http://www.miningweekly.com
R/€ = 15.09 Change: -0.01
R/$ = 12.34 Change: -0.01
Au 1330.74 $/oz Change: 4.99
Pt 931.00 $/oz Change: 12.16
 

Exploration News

Exploration activity boosted, focus remains on Ity project

By: Nadine James     26th January 2018 Gold miner Endeavour Mining is focused on developing projects in the underexplored Birimian belt in West Africa through an aggressive exploration strategy to find between ten-million and 15-million ounces over the next five years. “This would involve our finding twice as many gold ounces than we... 

Mining Indaba to provide ‘first-hand experience’ of return of investor appetite

By: Nadine James     26th January 2018 With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first hand, says Mining Indaba MD Alex Grose.  This renewed investor interest... 

Mining Indaba to provide ‘first-hand experience’ of return of investor appetite

Plymouth to become Infinity Lithium, puts Gabon potash assets on the block

By: Mariaan Webb     25th January 2018 ASX-listed Plymouth Minerals, which is earning in to the San Jose lithium/tin project in Spain, has announced that it will sell its potash assets and change its name to reflect its sole focus. In an emailed newsletter, CEO and MD Adrian Byass said on Thursday that the name change to Infinity... 

Botswana Diamonds to undertake further geological work at Limpopo project

By: Simone Liedtke     25th January 2018 Further geological work will be conducted at diamond exploration and project development company Botswana Diamonds’ Thorny River project, in Limpopo, to further refine grade and revenue estimates and extend volume estimates.  

Britain funds satellite hunt for new minerals

By: Reuters     25th January 2018 The British government has handed out £850 000 for research that uses satellites to identify deposits of minerals, including battery metal lithium, as part of efforts to bolster the economy after the exit from the European Union. The project named the Satellite Applications Catapult is seeking... 

Ford complains rising metals costs hurt profits, rivals unphased

By: Reuters     24th January 2018 When Ford Motor reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminium prices have risen 20% in the last year and nearly 11% since December 11. Steel prices... 

Brio jumps 50% on friendly $264m Leagold takeover bid

By: Henry Lazenby     24th January 2018 The TSX-listed equity of Brio Gold jumped 50% on Tuesday following rising precious metals producer Leagold Mining's announcement of its intention to make a friendly $264-million all-scrip offer for the company by February 28. Leagold is making good on its promise to use the April 2017 acquisition... 

Brio jumps 50% on friendly $264m Leagold takeover bid
Photo by Brio Gold
Brio Gold's Riacho dos Machados mine, Brazil

Revamped Barrick harkens back to founding principles as 'new generation' of discovery, partnerships beckon

By: Henry Lazenby     23rd January 2018 The world's largest gold producer by output Barrick Gold is looking towards a more sustainable future based on a leaner, more tightly owned portfolio, with future growth increasingly hinging on forming synergistic partnerships with former mining rivals. With the gold price off to a strong start... 

Revamped Barrick harkens back to founding principles as 'new generation' of discovery, partnerships beckon
Photo by Reuters
Barrick president Kelvin Dushnisky

2018 minerals-focused financings off to slow start

By: Henry Lazenby     22nd January 2018 In the wake of a slow start to mineral-focused financing activity, analysts are predicting more of the same for at least the first four months of 2018. This year is also not expected to surpass 2017 in the number and value of mineral-focused financings undertaken at the market, data company... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives

By: Henry Lazenby     22nd January 2018 Government policy advocacy and fostering genuine fact-based conversations among all stakeholders in the minerals exploration and mining industries are main priorities for the Association for Mineral Exploration British Columbia (AME BC) this year. "Government is increasingly getting more... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives
Photo by AME BC
AME BC President & CEO Edie Thome

Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

By: Henry Lazenby     20th January 2018 Base metals producer Nevsun Resources announced this week that it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at... 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 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 the new name started on... 

Confidence returning to Western Australia’s exploration industry

By: Megan van Wyngaardt     19th January 2018 The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) reports that the number of Programme of Works (PoW) received in 2017 has increased by 40% from 2016. This totaled 2 575 PoW applications compared with 1 799 the previous year.  During the year, the department... 

Confidence returning to Western Australia’s exploration industry

Mincor raises A$10m in two raisings to fund nickel exploration

By: Natasha Odendaal     19th January 2018 An oversubscribed A$3-million share purchase plan (SPP) has brought the total amount raised by ASX-listed Mincor Resources to A$10-million since December. The company on Friday announced that, of the A$12.8-million in applications received from shareholders, Mincor would accept A$1-million in... 

BCI reports positive progress on Mardie salt PFS

By: Natasha Odendaal     19th January 2018 ASX-listed BCI Minerals’ significantly progressed prefeasibility study (PFS) has provided further validation on the viability of its Mardie salt project, in the Pilbara region, Western Australia. Over the past six months, BCI has completed material environmental, heritage and geotechnical... 

TMAC achieves permitting milestones in Yukon project developments

By: Henry Lazenby     19th January 2018 Gold producer TMAC Resources has achieved a significant permitting milestone for its Madrid and Boston gold deposits, after the Nunavut Impact Review Board and the Nunavut Water Board accepted the final environmental-impact statement and water licence applications and started a coordinated review... 

Australian junior to acquire Namibia zinc project

By: Mia Breytenbach     19th January 2018 ASX-listed Tanga Resources will acquire the high-grade Joumbira zinc project, in Namibia, and raise A$1.16-million to fund the transaction and start planned work programmes. The company entered into a binding option agreement to acquire 100% of the issued shares of Namibia-registered Coldstone... 

Australian junior to acquire Namibia zinc project
Photo by Bloomberg
GOOD TIMING Tanga Resources believes that Joumbira is a highly prospective, advanced project, in a world-class mining jurisdiction, with good timing for shareholder exposure to zinc

Regulatory uncertainty casting shadow over SA amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

Regulatory uncertainty casting shadow over SA amid forecast for further minerals market uptick

Ethical leadership, good governance and favourable policies will see mining investors flocking to SA – chamber

By: Dylan Slater     19th January 2018 The findings of a December-2017 released survey conducted by the Chamber of Mines (CoM) indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of... 

Up to ten midtier mineral deposits can still be discovered in South Africa – resources consultant

By: Mia Breytenbach     19th January 2018 There is no reason why South Africa cannot build an exploration and junior mining sector, says resources consultant Dr John Bristow, who notes that while the country has vestiges of this sector, it is hampered by regulatory policy, and a preoccupation with a “Sunset” mining industry. Speaking at... 

Up to ten midtier mineral deposits can still be discovered  in South Africa – resources consultant
Photo by Duane Daws
DR JOHN BRISTOW South Africa’s geological and minerals jewel box remains underexplored

Tyranna to start surface drilling at Eureka gold mine

By: Mia Breytenbach     18th January 2018 ASX-listed Tyranna Resources will next week start surface drilling at its Eureka gold mine, north of Kalgoorlie, Western Australia, to follow up a compelling surface lateritic gold target discovered during a recent field mapping exercise. The mine, which Tyranna is acquiring from Canada-listed... 

West African gold explorer lists in Australia

By: Mia Breytenbach     18th January 2018 West African gold developer and explorer Tietto Minerals started trading on the ASX on Thursday, 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 company issued 30-million shares... 

Middle Island plans follow-up drilling to enhance Wirraminna deposit

By: Dylan Slater     18th January 2018 Gold exploration and development company Middle Island on Thursday reported the outcomes of a pit optimisation study for the Wirraminna deposit, in Western Australia.  

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

Centerra to earn into Erris Resources’ Sweden project

By: Mariaan Webb     17th January 2018 Canadian mid-tier mining company Centerra Gold has elected to earn into zinc and gold junior Erris Resources’ Brännberg gold project, in northern Sweden, with a $1-million investment. Erris, which was admitted to trading on the Aim at the end of last year, said on Wednesday that Centerra would... 

Centerra to earn into Erris Resources’ Sweden project

BMG secures option over four Bulgarian exploration projects

By: Natasha Odendaal     17th January 2018 ASX-listed BMG Resources has secured the rights to acquire call options for 100% of four Bulgarian gold and polymetallic minerals development and exploration projects. These project include the Trun, Babyak, Srebren and Zidarova/Varshilo projects – a mix of advanced and prospective exploration... 

NextSource soars on Japanese approval of registered SuperFlake product trademark

By: Henry Lazenby     17th January 2018 The TSX-listed equity of one of the graphite industry’s best kept secrets, NextSource Materials, has recorded significant gains on Tuesday following a company announcement that Japan has approved the company’s registration of ‘SuperFlake’ graphite as a trademark in the country. The registration... 

NextSource soars on Japanese approval of registered SuperFlake product trademark
Photo by NextSource Materials
A representation of how NextSource Materials' Madagascar-based Molo modular plant will look like

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

RNC in talks with financiers, market participants for Dumont construction decision by 2019

By: Henry Lazenby     15th January 2018 Diversified Canadian miner RNC Minerals is engaging a number of potential strategic investors, offtake partners and financiers who could provide the $1.3-billion capital financing required to start construction of the shovel-ready Dumont nickel/cobalt project, in the Abitibi region of Quebec. The... 

RNC in talks with financiers, market participants for Dumont construction decision by 2019
Photo by RNC Minerals
Dumont nickel buttons

Condor assumes trading on TSX main board

By: Henry Lazenby     15th January 2018 Nicaragua-focused project developer Condor Gold has taken up a dual listing on the TSX starting on Monday morning, signifying a significant milestone for the company to provide a local trading platform for the company’s Canadian investors. Dovetailing with Condor’s existing LSE Aim and OTCQX... 

India’s draft national mineral policy proposes exploration incentives

By: Ajoy K Das     15th January 2018 India’s Mines Ministry has unveiled the draft National Mineral Policy (NMP) 2018, which proposes to offer mineral exploration companies the right of first refusal at the auction of any area explored by them. The draft NMP, which is now open for feedback from industry and stakeholders, maintains... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

Search for space water heats up with Planetary’s Arkyd-6 satellite launch

By: Henry Lazenby     12th January 2018 Space mining hopeful Planetary Resources has successfully launched its latest satellite, the Arkyd-6 – a 6U CubeSat – containing a demonstration of technology designed to detect water resources in space. Planetary reported that the team has already started receiving telemetry from the spacecraft,... 

Ortac is renamed Arc Minerals

By: Creamer Media Reporter      12th January 2018 In a new chapter for Aim-listed Ortac Minerals, the company is changing its name to Arc Minerals and will start trading under the new name on January 22. The renaming follows a number of material changes that have been implemented, including executing a strategy to focus on its African... 

Drilling at Connemara’s Mine River project returns strong results

By: Creamer Media Reporter      11th January 2018 Exploration firm Connemara Mining on Thursday reported on the results of recently drilled holes at its Mine River gold project, in Wicklow and Wexford in Ireland. The John Teeling-led company said three holes were drilled in December – one at the Tombreen target and two at Gibbet Hill. 

eCobalt ships 3 t sample for pilot-scale testing

By: Henry Lazenby     10th January 2018 Project developer eCobalt Solutions has shipped a 3 t mineralised sample from its Idaho cobalt project (ICP) for pilot-level testing at Dundee Sustainable Technologies’ (DST’) facilities, in Quebec. The TSX-listed cobalt junior said on Wednesday that the testing will be done to further confirm... 

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact

By: Henry Lazenby     10th January 2018 Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects. Premier announced on Wednesday that, under the terms of the agreement,... 

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close