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Cornerstone and Newcrest Sign Farm-in Agreement for Caña Brava Gold-Copper Project, Ecuador
April 24, 2019
Cornerstone Capital Resources Inc. and its subsidiary Cañabrava Mining S.A. have signed a binding option and farm-in agreement with Newcrest International Pty Limited, a subsidiary of Newcrest Mining Limited for Cornerstone’s Caña Brava and Tioloma properties in Ecuador, targeting epithermal
Japan’s JBIC Signs Financing for Van Phong Coal Plant, Vietnam
April 23, 2019
A consortium of banks led by Japan Bank for International Cooperation (JBIC) approved a nearly $2-billion loan for a coal-fired power plant in Vietnam that critics said breached an international agreement on financing the dirtiest fossil fuel. The state-owned JBIC
Morocco to Launch New Mining Strategy, Aims to Create 30,000 New Jobs
April 23, 2019
Morocco is preparing for the launch of a new mining strategy that aims at creating 30,000 additional jobs and raising the exploration budget to 4 billion dirhams as well as revenues by 15 billion dirhams in six years, energy minister
China Regulators Ease New Coal Plant Ban
April 23, 2019
China allowed 11 provinces and regions to resume building coal power plants. The National Energy Administration forecast that only 10 provinces and regions would have an excess of coal-fired electricity generation capacity in 2022, down from last year’s outlook for
Sandvik Plays Down Manufacturing Slump Concerns as Orders Gain
April 22, 2019
Sandvik AB, the world’s largest maker of cutting tools, poured cold water on concerns about a European manufacturing slump, saying Germany is a weak spot but that other markets are doing fine. Chief Executive Officer Bjorn Rosengren said Thursday that
Queensland Fast Tracks Whitehaven’s $1 Billion Winchester South Coal Mine
April 22, 2019
The Queensland’s independent Coordinator-General has declared the Whitehaven Coal’s $1 billion Winchester South project in central Bowen Basin, as coordinated project. The move marks a step closer for the metallurgical coal mining project located 30km south-east of Moranbah in Queensland’s
Thor Secures $78 Million Financing for Segilola Gold Project, Nigeria
April 18, 2019
Thor Explorations announced that has executed an agreed term sheet with the Africa Finance Corporation for a $78 million financing package for the construction and ramp-up of its 100 percent owned Segilola Gold Project in Nigeria. This follows the completion
Whitehaven Coal’s Winchester South Mine to Offer Hundreds of Jobs, Queensland
April 18, 2019
Whitehaven Coal’s planned new Winchester South coal mine will deliver hundreds of coal mining jobs and boost the central Queensland economy for decades, CFMEU Mining & Energy said today. CFMEU Mining & Energy Queensland President Stephen Smyth welcomed the Queensland
WorleyParsons to Complete PFS for Advantage Lithium’s Cauchari Project, Argentina
April 18, 2019
Advantage Lithium has selected WorleyParsons Chile to complete the pre-feasibility study on its Cauchari Lithium Project in Jujuy, Argentina. WorleyParsons will also complete an independent NI 43-101 Technical Report for the project. The PFS will evaluate processing options and complete
Santiago Metals Acquires Coro Mining’s Berta Mine for $8.5 Million, Chile
April 17, 2019
Coro Mining’s subsidiary has sold the Berta mining operation and concessions to Santiago Metals Proyecto 4 Limitada, a private Chilean company for total consideration of US$8.5 million. “In October last year we said we were placing the Berta Mine and
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