R/€ = 20.7416 Change: -0.0088
R/$ = 19.1599 Change: -0.0116
Au 2024.55 $/oz Change: 0.09
Pt 898.08 $/oz Change: 8.97

Exploration News

Perseus enters into co-investment cooperation agreement with Saudi company

By: Tasneem Bulbulia     21st February 2024 ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate company, Ajlan Brothers. The binding agreement contemplates that Perseus and ABM will jointly investigate... 

Rich new Copper 360 discovery points to big Chile-type copper mine potential  

By: Martin Creamer     20th February 2024 Okiep Copper Company, which mining company Newmont established in 1937, is today one of the 100%-owned subsidiaries of South Africa’s Copper 360, the only pure copper play listed on the Johannesburg Stock Exchange. Under Newmont, the Okiep Copper Company paid out about R30-million in dividends... 

Copper 360 CEO Jan Nelson.
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Consultancy laments R10bn/y deficit in exploration investment against govt target

By: Marleny Arnoldi     19th February 2024 Despite the South African government having set a target to attract 5% of global exploration spend within five years from 2019, the country attracted just 0.8% of global exploration spend in 2022 and. 0.92% in 2023. This means that, by next year, South Africa would need to attract about... 

Platreef exploration

Kin Mining proposes merger with PNX Metals

By: Mariaan Webb     16th February 2024 Following the recently completed sale of certain gold deposits to Genesis Minerals, ASX-listed Kin Mining is well-funded with A$75-million in cash and liquid assets and is now looking for potential strategic investments or acquisitions. One such opportunity that it is looking to pursue is a... 

DRC investment to be buoyed by elevated copper price

By: Halima Frost     16th February 2024 A forecasted increase in global copper prices will encourage continued investment in the “copper and cobalt mining powerhouse of Africa” – the Democratic Republic of the Congo (DRC) – reports business advisory firm BDO South Africa senior audit manager Dorcas Nhlapo. She attributes this elevated... 

A group of make shift tents and lean to's in the DRC Bush which houses artisanal miners and their families
COPPER CAMPOUT An artisanal miner encampment which is a prolific occurrence in the Democratic Republic of the Congo

Explorer issues tenders for project drilling

16th February 2024 As it looks to progress the development of its Adumbi project, Canadian gold exploration company Loncor sent drilling tenders to a number of drilling companies to bid on a 11 000 m deep drilling programme at the priority gold exploration target below the Adumbi $1 600/oz pit shell. Fifteen... 

Two hands holding an ore with gold flakes in it
FINE SPECIMEN A piece of ore with gold streaks in it found during the exploration phase of the Adumbi project in the Democratic Republic of Congo

Human rights a key issue

By: Halima Frost     16th February 2024 Modern slavery risk mitigation data and research company Evidencity says although poor governance is an endemic issue in the mining sector of the Democratic Republic of Congo (DRC), the protection of human rights – primarily those pertaining to the use of child labour – is the greatest challenge.   

 A young boy miner stood in front of an openpit artisanal mine in the Democratic Republic of Congo
MINOR MINERS The use of children and disadvantaged people in the Democratic Republic of Congo mining sector is rampant

Explorer starts Tanganyika-based drill programme

16th February 2024 During January, junior explorer and developer AJN Resources started percussion drilling on its Manono Northeast project in the Tanganyika province, in the Democratic Republic of Congo (DRC). Local Congolese drilling company MB Exploration has been contracted to drill three drill fence lines for... 

A raw rock of pegmatite
EXPLORATION PROGRAMME Percussion drilling has started at the Manono Northeast project

Reforms, Mining Exploration Fund, black ownership make headlines  

15th February 2024 Mining Weekly Editor Martin Creamer discusses the need for energy and logistics reforms for sustainable mining; the agreement between the Department of Mineral Resources and Energy and the IDC for the establishment of a Mining Exploration Fund; and black ownership in SA mining has reached 39%.   

Photo of Martin Creamer
Reforms, Mining Exploration Fund, black ownership make headlines

Ariana mulls further involvement in Zim project following due diligence drilling

By: Marleny Arnoldi     15th February 2024 Aim-listed Ariana Resources has completed 1 222 m of diamond drilling for due diligence purposes on the Dokwe gold project, in Zimbabwe. The company is targeting the Dokwe North and Dokwe Central deposits, with the geochemical characteristics of the mineralisation uncovered so far being defined... 

Barrick replaces 140% of gold reserve, no need for ‘dilutionary or delusionary’ M&A 

By: Martin Creamer     15th February 2024 New York- and Toronto-listed mining company Barrick has replaced more than 140% of its gold reserves in the last five years and more importantly at the same grade, Barrick CEO Dr Mark Bristow pointed out in reporting full-year 2023 gold production of 4.05-million ounces and copper output of... 

Barrick CEO Mark Bristow.
Barrick CEO Mark Bristow.

Resources Watch 

14th February 2024 This week: Multotec optimistic about African mining; Mining needs new ways to increase productivity; and, FLSmidth discusses innovations for sustainable mining 

Resources Watch
Resources Watch

2024 defining year for world’s first woman-owned phosphate mine, looking at IPO   

By: Martin Creamer     12th February 2024 Adelaide Ruiters has been slogging away for ten years to get the world’s first woman-owned phosphate mine up and running. Now, 2024 looks like the year she'll likely do it. Ribbon-cutting for Adelaide Ruiters Mining and Exploration (ARME) is now expected around June, July ­– and being considered,... 

ARME founder and CEO Adelaide Ruiters.
AMRE CEO Adelaide Ruiters interviewed by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Video Editing: Nicholas Boyd.

HPX, Liberian govt, Guma sign letter of intent to develop Liberty Corridor

By: Sabrina Jardim     12th February 2024 US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the Liberian government and pan-African diversified investment and operations group Guma Africa Group to... 

An image depicting Ivanhoe Mines co-chairperson Robert Friedland
Ivanhoe Mines co-chairperson Robert Friedland

Premier publishes new mineral resource estimate for Zulu project

By: Darren Parker     9th February 2024 Aim-listed Premier African Minerals has published a new South African Mineral Resource Committee- (Samrec-) compliant mineral resource estimate (MRE) for its wholly-owned Zulu lithium and tantalum project. The new MRE is concerned with those areas of the Zulu tenements that are expected to be... 

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

PDAC to focus on new industry fundamentals

9th February 2024 This year’s Prospectors and Developers Association of Canada (PDAC) convention, will include a key programme that will help miners understand how to navigate environmental, social and governance (ESG) factors and benchmarks, following the growing focus on ESG scorecards and the influence these... 

A group of core samples listed and on display at last years PDAC
AT THE CORE The Core Shack – a unique venue where explorers may display their core samples – will again be an attraction at this years PDAC

Programme eyes critical minerals

By: Donna Slater     9th February 2024 Independent Vancouver, Canada-based public geoscience organisation Geoscience British Columbia is bringing together government, industry and other partners for the first desktop phase of the Critical Minerals and Metals in British Columbia Mine Tailings and Waste Rock Facilities programme to... 

Positive reaction to machine, tech partnership

By: Halima Frost     9th February 2024 Mining equipment manufacturer Veracio, a new subsidiary of international exploration drilling company Boart Longyear, says although its partnership with directional drilling service provider International Directional Services (IDS) is still in its infancy, the response from clients has been... 

A Veracio TruGyro implement placed on tests on a red rock surface
DEDICATED DRILL DISTRIBUTOR The partnership between IDS and Veracio will see the new TruGyro north-seeking continuous gyro tool being distributed to IDS clients across North America

African Pioneer extends Ongombo prospecting licence, upgrades mineral resource estimate

By: Darren Parker     8th February 2024 London-listed exploration and resource development company African Pioneer has been notified that the exclusive prospecting licence (EPL) 5772, 40 km northeast of Windhoek, Namibia, has been renewed for two years. The licence contains African Pioneer’s 85%-owned Ongombo copper and gold project. 

Madison reports high-grade uranium discovery at Khan

By: Darren Parker     8th February 2024 Upstream uranium mining and exploration company Madison Metals has discovered a high-grade uranium mineralisation at Anomaly 5, located within the company’s Khan project at Madison West in Namibia’s Erongo uranium province. These findings, which include a surface sample of 8.47% triuranium... 

Madison Metals executive chairperson and CEO Duane Parnham
Madison Metals executive chairperson and CEO Duane Parnham

Copper and uranium explorer announces ASX listing

By: Creamer Media Reporter      7th February 2024 Litchfield Minerals, a junior exploration company focused on the Northern Territory, on Wednesday announced its planned listing on the ASX. With an initial focus on uranium and copper exploration, Litchfield is poised to capitalise on the increasing global demand for uranium, driven by a... 

Mingomba discovery highlights value of Konkola West by proximity

By: Darren Parker     7th February 2024 Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals’ Mingomba copper project, which has been in the news over the past few days following the proclamation that... 

copper element abstract

DMRE, IDC establish Junior Mining Exploration Fund

By: Sabrina Jardim     7th February 2024 The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior Mining Exploration Fund. The establishment of this fund forms part of South Africa’s mineral exploration... 

An image depicting IDC COO Joanne Bate
IDC COO Joanne Bate

Sampling confirms extensive gold at Tati project

By: Sabrina Jardim     6th February 2024 London-listed exploration company Power Metal Resources reports that recent geochemical soil sampling assay results from the Tati gold project, in Botswana, have confirmed the presence of three significant gold-in-soil geochemical anomalies. The results prove further continuity within the... 

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Aurum raises cash for West African gold hunt

By: Creamer Media Reporter      6th February 2024 Exploration company Aurum Resources on Tuesday announced it would raise about A$7-million in an oversubscribed share placement, after receiving firm commitments from institutional and sophisticated investors. In conjunction with the placement, the company will offer placement participants one... 

Earthlab poised for further global growth 

5th February 2024 South African geological consulting company Earthlab is poised to further expand its global footprint through the commercial and technical experience it has accumulated across 23 countries since it started serving the exploration and mining industry in 2012. “Through our solid, proudly South... 

Earthlab poised for further global growth

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Galileo identifies three targets in Botswana for follow-up exploration work

By: Marleny Arnoldi     30th January 2024 London-listed Galileo Resources has defined three potential drill targets with a combined strike length of about 6 km on its PL253 licence in the Kalahari Copper Belt of Botswana. The three targets, which are all located within the southern sector of the licence area, were identified using a... 

Caledonia will soon alter Blanket mine plan to include more resources, reserves

By: Marleny Arnoldi     30th January 2024 NYSE- and Aim-listed Caledonia Mining Corporation has reported more encouraging results from deep level drilling at the Blanket gold mine, in Zimbabwe, which it says validates the continuity of mineralised zones on the Blanket and Eroica orebodies. Caledonia aims to delineate an increased... 

Resource update paves way for Youanmi PFS

By: Creamer Media Reporter      30th January 2024 Western Australia-focused Rox Resources has updated the mineral resource estimate (MRE) of the Youanmi project, confirming it as one of the highest-grade emerging gold projects in Australia. The company on Tuesday said Youanmi had a total resource of 2.3-million ounces at 4.4 g/t gold. 

Extension granted to all Cinovec licences – European Metals

By: Creamer Media Reporter      29th January 2024 Dual-listed European Metals Holdings (EMH) has announced the granting of an extension to all four of its exploration licences at the Cinovec lithium project, in Czech Republic.    These licences cover all three granted preliminary mining permits comprising the project, which is 49% owned by EMH... 

Sandfire exits Bryah JV

By: Mariaan Webb     29th January 2024 Copper exploration and mining company Sandfire Resources will hand back the 80% exploration interest in the Bryah Basin exploration permits, in Western Australia, ASX-listed Alchemy Resources said on Monday. In January 2014, IGO agreed to farm into the Bryah Basin exploration permits held by... 

Nunavut Planning Commission gives green light for Coppermine project

By: Creamer Media Reporter      29th January 2024 The Nunavut Planning Commission has issued approved licences for the Coppermine project, marking a major step in the permitting process, White Cliff Minerals reported on Monday. The ASX-listed company said that it would now be able to appoint contractors for 2024 exploration initiatives and... 

Chiefs of Ontario calls for one-year moratorium on mining claims staking

By: Creamer Media Reporter      29th January 2024 The Chiefs of Ontario have called on the provincial government to impose a 365-day moratorium on the Mining Lands Administration System (MLAS) to stem the tide in mining claims staking. Ontario Regional Chief Glen Hare said in a statement that mining claim-staking had grown at a pace that far... 

Chiefs of Ontario calls for one-year moratorium on mining claims staking

Highland, Kinterra starts drilling on White Pine Copper

By: Marleny Arnoldi     26th January 2024 TSX-V-listed Highland Copper Company has announced that the White Pine Copper joint venture (JV) it has with Kinterra Copper has initiated a drilling programme at the White Pine North project, in Michigan. The drilling is aimed at obtaining material for additional metallurgical and geotechnical... 

Phoenix to raise £2.2m for equipment, working capital

By: Tasneem Bulbulia     26th January 2024 Aim-listed US-focused Phoenix Copper intends to raise about £2.2-million (before expenses) through the issue of new ordinary shares to fund the purchase of mining and processing equipment at a potential substantial discount to new value, and for general working capital purposes, while the company... 

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