R/€ = 15.48 Change: -0.01
R/$ = 13.28 Change: -0.02
Au 1227.22 $/oz Change: -16.89
Pt 817.00 $/oz Change: -12.27


Mustang to focus on graphite/vanadium assets following gemstones deal

By: Esmarie Swanepoel     17th July 2018 The A$10-million merger of Mustang Resources’ ruby assets with that of TSX-V listed Fura Gems will allow the Australia-listed company to focus on its graphite/vanadium assets in Mozambique. Under the agreement, Fura will issue Mustang with A$10-million in shares over a 20-month period, giving... 

Orion on track for completing Prieska BFS

By: Anine Kilian     16th July 2018 JSE-listed Orion Minerals is on track to complete its bankable feasibility study into the Prieska zinc/copper project, in the Northern Cape, by the end of the year. The company on Monday reported positive assay results from a further 13 drilled intersections at the project. 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     16th July 2018 TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

Kodal reports positive assay results from Mali projects

By: Anine Kilian     16th July 2018 Aim-listed Kodal Minerals has reported encouraging assay results from its Mali-based Boumou, Ngoualana and Sogola-Baoule prospect. The lithium mineral exploration and development company said in a project update on Monday that the Boumou prospect was continuing to develop, with northern zone... 

Panthera completes initial RC drilling at Burkina Faso project

By: Marleny Arnoldi     16th July 2018 Aim-listed gold exploration and development company Panthera Resources has completed 1.07 km of reverse circulation (RC) drilling over eight holes at its Naton project in southern Burkina Faso.  

More resources at Montepuez

By: Esmarie Swanepoel     16th July 2018 Graphite developer Battery Minerals has reported a 14% increase in the mineral resource estimate of the Elephant deposit, at its Montepuez project, in Mozambique. The project is now estimated to host a total measured and indicated resource of 76.9-million tonnes, at 7.3% total graphitic carbon. 

MGX to earn into Belmont’s Nevada lithium property

By: Mariaan Webb     13th July 2018 Diversified miner MGX Minerals has entered into an option agreement to earn into the Kibby Basin lithium brine project, in the western portion of the Great basin in Nevada, the Canadian firm announced on Friday. MGX will acquire an initial 25% interest in Kibby Basin from TSX-V-listed Belmont... 

No ‘hollow’ promises: Allied Steelrode’s LT20 tube laser leverages the full engineering and design potential of tubular steel

13th July 2018 The increased popularity and use of square and rectangular section hollow steel tubing is a boon for consulting engineers, as it has opened up many new and innovative design opportunities. This type of  steel tubing has many advantages for the consulting engineer as it is cost-effective, light,... 

W confirms thick gold intersections at Portugal project

By: Creamer Media Reporter      13th July 2018 Exploration company W Resources is continuing to get strong gold intersections from the 15-hole drilling campaign at its São Martinho gold project in Portugal, chairperson Michael Masterman reported on Friday, announcing assay results from the first seven holes. Among the results are a 25 m... 

FS launched at McIntosh JV

By: Esmarie Swanepoel     13th July 2018 ASX-listed Mineral Resources (MinRes) and Hexagon Resources have launched a feasibility study (FS) for the McIntosh flake graphite joint venture (JV), in Western Australia. Hexagon shareholders in May this year approved the JV, which will see MinRes earn a 51% interest in the project by managing... 

Pronounced growth for compressed air systems specialist

13th July 2018 South African turnkey air compressor services supplier Integrated Air Solutions has seen a notable increase in demand for highly customised compressors, adapted specifically to the customer’s individual need. Air compressor manufacturer ELGi’s comprehensive compressor range available from... 

Atlas Copco

13th July 2018 A world-leading provider of sustainable productivity solutions, Atlas Copco is characterised by focused businesses, a global presence with direct sales and service, a strong, stable and growing service business, professional people and an asset-light and flexible manufacturing setup. “We are... 

No ‘hollow’ promises: Allied Steelrode’s LT20 tube laser leverages the full engineering and design potential of tubular steel

12th July 2018 The increased popularity and use of square and rectangular section hollow steel tubing is a boon for consulting engineers, as it has opened up many new and innovative design opportunities. This type of  steel tubing has many advantages for the consulting engineer as it is cost-effective, light,... 

First diamond package at Tsodilo’s BK16 yields valuation of $197.68/ct

By: Creamer Media Reporter      12th July 2018 An independent evaluation of a package of diamonds recovered from TSX-V-listed Tsodilo Resources’ BK16 project, in Botswana, has yielded a valuation of, on average, $197.68/ct. The package comprised two parcels totaling 224 diamonds and a total weight of 34.35 ct. 

WPG sets production record despite Challenger issues

By: Esmarie Swanepoel     12th July 2018 Junior gold miner WPG Resources has reported record quarterly production of 17 818 oz, with the month of June also producing a record 7 155 oz. The June quarter production was up from the 14 124 oz produced in the previous quarter. 

Exploration at Botswana Diamonds JV project delivers encouraging results

By: Creamer Media Reporter      11th July 2018 The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled. A total of 267 KIMs were discovered,... 

Drilling game changers - Epiroc COP 66 and T-Wiz60

11th July 2018 The COP 66 hammer for DTH applications and T-WiZ60 T-thread system for Tophammer drilling, both from Epiroc are defined by efficiency and reliability, two factors that are fundamental in curtailing operational costs and extending equipment life leading to maximised uptime and increased... 

Arc lifts Zamsort stake to 66%

By: Creamer Media Reporter      11th July 2018 Aim-listed Arc Minerals has acquired a further 5% interest in Zamsort, the operator of the Kalaba copper/cobalt project, in Zambia. It now owns 66% of Zamsort, with the other 34% interest held by Kopara Investments. 

Canadian firm joins Impact on Broken Hill hunt

By: Esmarie Swanepoel     11th July 2018 ASX-listed junior Impact Minerals has signed a letter of intent with TSX-V Listed BlueBird Battery Metals Incorporated over its Broken Hill silver/lead/zinc project, in New South Wales. Under the terms of the farm-in, BlueBird could earn a 75% interest in the five exploration licenses that... 

Kirkland reports strong production from Australia, Canada mines

By: Marleny Arnoldi     10th July 2018 Toronto-based Kirkland Lake Gold produced 164 685 oz of gold in the second quarter ended June 30, and 312 329 oz for the first half of the year. This compares with 160 305 oz produced in the second quarter of 2017 and 147 644 oz produced in the first quarter of 2018. 

TDS, Newrak awarded construction contract for Exxaro’s Matla Mine 2 and Mine 3

By: Nadine James     10th July 2018 TDS Projects Construction, in a joint venture with Newrak Mining, has been awarded the contract for two distinct but integrated mine development and infrastructure projects at Exxaro's Matla Mine 2 and Mine 3. The project will start on September 7, with the first blast taking place at Mine 3 for... 

PEA supports staged expansion of Sierra Metals’ Bolivar mine

By: Marleny Arnoldi     9th July 2018 Hot on the heels of a positive preliminary economic assessment (PEA) for the expansion of its Yauricocha base and precious metals mine, in Peru, Toronto-based Sierra Metals on Monday announced the outcomes of its PEA for the expansion at the Bolivar mine, in Mexico.  

Metal Tiger, partner log significant visible copper sulphides at Botswana project

By: Simone Liedtke     9th July 2018 Significant visible copper sulphides have been logged in hole MO-A4-003D as part of the latest diamond drill hole testing at the A4 dome at Aim-listed Metal Tiger’s joint venture (JV) project with partner MOD Resources in the Kalahari copperbelt, in Botswana. The strong visible copper... 

Centamin looks forward to stronger H2 production after 25% drop in Q2 output

By: Simone Liedtke     9th July 2018 Egypt-focused Centamin’s Sukari mine produced 92 803 oz of gold in the second quarter of this year, a 25% year-on-year decrease, as a result of lower openpit grades, as mining progresses through the transitional zone, and below forecast underground grades. Gold production for the six months ended... 

Avesoro on track to meet full-year production guidance

By: Marleny Arnoldi     9th July 2018 TSX- and Aim-listed gold miner Avesoro Resources remains on track to produce 220 000 oz to 240 000 oz for the full year, with production having reached 60 231 oz in the quarter ended June 30.  

Medusa takes inroads into Australia

By: Esmarie Swanepoel     6th July 2018 Philippines-focused gold miner Medusa Mining has inked an earn-in agreement over two exploration projects in Queensland. Medusa could earn a 90% interest in either or both projects from owner Ellenkay Gold by managing and funding work programmes through to the completion of a prefeasibility study. 

Gimlet exploration doubles

By: Esmarie Swanepoel     6th July 2018 ASX-listed junior First Au has tripled the size of its maiden drilling programme at the Gimlet gold project, in Western Australia, to 10 000 m. The explorer on Friday said that it will now drill more than 160 aircore holes at Gimlet, starting late this month, in addition to the diamond drill... 

New range of ZAP fasteners released

6th July 2018 Johannesburg-based roofing, cladding and steel frame fastener supplier Kare Industrial Suppliers has introduced a new range of ZAP fasteners designed for fixing roof sheeting to light steel battens and purlins. Over the last few years, there has been an increase in the use of light steel battens... 

Rescue Rod

6th July 2018 Trenchless specialist Rescue Rod notes that, after more than ten years of decisively shaping horizontal directional drilling practices within the company, this form of trenchless technology is widely becoming recognised worldwide as the most efficient, rapid and cost-effective method of... 

Leading distributor and processor of application specific steels

6th July 2018 Macsteel VRN is the leading supplier and processor of speciality carbon plate, stainless steel and a variety of aluminium grades. These include wear- and impact-resistant, high-strength, pressure vessel and marine grades of steel. Macsteel VRN’s central warehouse and its two major service centres... 

AngloGold starts development of Vogue orebody to increase Sunrise Dam production

By: Simone Liedtke     5th July 2018 Development of the large, high-grade Vogue orebody at gold miner AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia, is now under way, with production expected to increase by 25% this year to about 300 000 oz. This development follows the commissioning of the miner’s Recovery Enhance... 

Alba to start exploration, mapping at projects in Greenland this month

By: Marleny Arnoldi     5th July 2018 Aim-listed Alba Minerals says exploration activities at its Thule Black Sands and Inglefield Land projects in north-west Greenland are scheduled to start this month.  

Vast lifts Zimbabwe, Romania production in Q2

By: Marleny Arnoldi     4th July 2018 Aim-listed diversified miner Vast Resources on Wednesday released a solid set of production results for the three months ended June 30, including a record quarter for the Pickstone-Peerless gold mine, in Zimbabwe.  

Drilling resumes at Oldcastle zinc project in Ireland

By: Creamer Media Reporter      4th July 2018 A new drill programme at the Oldcastle zinc project, in Cavan and Meath, Ireland, has been launched, with about 1 800 m of drilling planned, gold and zinc explorer Connemara reported on Wednesday. The Oldcastle project is a joint venture between Connemara and Teck Resources subsidiary Teck... 

Mali lithium mine project economics improve – Birimian

By: Esmarie Swanepoel     4th July 2018 An updated prefeasibility study (PFS) into the Goulamina lithium project, in Mali, has shown improved economics and an extended mine life on the back of an increase to the mineral resource. ASX-listed Birimian on Wednesday told shareholders that a two-million-tonne-a-year mineral concentrating... 

Oposura gets 2.9mt initial resource

By: Esmarie Swanepoel     4th July 2018 ASX-listed Azure Minerals has reported an initial resource of 2.9-million tonnes, grading 5% zinc and 2.8% lead at its Oposura zinc/lead/silver project, in Mexico. The company told shareholders that 75% of the contained metal was within the indicated mineral resource category, with the resource... 

Newcrest strikes earn-in deal with Prodigy

By: Esmarie Swanepoel     4th July 2018 Gold miner Newcrest Mining has signed a farm-in agreement with ASX-listed junior Prodigy Gold over its Euro project, in the Northern Territory. Under the terms of the agreement, Newcrest could earn an initial 51% interest in the project by spending A$6-million on exploration over a period of... 

METS Ignited awards second round of funding to mining suppliers

By: Marleny Arnoldi     3rd July 2018 Industry-led, government-funded mining equipment, technology and services (METS) sector growth centre, METS Ignited, has awarded A$7.14-million in project funding to eight mining supply businesses in Australia.  

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