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Major drill targets confirmed at Katoro’s Haneti nickel project

By: Tasneem Bulbulia     26th June 2019 There are indications that Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania, could host a chonolith-type nickel sulphide deposit. The company would, therefore, push ahead with preparations for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka... 

Atlas Copco South Africa moving with the 4IR times

By: Marleny Arnoldi     26th June 2019 Amid a global rise in smart factories that form part of the Fourth Industrial Revolution, industrial equipment supplier Atlas Copco South Africa is taking its vision of a smart factory to a higher level. The company calls its concept the “Smart Connected Assembly – Powered by Data” and says it... 

OroTree will not exercise right to acquire ERPM mining infrastructure assets

By: Tasneem Bulbulia     26th June 2019 Dual-listed DRDGold on Wednesday announced that Malaysian exploration company OroTree had elected not to exercise an option to acquire the mining infrastructure assets to access the deep underground ounces of  the East Rand Proprietary Mines (ERPM) gold mine in Boksburg. OroTree, which acquired... 

Gemfields enters into Moz gold JV

By: Creamer Media Reporter      26th June 2019 JSE-listed gemstone producer Gemfields has entered into a joint venture (JV) with Mozambican company Mwiriti to explore for gold over greenfield licences near the companies' Montepuez Ruby Mining (MRM) JV operation, in Mozambique. Gemfields will hold 75% of the new JV and Mwiriti the balance. 

Orla sees Camino Rojo as ‘fantastic’ opportunity

By: Mariaan Webb     26th June 2019 The Camino Rojo oxide project, in Zacatecas, Mexico, is a “fantastic opportunity to develop a quality mine”, TSX-listed Orla CEO Jason Simpson said on Tuesday, announcing the results of the feasibility study for the project that once belonged to Goldcorp. The study, prepared by a team of experts... 

Gen Mining and Sibanye ink definitive Marathon agreement

By: Mariaan Webb     26th June 2019 Exploration and development company Generation Mining (Gen Mining) has entered into a definitive agreement with gold and platinum miner Sibanye-Stillwater to earn a majority stake in the Marathon project, in northern Ontario, Canada. South Africa-headquartered Sibanye CEO Neal Froneman said on... 

Superior Lake raises funds for zinc project

By: Esmarie Iannucci     26th June 2019 Base metals developer Superior Lake Resources is hoping to raise A$3.78-million through a share placement to professional and sophisticated investors. The ASX-listed company on Wednesday said that it has received subscriptions for more than 216.3-million shares, priced at 1.75c each, with the... 

Arrow invests in Burkina Faso exploration

By: Esmarie Iannucci     26th June 2019 Perth based Arrow Minerals has struck a A$2.9-million deal to acquire privately held exploration company Boromo Gold, which holds six exploration projects in Burkina Faso. Under the terms of the agreement, Arrow would issue ten of is own shares for each Boromo share held, and ten Arrow... 

Rubicon to provide new conceptual mine plan for Phoenix

By: Mariaan Webb     25th June 2019 The Phoenix gold project, once one of the hottest new gold projects in Canada’s Red Lake gold mining district, is set to rise again, CEO George Ogilvie said on Tuesday, announcing that a new conceptual mine plan would be ready in the third quarter. The company previously planned to publish a new... 

MOD backs improved A$167m offer from Sandfire

By: Esmarie Iannucci     25th June 2019 Copper miner Sandfire Resources has made an improved A$167-million takeover offer for Africa-focused copper developer MOD Resources. Under the offer agreement, each MOD shareholder could elect to receive either 45c in cash for each of their shares, capped at A$41.6-million or 25% of the overall... 

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