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Yancoal to Acquire Mitsubishi’s Stake in Warkworth Joint Venture for $230 Million, Australia

November 17, 2017

China-backed Yancoal Australia will boost its position in eastern Australia’s Hunter Valley coal mining hub by acquiring a near-29 percent stake in the Warkworth joint venture for $230 million. On Wednesday, Yancoal said it had exercised a call option to

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Avesoro Resources to Acquire Youga and Balogo Gold Mines for $695 Million, Burkina Faso

November 17, 2017

Avesoro Resources Inc. has entered into a conditional agreement to acquire the Youga Gold Mine and Balogo Gold Mine assets in Burkina Faso through the acquisition of the entire issued share capital of MNG Gold Burkina SARL, Cayman Burkina Mines

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Azumah Resources Receives Approval for $17 Million Earn-in Agreement at Wa Gold Project, Ghana

November 17, 2017

Azumah Resources has received consent from the Ghana Minister of Lands and Natural Resources for its $17 million earn-in agreement at the Wa Gold Project in Ghana. The funding earn-in agreement is with Perth-based Ibaera Capital Fund who can earn

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Police Officer Killed in Attack at Freeport-McMoRan Mine, Indonesia

November 16, 2017

Gunmen fatally shot an Indonesian police officer on Wednesday in the latest suspected attack by separatists near a giant gold and copper mine in easternmost Papua. Another officer was wounded in the attack on a patrol near the mine owned

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Lucara Diamond Corp. Completes PEA for Karowe Underground Mine, Botswana

November 15, 2017

Lucara Diamond Corp. has completed the preliminary economic assessment (PEA) prepared in accordance with National Instrument 43-101 for the development of an underground mine to commence production, after the completion of the current open pit mine, at its Karowe Mine

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Rio Tinto Looks for Buyers for Its Mines as It Backtracks from Coal

November 15, 2017

Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily

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First Bauxite Receives Approval to Commence Construction at Its Bonasika Project, Guyana

November 15, 2017

First Bauxite Corporation has received formal notification from the Guyana Geology and Mines Commission (GGMC) that its request for an extension to commence construction under its mining license for the Bonasika Project has been approved. The company had earlier received

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Death Toll Rises to 43 in Wake of Coal Blast at NTPC’s Feroze Gandhi Power Plant, India

November 13, 2017

Officials in India say the the death toll from the November 1 explosion at an NTPC thermal plant in Unchahar has risen to 43, with seven more deaths reported in the past week. Dozens of workers at the plant were

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Grange Resources Takes First Place at Tasmanian Minerals Emergency Response Competition, Queenstown

November 9, 2017

Grange Resources has taken out the 30th annual Tasmanian Minerals Emergency Response Competition at Queenstown over the weekend. Grange Resources won event ahead of MMG Rosebery in second and TMERC Combined team received third. TMERC committee chair Ben Maynard of

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Stratbase ADR Institute: Moving on from Ban on Open-pit Mining in Philippines

November 7, 2017

The Mining Industry Coordinating Council, co-chaired by the finance and environment secretaries, recently voted to overturn the ban on open-pit mining through Department Administrative Order No. 2017-10. The order, which specifically stopped open-pit mining only for copper, gold, silver and

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