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Canadian firm eyeing 112 000 oz Tanzania gold project

By: Ilan Solomons     Updated 31 minutes ago Canadian gold producer and investments company AfroCan Resources Gold aims to acquire a Tanzanian property with a 112 000 oz inferred resource. AfroCan CEO Brian Barrett tells Mining Weekly that the company is evaluating exploration company Tanzania Royalty Exploration Corporation’s (TREC’s)... 

Gold mineralisation discovered in Brazil

     Updated 31 minutes ago Australian-managed and ASX-listed minerals company Cleveland Mining Company announced, in March, the discovery of an extensive zone of primary gold mineralisation, less than 1.5 km south of its operational Premier Joint Venture gold mine, in central Brazil. 

Rejected mine water plan deprived 7 000 of jobs – Robinson

By: Martin Creamer The rejection of a still-workable mine water and slimes dam plan at the stricken Grootvlei gold mine on Gauteng’s East Rand deprived 7 000 squatter camp dwellers of employment and set the mine on its downward trajectory, which has arguably ended up as the harshest aspect of the Aurora liquidation... 

Rejected mine water plan deprived 7 000 of jobs – Robinson
Photo by Daune Daws
Dr RE (Robbie) Robinson (right) and Martin Creamer

Zim gold mine on track for Aug production start

By: Megan van Wyngaardt Aim-listed gold miner Vast Resources’ Pickstone-Peerless gold mine, in Zimbabwe, has moved into the commissioning phase. The company on Thursday said production at the mine would start in August, with estimated output of 10 000 oz/y of gold from the targeted initial mining rate of 10 000 t/m of... 

Medgold, Centerra sign earn-in deal for Lagares

By: Megan van Wyngaardt TSX-V-listed Medgold Resources has granted Toronto, Ontario-based, Centerra Gold the option to earn a 51% interest in its Lagares gold project, in northern Portugal, by spending $3-million over three years. Medgold explained in a statement that Centerra could earn an additional 19% by spending a... 

Pershing lists on Nasdaq, to trade from July 6

By: Megan van Wyngaardt Nevada-based gold producer Pershing Gold has been approved to list its common stock on the Nasdaq global market. It would formally start trading on July 6. 

Beadell adjusts sales expectations

By: Esmarie Swanepoel Gold miner Beadell Resources has again revised its gold sales expectations for the quarter ended June. Gold sales for the quarter were now expected to reach some 21 000 oz, down from the 25 000 oz to 28 000 oz previously predicted for the quarter, with gold production expected to reach between... 

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

HDS plant upgrades to be completed this year – CRG

By: Megan van Wyngaardt A final upgrade to the high-density sludge (HDS) water treatment plant at Central Rand Gold’s (CRG’s) operations would be completed this year. In a statement outlining its results for the year ended December 2014, the company noted that, although the HDS plant, which started operating in May... 

HDS plant upgrades to be completed this year – CRG

Gold wage talks to resume on July 6

By: Creamer Media Reporter The second three-day session of wage negotiations between gold companies AngloGold Ashanti, Evander Gold Mines, Harmony Gold, Sibanye Gold and Village Main Reef and unions, the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA... 

Pershing Resources starts pilot mill testing, expects modest cash flow 

By: Tracy Hancock Reno, Nevada-based Pershing Resources had started testing its pilot mill at a facility near Kingman, Arizona, in the US, marking the achievement of a major goal for the company and shareholders, Pershing Resources CEO Steve Plumb said on Tuesday. "We have developed the beginnings of a production... 

Evolving Gold to sell Rattlesnake Hills to GFG for $1.6bn

By: Tracy Hancock Vancouver-based gold exploration company Evolving Gold has entered into a binding letter of intent (LOI) to sell its Rattlesnake Hills project, in Natrona county, Wyoming, in the US, to GFG Resources. Evolving Gold advised on Tuesday that under the LOI, the acquisition of Rattlesnake Hills, which... 

Bibiani FS to be completed in mid-2016

By: Creamer Media Reporter ASX-listed Resolute Mining plans to complete a feasibility study (FS) on its Bibiani gold project, in Ghana, in mid-2016, after an underground scoping study delivered positive results. The scoping study, undertaken by Snowden Mining Industry Consultants, revealed an underground mining inventory... 

GBM Resources partners with Chinese group

By: Creamer Media Reporter Australian resources company GBM Resources has formalised an agreement with China’s Jiangxi Centre Mining (JCM), which will provide the ASX-listed company with a funding strategy to explore and develop its projects. GBM, which is building a gold portfolio in Malaysia and the east coast of... 

China targets counterweight in gold trade with yuan fix

By: Reuters A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer. While no immediate threat to the gold pricing dominance of... 

China targets counterweight in gold trade with yuan fix

Indophil expects mid-July deal with Glencore on $5.9bn Philippine mine

By: Reuters Indophil Resources said a final agreement may be signed in the middle of July allowing it to take control of the long-delayed $5.9-billion Tampakan copper/gold project in the Philippines from Glencore. Indophil, previously listed in Australia until its takeover this year by the Philippines'... 

Mine mechanisation linked to local equipment retains jobs – Jourdan 

By: Martin Creamer Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and... 

Mine mechanisation linked to local equipment retains jobs – Jourdan
Photo by Creamer Media
Paul Jourdan

AngloGold employee killed in fall-of-ground incident 

By: Creamer Media Reporter A rock-drill operator was killed in a fall-of-ground incident at AngloGold Ashanti’s Kopanang mine, near Orkney, in the Free State, on Tuesday. The Department of Mineral Resources had been notified and an in loco inspection would be conducted. 

Hummingbird to sell Ghana asset

By: Megan van Wyngaardt Aim-listed Hummingbird Resources has agreed to sell its Ensign Resources subsidiary, which owns the Asheba licence, in Ghana, to private West African exploration business Taoudeni Resources. The disposal would allow Hummingbird to focus on developing its six-million-ounce gold inventory at its... 

Eldorado Gold says no impact on Greek operations from bank shutdown

By: Reuters Mid-sized Canadian miner Eldorado Gold Corp said it was business as usual for its operations in Greece on Monday despite the shutdown of banks in the country after a collapse in bailout talks. "The financial controls in Greece have not impacted us - we are still paying out suppliers, employees... 

Auroch sells Moz gold project to Xtract for $12.5m

By: Creamer Media Reporter ASX-listed Auroch Minerals will sell its Manica mining concession, in Mozambique, to Aim-listed gold and copper exploration company Xtract Resources for $12.5-million. The purchase price included $6.5-million in Xtract shares and $4.5-million in cash. Xtract would also provide funding to settle... 

WA govt, gold miners put A$1.7m into research project

By: Creamer Media Reporter The Western Australia government has joined forces with key gold industry players and the Commonwealth Scientific and Industrial Research Organisation (Csiro) in a A$1.67-million quest to extend the life of major mines and reveal sites for new operations. Mines and Petroleum Minister Bill... 

Kidman eyes September quarter start at new WA gold mine

By: Creamer Media Reporter ASX-listed Kidman Resources remained “firmly on track” to achieve its objective of starting gold production at the recently acquired Burbanks mine, in Western Australia, in the September quarter, the company reported on Tuesday. The Burbanks mining centre has historical production of 366 340 oz... 

Newcrest starts Chillagoe exploration programme

By: Creamer Media Reporter Gold major Newcrest Mining has started exploration work at junior Mungana’s Chillagoe project, in Queensland, as part of an agreement to search for large gold/copper porphyry deposits. Under the agreement, which was announced in May, Newcrest will spend up to A$20-million on exploration over an... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Gold miners bring new offer to the table

By: Natasha Odendaal South Africa’s gold mining companies on Monday tabled a five-year offer that would see their employees benefit from an upside in the industry, with some fringe benefits to alleviate employee indebtedness and improve housing. Gold companies AngloGold Ashanti, Evander Gold Mines, Harmony Gold,... 

Luna bids farewell to Lo, Blacketor to take over as CFO

By: Tracy Hancock TSX-listed Luna Gold on Monday reported the departure of its executive VP and CFO Duane Lo, effective June 30. Luna president and CEO Marc Leduc noted that Lo had made significant contributions to the company over the past six years. “He has been an important leader and integral part of... 

Pacific Niugini provides Nicolsons project progress update

By: Ilan Solomons The construction of ASX-listed Pacific Niugini’s Nicolsons gold mine near Halls Creek, in Western Australia, was progressing well, with the majority of the required infrastructure completed, the junior gold developer reported on Monday. Pacific Niugini is developing the project through its wholly... 

Pacific Niugini provides Nicolsons project progress update
HALLS CREEK MINE

Gold climbs as fears over Greece knock stocks, euro

By: Reuters Gold rose on Monday as growing fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains as investors remained wary of its longer-term outlook. European shares tumbled more than 2% and the single currency slid as... 

Savannah raises £550 000 to advance Moz JV

By: Natalie Greve Aim-listed Savannah Resources has raised £550 000 through the placing of 21.9-million new ordinary shares at a placing price of 2.5p apiece with both new and existing investors, it said on Monday. CEO David Archer said in a statement that the funding would be directed towards progressing the... 

Chesapeake to use desalination plant for Mexico project

By: Megan van Wyngaardt Chesapeake Gold plans to use desalinated seawater from the Pacific coast to supply water for its 100%-owned Metates project, in Durango state, Mexico. “Besides the economic benefits, desalination decouples the water supply and demand for Metates. In the event of a possible drought, desalination... 

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