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Adani Power to Build $2.2 Billion Coal Fired Power Plant in Jharkhand, India
February 9, 2016
Adani Power Ltd will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand state, two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade. The
Luxembourg Ministry of the Economy Launches Initiative to Back Asteroid Mining
February 9, 2016
One small step for a man, one giant leap for a duchy: Mining asteroids for minerals is one step closer to reality after tiny Luxembourg announced plans Wednesday to help the fledgling industry get into orbit. The Luxembourg Ministry of
Richland Resources Ramps Up Production at Its New Sapphire Operations, Queensland
February 9, 2016
Richland Resources has exceeded production targets and notched up first revenues from its new sapphire operation in Queensland, Australia. The miner produced 720,000 carats in the three months to December as it continued to ramp up to full production. Over
Xtract Gets Green Light to Re-start Chepica Gold Processing Plant, Chile
February 9, 2016
Xtract Resources has been granted permission to re-start its processing plant at the Chepica gold mine in Chile. Ore will start to be processed again tomorrow morning and be back to full capacity in a few days, Xtract said. The
Kibo Mining Completes First Phase of IBFS for Its Mbeya Coal to Power Project, Tanzania
February 9, 2016
Kibo Mining has completed the first phase of Integrated Bankable Feasibility Study (IBFS) for the Mbeya coal to power project in Tanzania. Before Mbeya can advance to financial close, it must first deliver an appropriately competent IBFS that meets internationally
China Stops Approvals of New Coal Mines
February 8, 2016
China won’t approve any new coal mines before the end of 2019, the State Council said on February 5, as authorities work to slash overcapacity in the industry. The country will shut down 500 million tonnes of capacity and consolidate
Golden Star Advances with Underground Work at Its Wassa Gold Mine, Ghana
February 8, 2016
Golden Star has provided an update on exploration activities at its Wassa gold mine in Ghana. The Wassa Underground has advanced significantly since development began in July 2015, from a single orebody (the B Shoot) to adding the F Shoot
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
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