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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,
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
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
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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