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CKR Carbon Begins Bulk Sampling Program at Aukam Graphite Project, Namibia
June 20, 2016
CKR Carbon Corporation has begun bulk sampling of graphitic material from the dumps at the Aukam graphite project in southern Namibia. Site construction, including quarters for 30 workers and building and installation of a screen, has been completed on schedule
Alacer Gold Secures $350 Million Project Finance Facility for Turkey Operations
June 20, 2016
Alacer Gold Corp. has signed the $350 million senior secured project finance facility with BNP Paribas (Suisse) SA, ING Bank A.S., Societe Generale Corporate & Investment Banking and UniCredit Bank Austria AG. As part of the continuing de-risking efforts, the
Lundin Gold Submits Application to Advance the Fruta Del Norte Project, Ecuador
June 20, 2016
Lundin Gold Inc.‘s wholly owned subsidiary in Ecuador, Aurelian Ecuador S.A., has submitted a phase change application (PCA) to the Government of Ecuador in respect of its 100 percent owned La Zarza concession, which is host to the Fruta del
Petropavlovsk to Acquire Russia’s Alliance Mining Group and Lexor Group, Amur Zoloto Mine
June 17, 2016
Russian gold miner Petropavlovsk PLC is mulling the purchase of the gold assets in Kamchatka of Renova, its largest shareholder. As previously announced, Petropavlovsk has entered into an agreement with Russia’s Alliance Mining Group and Lexor Group to acquire Amur
Lundin Gold Secures $18 Million to Initiate Work at Fruta del Norte Project, Eduador
June 17, 2016
Lundin Gold Inc. has secured an $18 million credit facility to initiate work at its Fruta del Norte project. The proceeds from the facility will be used for general corporate purposes and to allow the company to initiate work which
Dubai Electricity Signs Power Purchase Agreement for Hassyan Clean Coal Power Plant
June 17, 2016
Investment in new coal generation may be on the way out in western Europe and the USA, but not, remarkably enough, in Dubai, where a consortium led by ACWA Power has signed a 25 year power purchase agreement (PPA) with
Lydian to Proceed With Construction of Amulsar Gold Project, Armenia
June 17, 2016
Lydian International Limited has decided to proceed with construction at its 100 percent-owned Amulsar Gold Project in Armenia. This action by the company’s board of directors follows recent receipt of an amended mining right from the Republic of Armenia and
Poseidon Nickel Recovers High Lithium Test Results at Lake Johnston Project, Australia
June 17, 2016
Poseidon Nickel Ltd has recovered over 90 percent lithium and 300 parts per million tantalum oxide from preliminary flotation tests on surface pegmatite samples from its Lake Johnston nickel project. Previously, Poseidon received assay results from 2.80 percent to 3.85
Ormonde Mining Completes Optimized Construction Schedule for Barruecopardo Tungsten Mine, Spain
June 17, 2016
Ormonde Mining plc said recent legal developments have provided greater clarity on the development of its Barruecopardo tungsten mine in Spain. Back in February, the company hit a road block when a third party appealed against a few of its
Aureus Mining Granted Permission to Restart Tailings Facility at New Liberty Gold Mine, Liberia
June 17, 2016
Aureus Mining has been granted permission to re-start discharges from its tailing facility at the New liberty mine in Liberia. The miner had to shut down its processing plant at the mine in May after too much cyanide leaked. The
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