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Lucara Winning Results for Naming Its 1,111 Carat Diamond is Lesedi La Rona

February 15, 2016

Lucara Diamond Corp. has released the winning name for the 1,111 carat gem quality diamond recovered in November, 2015. The diamond has been named “Lesedi La Rona” which means Our Light. The winner of the competition is Thembani Moitlhobogi who

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Lydian Secures $40 Million from IFC for Construction of Its Amulsar Gold Mine, Armenia

February 12, 2016

IFC, the investment arm of the World Bank, is to contribute to the funding of Lydian’s Amulsar gold mine in Armenia. Already a 7.9 percent shareholder in Lydian, the IFC will provide US$40mln of the finance for Amulsar. Lydian agreed

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Engie Closes Rugeley Coal-fired Power Plant, Eggborough Power Plant Gets Stay of Execution, England

February 12, 2016

Engie has announced the closure of the Rugeley coal-fired power plant in England. The 1 GW plant will close in the summer with the loss of 150 jobs and Engie stated that present market conditions made it too unprofitable to

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Time Running Out for Trapped South African Gold Mine Workers

February 12, 2016

Time is running out to save the three mine workers trapped in a South African gold mine since Friday, the mining union’s president has warned. Joseph Mathunjwa spent the night underground with the rescue team. The three were working above

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Western Australia Mines Minister Bill Marmion to Visit Toro Energy’s Wiluna Uranium Project

February 12, 2016

Today the Western Australian Mines and Petroleum Minister, Hon. Bill Marmion, will visit Toro Energy’s 100 percent owned Wiluna Uranium Project. He will be accompanied by the Director General of the Department of Mines and Petroleum, Richard Sellers. The Wiluna

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Valmet to Supply a Flue Gas Desulphurization at CIECH Soda Polska Coal-fired Power Plant, Poland

February 12, 2016

Finland’s Valmet has signed a contract with CIECH Soda Polska for the supply of a flue gas desulphurization plant (FGD) to Soda Polska’s Janikowo combined heat and power (CHP) plant in Poland. This is the second order of a FGD

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Platinum Group Metals Completes Hot Commissioning Test for Maseve Platinum Mine, Rustenburg

February 11, 2016

Platinum Group Metals Ltd. has reported the Maseve (formerly WBJV Project 1) Platinum Mine has successfully completed its 72 hour run test during hot commissioning of its concentrator facility. The mine has produced its first concentrate for delivery to the

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Revelo Enters $3.65 Million Agreement to Acquire Austral Gold’s San Guillermo Project, Chile

February 10, 2016

Revelo Resources Corp. has signed an option and sale agreement with Guanaco Cia. Minera SpA, a wholly owned Chilean subsidiary of Austral Gold Limited, whereby Austral will have the sole and exclusive option and right to acquire a 100 percent

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Tanzanian Royalty Exploration Makes First Gold Pour at Buckreef Gold Mine, Tanzania

February 10, 2016

Tanzanian Royalty Exploration Corporation’s 55 percent owned Buckreef Re-Development Gold Project in the Republic of Tanzania has successfully completed its first gold pour. First gold has been poured from the pilot carbon-in-column (CIC) process plant at the project. The timing

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Gerald Metals and Shanghai Pengxin Mining Enter JV Agreement to Supply, Market Copper and Cobalt

February 10, 2016

Gerald Metals SA, a member of Gerald Group, and Shanghai Pengxin Investment Co., Ltd., a subsidiary of Pengxin International Mining Co., Ltd., entered into a joint venture agreement in Shanghai on January 28, 2016, to work jointly in procuring, producing,

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