R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61

Exploration News

As prospects for the yellow metal glister, SA output slump rouses concern

By: peter cromberge     17th February 2006 The marriage between gold mining in South Africa and delirious profit-taking is long past the honeymoon phase. Since the golden years of the 1960s and 1970s, the marriage between the two has been in steady decline. Gold-mining output in South Africa has been falling at an average of 4% a year... 

Brazil giants team up for Mozambique exploration

By: Keith Campbell     17th February 2006 Two of Brazil’s biggest companies, private-sector mining, energy and logistics group Companhia Vale do Rio Doce (CVRD), and listed, but majority (55,7% of voting stock) Brazilian State-owned petroleum and naturalgas producer Petr 

Africa abounds with exploration opportunities

By: Jade Davenport     3rd February 2006 After two decades of stagnation, the field of exploration is experiencing an upswing in activity with the majority of new projects concentrating on high-value low-volume commodity deposits in sub-Saharan Africa. 

Not so 'proudly South African'

By: Jade Davenport     3rd February 2006 Scepticism and misperceptions undermining local exploration sector 

Stage set for exploring new kimberlite deposits

By: Jade Davenport     3rd February 2006 In 2005, AIM and ASX-listed diamond-exploration and mining company Petra Diamonds underwent an extensive transformation of its corporate portfolio, effectively enabling the company to become London’s first mid-tier diamond company. 

Concern over future supply

By: Jade Davenport     3rd February 2006 While it may be argued that there is an upsurge in the field of exploration owing to the 25-year-high gold-trading price, it would seem that many mining majors are not investing enough capital into the exploration section of the business value curve, opting rather to acquire and consolidate... 

SA group convinced of golden benefits from global exploration push

By: Keith Campbell     3rd February 2006 Exploration across the globe is being vigorously pursued by Gold Fields Ltd (GFL), South Africa’s number two gold miner. 

Exploration junior making its mark

By: Laura Tyrer     27th January 2006 Specialised platinum exploration and mining company, Platfields Limited, recently concluded the acquisition of the rights under option in its Berg project. 

Possible platinum-mine is the ‘cherry on the top’ of socioeconomic development

By: Laura Tyrer     27th January 2006 Platinum explorer and, more recently, platinum developer, Platinum Group Metals Limited (PTM) is setting the standard with its far-reaching socio-economic development approach. 

Social drive key to securing support for project

By: peter cromberge     16th December 2005 International gold miner Gold Fields continues to spread its wings in new prospective gold regions in South America. 

Russians sniff Kalahari manganese prospects

By: Keith Campbell     9th December 2005 Russia's Renova Group has commenced a pre-feasibility study into the construction of a ferroalloy smelter in SA & formed a manganese JV with SA BEE companies. 

Southern comfort

By: Keith Campbell     2nd December 2005 “IT is clear that a South Africa-based company has certain competitive advantages in Venezuela over companies based in certain northern hemisphere countries,” points out Gold Fields CEO Ian Cockerill. 

Gold Fields digs deeper in South America with Bolivar advance

By: peter cromberge     2nd December 2005 Gold Fields has outlined plans for digging a firmer foothold in Venezuelan gold mining interests after it announced its plans to acquire the remaining shares of Venezuelan company Bolivar Gold Corporation. 

South African diamond-miner on the prowl for new African prospects

By: Keith Campbell     25th November 2005 In addition to its current operations and exploration activities in SA, Namibia & Angola, SA diamond miner Trans Hex is examining projects elsewhere in Africa. 

First commercial gold shipment imminent

By: Keith Campbell     11th November 2005 Gold-miner Randgold Resources will officially open its Loulo gold-mine, in Mali, tomorrow, and should make its first commercial shipment of gold from the new mine within a few days of the event, and, perhaps, even sooner. 

First phase completed at CAR gold project

11th November 2005 AIM-listed Pan African Resources yesterday announced the results of the first phase of regional geochemical sampling in the Bogoin project, in the Central African Republic (Car). 

South African gold company looking for new opportunities in Africa

By: Keith Campbell     4th November 2005 DRDGold SA, the black empowered subsidiary of DRDGold, will be responsible for seeking new opportunities for the group in Africa. 

Airborne survey shows mineralisation - Pele

31st October 2005 Canadian explorer Pele Mountain Resources said on Friday announced today that an airborne geophysical survey had discovered conductors at its Sudbury Offset project in northern Ontario. 

Wits Basin still holds secrets

By: peter cromberge     21st October 2005 The Witwatersrand Basin’s gold deposits have been hacked, drilled and dug for over 100 years. 

Gold Fields sets 1,5m oz target for 2009

By: peter cromberge     14th October 2005 To fast-track growth, Gold Fields aims to add 1,5-million oz to its production portfolio by 2009. 

Botswana: moving beyond just diamonds

By: peter cromberge     7th October 2005 Australian Stock Exchange-listed Gallery Gold says its Mupane Mine in Botswana has exceeded its gold target for the first eight months of production. 

Exploration JV gets CAR licences, permits

6th October 2005 Aim-listed Pan African Resources yesterday revealed that it had entered into a joint venture with International Mining Investments and Goldiam SARL to undertake exploration in the Central African Republic (CAR). 

Old gold camp holds out new prospects

By: peter cromberge     30th September 2005 Interest has been renewed in the profit-packing potential of some of the old mines in Mpumulanga, some of which are more than 100 years old. 

Tangold agreement

16th September 2005 Randgold Resources has signed a joint agreement with the government of Tanzania to develop new mineral deposits in the country. The agreement relates to a specific area of interest, the Kiabakari Maji-Moto region, which covers 2 692 km2 around the Buhemba mine but not the mine itself. 

Blurred rules of engagement confronting Africa's miners

By: Keith Campbell     26th August 2005 Cover story looking at the ethics of SA mining companies investing in African countries emerging from conflict. 

Africa still virgin territory for world's mineral prospectors

By: Irma Venter     19th August 2005 Geologically speaking, large tracts of Africa remain unexplored. 

Gold-miner striking it rich in West Africa

By: Keith Campbell     12th August 2005 London Stock Exchange & Nasdaq listed gold miner Randgold Resources hopes to accelerate its generation of profits & returns in the coming years & is increasing its exploration activities. 

Canadian miner commissions EM survey

12th August 2005 Canadian-based Halo Resources yesterday announced that it had commissioned Fugro Airborne Surveys to carry out a helicopter-supported airborne magnetometer and EM survey on the Duport Property, west of Kenora, Ontario, in Canada. 

Gold giant in massive restructuring exercise

By: Jade Davenport     5th August 2005 In an effort to consolidatethe recent merger, Africa’s biggest gold-producer, AngloGold Ashanti, has under-taken an intensive restructuring programme and reviewed itsoperational cost strategy, Mining Weekly can today report. 

Offshore assets keep mining company afloat

By: Jade Davenport     5th August 2005 South Africa’s oldest stock-listed gold-mining company DRDGold has been experiencing significant challenges from its local operations, but with the recent retrenchments of mine workers and the completion of a management reshuffle, the company looks set to consolidate its local operations... 

Looking to step up international production

By: Jade Davenport     5th August 2005 The fourth-largest global gold-mining company Gold Fields is currently undertaking a diversification strategy that will balance the group’s asset portfolio worldwide, thereby reducing the company’s exposure to the South African gold-mining industry. 

Seeking El Dorado

By: Keith Campbell     29th July 2005 The Venezuelan Foreign Ministry has reported that SA gold miner Gold Fields is considering making further investments and expanding its operations in that country. 

Brazil seeks to revive its mining sector

By: Keith Campbell     17th June 2005 ENCOURAGED by the global commodities boom, the Brazilian Federal Government is determined to revitalise the metals and minerals sector of the national economy. 

Exploration yields positive results

By: Mariaan Webb     10th June 2005 The shortfall between the supply and demand of rough diamonds is one of the reasons local company Diamond Core Resources invests in exploration and diamond development, MD Theo Botoulas says. 

New order rights granted for Mpumalanga prospects

16th May 2005 Plans to resuscitate Mpumalanga's historical gold mines have advnaced with the announcement that the Department of Minerals and Energy that it had accepted applications for both mining and prospecting rights in the Sabie-Pilgrims Rest area. 

Sua Pan diamond project

13th May 2005 The project will entail the exploration of the Sua Pan using airborne gravity and magnetics followed by drill-testing targets of merit. 

Gas Project

13th May 2005 The project involves the rejuvenation and upgrade of the existing liquefied natural gas plant at Marsa Al-Brega on the Libyan coast, together with exploration and development of five areas located in the heart of Libya’s major oil and gas producing Sirte Basin. 

DRC, SA firms in exploration pact

By: Nicola Mawson     9th May 2005 An agreement signed at the weekend will see all of the Democratic Republic of Congo (DRC) being explored to determine its mineral wealth. 

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