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GE and YPF Secure $220 Million Project Financing for Argentine Thermal Power Plants
July 11, 2017
GE Energy Financial Services and YPF Energía Eléctrica subsidiary YPF have secured nearly $220m project financing for two jointly owned Argentine thermal power projects having a combined capacity of 374MW. The funding for the 267MW Tucumán and 107MW Loma Campana
Eskom Secures $1.5 Billion Loan from China Development Bank for Medupi Power Plant Development
July 11, 2017
South African electric utility company Eskom has signed a $1.5bn (R19.6bn) loan agreement with the China Development Bank for Medupi Power Plant. The signing ceremony was conducted at Eskom’s head office Megawatt Park in Sunninghill, Johannesburg. The facility will be
Philex Mining Spends P$16 Million for Infrastructure Projects in Its Host Community for Padcal Mine
July 10, 2017
Philex Mining Corp. has invested P16 million for infrastructure projects in the first semester, as part of its social development program in its Padcal mine operations. Philex said about P15.8 million worth of public infrastructure projects had been completed for
Conservation Group Helping Nature Reclaim WA’s Oldest Mine Site at Greenbushes
July 10, 2017
Nature is reclaiming parts of Western Australia’s longest continuous mining lease. The Talison lithium mine at Greenbushes in south-west WA started its life as a tin mine in 1888, and more than 20 abandoned pits and dams on the 100-square-kilometre
Peru and Chile Agree to Strengthen Technical Cooperation in Energy and Mines
July 10, 2017
Peru and Chile agreed to foster technical cooperation and exchange of experiences in mining and energy fields, within the framework of their First Binational Cabinet in Lima. The agreement was signed by Peru’s Energy and Mines Minister Gonzalo Tamayo as
Coal Markets Brace for China’s Reaction After Prices Near $88.25 a Tonne Threshold
July 10, 2017
Mining and electric utility executives in China are preparing for a possible government intervention into coal markets after prices hit the 600 yuan ($88.25) a tonne threshold the state planner said would trigger steps to cool prices. A prolonged heatwave
India in Talks with Canada’s Teck Resources to Buy Coking Coal
July 10, 2017
India is in talks with Canada’s Teck Resources Ltd., the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year. India has joined top
Dundas Mining Acquires Avebury Nickel Mine in Tasmania for $25 Million, Australia
July 10, 2017
The sale of the Avebury nickle mine on the West Coast is “a positive sign of growing confidence in Tasmania’s resource sector”, said Resources Minister Guy Barnett. The $25 million sale of the mine to Dundas Mining, a Tasmanian-based and
Metro Mining Secures A$40 Million for Development of Bauxite Hills Mine, Australia
July 6, 2017
Sprott Private Resource Lending and Ingatatus AG Pty Ltd., a related party of Metro’s strategic cornerstone shareholder Balanced Property, have been selected to provide debt finance facilities of approximately A$40 million for the development of Metro Mining’s Bauxite Hills Mine.
Fluor Signs MOU to Support Future Projects with Saudi Arabian Mining Company Ma’aden
July 6, 2017
Fluor Corporation has signed a memorandum of understanding MOU with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects located within and outside the Kingdom of Saudi Arabia. Under the MOU, Fluor would be considered for conceptual; pre-front-end engineering
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