R/€ = 14.60 Change: 0.00
R/$ = 11.83 Change: 0.01
Au 1332.18 $/oz Change: 15.25
Pt 960.00 $/oz Change: 13.84


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... 

Mountain Valley pipeline project and Equitrans expansion project, US

By: Sheila Barradas     18th August 2017 The project aims to build and operate a new 489-km-long, 107-cm-diameter pipeline in West Virginia and Virginia. 

Majozi Bros, Hire-It join forces to create one-of-a-kind black-owned JV

By: Samantha Herbst     10th August 2017 Durban-based Majozi Brothers Construction has joined forces with tool hire and sales company Hire-It to establish a new Level 2 broad-based black economic-empowerment (BBBEE) joint venture (JV) company – Majozi Bros Tool Hire & Sales. The new JV, which is 51% owned by Majozi Brothers and 49%... 

Exciting new Black owned tool hire JV for KZN

     10th August 2017 An exciting new joint venture between Durban based Majozi Brothers Construction and well established tool hire and sales operation, Hire-It (Natal) PTY Ltd will introduce an exciting combination of new generation entrepreneurship and experience into this often overlooked segment of the... 

Altona sinks Sichuan deal

By: Esmarie Swanepoel     24th July 2017 ASX-listed Altona Mining has abandoned joint venture (JV) agreement with Sichuan Railway Investment Group (SRIG) over the Cloncurry project, in north-west Queensland, after the Chinese group failed to secure regulatory approval for the transaction. Altona already granting SRIG an extension to... 

Chinese consortium reaffirms commitment to Graphex’s Tanzania project

By: Esmarie Swanepoel     13th July 2017 The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX on Thursday after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity... 

Connemara keen to find new zinc partner with ‘deeper pockets’

By: Mariaan Webb     28th June 2017 Irish explorer Connemara Mining chairperson John Teeling is open to bringing in a new joint venture (JV) partner for the company's zinc exploration projects in Limerick and Meath, claiming on Wednesday that progress is too slow in a market where zinc prices are rising fast. Connemara has two JV... 

Westgold buys Silver Lake’s Murchison assets

By: Esmarie Swanepoel     23rd June 2017 ASX-listed gold miner Silver Lake Resources has reached an agreement with fellow-listed Westgold Resources to divest of its Murchison assets, in Western Australia, for A$10-million. The sale includes the Tuckabianna gold processing facility and underlying mining tenure, as well as the company’s... 

Competition Commission prohibits two separate mergers

By: Megan van Wyngaardt     21st June 2017 The Competition Commission has prohibited a proposed merger between Dutch packaging manufacturer Greif International and local steel drum manufacturer Rheem South Africa, as it would garner anticompetitive activities. The commission felt that, as Greif and Rheem were the only manufacturers of... 

Waitsia Stage 2 advances

By: Esmarie Swanepoel     8th June 2017 The joint venture (JV) partners for the Waitsia Stage 2 gas project, in Western Australia, have short-listed four contractors to compete in a design competition for the front-end engineering and design for the project. The Stage 2 design would include a gas plant capable of processing 100 TJ/d,... 

Gahcho Kué delivers two more large diamonds

By: Henry Lazenby     3rd June 2017 Mountain Province Diamonds has announced the discovery of two large gem-quality diamonds of 84.65 ct and 53.90 ct at the joint venture (JV) Gahcho Kué mine, in April. Mountain Province owns 49% of the mine, with De Beers owning the balance. 

Eastern Goldfields cements Intermin deal

By: Esmarie Swanepoel     1st June 2017 ASX-listed junior Eastern Goldfields has finalised an exploration farm-in joint venture (JV) agreement with fellow-listed Intermin Resources over the Menzies and Goongarrie projects, in Western Australia. The two companies in September of last year agreed to form a JV, with Eastern Goldfields... 

Nuurstei closer to development - Aspire

By: Esmarie Swanepoel     31st May 2017 Coal developer Aspire Mining has moved a step closer to the development of its Nuurstei coking coal project, in Mongolia, with the Mineral Resource Authority of Mongolia approving the registration of the project. The registration is necessary before a mining licence can be issued, and allows the... 

Graphex agrees to terms with Chinese partner

By: Esmarie Swanepoel     24th May 2017 Junior Graphex Mining has agreed to the terms of a joint venture (JV) and offtake agreement over its Chilalo graphite project, in Tanzania, with a Chinese syndicate led by CN Docking Joint Investment and Development Co. The syndicate would be required to make an equity investment of between... 

Stratex commits further funding to TSR venture

By: Megan van Wyngaardt     19th May 2017 Gold focused exploration and development company Stratex International on Friday agreed to continue funding exploration planned by joint venture (JV) company Thani Stratex Resources (TSR) at its Anbat gold prospect, in Egypt. In 2014, Stratex and Thani Emirates Resource combined their assets in... 

Gold Fields takes a stake in Australian JV partner

By: Esmarie Swanepoel     19th May 2017 South Africa-based gold major Gold Fields has taken a 10% shareholding in ASX-listed joint venture (JV) partner Gold Road Resources. Gold Road on Friday announced that Gold Fields had acquired some 74.8-million shares in the company, at 86c each, representing a premium of 27% to Gold Road’s... 

Cape Lambert ventures into cobalt

By: Esmarie Swanepoel     3rd May 2017 ASX-listed Cape Lambert has struck a joint venture (JV) deal with Paragon Mining to develop advanced and near-term cobalt and copper projects in the Democratic Republic of Congo (DRC). “The JV agreement with Paragon is a major milestone for the company and follows a period of extensive legal and... 

Neometals looking for third-party buyer

By: Esmarie Swanepoel     26th April 2017 ASX-listed Neometals is looking for a third-party buyer for its 13.8% interest in the Reed Industrial Minerals joint venture (JV), after its JV partners failed to take the bait. Neometals in early April announced plans to divest of its stake in the JV vehicle, which owns the Mt Marion lithium... 

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