mintek’s Analytical Services Division’s new inductively coupled plasma mass spectrometry instrument, similar to this one, will be commissioned at the end of January

Sasol moves ahead with planning to explore new Moz gas blocks

By: Dylan Stewart     27th November 2015 Petrochemicals giant Sasol is gearing up to exploit its successful bids in Mozambique while the exploration and production concession contract (EPCC) is finalised. 

Sasol moves ahead  with planning to explore new Moz gas blocks
Central Térmica de Ressano Garcia

Software to assist precision, accuracy of lab samples

     27th November 2015 Mine design, planning, and operations technologies provider Hexagon Mining has launched MineSight QAQC, a flexible, easy-to-use product to validate and determine the precision and accuracy of field samples, thereby enhancing geology methods.  

Software to assist precision, accuracy of lab samples
SOFTWARE SCREENSHOT The MineSight QAQC software contains components for statistical analysis of laboratory assay data, user-controlled set-up of laboratory and shipment information and for migrating samples after they have been validated

Obama signs revolutionary Asteroid exploration Bill into US law

By: Natalie Greve     26th November 2015 US President Barack Obama has signed into law a pioneering new Act that recognises the right of US citizens to own asteroid resources they obtain and that encourages the commercial exploration and use of resources from asteroids, providing a legislative blueprint that will guide asteroid... 

Obama signs revolutionary Asteroid exploration Bill into US law

Harmony declares maiden resource at Kili Teke prospect

By: Natasha Odendaal     24th November 2015 Gold miner Harmony Gold is “thrilled” with the prospect of transforming its Kili Teke resource – the first new porphyry copper-gold deposit defined in Papua New Guinea since the Golpu discovery in the early 1990s – into a major new deposit. Following the declaration of the greenfield project’s... 

Hannans partner advances JV

By: Esmarie Swanepoel     24th November 2015 ASX-listed junior Hannans Reward said on Tuesday that its joint venture (JV) partner, Lovisagruvan AB, would proceed with Stage 2 of the Pahtohavare copper/gold project, in Sweden. Under the JV agreement signed in March this year, Lovisagruvan earned an initial 35% interest in the project area... 

Liontown shares soar on Tanzania acquisition

By: Esmarie Swanepoel     24th November 2015 The share price of ASX-listed junior Liontown Resources ended nearly 63% higher at the end of trade on Tuesday, after the company announced that it had secured a lithium-tantalum exploration project in Tanzania. Through a combination of tenement acquisitions and an option deal with a local... 

IMX upbeat about Tanzania graphite project’s PFS results

By: Esmarie Swanepoel     23rd November 2015 A prefeasibility study (PFS) into the Chilalo graphite project, in Tanzania, has placed a price tag of $74-million on the project’s development, owner IMX Resources reported on Monday. Based on average yearly production of 69 000 t of graphite concentrate, the Chilalo project was expected to... 

IMX upbeat about Tanzania graphite project’s PFS results

Operations resume at Metals of Africa site

By: Esmarie Swanepoel     23rd November 2015 Operations and resource definition drilling have restarted at ASX-listed Metals of Africa’s Balama Central graphite project, in Mozambique. The company last week halted operations following the death of an exploration geologist at the camp. 

PTM to start WBJV Project 1 hot commissioning after closing $80m financing 

By: Henry Lazenby     20th November 2015 Project developer Platinum Group Metals (PTM) will start with hot commissioning of the Western Bushveld Joint Venture (WBJV) Project 1 plant, near Rustenburg, South Africa, after closing and drawing down $80-million in separate financing deals on Friday. "We are very pleased to complete this... 

Graphite miner seeks more money to accelerate Mozambique project

By: Keith Campbell     20th November 2015 Australian miner Triton Minerals last week announced that it was seeking A$11.3-million to drive forward its plan to develop a vertically integrated graphite operation in Mozambique. It also announced that one of its shareholders, GMP Securities Australia, had agreed to partially underwrite the... 

New software enables local mines to shorten survey cycles

By: Samantha Herbst     20th November 2015 Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Tumbling gold price could force Endeavour to rethink Houndé build

By: Henry Lazenby     19th November 2015 Against the backdrop of gold tumbling to a near six-year low of $1 064/oz this week, West Africa-focused gold producer Endeavour Gold might be forced back to the drawing board to rethink how it will turn a profit from the new-build Houndé project, in Burkina Faso, should the lower-price... 

Carr mum on environmental review changes, NEB plans

By: Henry Lazenby     19th November 2015 Canada’s new Natural Resources Minister Jim Carr on Wednesday morning offered little insight to the Liberal Government’s planned changes to the National Energy Board (NEB), or how a promised shake-up of the environmental review process for new projects would change the current project landscape.... 

Carr mum on environmental review changes, NEB plans

Project-generator finds significant PGM intersections at Sunday Lake

By: Henry Lazenby     18th November 2015 The award-winning exploration team of project generator Transition Metals has reported one of the most significant platinum-group metals (PGM) intersections to come out of North America in a long time at the Sunday Lake project, 25 km north of Thunder Bay, Ontario. Joint-venture (JV) partners... 

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby     17th November 2015 As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

Golden Cross hopes to raise PFS funds

By: Esmarie Swanepoel     17th November 2015 Junior Golden Cross Resources is hoping to raise some A$2.45-million to fund a prefeasibility study (PFS) on its Copper Hill copper-gold project, in New South Wales. The company on Tuesday said it would place up to 20-million shares, priced at no less than 7c each, to raise an initial... 

Reservoir Minerals, Rio Tinto sign earn-in, JV accord for Serbian projects

By: Henry Lazenby     13th November 2015 Mining major Rio Tinto has agreed to a 75% earn-in and joint venture (JV) agreement with subsidiaries of TSX-V-listed explorer Reservoir Minerals, if it funds $75-million in exploration expenditure on four exploration permits in the Timok Magmatic Complex of Serbia, known as the Tilva project.... 

Resources Watch 

     12th November 2015 This week: Transnet says some capex to be deferred Work together or perish together, Diamond Indaba hears And, Davis tax proposals sound death knell for new mine development 

Resources Watch
Resources Watch

US Space Act unanimously passes Senate vote

By: Henry Lazenby     11th November 2015 Space-mining pioneers have welcomed the historic unanimous passing of the Space Act of 2015, as amended, in the US Senate on Tuesday, recognising the right of US citizens to own asteroid resources they obtain as property and encouraging commercial exploration and recovery of resources from... 

US Space Act unanimously passes Senate vote

Centerra gets enviro green light for Turkey project

By: Henry Lazenby     10th November 2015 The Turkish Ministry of Environment and Urbanisation has approved TSX-listed Centerra Gold’s Öksüt project’s environmental-impact assessment (EIA). “We are very pleased that this milestone has been achieved and the timetable for Öksüt continues to move forward as planned. The company will now... 

Cradle JV takes over Panda Hill licences

By: Esmarie Swanepoel     10th November 2015 A joint venture (JV) between ASX-listed Cradle Resources and Tremont Investments has exercised its option to acquire the Panda Hill mining licences, in Tanzania. The JV, known as Panda Hill Tanzania, has now entered into an amended purchase agreement with vendor RECB. Under the terms of the... 

Africa should boost exploration before new supercycle

By: Mia Breytenbach     6th November 2015 Despite the imperative for African mining companies to preserve, or consolidate their assets, these companies also need to prime themselves for a new commodity super cycle and potential growth, through boosting exploration projects, states multinational services firm EY mining and metals sector... 

Africa should boost exploration before  new supercycle
Photo by Bloomberg
CHANGING GEARS Mining companies now have to strike a balance between optimising the current mines and a focus on looking for opportunities to grow

African mining retains positive outlook

By: Mia Breytenbach     6th November 2015 Africa is awaiting a “gold rush”, similar to the mineral revolution and birth of Johannesburg at the end of the nineteenth century, international law firm Hogan Lovells partner, mining head and regional head Warren Beech states. He reaffirms to Mining Weekly that the exploitation of the minerals... 

African mining retains positive outlook
TAPPING INTO THE MARKET Countries such as the US, Japan and Korea are showing increasing interest in Africa, with large investments focusing on primary metals

Diamond developer to submit mining licence application

By: Mia Breytenbach     6th November 2015 Despite the current lack of an active diamond mining industry in West Africa, the effects of political instability and the impact of the Ebola outbreak in the past year, London-listed diamond company Stellar Diamonds remains committed to bringing its key diamond projects there into operation in... 

Diamond developer  to submit mining  licence application
SPARKLING POTENTIAL Production from underground mining at the Tongo kimberlite project from years 4 to 18 is forecast to yield 838 124 ct and revenues of $358.2-million

Gold project on track for 2016 production

By: Mia Breytenbach     6th November 2015 Aim-listed investment company Armadale Capital reaffirms that its 678 000 oz Mpokoto gold project, in the Katanga province of the Democratic Republic of the Congo (DRC), is on track for production in the first half of 2016. “Armadale is working towards completing the funding for the project and... 

Gold project  on track for  2016 production
ON TRACK Drilling at the Mpokoto gold project will include deeper drilling and sulphide sampling, particularly at a drill hole referred to as hole 64, estimated to contain high ore grades

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
Subscribe Now for $119 Close