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B&W Awarded $80M Contract to Supply Boiler for Masinloc Thermal Power Plant Expansion, Philippines
March 15, 2016
The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $80 million to design and manufacture a highly efficient, supercritical boiler and other components for the Masinloc Thermal Power Plant expansion project in Zambales Province, Philippines.
True Gold Begins Leaching Ore at Karma Mine in Burkina Faso, West Africa
March 15, 2016
True Gold Mining Inc. has started irrigating ore on the heap leach pad and is well advanced with commissioning the ADR plant. Mining is ahead of schedule with 600,000 tonnes stockpiled at above average reserve grade. The Karma Mine is
Graphite One on Target to Produce Carbon-Coated Spherical Graphite, Alaska
March 15, 2016
Graphite One Resources Inc. has commenced product development test work to produce carbon-coated spherical graphite from STAX graphite sourced from the company’s Graphite Creek deposit near Nome, Alaska. “Production of carbon-coated spherical graphite will be a key step for us.
Tlou Energy Advances Plans for Coal-fired Power Plant in Botswana
March 15, 2016
Australia and London-listed Tlou Energy Limited is continuing negotiations with potential off-take partners for its Lesedi CBM (coal bed methane) project in Botswana, it told investors posting latest half year results. The period charted considerable progress, with plenty more to
Five Fatalities and 26 Rescued in Coal Mine Collapse in Pakistan
March 15, 2016
A mine collapsed after heavy rains in northwest Pakistan, killing at least five workers and injuring 10 others, authorities said Sunday. Rescuers pulled 26 miners to safety, according to the National Disaster Management Authority. Dozens of troops helped with the
Boliden Acquires First Quantum’s Kevitsa Mine for $712 Million, Finland
March 14, 2016
First Quantum Minerals Ltd. has entered into a sale and purchase agreement with Boliden AB to sell its Kevitsa nickel-copper-platinum group elements mine in Finland. Under the terms of the sale, Boliden will acquire Kevitsa for a cash consideration of
Newmont Sells Its Stake in Australia-based Regis Resources for $182 Million
March 14, 2016
Newmont Mining Corporation has closed the sale of its 19.45 percent equity stake in Regis Resources Ltd. for total net proceeds of US$182 million (A$243 million). The sale was managed by a broker and distributed globally to a broad range
Hexagon Resources Raises $1.35M to Develop Its McIntosh Graphite Project, Western Australia
March 11, 2016
Hexagon Resources Ltd has closed a $1.358 million capital raising at $0.08 each with new and existing institutional funds, and sophisticated / professional investors for the company’s McIntosh graphite project in Western Australia. The company planned to place 12 million
Venezuela Congress Takes Up Case of 28 Missing Miners
March 11, 2016
Opposition politicians on Tuesday are putting more pressure on Venezuela’s government to increase search efforts in order to determine what happened to a group of 28 missing miners who were allegedly killed by gang members. More than 1,000 soldiers fanned
Coal India Receives Green Nod for 22 Mining Projects Fiscal Year 2016
March 11, 2016
As many as 22 mining projects of state-owned Coal India have received green clearance this fiscal. “So far, in the current fiscal, 16 coal mining projects of Coal India having an additional capacity of 48 million tonnes received environment clearance,”
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