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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
Keras Resources Secures Funding to Advance Grants Patch Gold Tribute Project, Western Australia
February 2, 2016
Keras Resources, formerly known as Ferrex, saw shares advance as it brought in £563,889 via a loan deal to get the Grants Patch Gold Tribute Project in Western Australia into production in the second quarter of 2016. The loan note
Havilah Resources Readies Its Portia Gold Mine for Production by April, South Australia
February 2, 2016
Havilah Resources is likely to mine gold from the Portia mine as early as April in far eastern South Australia, three months ahead of schedule, bringing forward cash flows from gold sales. The key has been a new mine plan
Stellar Diamonds Files Mining License for Tongo Dyke-1 Diamond Project, Sierra Leone
February 2, 2016
Stellar Diamonds’ mining license application for the Tongo Dyke-1 diamond project in Sierra Leone is making good progress, it said today. The National Minerals Agency has received the application and is considering it, while public disclosure meetings have been held
Four Miners Rescued in China After 36 Days Underground at Gypsum Mine
February 2, 2016
Four miners were rescued from a collapsed mine in eastern China on Friday after 36 days trapped underground, the state-owned Xinhua news agency reported. The gypsum mine in Shandong Province collapsed on Christmas Day when 29 miners were working below
Bear Creek Mining Continues to Advance Santa Ana and Corani Projects, Peru
February 1, 2016
Bear Creek Mining Corporation has released an update on its activities regarding the Santa Ana and Corani projects in Peru, and an outlook for 2016. “2015 was a productive year for Bear Creek, with the completion of the Corani optimized
Almonty Releases Updated Feasibility Study for Sangdong Tungsten Mine, South Korea
February 1, 2016
Almonty Industries Inc. has completed an updated feasibility study for the Sangdong tungsten mine in Gangwon Province, South Korea. “The feasibility study update being published today resulted from information gathered during Almonty’s due diligence associated with the acquisition of Woulfe
True North Gems Enters $21 Million Offtake Agreement with Chinastone for Aappaluttoq Mine, Greenland
February 1, 2016
True North Gems Inc. has entered into an offtake agreement with Chinastone Inc. The supply agreement obligates True North to supply and Chinastone to purchase a minimum of US$7M in rough gemstones per year for the next three years resulting
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