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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
Contest Underway to Name 1,100+ Carat Type IIa Diamond Recovered from Lucara’s Karowe Mine, Botswana
February 5, 2016
Lucara Diamond Corp. has a contest underway for the official naming of the extraordinary 1,100+ carat Type IIa diamond recovered in November of last year from the company’s Karowe mine in Botswana. This beautiful, gem quality diamond is the largest
Peninsula Mines Files Tenement Applications for Lithium Projects, Korea
February 5, 2016
South Korean lithium explorer Peninsula Mines has filed tenement applications over a number of prospects in South Korea prospective for lithium where exploration work is ongoing. One of these is the Dongsugok prospect that is adjacent to the Boam lithium
Ariana’s Latest Drilling Results Could Extend Mine Life for Kiziltepe Gold-Silver Mine, Turkey
February 5, 2016
Ariana Resources has hailed results from final phase drilling at the Kiziltepe mine area in Turkey, which could lead to further increases in the mine life. Kiziltepe is currently being constructed and will be 50 percent owned by the firm
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