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Constellium to Sell Sierre Plant Assets for $247 Million, Switzerland
February 12, 2018
Constellium NV announced that it signed a binding agreement with Novelis to sell the North Building Assets of its Sierre plant in Switzerland, which have been leased and operated by Novelis since 2005, and to contribute the plant’s shared infrastructure
18 Killed as Venezuela Army Takes Control of Wildcat Mine
February 12, 2018
At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday. The confrontation was confirmed to The Associated Press by an
First Quantum, Musele Chamber of Commerce Partner to Launch to Website to Help Local Businesses
February 12, 2018
First Quantum Minerals (FQM) and the Musele Chamber of Commerce in North-Western Province have partnered to launch a new website to publicize opportunities for local businesses. The online membership database portal will display tenders posted by FQM subsidiary Kalumbila Minerals
Guyana Goldfields’ Aurora Gold to Invest $120 Million to Develop Underground Gold Mine
February 6, 2018
Guyana Goldfields/ Aurora Gold Mines (AGM) intends to invest US$120 million in conducting underground gold mining for the first time in Guyana’s history, company officials announced Sunday. AGM’s President and Chief Executive Officer, Scott Caldwell said “we want to become
Democratic Republic of Congo on Collision Course with Mining Companies Over Tax Rises
February 6, 2018
FT reported that Democratic Republic of Congo is heading for a stand-off with some of the world’s largest mining companies after legislators passed a revised mining law that is set to increase taxes on cobalt, an important metal for electric
JSW Steel to Bid for 8 Mines in Karnataka, India
February 6, 2018
JSW Steel announced that the biggest Indian steelmaker, plans to bid for eight mines in Karnataka that have been opened up for auctions. The last day for putting in the bids is March 12. Mr Seshagiri Rao, Joint Managing Director
Cautious Optimism in Queensland’s Coal Country as Mining Industry Recovers from Downturn
February 6, 2018
The mining downturn hit central Queensland hard, with a housing market crash in Gladstone after the LNG boom and significant job losses in mining towns such as Blackwater, Emerald, Tieri and Middlemount. But now, a few years later, a major
Hundreds of Workers Rescued from Beatrix Gold Mine, South Africa
February 5, 2018
More than 900 miners have been rescued after being trapped in a South African mine for at least 24 hours following a loss of power. South Africa’s Department of Mineral Resources announced Friday morning that all remaining miners had been
Bangladesh Begins Construction of Matarbari Ultra Super Critical Coal-fired Power Plant
February 5, 2018
State-owned Coal Power Generation Company Bangladesh (CPGCBL) has broken ground on a 1.2GW Matarbari power plant in Cox’s Bazar District, Bangladesh. To be built with an investment of BDT360bn ($4.33bn), the Matarbari power plant is an ultra super critical coal-fired
New Century Resources on Track to Restart Century Zinc Mine, Queensland
February 5, 2018
Fin News Network reported that Zinc miner New Century Resources is on track for the operational restart of the Century zinc mine in Queensland, after announcing results of its feasibility study during the quarter. The miner said that permits are
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