R/€ = 15.99 Change: 0.10
R/$ = 14.01 Change: 0.20
Au 1221.51 $/oz Change: 6.02
Pt 845.50 $/oz Change: 3.71

Exploration News

Gem explorer is on an African safari

By: Keith Campbell     16th July 2004 IN April, it was announced that the world’s leading diamond group, De Beers, had entered into a joint venture (JV) in Botswana with a junior called African Diamonds. 

UK explorer extends Madagascar search

9th July 2004 UK-based exploration company Jubilee has announced the extension of its existing agreement with its local partners in Madagascar, two private individuals, to form a subsidiary company, Mineral Resources of Madagascar (MRM). Jubilee holds a 85% stake in MRM, and the partners 15%.  

Foreign miners concerned about 51% criterion

By: Keith Campbell     9th July 2004 CONCERN among foreign mining juniors seeking to explore in South Africa over the possibility that future prospecting ventures in this country will have to have a 51% black economic empowerment (BEE) shareholding does not refllect hostility to the concept of BEE.?Their concern is financial. 

Malawi seeks support for geomapping project

By: Marcel Chimwala     9th July 2004 Malawi – The Malawian government, which is working on modalities to embark on a mineral exploration and remapping exercise for the country, has started negotiating with geological survey departments for the UK and Norway to help it in carrying out the exercise. 

Junior miner bullish on African nickel prospects

By: Keith Campbell     2nd July 2004 DUAL London- and Sydney-listed mining junior Albidon is hopeful that it will be able to bring its $30-million Munali (Zambia) nickel project into operation in three years. 

Global exploration spending shows signs of recovery

By: Martin Zhuwakinyu     25th June 2004 Despite much talk about the attractiveness of Russia and China, the world’s traditional mining regions continue to be the foremost destinations for exploration investment, absorbing 85% of the $2,19-billion spent in 2003. 

UK explorer announces nine new projects in Egypt

23rd June 2004 Aim-quoted Gippsland yesterday announced that it has been granted the rights to explore eight gold areas and one copper-nickel area in the Wadi Allaqi region, by the Egyptian government. Dr Sa'aidi, Egyptian Minister of Industry and Technological Development, chaired the public signing ceremony... 

Gold-miner is bullish on Mali underground prospect

11th June 2004 Earlier this month gold-miner and explorer Randgold Resources reported drilling results from its Loulo project in Mali, which it claimed showed the potential for an underground development that could extend the projected mine life to 15 years or more. 

Zambian explorer seeks AIM listing

10th June 2004 Explorer Zambezi Resources, which owns seven prospecting licenses in Zambia, with an additional license pending, is seeking admission to AIM as from July. 

A new Botswana kimberlite discovery

28th May 2004 DiamonEx, the new ASX-listed mining junior, announced earlier this month that its current drill programme at its Molopo project in Botswana had discovered a new kimberlite. 

Explorer in acquisition drive

28th May 2004 Exploration group Marengo Mining has embarked on the acquisition trail, further broadening its project base after securing a portfolio of nickel-copper-platinum group element (PGE), diamond, titanium and gold projects in Western Australia where it plans to start exploration immediately. 

Germany supports Malawi mining-development push

By: Marcel Chimwala     14th May 2004 Malawi – Germany, which is offering financial and technical assistance to the Malawian government in the field of environmental geology, says it is willing to support Malawi in the area of mineral resource development. 

Aussie miner pursues SA zircon project

By: jenny furness     5th May 2004 The full-scale bankable feasibility study into a proposed A$18-million zircon project in South Africa is expected to be completed during the course of this year, Australian miner Minerals Commodities reveals in its latest quarterly report. 

PGM explorer gears up another phase of drilling

4th May 2004 Prospector Platinum Group Metals (PTM) reports that a third phase of diamond drilling as well as a down-hole geophysical survey is being planned for the Lakemount nickel, copper, platinum group metals project, following the completion of 1 680 m of drilling in an additional eight holes during... 

Oz miner’s Zambian subsidiary eyes AIM listing

3rd May 2004 Australian mining firm Metex Resources, which is a substantial shareholder in Zambezi Resource, said last week that Zambezi has successfully completed a $1-million seed capital raising and is now pursuing an Alternative Investment Market (AIM) listing on the London Stock Exchange. 

Sub-Sahara advances exploration in E Africa

3rd May 2004 Australian-based miner Sub-Sahara Resources said last that, during the March quarter, its exploration activity focused on operations in Eritrea and Tanzania, in East Africa. 

Randgold Resources still keen on Ghana

By: jenny furness     29th April 2004 Gold-miner and explorer Randgold Resources has increased its involvement in Ghana, despite failing to outbid its far larger rival AngloGold for Ashanti Goldfields, which this week merged with AngloGold. 

Malawi to pursue big geo-mapping project

By: Marcel Chimwala     23rd April 2004 Malawi – The Malawian government is preparing to start a mineral exploration and geological remapping exercise targeting the whole country, but with the emphasis on areas reported to have high-value minerals, such as gold, platinum-group metals, diamond and hydrocarbons. 

De Beers, African Diamonds in Botswana exploration JV

23rd April 2004 South African gem giant De Beers yesterday announced that it has signed an agreement with African Diamonds to establish a joint venture company to explore for diamond-bearing deposits (kimberlites) in Botswana. 

Nickel group to start $3,5m exploration campaign

20th April 2004 Nickel-focused resource group Thundelarra Exploration will shortly kick off its 2004 exploration field season in the East Kimberley region of Western Australia, spearheading one of the most intensive phases of nickel exploration in the area since the nickel boom of the 1970s. 

Metex JV advances Australian drill programme

20th April 2004 Australian Stock Exchange-listed Metex Resources, together with its joint venture partner, Granny Smith Mines (GSM), a wholly-owned subsidiary of Placer Dome Asia Pacific (PDAP), has announce that recent RC drilling has identified broad zones of near-surface mineralisation at the recently... 

Miner steps up Bushveld Complex exploration

19th April 2004 Toronto-listed Platinum Group Metals (PTM) has reported that exploration is advancing on its Tweespalk and War Springs projects on the Northern Limb of the Bushveld Complex, in South Africa. 

Gold explorer advances drilling at W Australia project

19th April 2004 Australian gold explorer A1 Minerals said it would move immediately to a programme of deeper RC drilling at its Brightstar gold project, in Western Australia, after confirming the presence of a large mineralised gold system extending for a strike length of one kilometre in a recently completed... 

Brazilian giant outlines African exploration moves

By: Keith Campbell     16th April 2004 BRAZILIAN mining, logistics and energy group Companhia Vale do Rio Doce (CVRD) will be undertaking exploration activities in Angola, Gabon and Mozambique during the course of this year. 

Gold major’s exploration strategy is outlined

By: Helene Le Roux     9th April 2004 One of the world’s largest gold-producing companies, AngloGold, plans to spend $62-million on exploration this year. It is envisaged that about 56%, or $34,8-million, of this amount will be used for brownfields-, or 

SA company sees exploration potential in Uganda

8th April 2004 Early stage due-diligence studies indicate that there is unquestionable prospecting potential in Uganda, a country endowed with a wide variety of mineral resources, said Marius Welthagen, CEO of Thabex Exploration. 

First Quantum plans big exploration push in DRC

5th April 2004 Canadian miner First Quantum Resources said a resource calculation, at its newly-discovered Lufua project, in the DRC, is expected to be completed during the second quarter of the year. 

Jubilee moment for junior empowerment

By: Irma Venter     26th March 2004 UK-based exploration company Jubilee Platinum these days has a South African presence – the direct result of South Africa’s new mining legislation opening the door to junior miners worldwide, says CEO Colin Bird. 

Explorer targets output from 2005 at Skeleton Coast gem prospect

By: Jill Stanford     26th March 2004 AUSTRALIAN exploration company Reefton Mining hopes to begin production from its Skeleton Coast diamond project by 2005. 

Oz explorer lists on AIM and ASX

26th March 2004 Australian explorer Albidon has announced the simultaneous admission of its shares to trading on the Alternative Investment Market (AIM), of the London Stock Exchange, and the Australian Stock Exchange (ASX). 

Quality R&D adds value to varsity experience

By: candice haase     26th March 2004 Developing the human and intellectual resources in South Africa’s mining industry is a primary motivation in involving local universities in research in the geology, mining and extractive metallurgy, maintains global mining research organisation Amira International research coordinator for... 

Australian miner applies to prospect on W Coast

By: tom robbins     19th March 2004 Australian-listed heavy minerals group Mineral Commodities has announced plans for local subsidiary Mineral Sands Resources to prospect a site at Tormin on the Cape West Coast. 

Swedish group grows its SA presence

By: Irma Venter     20th February 2004 Construction and mining is Swedish-based industrial group AtlasCopco’s fastest growing business area. 

Areas of greater political risk are being considered

By: renay de     6th February 2004 Since its inception in 1998, AngloGold has changed from what had been a totally South African organisation into a global mining and exploration entity. 

Platinum exploration at its highest point

By: renay de     6th February 2004 A couple of years ago, Anglo Platinum announced that it was entering into an expansion phase. 

Foreigners demand clarity about BEE requirements for exploration

By: renay de     6th February 2004 Foreign investors have channelled over R7,5-billion into the exploration industry in South Africa since 1994. 

Lifting-machine operators’ training course revamped

6th February 2004 The South African Institute of Materials Handling (SAIMH) reports that significant changes are scheduled to take place in education and training courses in the materials-handling sector later this year. 

Natro Freight in new empowerment move

6th February 2004 South Africa’s largest independent transportation and logistics company, Natro Freight, has established a new subsidiary company aimed at bringing greater black ownership and professional expertise into the white-dominated transportation industry. 

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