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Enirgi Group Completes DFS for Salar Del Rincon Lithium Project, Argentina
July 14, 2016
Enirgi Group Corporation has completed a definitive feasibility study (DFS) for its planned 50,000 tonne per annum lithium carbonate processing plant at its Salar del Rincón development project located in the province of Salta, Argentina. Enirgi Group owns 100 percent
ALROSA Prepares Vehicles for Development of Verkhne-Munskoe Diamond Deposit, Russia
July 13, 2016
PJSC ALROSA has accepted new motor vehicles into service in the run-up to the development of Verkhne-Munskoe deposit. Three new Scania road trains with up to 90t payload capacity each and a Tonar semitrailer with up to 130t payload capacity
President Ali Bongo Inaugurates Moanda School of Mining and Metallurgy, Haut-Ogooué Province
July 13, 2016
The President of the Gabonese Republic, His Excellency Ali Bongo Ondimba, alongside the Prime Minister of São Tomé and Príncipe, Patrice Trovoada, recently inaugurated the Moanda School of Mining and Metallurgy (known as E3M) in the Haut-Ogooué province. “This school
Armadale Acquires Mahenge Liandu Graphite Project, Tanzania
July 12, 2016
Armadale has acquired the Mahenge Liandu Graphite Project in south-east Tanzania. The acquisition furthers Armadale’s strategy to build a portfolio of highly valuable African resource projects with near term revenue generation potential and complements the wider portfolio including Mpokoto Gold
Endeavour Mining Closes C$144 Million Financing to Advance West-African Portfolio
July 12, 2016
Endeavour Mining has closed financing of C$143.75 million. The company issued a total of 7,187,500 ordinary shares in the capital of Endeavour at a price of C$20.00 per share, which includes the exercise of the underwriters’ over-allotment option in full,
Energeticky to Acquire Vattenfall’s Coal Mines in Germany for $1.8 Billion
July 11, 2016
Sweden approved the sale of Vattenfall AB’s German lignite plants and mines to Czech power producer Energeticky a Prumyslovy Holding AS and its financial partner PPF Investments Ltd. as the state-controlled Swedish utility seeks to divest its dirtiest power units.
New Colombia Resources Receives $200 Million LOI to Develop Coal Concessions in Colombia
July 11, 2016
New Colombia Resources, Inc. has received a $200 million letter of intent (LOI) to develop their 2900 acre metallurgical and thermal coal concession in Colombia. Legally binding obligations with respect to the contemplated transaction will only arise upon execution of
European Commission Approves Spain’s $2.4 Billion Aid to Facilitate Closure of 26 Coal Mines
July 11, 2016
The European Commission (EC) has approved Spain’s plans to grant $2.4bn to shut down 26 uncompetitive coal mines in the country. Spain’s aid is expected to reduce the social and environmental impact of the mine closures without distorting the competition
Vanstar Resources Acquires Cristalina Gold Project, Brazil
July 11, 2016
Vanstar Resources Inc. has signed a letter of intent with Merrygold Investments Ltd to acquire 100 percent of the Cristalina project in the province of Goias, Brazil. The Cristalina project contains several gold showings including the Aguas Claras, Metago and
Magellan Gold to Acquire 50% Stake in Rio Silver’s Ninobamba Silver Property, Peru
July 11, 2016
Magellan Gold Corporation has been granted an option to earn an undivided 50 percent interest in Rio Silver Inc.‘s Ninobamba Silver Property. The 900-hectare Ninobamba silver project is located approximately 330 kilometers southeast of Lima in the Department of Ayacucho,
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