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Strategic Minerals Moves Away from Bulks like Iron and Coal, to Focus on Nickel Project, Australia
February 5, 2016
Strategic Minerals has moved away from bulks like iron and coal, securing an option to acquire up to 50 percent of an Australian firm with nickel and rare earth exploration potential. The firm has the right to acquire up to
BHP Mining’s Spin-off South32 to Cut 620 Jobs
February 5, 2016
BHP Billiton spin-off South32 will slash 620 jobs and has flagged widespread job losses in Australia after revising down its commodity price forecasts. South32 expects to book $US1.7 billion ($A2.37 billion) in writedowns as it slashes costs and production volumes
Albemarle Approved to Increase Lithium Brine Extraction Rates, Enters Lithium Quota MOU, Chile
February 4, 2016
Albemarle Corporation has been granted approval by the Environmental Assessment Commission (CEA) of the Antofagasta Region to increase its currently authorized lithium brine extraction rate at the company’s facility in the Salar de Atacama, Chile. The increase will enable the
Newmarket Gold Pours Its One Millionth Ounce at Fosterville Gold Mine in Victoria, Australia
February 4, 2016
Newmarket Gold’s flagship Fosterville Gold Mine, the largest producing gold mine in Victoria, Australia, poured its one millionth ounce of gold on January 7, 2016. This important milestone represents more than 11 years of continuous operations since mining commenced in
East Africa Metals Acquires Adyabo Gold-Silver Project, Ethiopia
February 3, 2016
East Africa Metals Inc. has acquired the Adyabo gold-silver project in Ethiopia. The company received confirmation from the holder of a 20 percent participating interest on the Adyabo property that it wishes to convert its 20 percent interest to a
Sierra Metals Discovers Significant New High Grade Zone at Its Yauricocha Mine, Peru
February 3, 2016
Sierra Metals Inc. has discovered a new high grade sulfide zone, referred to as the “Esperanza” zone, located 400 meters north of the central mine area, along strike from current mining activities. The discovery comes as part of ongoing drill
Indo Mines to Acquire Indonesian Mining and Oil Services Supplier
February 2, 2016
Indo Mines will add an interesting asset to its portfolio after signing an agreement to acquire control of an Indonesian mining and oil services supplier. Indo Mines will acquire a 51 percent stake in Sapex Oil Tools Limited which has
Wolf Minerals Secures A$51 Million to Ramp Up Production at Drakelands Tungsten Mine, England
February 2, 2016
Devon-based tungsten miner Wolf Minerals has topped up its cash reserves with a £25mln (A$51m) equity facility while production at the mine ramps up. Resource Capital Fund VI, Wolf’s largest shareholder, is putting up the cash, with the equity to
Anglo American to Cut 4,000 Jobs in South Africa and Brazil in Cost-cutting Drive
February 2, 2016
Global Miner Anglo American is shedding 4,000 jobs as part of a drive to slash costs at its iron ore mines in South Africa and Brazil. Anglo’s Kumba Iron Ore vowed to streamline operations, cut costs and reduce jobs at
Viking Mines Sells Its Akoase Gold Project for $2 Million, Ghana
February 2, 2016
Viking Mines has banked a very handy US$2 million as part of the sale proceeds for its Akoase gold project in Ghana. Transfer of the licenses to the buyer of the West African project will commence and the $2 million
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