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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,
Vanstar Resources Acquires Merrygold’s Cristalina Gold Project, Brazil
July 8, 2016
The management of Vanstar Resources announces that it has signed a Letter of Intent with Merrygold Investments Ltd to acquire 100 percent of the Cristalina project in the province of Goias, Brazil. CRISTALINA PROJECT The Cristalina project contains several gold
Endomines Enters New Off-take Agreement with Boliden for Its Pampalo Gold Mine, Finland
July 8, 2016
Endomines has agreed on terms of an agreement to sell and deliver all of its flotation gold concentrate production from the Pampalo Gold Mine to Boliden Harjavalta, Finland. The final agreement is expected to be signed within the next few
Endeavour Holds Ceremony to Mark Construction Start of Houndé Gold Project, Burkina Faso
July 8, 2016
Endeavour Mining Corporation held a ground-breaking ceremony at its Houndé Project site in Burkina Faso. Construction began in April 2016 and is progressing on-time and on-budget with the first gold pour expected during the fourth quarter of 2017. The ceremony
Newmont Enters Agreement to Sell Interest in Indonesian Assets for $1.3 Billion
July 6, 2016
Newmont Mining Corporation has entered into a binding share sale and purchase agreement with PT Amman Mineral Internasional (PT AMI) to sell its interests in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in
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