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Rio Tinto Authorizes Jadar Lithium-Borate Project Studies’ Funding After License Extension, Serbia
February 22, 2016
Rio Tinto has authorized funding to complete the pre-feasibility study of the Jadar lithium-borate project in Serbia. The Serbian government recently extended the exploration license agreement for the project. More than US$20 million will be directly invested in Serbia through
St. Augustine Receives Certification Precondition for King-king Copper-Gold Project, Philippines
February 22, 2016
St. Augustine Gold and Copper Limited’s joint venture partner, Nationwide Development Corporation (NADECOR) has been issued its certification precondition from the Philippine National Commission on Indigenous Peoples (NCIP). The certification precondition attests that NADECOR satisfactorily complied with the process requirements
Upgrades at StratMin’s Loharano Graphite Mine Starting to Pay Off, Madagascar
February 19, 2016
StratMin Global has reported sustained grade and volume improvements over the past month at its Loharano graphite mine in Madagascar. The plant has produced over 94 percent graphite concentrate, on demand and at volume for the first time, it said.
Ferrum Crescent Options Advanced Lead-Zinc Projects in Spain
February 19, 2016
Ferrum Crescent has optioned two interesting looking lead, zinc projects in northern Spain, one of which has seen 42 kilometers of historic drilling and analysis of the results will occur during due diligence. The projects are located in the provinces
Australia’s Resource Minister Sees Bright Future for Coal and Gas Sectors
February 19, 2016
Australia is in the box seat to capitalize on growing demand for mineral and energy exports, says Resources Minister Josh Frydenberg. But he said workplace laws needed further change, foreign investment encouraged and “unhelpful” restrictions to coal seam gas development
Kibo Mining Completes Metallurgical Test Results at Mbeya Coal-to-Power Project, Tanzania
February 19, 2016
Results from metallurgical test work at Kibo Mining’s Mbeya coal resource have increased management’s confidence in the coal-to-power project in Tanzania. The company sent a number of samples from its recent drilling program for analysis, with each composite sample being
Banro Closes $67.5 Million Stream Financing Relating to Twangiza Gold Mine, DRC
February 18, 2016
Banro Corporation has closed US$67.5 million of financing, representing the gold streaming transaction relating to the Twangiza mine with RFW Banro Investments Limited (RFWB), a subsidiary of the Baiyin Stream Partnership I, LP, a mining investment fund managed by Resources
Hargreaves Services Hit by UK Coal and Steel Pressures
February 17, 2016
The challenges in UK coal and steel hit the half year results of solid fuel provider Hargreaves Services, which reported a 82 percent drop in pre-tax profit and that it was cutting its dividend by 83 percent. Shares in the
Orinoco Gold Raises A$2.6 Million to Bring Cascavel Gold Project to Production, Brazil
February 16, 2016
Orinoco Gold has raised circa A$2.6 million at $0.17 a share from a non-renounceable entitlements issue, which included an attaching option. The funds will be used to bring its Cascavel Gold Project in Brazil into imminent production. The gold sector
GBM Resources Acquires Rio Tinto’s Copper-Molybdenum Project, Queensland
February 16, 2016
GBM Resources has taken advantage of opportunities arising in the resources sector, acquiring Rio Tinto’s advanced exploration copper - molybdenum project near the Mount Morgan mine in Central Queensland. Historic drilling at Moonmera single tenement saw some interesting intersections reported
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