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Barrick Gold’s Founder and Chairman Emeritus Peter Munk Passes Away

April 4, 2018

Barrick Gold Corporation said the company’s founder and chairman emeritus, Peter Munk passed away peacefully in Toronto, surrounded by his family. He was 90. Munk, an iconic Canadian entrepreneur and philanthropist, was born in Budapest in 1927. When the Nazis

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Anglo American Suspends Iron Ore Operations at Minas-Rio for Pipeline Checks, Brazil

April 4, 2018

Anglo American suspends operations its Minas-Rio iron ore operation in Brazil in order to conduct a full inspection of the pipeline that carries iron ore, in slurry form, from the mine to the export terminal. Minas-Rio took the decision to

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Singareni Collieries to Open 13 New Coal Mines

April 3, 2018

Public sector miner Singareni Collieries Company Limited (SCCL) has decided to open 13 new mines — six underground and seven open cast — in the coming days to augment its production. The company will convert underground mines into open cast

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Te Power Breaks Ground on $121 Million Thermal Power Plant, Guinea

April 3, 2018

Endeavor Energy’s Tè Power (TPC) has reached financial close and broken ground on the $121m Tè Power Plant, a 50MW greenfield thermal power plant in Conakry, Guinea. The Tè Project will be the first internationally development finance institution project-financed independent

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Trek Metals to Acquire Kroussou Lead-Zinc Project in Gabon, Africa

April 3, 2018

Trek Metals Limited has executed a share sale agreement to acquire 100 percent of the Kroussou Lead-Zinc Project from Battery Metals, with the deal expected to be completed in early April. TKM has been progressing exploration at the project over

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Bombay High Court Passes Interim Order to Suspend Ore Transport in Goa

April 3, 2018

The Bombay High Court at Goa on Wednesday directed the State government to order immediate suspension of transport of all minerals related to the mining activity of 88 leaseholders. The directions are an interim order, pending hearing and final disposal

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Battery Minerals Granted Mining License for Montepuez Graphite Project, Mozambique

March 29, 2018

Battery Minerals Limited advised that it has passed another major milestone in its path to become a significant graphite supplier to the lithium battery industry, with the Mozambican Government awarding the Mining License for its Montepuez project. The Mining License

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Rio Tinto to Sell Its Kestrel Underground Coal Mine for $2.25 Billion, Australia

March 29, 2018

Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80 percent interest in the

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Adani Signs Coal Mining Pact with NLC India to Develop Talabira Block

March 29, 2018

Adani Enterprises on Monday said it has signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block. In a filing to BSE, it said its subsidiary, Talabira (Odisha) Mining Pvt

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Rio Tinto to Sell Stake in Winchester South Coal Project to Whitehaven for $200 Million

March 27, 2018

Mining giant Rio Tinto has agreed to sell its stake of 75 percent in the Winchester South coal development project in Queensland, Australia to Whitehaven Coal for $200m. Located in the northern Bowen Basin, about 30km south-east of Moranbah, Winchester

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