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Copper Mesa Mining Awarded $24.365 Million for Expropriation of Two Mining Projects by Ecuador
June 14, 2016
Copper Mesa Mining Corporation has been awarded $24.365 million for expropriation of two mining project by Ecuador. On March 15, 2016, an Arbitral Tribunal of the Permanent Court of Arbitration in the Hague, Netherlands released its award in relation to
Strike Ends at Kinross Gold’s Tasiast Mine, Mauritania
June 14, 2016
The strike by unionized employees at Kinross Gold Corporation’s Tasiast mine that began on May 24, 2016 has ended. Striking employees began returning to work on June 11, 2016 and negotiations with the staff delegates on a new collective labor
Genesis Minerals Sign Gold Processing Agreement for Its Ulyssess Gold Project, Australia
June 10, 2016
Genesis Minerals Ltd will have the gold that produced from its Ulyssess Gold Project processed at the Davyhurst Mill belonging to Eastern Goldfields Ltd, after signing an agreement today. The mill is located 135 kilometers away paves the way for
Adaro Energy to Acquire BHP Billiton’s Stake in IndoMet Coal Project for $120 Million, Indonesia
June 10, 2016
BHP Billiton has agreed to sell its majority stake in the IndoMet coal project in Indonesia to its local joint venture partner, Adaro Energy. The mining giant is believed to have sold its 75 percent stake in the project for
Spain to Spend $2.4 Billion on Shutting Down Coal Mines
June 10, 2016
Spain has won approval from European authorities to spend 2.13 billion euros ($2.4 billion) on the closure of 26 coal mines by 2018. The government expenditure includes covering production losses as the uncompetitive mines wind down, providing financial support to
Glencore to Close Tahmoor Coal Mine, Australia
June 10, 2016
Swiss mining major Glencore is planning to close its Tahmoor underground coal mine in New South Wales, Australia, amid slump in prices in global coal markets. The company has commenced consultation with Tahmoor’s workforce in order to close the mine
BHP, Glencore Bidding for Anglo American’s Australian Coal Assets
June 10, 2016
Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American’s Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka
Rugby Acquires Extensive Gold Portfolio in Colombia
June 8, 2016
Rugby Mining Limited has acquired an extensive portfolio of both granted exploration concessions and applications covering approximately 845 square kilometers in Colombia. The acquisition, which includes a substantial geological database, was secured through the purchase of a subsidiary of Barrick
Lundin Gold Completes Feasibility Study for Fruta Del Norte Project, Ecuador
June 8, 2016
Lundin Gold Inc. has received the results of an independent feasibility study (FS) for its 100 percent owned Fruta del Norte Project (FDN) in Ecuador. The FS has been prepared by Amec Foster Wheeler, with the support of four other
Dundee Sustainable Technologies Proceeds to Demonstration Phase with ENAMI Concentrate, Chile
June 8, 2016
Dundee Sustainable Technologies Inc. (DST) has entered into an agreement with Empresa Nacional de Mineria, Chile (ENAMI) for the purchase of 125 tonnes of gold concentrate to be processed using DST’s gold extraction technology. This is part of a phased
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