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NEWS Click on text to read news by category: General | Product | People | Worldwide

Sheffield Awards $264 Million EPC Contract for Thunderbird Mineral Sands Project, Australia

November 12, 2018

Sheffield Resources has awarded an engineering, procurement and construction (EPC) contract worth A$366.3m ($263.6m) to GR Engineering Services to build a mineral processing plant for the Thunderbird Mineral Sands Project in Australia. The first stage of the Thunderbird Mineral Sands

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Barrick and Randgold Receive Merger Clearance from South African Competition Tribunal

November 9, 2018

Barrick Gold Corporation and Randgold Resources Limited have received unconditional clearance from the South African Competition Tribunal for their proposed share-for-share merger. The merger remains subject to the satisfaction or waiver of the outstanding conditions set out in Part A

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Trek Mining Finalizes $85 Million Construction Facility for Aurizona Gold Mine, Brazil

November 9, 2018

Trek Mining Inc. has entered into a definitive credit agreement through its wholly-owned Canadian subsidiary, Aurizona Goldfields Corporation, with Sprott Private Resource Lending to provide a US$85 million (C$109 million) secured project credit facility that will be used for the

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Perseus Mining Completes Scoping Study for Yaouré Underground Gold Mine, Africa

November 8, 2018

Perseus Mining Limited completed a scoping study for a potential underground mine at Yaouré. An executive summary of the associated release is provided below. Further details of the resource and study are included in the Company’s market release dated November

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Merdeka Copper Gold Acquires Stake in Pani JV for $55 Million, Indonesia

November 8, 2018

Merdeka Copper Gold will become Lion’s joint venture partner in the Pani Joint Venture (Pani JV) after agreeing to pay $55m cash to buy a 66.6 percent joint venture interest from Lion’s existing joint venture partner. The purchase price paid

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Vale and BHP Submit Mine Plan for Samarco Mine, Brazil

November 8, 2018

Reuters reported that Vale CFO Luciano Siani said that a business plan for Samarco, a joint venture of Vale and BHP Ltd in Brazil, had been sent to the company’s creditors this week, a key step toward resuming operations at

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BHP Suspends Pilbara Rail Operations Following Runaway Iron Ore Train

November 8, 2018

BHP has suspended its rail operations in the Pilbara region of Western Australia after a train carrying 268 wagons of iron ore traveled 92km without a driver, prompting an investigation from the Australian Transport Safety Bureau (ATSB). The train was

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Rinehart’s Hancock Prospecting Delivers $1.37 Billion Profit

November 8, 2018

Gina Rinehart’s sprawling iron ore and cattle interests have delivered her private company Hancock Prospecting a 28 percent surge in annual profit to a massive USD 1.37 billion. The company’s annual report lodged with the Australian Securities and Investments Commission

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Surge Exploration and CAP Mineria to Acquire Atacama Cobalto Project, Chile

November 7, 2018

Surge Exploration’s board of directors has approved the final terms of the definitive option agreement alongside the board of directors for Compañía Minera del Pacífico S.A. (CAP Mineria) to acquire up to 100 percent of the Atacama Cobalto Exploration Property

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Laramide Completes Acquisition of Rio Tinto’s Murphy Uranium Project, Australia

November 7, 2018

Laramide Resources Ltd. has completed the conditions precedent for the acquisition of the Murphy Project from Rio Tinto Exploration Pty Limited. The company now holds a 100 percent interest in the Murphy Uranium Tenements in the Northern Territory of Australia,

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