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Consolidated Tin Mines Secures US$20 Million Funding Facility from China
March 4, 2016
Consolidated Tin Mines has secured a US$20 million funding facility that will be used for the acquisition of assets, developing existing assets, and working capital. The company has entered into a formal agreement with Beijing Huacheng Dadi Investments Limited to
Apollo Consolidated Receives Gold Assays from Its Korhogo Gold Project, West Africa
March 4, 2016
Apollo Consolidated has received first assays from a drill program at the Korhogo gold project in northern Cote d’Ivoire carried out in sections of the 20 kilometer long ‘Liberty’ soil anomaly, which reveal an underlying shear zone with some promise.
Kibo Mining Raises £1.5 Million to Advance Mbeya Coal-to-Power Project, Tanzania
March 4, 2016
Kibo Mining has raised £1.5mln through a loan arrangement with Sanderson Capital Partners. The funding deal provides interest free cash for a fixed term, until August 31, and it supports the group’s efforts to complete a definitive feasibility study for
Alicanto Minerals Secures $10 Million Funding from Barrick to Advance Arakaka Gold Project, Guyana
March 4, 2016
Alicanto Minerals has clinched $16 billion-capped Barrick Gold Corporation as project partner to fund exploration of US$1.8 million in 2016 at the highly rated Arakaka Gold Project in Guyana. Barrick is not known to participate in gold projects under its
Maximus Resources Reviews Lithium Potential at Spargoville Tenements, Western Australia
March 4, 2016
Maximus Resources is reviewing lithium occurrences within its Spargoville high grade gold tenements, located near two major lithium projects, Neometals’ Mt Marion project and Lithium Australia’s Lepiodolite Hill project. Significantly, the Lefroy prospect could be situated within a similar structural
Overcapacity in China’s Coal and Steel Industries Puts 1.8 Million Workers Out of Work
March 4, 2016
Overcapacity in China’s coal and steel industries will send 1.8 million workers, or 15 percent of the workforce, packing. While no time frame was given, the major employee cuts underpin shrinking demand in China’s industrial sector and the overall slowing
Rio Tinto Completes Sales of Its Bengalla Coal JV to New Hope for $616 Million, Australia
March 3, 2016
Rio Tinto has completed the sale of its 40 percent interest in the Bengalla Coal Joint Venture in Australia to New Hope Corporation Limited for US$616.7 million. Rio Tinto has now announced or completed US$4.7 billion of divestments since January
Polymetal International to Acquire Dundee Precious Metals’ Kapan Mine for $25 Million, Armenia
March 3, 2016
Dundee Precious Metals Inc. has entered into a definitive agreement with Polymetal International Plc for the sale of its interest in the Kapan mine located in Armenia through the disposition of all of the issued and outstanding shares of Dundee
MNG Gold Acquires Endeavour Mining’s Youga Gold Mine for $25.3 Million, Burkina Faso
March 3, 2016
Endeavour Mining has received US$25.3 million upon simultaneously signing and closing the sale transaction of its non-core Youga Mine to MNG Gold. The total cash consideration is comprised of US$20 million for the asset and US$5.3 million for the cash-on-hand.
Monument Progresses Mine Development and Exploration Program at Burnakura Gold Project, Australia
March 3, 2016
Monument Mining Limited has progressed the Burnakura Gold Project aggressively including confirmation drilling over North of Alliance (NOA) and Tuckanarra deposits, open pit mine optimization, metallurgical test work for heap leach processing, crushing plant engineering design and environment studies; together
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