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Renaissance Minerals Secures $3.4 Million to Develop Its Okvau Gold Deposit, Cambodia
February 10, 2016
Renaissance Minerals has raised a tidy $3.4 million at $0.03 each for development of its Cambodian gold project from sophisticated and institutional investors. The Okvau deposit has a 1.1 million ounce resource grading 2.2g/t gold although this appears likely to
Armadale Completes Preliminary Results of Feasibility Study for Mpokoto Gold Project, DRC
February 10, 2016
Armadale has received the preliminary results of the feasibility study for Phase 1 of the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo. The study is based on the intended initial phase of mining at
Policy Reversal Gives Japan Green Light to Build New Coal-fired Power Plants
February 10, 2016
In a policy back flip Tuesday, the Environment Ministry gave the green light to construction of new coal-fired power plants in exchange for power companies and the Ministry of Economy, Trade and Industry taking tougher measures to reduce global warming
India’s Minister of Coal Approves ‘Bridge Linkages’ for PSU Coal Mine Allottees
February 10, 2016
The Ministry of Coal has approved a proposal to grant a short-term coal linkage to central and state public sector units which have been allotted Schedule III coal mines. Under the Coal Mines (Special Provisions) Act, Schedule III coal mines
Aussie Gold Soars to More Than A$1670 an Ounce
February 10, 2016
The spot gold market opened about an hour ago (10am Sydney, Australia, time), and has added another couple of dollars to US$1192 an ounce. This comes after a 3.5 percent gain overnight, and a 5 percnet rally the week before.
China to Add Five New Nuclear Reactors Each Year Until 2030
February 10, 2016
Currently nuclear power delivers 2 percent of China’s energy needs, and the country remains the world’s largest energy consumer. According to estimates in the draft 13th Five-Year Plan, China will probably add five to six nuclear reactors every year starting
Three Trapped Miners at Makonjwaan Gold Mine Collapse Said to be Alive, South Africa
February 10, 2016
A building collapsed above a gold mine in South Africa on Friday, trapping dozens of people before they were saved. After several hours, only three people remained missing, a union spokesman said. Manzini Zungu, spokesman for the Association of Mineworkers
Monument Mining Enters Earn-In and JV Agreement on Matala Gold Project, Democratic Republic of Congo
February 9, 2016
Monument Mining Limited has entered into an earn-in and shareholders agreement with Afrimines Resources S.A.R.L and its wholly owned subsidiary, Regal Sud Kivu S.A.R.L to earn up to 90 percent joint venture interest in the Matala Gold Project. Afrimines and
Beacon Minerals Signs Ore Processing Agreement with Northern Star Resources, Western Australia
February 9, 2016
Beacon Minerals could soon have refractory ore from its Halleys East Project treated at Northern Star Resources’ processing facility Beacon Minerals could soon have refractory ore from its Halleys East Project treated at Northern Star Resources’ processing facility at Kanowna
Alecto Enters JV Deal with Randgold for Kossanto West Gold Project, Mali
February 9, 2016
Alecto Minerals has struck a joint venture deal with Randgold over its 137 sq km Kossanto West Gold Project in Mali, which sees the major fund all costs up to and including a pre-feasibility study. The project comprises the Kobokoto
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