Canadian junior delistings have been fewer than many predicted, Toronto’s mineLatinAmerica convention has been told. Read on page 23 of this edition of Mining Weekly of 1 500 mining companies remaining listed on the TSX and TSX-V, with some of the 100 that have left resettling to the NEX, a TSX board that provides a trading forum for companies below the TSX-V level. Others have reinvented themselves or been absorbed in mergers and acquisitions activity. With equity financing still tight, those securing alternative finance tended to be close to production or already producing. Financiers are reportedly also more inclined to seek project development in phases rather than agreeing to a complete funding package and seniors that may have been willing to provide project seed funding in previous cycles tended to be fixated on bolstering their own balance sheets. Private-equity funds taking advantage of the low valuations tend to avoid making public announcements on their transactions.
Three-dimensional (3D) seismic reflection interpretation technology, initially developed for the oil and gas industry, can improve the visualisa- tion of the subsurface of entire mining areas. Read on page 20 of this edition of Mining Weekly of traditional exploration drilling being found significantly wanting by comparison. Geophysics lectures at the University of the Witwatersrand are reportedly outlining new ways of processing and interpreting 3D seismic reflection information, which provides high-resolution imaging of orebodies and the structures that crosscut them. Reinterpretation of old data using the new technology is reportedly providing greater insight into underground faults and fractures. To watch a video on 3D seismic reflection interpretation, click here.
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