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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
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
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