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vssmnn, June 23, 2007 in Gold, FX, Stocks / Diaries & Blogs
Kilo Goldmines: Intersection of 5.80 m Grading 42.24 G/T Gold, in a 700 m Open Ended High Grade Gold Zone
Tiger Resources Announces High Grade Results at Kileba
Loncor Resources Reports Further Drill Intersections at Its Ngayu Project in DRC
Friedland does it again with huge DRC copper project
Mukuba Resources Signs Acquisition Agreement to Consolidate the Cominex Copper Project in the DRC
Tiger Resources awards contract for construction and commissioning of SXEW
IvanPlats - "Africa's largest undeveloped high-grade copper discovery"
Friedland does it again with huge DRC copper project
Very interesting !
It is one to watch
Canadian mining entrepreneur extraordinaire, Robert Friedland, appears to have done it again. Not merely content with his companies finding the Voisey’s Bay nickel mega-deposit in Canada and the giant Oyu Tolgoi copper/gold project in Mongolia, his recently floated Ivanplats company has unearthed what it claims is Africa's and the world's largest undeveloped high-grade copper discovery. The deposit is at Kamoa in the Democratic Republic of Congo (DRC), the location for most of Africa’s major high grade copper deposits.
According to the latest release from Ivanplats, Kamoa's Indicated Mineral Resource has expanded to 739 million tonnes grading 2.67% copper, an increase of 115% since the company’s IPO in October last year. The new resource estimate has stemmed from a new, independent review of drilling results by AMEC E&C Services of Reno, Nevada.
The release goes on to note that the new estimate increases Kamoa's Indicated Mineral Resources to a total of 739 million tonnes of material grading 2.67% copper, containing 43.5 billion pounds (19.7 million tonnes) of copper – more than doubling the previous September 2011 estimate of 348 million tonnes, containing 20.2 billion pounds of copper. Both estimates used a 1% copper cut-off grade and a minimum vertical mining thickness of three metres.
Banro Increases Oxide and Free-milling Ounces of Gold by 45%
Tiger Resources Limited - Updated Presentation
Kibali to create economic value for entire DRC – Bristow
Mawson West Provides Update and 2013 Outlook and Production Guidance
Congo President Demands More Money From Miners
Freeport, Lundin will finance Gecamines' 20% stake in Kokkola cobalt refinery
African Potash to Acquire 70 Interest in SPM Exploration Rights for Lake Dinga
Mining Weekly reported that African Potash is set to acquire an indirect 70% interest in La Societe des Potasses et des Mines (SPM), for exploration rights for potash salts over the Lake Dinga project in the DRC.
Mwana Africa unveils lab test results for Zimbabwe gold mine
The multiplier impact of Randgold’s big Kibali gold mine in DRC
No Security of Supply
Zambia is Africa’s largest copper producer (and wants to directly market its copper), in second place is the DRC. The copper-belt which straddles Zambia’s and the Democratic Republic of the Congo’s borders is being tied up for internal development by the two countries. The DRC and Zambia are amending their mining codes to enable the government to raise taxes and implement a 35-percent minimum ownership threshold for state shareholding in projects.
African miners hedge their bet
Popular unhappiness with the government runs high in the DRC and armed rebellions have taken hold not just in the troubled Kivu provinces and the Ituri district of Orientale Province but also in previously more stable places like northern Katanga.
The copper-and cobalt-producing areas of southern Katanga, however, have remained calmer and are less likely to see significant labour unrest.
Some tin and tantalum mining companies have been mitigating the impact of conflict on their business by implementing Organisation for Economic Co- operation and Development due diligence guidelines on 'conflict minerals,' enabling them to comply with rules stemming from the 2010 Dodd-Frank Act in the US.
The rules require companies to determine whether they are using 'DRC conflict minerals' in their products and report about it to the US Securities and Exchange Commission (SEC).
A law suit launched in late October by the US Chamber of Commerce and National Association of Manufacturers arguing that the rules are too expensive to implement has brought further confusion.
Companies are uncertain whether they should ignore the rules and risk punishment if the law suit fails, or implement them and risk losing market share to less scrupulous competitors
Africa’s technology war
Tiger Resources Announces High-Grade Copper Results at Judeira
PERTH, Western Australia, Feb. 7, 2013 /CNW/ - Tiger Resources Limited (ASX/TSX:TGS, "Tiger") is pleased to announce high-grade copper results from a diamond drilling (DD) programme at Judeira South, which lies within the boundaries of the Company's Kipoi Copper Project mining licence (PE 533) in the Katanga Province of the Democratic Republic of Congo (DRC).
The results will be used to support the preparation of a maiden resource estimate at Judeira South.
Significant intersections from the 11-hole DD programme at Judeira South included:
JUDDD005: 16.5m @ 5.12% Cu (from 45.9m - 62.4m) including 8.9m @ 7.39% (53.5m - 62.4m) and 30.2m @ 2.41% Cu (from 63.9m - 94.1m)
JUDDD006: 44.5m @ 2.28% Cu (from 36.5m - 81.0m) including 5.0m @ 6.28% Cu (from 39.0m - 44.0m)
JUDDD008: 76.2m @ 1.69% Cu (from 89.8m - 166m) including 6.5m @ 5.8% Cu (from 90.8m - 97.3m)
Assay results add further confidence to the continuity and distribution of copper oxide mineralisation across Judeira South.
Tiger plans to use ore from Judeira South for a Stage 2 solvent-extraction electro-winning (SXEW) plant at Kipoi, planned to come on-stream in 2014. The Company is targeting annual production of 50,000t LME Grade A copper metal over a nine-year period (refer ASX announcement 9 January, 2013).
Congo Seeking Fair Deal With Mining Code Review -Official
Tiger Resources ramps up operations in the DRC
ASX:ERN - (Mark Calderwood from Perseus Mining onBoard now!) ERN still got some DRC asstes
ASX:LIN - high risk, greenfield, Deseaster in Philippines project, LIN still got some DRC assets
Perhaps some new DRC activities in future
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