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Sojitz Coal Mining Gets Green Light to Develop Meteor Downs South Project, Queensland

August 16, 2017

Another coal mine in central Queensland has been given the green light. Natural Resources and Mines Minister Anthony Lynham said the Meteor Downs South project had been given the go ahead by Sojitz Coal Mining and U&D Mining. It follows

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Firesteel Resources Signs $20.6 Million LOI to Acquire Laiva Mine Gold Property, Finland

August 16, 2017

Firesteel Resources has signed a letter of intent with Pandion Mine Finance, LP for a financing of US$20.6 million via a prepaid forward gold purchase agreement. Proceeds will be used for the acquisition of up to 60 percent of the

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Poland’s Largest Power Generator PGE Expects Coal Prices to Rise Next Year

August 15, 2017

Poland’s biggest power producer PGE expects coal prices to rise next year due to declining supplies, the company’s Chief Financial Officer Emil Wojtowicz said on Wednesday. State-run PGE generates most of its electricity from lignite and thermal coal. It produces

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Man Sentenced to Seven Years After $9.5 Million Liberian Gold and Diamond Mine Scam

August 14, 2017

A Liberian national named Cassell Anthony Kuoh — alias Tim Borrol — was sentenced to more than seven years in prison this week in connection with a multimillion-dollar investment scheme involving gold and diamonds. Kouh, who has a home in

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Sedgman Awarded Tailings Dewatering Contract at Stanwell’s Meandu Mine Coal Prep Plant, Queensland

August 11, 2017

Sedgman, CIMIC Group’s mineral processing company, has secured an Engineering Procurement and Construction contract with revenue of $6 million with Stanwell Corporation to provide a tailings dewatering facility at the Meandu Mine coal handling and preparation plant in the South

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Abraplata Engages Consultants for PEA at Diablillos Ag-Au Project, Argentina

August 11, 2017

AbraPlata Resource Corp has engaged Roscoe Postle Associates (RPA) of Toronto, Canada and GR Engineering Services Limited (GRES) of Perth, Australia to undertake a preliminary economic assessment (PEA) of the Diablillos Ag-Au project located in southern Salta Province in northwestern

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Wealth Minerals Signs Agreement to Acquire Interest in Seven Salars Lithium Project, Chile

August 9, 2017

Wealth Minerals Ltd. has executed a binding letter agreement, whereby Wealth or a Chilean subsidiary of Wealth has been granted the option and right to acquire 49 percent of the issued and outstanding shares of San Antonio Sociedad Contractual Minera

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Orezone Gold’s Subsidiary Acquires Bondi Gold Project in Burkina Faso, West Africa

August 9, 2017

Orezone Gold Corporation said that the Ministry of Mines and Quarries in Burkina Faso, West Africa has issued and Sarama has paid the invoice for the transfer of the Bondi Gold Project (Djarkadougou exploration permit) from Orezone’s subsidiary company to

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Electric Car Boom Drives Rush to Lithium Mining’s $90 Billion Hub

August 8, 2017

A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90 billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and

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Five Fatalities After Gas Explosion at Coal Mine in Pakistani

August 8, 2017

Rescue officials on Monday found the body of five miners, including two brothers, who were trapped in a coalmine near the capital of Azad Jammu and Kashmir (AJK) after a gas explosion led to the collapse of mine stopes on

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