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Exploration News

McEwen appoints new Nevada GM, declares commercial production at Gold Bar

By: Creamer Media Reporter      Updated 6 hours ago NYSE- and TSX-listed McEwen Mining has reached commercial production at its Gold Bar mine, which is under the supervision of its new Nevada general manager (GM), Jack Henris. Henris joined McEwen from Goldcorp, where he was VP of mining and geotechnical. His appointment is aimed at driving... 

Amani raises cash for DRC exploration

By: Esmarie Iannucci     23rd May 2019 Junior Amani Gold will raise A$3-million through a share placement to accelerate exploration work at its Giro gold project, in the Democratic Republic of Congo. The company would issue more than 1.52-billion shares, at a price of 0.2c each, to sophisticated and professional investors. The share... 

Equinox Gold sells Elk Gold property

By: Creamer Media Reporter      22nd May 2019 TSX-V-listed Equinox Gold has sold its Elk Gold property, in British Columbia, to private explorer Bayshore Minerals for $10-million. The company will receive $1-milion in cash on closing of the sale and $9-million in a first ranking secured promissory note payable in yearly installments of... 

Tethyan to redomicile from UK to Canada

By: Creamer Media Reporter      22nd May 2019 Serbia-focused Tethyan Resources has announced that it will redomicile the company from England and Wales to British Columbia, Canada, to avoid the UK stamp duty tax. The UK stamp duty tax – a tax of 0.5% payable to HM Revenue and Customs Stamp Office – is unfamiliar to many investors that... 

Oriole sets its sights on a bigger footprint in Cameroon

By: Creamer Media Reporter      21st May 2019 Aim-listed Oriole Resources plans to capitalise on its position as a first-mover in Cameroon to expand its footprint in the country alongside its partner Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3). Oriole previously entered into earn-in... 

Syndicated pulls the trigger at Newfield

By: Esmarie Iannucci     20th May 2019 Junior Syndicated Metals has exercised its options for a farm-in agreement with fellow-listed Newfield Resources over the Newfield gold project, in Western Australia. Syndicated has paid Newfield A$25 000 in cash and has issued the company with 30-million shares, and ten-million options in... 

Junior starts copper exploration programme in Zambia

17th May 2019 Junior exploration company Arc Minerals has started an exploration programme at its Zamsort copper/cobalt project, in Zambia. The exploration programme follows the completion of an airborne geophysical programme at the project. 

Junior starts copper exploration programme  in Zambia
Photo by Bloomberg
NICK VON SCHIRNDING The exploration programme entails infill soil sampling over new targets

Explorer to acquire interest in Zambian copper licence

17th May 2019 Aim-listed copper/gold explorer Bezant Resources entered into a binding memorandum of agreement with horizontally-integrated holding company KPZ International last month for a conational option to acquire 50% interest in the Buffalo copper/gold exploration project in Zambia. Under the terms of... 

Explorer to acquire interest in Zambian copper licence
Photo by Bloomberg
AGREE OR NOT TO AGREE The agreement is for a conational option to acquire 50% of a copper mining licence

Azure regains full ownership of Alacrán from Teck

By: Esmarie Iannucci     16th May 2019 ASX-listed Azure Minerals has struck a deal with Canada’s Teck Resources to consolidate ownership of the Alacrán silver/gold/copper project, in Mexico. Azure in 2016 gained full ownership of the Alacrán project from Teck under a 2014 agreement that required the company to sole fund $5-million of... 

Acacia concludes termination of earn-in agreement over Burkina Faso project

By: Creamer Media Reporter      15th May 2019 London-listed Acacia Mining has signed the definitive documentation required to terminate its earlier earn-in agreement with TSX-V- and FSE-listed Sarama Resources over the South Houndé project, in Burkina Faso. Acacia announced in November last year that it would divest of the project, following... 

Team behind Kaminak launches new minerals explorer

By: Creamer Media Reporter      15th May 2019 The team behind Kaminak Gold – the company that discovered the multi-million-ounce Coffee gold project and sold it to Goldcorp for C$520-million in 2016 – has regrouped and formed a new minerals exploration company. Tectonic Metals was founded nearly two years ago by Eira Thomas, Tony Reda and... 

Rio Tinto partners with junior to explore Saskatchewan copper project

By: Creamer Media Reporter      13th May 2019 Diversified mining group Rio Tinto has been granted an option to acquire a majority interest in the Janice Lake copper project, in Canada’s Saskatchewan. Rio Tinto Exploration Canada (RTEC) has to commit to spending $3-million on exploration at the Janice Lake project over the next... 

Indian mining industry seeks SPV route for speedier auction of new mineral blocks

By: Ajoy K Das     13th May 2019 Indian industry representative bodies have requested that states first secure all regulatory approvals, such as environmental, forest and surface rights, for mineral assets, put into special purpose vehicle (SPVs), that go up for auction. The industry bodies argue that such a process will shorten... 

Blackstone raises cash for global exploration

By: Esmarie Iannucci     10th May 2019 ASX-listed junior Blackstone Minerals will raise A$2-million in a two-tranche placement to fund exploration at its metals projects in Vietnam, Canada and Western Australia. The first tranche of the share placement will consist of ten-million shares, priced at 5c each, to raise an initial A$500... 

Barrick excited about the DRC 

By: Martin Creamer     10th May 2019 Gold-mining company Barrick is excited about ongoing opportunities in the Democratic Republic of Congo (DRC), where it is making progress with the new mining code, Barrick president and CEO Dr Mark Bristow told Mining Weekly Online on Thursday. Bristow, whose Randgold Resources is now fully... 

Barrick excited about the DRC
Photo by Creamer Media
Barrick president and CEO Dr Mark Bristow

Nokeng fluorspar mine expects first shipment by midyear

By: Cameron Mackay     10th May 2019 Fluorspar mining company SepFluor’s new Nokeng fluorspar mine, in Gauteng, is in the final stages of commissioning, which is expected to take a further three to six weeks to complete. After a difficult period for the global fluorspar market, from 2011 to 2016, owing to the closure of high cost... 

Nokeng fluorspar mine expects first shipment by midyear
STANDING STRATEGY SepFluor has always planned to be a vertically integrated fluorspar company

Micromine software upgraded to increase performance

By: Thabi Madiba     10th May 2019 Following the positive effect of current worldwide exploration on the demand for mining software solutions specialist MICROMINE’s products, the company will release the latest version of its three-dimensional (3D) modelling and mine design software, Micromine 2020, in the last quarter of this... 

Micromine software  upgraded to  increase performance
IMPROVED PERFORMANCE The upgraded Micromine 2020 offers enhancements to implicit modelling and pit optimiser modules

First factory-fitted payload management system launched

By: Thabi Madiba     10th May 2019 Japanese yellow metal equipment manufacturer Komatsu and its subsidiary, mining equipment solutions provider MineWare, launched the first factory-fitted payload management system – the Argus PLM – during the bauma 2019 trade fair, held in Germany last month. The Argus PLM drives whole-of-mine... 

First factory-fitted payload management system launched
GROWING DEMAND More than 280 MineWare systems currently support more than 130 surface mining operations throughout South Africa, North and South America and Australasia

Magnetic raises A$3.1m for exploration

By: Esmarie Iannucci     7th May 2019 ASX-listed junior Magnetic Resources has raised A$3.1-million through a share placement priced at 28c each. Magnetic had initially sought to raise A$2.5-million, but strong demand from new and existing shareholders prompted the company to increase the share offer.  

Alto raises funds for drilling at Sandstone

By: Esmarie Iannucci     6th May 2019 ASX-listed junior Alto Metals has announced a A$2.6-million capital raise to fast track drilling at its Sandstone gold project, in Western Australia. The company placed some 56.87-million shares, at 3.6c each, along with one free attaching unquoted option, exercisable at 7c each for every two... 

AuStar weighing buy of neighbour Centennial

By: Esmarie Iannucci     3rd May 2019 ASX-listed junior AuStar Gold on Friday revealed intentions to make a takeover offer for embattled Centennial Mining. Centennial Mining went into voluntary administration in March this year, after failing to complete an audit and recapitalization plan. 

Kingston raises funds for Misima exploration

By: Esmarie Iannucci     3rd May 2019 ASX-listed Kingston Resources would raise more than A$8-million through a share placement and entitlement offer to advance exploration at its Misima gold project, in Western Australia. The company on Friday announced that it had received biding commitments to raise an initial A$4.3-million... 

Struggling junior miners woo investors to fund exploration projects

By: Reuters     3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Gold Fields invests in Peru-focused junior

By: Creamer Media Reporter      2nd May 2019 South Africa-headquartered miner Gold Fields has invested C$8-million in Canadian junior Chakana Copper, which is advancing copper and gold prospects in the Peruvian Andes. Through Gold Fields Nazca Holdings, Gold Fields agreed to subscribe for and purchase 15 686 275 common shares in Chakana... 

Osisko to begin drilling at Canada’s longest diamond drill hole in May

By: Simone Liedtke     30th April 2019 TSX-listed Osisko Mining on Tuesday announced that it would start drilling what is planned to be Canada’s longest diamond drill hole, Deep Discovery 1, in May, at its wholly-owned Windfall Lake gold project, in the Abitibi greenstone belt, in Québec.   Deep Discovery 1 is designed to test the... 

Oriole Resources receives £522 000 VAT refund

By: Tasneem Bulbulia     29th April 2019 Aim-listed exploration company Oriole Resources has received a repayment of £522 000 from Her Majesty’s Revenue and Customs (HMRC), in the UK, following the positive resolution of a value-added tax (VAT) dispute. “We are delighted to be able to report the receipt of this money and the end of this... 

Consulting could play an increasingly important role in SA

By: Jessica Oosthuizen     26th April 2019 While the local mining industry is shrinking, this is not necessarily the case for the mining consulting industry, as the role of mining consulting firms has evolved in response to changes in the industry, says consulting engineers and scientists SRK Consulting partner and principal consultant... 

Consulting could play an increasingly important role in SA
ANDREW VAN ZYL AND MARCIN WERTZ SRK Consulting acknowledges the growing value of Big Data and technology-focused expertise

Precinct a catalyst for a mining sunrise

By: Mamaili Mamaila     26th April 2019 In his inaugural State of the Nation Address in Parliament, in Cape Town, President Cyril Ramaphosa urged all South Africans to view the South African mining industry as a “sunrise industry”. Consequently, the Mandela Mining Precinct public–private partnership is a critically important catalyst... 

Precinct a catalyst  for a mining sunrise
VAN DER WOUDE We would like to see a modern mining industry that extracts and beneficiates our rich mineral resources in a globally competitive manner

Deep-sea mining boss says new law could be adopted next year

By: Reuters     25th April 2019 China and a quest for battery minerals have injected momentum into a long UN process to agree a law on deep-sea mining, which could be adopted by the end of 2020, if the political will exists, the head of the International Seabed Authority (ISA) said. So far the UN body, headquartered in... 

Deep-sea mining boss says new law could be adopted next year

Apollo raises A$6m for exploration

By: Esmarie Iannucci     23rd April 2019 ASX-listed Apollo Consolidated is hoping to raise A$6-million through a share placement to accelerate drilling at its Lake Rebecca gold project, in Western Australia. The junior on Tuesday said that it had agreed to place 30-million new fully paid ordinary shares, at a price of 20c each, to... 

Cornerstone and Newcrest in definitive Ecuador option agreement

By: Creamer Media Reporter      23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... 

Canadian miner finds new high-grade zinc and gold deposit

19th April 2019 Canadian mining company Hudbay Minerals has announced the discovery of 35.6 m of high-grade mineralisation including both zinc-rich massive sulphides and gold. The deposit is located between the old Chisel North mine and the producing Lalor mine in Manitoba, Canada, at a down hole depth between... 

Canadian miner finds  new high-grade zinc  and gold deposit
ALAN HAIR These zinc-rich and gold-rich intersections highlight the ever prospective nature of the Flin Flon greenstone belt and demonstrate the value of our Manitoba assets

China’s scrap regulations important factor in copper market

By: Cameron Mackay     19th April 2019 New legislation and regulations by the Chinese government for the import of scrap materials could be a significant factor in the copper market this year, suggests international metals and minerals consultancy Roskill associate consultant Jonathan Barnes. China announced plans in April last year... 

China’s scrap regulations important factor  in copper market
Photo by Bloomberg
RESTRICTED REGULATIONS As a result of regulations and a trade war, China will need to replace copper scrap units with imports of more refined copper

Africa will struggle to keep up with lead-producing countries, says Fitch

By: Cameron Mackay     19th April 2019 Africa will struggle to keep up with major lead-producing countries, such as China and Australia, owing to a lack of new projects in the pipeline, says credit and macro intelligence solutions provider Fitch Group commodities industry expert Diego Oliva-Velez. There are currently only four new... 

Africa will struggle to keep up with lead-producing countries, says Fitch
Photo by Bloomberg
ENVIRONMENTAL RESTRICTIONS As a highly polluting and toxic metal, global lead production will remain under pressure over the coming years

Construction at Turquoise Ridge mine progresses

19th April 2019 Construction of a third shaft at mining company Barrick Gold’s underground mine Turquoise Ridge in Nevada, in the US, continues to advance according to schedule and within budget, the miner noted in its financial report, released in February. Efforts for this year will focus on shaft sinking and... 

Construction at Turquoise Ridge  mine progresses
PIPELINE POTENTIAL Barrick Gold continues to advance a pipeline of high-confidence projects at or near its existing operations

Ivanplats to complete early-works construction at Platreef Shaft 2

By: Mc'Kyla Nortje     19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... 

Ivanplats to complete early-works construction at Platreef Shaft 2
SHAFT 2 Aerial view of the Shaft 2 box cut early works with the concrete hitch under construction

UMS Group follows alternative shaft sinking methodologies

By: Mc'Kyla Nortje     19th April 2019 Mining solutions provider Underground Mining Services (UMS) Group is focusing on an alternative shaft sinking methodology that emphasises safety and mechanisation. The UMS Group comprises Shaft Sinkers as well as Mining Engineering Technical Services (METS) aims to provide clients with the full... 

UMS Group follows  alternative shaft sinking methodologies
MACHINES With mechanisation shaft development is performed by machines with little or no need for humans to interface with those machines

Russian, Angolan diamond groups sign MoU

By: Rebecca Campbell     19th April 2019 Russia’s predominantly State-owned global diamond mining major Alrosa and Angola’s State-owned national diamond mining company Endiama signed a Memorandum of Understanding (MoU) early this month. This marks the latest stage in the development of the relationship between the two entities, which... 

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