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Metro Mining Secures A$40 Million for Development of Bauxite Hills Mine, Australia
July 6, 2017
Sprott Private Resource Lending and Ingatatus AG Pty Ltd., a related party of Metro’s strategic cornerstone shareholder Balanced Property, have been selected to provide debt finance facilities of approximately A$40 million for the development of Metro Mining’s Bauxite Hills Mine.
Fluor Signs MOU to Support Future Projects with Saudi Arabian Mining Company Ma’aden
July 6, 2017
Fluor Corporation has signed a memorandum of understanding MOU with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects located within and outside the Kingdom of Saudi Arabia. Under the MOU, Fluor would be considered for conceptual; pre-front-end engineering
Driverless Bulldozers Set for Queensland Mining Trial, Australia
July 5, 2017
Toowoomba-based Wolff Group has invested in a mobile control room, where an operator is able to control up to four bulldozers at one time remotely. Vision from cameras mounted on the bulldozer is relayed to the operator in the room
Uzbekistan to Modernize Coal Industry
July 5, 2017
Uzbekistan President Shavkat Mirziyoyev has approved the Program for Further Development and Modernization of the Coal Industry until 2021, the Jahon information agency reported. The document was approved due to serious shortcomings revealed in the work of the Uzbekugol (Uzbek
New Heritage Trail Aims to Remember Westoe’s Mining Past, England
July 5, 2017
The history of South Tyneside’s last working mine is being kept alive with the launch of a heritage trail. Hundreds of people descended on Westoe Crown Village, yesterday, to see former miner Jimmy Rylance unveil a sign heralding the history
Gabriel Resources to Sue Romania Over Unbuilt Gold Mine
July 5, 2017
The Canadian mining company Gabriel Resources said Thursday it would sue Romania for $4.4 billion in alleged losses over a gold mine that Romania’s government decided not to approve following protests. The company said the lawsuit would be filed Friday
Congo Rebels Hold Convoy of Banro Mining’s Mine Trucks
July 5, 2017
Congo’s army says at least five people have been killed in fighting with an armed militia in the eastern South Kivu province since last week. Capt. Dieudonne Kasereka, army spokesman in South Kivu, said Monday that Mai Mai rebels have
Kenya Reviews Mining Laws as Industry Struggles to Grow
July 5, 2017
Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the U.K. Department for International Development-funded
Report Shows Coal Fired Power Plants is Best Option to Bring Down Australia’s Power Prices
July 5, 2017
A flash low emissions coal-fired power station is the most cost effective way to bring down Australia’s rising power prices while being environmentally conscious a report released today has revealed. Energy sector consultants Solstice Development Services and engineers GHD examined
Lundin Gold Commences Construction of Mine Facilities at Fruta Del Norte, Ecuador
June 28, 2017
Lundin Gold Inc. has started construction of the mine development support facilities on its 100 percent owned Fruta del Norte Project (FDN) in Ecuador. In addition, the company has completed a project update for FDN. The update is based on
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