Mining and Exploration

Since the early 1990s, the use of modern technology and refined models has seen gold exploration in Tanzania grow rapidly, in turn transforming the country into one of the fastest-emerging gold producers in Africa, behind only South Africa and Ghana. Yet despite the relatively recent expansion of the sector, the presence of gold beneath Tanzania has been known about since it was first discovered in the Geita region in the late 1800s.

“Base Resources Limited is pleased to advise the commencement of ore processing through the mining unit and wet concentrator at the Kwale Project. Following two weeks of water commissioning and control logic testing, the first ore from the central dune has now been taken through the dozer trap mining unit and the wet concentrator,” read a company statement.

It is fair to say that until recently Kenya was not generally renowned for being a destination for mining investment. However now, with the world’s eyes focused firmly on Africa as an epicentre for mining activities, Kenya is emerging as a location of particular interest in the wake of developments that have proven that the country does indeed hold significant mineral-based potential.

Located at the eastern end of the prolific Iberian Pyrite Belt in the province of Seville, Spain, Cobre Las Cruces (CLC) is a highly innovative open pit mine and the first industrial installation of its kind to operate within Europe.

Providing direct employment to 800 employees, as well as generating approximately 1,500 indirect jobs, CLC represents a major €840 million industrial investment into an area that also spans the Spanish provinces of Badajoz and Huelva, and extends through the south of Portugal.

The purchase of Devex will work to strengthen Hexagon Geosystems’ market position and technology in the mining sector by complementing its established Leica Geosystems Mining business.

The licence has been granted by the Ethiopian Ministry of Mines following a detailed review by it and other government departments of the Project’s Feasibility Study and Environmental, Social and Health Impacts Assessment (ESHIA), which was approved in May 2013 by the Ethiopian Environmental Protection Authority and Ministry of Mines.

Having been founded under the name of New Millennium Capital Corp, it was in June 2011 that the company changed its name to emphasise its transition towards being a producer of iron ore. With that New Millennium Iron Corp. (NML) came into being.

With a head office located in Calgary, Alberta, and corporate offices in Montreal and St. John’s, NML has evolved over the course of the last decade, growing from being a capital pool company into an emerging producer controlling one of the largest iron ore resources in the world.

The Canadian company Goldcorp Inc acquired the Cerro Negro project in late 2010 through the acquisition of Andean Resources. Cerro Negro is a camp-scale compilation with at least 6 veins – Eureka, Mariana Central, Mariana Norte, San Marcos, Bajo Negro and Vein Zone - already identified and located near surface which allow for development of relatively shallow ramps which will reach depths of 300 metres, on average.