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KIOCL Receives Mining Lease in Ballari, India
June 2, 2017
There is a ray of hope for state-owned iron ore miner KIOCL. Over 11 years after it suspended mining activities at its Kudremukh mines in the eco-sensitive Western Ghats, the company has got an allocation of mining lease. The Karnataka
Kibo Mining Commences Development of Imweru Gold Project, Tanzania
June 2, 2017
Kibo Mining said on Wednesday that development work has officially begun on the Imweru gold project in Tanzania. The Imweru gold project is the most advanced project within Kibo’s regional Lake Victoria Project mineral license portfolio in the gold prospective
Riverbend Consolidated Mining Highest Bidder for Sucat Thermal Power Plant, Philippines
June 2, 2017
A mining firm emerged the highest bidder for the purchase of the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City, state-run Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday. PSALM said Riverbend Consolidated Mining Corp.
Adani and Queensland Government Reach Deal Over Royalties for Carmichael Coal Mine
June 2, 2017
Mining company Adani has reached an agreement with the Queensland Government on royalty payments for its USD 16.5 billion Carmichael coal projects. After State Cabinet approval, the agreement with the State Government meets Adani’s expectations and requirements. This agreement shows
Yancoal Makes $953 Million Offer for Stake in Mitsubishi’s Hunter Valley Coal Mine
May 31, 2017
Chinese-controlled company Yancoal has made a binding offer to acquire Mitsubishi Development’s 32.4 percent interest in the Hunter Valley Operations mine site, north-west of Singleton. The move fulfills Yancoal’s obligation to make a tag-along offer to Mitsubishi under its agreement
Nathan Vass: Why Power Prices are Rising in Resource-rich Australia
May 31, 2017
It’s the question no politician wants to be asked: Why is Queensland, one of the richest energy resource regions in the world, once again facing electricity price hikes that will further stretch already strained business and family budgets? Queensland has
Vietnam Set to License Three New Coal-fired Power Plants
May 31, 2017
Japanese, South Korean, and Saudi Arabian investors are expected to secure licenses for their projects ahead of Prime Minister Nguyen Xuan Phuc’s visit to Japan next month, Minister Dung said. According to the Ministry of Planning and Investment, South Korea’s
India’s New Regulation to Focus on Underground Coal Gasification
May 31, 2017
Energy and Mineral Resources Minister Ignasius Jonan will issue a ministerial regulation to require coal miners to develop coal manufacturing facilities, particularly underground coal gasification, the energy output of which would be used for electricity. Ministry spokesman Sujatmiko said on
Heron Awards A$107M EPC Contract for Its Woodlawn Zinc-Copper Project, Australia
May 25, 2017
Heron Resources Limited has awarded an engineering, procurement and construction (EPC) contract for its wholly-owned Woodlawn Project to Sedgman, a member of the CIMIC Group. The EPC contract follows a front-end engineering design (FEED) program that commenced in October 2016
Malabar Coal to Acquire Anglo American’s Stake in Drayton Coal Mine, Australia
May 25, 2017
Anglo American has entered into a sale and purchase agreement with Malabar Coal Limited to sell its 88.17 percent interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia. The transaction will be
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