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Acacia’s Q4 gold production slumps on export ban

By: Mia Breytenbach     15th January 2018 While LSE-listed Acacia Mining’s gold production for the fourth quarter in 2017 was slightly ahead of expectations at 148 477 oz, it was 30% lower quarter-on-quarter as a result of its flagship Bulyanhulu gold mine in Tanzania having downscaled operations. The miner’s decision to reduce... 

Bernard Olivier appointed as Mustang MD

By: Megan van Wyngaardt     15th January 2018 ASX-listed Mustang Resources has appointed' Dr Bernard Olivier to its board as MD, and has created a new position of COO, which is filled by Cobus van Wyk. Olivier has stepped into the position that Christiaan Jordaan vacated in November. 

Armadale to sell noncore Mpokoto project

By: Anine Kilian     12th January 2018 Aim-listed Armadale Capital has entered into a heads of agreement (HoA) with Weghsteen Capital Advice (WCA) for the sale of Armadale’s interest in the Mpokoto gold project, in the Democratic Republic of Congo, to Radismore, for $562 500 and a 1.5% royalty on gold produced.  WCA is acting on... 

Lithium at depth in Namibia – Montero 

By: Martin Creamer     10th January 2018 Significant concentrations of lithium mineralisation have been established in Namibia, where Montero Mining and Exploration has completed assaying historical drilling results.  The Toronto Venture Exchange-listed company announced on Wednesday that lithium-bearing mineralisation, found to be... 

Ortac analyses gold potential at Akyanga

By: Anine Kilian     9th January 2018 Aim-listed gold explorer and developer Ortac Resources has reported positive gold assay results from the Democratic Republic of Congo- (DRC-) based Akyanga licence area, following the company’s acquisition of Casa Mining. To date, Ortac owns 87.4% of Casa and expects to complete the acquisition... 

Volt raises $4.7m to develop Tanzania graphite project

By: Natasha Odendaal     9th January 2018 ASX-listed Volt Resources has raised $4.7-million to support the fast-tracking of the stage 1 development of flagship Bunyu graphite project, in Tanzania. The Tanzania-focused flake graphite development company exercised 235.6-million listed options at $0.02, with the shortfall of 24-million... 

Edenville sees increase in coal demand from East African customers

By: Anine Kilian     8th January 2018 Aim-listed Edenville Energy has seen an increase in requests to provide coal to clients in East Africa, which could boost its monthly revenue. The company, which recently commissioned the Rukwa coal project, in Tanzania, supplies the bulk of its coal to clients in the East Africa region.... 

Kibaran, ProGraphite sign knowledge-sharing agreement

By: Megan van Wyngaardt     20th December 2017 ASX-listed Kibaran Resources has signed a binding agreement with German-based ProGraphite under which it would grant Kibaran full access to its extensive technical and commercial knowledge relating to the processing of graphite for use in battery product applications. Noting that this was an... 

Acacia to sell Burkina Faso asset for $45m to Canada's Sandstorm Gold

By: Reuters     19th December 2017 Acacia Mining said on Tuesday it would sell its 2% royalty over the Houndé mine in Burkina Faso for $45-million to Sandstorm Gold. The deal is expected to close early in the first quarter of 2018. 

Kibo Mining expects imminent signing of PPA

By: Megan van Wyngaardt     18th December 2017 Dual-listed coal-to-power project developer Kibo Mining on Monday said it expected to sign a final power purchase agreement (PPA) with the newly formed Tanzania Ministry for Energy for the Mbeya project in the first quarter of 2018. The company said this followed a “positive” briefing between... 

Kibaran mulling battery-grade graphite pilot in Germany

By: Mia Breytenbach     15th December 2017 Following the successful completion of a feasibility study on downstream processing of graphite from its Epanko graphite project in Tanzania, exploration company Kibaran Resources will establish a pilot plant in Germany that will be expanded to commercial scale for the supply of premium battery... 

Volt proceeds with $40m Tanzania bond issue

By: Mariaan Webb     14th December 2017 Tanzania-focused flake graphite development company Volt Resources said on Thursday that it would proceed with the issue of $40-million structured debt funding to complete the Stage 1 development of its Bunyu graphite project. The company has engaged Exotix Capital to undertake a Tanzania bond... 

Engineering contractor appointed for Mahenge graphite DFS

By: Mariaan Webb     14th December 2017 Midtier Perth-based engineering company CPC Project Design has been selected as the engineering contractor to deliver a definitive feasibility study (DFS) for the Mahenge graphite project in Tanzania, project owner Black Rock Mining announced on Thursday. CPC was selected in a tender process,... 

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Kibaran to build battery-grade graphite producing pilot plant

By: Mia Breytenbach     5th December 2017 Following the successful completion of a feasibility study on downstream processing of graphite from its Epanko graphite project in Tanzania, ASX-listed Kibaran Resources will establish a pilot plant in Germany that will be expanded to commercial scale for the supply of  premium battery graphite... 

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

Magnis signs 25 000 t/y graphite sales deal with World Group

By: Natasha Odendaal     1st December 2017 ASX-listed Magnis Resources has entered into a three-year flake graphite sales agreement with major European group World Plastik ve Petrokimya Sanayi ve Ticaret. Magnis will supply the World Group subsidiary with 15 000 t/y of super jumbo flake graphite and 10 000 t/y of jumbo flake graphite from... 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

Kibo advances strategy with Botswana IPP project stake acquisition

By: Anine Kilian     30th November 2017 In line with its strategy of building a diversified portfolio of energy production assets, Aim-listed Kibo Mining will acquire an 85% stake in a company that will hold the Mabesekwa coal independent power producer (MCIPP) project for about £9-million in shares. Kibo has entered into an agreement... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

Magnis receives strong interest from flake graphite buyers

By: Samantha Herbst     28th November 2017 Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and seller Magnis Resources has received strong interest from a number of parties looking to source... 

Myopic gold CEOs get a tongue-lashing from Randgold's Bristow

By: Bloomberg     26th November 2017 A gold industry obsessed with containing costs and minimizing risks will find itself at the edge of a cliff by 2020 as supply tightens, according to one of the most profitable producers. Despite prices recovering from 2015 lows, the industry has been slow to reinvest in exploration or sustaining... 

Katoro adds Lidar survey to Imweru PFS

By: Natasha Odendaal     24th November 2017 Aim-listed Katoro Gold has expanded the prefeasibility study (PFS) of its Imweru gold project, in Tanzania, to include a light detection and ranging (Lidar) survey. The Lidar survey, which has been commissioned without compromising the timeline or budget, will use pulsed laser light to create a... 

Edenville eyes efficiency rally at Rukwa on rising demand

By: Natasha Odendaal     23rd November 2017 Aim-listed Edenville Energy is reviewing options to further optimise the efficiency and throughput of its wash plant at the recently commissioned Rukwa coal project, in Tanzania, on expectations of greater demand beyond its planned output of 10 000 t/m. The company started producing washed coal... 

Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Walkabout granted lithium licence in Namibia

By: Mariaan Webb     21st November 2017 Australian junior Walkabout Resources, which is developing the Lindi Jumbo graphite project in Tanzania, is to explore for lithium in southern Namibia. Walkabout was granted a second exclusive prospecting licence (EPL 6308), giving the company a footprint of more than 1 500 km2 in the Orange... 

Shanta reaches cost-reduction goal

By: Anine Kilian     20th November 2017 In keeping with its previously announced strategy of optimising the financial performance of its operations, Aim-listed Shanta Gold has reduced annualised costs by $5.1-million, the company said in a statement on Monday. The company noted that the full benefit of this reduction would be achieved... 

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Kibo upgrades MCPP MoU

By: Anine Kilian     16th November 2017 Aim-listed minerals and exploration development company Kibo Energy has upgraded its existing Memorandum of Understanding (MoU) with the Tanzania Ministry of Energy and the Tanzania Electric Supply Company (Tanesco), regarding a power purchase agreement (PPA) for the development and... 

Walkabout buys Lonmin’s Northern Ireland exploration portfolio

By: Esmarie Swanepoel     15th November 2017 Graphite developer Walkabout Resources on Tuesday announced its plans to diversify its exploration portfolio, with the acquisition of platinum miner Lonmin’s Northern Ireland exploration portfolio. Under the terms of the transaction, Walkabout acquired Lonmin’s Northern Ireland exploration... 

Africa’s first coltan smelter established in Tanzania

By: Robyn Wilkinson     10th November 2017 Mining and metals company AB Minerals is partnering with the African Minerals and Geoscience Centre (AMGC) in Dar es Salaam, Tanzania, to establish the first columbite-tantalite (coltan) smelter in Africa. 

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Opportunities persist in sub-Saharan Africa, despite unfavourable mining sector

     10th November 2017 Opportunities remain in sub-Saharan Africa (SSA), despite a spate of regulatory changes and policy uncertainty across major mining countries in the region eroding investor sentiment, highlighting the region’s mining sector as the riskiest in the world, according to Fitch-affiliated BMI. The... 

EY's Canadian Mining Eye Index trends positively in Q3

By: Creamer Media Reporter      9th November 2017 The EY Canadian Mining Eye index gained 2% during the third quarter, following a 7% decline in the prior period. The gain was driven by increases across the board in precious and base metals. "As commodity prices continue to increase, appetite for investment in existing projects is expected to... 

Shanta receives $3.4m VAT refund from Tanzania government

By: Creamer Media Reporter      8th November 2017 Aim-listed Shanta Gold has received a $3.4-million value-added tax (VAT) refund from the government of Tanzania. The refund is made up of a $1.9-million offset against corporate taxes payable in 2016 and 2017 and a cash payment of $1.5-million. 

Armadale graphite project yields positive drilling results

By: Anine Kilian     7th November 2017 Aim-listed Armadale has received the results of its 1 500 m, 28-hole reverse circulation drill programme, recently completed at the Mahenge Liandu graphite project, in Tanzania.   Wide high-grade mineralisation was consistently intersected at shallow, near-surface depths, with thick graphite... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

Kibaran trebles planned output of Tanzania graphite project

By: Esmarie Swanepoel     6th November 2017 Optimisation testwork at graphite developer Kibaran Resources’ Epanko project, in Tanzania, has flagged the potential trebling of planned battery-grade graphite production. MD Andrew Spinks told shareholders on Monday that the optimisation testwork had confirmed the positive results of Kibaran’s... 

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