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Exploration News

Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

By: Henry Lazenby     10th November 2017 A team of researchers at the University of Exeter’s Camborne School of Mines, based in Cornwall, the UK, are pioneering the development of a ‘Fairtrade’ model for ethically and sustainably resourcing raw materials that are crucial in the manufacturing of next-generation technologies. The research... 

Camborne School of Mines pioneers ‘Fairtrade’ model for ethically, sustainably resourced raw materials

Fortune to consider higher cobalt output in Nico feasibility report

By: Henry Lazenby     10th November 2017 Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday. London,... 

Uranium producer progresses mine consolidation strategy

     10th November 2017 Canadian uranium miner GoviEx Uranium will acquire the uranium mineral interests of independent power producer African Energy Resources in Zambia, with the Zambian Competition and Consumer Protection Commission announcing in June that it had reviewed and provided its approval for the transaction. 

Uranium producer progresses mine consolidation strategy
Photo by GoviEx Uranium
PROJECT PROGRESSES GoviEx has received expressions of interest from export credit agencies and project finance banks to arrange senior debt financing for the construction of the Madaouela uranium project

Bold steps taken to ensure growth in West Africa

By: Robyn Wilkinson     10th November 2017 With the development of a strong project pipeline and exploration prioritised in the underexplored Birimian belt, in West Africa, gold miner Endeavour Mining is on a clear path to achieving its 2019 goal of becoming a premier African gold producer, says Endeavour Mining CEO Sebastien de Montessus. 

Bold steps taken to ensure growth in West Africa
FLAGSHIP PROJECT Once in production, Houndé will rank among West Africa's top-tier cash-generating mines

Technologies for mining asteroids can be adapted for mining on earth, says SAP

By: Schalk Burger     10th November 2017 The dynamics of mining on earth are changing as the economics of the industry change. Mechanisation, digitalisation and environment-friendly trends are dramatically affecting the fundamentals of mining worldwide, says enterprise resource planning multinational SAP MineRP marketing VP Empie... 

Technologies for mining asteroids can be adapted  for mining on earth, says SAP
ADRIANA MARAIS Exploration and development of skills and capabilities as part of research and development can trigger innovation

Madagascar graphite mine poised for global success

By: Robyn Wilkinson     10th November 2017 Proving its growing strength in the graphite market, Australian industrial mineral concentrate producer Bass Metals – the only graphite producer currently listed on the ASX – last month sold, in advance, 50%, or 3 000 t/y, of flake graphite concentrate from the first stage of its Graphmada mine’s... 

Madagascar graphite mine poised for global success
A MODERN MINE In addition to the establishment of a new processing plant and significant earthworks and site works, a new modular drying system has been implemented at Graphmada

Positive signs for African miners with transparent regulations

By: Tasneem Bulbulia     10th November 2017 While the African mining industry is in a downturn, countries that boast favourable mining regulations will capitalise once the industry improves, says global engineering, project and technical services firm Wood Mining & Minerals EMEA business development director Trevor Anderson. Wood is a... 

Positive signs for African miners with transparent regulations
Photo by Bloomberg
SPECIALITY COMMODITIES Over the past 12 to 18 months, there has been a much larger focus on commodities such as lithium and graphite

Favourable policies key to attracting mining investment

By: Dylan Slater     10th November 2017 Sentiment from the Hogan Lovells Africa Forum, held in September, in Sandton, in Johannesburg, culminated in a call for mining policy change, and especially policy that affects the South African mining industry. The event was hosted by law firm Hogan Lovells.  

Peel raises A$6m for exploration work

By: Esmarie Swanepoel     9th November 2017 Diversified metals explorer Peel Mining will raise A$6-million in a share placement to accelerate exploration work in New South Wales. The company on Thursday announced that it had successfully placed 15-million fully paid ordinary shares, at 40c each, to sophisticated and institutional investors. 

Prieska zinc/copper project delivers further positives

By: Creamer Media Reporter      8th November 2017 Dual-listed Orion Minerals on Wednesday reported further positive results from its ongoing drilling programme at the Prieska zinc/copper project, in the Northern Cape. The company said in a drilling update that the assay results received confirm significant zinc and copper mineralisation over the... 

Former CEO returns to Stratex to help steer strategy

By: Mariaan Webb     8th November 2017 Following the failed takeover of Brazil-focused Crusader Resources and the subsequent departure of Marcus Engelbrecht, Aim-listed Stratex International has invited its former CEO, Dr Bob Foster, to rejoin the company to review and formulate a strategy. Foster will join Stratex on an interim basis... 

Crusader officially pulls plug on Stratex merger

By: Esmarie Swanepoel     8th November 2017 ASX-listed Crusader Resources has officially pulled the plug on a proposed merger with Aim-listed Stratex International, after that company’s shareholders tanked the deal. A number of Stratex shareholders called a general meeting in early November to allow shareholders to vote on the proposed... 

Mercantile plans to buy Bauxite Resources, sell its assets and return cash to shareholders

By: Esmarie Swanepoel     8th November 2017 ASX-listed Mercantile Investment Company has announced its intention to make a proportional off-market takeover bid for half of fellow-listed Bauxite Resources as part of a plan to put cash back in shareholders’ pocket after a decade of “failed” exploration efforts. In a letter to Bauxite... 

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho

By: Henry Lazenby     8th November 2017 Aim-listed copper junior Phoenix Global Mining has formulated an ambitious growth strategy to restart mining at the brownfields Empire copper mine, in Idaho, by 2020. The company made its debut on the LSE's Aim market late in June, with the aim of bringing the historic mine back into production,... 

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho
Photo by Phoenix Global Resources
Drilling underway at Phoenix Global Resources' Empire mine, Idaho

Centerra, Aurico Metals reveal C$310m friendly tie-up

By: Henry Lazenby     7th November 2017 Canadian gold miners Centerra Gold and AuRico Metals have struck an accord to combine their businesses through a friendly C$310-million deal that will see Centerra usurp all of the outstanding equities of AuRico. Centerra is offering C$1.80 a share, representing a 38% premium on AuRico's... 

Centerra, Aurico Metals reveal C$310m friendly tie-up

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Metalicity to review lithium potential

By: Esmarie Swanepoel     7th November 2017 ASX-listed explorer Metalicity has appointed CSA Global to undertake a geological review of the company’s four lithium projects in Western Australia, in the hopes of generating new targets and prioritizing existing targets. “Given the size of the company’s lithium portfolio and interest from end... 

Hannans hopes to raise cash through SPP

By: Esmarie Swanepoel     7th November 2017 ASX-listed Hannans is hoping to raise A$2.5-million through a share purchase plan (SPP) to fund lithium exploration in Western Australia. Eligible shareholders will be able to purchase up to A$15 000 worth of new Hannans shares, with the issue rice to be determined at the end of the SPP offer... 

Argentina Lithium lays claim to entire salar within LatAm's 'Lithium Triangle'

By: Henry Lazenby     7th November 2017 The TSX-V-listed stock of energy metals junior Argentina Lithium & Energy shot up nearly 52% on Monday after the company announced that it had staked an entire salar, or salt flat, in Argentina's Incahuasi Salar and basin, in Catamarca province. The stock movement on Monday pays testament to the... 

Bagassi South feasibility study adds 40% more gold ounces to Roxgold's Yaramoko project

By: Henry Lazenby     7th November 2017 A new feasibility study on Roxgold's Bagassi South project, which is located on the TSX-quoted company's Yaramoko concession, in the Houndé greenstone region of Burkina Faso, has outlined the potential to lift the Yaramoko project's expected gold output by 150 000 oz/y. The 40% increase in output... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Metanor rises on two vein discoveries at Bachelor

By: Henry Lazenby     4th November 2017 Junior miner Metanor Resources has reported a significant intercept grading 4.6 g/t gold at its Bachelor gold mine, located 90 km northeast of Lebel-sur-Quevillon, Quebec. The Val d’Or, Quebec-based miner started an underground drilling campaign in September on Level 11 to the south from the main... 

Denison extends high-grade Gryphon mineralisation at Wheeler River

By: Henry Lazenby     4th November 2017 Uranium explorer and development company Denison Mines has extended the new high grade unconformity-hosted mineralisation up-dip and about 250 m along strike to the northeast of the Gryphon deposit, which is part of the 60%-owned Wheeler River uranium project, in the Athabasca basin of Northern... 

Integra seals DeLamar acquisition, gains TSX-V listing

By: Henry Lazenby     4th November 2017 Exploration company Integra Resources has closed the cash-and-scrip acquisition of its flagship DeLamar gold and silver project, in Southern Idaho, from a subsidiary of Kinross Gold, it advised on Friday. Under terms of the acquisition, Integra paid Kinross C$7.5-million in cash and issued... 

Technology to shift project relations from adversarial to cooperative 

By: Simone Liedtke     3rd November 2017 Fluctuating global commodity demand and prices, as well as escalating geopolitical risks are causing concern among asset owners and investors, and is resulting in capital projects either being postponed or cancelled in the South African mining industry, states specialist business and project... 

Technology to shift  project relations from  adversarial to cooperative
Specialist business and project management consultancy SSG Consulting strategy and business development GM Jacques Marais discusses the company’s KEY360 mobile application. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have no or limited access to electricity comes the call for new large-scale power stations to be built. In line with this expansion is a keen interest in nuclear power stations and,... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

Scarce funding necessitates effective project management

By: Simone Liedtke     3rd November 2017 The South African mining industry is not a sunset industry, but will continue its decline until there is a significant change in the relationship between industry stakeholders, such as government, labour and mining companies, states Paradigm Project Management (PPM) director Jeremy Clarke. 

Scarce funding necessitates  effective project management
Photo by Duane Daws
JEREMY CLARKE A common belief is that money should not be spent on project management

Endeavour, Randgold form JV to explore adjacent assets in Côte d'Ivoire

By: Natasha Odendaal     2nd November 2017 TSX-listed Endeavour Mining and LSE-listed Randgold Resources have teamed up to explore their adjacent Sissedougou and Mankono exploration properties, in Côte d'Ivoire. Randgold and Endeavour will hold a respective 70% and 30% interest in a newly formed joint venture (JV) that combines the two... 

Kibali Africa’s most mechanised gold mine – Randgold

By: Martin Creamer     2nd November 2017 If you want to make money in mining, you must be efficient and a company taking efficiency to new heights in Africa is Randgold Resources. While there is a perception in some developed world minds that in Africa mineworkers arrive at the gate, pick up a spade and go out there and shovel stuff,... 

Kibali Africa’s most mechanised gold mine – Randgold
Randgold Resources CE Mark Bristow underground at Kibali

WA govt gets more applications for EIS funds

By: Esmarie Swanepoel     2nd November 2017 The Western Australian government has received 52 submissions, including six from prospectors, for Round 16 of its Exploration Incentive Scheme (EIS), which will be awarded in early December. Mines and Petroleum Minister Bill Johnston said on Thursday that the applications for Round 16 of the EIS... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

Ivanhoe hits shaft-digging milestone at Platreef
Photo by Ivanhoe Mines
Platreef's Shaft 1 sinking headgear and related surface infrastructure

Corvus stock rallies on North Bullfrog resource expansion; maiden sulphide resources

By: Henry Lazenby     1st November 2017 Vancouver-based explorer Corvus Gold has enlarged the Nevada-based North Bullfrog project's combined compliant measured and indicated resource by 30%, supporting the TSX-listed stuck on Tuesday to rise more than 4% to C$1.23 a share. Corvus said the updated resource assessment comprised a... 

Reviewed Central Eyre mine plan speeds up production timetable, cuts capital costs

By: Ilan Solomons     31st October 2017 ASX-listed Iron Road on Tuesday announced that a review of the mine plan of its Central Eyre iron-ore project (CEIP), in South Australia, had identified lower upfront capital requirements and that it had accelerated the project’s ore extraction. The review, conducted by Thiess-RWE, focused on... 

Reviewed Central Eyre mine plan speeds up production timetable, cuts capital costs
Photo by Iron Road
The mine plan review focussed on opportunities relating to early ore access and mine establishment costs

Ortac raises £1.7m for core African assets

By: Natasha Odendaal     30th October 2017 Aim-listed Ortac Resources has raised £1.7-million through a placing to fund further investments into its core African assets. The mineral exploration company placed 85-million new ordinary shares of no par value at 2p a share. 

West African increases Sanbrado resource

By: Esmarie Swanepoel     30th October 2017 Gold developer West African Resources has reported a 105% increase in ounces at the M1 South deposit at its Sanbrado gold project, in Burkina Faso. West African on Monday reported that the M1 South deposit is now estimated to host 1.2-million tonnes of ore, grading 14.4 g/t gold for 556 000 oz... 

Minera Alamos makes good on project-acquisition maxim with new Mexican option accord

By: Henry Lazenby     27th October 2017 TSX-V-listed explorer and project developer Minera Alamos has entered into an option agreement with fellow Canadian miner Vista Gold, to acquire all of the issued shares of Vista subsidiary Minera Gold Stake, which owns the Guadalupe de Los Reyes gold project, in Mexico. Minera Alamos believes... 

PEA demonstrates ‘extremely compelling’ economics for Timok Upper Zone

By: Henry Lazenby     27th October 2017 Canadian base metals producer Nevsun Resources has reported strong economics for its proposed Timok Upper Zone project, in Serbia. The results of a preliminary economic assessment (PEA), completed by Vancouver-based SRK, has outlined a $630-million project that will produce 2.1-billion pounds of... 

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