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Attracting finance for exploration and mining ventures is a critical part of the resource business environment today, and there are a number of finance options available, including accessing private equity.
With the increase in the number of non-listed (private) companies and individuals seeking to obtain financial assistance, it is important to appreciate that issues of public reporting are not confined to listed companies only.  Under all circumstances, if Exploration Results, Mineral Resources and/or Mineral Reserves are reported publically (as defined in the SAMREC Code of 2016), and if said report is claimed to have been compiled in accordance with any of the SAMREC, SAMVAL or SAMOG Codes, then the report and the author are subject to the minimum standards and requirements of the relevant Code as well as the complaints procedure of the SAMCODE Standards Committee (SSC). Please see http://www.samcode.co.za/

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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Endeavour discovers new mineralised zones at Houndé
    TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil geochemical anomaly covering a 6-km-long by 2.5-km-wide area.
  • Sierra Leone president to push review of mining law, contracts
    Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating 2014-16 Ebola epidemic that killed thousands, is the latest nation to take a hard line against mining companies in an attempt to ensure a larger share of revenues.
  • Steenkampskraal BFS to be finalised in 6 to 12 months
    A bankable feasibility study (BFS) on the Steenkampskraal rare earths mine, in the Western Cape, will be concluded in the next 6 to 12 months, says Steenkampskraal Holdings chairperson Trevor Blench. The mine is one of the highest-grade rare earth and thorium mines in the world, with average grades of 14.4% rare earths and 2.14% thorium.