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NEWS Click on text to read news by category: General | Product | People | Worldwide

Ritchie Bros. Acquires Online Equipment Listing Service Mascus, Europe

February 24, 2016

Ritchie Bros. Auctioneers Incorporated has acquired Mascus International Holding BV. The acquisition expands the breadth of equipment disposition and management solutions Ritchie Bros. can offer its customers. Mascus operates a vibrant online equipment listing service, with more than 360,000 items

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China to Close Down 1,000 Coal Mines

February 24, 2016

China plans on shuttering 1,000 coal mines in 2016 in hopes of puling the country’s coal industry up and out of its glutted doldrums. On Monday the country’s National Energy Administration (NEA) posted a notice on its website announcing its

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Zimbabwe Government Seizes Mining Operations in Diamond-rich Marange Area

February 24, 2016

The government has taken control of all mining in the diamond-rich Marange area after private companies were ordered to halt all operations because their licenses had expired, the mining minister said on Monday. All diamond mining will now be managed

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Premier African Minerals Begin Processing Underground Ore at RHA Tungsten Mine, Zimbabwe

February 24, 2016

Premier African Minerals has started to process underground ore at its RHA tungsten mine in Zimbabwe. George Roach, chairman and chief executive, said: “I am happy to report that our plant at RHA is now back in operation and processing

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Saracen Pours First Gold at Thunderbox Gold Project, Western Australia

February 24, 2016

Mid-tier gold producer Saracen Mineral Holdings has now poured its first gold from the wholly-owned Thunderbox Gold Project in Western Australia. Thunderbox gives the company the level of production and cashflow sought after by international investors, while enabling it to

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Minbos Resources Raises $3.4M for Bankable Feasibility Study for Its Phosphate Project, Angola

February 23, 2016

Minbos Resources will receive $3.4 million in funding to complete a Bankable Feasibility Study on its high grade phosphate project within the Cabinda Province of Angola. The placement to Green Services Innovations Ltd, a British Virgin Islands company, will involve

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Kibaran Resources Raises $2 Million for Development of Epanko Graphite Project, Tanzania

February 23, 2016

Kibaran Resources has raised $2 million at $0.15 each to progress the due diligence process for financing the development of the Epanko Graphite Project in Tanzania. KfW IPEX-Bank, the development funding agency of the German Government, was undertaking due diligence

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Latin American Minerals Progressing with Paso Yobai Mine and Processing Operations in Paraguay

February 23, 2016

Latin American Minerals Inc. is progressing with mining and exploration at its Paso Yobai gold mining operation in Paraguay. In order to determine the most efficient and cost effective methods for producing gold from the company’s operation, the services of

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Cluff Natural Resources Extends Halliburton Arrangement for Gas Portfolio and UCG Assets

February 23, 2016

Cluff Natural Resources has told investors that it has extended its arrangement with US oil and gas services group Halliburton for a further two year. The arrangement secures Halliburton’s support for CLNR’s Southern North Sea gas portfolio, which comprises five

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Oro Verde, Newcrest Mining Aim for Multi-million Gold Ounces at Topacio Project, Nicaragua

February 23, 2016

Oro Verde and major gold partner Newcrest Mining have begun an aggressive exploration program to find a substantial gold deposit in the South American nation of Nicaragua. In the sights of the farm-in between the companies is potentially a multi-million-ounce,

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