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Malachite Resources to Use Mobile Processing Plant for Its Lorena Gold Project, Queensland
March 9, 2016
Malachite Resources Ltd is aiming to produce about 30,000 ounces of gold from the Lorena Gold Project, near Cloncurry in Queensland using a mobile processing plant located at the project for the short life of the initial open cut operation.
BHP Billiton and Vale Settle with £3.6 Billion Bill Over Dam Burst at Samarco Pit, Brazil
March 9, 2016
Global miner BHP Billiton and Brazilian miner Vale will pay a reported £3.6bn in damages for the fatal Samarco dam disaster. The joint venture partners, which own mining company Samarco Mineração, will pay the fine over 15 years for the
Coal Prices May Do Something They Haven’t Done in Two Years, Rise
March 9, 2016
Potential supply cuts have the price of metallurgical coal — the kind used to make steel — poised to do something it hasn’t done since October 2013: rise. The benchmark contract for the coal may gain by a few dollars
Bharat Heavy Electricals Awarded Contract from Tamil Nadu to Build Thermal Power Plant, India
March 8, 2016
Tamil Nadu Generation and Distribution (TANGEDCO) has awarded a contract to India’s state-owned utility Bharat Heavy Electricals (Bhel) to build Uppur supercritical thermal power project (TPP) in Tamil Nadu state. Featuring two units each with a capacity of 800MW, the
Duran Set for Commissioning Phase in April for Its Aguila Norte Mineral Processing Plant, Peru
March 8, 2016
Duran Ventures Inc. has provided a progress report on the construction of its 80 percent owned 100-tonne-per-day Aguila Norte mineral processing plant located in Northern Peru. The company expects to finish construction of the plant by the end of March
Largo Resources Secures Funding, Restructures Export Facilities at Maracas Menchen Mine, Brazil
March 8, 2016
Largo Resources Ltd. has secured funding and is restructuring its export credit facilities for its Maracás Menchen Mine. The terms of the new facility, consistent with the previously announced binding term sheet with the lenders, include: • Working capital facility
Swedish Supreme Administrative Court Cancels Tasman’s Norra Karr Mining Lease
March 8, 2016
Tasman Metals Ltd. has been notified of a decision by the Supreme Administrative Court of Sweden (SAC) to cancel the Norra Karr mining lease (ML). This ML was granted to the company in May 2013 by the Swedish Mining Inspectorate
Robex Resources Progressing Towards Full Production at Nampala Gold Mine, West Africa
March 8, 2016
Robex Resources Inc. is progressing towards full production at the Nampala mine. The Nampala mine operations are 24 hours a day, 7 days a week, with a daily production between 1,000 and 1,500 tonnes of ore (tpd). In addition, the
Kibaran Resources to Test Graphite from Its Epanko Project to Supply Lithium Ion Battery Market
March 8, 2016
Kibaran Resources Ltd, fresh from a $2.0 million capital raising, has sent a sample of graphite from its Epanko project in Tanzania to test as a premium product for use in lithium-ion batteries. The new bulk sample of 200 tonnes
African Energy Edges Closer to Develop Coal Mine, Power Plant at Mmamabula West Project, Botswana
March 8, 2016
African Energy Resources has signed a term sheet with an as yet unnamed South African investment group to develop an integrated coal mine and thermal power station at its Mmamabula West power project in Botswana. The group has a three
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