Modern Mining

Ivanhoe Mines, listed on the TSX, has announced that a new step-out hole – drilled 5,4 km west of the present boundary of Kakula’s current inferred resources – intersected a relatively shallow, 16,3-m zone of typical Kakula-style, chalcocite-rich copper mineralisation similar to holes drilled in the centre of the high-grade Kakula deposit. The deposit forms part of the company’s Kamoa-Kakula copper project in the DRC’s Katanga Province.

In an update on its Mowana copper project in Botswana, Alecto Minerals says that LSE-listed Capital Drilling Limited has been awarded the contract for drill and blast and is currently mobilising its equipment to site. In the interim – and using a local contractor – the first production blast is expected by the end of this month.

ASX-listed Universal Coal has reported that its New Clydesdale Colliery (NCC), located approximately 34 km south of eMalahleni in Mpumalanga Province, has supplied its first coal to Eskom.

Canada’s Trevali Mining Corporation, listed on the TSX, has announced that it has entered into definitive agreements with Glencore and certain of its subsidiaries whereby it will acquire a portfolio of zinc assets from Glencore, including an 80 % interest in the Rosh Pinah mine in Namibia, a 90 % interest in the Perkoa mine in Burkina Faso and an effective 39 % interest in the Gergarub project in Namibia. The deal is worth approximately US$400 million.

In his commentary on Northam Platinum’s results for the 2017 financial half-year, Chief Executive Paul Dunne says that the standout feature of the first half of F2017 was the good operating performance at Northam’s Booysendal mine on the Eastern Limb of the Bushveld Complex and the pace at which growth is being achieved.

US-based Cupric Canyon Capital (Cupric) has announced that its wholly owned subsidiary, Khoemacau Copper Mining Pty Limited (KCM), has entered into a US$50 million, term loan facility agreement with Red Kite Mine Finance to provide funding for KCM’s Khoemacau copper-silver project in Botswana.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

 
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