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Modern Mining March 2019This issue features coverage of a nice spread of commodities, with articles on the Vametco vanadium operation near Brits, the Liqhobong diamond mine in Lesotho and the Lindi Jumbo graphite project in Tanzania. We also look at the legacy of De Beers’ Voorspoed diamond mine in South Africa’s Free State Province, which has now closed down after 10 years of operations.

Our comprehensive News section includes the latest on two prime mining projects. These are Segilola in Nigeria, which is shaping up to be the country’s first modern, commercial-scale gold mine, and the Khoemacau copper/silver project in Botswana, which – with funding having been secured – is now entering the execution phase.

Comment: Africa’s share of global exploration spend shrinks

A new report from S&P Global on minerals exploration reveals that Africa’s share of global exploration spend is just 13 %, putting the continent into fifth position after Latin America, the ‘Rest of the World’ region (which covers Europe and most of mainland Asia), Canada and Australia. Read more …

DFS on Segilola delivers positive results

Thor Explorations, listed on the TSX-V, has announced positive results for its independent Definitive Feasibility Study (DFS) on the Segilola gold project in Nigeria. The DFS project comprises an open-pit mine and will include the construction of a new 625 000 t/a processing plant. Pre-production capital is estimated at US$87 million. Read more …

Cupric Canyon secures financing for KhoemacauCupric Canyon secures financing for Khoemacau

Khoemacau Copper Mines (Khoemacau) and Cupric Canyon Capital have announced major progress towards the construction of the Khoemacau copper/silver project in Botswana with the signing of a ‘Project Funding Package’ to commence development of the project. The funding will be used for construction of the Khoemacau Starter Project processing ore from a 91 Mt resource at a head grade of 2,02 % copper and 21,4 g/t silver copper. Read more …

Tenova TAKRAF AFRICA ready for projected growth

Richard Späth, TAKRAF Africa’s General Manager – Technologies, says the company is well placed to take advantage of a projected upturn in mining. In the meantime, he says that aftermarket support and spares remain the company’s ‘bread and butter’, with TAKRAF Client Support Services experiencing its best order intake year ever in 2018. Read more …

Bushveld Vametco on an expansion path

Vanadium producer Bushveld Vametco (Vametco), majority owned by AIM-listed Bushveld Minerals, is in the process of implementing a phased expansion strategy which could result in its production capacity increasing to approximately 5 000 t/a of vanadium within the next several years. Since Bushveld took over Vametco, the vanadium price has soared, resulting in the company turning in excellent financial results for 2018. Read more …

Liqhobong Overview 1Poor diamond market challenges Liqhobong

The new Liqhobong mine of Firestone Diamonds in Lesotho seems to be doing everything right, with the performance of the mining and processing operations meeting all expectations. The only problem is that the business case for the mine was predicated on it receiving an average price per carat of US$107 for its diamonds, which is way above the US$75/carat achieved during 2018. Read more …

Voorspoed – leaving a legacy

The Voorspoed diamond mine near Kroonstad in the Free State may have ceased operations but its legacy lives on, as Phillip Barton, CEO of De Beers Consolidated Mines, recently explained to Modern Mining’s Arthur Tassell. Opened in 2008, the mine forged close and enduring ties with local communities, who supplied most of its employees over its 10-year life. Read more …

Letšeng sets new records

The Letšeng diamond mine of LSE-listed Gem Diamonds in Lesotho recovered a record 15 diamonds greater than 100 carats in 2018, including the 910-carat ‘Lesotho Legend’, as well as a record number of diamonds greater than 20 carats. Overall, the mine produced 126 875 carats over the year (compared to 111 811 in 2017), with the average value achieved being an impressive US$2 131 per carat. Read more …

Basil Read LeralaBasil Read Mining keen to extend its African footprint

Despite its parent Basil Read Ltd being in business rescue, Basil Read Mining (BRM) is trading profitability and has a very healthy order book with contracts running not just in South Africa but also Lesotho, Namibia and Botswana. Modern Mining recently spoke to BRM’s Managing Director, Nathan Williams. Read more …

Walkabout enhances the case for Lindi Jumbo

Walkabout Resources has announced the results of the enhanced Definitive Feasibility Study (DFS) for the high-grade Lindi Jumbo graphite project in Tanzania. In the enhanced DFS, the mine life has increased from the 20 years estimated in 2017 to 24 years while the capex has reduced from US$29,7 million to US$27,8 million. Read more …

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