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Denison outlines more high-grade mineralisation at Gryphon
Published: 19 Apr 18
Uranium explorer and development company Denison Mines has discovered more high-grade uranium ore 600 m and 1 km to the northeast of the Gryphon uranium deposit, on the company’s 63.3%-owned Wheeler River project, in northern Saskatchewan, the company reported on Wednesday. With the 21 153 m winter drilling programme in hand, comprising 29 diamond drill holes, the exploration campaign was focused on step-out drilling along strike of the Gryphon deposit and to conduct reconnaissance-level regional exploration along the K-North and K-West trends.
Phoenix Global PEA lifts Idaho-based Empire mine output 16% Phoenix Global PEA lifts Idaho-based Empire mine output 16%
Published: 19 Apr 18
A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper cathode production rate of 8 124 t/y from a two-million-tonne-a-year mine, at a cash cost of production of $1.85/lb of copper.
Semafo’s Boungou mine 91% complete
Published: 19 Apr 18
Montreal-based miner Semafo reported on Thursday that construction of the Burkina Faso-based Boungou mine, in Burkina Faso, is 91% complete, and 10% of the equipment has already been commissioned. Commissioning exercises started in February, focusing first on the crushing circuit equipment and water services. The reclaim and grinding circuits, reagent and oxygen plants are also undergoing testing. Wet commissioning started at the end of March, with the corporation pumping water from the water storage facility to the raw water tanks for the processing plant.
B2Gold’s Fekola update continues to demonstrate potential for larger openpit
Published: 19 Apr 18
Gold producer B2Gold has extended mineralisation at its Fekola mine 1 km to the north, with the positive drill results continuing to indicate potential for a larger openpit operation, that could justify a relatively low capital cost plant expansion from 5.5-million tonnes a year to about 7-million tonnes a year. Based on about 10 000 m of diamond drilling completed this year at Fekola North, the mineralisation is about 900 m north of the current resource pit boundary.
Kinder Morgan pipeline expansion investment untenable – CEO
Published: 19 Apr 18
The CEO of Kinder Morgan Steven Kean has conceded that the C$7.4-billion twinning of the existing Kinder Morgan crude oil pipeline between Alberta and British Columbia “may be untenable for a private party to undertake”. He made the comments during the company’s first-quarter conference call on Wednesday afternoon. This follows a suspension of non-essential spending on the Trans Mountain Expansion Project (TMEP) last week, with the company saying it will not put additional capital at risk.
NCPC-SA hosts green chemistry awareness workshop NCPC-SA hosts green chemistry awareness workshop
Published: 19 Apr 18
As part of a global initiative, the National Cleaner Production Centre of South Africa (NCPC-SA), in partnership with the United Nations Industrial Development Organisation and the Center for Green Chemistry and Green Engineering at Yale University, hosted a workshop on green chemistry, in Pretoria, this week.
Shanta reports lower Q1 gold production
Published: 19 Apr 18
Aim-listed Shanta Gold remains on track to achieve its guidance of 82 000 oz to 88 000 oz in 2018 at an all-in sustaining cost (AISC) of between $680/oz and $730/oz, despite the New Luika gold mine, in south-west Tanzania, reporting lower production. Production in the March quarter reduced to 17 663 oz, from 21 288 oz in the December quarter, but was in line with the company's revised mine plan and its full-year production guidance, it said on Thursday.
Asanko mine performs ahead of LoM plan in Q1 Asanko mine performs ahead of LoM plan in Q1
Published: 19 Apr 18
Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold production, grade and mill throughput.
Salga voices concern about impact of possible higher electricity tariffs on municipalities
Published: 19 Apr 18
During public hearings being held to enable the National Energy Regulator of South Africa (Nersa) to determine whether to allow power utility Eskom to recoup R66.6-billion under the Regulatory Clearing Account (RCA) mechanism, the South African Local Government Association (Salga) has expressed concern that further electricity tariff hikes will disadvantage municipalities and communities.
Nigeria plans power tariff overhaul by 2021 to attract investment
Published: 19 Apr 18
Nigeria plans to overhaul its energy tariff system by 2021 to try to attract investment and improve power supply, the vice chairman of the country's electricity regulator said. Only about half of the 190 million people in Africa's most populous country have access to power. The problem has been exacerbated by prices that are capped below what it costs to generate and deliver power.
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