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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
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
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