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Endeavour Mining Starts Construction of Its Hounde Gold Project, Burkina Faso
April 12, 2016
Endeavour Mining has entered the construction phase of development at its 90 percent-owned Houndé Project in Burkina Faso. The Houndé Project is expected to deliver average production of 190,000 ounces per year over a 10-year mine life at an AISC
Hastings Raises $9.6 Million After Promising PFS for Its Yangibana Rare Earths Project, Australia
April 12, 2016
Hastings Technology Metals Ltd’s share price surged 21.79 percent today after the company receiving firm commitments to raise $9.6 million from a primary share placement struck at a 28 percent premium to last sale price. The raising found heavy demand
Dundee Precious Metals Acquires Serbia-based Avala Resources
April 11, 2016
Avala Resources Ltd. and Dundee Precious Metals Inc. have successfully completed the plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which DPM, through a wholly-owned subsidiary (Acquisitionco), acquired all of the issued and outstanding common shares
Euromax Secures $30 Million for Construction of Its Ilovica Copper-Gold Project, Macedonia
April 11, 2016
Euromax Resources Ltd. has entered into a term sheet for an investment of up to US$30 million and a strategic alliance with CC Mining S.A. (CCM) which is related to Consolidated Contractors Company Group (CCC Group), in respect of certain
Production to Start 2Q 2016 at Ariana Resources’ Red Rabbit Gold Mine, Turkey
April 8, 2016
Ariana Resources PLC’s partner in the Red Rabbit gold project, Proccea, now owns 42 percent of the joint venture having spent a further US$2.4mln over the past twelve months. Proccea has also committed to another US$2.1mln to take its final
Highfield Resources Confident of Environmental Clearance, Mining Concession for Muga Potash Project
April 8, 2016
Highfield Resources Ltd is hopeful of soon receiving an environmental impact declaration (DIA) followed by a mining concession from the Spanish government to begin construction at its Muga Potash Project in northern Spain. The Spanish central government’s Department of Agriculture,
Kibo Mining Completes Feasibility Study for Mbeya Coal to Power Project, Tanzania
April 8, 2016
Kibo Mining, the Tanzania focused mineral exploration and development company, has announced that the Mbeya Coal to Power Project, Definitive Power Feasibility Study work has been completed on schedule. The DPFS report is now subject to a review process. The
Anglo American to Sell 70% Stake in Foxleigh Coal Mine in Queensland, Australia
April 8, 2016
Anglo American has entered into a Sale and Purchase Agreement with a consortium led by Taurus Fund Management to sell its 70 percent interest in the Foxleigh metallurgical coal mine in Queensland, Australia. The transaction will be effected via a
De Beer Encounters First Gem-bearing Ore at Its Jwaneng Operation Expansion, Botswana
April 8, 2016
De Beers’s project to expand the world’s most valuable diamond mine has encountered its first gem-bearing ore, seven years after it started. The 24 billion-pula ($2.2 billion) plan to enlarge the Jwaneng operation in Botswana will eventually access an estimated
Asanko Gold Begins Commercial Production at Its Asanko Gold Mine in Ghana, West Africa
April 7, 2016
Asanko Gold Inc. has begun commercial production at Phase 1 of the Asanko Gold Mine, located in Ghana, West Africa, effective April 1, 2016, a quarter ahead of schedule. Gold production will continue to ramp-up during Q2 2016 as the
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