Phase 2 drilling under way at American Lithium’s Nevada projects

Phase 2 sonic drilling on three discrete lithium brine targets is now under way at TSX-V-listed American Lithium’s Fish Lake Valley South Playa and Clayton Valley 1 projects, located in Esmeralda... 

2016 engineering awards offer glimpse into South African profession’s excellence

Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South... 

How the R1.5bn cartel settlement came to be

The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal... 

NWU to take on international competition at Sasol Solar Challenge

Various improvements, including the exclusive use of include German-made Gochermann solar panels, have been made to the North-West University (NWU) solar car team’s Sirius X25 enabling the... 

Victoria premier moves to ban unconventional gas development in the state

Spearheaded by Victoria state premier David Andrews, the Labour government on Tuesday put forward a permanent ban on the exploration and development of all onshore unconventional gas in the state,... 

Panoramic suffers severe loss amid plummeting nickel price

Nickel-focused Panoramic Resources’ 2016 financial year results have been severely impacted by the falling nickel price, which reached a decade low in February, pushing the company into an... 

Carbine increases Jorc resources at Mount Morgan by 215%

A 215% increase in the Joint Ore Reserves Committee resources at the Queensland-based Mount Morgan gold-copper tailings project to 850 000 oz highlights the potential to increase the project’s mine... 

Atlas trucking contractor McAleese appointed a voluntary administrator

ASX-listed iron-ore miner Atlas Iron said on Monday that its main trucking contractor, McAleese Group, had been appointed a voluntary administrator. Atlas advised that trucking of ore from its... 

Rio Tinto issued with $50 000 fine for illegal dismissal

Diversified mining major Rio Tinto faces a $50 000 penalty, issued by an Australian Federal Court judge, for victimising and illegally dismissing a Hail Creek coal miner, who injured his neck while... 

South32’s local coal expansion projects progressing to feasibility stage

While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy... 

South32 to pay inaugural dividend despite significant revenue drop

Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting... 

Gold price could appreciate once growth in Asia recovers – investment firm

Asia’s seemingly imminent economic recovery could spark an increase in gold prices, according to investment management firm Allan Gray portfolio manager Sandy McGregor, who connects the gold price... 

CompComm approves AMSA’s R1.5bn settlement proposal

The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal... 

2016 engineering awards offer glimpse into South African profession's excellence

Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South... 

Outa investigating possibility of class action against Eskom

The Organisation Undoing Tax Abuse (Outa) will be engaging with various experts to assess the viability of a class action law suit against State-owned Eskom, on behalf of the public, to recoup... 

Insurance settlement boosts Mount Gibson FY net profit

Despite significantly lower iron-ore prices and challenging market conditions in the 2015/16 financial year, Western Australian iron-ore miner Mount Gibson has returned to profitability. CEO Jim... 

Axiom retracts PFS announcement

The Australian Stock Exchange (ASX) has requested metals developer Axiom Mining to retract its prefeasibility study (PFS) announcement, published last week, as it does not own the Kolosori... 

Vital raises A$1m to step up activities in West Africa, Australia

ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project,... 

Customers to 'pay premium' for Isabel nickel, according to Axiom PFS

The prefeasibility study (PFS) of ASX-listed metals developer Axiom Mining’s Isabel nickel project, in the Solomon Islands has indicated that the deposit will be able to produce a consistent... 

Drilling campaign under way at Metallica’s Urquhart project

A key mine plan drilling campaign is under way at ASX-listed bauxite developer Metallica Minerals’ Urquhart bauxite project, near Weipa, in north Queensland, to assist with the company’s final... 

Anova raises $7.1m to fast-track exploration at Big Springs

ASX-listed gold explorer Anova Metals has raised $7.1-million to fast-track large-scale exploration and mining development at its Nevada-based Big Springs project, in the US, where the company is... 

AMR makes move to acquire Kasbah Resources

The board of ASX-listed Kasbah Resources has unanimously recommended that all shareholders vote in favour of TSX-V-listed Asian Mineral Resources’ (AMR) intention to acquire the Australian miner.... 

African youth need to be vested in the future of their countries – US Bureau of African Affairs

With 70% of Africans under the age of 25, it is imperative for African youth to be engaged in communities and vested in the future of their respective countries, according to US Bureau of African... 

Wealth Minerals looks to acquire 144 exploration concessions in Atacama Salar

Multilisted mineral resources company Wealth Minerals on Thursday announced that it intends to acquire a 100% royalty-free interest in 144 exploration concessions in Antofagasta’s Atacama Salar in... 

Peregrine completes drilling programme at Botswana-based mine

TSX-listed diamond explorer Peregrine Diamonds has completed core drilling on three kimberlite and two exploration targets at its 100%-owned Sikwane project, in south-eastern Botswana’s Kgatleng’s... 

Bacanora announces passing of company chairperson

Aim- and TSX-V-listed lithium and borates company Bacanora Minerals on Thursday reported that the company’s chairperson and nonexecutive director, Colin Orr-Ewing, had passed away following a short... 

Osisko reports 133% cash flow increase in Q2, sees record revenues, gold ounces earned

Precious metals royalty company Osisko Gold Royalties has seen a 133% year-on-year increase in cash flows from operating activities, reporting $15-million in cash flow achieved in the three months... 

Iata inks MoU with African Union Commission

The International Air Transport Association (Iata) has signed a memorandum of understanding (MoU) with the African Union (AU) Commission to expand strategic cooperation and further the continent’s... 

Eskom commits R155m to R&D partnership with six universities

Eskom will next week sign Phase 2 of the Eskom Power Plant Engineering Institute (EPPEI) funding agreement, which will see the State power utility committing R155-million to execute and enhance... 

DRA investment partner funds PFS of Peninsula’s Karoo projects

ASX-listed uranium miner Peninsula Energy will issue about 977 000 fully paid shares to project management company DRA Global’s independent investment partner, Concentrate Capital Partners (CCP),... 

Metals X raises A$100.6m, intends to demerge gold assets

Diversified junior Metals X has completed an institutional placement to raise A$100.6-million – and is undertaking a share purchase plan of up to A$15-million – to fast-track the development of... 

Land Bank division unveils South Africa’s first black crop insurance brokers

The Land Bank Insurance Company (LBIC), a division of the Land Bank, which provides financial services to the commercial farming and agribusiness sector, has unveiled the first batch of fully... 

Wealth Minerals looks to acquire additional exploration concessions in Chile salt region

Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the... 

Fortuna completes acquisition of Goldrock Mines

TSX-V-listed Goldrock Mines is now a wholly owned subsidiary of TSX- and NYSE-listed Fortuna Silver, which on Thursday announced the completion of its previously announced acquisition. Pursuant to... 

Centerra revises 2016 forecast amid half-year gold production, sales decreases

Canadian gold miner Centerra Gold has seen a 36% decrease in gold ounces sold in the first half of 2016, with recorded net earnings of $21.1-million, or $0.09 a common share, for the period under... 

Sherritt’s second-quarter net loss per share widens by 119%

As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net... 

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under... 

Anglo Pacific’s H1 sales beat previously guided range by about 20%

Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving... 

Asanko delivers strong second quarter in first production phase

TSX-listed midtier gold miner Asanko Gold’s eponymous mine, in Ghana, West Africa, delivered a strong second quarter in the three months to June 30, achieving commercial production a quarter ahead... 

Development activities under way at Lithium X’s Sal de los Angeles project

Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO...