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Trecora Resources to Sell Its Stake in AMAK for $70 Million
October 25, 2019
Trecora Resources has entered into a definitive share sale and purchase agreement with Saudi Arabian company Al Masane Al Kobra Mining Company (AMAK), who will acquire Trecora’s entire equity interest in AMAK. AMAK itself will also participate in this transaction
15 Fatalities at Gold Mine in Siberia Following Deadly River Dam Collapse
October 24, 2019
At least 15 gold miners in Siberia were killed after a dam collapse released flood waters into a mine full of workers. The Russian Emergency Ministry said the incident took place on Saturday in Central Russia. Heavy rain and severe
2019 Australian Mining Prospect Awards Celebrated in Brisbane
October 24, 2019
The winners of the 2019 Australian Mining Prospect Awards have been announced at Moda Events in Brisbane. An annual celebration of the best and brightest of the Australian mining industry, it was the 16th staging of the Prospect Awards last
India’s Vimson and New Lab Establish Prospect Mining Studio to Address Industry Challenges
October 22, 2019
Indian mining conglomerate, Vimson Group, and innovation hub, New Lab, announced a partnership to establish Prospect Mining Studio, a venture studio program bringing together entrepreneurs and industry experts to address the biggest challenges facing the mineral and natural resource mining
Kalium Awards Gas Pipeline Contracts for $148M Beyondie SOP Project, Australia
October 22, 2019
Kalium Lakes has awarded contracts for design, supply and construction of A$20m ($13.5m) gas pipeline at the Beyondie sulphate of potash project (BSOPP) in Western Australia. Located 160km south east of Newman, the BSOPP project is a high-grade brine deposit
China’s GEM Co. and Glencore Extend Strategic Cobalt Partnership
October 22, 2019
GEM Co. Ltd (GEM) and Glencore are pleased to announce that they have entered into a five year agreement for the supply of cobalt hydroxide (cobalt). Under the terms of the agreement, Glencore will provide a minimum of 61,200 tonnes
EITI: DRC Mining Becoming More Transparent But Lacks Accountability
October 22, 2019
Mining in the DRC has made “meaningful progress” towards becoming a more transparent and efficiently regulated industry but work remains to be done on creating accountability, according to the Extractive Industries Transparency Initiative (EITI). The global standard for the good
Anglo American Commits Thousands of Workers to Annual Safety Talks
October 22, 2019
Anglo American saw over 5000 workers in Queensland stand down for its Global Safety Day program and dedicated safety discussions. Every Anglo American site marked and took part in the company’s Global Safety Day on October 10. Anglo American’s focus
Erdene Secures $5 Million to Advance Khundii Gold Project, Mongolia
October 21, 2019
The European bank for reconstruction and development (EBRD) has approved a $5 million loan to Erdene Resource Development Corporation to advance the Khundii Gold project in southwest Mongolia. The investment will help complete a pre-feasibility study, perform environmental and social
Adani Awards Carmichael Project Rail Contract to Martinus Rail, Australia
October 21, 2019
Adani announced the more than $100 million rail contract has been awarded to Australian-founded and operated Martinus Rail, with the contract being delivered out of Rockhampton. In a major win for regional Queensland, the contractor will base itself out of
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