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Adani Group Secures Final State Approval for $15 Billion Carmichael Coal Mine, Australia
December 12, 2016
Indian energy firm Adani Group has secured the final major State and Federal Government approval for its A$21.7bn ($15.1bn) Carmichael coal and rail project in Australia. The Queensland’s Coordinator-General has approved the 31.5km of permanent rail line and a temporary
Poland President Duda: No Other Energy Resource Can Replace Coal
December 8, 2016
Coal is the main energy resource in Poland, it cannot be replaced with any other resource, because it is not economically feasible, President Andrzej Duda said on Monday. Duda spoke to miners at the Bogdanka coal mine in eastern Poland.
Reunion Gold to Acquire Stake in Haute Mana Gold Project, French Guiana
December 7, 2016
Reunion Gold (RGD) has entered into an option agreement with Union Minière de Saül (UMS), an arm’s length private company. Pursuant to the option agreement Reunion has the right to acquire an 80 percent interest in the Haute Mana gold
11 Miners Trapped in China’s Latest Coal Mine Accident
December 7, 2016
A gas explosion has trapped 11 Chinese coal miners underground, in the latest in a string of deadly accidents striking the industry after 53 miners were killed in two similar blasts last week. China’s state-run Xinhua News Agency reported that
Saudi Arabia Inaugurates $35 Billion Mining and Minerals Processing Complex
December 7, 2016
The Saudi Arabia government has inaugurated the $35bn mining and minerals processing complex at Ras Al-Khair Industrial City. The complex is intended to exploit the mineral deposits of phosphate and aluminium in the eastern region of the country. Ras Al-Khair
Aurion Acquires Two High Grade Gold Projects in Northern Finland
December 6, 2016
Aurion Resources Ltd. has acquired the Kaaresselkä and Kiekerömaa gold projects from Tertiary Minerals plc. The projects were purchased for an initial £100,000 initial consideration to be paid by Aurion in the form £15,000 in cash and £85,000 in Aurion
Turquoise Hill Suspends Oyu Tolgoi Concentrate Shipments Due to Chinese-Mongolian Border Matters
December 6, 2016
Turquoise Hill Resources has suspended concentrate shipments from Oyu Tolgoi to the Chinese border following a new requirement at the Chinese-Mongolian border to utilize one joint coal and concentrate crossing route. The new requirement has led to safety and security
SIMEC to Acquire Rio Tinto’s Lochaber Assets for $410 Million, Scotland
December 5, 2016
Rio Tinto has reached an agreement to sell its assets at Lochaber, Scotland to SIMEC for consideration totaling $410 million. The sale purchase agreement comprises the sale of Rio Tinto’s 100 percent shareholding in Alcan Aluminium UK Limited which includes
New Colombia Resources Set to Develop New Coal Mine, To Begin Production Q1 2017
December 5, 2016
New Colombia Resources, Inc. has entered into a joint venture agreement to operate metallurgical coal concession contract JC3-15231 located in the municipality of Zulia approximately 25 km from Cucuta, Colombia. The coal will be mined and delivered to the company’s
Accident Leaves 22 Coal Miners Trapped in Northeastern China
December 2, 2016
Rescuers in northeastern China searched Wednesday for 22 miners trapped underground in the latest accident to befall China’s mining industry. State media reported that Tuesday night’s accident occurred at a mine in the city of Qitaihe in northeastern Heilongjiang province,
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