R/€ = 15.46 Change: -0.01
R/$ = 13.27 Change: -0.01
Au 1227.23 $/oz Change: 3.98
Pt 820.50 $/oz Change: 11.77


White Rock and Sandfire strike Alaska base metals deal

By: Esmarie Swanepoel     10th July 2018 Copper miner Sandfire Resources has struck a deal with fellow listed White Rock Minerals to form a strategic relationship in relation to White Rocks’ Red Mountain zinc project, in Alaska. Sandfire will subscribe for A$2.5-million shares in White Rock, and will be issued more than 208.3-million... 

Empire readies for court battle

By: Esmarie Swanepoel     7th June 2018 Junior gold miner Empire Resources is seeking legal assistance in its dealings with joint venture (JV) partner Brimstone Resources. Brimstone, which holds a 40% interest in the Penny’s Find project, has sought an injunction from the Supreme Court of Western Australia to prevent Empire from... 

Carnaby assembles projects ahead of IPO

By: Esmarie Swanepoel     5th June 2018 ASX-listed mineral sands producer Diatreme Resources and its joint venture (JV) partner Superior Resources have both agreed to vend their interest in the Tick Hill gold project, in Queensland, to Carnaby Resources ahead of its initial public offering (IPO). Diatreme will receive a minimum of... 

AMSA moves to sell stake in Macsteel International for R2.8bn

By: Terence Creamer     28th May 2018 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that it intended to sell its 50% indirect interest in steel trading and shipping business Macsteel International (MIHBV) to a subsidiary of Macsteel Holdings (MacHold) for $220-million, or around R2.8-billion. The proposed... 

Kidman signs lithium supply deal with Tesla

By: Esmarie Swanepoel     17th May 2018 Lithium developer Kidman Resources has inked an offtake agreement with clean energy solutions provider Tesla to supply lithium hydroxide. The agreement is for an initial three-year term on a fixed price take-or-pay basis, with two three-year term options. 

Rio signs up for Sipa project in Uganda

By: Esmarie Swanepoel     14th May 2018 Junior Sipa Resources has inked an earn-in and joint venture (JV) agreement with mining major Rio Tinto’s exploration arm, for an interest in its Kitgum Pader base metals project, in Uganda. Under the agreement, Rio would have the option to earn an initial 51% interest in the project by... 

Latitude completes Mt Ida sale

By: Esmarie Swanepoel     11th May 2018 ASX-listed Latitude Consolidated has completed the divestment of its Mt Ida gold project, in Western Australia, to fellow-listed Alt Resources. The two companies in January struck a deal under which Alt would make an initial cash payment of A$400 000 within seven days of signing a heads of... 

Artemis sells A$20.7m Novo stake to Kirkland Lake

By: Esmarie Swanepoel     11th May 2018 Mid-tier gold miner Kirkland Lake Gold has entered into an agreement to buy four-million shares in junior miner Novo Resources from Australia-based Artemis Resources in a A$20.7-million transaction. Kirkland Lake currently holds more than 25.8-million shares and 14-million Novo common share... 

Rio and Alcoa team up with Apple in zero carbon aluminium smelting drive

By: Esmarie Swanepoel     11th May 2018 Mining major Rio Tinto has teamed up with aluminium producer Alcoa to develop the world’s first carbon-free aluminium smelting process. The new process will produce oxygen and replace all direct greenhouse-gas (GHG) emissions from the traditional aluminium smelting process. 

SA distributor secures rights to market cable fire-protection system

By: Dylan Slater     20th April 2018 A joint venture (JV) between 24-year-old South Africa-based construction access systems provider IBAS Group and Norway-based fire-prevention solutions company Fire Security aims to increase market awareness in South Africa for two fire-prevention systems developed and manufactured by Fire... 

Maiden resource announced at Connemara’s Stonepark JV

By: Creamer Media Reporter      17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

4Sight to establish JV in China

By: Anine Kilian     16th April 2018 JSE-listed 4Sight Holdings has signed an agreement with Chinese company Shenzhen Rongmei Science and Technology (RM) to establish a 50:50 joint venture (JV) in China. 4Sight said in a statement on Monday that it aims to expand its business operations, opportunities and customer footprint in the... 

Minotaur signs up for NT exploration

By: Esmarie Swanepoel     16th April 2018 ASX-listed explorer Minotaur Exploration has entered into a joint venture (JV) agreement with fellow-listed Andromeda Metals in the Northern Territory. Under the terms of the agreement, Minotaur would sole fund up to A$5-million through a staged earn-in over a maximum six-year period, to earn a... 

Latitude takes stake in Zim project

By: Esmarie Swanepoel     12th April 2018 Junior explorer Latitude Consolidated has moved to acquire a 70% interest in the Mbeta lithium project, in Zimbabwe. Under the terms of the agreement, Latitude will pay the owner of the project $50 000 in cash on the signing of an agreement, as a non-refundable deposit. A further $50 000 will be... 

Lionsgold says Finland JV making good progress, ups stake to 30%

By: Creamer Media Reporter      10th April 2018 London-listed Lionsgold on Tuesday reported progress at its Finland operations, noting that the joint venture (JV) company, Kalevala, had received approval to process 200 t of material from the Kuikka deposit as part of the commissioning of a gold recovery pilot plant for planned bulk sampling.... 

Tavsan feasibility study to start following resource classification

By: Creamer Media Reporter      9th April 2018 The resource classification of the Tavsan project, in Turkey, has been materially improved, with 71% of the resource now classified as measured and indicated, 50% owner Ariana Resources reported on Monday. The Tavsan project, which is part of the Red Rabbit joint venture (JV) with Turkish firm... 

Botswana approves drilling at Metal Tiger, MOD’s T3 Dome

By: Marleny Arnoldi     3rd April 2018 Botswana’s Department of Environmental Affairs has approved the environmental management plan (EMP) for a drilling campaign to test numerous high-priority targets along the T3 project’s 50-km-long T3 Dome.  

Georgian agrees terms for Kvemo Bolnisi development

By: Creamer Media Reporter      15th March 2018 London-listed Georgian Mining and its joint venture (JV) partner Caucasian Mining have agreed on terms for the development of the Kvemo Bolnisi (KB) copper/gold project, in the Tehtyan Belt in Georgia. The parties have settled on funding the JV company, Georgian Copper and Gold (GCG), on a 50:50... 

Nautilus PEA outlines the low-cost production potential of Solwara 1

By: Henry Lazenby     2nd March 2018 Toronto-based Nautilus Minerals has published a new preliminary economic assessment (PEA) for its Solwara 1 seafloor copper/gold project, located in the Bismarck Sea offshore Papua New Guinea (PNG). The Toronto-based prospective marine miner reported an undiscounted after-tax net cash flow of... 

Freeport-McMoRan enters option to earn 65% of Northisle's Pemberton Hills property

By: Henry Lazenby     27th February 2018 Copper major Freeport-McMoRan has entered an option agreement with Northisle Copper and Gold to earn a 65% interest in the Pemberton Hills property, located on Vancouver Island. The Pemberton Hills target is a 3.5 km by 1.5 km area of advanced argillic alteration similar to that observed at... 

Cape Lambert appoints consultant for Kipushi engineering review

By: Megan van Wyngaardt     6th February 2018 ASX-listed resource and investment company Cape Lambert has appointed South Africa-based engineering consulting firm GWCH Consulting to complete the detailed engineering review of the Kipushi copper processing plant in the Democratic Republic of Congo (DRC). The Kipushi operation is run by... 

Metal Tiger, MOD to proceed with feasibility study on Botswana copper project

By: Megan van Wyngaardt     31st January 2018 Following the successful completion of a prefeasibility study (PFS) on the T3 copper project, in Botswana, joint venture (JV) partners Metal Tiger and MOD Resources have agreed to proceed with a feasibility study this quarter. The PFS assumed two models, including openpit mining and conventional... 

Tribunal approves JV between three international shipping companies

By: Anine Kilian     17th January 2018 The Competition Tribunal has approved, with conditions, the intermediate merger whereby Nippon Yusen Kabushiki Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (KL) intend to merge their container liner shipping businesses to form a joint venture (JV) in the shipping market. NYK,... 

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact

By: Henry Lazenby     10th January 2018 Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects. Premier announced on Wednesday that, under the terms of the agreement,... 

Talisman Mining expands NSW landholding

By: Megan van Wyngaardt     9th January 2018 ASX-listed Talisman Mining on Tuesday said it would expand its landholding in the prospective Lachlan fold belt of New South Wales through a farm-in agreement with private company Bacchus Resources and a purchase agreement with ASX-listed Kidman Resources. Under the agreements, Talisman may earn... 

ABB, SNC-Lavalin joins forces for substation projects

By: Megan van Wyngaardt     20th December 2017 Automation company ABB and infrastructure company SNC-Lavalin have signed an agreement to form a joint venture (JV) for the execution of engineering, procurement and construction (EPC) projects for electrical substations. SNC-Lavalin will have majority and controlling interest in the JV. 

Lonmin completes Pandora buyout

By: Dylan Slater     13th December 2017 Platinum group metals (PGMs) producer Lonmin has taken full ownership of the Pandora joint venture (JV), after having acquired platinum miner Anglo American Platinum’s (Amplats’) 42.5% stake and mining and investment exploration company Mvelaphanda Resources’ 7.5% interest in the JV 

New JV to develop small-scale Zambian hydropower projects

By: Schalk Burger     12th December 2017 The New Africa Power joint venture (JV) plans to develop a 65 MW portfolio of small-scale, run-of-the-river hydropower projects in Zambia. The JV, established by Nairobi-based energy holding company responsAbility Renewable Energy, international finance institution Norfund and investment company... 

Novo meets commitment to earn 50% in Karratha JV

By: Mariaan Webb     1st December 2017 Canada’s Novo Resources has satisfied its farm-in and joint venture (JV) expenditure commitment to earn 50% into a venture with Australia’s Artemis Resources focusing on conglomerate gold in the Karratha region of the Pilbara. Three separate unincorporated 50:50 JVs have been formed between Novo... 

Auto firms back deployment of high power EV charging network in Europe

By: Irma Venter     1st December 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

MRC enters into JV to explore for graphite in WA

By: Creamer Media Reporter      20th November 2017 ASX-listed Mineral Commodities (MRC) has entered the battery materials market, announcing on Monday that it had executed a farm-in and joint venture (JV) agreement to explore for graphite in Western Australia. The Munglinup JV with Gold Terrace provides for exploration and development of a... 

Ford, BMW, Daimler and VW launch JV to enable long-distance electric vehicle travel

By: Irma Venter     3rd November 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

Fortuna floating liquefied natural gas project – Block R, Nigeria

By: Sheila Barradas     3rd November 2017 The project involves the development of 17 wells over four phases in the south-east of the Niger Delta complex.  

Sherritt narrows Q3 loss as higher commodity prices, lower costs boost the bottom line

By: Henry Lazenby     26th October 2017 Canadian diversified miner Sherritt International has reported improved headline earnings for the three months ended September, as higher realised prices for nickel, cobalt and oil and lower unit operating costs, mainly for nickel and electricity boosted earnings. Excluding special items, the net... 

Mt Thirsty proves up for JV partners

By: Esmarie Swanepoel     5th October 2017 A scoping study into the Mt Thirsty joint venture (JV) cobalt project, in Western Australia, has estimated that the project could produce up to 1 280 t/y of cobalt and up to 1 660 t/y of nickel over a mine life of 21 years. ASX-listed Barra Resources and fellow-listed Conico on Thursday reported... 

Outa now takes aim at Denel chairperson

By: Creamer Media Reporter      1st September 2017 The Organisation Undoing Tax Abuse (Outa) this week laid charges of corruption at the Brooklyn police station against State-owned Denel chairperson Dan Mantsha over his alleged involvement in State capture. Outa COO Ben Theron on Friday said the organisation believed Mantsha, who was appointed as... 

Atrum buys out JV partner Elan in Alberta

By: Esmarie Swanepoel     23rd August 2017 Coal miner Atrum Coal has entered into a share sale deed to acquire Canadian firm Elan Coal’s coal properties in Alberta. Atrum, through its subsidiary Kuro Coal Canada, in 2014 acquired a 70% interest in the Elan properties through a joint venture (JV) agreement, under which it spent... 

Savary discovers three new zones, extends known gold zones at Karankasso JV project

By: Henry Lazenby     22nd August 2017 Canadian explorer Savary Gold has discovered three new gold zones at its flagship Karankasso joint venture (JV) gold project, in south-western Burkina Faso, while the latest drilling programme has also extended the known mineralised zones. The TSX-V-listed company, which owns a 69.5% stake in the... 

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