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K92 Completes Financing to Restart Its Kainantu Gold Project, Papua New Guinea
February 8, 2016
K92 Holdings International Limited has entered into financing agreements with CRH Funding II Pte. Ltd., an affiliate of Cartesian Royalty Holdings and Cartesian Capital Group, consisting of a gold prepayment investment and an equity investment. Upon signing, K92 drew down
Centerra Gold Reaches Agreement with Mongolian Government to Advance Gatsuurt Project
February 8, 2016
The Mongolian Parliament has passed a resolution setting the state ownership interest in Centerra Gold Inc.‘s Gatsuurt Project at 34 percent and authorizing the government to complete negotiations with Centerra on the terms of such ownership. In October 2015, the
Tanzanian Royalty’s Subsidiary Tanzam Files Force Majeure for Buckreef Site Due to Unrest
February 8, 2016
Tanzanian Royalty Exploration subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of their
Africa’s Mineral Resources Minister Mosebenzi Zwane Visits Lily Gold Mine Following Mine Accident
February 8, 2016
Mineral Resources Minister Mosebenzi Zwane (MP) has lent his support and leadership at the Lily Gold Mine, following a mine accident, joining the department’s inspectors who are on site. At the start of the morning shift, the main crown pillar
$30 Million Grant Awarded to Fight TB in Southern Africa’s Mining Sector
February 8, 2016
The Global Fund to Fight AIDS, Tuberculosis and Malaria and a Regional Coordinating Mechanism (RCM) representing a group of ten Southern African countries has signed a landmark grant to pioneer innovative models to reduce high rates of tuberculosis (TB) in
Mineral Commodities Secures $4.5 Million to Enhance Mineral Sands Output at Tormin Project
February 5, 2016
Mineral Commodities has secured a A$4.5 million loan from Germany’s GMA Group that will optimize the range of output from the Tormin mineral sands project in South Africa. Under the deal, GMA, a major international player in garnet production, will
Austral Gold to Merge with Argentex Mining
February 5, 2016
Austral Gold is edging closer to a merger with Toronto listed Argentex Mining Corporation after the signing of a definitive agreement. This paves the way for Argentex to seek the approval of its shareholders for the deal first announced in
Australian Pacific Coal Secures $20 Million to Acquire Anglo American’s Dartbrook Assets, NSW
February 5, 2016
Nathan Tinkler helmed Australian Pacific Coal has proven the skeptics wrong by raising a tidy $20 million to finance the acquisition of an 83.33 percent interest in the Dartbrook thermal coal assets of the Hunter Valley. The funding has been
Renaissance Minerals Enters JV Agreement with Emerald Resources to Advance Okvau Gold Project
February 5, 2016
Renaissance Minerals has secured Emerald Resources as a development partner in a deal that will see the promising Okvau gold project in Cambodia advanced to a bankable level. The binding agreement will cover development of Renaissance’s entire Cambodian gold portfolio,
African Gold Group Completes Definitive Feasibility Study for Kobada Gold Project, West Africa
February 5, 2016
African Gold Group, Inc. has completed the definitive feasibility study for the Kobada Gold Project. The study demonstrates the robust nature of the project, with an “All In Sustaining Costs” of US$788 per ounce and free cash flow of US$122
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