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

McEwen raises cash for next year’s exploration programme

By: Creamer Media Reporter      6th December 2018 Precious metals miner McEwen Mining has announced a bought deal private placement offering to raise $15-million to fund its 2019 exploration programme in the Timmins region of Canada. The company is issuing 2% of its currently outstanding shares at $2.26 a share (C$3.02), representing a premium... 

Genesis raises funds for Ulysses drilling

By: Esmarie Iannucci     6th December 2018 Gold developer Genesis Minerals has raised A$5-million through a share placement to fund ongoing resource drilling at its Ulysses gold project, in Western Australia, in an effort to expand the project. The company will issue up to 178.57-million new shares, at a price of 2.8c each, to... 

Investment Battlefield competition seeks next big investment opportunity

By: Simone Liedtke     5th December 2018 Investing in African Mining Indaba is set to host its third Investment Battlefield competition during its twenty-fifth edition of the event from February 4 to 6, 2019. Event organisers are looking for sub-Saharan Africa’s most promising mining companies with a market capitalisation of $50-million... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Exploration surges in Queensland

By: Esmarie Iannucci     5th December 2018 Queensland is experiencing a resurgence in exploration investment across all commodities, a new report from the Queensland Exploration Council (QEC) has shown. The annual QEC Exploration Scorecard found coal exploration has increased for the first time since 2011/12, going up by 27%, while... 

BHP gets approval for Venus

By: Esmarie Iannucci     5th December 2018 Diversified miner BHP has been granted development approval of its Venus underground nickel mine, by the Western Australian state government. Venus, which was discovered six years ago, will be the source of high-grade material that will feed the Leinster nickel operation’s mille and concentrator... 

Boreal to initiate new drilling programme at Gumsberg

By: Creamer Media Reporter      4th December 2018 Minerals explorer Boreal Metals is making progress with its Scandinavia projects, the company reported this week, as it wrapped up a drilling programme at Burfjord, in Norway, and announced that it would initiate follow-up drilling at Gumsberg, Sweden. At the early-stage Burfjord prospect,... 

Australia’s Sept quarter mineral exploration up

By: Esmarie Iannucci     3rd December 2018 Mineral exploration expenditure in Australia rose by 2.5%, or A$14.3-million to A$582.1-million in the September quarter, new data from the Australian Bureau of Statistics (ABS) has revealed. Greenfields exploration increased by 13%, or A$25.7-million, while brownfield expenditure fell by 2%, or... 

Pan African confirms 800 000 oz resource estimate at Royal Sheba

By: Marleny Arnoldi     30th November 2018 Gold miner Pan African Resources has finalised the exploration drilling programme on the Royal Sheba project, in Barberton, Mpumalanga, and declared a mineral resource estimate of 800 000 oz, out of an 8.97-million tonnes reserve, grading 2.62 g/t gold. The consultancy that signed off on the... 

Fortescue taps new tech to step up copper hunt across Australia

By: Reuters     30th November 2018 Australian miner Fortescue Metals this week said the latest developments in satellite imagery are helping it scour vast swathes of its own backyard for new deposits, seeking an edge as it jostles with global peers for the next big strike. The world's fourth-largest iron ore miner raised its... 

Artemis raises A$5.4m

By: Esmarie Iannucci     30th November 2018 ASX-listed junior Artemis Resources has secured some A$5.4-million in funding from a UK-based institutional investor to fund exploration in the Patersons Range, in Western Australia. “This new funding allows Artemis to start exploration at Armada and finalise the next resource upgrade and... 

Eastern Goldfields enters administration

By: Esmarie Iannucci     30th November 2018 ASX-listed Eastern Goldfields has gone into voluntary administration. The junior company said on Friday that the administrators would work with the company to review its operations, which were currently on care and maintenance, as well as its financial position. 

Eastern Goldfields enters administration

Todd River raises A$4.9m for Mt Hardy exploration

By: Esmarie Iannucci     30th November 2018 Base metals explorer Todd River Resources has completed a A$4.9-million capital raise to fund exploration work at its Mt Hardy zinc/copper project, in the Northern Territory. The ASX-listed company said on Friday that some 57.05-million shares would now be issued, of which fellow-listed S2... 

Sector remains significant for mobile buildings company

By: Cameron Mackay     30th November 2018 The oil and gas industry will remain a significant focus for prefab and modular buildings in 2019, says rental buildings manufacturer Kwikspace, rentals executive Andre Prinsloo. 

Sector remains  significant for mobile buildings company
KWIKSPACE MODULAR BUILDINGS Kwikspace provides a range of modular buildings and rental fleet buildings to rapidly accommodate people during shutdowns

Need for digital tech growth in industry

By: Cameron Mackay     30th November 2018 Although the oil and gas industry has begun to use analytics, it can use digital technology to grow the industry even more, says consulting and business process services company Wipro business development manager for South Africa Marleze van Loggerenberg. “Oil and gas companies are focusing on... 

Need for digital tech growth in industry
MARLEZE VAN LOGGERENBERG Africa has the potential to leapfrog current technology and current infrastructure, and implement new technologies in its operations

Deep-water Africa at the heart of Impact’s strategy

30th November 2018 Owing to the upstream oil industry quickly becoming comfortable with increased demand, and the resultant improvement in investor confidence, privately-owned oil and gas exploration company Impact Oil and Gas exploration director Phil Birch says Africa is witnessing an upsurge in interest in... 

Deep-water Africa  at the heart of  Impact’s strategy
OFFSHORE OIL RIG Some of the largest remaining oil and gas reserves lie along deep passive continental margins

Attractive and certain policy presents positive prospects for industry

By: Cameron Mackay     30th November 2018 With the now confirmed separation of oil and gas legislation from that of mining in the Mineral and Petroleum Resources Development Act South African Oil & Gas Alliance (Saoga) CEO Niall Kramer says the prospects of South Africa entering the liquefied natural gas and indigenous shale gas market... 

Attractive and certain policy presents positive prospects for industry
NIALL KRAMER The separation of oil and gas legislation from mining legislation is something that the industry has been asking for and policy makers are heading the country in the right direction

Skills upgrade in SA oil and gas industry needed

By: Cameron Mackay     30th November 2018 South Africa has fallen behind the rest of Africa in the oil and gas industry in terms of skills, exploration and legislation, says OPITO (which used to be known as the Offshore Petroleum Industry Training Organization before it was internationally recognized) accredited offshore training company... 

Canadian govt introduces measures to boost mining

By: Nadine James     30th November 2018 Measures included in the 2018 Fall Economic Statement (FES) will provide an “important boost for Canadian mining competitiveness”, industry organisation Mining Association of Canada (MAC) noted in a statement released last week. The mining industry is a major sector of Canada's economy,... 

Canadian govt introduces measures to boost mining
Photo by Reuters
BILL MORNEAU The Canadian finance minster proposed several measures to enhance the investment competitiveness of Canada's mining and metal manufacturing sectors

Group Eleven announces resource estimate for Ireland zinc project

By: Creamer Media Reporter      29th November 2018 Canadian junior Group Eleven has announced a new mineral resource estimate for its 60%-owned Ballinalack zinc project, in Ireland. The Ballinalack project contains estimated inferred mineral resources of 5.4-million tonnes grading 8.7% zinc and lead combined (7.6% zinc and 1.1% lead) and 9.0 g/t... 

Core increases Finniss resource

By: Esmarie Iannucci     29th November 2018 ASX-listed Core Lithium has increased the mineral resource estimate at its Finniss lithium project, in the Northern Territory, to 6.3-million tonnes, grading 1.4% lithium oxide, following the declaration of a maiden inferred mineral resource estimate for the Sandras deposit. The Sandras deposit... 

Orion finds new copper/zinc massive sulphide body near Prieska project

By: Creamer Media Reporter      28th November 2018 ASX- and JSE-listed Orion Minerals has discovered a new copper/zinc-bearing massive sulphide body located near its flagship Prieska zinc/copper project, in the Areachap Belt, in the Northern Cape.   The discovery hole, OAXD002, was drilled at the Ayoba prospect, a satellite exploration target,... 

Cohiba cashes in on BHP proximity

By: Esmarie Iannucci     28th November 2018 The share price of junior Cohiba Minerals has more than doubled following mining major BHP’s copper discovery in South Australia. Cohiba, which owns the Minerals Horse Well exploration license, adjacent to the BHP discovery, said on Wednesday that it will immediately accelerate its exploration... 

Nigeria awards mining exploration contract to ten mining, consulting firms

By: Reuters     28th November 2018 Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday. Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight... 

Ring of Fire explorers laud First Nation road announcement

By: Mariaan Webb     27th November 2018 Exploration juniors KWG Resources and Noront Resources have lauded progress in the advancement of the all-season access to connect to far-flung First Nation communities in Northern Ontario. The Marten Falls First Nation announced last week that global engineering firm Aecom had been selected to... 

Centaurus finds JV partner for Itapitanga

By: Esmarie Iannucci     27th November 2018 ASX-listed Centaurus has signed a binding earn-in and joint venture (JV) term sheet over the Itapitanga nickel/cobalt project, in Brazil. Under the term sheet, battery metals process leader Simulus Group would have the right to earn an 80% interest in the project through stages. 

Tongo resource estimate increases to 7.4Mct

By: Simone Liedtke     26th November 2018 ASX-listed Newfield Resources’ Tongo diamond project, in Sierra Leone, now has a Joint Ore Reserves Committee-compliant resource estimate of about 7.4-million carats, spread across four kimberlites. About 1.9-million carats, or about 25% of the updated in-situ resource, is classed in the... 

New administrations, policies spur optimism for South Africa, Brazil  

By: Nadine James     23rd November 2018 The withdrawal of the Minerals and Petroleum Resources Development Act Amendment Bill, the finalisation of Mining Charter 3 and the investment drive led by President Cyril Ramaphosa, has given the South African mining sector reason to be cautiously optimistic, Herbert Smith Freehills partner... 

Short-course participants learn about theoretical, practical aspects of diamond exploration

By: Nadine James     23rd November 2018 Leading diamond exploration, evaluation and mining geologists Dr Mike de Wit and Dr John Bristow – in collaboration with the University of Pretoria Geology Department and Enterprises University of Pretoria – presented a short course on ‘Diamond Exploration and their Primary and Secondary Sources’... 

Short-course participants learn about theoretical,  practical aspects of diamond exploration
CLASS OF 2018 20 students and 20 delegates attended this year’s Diamond Short Course in collaboration with the University of Pretoria

IDM expands Red Mountain underground drilling programme

22nd November 2018 The underground drilling programme at the advanced-stage Red Mountain project, near Stewart, British Columbia, has been expanded with the addition of a third drill rig. The expanded programme now includes 13 000 m in more than 54 holes and will be completed by mid-December, IDM Mining reported... 

Multi-year tax credit extension a major boost for exploration in Canada

By: Mariaan Webb     22nd November 2018 The Canadian government’s 2018 fall economic statement (FES), released on Wednesday, contains several measures to boost the competitiveness of the mining industry, including the first multi-year renewal of the Mineral Exploration Tax Credit (METC) since its inception in 2000. The METC, which... 

Multi-year tax credit extension a major boost for exploration in Canada

Deadline for fresh exploration of expiring mining leases across India likely to be missed

By: Ajoy K Das     20th November 2018 The Mines Ministry deadline of December 2018 for all states to complete exploration of 329 mineral blocks where mining leases are scheduled to expire on March 31, 2020, is largely going to be missed. The Mines Ministry earlier in the year directed all state governments to make mineral blocks... 

Saturn adds to Apollo Hill resource

By: Esmarie Iannucci     19th November 2018 Junior explorer Saturn Metals has reported a 36% increase in the resource at its Apollo Hill deposit, in Western Australia. The inferred mineral resource is now estimated at 20.7-million tonnes, grading 1 g/t gold for 685 000 oz, which Saturn said was a 14% increase on the previously estimated... 

Orion clears another significant hurdle at Prieska project

By: Natasha Odendaal     16th November 2018 The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The... 

Global exploration up 19%; cobalt/lithium budgets soar 

By: Esmarie Iannucci     15th November 2018 The budget for global non-ferrous exploration has increased by 19% year-on-year, to $10.1-billion, new data from S&P Global Market Intelligence has revealed. This was the second consecutive year where there has been an upturn in exploration spend, with S&P reporting on Thursday that junior... 

Global exploration up 19%; cobalt/lithium budgets soar

Hipo joins the hunt in DRC

By: Esmarie Iannucci     15th November 2018 ASX-listed Hipo Resources has signed a joint venture (JV) agreement to earn a 60% interest in the Kamola lithium project, in the Democratic Republic of the Congo. Under the terms of the agreement with Crown Mining, Hipo will sole-fund $5-million in exploration and project development expenditure... 

Peregrine, NexGen and Cardinal among leaders honoured in PDAC awards

By: Creamer Media Reporter      14th November 2018 The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community. The Bill Dennis award went to Peregrine Diamonds, which discovered the... 

Avesoro remains on track to meet FY18 production guidance

By: Simone Liedtke     13th November 2018 West Africa-focussed Avesoro Resources’ gold production increased by 247% year-on-year to 175 492 oz for the nine months ended September 30. This, the miner said on Tuesday, is in line with the full-year output guidance. 

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