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Outotec to Deliver Lithium Beneficiation Plant for AMG’s Mibra Mine, Brazil
November 22, 2016
Outotec and Advanced Metallurgical Group N.V. (AMG) have agreed on the delivery of a lithium beneficiation plant to AMG’s Mibra mine site in the State of Minas Gerais, Brazil. Outotec’s order value exceeds EUR$35 million. Outotec has been AMG’s partner
Tango Mining Names Mining Contractor for Oena Diamond Mine, South Africa
November 22, 2016
Tango Mining Limited has appointed African Mineral Recovery Solutions CC (AMRS) as contractor to immediately recommence bulk sampling of the Oena diamond mine located in the Northern Cape, South Africa. AMRS will pay a gross income of net diamond sales,
Freeport-McMoRan Completes Sale of Interest in TF Holdings to China Molybdenum for $2.65B, DRC
November 17, 2016
Freeport-McMoRan Inc. has completed the indirect sale of its 70 percent interest in TF Holdings Limited (TFHL) to China Molybdenum Co., Ltd. for $2.65 billion in cash. TFHL is a Bermuda holding company that indirectly owns an 80 percent interest
New Colombia Resources Discovers Huge New Coal Seam at La Tabaquera Mine, Colombia
November 17, 2016
New Colombia Resources, Inc. has discovered a new outcropped coal seam over 3 meters wide while engineers from another company were visiting La Tabaquera to propose a contract to develop some of the assets. The company has an approved work
Lucara Brings in $38.7 Million from Its Stone Tender from Karowe Diamond Mine, Botswana
November 17, 2016
Lucara Diamond Corp. has produced excellent results from its second Exceptional Stone Tender of 2016. This tender of Karowe diamonds consisted of 12 single stone lots. All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US$38.70 million
TerraCom Signs Offtake Agreement with Kingho for Baruun Noyon Uul Coal Mine, Mongolia
November 16, 2016
Australian listed coal company TerraCom Limited, through its Mongolian subsidiary, has executed binding long form definitive agreements with a wholly owned subsidiary of the Kingho Group, one of the largest private coal companies in China, for a 5.5-year offtake of
WellDog, Shaanxi Energy Institute to Jointly Develop Coalbed Methane Fields in China
November 16, 2016
Energy-focused technical services company WellDog and Shaanxi Provincial Institute of Energy Resources and Chemical Engineering (SPIERCE) have signed a letter of intent to jointly develop coalbed methane fields in China. Through a joint venture, the partners will deploy reservoir, production
GoldQuest Files Prefeasibility Study for Romero Project, Dominican Republic
November 15, 2016
GoldQuest Mining Corp. has filed the independent pre-feasibility study (PFS) on its 100 percent owned gold/copper Romero Project in the Dominican Republic. Highlights include: • Internal Rate of Return (IRR): Post-tax 28 percent (Pre-tax 39 percent) • Net Present Value
Hudbay Resumes Operations at Constancia Mine, Peru
November 15, 2016
HudBay Minerals Inc. has resumed operations at its Constancia mine in Peru following the negotiation, with support from the Peruvian government, of a peaceful resolution of the occupation in the open pit. Related news on Mining Connection, November 10, 2016:
China Ramps Up Coal Power Capacity as UN Climate Talks Kick Off
November 11, 2016
China’s government announced plans to increase the country’s coal-fired power capacity by as much as 20 percent over the next four years as United Nations delegates meet in Morocco to implement a major global warming agreement. China’s new five-year plan
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