More news from Iran in latest International Mining Project News

first_imgMoving into February 2016 the latest issue of IM Project News is being sent out shortly. Once again it has project updates from pre-feasibility through to development and expansion covering at almost 50 pages – contact [email protected] if you wish to know more. Some of the news so far includes the following – with much more detail on each in the issue.Ivanhoe Mines’ exploration team has made a major new copper discovery at the Kamoa project in the Democratic Republic of Congo, 5 km southwest of Kamoa’s currently defined resources. The final two drill holes in the 2015 exploration program rank among the highest grade-thickness intersections drilled to date within the Kamoa Mining Licence area. The Kakula Discovery represents a major extension of the Kamoa copper deposit, which the company discovered in 2008. The Kamoa copper project is a joint venture between Ivanhoe Mines and Sijin Mining.Canadian Zinc Corp provides an update on its collaboration project with Buchans Minerals Corp, a wholly owned subsidiary of Minco in which the companies have agreed to jointly undertake a research program aimed at investigating the viability of developing their respective central Newfoundland Zn-Pb-Cu-Ag-Au deposits through a central milling facility. The objective of the research program is to determine the technical and economic viability of developing the companies’ key deposits into producing operations by using a central milling facility.Galane Gold has filed a NI 43-101 technical report for its Galaxy gold mine located in the Mpumalanga Province of South Africa. The mine is owned by Galaxy Gold Reefs, a wholly-owned subsidiary of Galaxy Gold Mining. The company acquired a 74% ownership interest in Galaxy pursuant to a share purchase transaction in November 2015 and will be making an offer to the remaining shareholders of Galaxy to acquire their shares of Galaxy on economically equivalent terms. The Technical Report was prepared by Minxcon and satisfies the requirements to be a prefeasibility study.Lundin Gold has successfully completed the negotiation of the definitive form of the Exploitation Agreement for the Fruta del Norte project, its flagship gold project in Ecuador. It has been negotiating the terms and conditions of the Exploitation Agreement for the Fruta del Norte (FDN) project with the Government of Ecuador over the past six months. The Exploitation Agreement, combined with existing laws and regulations, establishes the fiscal terms and conditions for the development of FDN and its completion marks a key milestone in the project plan.Danakali (DNK) has completed the definitive feasibility study (DFS) for the Colluli sulphate of potash (SOP) project in Eritrea. The DFS follows the prefeasibility study completed in March 2015. The Colluli project is 100%-owned by Colluli Mining Share Co (CMSC), a 50:50 joint venture (JV) between DNK and Eritrean National Mining Corp (ENAMCO). Preliminary funding discussions are now underway with offtakers, strategic partners and financiers.Hummingbird Resources plc has announced the results of a Desktop Study on the Gonka deposit, located 5km south of the proposed Yanfolila Gold Project plant in Mali, prepared for the Company by DRA Projects.  Gonka is not currently included in the Yanfolila Definitive Feasibility Study (DFS) and the results of the Study demonstrate the potential to significantly increase the NPV and mine life of the project.A cooperation agreement for construction of a new copper concentrator plant has been signed among National Iranian Copper Industries Co (NICICO), Middle East Mineral Industries and Mines Development Holding Co (MIDHCO), Mahan Industries and Mines Development Corp and Mofid Economic Group. According to the agreement, the private sector, with a share of 65%, will finalise the plant construction project in Chah Firouzeh, in southeast Iran.Havilah Resources has agreed on an accelerated mining plan with its partner Consolidated Mining and Civil Pty (CMC) for the Portia gold mine near Broken Hill in South Australia. CMC is now implementing this revised mine plan and estimates that it will take approximately two months to remove the now considerably reduced volume of overburden to access first ore, amounting to about 600,000 m3. On this basis first gold ore could now be delivered on the surface by early April, some three months ahead of schedule.last_img read more

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