Rio Tinto Group’s board has signaled its support to develop the Simandou iron ore project in Guinea, the world’s biggest untapped resource of the key steelmaking ingredient.
Talon Metals expands exploration at Minnesota nickel project.
US miner Talon Metals (TSX: TLO) (OTC:TLOFF) said on Wednesday it had brought in three more drill rigs to expand exploration at its Tamarack nickel-copper-cobalt project in Minnesota. Talon already has among its clients electric vehicles (EV)giant Tesla (NASDAQ: TSLA).
South Africa sets $900 million annual mineral exploration target. South Africa, home to the world’s biggest deposits of a number of minerals, has set an annual target of attracting $900 million of mining exploration expenditure annually by 2025.
Steppe Gold completes first pour and gold sale.
Since the resumption of production at its ATO mine in eastern Mongolia, Steppe Gold (TSX: STGO) has now completed its first gold pour and the subsequent sale of the product. The gold pour totalled 1,532 oz., with gross proceeds of $2.93 million.
Seabridge updates resource estimate for Mitchell and East Mitchell deposits. Seabridge Gold (TSX: SEA) (NYSE: SA) has updated the mineral resource for its Mitchell and East Mitchell deposits, incorporating results of drilling completed in 2021. The resource estimates will be used in a new preliminary feasibility study (PFS) on the KSM project, expected in June 2022, which will for the first time incorporate the East Mitchell deposit into KSM’s mine plans.
Tharisa acquires Karo platinum project in Zimbabwe.
Platinum producer Tharisa Plc has acquired a controlling stake in a platinum group metals (PGMs) project in Zimbabwe which will eventually double its output,it said on Thursday.
Copper Fox’s Schaft Creek JV preparing for 5,000m summer drilling. The Schaft Creek joint venture (SCJV) between Copper Fox Metals (TSXV: CUU) and Teck Resources is currently preparing for a planned 5,000-metre summer drill program, as well as completing rock geochemistry analysis to confirm the scope of the 2022 field program.
Zijin invests in Xanadu to ink copper-gold resources in Mongolia. Chinese miner Zijin Mining Group Co Ltd said on Wednesday that it would buy stake in Xanadu Mines Ltd with an eye toward obtaining its copper and gold resources in Mongolia.
Uganda seeks investors to revive copper mine.
Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country’s west that also holds significant cobalt deposits.
The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with the Democratic Republic of the Congo, is estimated by government geologists to contain about four-million tonnes of ore that is 1.98% copper and 0.17% cobalt.
