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Kidman Resources on Fast Track to Become Mid Tier Gold Producer After Raising $6.5 Million
March 8, 2016
Kidman Resources will soon be the owner of the Mt Holland goldfield in Western Australia after raising $6.5 million at $0.085 each for the purchase indirectly from the administrators of Convergent Minerals. This has already proved to be a good
Aussie Gold Holds Around A$1700 an Ounce
March 8, 2016
ASX listed gold stocks, both producers and explorers, remain a focus today as the price of gold in the local money hovers around A$1700 an ounce. In the spot market at 1pm Sydney, Australia, time, gold is changing hands at
Japan-based Marubeni and El Sewedy Electric to Explore Feasibility to Build Coal-fired Power Plant
March 8, 2016
Japan-based Marubeni and with Egypt’s El Sewedy Electric have signed a memorandum of understanding (MOU) with Egypt’s state-run electricity utility Egyptian Electricity Holding Company (EEHC) to assess the feasibility of developing a coal-fired power plant in Egypt. Under the terms
Brockman Mining Wins Legal Challenge, FMG Ordered to Open Up Pilbara Rail Access
March 8, 2016
Junior iron ore hopeful Brockman Mining has won a legal challenge in its bid to access the rail line built by an infrastructure subsidiary of Fortescue Metals Group (FMG). The Pilbara Infrastructure (TPI) had attempted to prevent Hong Kong-based Brockman
Eastern Goldfields Set to Restart Davyhurst Gold Project by August, Australia
March 8, 2016
The Davyhurst gold project, south-west of Menzies, could be resurrected as early as August after Michael Fotios’ Eastern Goldfields successfully raised $25 million to recapitalize the shell of Swan Gold Mining. The Australian dollar gold price’s strong run above $1700
Yancoal to Put Donaldson Coal Mine on Care and Maintenance, Australia
March 8, 2016
The bad news continues for Australia’s coal industry after Yancoal announced it would put its Donaldson mine on “care and maintenance mode.” Major coal miners have been mothballing or selling operations in Australia from slumping prices in coal prices, despite
African Gold Group Completes Feasibility Study for Kobada Gold Project, Mali
March 7, 2016
African Gold Group, Inc. has completed the feasibility study for the Kobada Gold Project. The study demonstrates the robust nature of the project, with an all in sustaining costs (AISC) of US$788 per ounce and free cash flow of US$122
Lundin Mining Acquires Interest in Freeport’s Timok Copper-Gold Project for $262 Million, Serbia
March 7, 2016
Lundin Mining Corporation has entered into a purchase agreement with an affiliate of Freeport-McMoRan Inc. to purchase an interest in Freeport’s stake in the Timok project located in Serbia. The high grade copper-gold Cukaru Peki deposit is situated on one
Kombat Copper Signs Agreement with EBM Mining Namibia to Commence Operations at Kombat Mine
March 7, 2016
Kombat Copper Inc. has signed a definitive agreement with EBM Mining Namibia (Pty) Ltd. to carry out development and mining of lead/copper mineralization at the Kombat Mine while also commencing the refurbishment of the mine infrastructure and production facilities. Production
Endeavour Mining to Acquire True Gold for $61.5 Million
March 7, 2016
Endeavour Mining has entered into a definitive arrangement agreement with True Gold Mining Inc. pursuant to which Endeavour Mining will acquire all of the issued and outstanding common shares of True Gold via a court-approved plan of arrangement. In conjunction
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