Business

Mineral resource focused company GoviEx says preliminary economic assessment (PEA) for the expanded Mutanga envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life. According to the PEA the initial capital costs are estimated at US$123 million, with estimated cash operating costs …

Australian company Weatherly has announced that its intentions to acquire Kitumba copper project is being held by the vendor, Intrepid Mines Limited. According to the company one of the items to be resolved ahead of the deal expected to be sealed in February is the shareholder approval which is one of …

GoviEx Uranium has closed private placement expected to continue financing exploration and development activities on the company’s mineral assets. The C$5.385 million private placement financing is to strengthen GoviEx’s principal objective to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in …

British junior miner Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation (Amulet) to purchase Firestone’s BK11 asset until 31 December 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. Amulet is funding the construction and operation of a bulk sampling …

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

GoviEx Uranium has announced encouraging results of a preliminary economic assessment for the Mutanga Uranium Project. Mutanga is GoviEx’s second large-scale, mine-permitted project in Africa postioned for development The project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine …

Authorities are expected to draft a policy compelling mining firms to set up processing plants for finished copper products in Zambia. Christopher Yaluma, the minister of mines says it is unacceptable to continue importing finished copper products, instead of manufacturing from within the country. Yaluma says copper beneficiation will create …

Kwikspace Modular Buildings (Kwikspace), provides quick, reliable and relocatable solutions provided to Zambian mining communities. A leading manufacturer of modular buildings, which has previously completed a number of projects in Zambia, has broadened its operations by opening a branch in Lusaka. Kwikspace’s branch was established to facilitate the workings of …

Bell Equipment has signed an agreement with global excavator specialist – Kobelco Construction Machinery Co. Ltd (Kobelco), for exclusive distribution and support of the company’s excavators in the Southern African region. Stephen Jones, Bell Equipment Group Marketing Director said the partnership should provide both companies with the stability needed to …

Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018. The event’s new organisers – Euromoney said all stakeholders in the sector have been engaged, returning the event to a deal making forum. Alex Grose, Managing Director for Mining Indaba said new …