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Pacton Gold to Acquire 70% Stake in Clancy’s Hong Kong Project
October 12, 2018
Pacton Gold has entered into a binding letter of intent (LOI) to acquire a 70 percent stake in the Hong Kong project from Clancy Exploration. The acquisition of this strategic exploration license adjoining Pacton’s Friendly Creek and Golden Palms projects
Edenville Energy Secures Coal Supply Contract from East African Industrial Group
October 12, 2018
Edenville Energy announced that it has signed a significant contract for the supply of a specialized coal product to an industrial group operating in East Africa. The customer will use the coal as part of its manufacturing process. The terms
Vale Board Set to Approve $1 Billion for Salobo Copper Mine Expansion, Brazil
October 11, 2018
Reuters reported that the board of Vale is close to approving a USD 1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world’s top iron ore miner seeks to diversify and take
Rio Tinto and Hancock Prospecting Open New Mine at Hope Downs, Western Australia
October 11, 2018
Rio Tinto and Hancock Prospecting recently opened a new mine at Hope Downs in the Pilbara, Western Australia. The joint venture partners also approved an investment in greater automation, driving productivity and improving safety. Development of the Baby Hope deposit
Maroon Gold to Undertake Mining Operations at Laneway’s Agate Creek Gold Project, Australia
October 11, 2018
Maroon Gold has agreed to take up mining operations on behalf of Laneway Resources at the latter’s 100 percent owned Agate Creek Gold Project in North Queensland, Australia. As per the mining and processing agreement signed by the parties, Maroon
India’s Iron Ore Imports Increase 190%
October 11, 2018
Iron ore imports into the country zoomed 190 percent to 6.34 million tonnes (mt) during April-August, the first five months of this financial year. Data from the Pellet Manufacturers Association of India (PMAI) show a projection of over 12 mt
Rio Tinto Receives National Recognition for Anti-domestic Violence Initiatives
October 10, 2018
Rio Tinto has been recognized at the 2018 Women in Resources National Awards (WIRNA) for its commitment to gender diversity and breaking the cycle of violence against women. At an awards breakfast at Parliament House in Canberra, Rio Tinto was
Golden Star Resources Secures $125.7 Million to Advance African Gold Sector
October 8, 2018
Golden Star Resources has secured a $125.7m investment from La Mancha, a Luxembourg-based private gold investment company. The relationship secures Golden Star’s platform for growth in Africa, while also strengthening the Company’s balance sheet. HIGHLIGHTS La Mancha has invested approximately
Court Blocks Expansion of RWE’s Coal Mine, Germany
October 8, 2018
A German court blocked the felling of an endangered forest Friday, drawing cheers from environmentalists who had protested against the expansion of a nearby coal mine. The Muenster administrative court issued a temporary halt to the clearing of Hambach Forest,
Centar Signs Exploration Deal in Afghanistan
October 8, 2018
A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country. Centar Ltd. said it hopes to begin exploration in two sites next year
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