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Revised Government Regulation Impacts Freeport Indonesia’s Export Opportunities
February 10, 2017
Gold and copper miner Freeport Indonesia is still reluctant to convert its contract of work (CoW) to a special mining permit (IUPK) as it says the concept of the latter remains unclear. Freeport Indonesia spokesman Riza Pratama said the firm,
Japan Nuclear Fuel and Mitsubishi to Acquire Stake in Areva’s NewCo for $536 Million
February 10, 2017
Japan Nuclear Fuel (JNFL) and Mitsubishi Heavy Industries (MHI) have entered into an agreement to acquire 10 percent stake in NewCo, a new company formed by AREVA, for €500m ($536m). The two companies will acquire a minority stake of 5
300 Mining Leases to Be Put Up for Auction in India
February 10, 2017
Government today said 2017-18 would be the most important year for the mining industry as leases of around 300 mineral blocks would be auctioned during the fiscal. “In 2017-18 nearly 300 mining leases should be put on auction by different
Camrova Resources Signs Binding LOI for Investment in Small-scale Copper Plant in Chile
February 9, 2017
Camrova Resources Inc. (formerly Baja Mining Corp.) has executed a binding letter of intent, dated February 1, 2017 pursuant to which Camrova will provide funding to Mr. Gubier Marambio, Gubier Marambio H. SpA (GMH) and Metalex Ltda to restart an
Belo Sun Receives Construction License for Volta Grande Gold Project, Brazil
February 9, 2017
Belo Sun Mining Corp. has received the construction license for its Volta Grande Gold Project from the Brazilian State Government of Pará under the environmental authority, SEMAS. The construction license is the final governmental approval authorizing Belo Sun to proceed
Hudson Resources Secures $13 Million to Advance White Mountain Anorthosite Project, Greenland
February 9, 2017
Hudson Resources Inc. has secured debt financing of up to US$13 million for Hudson’s White Mountain Anorthosite Project in Greenland through its 100 percent owned Greenland subsidiary, Hudson Greenland A/S. Furthermore, Cordiant Capital Inc., headquartered in Montreal, has approved lending
Asanko Gold Releases Update on Its Asanko Gold Mine Expansion in Ghana, West Africa
February 9, 2017
Asanko Gold Inc. has released an update on the progress of the expansion of the Asanko Gold Mine (AGM), located in Ghana, West Africa. Highlights include: • Mining operations at Esaase and overland conveyor fully permitted, following receipt of both
Reunion Gold to Acquire 75% Stake in Dorlin Gold Project, French Guiana
February 8, 2017
Reunion Gold Corporation has entered into an option agreement to acquire a 75 percent interest in the Dorlin Project in French Guiana from Société Minière Yaou-Dorlin (SMYD), a subsidiary of AUPLATA S.A., a French company. The Dorlin Project consists of
New Colombia Resources Receives Work Permit for Its New Gravel and Coal Mine, Colombia
February 8, 2017
New Colombia Resources, Inc. has received notice from the Agencia Nacional de Mineria (ANM) of the approval of the addition of gravel to their existing approved work plan (PTO) for metallurgical coal. Now that the PTO has been approved, the
Japan to Build 45 New Coal-fired Power Plants
February 7, 2017
Environmental activists are fuming over Japan’s plans to build as many as 45 new coal-fired power stations in the coming years. Prime Minister Shinzo Abe is still firmly behind plans to build coal plants, despite repeated pressures from environmentalists to
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