Monthly Mining Project Roundup

Latin America and Africa were the main destinations for new mining projects announced over the past month and companies focussed on precious metal and copper deposits. Africa will remain a centre of mining exploration as improved business environments combine with a multitude of untapped high-grade reserves. Indeed, we expect Chinese and Indian companies t o continue to explore in Africa given political links and the need to plug structural deficits ( see BMI Online, 'Africa: Mining Sector Outlook', July 4 ) .

We have seen a plethora of projects announced in Australia of late, illustrating that the mining boom in the country is far from over. We expect Australia to remain at the forefront of new projects even as China slows down and metals prices weaken ( see: 'Mining Boom Takes A Breather, But It's Not Over Yet', October 15). Australia has one of the best business environments in the world and the presence of substantial high grade mineral reserve will ensure that mining remains profitable even with lower prices. In terms of minerals, gold projects continue to take precedence and this is likely to continue as gold prices remain elevated, averaging US$1,775/tonne in 2013 and US$1,875/tonne in 2014 (see: ' Gold To Average US$1,775/oz In 2013').

Elevated Gold Prices To Sustain Exploration
Projects Announced By Location (LHS) & Mineral
Key Projects Announced In October
Source: BMI, Company Announcements
Country Company Mine Commodity Update
Argentina ECR Minerals El Abra Gold Geochemical sampling completed
Argentina ECR Minerals Sierra de las Minas Gold Drilling update completed, results pending
Australia Sunrise Resources Cue Diamond Mineral chemistry supports commercial potential
Australia Syndicated Metals Yamamilla-Floodbird Copper Fresh intersections of up to 4.6% copper
Australia Metminco Mollacas Copper / Gold Reserves: 79kt of copper and 63koz of gold
Australia Sandfire Resources DeGrussa Copper / Gold First stoping ore mined
Australia Kentor Gold Jervois Copper / Gold / Silver High grade, near surface intercepts; Fast tracks Feasibility Study
Australia Sandfire Resources NL DeGrussa Copper / Gold 78kt sulphide ore with average grade of 4.3% Cu was mined
Botswana Botswana Diamonds Letlhakane Diamond Concentrations of diamond indicator minerals found
Brazil Centaurus Metals Jambreiro Iron ore Key environmental licence issued
Brazil Crusader Borborema Gold Reserves: 1.87moz
Brazil Carpathian Gold RDM Gold Expected production capacity:100kozpa
Burkina Faso Volta Resources Kiaka Gold Intersects 126m @ 1.9g/t uncut gold
Burkina Faso Volta Resources Kiaka Gold Intersects 55.85m at 4.29g/t
Cameroon Afferro Mining Ngoa Iron ore Mineralised zone with 1km strike remains open at depth
Chile Codelco El Teniente Copper Project expansion to 430ktpa
Chile Kingsgate Consolidated Nueva Esperanza Silver Resource upgrade to 17moz
Congo Elemental Minerals Sintoukola Potash 265% resource upgrade to 959mnt
Congo Elemental Minerals Sintoukola Potash 265% resource upgrade to 959mnt
Dominican Republic Unigold Neita Gold Exploration license renewed
Eritrea South Boulder Mines Colluli Potash Resource upgrade to 194mnt
Finland Belvedere Resources Hitura Nickel Converted 3.88kt nickel from indicated resources to probable reserves
Guinea Bellzone Mining Kalia Iron Ore 46mntpa by 2015
Indonesia Pan Asia Corporation Transcoal Minergy Thermal Coal Feasiblity Study delivered; 1.5mntpa over 15 year mine life
Kazakhstan Hambledon Mining Sekisovskoye Gold / Silver 5,875oz of gold and 7,469oz silver
Mexico Cayden Resources Morelos Sur Gold Drilling program commenced
Mexico Silver Bull Resources Sierra Mojada Silver Resource upgrade to 82.6moz
Mexico Great Panther Guanajuato and Topia Silver Production increased to 3,015oz of gold and 371koz of silver
Mongolia Draig Resources Teeg Thermal Coal Drilling intercepts 86 meter thick hard coal seam
Morocco Kasbah Resources Achmmach Tin High grade intercepts; Current resource of 135kt
Peru Cadente Copper Canariaco Copper Community engagement agreement reached
Sierra Leone Sula Iron & Gold 153km2 license Iron Ore / Gold Company has listed on AIM, will begin further exploration shortly
Spain Ormonde Mining Cabeza Gold Trenching returned 21m grading 3.7g/t
Sweden Northland Resources Tapuli Iron ore First blast completed
Tajikistan Kryso Resources Pakrut Gold Resource upgrade to 5moz
Tanzania Resolute Mining Nyakafuru Diamond Reverse circulation and diamond drilling continued
Turkey Ariana Resources plc Kizilcukur Gold / Silver Assay results: 152g/t gold and 1,320g/t silver
United States ECR Minerals plc Copper Flat Copper / Gold / Silver Ongoing feasibility stud
United States Nevada Copper Corp Pumpkin Hollow Copper Positive permitting developments
This article is tagged to:
Sector: Mining
Geography: Global

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