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Chinese Government Instructs Major Mining Companies to Boost Coal Output
October 27, 2016
International coal prices will likely face downward pressure now that the Chinese government has instructed major mining companies to quickly increase production, an about-face driven by a desire to control inflation. The National Development and Reform Commission, the body in
Zamia Metals to Acquire Indonesian Coal Mine for $24.3 Million
October 25, 2016
Zamia Metals Ltd has entered into a binding agreement to acquire a company that owns a mining permit for a coal mine on the island of Central Kalimantan in Indonesia. The purchase price of $24.3 million is to be affected
Dynacor Pours First Gold at Veta Dorada Plant in Chala, Peru
October 25, 2016
Dynacor Gold Mines Inc. has poured first gold at its new Veta Dorada plant. This first gold bar weighed approximately 22 kilos, and was immediately shipped out and sold. Dynacor’s Veta Dorada 300-tpd (102,000-tpy) ore processing facility was officially inaugurated
Alphamin Secures $8.5 Million for Preliminary Mine Construction Work at Bisie Tin Project, DRC
October 25, 2016
Alphamin Resources Corp. has secured approximately US$8.5 million (C$11,004,999) from the sale of 36,683,329 common shares at a price of C$0.30 per share. All shares sold in the offering are subject to a four-month hold period in Canada expiring on
Lucapa Diamond to Acquire 80% Interest in Brooking Diamond Project, Western Australia
October 24, 2016
Lucapa Diamond Company Ltd has entered into an agreement to acquire an 80 percent interest in the Brooking Diamond Project in West Kimberley lamproite province, Western Australia. The agreement was signed with the owner of the diamond exploration project, Leopold
Argent Minerals Wins Government Grant for Its West Wyalong Project, NSW
October 24, 2016
Argent Minerals Ltd has received a major vote of confidence in its West Wyalong project, after receiving a $200,000 grant awarded by the NSW Government for diamond drilling of gold/copper-gold targets. The award represents the largest funding amount available to
W Resources Makes First Tungsten Shipment to U.S. from La Parrilla Mine, Spain
October 21, 2016
W Resources PLC has shipped its first batch of tungsten concentrate from its La Parrilla mine since plant start-up last month. The customer is based in the United States, making this W’s first shipment of any kind to the country.
Seven Fatalities in Coal Mine Gas Explosion in China
October 19, 2016
A gas explosion inside a coal mine in southwestern China has killed seven people and injured two more. Rescue crews at the Rongsheng mine in Guizhou province were able to save 11 people, including the two injured. Authorities would not
Miners Find Giant £140 Million Jade Stone in Burma
October 19, 2016
Miners in Burma have found one of the world’s most valuable pieces of jade. The stone is valued at £140 million and was discovered in a remote mine in Kachin State, in the north of the country. The stone is
Inca One Gold Pours Gold from New Smelter Facility at Chala One, Peru
October 18, 2016
Inca One Gold Corp. has provided an update on operations from its wholly owned subsidiary Chala One SAC. Inca One has begun operating a newly completed, in-house smelter facility at its Chala One mill site — successfully pouring and exporting
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