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Exploration News

'Quarteritis’ damaging gold mining – Bristow

By: Martin Creamer     6th February 2018 ‘Quarteritis’ – short-term thinking in a long-term business – is terribly damaging, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking on day-two of the Mining Indaba, Bristow advocated an holistic approach to the mining of gold orebodies and bringing to an end the practice of high... 

Deadline proposed for new exploration on expiring mineral leases in India

By: Ajoy K Das     6th February 2018 In a bid to derisk mineral production, the Indian government is working on amending rules and on setting a deadline for miners to complete exploration on the mineral leases that are set to expire in 2020. In the case of mining leases for iron-ore, manganese and chromite, existing lease holders... 

Unmined gold offers exciting new opportunity – Froneman

By: Martin Creamer     6th February 2018 With more gold in the ground than has been mined in the last 100 years, the South African gold mining industry has a great opportunity to modernise, introduce a social and economic compact, loudly condemn the errant behaviour of the past and eliminate the trust deficit, Chamber of  Mines VP and... 

Unmined gold offers exciting new opportunity – Froneman
Photo by Martin Creamer
Sibanye-Stillwater CEO Neal Froneman

Kennady embarks on 2018 winter drilling campaign

By: Henry Lazenby     5th February 2018 Takeover target Kennady Diamonds has started work on a 10 500 m 2018 winter drilling campaign at the Kennady North diamond project,  in Canada's Northwest Territories. Subject to a friendly C$176-million takeover offer by TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds that was... 

Guyana Goldfields reports significant intercepts at greenfield targets

By: Henry Lazenby     5th February 2018 TSX-listed Guyana Goldfields has reported "significant intercepts" following a 2 500 m reconnaissance-style drill campaign at its Iroma and Wynamu prospects, in Guyana, the company reported on Monday. At the Iroma prospect, which is located about 10 km northeast of the company's flagship Aurora... 

Beaufort West municipality to be handed fresh water resource – Zwane

By: African News Agency      5th February 2018 Mineral Resources Minister Mosebenzi Zwane announced on Monday that his department would be handing over the newly-discovered fresh water resource in Beaufort West to the municipality. Last year, the Council for Geoscience (CGS), a statutory science council under the Department of Mineral... 

Centerra approves further funding for European JV partner on 2017 success; gets more credit

By: Henry Lazenby     2nd February 2018 Canadian miner Centerra Gold has approved expenditures of $1.85-million for this year to fund exploration campaigns in Sweden by its joint venture partner (JV) Erris Resources, following encouraging 2017 results. Results of the drill programmes undertaken in the second half of 2017 at the Klippen... 

Joi Ito to headline #DisruptMining finale

By: Creamer Media Reporter      2nd February 2018 Tech mogul Joi Ito will deliver a keynote address at the #DisruptMining finale on March 4, during the annual Prospectors and Developers Association of Canada (PDAC) Conference, in Toronto. A director of the MIT Media Lab and professor of the Practice of Media, Arts and Sciences at MIT, Ito is an... 

Bluejay raises £17m to support Greenland project development

By: Creamer Media Reporter      2nd February 2018 Aim- and FSE-listed Bluejay Mining has conditionally raised £17-million through an equity raising to support the advancement of the Dundas ilmenite project, in Greenland. These funds will support the company’s objectives of starting production, resource expansion, feasibility studies, licencing... 

Erris provides Sweden exploration update

By: Mariaan Webb     2nd February 2018 Results from the 2017 drill programmes at Erris Resources’ Klippen and Käringberget gold projects, in Sweden, have confirmed large alteration systems, indicating the prospective nature of the licences, the Aim-listed company reported on Friday. CEO Merlin Marr-Johnson said in a statement that the... 

Seabridge mulls mining Iron Cap deposit sooner

By: Henry Lazenby     2nd February 2018 Continuous successful exploration drilling over the past two years has prompted TSX- and NYSE-listed precious metals explorer Seabridge Gold to re-evaluate its approach to mining at the flagship Kerr, Mitchell and Sulphurets project (KSM), in north-western British Columbia. Based on the... 

Explorer changes name as it targets production of cobalt, other battery metals in DRC

By: Mia Breytenbach     2nd February 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under its new name started last... 

Explorer changes name as it targets production of cobalt, other battery metals in DRC
ALLURING POTENTIAL African Battery Metals will continue to advance the Ferensola gold project in Sierra Leone

Savannah submits mining lease applications for Moz sands project

By: Mia Breytenbach     2nd February 2018 Resource development company Savannah Resources has submitted three mining lease applications to Mozambique’s Ministry of Mineral Resources and Energy for mining leases for the Mutamba heavy mineral sands project. Located in the Gaza and Inhambane provinces, Mutamba is being developed in a... 

Savannah submits mining lease applications for Moz sands project
CONSTRUCTION COMPLEMENT Savannah Resources completed the construction of the pilot plant for its bulk metallurgical test work programme at Mutamba in December

Coloured gemstones market poised to increase from $2bn to R10bn in next decade

By: Nadine James     2nd February 2018 Diamonds are not rising in value, observes market commenting platform Safehaven, adding that better value could be derived from coloured stones such as rubies, emeralds and sapphires. The organisation notes that gemstone prices, which have been increasing steadily in the last decade, could... 

Coloured gemstones market poised to increase  from $2bn to R10bn in next decade
GOING GREEN Emeralds and other gemstones may displace diamonds in future

Goldsource expands strategic Guyana landholdings; appoints exec chair

By: Henry Lazenby     1st February 2018 Junior gold producer Goldsource Mines has entered into an option to acquire the Bishop Growler property located about 3 km from its operating Eagle Mountain gold project, in Guyana. The Vancouver-based miner's joint venture partner Kilroy Mining agreed to the option on behalf of the company,... 

Stratex appoints new CEO, provides strategy update

By: Anine Kilian     1st February 2018 Aim-listed Stratex International on Thursday named Tim Livesey its CEO and provided an update on the company’s future strategy, following the failed takeover of Brazil-focused Crusader Resources last year. The appointment of Livesey, who has 28 years’ experience in gold and base metals, with a... 

Increased capital raise takes Artemis cash reserves to A$20m

By: Mariaan Webb     1st February 2018 Pilbara junior Artemis Resources has raised an additional A$2-million from institutional clients of Patterson Securities, taking the company’s cash reserves to more than A$20-million. The additional capital will be raised through the issue of 10-million fully paid ordinary shares at A$0.20 a... 

A modern land run? Trump move opens Utah to mining claims under 1872 law

By: Reuters     31st January 2018 US President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials. Starting at 6 am on February 2... 

Centamin FY17 profit, Ebitda falls on higher costs, lower revenues

By: Dylan Slater     31st January 2018 Higher production and operating costs and lower revenues resulted in gold miner Centamin’s pretax profit falling by 16% year-on-year to $224.09-million for the year ended December 31. 

Higher coal prices lift MC Mining’s Q2 revenues

By: Dylan Slater     31st January 2018 Improved international coal prices and a weaker rand contributed to higher revenue for JSE-, ASX- and Aim-listed MC Mining in the second quarter of the current financial year.  

Higher coal prices lift MC Mining’s Q2 revenues
Photo by Duane Daws
MC Mining CEO David Brown

Gold juniors Minera Alamos, Corex Gold to merge

By: Henry Lazenby     31st January 2018 Junior mining companies Minera Alamos and Corex Gold have announced a merger of the two TSX-V-listed companies on Tuesday. The merger is expected to create a new entity with a market capitalisation of about C$50-million, with about C$6-million in cash on hand and holding a portfolio of three... 

Gold juniors Minera Alamos, Corex Gold to merge

Arizona Mining finds new quality zinc zones at Hermosa; enhanced PEA lifts project to global Top 5

By: Henry Lazenby     30th January 2018 The TSX-listed stock of Vancouver-based base metals explorer Arizona Mining has gained more than 25% since the start of the year, boosted by the release of an updated preliminary economic assessment (PEA) and the latest exploration results from the flagship Hermosa deposit, in Arizona, which... 

Beowulf to restart drilling at Finland graphite project

By: Mariaan Webb     30th January 2018 London-listed Beowulf Mining will restart drilling at its graphite project in Finland in March, as it steps up work to achieve a target of having a graphite asset in production in the next two to three years. The company’s current focus is the Aitolampi project, about 40 km south-west of the... 

NexGen embarks on winter exploration programme for Rook I

By: Henry Lazenby     30th January 2018 Uranium explorer NexGen Energy has started work on its winter 2018 drill programme at the fully owned Rook I property, in the Athabasca Basin of Saskatchewan. The winter 2018 programme will comprise about 25 000 m using eight drill rigs. 

Conroy to accelerate work at Irish project

By: Creamer Media Reporter      29th January 2018 Exploration company Conroy Gold and Natural Resources is putting in place a drilling programme to accelerate development on its Irish gold property, following a £1-million strategic investment in December. 

Cassinni secures option on early stage base metals project

By: Creamer Media Reporter      29th January 2018 Perth-based base and precious metals explorer Cassini Resources has entered into an option agreement to earn into the Yarawindah Brook project, located in agricultural land near New Norcia, Western Australia. The option agreement will see the company earn into the early stage nickel/copper/cobalt... 

OZ Minerals enters into Eastern Musgrave exploration JV

By: Creamer Media Reporter      29th January 2018 Copper/gold miner OZ Minerals has committed to an exploration joint venture (JV) in the Eastern Musgrave province of South Australia, targeting magmatic nickel and copper sulphide systems. The company announced on Monday that it had entered into an earn-in agreement with unlisted Australian... 

Stakeholders can look forward to reinforced offering

     26th January 2018 With countless networking opportunities vying for the attention of the numerous decision-makers flocking to Cape Town in February to attend the annual Investing in African Mining Indaba, the event’s organiser has reinforced its offering with the introduction of a Junior Mining Showcase as well as... 

Stakeholders can look forward  to reinforced offering
YOUNG PERSPECTIVE Reflecting the impact of the Fourth Industrial Revolution, the imperative remains to operate sustainably alongside young people’s expectation that mining delivers value for all stakeholders

SA mining will perform relatively well – DMR

By: Nadine James     26th January 2018 Improving commodity prices and upward trends in global demand, especially from major South African trading partners, are expected to reinvigorate the mining industry, enabling it to perform relatively well throughout 2018, the Department of Mineral Resources (DMR) states. The DMR notes that with... 

Battery metals demand will boost African exploration

By: Nadine James     26th January 2018 The exponential boost in demand for battery metals, in light of electric vehicle market growth, will drive exploration and investment in Africa, the 2018 Investing in African Mining Indaba panel on Energy Metals has determined. The discussion, live-streamed last month, was a preview of the panel... 

Battery metals demand will boost African exploration
Photo by Bloomberg
INDUSTRY CHARGING AHEAD As the electric vehicle industry has committed to the lithium-ion battery, cobalt and lithium demand is 'locked in' for the foreseeable future

Water lab services in demand

By: Nadine James     26th January 2018 Isando-based analytical laboratory Set Point Laboratories – a subsidiary of industrial group Torre Industries – has seen an increased number of enquiries and work for its water laboratory division over the past 12 months, says Set Point senior analyst Moses Lelaka. The increased demand for the... 

Water lab services in demand
MOSES LELAKA Set Point analysts test the water monthly at one of its Gauteng-based mining clients

Exhibitor cautiously optimistic about 2018

By: Nadine James     26th January 2018 Analytical services provider African Mineral Standards (AMIS) – a subsidiary of JSE-listed industrial group Torre Industries – is a producer of mineral certified reference materials (CRMs) and has a core focus on analytical services related to mining and exploration, which they will exhibit at... 

Exhibitor cautiously optimistic about 2018
SIGNED, SEALED, DELIVERED AMIS’ offering of certified reference materials can be used for analytical method validation, calibration of analytical equipment and in procedural quality control programs in assay laboratories

Exploration unit set to be launched at Indaba

By: Marleny Arnoldi     26th January 2018 Firm of consulting engineers and scientists SRK Consulting (South Africa) will launch its specialised unit, SRK Exploration Services, in Southern Africa at the Investing in African Mining Indaba, which will be held from February 5 to 8 at the Cape Town International Convention Centre.  

Exploration unit set to  be launched at Indaba
Photo by Duane Daws
MARCIN WERTZ Miners and explorers need to move decisively in terms of initiating new ventures and optimising current projects

Group aims to increase brand awareness at Mining Indaba

By: Nadine James     26th January 2018 South African industrial group Torre Industries is exhibiting at the 2018 Investing In African Mining Indaba with the aim of increasing the group’s brand awareness among local and international mining industry players. The JSE-listed group has nine business units across three segments: parts and... 

Group aims to increase brand awareness at  Mining Indaba
JON HILLARY There are numerous growth opportunities within the existing business units as well as in peripheral businesses around Torre’s current subsidiaries

Legal expertise advances local gas investment

By: Robyn Wilkinson     26th January 2018 Law firm Norton Rose Fulbright has helped Norwegian oil and gas company Statoil navigate South Africa’s myriad legislative requirements to acquire a participating interest in two gas exploration blocks offshore of South Africa’s east coast.  

Legal expertise advances local  gas investment
LIZEL OBERHOLZER Although an abundance of gas has been discovered in Mozambique and Tanzania, Africa has generally been slow to make the most of the potential of the trend towards gas

Major mining software previewed at Indaba

By: Nadine James     26th January 2018 Mining software company MICROMINE will provide previews of its major product releases – Geobank 2018 and Micromine 2018 – at the Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre from February 5 to 8. The company will showcase its entire... 

Major mining software previewed at Indaba
PITRAM SOFTWARE Micromine launched a new version of Pitram in October 2017

Mali’s Yanfolila mine pours first gold, ramping up to commercial production

By: Mia Breytenbach     26th January 2018 With West African gold producer Hummingbird Resources having started gold production at its Mali-based Yanfolila gold mine on time and within budget last month, the gold producer remains on track with its ramp-up to commercial production. Since acquiring the project from Gold Fields in 2014,... 

Mali’s Yanfolila mine pours first gold,  ramping up to commercial production
PROJECT MILESTONE Hummingbird Resources having started gold production at Yanfolila gold mine on time and within budget last month

West African gold explorer lists in Australia

By: Mia Breytenbach     26th January 2018 West African gold developer and explorer Tietto Minerals started trading on the Australian Stock Exchange earlier this month, following its successful initial public offer (IPO) that raised A$6-million from institutional and high net worth investors, including two global resources funds. The... 

West African gold explorer lists in Australia
Photo by Bloomberg
KEY FOCUS The Abujar project has a maiden Joint Ore Reserves Committee- compliant mineral resource estimate of 10.4-million tonnes at 2.1 g/t gold for 703 600 oz gold

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