Mining and Exploration

The Dominican Republic is enjoying a period of investment in infrastructure and mining activities. Executive director Alejandro Gil tells Martin Ashcroft how Geocivil is growing along with it.

The Dominican Republic is attracting a great deal of attention at the moment, not least for the gold discoveries made by various mining operations, including Barrick Gold’s Pueblo Viejo.

While governments struggle to prop up their currencies in a recession, producers of precious metals see nothing but upside. Endeavour Silver Corp. has a business model tailored to the times, as Godfrey Walton explains.

Engineering specialist BESTECH has been named in Queen’s University’s School of Business annual list of the 50 Best Small & Medium Employers in Canada for 2012.

With offices in Sudbury, Timmins, and Toronto, Ontario, BESTECH specializes in engineering, automation, software development and environmental monitoring to assist companies in the mining, pulp and paper, forestry, oil and gas, manufacturing and other industries enhance their productivity, profitability and safety.

African Minerals has received notification from China’s Shandong Iron and Steel Group that the relevant approval has now been received regarding its proposed $1.5 billion investment in African Minerals’ Tonkolili iron ore project.

The approval came from the China National Development and Reform Committee (NDRC), and African Minerals is expecting the remaining government approvals to follow shortly. The closure date for the transaction has now been extended until the end of March 2012.

AIM-listed oil and gas exploration and development company Europa Oil & Gas has announced a significant improvement in UK production and revenues generated during the six month period ending 31 January 2012.

The company has a combination of producing and exploration assets in Europe, including three producing assets in the UK, all located onshore in the East Midlands. It has a 100 per cent working interest in the West Firsby and Crosby Warren fields and a 65 per cent working interest in the Whisby 4 well.

Alan Swaby talks to the CEO of a platinum mining project in the final phase of exploration waiting to hear exactly how deep he will have to go.

They say that one man’s meat is another man’s poison. In the case of Village Main Reef Limited, the saying would fit better the other way around; but it still portrays the company’s business model of finding projects that others no longer want and turning them around into profitable, saleable assets.

Commodities trader Glencore and mining giant Xstrata have confirmed they will merge to create a major natural resources group with a combined equity market value of $90 billion.

The companies said that to combine was the logical next step in a changing industry environment.

The combined entity will have production growth of 11 per cent on a compound annual basis to 2015, with positions in the next major regions for mining investment, including the African copper-belt, Kazakhstan and South America.

Tullow Oil has signed two new production sharing agreements (PSAs) with the government of Uganda, paving the way for completion of its asset sale to France’s Total and China’s CNOOC.

The new PSAs cover the EA-1 and Kanywataba licences in the Lake Albert Rift Basin. Tullow has also been awarded the production licence for the Kingfisher field, which is estimated to hold around 300 million barrels of oil.

Yesterday’s announcement that Xstrata and Glencore were indeed talking to each other about a possible “merger of equals” has hit the fan, and stirred up a storm of comment around the world.

Everybody who’s anybody in world media has been saying today that this is the worst kept mining M&A secret of recent times, and they all have their own angle on it.

The name “Glenstrata” has been coined by someone (I know not by whom, but I offer my congratulations) as a name for the potential merged company.