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India Opens Up Commercial Mining Market with Auction of Ten Coal Mines
September 14, 2017
Breaking the 41-year-old stranglehold of state-owned Coal India Ltd (CIL), the government has decided to offer 10 mines for auction as a first step in opening up India’s commercial mining market for coal. This comes seven months after the Centre
Heron Completes A$141 Million Funding for Development of Woodlawn Zinc-Copper Project, Australia
September 13, 2017
Heron Resources Limited has completed its A$141 million equity funding as part of the full A$240 million total Woodlawn Zinc-Copper Project development funding package. Highlights: • Woodlawn is fully funded through construction and ramp-up • Global mining and private
Trek Mining Completes Feasibility Study for Aurizona Gold Mine, Awards EPCM Contract, Brazil
September 13, 2017
Trek Mining Inc. has completed the feasibility study (FS) for its 100 percent owned Aurizona Gold Mine located in northeastern Brazil. All amounts are in U.S. dollars, unless otherwise indicated. The company hosted a webcast and conference call on August
Shenhua Group and China Guodian Group Merger to Create World’s Largest Power Utility
September 13, 2017
China has announced the merger of its top coal miner Shenhua Group with China Guodian Group to create a power utility worth $271bn. China Guodian Group is one of the top five state-run power generators in the country. The merger
Pampa Energia Commissions Its Thermal Power Plant Parque Pilar, Argentina
September 13, 2017
Pampa Energia announces that the Wholesale Electricity Market Company granted the commercial operation of the Thermal Power Plant Parque Pilar. The announcement follows the Wholesale Power Purchase Agreement signed between CAMMESA and Pampa as awardee to the Tender for New
Tanzania Steps Up Pressure on Mining Sector to Pay Higher Fees
September 13, 2017
The Tanzanian government is coming down hard on the country’s extractive industries. President John Magufuli wants them to pay higher fees and help build a processing industry for Tanzania’s mineral resources. A few days ago, the Tanzanian government confiscated diamonds
Centerra Gold Settles Kumtor Mine Dispute with Kyrgyzstan
September 12, 2017
Canadian miner Centerra Gold Inc said on Monday it has reached an agreement with Kyrgyzstan to settle all outstanding disputes with the Central Asian country over its Kumtor gold mine, the company’s and the country’s biggest. All Kyrgyz environmental claims,
Petra Diamonds Suspends Work at Williamson Mine for Safety and Security Reasons, Tanzania
September 12, 2017
Petra Diamonds halted operations at its Williamson mine in Tanzania after the government seized a consignment of diamonds and questioned employees as part of an investigation into the country’s mining industry. Following the seizure, operations at the mine temporarily have
Latrobe Valley Considers New Coal Power Plant Using Newest Germany Technology, Australia
September 12, 2017
With the Andrews government backing renewables for Victoria’s energy future, the chance of a modern brown coal power station being built in the Latrobe Valley hinges on the federal government’s response to the Australian Energy Market Operator’s new report. Minister
Eldorado Gold Threatens to Suspend Greece Investment Amid Permit Delays
September 12, 2017
Canadian mining company Eldorado Gold on Monday threatened to suspend a major investment in Greece in 10 days, accusing the government of delaying permits and licenses. One of Greece’s largest foreign investors, Eldorado operates mines in northern Greece that have
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