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NEWS Click on text to read news by category: General | Product | People | Worldwide

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

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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

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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

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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

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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

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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

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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.

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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

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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

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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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