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Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter      Updated 2 hours 9 minutes ago A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

CRG inks second MoU for possible subsidiary sale

By: Natalie Greve     Updated 2 hours 32 minutes ago Just over a week after entering into a nonbinding memorandum of understanding (MoU) with the Hiria Group, local gold producer Central Rand Gold (CRG) said on Friday that it had inked a separate MoU with Phoenix Tree Investment Group subsidiary Beijing Ankong Investment. The Ankong MOU, which was... 

Sandfire to invest strongly in organic growth – chair

By: Esmarie Swanepoel Copper/gold miner Sandfire Resources was committed to spending cash to increase production, despite the depressed commodity market, nonexecutive chairperson Derek La Ferla has told shareholders. Speaking at the company’s annual general meeting, La Ferla this week said the company would deploy... 

Kingsrose downgrades production expectations

By: Esmarie Swanepoel Gold miner Kingsrose Mining has downgraded its production expectations at the Talang Santo mine, in Indonesia, as the company deferred the mining of high-grade tonnes. For the 2015 financial year, Kingsrose was expected to produce between 30 000 oz and 35 000 oz of gold, instead of the... 

Technology initially developed for oil and gas industry enables visualisation of subsurface of entire mining area

By: Chantelle Kotze Using only traditional exploration techniques, such as drilling boreholes, does not enable an accurate perspective of the structural complexity of the earth’s subsurface at depth. However, using new three-dimensional (3D) seismic reflection interpretation technology, initially developed for the... 

Technology initially developed for oil and gas industry  enables visualisation of subsurface of entire mining area
MUSA MANZI Manzi is researching new ways of interpreting 3D seismic reflective data – acquired by gold miners Gold Fields and AngloGold Ashanti – of the Witwatersrand basin

Wits lecturer aiming to establish seismic reflection laboratory

By: Chantelle Kotze The mining industry has taken heed of the need to develop and nurture a constant stream of quality graduates that can develop solutions in problem areas and has as a result contributed significantly to research at the University of the Witwatersrand’s (Wits’) School of Geosciences, says Wits... 

Treasury Metals restarts Goliath drilling programme

By: Leandi Kolver TSX-listed Treasury Metals on Thursday said drilling at its flagship Goliath gold project, in northwestern Ontario, had restarted. The company stated that the initial 5 000 m drilling programme would comprise definition drilling of the main resource area, exploration of the new shallow high-grade... 

Gold industry not indefinitely sustainable at current gold price, says Holland

By: Natalie Greve Dual-listed Gold Fields is bracing itself for another year of softened gold prices, but CEO Nick Holland believes the bullion producer is well-positioned – from a debt level and production cost perspective – to weather the anticipated pricing environment. This local gold industry was not,... 

Gold industry not indefinitely sustainable at current gold price, says Holland
Photo by Duane Daws
South Deep

Seabridge to release new Deep Kerr resource estimate during Q1 2015

By: Leandi Kolver British Columbia-focused project developer Seabridge Gold expected to release a new resource estimate for its Deep Kerr deposit, in Northwestern British Columbia, Canada, during the first quarter of next year. The company on Thursday noted it was confident that the results from the project’s 2014... 

Vanguard appoints new board member and CFO

By: Creamer Media Reporter Nevada-based Vanguard Mining has appointed Madhava Rao Mankal new member of the board of directors and CFO to replace Hai Le, who resigned from this position on November 5. Vanguard Mining president Jalani Haniffa said: "We are delighted to welcome Rao to our board of directors and management... 

Pretium awards Brucejack EPCM contract to AMEC

By: Creamer Media Reporter Pretium Resources has contracted AMEC Americas to provide the engineering, procurement and construction management (EPCM) services for its Brucejack high-grade gold project in northern British Columbia. Pretium noted on Thursday that AMEC had started detailed engineering and was advancing... 

Visible Gold Mines airborne survey for new James Bay project 50% complete

By: Creamer Media Reporter Prospectair Geosurveys of Gatineau, Québec, has completed about 1 977 linear kilometres, representing 50%, of a detailed helicopter-borne magnetic (MAG) and time-domain electromagnetic (TDEM) survey of TSX -V-listed Visible Gold Mines’ 100% owned 167 EXTENSION project in the region of the Plan... 

SCDHEC requested to review Haile operating permit

By: Leandi Kolver TSX-listed Romarco Minerals on Wednesday advised that the South Carolina Department of Health and Environmental Control (SCDHEC) had received a request to review the mine operating permit issued for the company’s Haile gold mine, in Lancaster County. The SCDHEC had issued Romarco with the permit... 

Batangas keeps delivering for Red Mountain

By: Esmarie Swanepoel Gold developer Red Mountain Mining on Thursday revealed that its Batangas project, in Manila, could deliver some A$52-million in operating cash flow during the first 5.2 years of operation. Red Mountain was in the midst of compiling a definitive feasibility study (DFS), which in September... 

Lake Shore aiming to produce $15m to fund exploration

By: Creamer Media Reporter Canada-based gold producer Lake Shore Gold on Wednesday announced that it expected to generate gross proceeds of about $15-million through a brokered private placement of 12.9-million flow-through common shares to be offered on a bought deal basis at $1.17 apiece. The funds raised from the... 

Paramount further expands San Francisco bulk tonnage potential at San Miguel

By: Creamer Media Reporter New core drilling at TSX- and NYSE-listed Paramount Gold & Silver’s 100%-owned San Miguel project in northern Mexico continues to expand the potential size of the bulk minable San Francisco deposit. The US-based exploration and development company reported on Wednesday that three new holes... 

Carbine scoping delivers results at Mount Morgan

By: Esmarie Swanepoel A scoping study by ASX-listed Carbine Resources into its Mount Morgan copper/gold project, in Queensland, has proven that the project was economically viable. Based on a one-million-tonne-a-year operation, with a mine life of about eight years, the Mount Morgan project was expected to deliver... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Barrick names new CFO in latest shake-up at gold miner

By: Reuters Barrick Gold Corp named mining industry veteran Shaun Usmar as its CFO designate on Tuesday, marking the latest shake-up at the world's biggest gold miner. Usmar, the former finance head of Xstrata Nickel, is set to replace Ammar Al-Joundi, who will be leaving Barrick after the company's year-end... 

Metals Creek to partner with Benton on Staghorn project

By: Leandi Kolver Junior exploration company Metals Creek Resources has entered into an option and/or joint venture (JV) agreement with TSX-V-listed Benton Resources through which Benton could acquire up to a 70% interest in Metals Creek's Staghorn gold property, in Newfoundland, Canada. In terms of the agreement,... 

Geological tests at Guadalupe de los Reyes indicate high-grade mineralisation

By: Leandi Kolver Geological mapping and rock sampling along several structures at junior mineral exploration and development company Cangold’s 6 302 ha Guadalupe de los Reyes (GDLR) gold/silver project, in Mexico, has again returned high-grade gold and silver assays, the company announced on Tuesday. During these... 

Atlanta sells Abitibi gold property to focus on Atlanta, Neal properties

By: Leandi Kolver Mine developer Atlanta Gold has sold its Abitibi gold property, in western Quebec, to Canadian junior miner Vantex Resources. Atlanta president and CEO Ernest Simmons said on Tuesday that the sale of lower exploration properties allowed the company to focus on developing its Atlanta project and... 

Gold miners form working group to seek solution to occupational lung disease

By: Leandi Kolver Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold on Tuesday announced that they had formed an industry working group to tackle issues relating to compensation and medical care for occupational lung disease in the South African gold mining... 

Caledonia appoints new CEO

By: Creamer Media Reporter Dual-listed Caledonia Mining, which operates the Blanket gold mine in Zimbabwe, has promoted its CFO Steve Curtis to CEO. He succeeded Stefan Hayden, who stepped down as CEO. 

India to take imminent steps to curb surging gold imports - source

By: Reuters India is likely to announce measures to curb gold imports as early as Tuesday, a senior finance ministry source said, as a surge in inbound shipments threatens to worsen the country's trade deficit. "We are working on it. The measures to slow gold imports are almost ready and may be announced... 

Continental Gold announces positive PEA for Buriticá project

By: Creamer Media Reporter JOHANNESBURG (miningweekly.com) – The results of the independent preliminary economic assessment (PEA) at TSX-listed Colombia-focused Continental Gold’s 100%-owned Buriticá project, in Antioquia, Colombia, outlined a future mine that will employ more than 500 people, with the size, cost... 

Newmont welcomes Suriname’s decision to participate in the Merian gold project

By: Creamer Media Reporter NYSE-listed Newmont Mining has welcomed the government of Suriname’s decision to exercise its option to participate in a fully-funded, 25% equity ownership stake in the Merian gold project, which is currently under construction. “We look forward to partnering with the government and people of... 

Alecto buys Burkina Faso gold operation

By: Natasha Odendaal Aim-quoted Alecto Minerals on Monday announced plans to buy 100% of Gazelle Resources, which owned the Burkina Faso-based Kerboulé gold project, from Kaizen Discovery. Alecto agreed to pay Kaizen an initial £350 000 through the issue of 54.99-million new ordinary Alecto shares. 

King succeeds Cockerill as Hummingbird chairperson

By: Natalie Greve Multiproject gold company Hummingbird Resources has appointed Russell King as nonexecutive chairperson with immediate effect, replacing retired Ian Cockerill. Cockerill would remain an adviser to Hummingbird and, in this capacity, had been appointed to the company's Technical Advisory Committee,... 

Osisko, Virginia to create intermediate gold royalty company

By: Creamer Media Reporter TSX-listed Osisko Gold Royalties and TSX-listed mining exploration company Virginia Mines have entered into a definitive agreement to acquire Virginia for C$479-million, reports Reuters, to create a new intermediate royalty company with two “world-class” gold royalty assets in Quebec, Canada. The... 

Karma gold mine construction on time, within budget

By: Creamer Media Reporter TSX-V-listed True Gold Mining has, to date, spent, as well as committed, about $51.5-million, or more than 39% of its $131.5-million initial capital expenditure (capex), on the company’s Karma gold project, in Burkina Faso. Prestripping of the Rambo deposit, Karma's highest-grade deposit and the... 

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