Conveyor belt slippage, poor traction, poor wear properties, inadequate water shedding and resultant high running costs and lower productivity are the nightmares which plague operators of conveyors. Multotec’s direct bonded ceramic pulley lagging has become the widely accepted solution for mining and industrial operations as a cost effective response to these recurring problems.
Toronto based exploration company Volta Resources, which is focused on West Africa, with properties in Burkina Faso, Mali and Ghana, is fast tracking its flagship Kiaka gold project in Burkina Faso toward a development decision. Volta carried out a 22,000 metre drilling campaign on this project to produce a maiden NI 43-101 resource statement by the end of June 2010.
Recent drilling has confirmed wide gold mineralisation at Kiaka, including higher grade intercepts. The company acquired this advanced gold exploration project from Randgold Resources last year, and this year Volta’s target is to commence a pre-feasibility study for Kiaka. The sale of the project by Randgold to Volta has also resulted in the former investing in Volta, with Randgold holding just short of a 20% stake in the explorer.
Tonkolili project]London, England --- MININGREVIEW.COM --- 13 July 2010 - AIM-listed mineral exploration and development company African Minerals Limited has sealed a second investment deal with a Chinese industrial group for its flagship iron ore project in Sierra Leone.
Announcing this in a statement released here, the company revealed that it was selling a 25% stake in the project to Shandong Iron & Steel for US$1.5 billion (R11.25 billion).
is rising]Accra, Ghana --- MININGREVIEW.COM --- 07 July 2010 - Gold production in Ghana â€’ Africa’s largest producer of the precious metal after South Africa â€’ rose 3.1% to 696 172 ounces during the first quarter of 2010 from a year earlier, according to the country’s Chamber of Mines.
Announcing this in a statement released here, the Chamber did point out, however, that compared with the previous three months, gold output had fallen 8.1%.
A locally designed and manufactured safety system, adapted for open pit mining applications and which could save the mining industry tens of millions of rand, is about to be launched on the South African market.
Plans are already underway to introduce this system, known simply as intelligent safety system, or collision avoidance system, in other parts of sub- Saharan Africa and selected overseas markets as well.
Geosearch, one of Africa’s largest exploration drilling companies, is tackling two expansion projects in South and West Africa, has launched an exciting training initiative in East Africa, and is further involved in another expansion project and training operation in South Africa.
Revealing these developments to Mining Review Africa, CEO Mike Fitzgerald says that while Geosearch has continued operating its head office in Johannesburg and three hubs in Botswana, Tanzania and Mozambique, it is now in the process of establishing its fourth hub in West Africa.
at Shield’s Tijirit
Mauritania]Perth, Australia --- MININGREVIEW.COM --- 01 July 2010 - Gryphon Minerals Limited and Shield Mining Limited have announced that Gryphon intends to acquire 100% of Shield. Following an Implementation Agreement, the two companies have agreed to effect the transaction by way of an off-market takeover bid under which Gryphon will bid for all of the shares on issue in Shield on the basis of one Gryphon share for every three Shield shares.
incline at IAMGOLD’s
Essakane mine in
Burkina Faso]Toronto, Canada --- MININGREVIEW.COM --- 01 July 2010 - Leading mid-tier gold mining company IAMGOLD has announced the start-up of its Essakane gold mine in Burkina Faso, six weeks ahead of the previous production schedule and a full six months ahead of the original target of year-end 2010.