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Barrick Gold and Shandong Gold Sign $300 Million Cross Investment Agreement
September 27, 2018
Barrick Gold has entered into a $300 million mutual investment agreement with China’s mining company Shandong Gold Group. The transaction is aimed at further strengthening Barrick’s partnership with one of China’s leading mining companies. Under the Agreement, Shandong Gold will
Peabody Statement on North Goonyella Mine Gas Levels, Queensland
September 26, 2018
Gas levels at Peabody’s North Goonyella Mine in Queensland have been variable and remain elevated, with employees and other personnel remaining above ground. Safety is Peabody’s number one priority, and our focus has been on conducting a methodical approach to
Cementation Canada Awarded Design, Construction Contract for Glencore’s Craig Mine Shaft
September 25, 2018
Cementation Canada won the design and construction contract for a new internal shaft for the Onaping Depth nickel project by Glencore. The winze will be sunk from the Craig mine where production was suspended in 2009. The contract calls for
ArcelorMittal Seeks Mining Lease in Jharkhand
September 25, 2018
The Delhi High Court on Thursday sought the Center’s as well as the Jharkhand government’s stand on a plea by the Indian arm of ArcelorMittal challenging the rejection of its application for a mining lease for its proposed Rs 50,000
Philippines House of Representatives to Ban Open Pit Mining
September 25, 2018
The House of Representatives will approve a bill banning open-pit mining, which has been blamed for flooding and landslides that have resulted in innumerable deaths. “We will have a bill expressly prohibiting open-pit mining. That is a priority of President
Barrick Gold to Acquire Randgold for $18.3 Billion
September 25, 2018
Canadian mining giant Barrick Gold agreed Monday to buy Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will
Great Panther Silver to Acquire Brazilian Gold Producer Beadell Resources
September 25, 2018
Canadian miner Great Panther Silver has agreed to acquire Brazilian gold producer Beadell Resources in an all-stock deal to create a new growth-oriented precious metals producer focused on the Americas. The enlarged company resulting from the merger of Great Panther
Coal Remains Top Global Energy Generator
September 25, 2018
Coal serves as the chief source of global energy generation, having produced 38 percent of the world’s electricity last year, according to a report released by the Institute for Energy Research (IER). IER officials said coal’s contribution to the world’s
Axiom Mining Secures Mining License for Isabel Nickel Project, Solomon Islands
September 24, 2018
Axiom Mining said that its subsidiary Axiom KB has secured mining lease from the Solomon Islands government for the San Jorge nickel deposit at the Isabel Nickel Project. The mining lease awarded by the country’s Minister for Mines allows Axiom
Colombian Rebels Kill Three of Continental Gold’s Employees in Yarumal
September 24, 2018
Colombia’s military says a holdout rebel faction has attacked a mining camp run by Toronto-based Continental Gold Inc. and killed three of its workers. The attack occurred in Yarumal, a mountainous area of Antioquia Province, where Continental Gold is conducting
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