Victoria Gold cuts guidance after first quarter of production

Uakitite is associated with sulfides, schreibersite and magnetite.

The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.

The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years.

As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island.

Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.

A “scoping report” based on 175,000 comments will be published in August 2018.

Believed to be the UK's largest.