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New Century Resources in Talks with Vale to Acquire Goro Mine
May 29, 2020
Brazilian miner Vale’s Canadian subsidiary and Australia-based New Century Resources have entered into exclusive talks regarding the sale of the former’s producing Goro nickel-cobalt mine (Goro mine) in New Caledonia. In this connection, New Century Resources has commenced a 60-day
Downer Wins $294 Million Contract for Fortescue’s Eliwana Iron Ore Mine, Australia
May 29, 2020
Downer EDI has won a contract from Fortescue Metals Group to provide early mining and maintenance services at the Eliwana iron ore mine. Valued at around A$450 million ($294.2 million), the 5-year contract is the second Eliwana project package to
Otso Gold Names Tetra Tech to Complete Feasibility Study to Restart Otso Gold Mine, Finland
May 28, 2020
Otso Gold has appointed Coffey Geotechnics, a Tetra Tech Company, to complete and publish an updated NI 43-101 feasibility study for the restart of the Otso Gold Mine. Tetra Tech is running a live model to support and optimize the
Australian State of Victoria Grants Payment Deferrals to Help Mining Firms Survive Coronavirus
May 27, 2020
Policymakers in the Australian state of Victoria have moved to support the region’s mining industry through the coronavirus crisis by deferring the collection of rents and annual fees. The policy amounts to an immediate saving of around 3.5 million Australian
Peabody to Suspend Operations for 59 Days at Wambo Underground Coal Mine, Australia
May 27, 2020
US energy firm Peabody will close its 2.5mn t/yr Wambo underground thermal and semi-soft coking coal mine in New South Wales (NSW), Australia to align production with weaker demand and offset the effect of lower coal prices. The firm will
Operations Halted at AngloGold Ashanti’s Mponeng Mine After COVID-19 Outbreak, Africa
May 27, 2020
Operations at the world’s deepest gold mine, in South Africa, have been halted after 164 cases of coronavirus were detected there. The Mponeng mine, like all others in the country, resumed operations last month after being closed in March as
Pembroke Resources’ Olive Downs Coal Project Receives Federal Environmental Approval, Queensland
May 26, 2020
Pembroke Resources has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (EPBC) Act for its Olive Downs Coking Coal Project in Central Queensland. The EPBC approvals, together with the grant
Sierra Metals Releases COVID-19 Update for Its Operations in Peru and Mexico
May 26, 2020
Sierra Metals said that the Peruvian Government has extended its state of emergency and a nationwide lockdown to fight the COVID-19 pandemic until June 30, 2020. President Martin Vizcarra, said the latest extension, would come with the reopening of certain
India Approves New Auction Process for Awarding Coal and Lignite Blocks
May 22, 2020
As part of India’ strategy to revive economic activity, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a new auction process for awarding coal and lignite blocks on revenue sharing basis. Earlier, blocks were awarded on a fixed
Chinese State-owned Utilities Warned Off Australian Thermal Coal
May 22, 2020
China’s National Development and Reform Commission has told five major state-owned utilities not to buy Australian thermal coal for the time being, in a move to boost domestic prices, market sources said. Deals for Australian thermal coal cargoes transacted on
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