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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
World Coal Association: India Needs International Support on High Efficiency Coal
February 16, 2016
World Coal Association Chief Executive Benjamin Sporton has said the critical role of coal in driving economic development in India meant the international community should support advanced coal technologies in the country. “India has made it very clear that coal
Caterpillar Names Rimco Official Dealer for Cuba
February 16, 2016
Caterpillar Inc. has selected Rimco, a privately owned Puerto Rico-based company, to be the Cat dealer for Cuba. Currently, Rimco serves as the Cat dealer for Puerto Rico and the Eastern Caribbean. Upon easing of trade restrictions, customers in Cuba
Ariana Resources Making Rapid Progress with Construction of Its Kiziltepe Gold Mine, Turkey
February 16, 2016
Ariana Resources managing director Kerim Sener said its local partner Proccea is making “rapid progress” with the construction of the pair’s Kiziltepe Mine in Turkey — and it remains on course for first gold pour in the second half of
Rescuers to Suspend Search After Second Mine Collapse at Vantage Goldfields’ Gold Mine, S. Africa
February 16, 2016
The manager of a collapsed South African mine says rescuers were forced to suspend a search for three people trapped underground for more than a week. Lily gold mine manager Mike Begg said rescue teams were evacuated after a second
Metal Tiger Looking at New JV Venture in Gold Property in Spain
February 16, 2016
Metal Tiger is looking to extend its joint venture in Extremadura, Spain, by taking a stake in another prospect owned by partner MEN. The two companies already have a joint venture covering the Logrosán and Zorita licenses, but Metal Tiger
Glencore Enters $500 Million Streaming Agreement with Franco-Nevada for Antapaccay Mine, Peru
February 15, 2016
Narila Investments Ltd., a wholly-owned subsidiary of Glencore, has entered into an agreement with Franco-Nevada (Barbados) Corporation, a wholly-owned subsidiary of Franco-Nevada Corporation, for delivery of gold and silver calculated by reference to copper produced at the Antapaccay mine, located
Almonty Industries Signs Five-year Off-take Agreement for Panasqueira Mine, Portugal
February 15, 2016
Almonty Industries Inc. has signed a new off-take agreement at its Panasqueira mine for an initial five-year term. Almonty has also signed an amendment to its existing supply agreement at Los Santos extending the term for an additional 5 years,
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