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Asanko tracking top end of H2 guidance

By: Mariaan Webb     17th October 2018 Mining operations at the Asanko Gold Mine (AGM) are ahead of plan, standing the Ghana joint venture (JV) operation in good stead to meet its full-year production guidance of 200 000 oz to 220 000 oz. The mine – a 50:50 JV between Asanko Gold and Gold Fields – produced a record 61 599 oz in the... 

Vunani, Ayo partner up for R100m fintech JV

By: Marleny Arnoldi     8th October 2018 Technology service providers AYO Technology Solutions and financial services group Vunani Group have formed a R100-million joint venture (JV) to expand the platform and financial services activities of the listed Vunani Limited. Vunani Limited is a diversified financial services group with more... 

Cypress and Dajin to pursue Nevada lithium JV

By: Creamer Media Reporter      4th October 2018 TSX-V-listed Cypress Development is eyeing a prospect near its Clayton Valley lithium project, announcing on Wednesday that it could potentially earn a 50% interest in fellow-listed Dajin Resources’ Alkali Spring Valley property. Spring Valley is about 12 km north-east of Cypress’ Clayton Valley... 

Luminex says Anglo American to earn into Ecuador project

By: Creamer Media Reporter      25th September 2018 Diversified miner Anglo American has signed a formal earn-in and joint venture agreement with Vancouver-based Luminex Resources, relating to Pegasus A, Pegasus B and Luz concessions in Ecuador. The agreement gives Anglo the right to earn a 60% ownership interest in a JV company indirectly... 

‘Major’ drilling programme approved for Torrens

By: Creamer Media Reporter      17th September 2018 The management committee of the Torrens joint venture – a 70:30 Aeris Resources and Argonaut partnership – has approved Stage 1 of a “major” drilling programme the iron-oxide/copper/gold project, in South Australia. Stage 1 will involve eight to ten drill holes to depths of between 700 m and 1... 

Crade Arc signs Mali project exploration agreement with Indiana Resources

By: Marleny Arnoldi     10th September 2018 Aim-listed copper and gold miner Cradle Arc’s subsidiary Caracal Gold Mali has entered into a joint venture (JV) agreement with Mukuyu Resources for the exploration and development of Cradle’s 137 km2 Kossanto West gold project, in Mali. The area comprises the Kobokoto and Koussikoto... 

Denison buys out Cameco in Wheeler River JV

By: Mariaan Webb     5th September 2018 Uranium explorer and developer Denison Mines has increased its interest in the Wheeler River uranium project to 90% buy buying out Cameco Corp’s minority interest in the undeveloped high-grade project in the eastern Athabasca basin. Denison will acquire Cameco’s interest in the joint venture... 

Evolution signs up for Andromeda project

By: Esmarie Iannucci     3rd September 2018 Gold miner Evolution Mining has struck an earn-in agreement with fellow-listed Andromeda Metals over its Drummond gold exploration project, in Queensland. Under the terms of the agreement, Evolution would earn an initial 51% interest in the project by making a cash payment of A$300 000 to... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Bald Hill reaches production milestone

By: Esmarie Iannucci     31st July 2018 Commercial production has been declared at the Bald Hill lithium mine, in Western Australia. Joint venture (JV) partners Tawana Resources and Alliance Mineral Assets were now targeting a production of between 60 000 t and 75 000 t of spodumene concentrate for the six months between July and... 

Western Areas strike exploration deal with Iluka

By: Esmarie Iannucci     31st July 2018 Nickel miner Western Areas has signed a farm-in and joint venture (JV) agreement with fellow-listed Iluka, in South Australia. Under the terms of the agreement, Western Areas could earn an initial 51% over the metal rights in five exploration licenses by spending A$2.75-million within a three... 

MinRes to earn into Brockman’s Marillana project

By: Esmarie Iannucci     27th July 2018 ASX-listed Mineral Resources (MinRes) has struck a deal with fellow-listed Brockman Mining, which could see it acquire a 50% share in the Marillana iron-ore project, in the Pilbara. Under a farm-in agreement, MinRes could earn a 50% interest in the project by spending A$250 000 on exploration... 

White Rock and Sandfire strike Alaska base metals deal

By: Esmarie Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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. 

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