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AngloGold Ashanti to Divest South African Assets to Harmony and Heaven-Sent for $300 Million

October 23, 2017

AngloGold Ashanti has signed agreements to sell assets in South Africa to Harmony Gold Mining as well as Chinese investment firm, Heaven-Sent SA Sunshine Investment Company. Under a $300m deal with Harmony Gold, AngloGold agreed to sell its stake in

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Freeport-McMoRan Extends Connected Mine Solution to North and South American Mining Operations

October 20, 2017

Freeport-McMoRan Inc., a premier international natural resources company, has awarded Accenture a five-year agreement to extend the implementation of the Accenture Connected Mine solution and drive greater digital transformation of mining operations. Use of the solution will expand from Freeport-McMoRan’s

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Edenville Energy Completes Construction of Wash at Plant Rukwa Coal Project, Tanzania

October 20, 2017

Edenville Energy, the company developing a coal project in south west Tanzania, has completed construction of the wash plant at the company’s Rukwa Coal Project. The plant is currently undergoing final commissioning and testing, with the goal to be producing

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Peabody’s Wambo Mine Takes First Place at Australian Mines Rescue Competition

October 20, 2017

Peabody’s Wambo Underground Mines Rescue Team has taken first place at the 55th Australian National Mines Rescue Competition, the second time it has earned the national title. Last year the team also earned first place in the First Aid Competition

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Australia Rejects Chief Scientist’s Clean Energy Proposal

October 19, 2017

The Australian government has rejected a Clean Energy Target (CET) recommended by the nation’s chief scientist, opting for a plan focusing on energy security. Prime Minister Malcolm Turnbull said the alternative would still lower emissions and ensure Australia met its

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6 Fatalities in Turkey Coal Mine Collapse

October 19, 2017

A coal mine collapsed in southeast Turkey on Tuesday, killing at least six miners. Rescuers were trying to reach one other mine worker who was still trapped inside. The mine located in the province of Sirnak — bordering Iraq and

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Rio Tinto Accused of Fraud Over $3 Billion Mozambique Coal Mine, Africa

October 19, 2017

One of the world’s biggest mining companies and two of its former top executives are in trouble for allegedly overstating the value of a mine in Africa by billions of dollars. Authorities in the U.S. and the U.K. have accused

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Diamond Miner Alexkor to Invest in Eskom’s Coal Washing Plant, Targets Coal Supply Agreement

October 17, 2017

State-owned diamond miner Alexkor will invest in a coal-washing plant in the Witbank-Middelburg area and use its relationship with Eskom to get a coal-supply agreement, acting CEO Vimal Bansi said in the company’s latest annual report. Alexkor has battled to

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MICC Set to Decide on Open-pit Mining Ban, Philippines

October 17, 2017

The multi-stakeholder Mining Industry Coordinating Council (MICC) will decide next week on the possible lifting of a ban on open-pit mining, a senior Finance department official said. Finance Undersecretary and MICC member Bayani Agabin said a technical panel had already

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Mongolia Coal Exports Cool as China Border Issue Creates Bottleneck

October 17, 2017

Mongolia’s coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In the first nine months of the year, exports earned $1.73 billion, or more than double the same period of 2016,

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