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Hebei Zhongheng Tianda Platinum to Acquire Crocodile River Mine for $50 Million, South Africa
June 30, 2016
Hebei Zhongheng Tianda Platinum Co. Limited (HZT) will acquire Eastern Platinum Limited‘s South African subsidiary, Barplats Mines Limited, which holds the Crocodile River Mine, and associated intercorporate investments and loans, for total consideration of US$50 million payable in cash on
Cancana JV Enters Into Contract to Construct 50,000 Tonne Pilot Processing Plant, Brazil
June 30, 2016
Cancana Resources Corp. and its joint venture partner Ferrometals BV, together Brazil Manganese Corporation (BMC), have engaged engineering and consulting firm Kuttner to construct a 50,000 tonne per year pilot processing plant. BMC has entered into a contract with Kuttner
East Africa Metals Initiates Mine Permitting for Terakimti Oxide Gold Project, Ethiopia
June 30, 2016
East Africa Metals Inc. has initiated the mine permitting process for the Terakimti Oxide Gold Project at the company’s 70 percent owned Harvest Project located in the Tigray region of Ethiopia. The recent metallurgical test work results combined with previously
White Rock Minerals Secures Funding to Advance Mt. Carrington Gold-Silver Project, NSW
June 29, 2016
White Rock Minerals Ltd has signed a term sheet with New York based private equity firm Cartesian Royalty Holdings LLC for a two pronged financing for the Mt Carrington gold-silver project in New South Wales. Under the term sheet, which
Manas Resources to Acquire Victoria Gold Field Project for $4 Million, Tanzania
June 29, 2016
Manas Resources Ltd has signed a binding agreement to acquire the well located Victoria Gold Project in Tanzania for US$2 million cash and US$2 million in shares. The project’s licenses are strategically located near several established gold mines in the
Caravel Minerals Completes Scoping Study for Calingiri Copper Project, Australia
June 29, 2016
Caravel Minerals Ltd has released strong margins from scoping study for future production from the Calingiri Copper Project, forecasting a life of mine after-tax cash surplus of $1.5 billion. The mine would become a low cost (US$1.50 a pound), mid
Seven Mining Workers Freed After Being Kidnapped in Nigeria
June 29, 2016
An Australian mining company says seven of its workers who were kidnapped in south-eastern Nigeria last week have been freed. McMahon Holdings said three Australian workers were released along with a South African national, a New Zealander, and two Nigerians.
Fortuna Silver Mines to Acquire Goldrock Mines and Its Lindero Project in Argentina
June 28, 2016
Fortuna Silver Mines Inc. has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Goldrock Mines Corp. Goldrock’s principal asset is the 100 percent owned Lindero Project located in Salta Province, Argentina. The
Centerra Gold Receives Mine Plan Approval for Its Kumtor Mine, Kyrgyz Republic
June 28, 2016
Centerra Gold Inc. has received mine plan approval for its Kumtor operation, located in the Kyrgyz Republic. The Kyrgyz Republic State Agency for Environmental Protection and Forestry (SAEPF) issued its official environmental expertise (approval) on Kumtor’s 2016 mine plan. Together
Mariana Resources Commences PEA for Its Hot Maden Project Gold-Copper Project, Turkey
June 28, 2016
Mariana Resources Ltd has engaged RungePincockMinarco (RPM) to complete a preliminary economic assessment (PEA) for the Hot Maden gold-copper project. The PEA study is currently scheduled for completion late-Q3/early Q4 2016 and will incorporate the updated mineral resource estimate. “The
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