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Lucara Diamond Provides Operating Outlook for 2017
December 1, 2016
Lucara Diamond Corp. has provided an operating outlook for 2017. “2016 has been a successful year for Lucara with strong cash flows driven by revenues from the south lobe supported by our continued focus on cost control. Our performance resulted
Adani’s Carmichael Coal Mine Clears Another Legal Hurdle, Australia
November 28, 2016
The Carmichael coal mine planned for Queensland’s Galilee Basin has cleared another legal hurdle, with the state’s Supreme Court dismissing a legal challenge to the validity of the Queensland government’s decision to approve the project. The court found in favor
Giyani Gold Acquires Two Past Producing Manganese Mines, Zambia
November 22, 2016
Giyani Gold Corp. has signed a letter of intent (LOI) with Menzi Battery Metals Pty Ltd to acquire a 70 percent interest in two past-producing high-grade manganese mines in Zambia. The Kampumba and Chiwefwe Manganese open-pit mines operated between 1954
Lundin Mining to Sell Interest in TF Holdings to BHR Partners for $1.136 Billion, DRC
November 22, 2016
Lundin Mining Corporation has entered into a definitive agreement to sell its indirect interest in TF Holdings Limited to an affiliate of BHR Partners, a Chinese private equity firm, for $1.136 billion in cash and contingent consideration of up to
Outotec to Deliver Lithium Beneficiation Plant for AMG’s Mibra Mine, Brazil
November 22, 2016
Outotec and Advanced Metallurgical Group N.V. (AMG) have agreed on the delivery of a lithium beneficiation plant to AMG’s Mibra mine site in the State of Minas Gerais, Brazil. Outotec’s order value exceeds EUR$35 million. Outotec has been AMG’s partner
Tango Mining Names Mining Contractor for Oena Diamond Mine, South Africa
November 22, 2016
Tango Mining Limited has appointed African Mineral Recovery Solutions CC (AMRS) as contractor to immediately recommence bulk sampling of the Oena diamond mine located in the Northern Cape, South Africa. AMRS will pay a gross income of net diamond sales,
Freeport-McMoRan Completes Sale of Interest in TF Holdings to China Molybdenum for $2.65B, DRC
November 17, 2016
Freeport-McMoRan Inc. has completed the indirect sale of its 70 percent interest in TF Holdings Limited (TFHL) to China Molybdenum Co., Ltd. for $2.65 billion in cash. TFHL is a Bermuda holding company that indirectly owns an 80 percent interest
Lucara Brings in $38.7 Million from Its Stone Tender from Karowe Diamond Mine, Botswana
November 17, 2016
Lucara Diamond Corp. has produced excellent results from its second Exceptional Stone Tender of 2016. This tender of Karowe diamonds consisted of 12 single stone lots. All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US$38.70 million
TerraCom Signs Offtake Agreement with Kingho for Baruun Noyon Uul Coal Mine, Mongolia
November 16, 2016
Australian listed coal company TerraCom Limited, through its Mongolian subsidiary, has executed binding long form definitive agreements with a wholly owned subsidiary of the Kingho Group, one of the largest private coal companies in China, for a 5.5-year offtake of
WellDog, Shaanxi Energy Institute to Jointly Develop Coalbed Methane Fields in China
November 16, 2016
Energy-focused technical services company WellDog and Shaanxi Provincial Institute of Energy Resources and Chemical Engineering (SPIERCE) have signed a letter of intent to jointly develop coalbed methane fields in China. Through a joint venture, the partners will deploy reservoir, production
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