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EMR Capital to Acquire BHP’s Cerro Colorado Copper Mine, Chile
June 21, 2018
Mining giant BHP has agreed to offload its Cerro Colorado copper mine in Chile to EMR Capital, a specialist resources private equity manager, in a deal worth up to $320m. Located in the Atacama Desert in northern Chile, the Cerro
Rio Tinto to Invest $2.2 Billion on Replacement Iron Ore Mines, Western Australia
June 21, 2018
Mining giant Rio Tinto has revealed its plans to spend about $2.2bn over the next three years on replacement mines for its iron ore production in Western Australia’s Pilbara region. Initial funding will be allocated for the developments of the
Coal Import Restrictions Eased in China as Summer Electricity Demand Boosts Prices
June 21, 2018
The Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concerns about higher prices and regional power shortages, as demand for electricity jumps during the peak summer months. Limits on how quickly customs
Centerra Gold Receives Pastureland Permit for Öksüt Project, Turkey
June 20, 2018
Centerra Gold’s wholly-owned Turkish subsidiary, Öksüt Madencilik Sanayi ve Ticaret A.S. (OMAS) has received approval of its pastureland permit for the Öksüt Project located in central Turkey. OMAS has also received notice from the Kayseri Directorate of Food, Agriculture and
First Bauxite Breaks Ground at Bonasika Bauxite Project, Guyana
June 19, 2018
First Bauxite, a Canadian natural resources company said that its subsidiary Guyana Industrial Minerals has commenced construction on the Bonasika Bauxite Project in Guyana. Expected to last about 18 months, the project construction will involve development of a mine site,
CIMIC Group Secures Contract for BHP’s South Flank Project, Western Australia
June 19, 2018
CIMIC Group company, CPB Contractors has been selected by BHP Iron Ore to deliver the construction of bulk earthworks, concrete and underground services for the South Flank project in Western Australia’s Pilbara region. Revenue to CPB Contractors for this construct-only
Greatland Starts Exploration at Black Hills License, Western Australia
June 19, 2018
Greatland Gold, a precious and base metals exploration and development company, has launched its first exploration campaign at its 100 percent owned Black Hills license in the Paterson region of Western Australia. Greatland’s first exploration campaign at Black Hills, which
Two Activists Killed in Protests Against Sand Mining in Faraba Banta, Gambia
June 19, 2018
Gambian police say two environmental activists were killed during protests against a sand mining company as they clashed with paramilitary forces. The Inspector General of Police said in a statement that clashes erupted early Monday between Gambian forces and activists
BHP Approves $2.9 Billion for South Flank Project, Western Australia
June 18, 2018
The BHP Board has approved US$2.9 billion (BHP share; US$3.4 billion 100 per cent)1 in capital expenditure for the South Flank project in the central Pilbara, Western Australia. The South Flank project expands the existing infrastructure at Mining Area C,
China Investing in Congo’s Copper Mining Riches
June 18, 2018
China is making another big bet on copper in the Democratic Republic of Congo, deepening its presence in a country that’s proved very difficult for Western business. Congo holds huge reserves of copper, but is also one of the hardest
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