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Newmont to Sell Stake in KCGM Gold Asset to Northern Star for $800 Million, Australia
December 19, 2019
Newmont is set to quit the Kalgoorlie Consolidated Gold Mines (KCGM) joint venture in Australia by selling its 50 percent stake in the gold asset to Australian gold producer Northern Star Resources for $800 million. KCGM is the management company
Mining Research Center to Help Australia Master Emerging Technologies
December 19, 2019
Funding for a new national mining research and training center in Australia has opened up a “unique opportunity” for the country to “master” emerging technology in the industry, says a professor. The facility, named as the Australian Research Council Industrial
Eskom Power Shutdown Rattles South African Mining Operations
December 19, 2019
Several South African gold and PGM mining companies were affected by power cuts Monday enacted by state power utility Eskom. Power supply shortfalls at South African state utility Eskom, which supplies over 95 percent of the country’s electricity, left the
Centerra Gold Commences Crushing and Stacking Ore at Öksüt Project, Turkey
December 18, 2019
Centerra Gold said the Öksüt Project, in Turkey has commenced crushing stockpiled ore and stacking of crushed ore on the heap leach pad following receipt of normal course approvals from the Turkish Ministry of Environment and Urbanization. The Öksüt Project
Lundin Gold Inaugurates Fruta del Norte Project and Produces of First Gold, Ecuador
December 18, 2019
Lundin Gold Inc. held the inauguration ceremony of its Fruta del Norte gold project in Ecuador. The event was attended by Ecuadorian national, provincial, and local government authorities, representatives of the Canadian embassy, major shareholders, project finance lenders, community representatives,
Tungsten West Plans Restart of Drakelands Mine Near Plymouth, England
December 17, 2019
About 200 jobs could be created if the new owner of Plymouth’s tungsten mine reopens it — with some former staff already working at the site. Tungsten West Ltd has bought the Drakelands mine, at Hemerdon, near Plympton, for £2.8
Jindal Steel Starts New Met Coke Oven at Angul Plant, Chattisgarh
December 17, 2019
Indian steel producer Jindal Steel and Power (JSPL) has commissioned the fourth coke battery at its Angul steel plant, covering the plant’s metallurgical coke requirements. The new coke oven has four batteries, each of which has 45,000 t/month of capacity,
Drummond Ordered to Halt CBM Gas Production Under Temporary Ruling, Colombia
December 17, 2019
Colombia’s high administrative court ordered coal miner Drummond to halt coal bed methane (CBM) gas production. The temporary ruling tasks the mines and energy ministry and hydrocarbons regulator ANH to enforce the suspension of CBM production at the Caporo field,
Shanta Returns High Grade Gold in Exploration Drilling at New Luika Mine, Tanzania
December 17, 2019
Shanta Gold Ltd has revealed results from its latest round of exploration drilling at the producing New Luika Gold Mine in South Western Tanzania. A total of 66 reverse circulation and diamond core holes were drilled, amounting to over 7,410
Teranga Gold to Acquire Barrick’s Massawa Project for $430 Million
December 16, 2019
Canada-based mining company Barrick Gold and its Senegalese joint venture partner have signed an agreement to offload a 90 percent stake in the Massawa project to Teranga Gold in Senegal for up to $430 million. Massawa is one of the
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