Archives: Mineral exploration

The dearth of major new mineral discoveries in Australia and the resource sector’s struggle with identifying potential commercial ore bodies at depth, could in part be eased if it adopted much larger scale EM (electromagnetic) surveys. Addressing the Paydirt 2018 Australian Nickel Conference in Perth today, Brisbane-based Gap Geophysics Australia’s Chief Geophysicist, Dr Malcolm Cattach,[…]

Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has agreed to acquire Fordia Group Inc, the Canadian manufacturer of exploration drilling tools. Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods[…]

Australia-based Qteq and Wireline Services Group (WSG) have agreed to join forces as they look to build a bigger domestic and overseas base in the georesources sector. The merger, one of five corporate M&A transactions by Qteq in 2018, alone, signals an influx of innovative borehole measurement sensors and systems backed by two of the[…]

Newcrest Mining has signed a collaboration agreement with Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, to create an Innovation and Digital Operations Centre (IDOC) in India. The IDOC will leverage TCS’ global research and innovation networks to explore opportunities to improve activities across Newcrest’s business including ore processing,[…]

The commissioning phase has commenced at Lucapa Diamond Co’s second high-quality diamond mine, the 1.1 Mt/y Mothae kimberlite project in Lesotho. First commercial diamond recoveries from Mothae should be in early November. Already some 4,100 ct of diamonds have been recovered from pre-production bulk sampling by Lucapa, including Specials of up to 89 ct. The[…]

Newrange Gold Corp has closed a $900,600.00 non-brokered private placement. Proceeds will be used to advance the company’s high-grade Pamlico gold project in Nevada and for general and working capital. Newrange is an exploration and development company focused on near to intermediate term production opportunities in favourable jurisdictions including Nevada, and Colombia. With numerous drill[…]

IAMGOLD Corp has provided results from its 2018 drilling program at the Diakha deposit on its wholly owned Siribaya project in Western Mali.  In 2018, the Company completed a combined diamond and Reverse Circulation (RC) drilling program designed to infill and increase confidence in the current resource as well as target expansions of the Diakha[…]

In the third quarter 2018 MMG Ltd produced 121,926 t of copper and 57,595 t of zinc in the three months to 30 September. “The Dugald River ramp up continues to track ahead of schedule, with mining and milling rates at 100% and 112% of nameplate capacity during the third quarter,” CEO Geoffrey Gao said.[…]

Explorer Vector Resources has locked in a $49 million funding deal as it moves to acquire a 60% stake in the 3.2 Moz Adidi-Kanga gold project in Ituri Province in the DRC. The funding, from Dubai-based “diversified conglomerate” Fast Telecom (FT) follows a $28 million debt facility with Medea Future Materials Fund announced in September.[…]

The global mineral resources industry has been told to pick up its pace in coping with commodity price and supply cycles and take some strategic lessons in “how to manage boom and busts” from other global industry peers. McKinsey & Company Partner, Prabhav Sharma, told the Australian Geoscience Council convention in Adelaide today that mining[…]