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SRK Consulting News

Gold Fields invests $1.4bn to extend Damang’s life-of-mine

24th October 2016 Gold Fields will invest $1.4-billion to extend the life of its Ghana-based Damang mine from 2017 to 2024. Over the life of the mine, a total of 165-million tons will be mined at Damang, with 32-million tons processed at a grade of 1.65 g/t, resulting in total gold production of 1.56-million ounces. 

Sula raises $400 000 to advance Sierra Leone gold project

13th October 2016 Multicommodity exploration and development company Sula Iron & Gold has raised $400 000 through a subscription for about 304.6-million new ordinary shares of 0.1p each in the company at a price of 0.1p per subscription share. Sula will use the proceeds to advance its Ferensola gold project in... 

Australian Mines makes scandium play

10th October 2016 ASX-listed Australian Mines has increased its scandium footprint through two separate acquisitions. Australian Mines told shareholders on Monday that it had inked an option agreement with fellow-listed Jervois Mining to acquire the Flemington scandium/cobalt project, in New South Wales. 

Stellar, Octea to combine assets into major Sierra Leone diamond development

22nd August 2016 Aim-listed Stellar Diamonds has entered into a potential deal that will see its Tongo kimberlite diamond project, in Sierra Leone, merged with Octea Mining’s adjacent Tonguma kimberlite diamond project to form a single 250 000 ct/y mining operation. The move, which will effectively establish West... 

Clearing environmental hurdles to power supply growth

29th July 2016 Environmental consultant SRK Consulting is developing an enabling framework that will help power projects in South Africa to streamline the process of acquiring environmental approvals, in order to avoid unnecessary delays in implementation. 

Metalicity seeks partner to speed up Admiral Bay as zinc shortage is forecast

28th July 2016 Buoyed by positive results from a scoping study and strong fundamentals for zinc, developer Metalicity will start a prefeasibility study (PFS) for the Admiral Bay project, in Western Australia, and has initiated a process to find a joint venture partner to accelerate the development. The scoping...