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Exploration News

Deep sea mining viability gets boost as prices rise, land-based ore depletes

By: Natasha Odendaal     27th October 2017 As demand for rare earths and precious minerals increase amid a drive towards a low-carbon economy, depleting land-based reserves are increasingly boosting the commercial viability and attractiveness of the “last frontier” of deep sea mining. With growing demand driving the prices for copper,... 

Connemara explores for gold in Inishowen peninsula

By: Mariaan Webb     27th October 2017 Irish gold and zinc explorer Connemara Mining has concluded a drilling programme for gold in the Inishowen peninsula, which lies west of the prospective Dalradian rocks of Northern Ireland where several gold projects are being advanced. Although Connemara is not the first to explore the peninsula... 

Africa must innovate or risk being left behind

     27th October 2017 South Africa remains a resource-rich region, but has missed opportunities to take advantage of the resources boom. As such, it has suffered more than other resource-rich regions during the industry downturn, says mining networking platform African Mining Network (AMN) chairperson Yolanda Torrisi.... 

Africa must innovate or risk being left behind
YOLANDA TORRISI Innovation, cost effectiveness and safety are factors that must be prioritised, to boost Africa’s opencast mining industry

Small-scale opencast mining to boost industry

By: Nica Schreuder     27th October 2017 For diamond mining company De Beers’ Venetia mine GM, Benford Mokoatle, opencast mining is the future, owing to changing priorities and mindsets within industry, which must occur to sustain the mining industry in South Africa. Specifically, Mokoatle says the country must begin focusing on... 

Small-scale opencast  mining to boost industry
THINK SMALL Big industries and big underground mines are too capital intensive

Supply of coalbed methane being investigated

     27th October 2017 Independent clean energy company NuEnergy Gas has signed a memorandum of understanding (MoU) with Pertamina Gas to investigate the supply of coalbed methane (CBM) from its Tanjung Enim production sharing contract (PSC) for distribution to Pertamina Gas consumers in Sumatra, in western Indonesia.... 

Supply of coalbed methane being investigated
MEETING ENERGY NEEDS NuEnergy is focused on the development of Indonesian unconventional gas assets to meet the country's growing demands

Resources Watch  

     26th October 2017 Exploration, junior culture needed to save mining; Young HDSA diamond beneficiators doing well; And, Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

Resources Watch
Resources Watch

Collective vision, exploration needed in mining 

     26th October 2017 It’s been a busy week for mining, with calls for a collective national vision, critical views on exploration constraints and significant transactions between miners. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

Collective vision, exploration needed in mining
Collective vision, exploration needed in mining

Predictive raises cash for African exploration

By: Esmarie Swanepoel     26th October 2017 ASX-listed Predictive Discovery has announced an 8-for-21 renounceable rights issue aimed at raising some A$2.6-million. The rights issue will be undertaken at a price of 4.2c a share, which represented a discount of 34% to Predictive’s 30-day volume weighted average share price. 

Relook at low-carat pipes could spring big diamond surprises   

By: Martin Creamer     25th October 2017 Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged. Although diamond company De Beers walked away... 

Relook at low-carat pipes could spring big diamond surprises
Florida International University’s Stephen Haggerty outline’s the big diamond potential of very low-grade diamond kimberlites to Mining Weekly Online’s Martin Creamer. Photograph: Duane Daws. Video and Editing: Lionel de Silva

Kairos finds funding for Pilbara gold project

By: Esmarie Swanepoel     25th October 2017 Diversified explorer Kairos Minerals on Wednesday announced a A$7-million share placement to sophisticated and professional investors to fund exploration at its Pilbara gold project, in Western Australia. Some 127.2-million new shares will be issued at a price of 5.5c each, along with one free... 

Sovereign raises funds for Malawi work

By: Esmarie Swanepoel     25th October 2017 ASX-listed junior Sovereign Metals will raise A$6.5-million through a share placement to continue development work at the Malingunde flake graphite project, in Malawi. Sovereign on Wednesday told shareholders that it had secured commitments from institutional and sophisticated investors in... 

Alio hits strong mineralisation at Ana Paula

By: Henry Lazenby     24th October 2017 Precious metals-focused explorer and producer Alio Gold (formerly Timmins Gold) has intersected 10.8 g/t gold over 99.4 m at its Ana Paula development project, in Mexico, the company reported on Tuesday. The Vancouver-headquartered company reported the latest results from an ongoing 2 000 m drill... 

Nicaragua-focused Condor gains TSX listing

By: Henry Lazenby     24th October 2017 London, UK-based explorer Condor Gold has been given conditional approval to list its equities on the TSX main board, in Toronto. Focused on its flagship La India project, in Nicaragua, the company advised that it will maintain its LSE Aim stock listing. 

Energia appoints exploration manager in Italy

By: Creamer Media Reporter      23rd October 2017 Explorer Energia Minerals has appointed Fabio Granitzio to head up its exploration strategy in Italy, focusing on the flagship Gorno zinc project and other exploration assets, including the newly granted licence covering the historic Salafossa project. Prior to his appointment, Granitzio was... 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Pioneer raises cash for exploration

By: Esmarie Swanepoel     20th October 2017 ASX-listed Pioneer Resources has raised A$5.6-million through a share placement to sophisticated investors and a share purchase plan. The company on Friday said that it had raised an initial A$4.3-million through the SPP issuing about 312.3-million shares at a price of 1.4c each. 

Conference cornerstone of geophysics industry

By: Nadine James     20th October 2017 The fifteenth biennial South African Geophysical Association (SAGA) conference and exhibition has become a cornerstone of the geophysics industry within the African region, says SAGA conference committee chairperson Reece van Buren. “No other event caters for our science quite like this one and... 

Conference cornerstone  of geophysics industry
A FORMATION OF GEOPHYSICISTS This year’s South African Geophysical Association conference and exhibition included 32 exhibitors, 15 sponsors, 19 keynote speakers, 218 delegates and about 30 geophysics students

Company explores tailings project, defines overall resource

By: Nadine James     20th October 2017 Rustenburg-based miner LANXESS Chrome Mining – owned by German speciality chemicals company LANXESS – is investigating the viability of a tailings retreatment project, in addition to defining the resource of its existing opencast licence and that of its recently acquired land, thereafter... 

Norwegian oil giant increases foothold in SA

     20th October 2017 Norwegian oil and gas company Statoil has acquired a 35% interest in exploration right 12/3/252 Transkei-Algoa, south of the Eastern Cape coastline, in South Africa, which is in line with its aim to position itself for global opportunities. This announcement followed the conclusion of a... 

Norwegian oil giant  increases foothold in SA
Photo by Statoil
PLUMBING NEW DEPTHS Statoil has numerous projects along the Norwegian continental shelf, as well as around the Southern African coast from Angola to Tanzania

Rise in DRC exploration activity expected

     20th October 2017 With the improvements in the copper price, mining interest will soon be returning to the Democratic Republic of Congo (DRC), says mining consultancy SRK Consulting country manager Susa Maleba.   “In fact, for explorers wanting to initiate drilling programmes, time is running out,” says Maleba.... 

Rise in DRC exploration activity expected
EXTENDING LIFE The sulphide resources underlying the oxide resources at Kinsevere have the potential to extend the mine life to 2033

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

Atlas Copco

     20th October 2017 A world-leading provider of sustainable productivity solutions, Atlas Copco is characterised by focused businesses, a global presence with direct sales and service, a strong, stable and growing service business, professional people and an asset-light and flexible manufacturing setup. “We are... 

Atlas Copco

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

Connemara boosts Wicklow gold project with acquisition of prospecting licences

By: Mariaan Webb     19th October 2017 Irish exploration company Connemara has acquired 17 existing prospecting licences in Ireland from a company that was formed by the late Dale Hendrick, who was renowned in gold exploration. The company acquired control of 12 existing HRI prospecting licences for a royalty agreement comprising a... 

Urgent need for exploration, junior culture in resources sector – Bristow  

     19th October 2017 Resources consultant Dr John Bristow recently warned that there was an urgent need to explore, develop and instil a junior culture in South Africa’s resources sector. Mining Weekly editor Martin Creamer recently spoke with Dr Bristow and sits down with Creamer Media's Sashnee Moodley to talk... 

Urgent need for exploration, junior culture in resources sector – Bristow
Urgent need for exploration, junior culture in resources sector – Bristow

Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

By: Martin Creamer     18th October 2017 London- and Botswana-listed Botswana Diamonds, which is funding diamond exploration on three sites in South Africa, expects to declare an inferred resource by year-end at its Thorny River project in Limpopo, which is located very close to the Marsfontein mine that had an astonishing... 

Diamond exploration intensifying close to mine that paid for itself in 3.5 days
Botswana Diamonds MD James Campbell talks to Mining Weekly Online's Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Lionel da Silva

Altus secures new exploration licence in Ethiopia

By: Creamer Media Reporter      18th October 2017 Aim-listed Altus Strategies has been granted an exploration licence for the Daro copper/gold project, in northern Ethiopia. The licence covers an area of about 412 km2 and is valid for three years. 

Miners beware growing cyber risk

By: Henry Lazenby     17th October 2017 Cyber risk has increased in prominence on professional services firm EY’s annual ‘Top 10 business risks facing mining and metals’ report, jumping to third position from ninth in 2016. According to EY's report, which was published on Tuesday, cyber risk is an ever-growing issue – an outcome of... 

Miners beware growing cyber risk

Young HDSA diamond beneficiators doing well – De Beers 

By: Martin Creamer     17th October 2017 The model launched last year by De Beers for the development of young historically disadvantaged South Africans (HDSAs) as diamond beneficiators is proving highly successful, De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala said on Tuesday. Speaking to Mining Weekly Online on the... 

Young HDSA diamond beneficiators doing well – De Beers
De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd and Lionel de Silva.

Explorer Ferrum Crescent adopts revised strategy

By: Creamer Media Reporter      17th October 2017 Exploration firm Ferrum Crescent has announced a revised exploration strategy for the Toral base metals project, in Spain, including the appointment of expert geological advisers to better understand the project economics. The revised strategy will be led by newly appointed executive director... 

Independence unveils nickel exploration budget for 2018

By: Esmarie Swanepoel     17th October 2017 ASX-listed diversified miner Independence Group will spend nearly 60% of its A$50-million exploration budget in 2018 on the Nova and Fraser Range project area. Independence MD and CEO Peter Bradford told delegates at the Paydirt nickel conference in Perth, on Tuesday, that A$9-million would be... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Italy grants Energia exploration licence for historic Salafossa mine

By: Creamer Media Reporter      16th October 2017 ASX-listed Energia has been awarded an exploration licence covering the historic Salafossa mine area, in northern Italy near the border of Austria, the company reported on Monday. Salafossa, which was operational between 1964 and 1986, comprised a single sub-horizontal Mississippi Valley Style... 

Argentina Lithium starts digging at Arizaro

By: Henry Lazenby     13th October 2017 Lithium explorer Argentina Lithium & Energy has initiated its first drilling and subsurface brine sampling programme at the 20 500 ha Arizaro lithium project, located on the Arizaro Salar in Salta province. The TSX-V-listed company initially plans to drill three to four holes, with depths up to... 

Skeena starts underground exploration at Snip

By: Henry Lazenby     13th October 2017 Exploration and development company Skeena Resources has started underground drilling at its 100%-owned Snip gold project, located in the Golden Triangle of northwest British Columbia. The programme will comprise 9 000 m of drilling spread across 73 holes. 

As race for energy metals heats up, nickel expected to benefit most from EV revolution

By: Henry Lazenby     13th October 2017 Nickel prices stand to gain most from the advent of electric vehicles (EVs), Bank of America Merrill Lynch (BofAML) said on Friday in its latest ‘Global Metals Weekly’ report. According to the research team, despite China remaining an important driver of market demand, following on from being the... 

As race for energy metals heats up, nickel expected to benefit most from EV revolution
Photo by Thakadu Battery Materials
A lack of investment in mining capacity may mean that the battery industry could face an extended period of nickel sulphate supply shortfalls

Volcanic exploration at Guinea project shows potential to expand resource

By: Natasha Odendaal     13th October 2017 TSX-V-listed Volcanic Gold Mines this week released the results of close-spaced air core (AC) drilling at its Mandiana project, in Guinea, which shows potential to significantly increase the resource. The results, which include 20 m at 6.43 g/t gold (Au), 4 m at 10.4 g/t Au and 12 m at 6.34 g/t... 

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