R/€ = 14.78 Change: -0.01
R/$ = 11.97 Change: -0.04
Au 1346.64 $/oz Change: 0.46
Pt 936.00 $/oz Change: -7.63

Exploration News

Brazil's big mining cat on the prowl for global opportunities

By: Keith Campbell     19th November 2004 FOR a while, earlier this year, it seemed possible that the world’s largest iron-ore producer, Brazil’s Companhia Vale do Rio Doce (CVRD) would fulfil its explicit ambition of joining the ranks of the world’s Big Three (in terms of market value) mining groups – Anglo... 

New platinum prospecting joint venture launched

By: Keith Campbell     5th November 2004 CANADIAN junior Platinum Group Metals (PTM), South African black empowerment exploration and prospecting company Africa Wide, and mining giant Anglo Platinum have created a platinum group metals exploration joint venture (JV) on the western limb of South Africa’s Bushveld Complex. 

New Oz prospecting company launched

     2nd November 2004 Two former senior Normandy Mining executives have teamed up with a Perth businessman, Gilbert George, to head up a new gold exploration IPO, Mindax, which this weekend launched a $3-million raising underpinned by strategically located projects in the recently reinvigorated Sandstone and... 

Oz miner acquires new tenements

     20th October 2004 Australian-based mining group Mawson West yesterday announced that it has secured between 75% and 100% of a group of tenements known as Golden Mile South which cover approximately 130 km2 in two contiguous projects south-east of Kalgoorlie in Western Australia. 

Coal-miner to begin Malawi exploration

By: Marcel Chimwala     15th October 2004 Malawi - Malawian coal-mining firm Mchenga Coal Mines is preparing to carry out a core drilling programme as part of its exploration initiative for additional coal reserves in its northern Livingstonia coalfields. 

Miner reports robust PNG drill results

     12th October 2004 More robust results have been received from drilling at the 1,49-million oz Simberi gold project in Eastern Papua New Guinea, a joint venture between Allied Gold subsidiary Nord Pacific and Simberi Gold. 

AngloGold Ashanti buys stake in Oz miner

     12th October 2004 Australian-based Red 5 has secured the backing of leading gold producer AngloGold Ashanti for an expanded regional exploration push at its 80%-owned Siana gold project in the Philippines through a landmark strategic alliance, $5,5-million placement and joint venture arrangements announced yesterday. 

Pakistan copper project advances

     8th October 2004 Base metals group Tethyan Copper Company yesterday reported what it termed “exceptional” metallurgical test results from work carried out as part of a bankable feasibility study at its H4 Copper Project, in Pakistan. 

Early-stage discovery at Gabon gem prospect

     8th October 2004 Toronto Stock Exchange-listed SouthernEra Diamonds this week announced the discovery of meta-kimberlite bodies at the Makongonio diamond exploration project in southern Gabon. 

New DRC copper expansion completed

     8th October 2004 Copper and silver producer Anvil Mining announced this week that it has completed commissioning of the stage II expansion at the Dikulushi Mine in the Democratic Republic of Congo (DRC). 

Drilling programme completed at Messina platinum project

     1st October 2004 Independent platinum producer Southern Platinum this week announced that the Phase 2 in-fill drilling programme at the Dwaalkop section of the Greater Messina platinum project has been completed to a depth of 1 000 m, resulting in a 16% increase in the platinum group metals resource compared to a... 

Chile gold/copper project advancing

     30th September 2004 Canadian miner Placer Dome, Bema Gold Corporation and Arizona Star Resource Corporation yesterday announced they have reached an agreement on certain amendments to the Compania Minera Casale (CMC) Shareholders' Agreement. 

Canadian miner continues exploration in SA

     30th September 2004 Canadian miner Platinum Group Metals (PTM) is continuing its exploration projects in South Africa, focusing on platinum group Elements, the group reported this week. 

Study confirms robustness of Uzbekistan project

     29th September 2004 Aim-listed miner Marakand Minerals this week announced the completion of a feasibility study on the Khandiza polymetallic deposit, in Uzbekistan, the results of which confirm the project is robust. 

BHPB-Petra JV to develop Angola project

     24th September 2004 AIM-quoted diamond-mining group Petra Diamonds has announced that it has agreed terms for a joint venture (JV) with BHP Billiton World Exploration regarding the Alto Cuilo diamond project, in north-eastern Angola. 

Aussie miner committed to PNG gold project

     24th September 2004 Perth-based Allied Gold (ALD) will press ahead with exploration and development plans for the 1,49-million ounce Simberi Gold Project in Papua New Guinea after clearing the final hurdle in its merger with Canadian company Nord Pacific, the company reported. 

Prospecting starts on Oz nickel property

     24th September 2004 Australian miner Nickel Australia said this week that it has started an intensive exploration programme on its 100%-owned Splinter Project in Western Australia. 

Explorer reports progress at Madagascar project

     14th September 2004 Junior miner Jubilee Platinum last week reported that values of up to 10 570 ppm (1,06%) nickel and 3 700 ppm (0,37%) copper (total 5,1% copper equivalent) were obtained in new trenches and 12 750 ppm (1,28%) nickel and 8 750ppm (0,88%) copper in a previous Bureau de Recherch 

Mining-equipment acquisition benefits begin to flow

By: Martin Zhuwakinyu     10th September 2004 Just ten months after their purchase by Swedish exploration- and mining-equipment giant Atlas Copco, Professional Diamond Drilling Equipment and Mining Drilling Services – now merged into one unit called Atlas Copco Exploration Products Africa (ACEPA) – have seen their turnover... 

Drilling of Malawi uranium prospect to begin soon

By: Marcel Chimwala     10th September 2004 Malawi - Australian resources group Paladin Resources is preparing to launch a drilling programme as part of a feasibility study for its Kayelekera uranium project in northern Malawi. 

Exploration advancing in Malawi

By: Marcel Chimwala     10th September 2004 Malawi - Private companies involved in exploration for gold, platinum-group minerals (PGMs) and nickel-copper mineralisation in different parts of Malawi have reported substantial progress in their work. 

Guinea gold project advances

By: Jill Stanford     10th September 2004 SUCCESSFUL drilling campaigns are bringing Canadian mineral exploration and development company Cassidy Gold closer to developing its Kouroussa gold project in Guinea, West Africa. 

Good recoveries reported at Ghana gold project

     10th September 2004 Canadian mining group PMI Ventures said on Wednesday that it has received final assays from its recently completed drill programme on its' Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa and reported that gold values were discovered in the new anomalies. 

Canadian miner raises $4m for exploration

     1st September 2004 Toronto Stock Exchange-listed Victoria Resource Corporation has announced that it has closed the previously announced nonbrokered private placement offering, with majority shareholder Bema Gold Corporation, for 2 424 242 units, priced at $1,65 per unit, for proceeds of $4-million. 

More rare-earth potential in Malawi

By: Marcel Chimwala     27th August 2004 Malawi - The Malawian government’s department of geological surveys says its studies have unveiled rare-earth mining potential in a number of areas in the country, whose exploitation would lead Malawi to become one of the world’s major producers of the minerals. 

Explorer pleased with Eritrea gold-project results

     27th August 2004 Australian miner Sub-Sahara Resources and joint venture partner Sunridge Gold Corp this week reported assay results from an additional 28 diamond and reverse-circulation drill holes from the Debarwa high-grade copper and gold deposit in Eritrea. 

Study of new Wits-basin gold project under way

     26th August 2004 Canadian miner Great Basin Gold this week reported that it has begun prefeasibility studies on the Area 1 gold deposit at its 100%-owned Burnstone project, located in the South Rand area of the Witwatersrand basin, 80 km south-east of Johannesburg. 

Miner to raise funds for African exploration

     25th August 2004 Australian Stock Exchange-listed Sub-Sahara Resources has announced the offer of 20-million ordinary fully paid shares in the company to shareholders pursuant to the company’s share purchase plan (SPP). 

Gem exploration successes reported

     23rd August 2004 Australian Stock Exchange listed-Kimberley Diamond Company (KDC) last week announced continued exploration success on the Ellendale Mining Lease. 

Canadian junior advances Africa projects

     17th August 2004 Canadian junior Caledonia Mining Corporation of Toronto has reported an overall loss of C$1,4-million or $0,005 a share for the second quarter of 2004. 

Era of megamergers is over, claims AngloGold Ashanti

By: Martin Czernowalow     13th August 2004 Gold-producing giant AngloGold Ashanti said last week it would pursue future growth through collaboration with gold juniors and local governments in parts of the world that offer exploration potential. 

Group focuses nickel strategy on grass-roots prospects

     11th August 2004 Australian miner Consolidated Minerals (Consmin) yesterday announced a growth strategy in the nickel industry focused on the development of a new complementary business unit in carbon steel materials with strong leverage to the continued growth of the Chinese raw materials market. 

Exploration continues in anticipation of a higher gold price

By: Nicola Mawson     6th August 2004 Sub Nigel is a small mining company with big plans. 

Gabon eyes number one manganese spot

By: Keith Campbell     6th August 2004 THE West African state of Gabon is hoping to become the world’s number one exporter of manganese by 2006. 

Miner mulls DRC underground prospect

     6th August 2004 PROMISING exploration results showing mineralisation underground, are placing resource company Anvil Mining on track to turn its openpit Dikulushi copper-silver mine in the Democratic Republic of Congo underground by mid-2008. 

Resources company begins trading on AIM

     5th August 2004 Exploration and mineral development company Greystar Resources yesterday began its first day of trading on AIM. 

Randgold Resources’ Mali investment set to top $300m

By: jenny furness     4th August 2004 Gold mining and exploration company Randgold Resources' total investment in Mali is expected to exceed $300-million in the course of this year as the new mine it is developing at Loulo takes shape, the company has said. 

Era of megamergers is over – AngloGold Ashanti

By: Martin Czernowalow     2nd August 2004 Gold-producing giant AngloGold Ashanti said today it would pursue future growth through collaboration with gold juniors and local governments in parts of the world that offer exploration potential. 

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