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Government of Greenland Awards Bluejay Mining Prospector and Developer of the Year 2017
March 8, 2018
Greenland Bluejay Mining with projects in Greenland and Finland has been awarded “Prospector and Developer of the Year 2017” by the Government of Greenland. This award is given to companies or individuals who have demonstrated initiative and innovation within Greenland’s
Barrick Comments on Potential Impact of Papua New Guinea Earthquake
March 7, 2018
Barrick Gold Corporation confirmed that the power generation facility that supplies electricity to the Porgera Joint Venture mine experienced significant damage during the 7.5 magnitude earthquake that struck Papua New Guinea on Feb. 26, 2018. The company said that all
Mahanadi Coalfields Receives Expansion Approval for Its Lakhanpur Opencast Mine, India
March 6, 2018
Economic Times reported that Mahanadi Coalfields Ltd has received green nod for the second phase expansion of its Lakhanpur opencast coal mine located in Jharsuguda district, Odisha that would entail an investment of INR 436.79 crore. The proposal is to
CDE Group to Aquire Caterpillar’s Factory in Newtownabbey, Ireland
March 6, 2018
A Tyrone mining products company is to buy the factory being vacated by Caterpillar in Newtownabbey. The move could lead to new jobs in the area. CDE Group, based in Cookstown, will take over the Monkstown manufacturing plant in September,
Seriti CEO Teke Keen to Study Bid for Guptas’ Optimum Coal Mine, Africa
March 6, 2018
Bloomberg reported that Seriti Resources Holdings Ltd would consider purchasing Optimum Coal Mine, which is under administration and linked to the politically connected Gupta family. Optimum acquired by a company part-owned by the Gupta family from Glencore Plc in December
Essar Power’s Tokisud North Coal Mine in Jharkhand to Be Cancelled, India
March 6, 2018
Economic Times stating that the performance of Essar Power has not been up to the mark with regard to making operational a coal mine in Jharkhand, a senior official said the government may cancel the coal block allotted to firm
Indonesia Coal Prices Hit Five Year High
March 6, 2018
Economic Times reported that Indonesian Coal Benchmark Price was set at USD 101.86 per tonne for March. Mr. Agung Pribadi a spokesman of energy ministry told reporters that “Production has been limited because of weather and demand is still high.”
Congo President Kabila to Meet With Mining Companies Over Tax and Royalty Mining Code Revision
March 6, 2018
Global Times reported that Democratic Republic of Congo President Joseph Kabila will meet mining company representatives to discuss a mining code revision awaiting his signature that would raise taxes and royalties. The bill was adopted by parliament late in January
Goa GMOEA to Inform Prime Minister’s Office of Mining Ban Impact
March 6, 2018
Indian Express reported that Goa iron ore miners’ body GMOEA on Sunday said it will inform the Prime Minister’s Office about the adverse impact of the closure of mining operations on those dependent on the industry and the loss of
Goa Government Redistributes Extraction Limit Among Operational Mines
March 6, 2018
TNN reported that with less than a fortnight to go for mining operation to stop as mandated by the Supreme Court, the directorate of mines and geology has redistributed the extraction limit among operational mines to achieve the 20 million
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