Kibo to start Haneti exploration following JV finalisation
JOHANNESBURG (miningweekly.com) – An exploration programme is set to begin at the Haneti nickel project, in Tanzania, following the finalisation of a joint venture (JV) agreement between owner Kibo Mining and Brazil’s Votorantim Group subsidiary Votorantim Metaís Participações (Votorantim).
The agreement would see the parties jointly conducting exploration work for nickel and other base- and precious metals.
The announcement on Wednesday followed the approval of the first drawdown against the £2.7-million funding package provided by Votorantim.
The exploration programme would seek to establish a Joint Ore Reserves Committee-compliant mineral resource at Haneti, after which the parties would consider the further development of the project on the merits of the exploration results.
Kibo CEO Louis Coetzee said he was pleased that the legal and administrative formalities in respect of the JV had finally been concluded.
“We look forward to pursuing the promising initial exploration results achieved on the Haneti properties further with our Brazilian partners,” he commented.
Mining Weekly Online reported last month that extensive nickel anomalies from soil sampling and trenching had been identified on a 70-km-long zone at the Haneti project, showing promise of a gold target where active artisanal mining was taking place.
However, reconnaissance geology mapping suggested the possibility of larger-scale gold occurrences in a number of the artisanal mining areas.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
