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Mining Production Up Four Percent in 2017, South Africa
February 15, 2018
Lower gold and coal production dragged down overall mining production figures for December 2017, but overall production was up 4 percent for 2017, according to data from Stats SA. Mining production for December only increased 0.1 percent year on year,
Glencore’s Pasar Copper Smelter Resumes Operations, Philippines
February 15, 2018
Metal Bulletin reported that Glencore’s Pasar copper smelter has returned to operation after fixing a technical failure that led to a production halt last month. Mr. Charles Watenphul spokesman of Glencore said in an emailed statement that “The problem has
Azerbaijan Industrial Plans to Restart Ganja Aluminum Smelter, Azerbaijan
February 15, 2018
Aluminium Insider reported that citing a desire to reduce the country’s dependence upon foreign sources of raw materials, Azerbaijan’s government announced plans last week to restart a domestic aluminium smelter that has been idle for the better part of a
Goa Chief Minister Rules Out Setting Up Government Run Mining Corporation
February 15, 2018
The Quint reported that Goa Chief Minister Mr. Manohar Parrikar ruled out setting up of a government-run mining corporation to run the state’s mining sector, calling it “unviable”. He hinting that auctioning of mining leases may be the only option
Mechel Group’s Izhstal Receives Loan from Eximbank Supporting Export of High Technology Products
February 14, 2018
Mechel, one of the leading Russian mining and metals companies, said that Mechel Group’s Izhstal and State Specialized Russian Export-Import Bank signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit
Awale Resources Secures New Gold Mining Permit in Cote d’Ivoire, Africa
February 13, 2018
Awalé Resources has secured a new prospective gold permit ‘Amélékia’, in the Comoé district of south eastern Côte d’Ivoire. The permit is the first granted of three Awalé applications, forming the Company’s Abengourou Project. “The granting of the new gold
DRDGold Receives Acquisition Approval for Sibanye-Stillwater Assets, South Africa
February 13, 2018
South African competition authorities have approved DRDGold’s R1.3bn ($110m) worth acquisition of precious metal miner Sibanye-Stillwater portions in the West Rand Tailings Retreatment Project (WRTRP) assets. As per the terms of the proposed deal made in late November 2017, DRDGold
Golden Star Commences Production at Prestea Underground Gold Mine, Ghana
February 13, 2018
Canadian gold mining company Golden Star Resources said that its Prestea Underground gold mine in Ghana has started commercial production. The project construction of Prestea Underground, including the installation of all ancillary infrastructure, is complete and operational and gold production
Constellium to Sell Sierre Plant Assets for $247 Million, Switzerland
February 12, 2018
Constellium NV announced that it signed a binding agreement with Novelis to sell the North Building Assets of its Sierre plant in Switzerland, which have been leased and operated by Novelis since 2005, and to contribute the plant’s shared infrastructure
18 Killed as Venezuela Army Takes Control of Wildcat Mine
February 12, 2018
At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday. The confrontation was confirmed to The Associated Press by an
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