Exploration
Exploration
R30m EC granite operation to boost local industry
0 COMMENTS
The Eastern Cape Development Corporation (ECDC) has appointed a competent person to develop a final business case for the financing of a R30-million granite mining and processing project in the Butterworth area, in the Eastern Cape, which is...
By: Yolandi Booyens
11th May 2012
Exploration
Varsity, geophysics firm team up to tackle mining, engineering skills dearth
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The Tshwane University of Technology (TUT) and airborne geophysics company GyroLAG have signed a memorandum of understanding (MoU) to conduct joint activities aimed at helping to bridge the skills gap in the mining and engineering industries.
11th May 2012
GOLD
Renaissance starts drilling at new Cambodian assets
0 COMMENTS
Copper and gold miner Oz Minerals on Thursday reported that it had completed the sale of its Cambodian assets to Renaissance Minerals for A$17.8-million, payable in a mixture of cash, shares and options.
“We are pleased to finalise the sale of...
10th May 2012
GOLD
Kinross profit drops 58%, Mauritania mine underperforming
0 COMMENTS
Canada’s third-largest gold miner Kinross Gold on Tuesday reported a 58% year-on-year drop in net first-quarter earnings to $105.7-million, or 9c a share, as a result of one-off tax costs.
A $110.3-million remeasurement of deferred tax...
By: Henry Lazenby
9th May 2012
GOLD
Crocodile Gold expects 200% production increase
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Following the acquisition of two new Australian mines from AuRico Gold, TSX-listed Crocodile Gold Corp on Tuesday said it expected a threefold gold production increase this year to between 155 000 oz and 175 000 oz.
The company, which mainly...
By: Henry Lazenby
9th May 2012
TSX LISTING
Azimuth to start trading on TSX
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The Toronto Stock Exchange has approved junior gold and uranium explorer Azimuth listing on the exchange.
Shares were expected to start trading on the TSX on May 10.
9th May 2012
RESOURCE UPDATE
Tahoe hikes Escobal resource, unveils expansion plans
0 COMMENTS
TSX-listed Tahoe Resources on Monday increased the indicated silver resource at its Escobal project, in south-eastern Guatemala, by half to 367.5-million ounces, at an average grade of 422 g/t.
The new National Instrument 43-101-compliant...
By: Henry Lazenby
8th May 2012
COPPER
Lumina lifts Taca Taca copper resource by 62%
0 COMMENTS
Argentina-focused explorer Lumina Copper on Monday increased its preliminary sulphide resource estimate at its fully owned Taca Taca project by 62%, to 10.7-billion pounds of copper in the indicated category.
The copper/gold/molybdenum project,...
By: Henry Lazenby
8th May 2012
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