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Platinum

Significant PGM prospects at Burundi project

PLATINUM PRESENCE Musongati has a significant concentration of platinum-group metals, with an indicated total of 394 parts per billion (ppb) of platinum and 778 ppb of palladium  Having been granted a mining licence in May to exploit the Musongati deposit, in Burundi’s Rutana province, exploration and development company Burundi Mining Metallurgy (BMM) – which is 91% owned by international investment corporation Kermas...
22nd August 2014
 
COAL

Early DFS results positive for Rukwa

The initial results of a definitive feasibility study (DFS) for the Rukwa coal-to-power project bode well for a successful outcome, Johannesburg- and London-listed Kibo Mining said on Thursday. The early DFS outcomes were providing valuable...
21st August 2014
 
OIL & GAS

Woodside reports record profits in H1

Oil and gas producer Woodside Petroleum has reported record half-year after-tax net profit for the six months ended June, underpinned by record production and record operating revenue. ASX-listed Woodside on Wednesday reported that after-tax net...
20th August 2014
 
GRAPHITE

Epanko scoping study proves positive, says Tanzania-focused Kibaran

An updated scoping study of ASX-listed Kibaran Resources’ Epanko graphite project, in Tanzania, had revealed that the project could have a net present value of A$213-million. The scoping study was based on an opencut operation delivering a...
18th August 2014
 
Base Metals

Base metals explorer to increase Tanzania nickel deposit

MINING OPERATION
IMX Resources aims to increase nickel sulphide deposit at Ntaka Hill 
Base metals exploration company IMX Resources is aiming to increase the current nickel sulphide deposit and establish a world-class nickel project at its Ntaka Hill nickel sulphide project, in south-east Tanzania, through the ongoing Nachingwea...
15th August 2014
 
EXPLORATION

Kibaran piles on the resource at Epanko

Junior explorer Kibaran Resources has increased the indicated and inferred resource at its Epanko graphite project, in Tanzania, to 22.7-million tonnes of inferred resource, grading 9.8% total graphitic carbon, for 2.22-million tonnes of contained...
12th August 2014
 
URANIUM

Uranium One's Q2 output lower, cuts FY guidance

Canadian Uranium producer Uranium One has reported a drop in uranium output to 2.7-million pounds for the second quarter, ended June 30, down from 3.6-million pounds in the comparable period last year. The Toronto-headquartered company, with a...
11th August 2014
 
OIL & GAS

Woodside expands African footprint with Gabon contract

Australian oil and gas producer Woodside has acquired a 40% interest in an exploration sharing contract with Noble Energy, in the Gabon coastal basin. The company said on Monday that the block is located some 140 km off the south-western coast of...
11th August 2014
 
CORPORATE ACTIVITY

Richland, Kibaran extend graphite JV exclusivity period

The exclusivity period granted to ASX-listed Kibaran Resources for the consolidation and development into a joint venture (JV) of its graphite assets with TanzaniteOne Mining’s assets in Northern Tanzania has been extended for another six...
8th August 2014
 
ENERGY & MINING

Power generation now a ‘major focus’ for mines as fuel costs soar

Owing to the increasing cost of conventional fuels in the mining industry such as diesel, power generation is becoming a major focus for mining companies, says renewable-energy solutions company MCD director Manuel Duggal. MCD recently designed...
8th August 2014
 
Corporate Profile

Zest WEG Group

The Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, is a South African company with a strong commitment to the development of the African region. Zest WEG is a leading supplier of low-, medium- and...
8th August 2014
 
RENEWABLE ENERGY

JV to look for renewables, energy efficiency opportunities for African mines

Infrastructure solutions company Akhani Group signed a joint venture with South African energy management services company Energy Cybernetics in May to identify renewable-energy and energy efficiency opportunities for mining companies in...
1st August 2014
 
 
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