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Iran, Italy, France Line Up Mining Deals
January 29, 2016
Iran’s mining sector is probably a new darling of foreign investors, with companies from China to Europe lining up to try their hand in one of the least developed industries in the resource-rich country. Iranian and Italian companies hope to
Four Fatalities in Underground Mine Fire at Impala Platinum Mine, Rustenburg
January 29, 2016
The Chamber of Mines has expressed its condolences to the families of four workers who died at the Impala Platinum Mine in Rustenburg, and has urged the industry to improve fire detection systems. The workers died of smoke inhalation after
MACH Energy to Acquire Rio Tinto’s Mount Pleasant Coal Assets for US$224 Million, Australia
January 28, 2016
Rio Tinto has reached a binding agreement for the sale of its Mount Pleasant thermal coal assets to MACH Energy Australia Pty Ltd for US$224 million plus royalties. With the recent binding agreement for the sale of Rio Tinto’s interest
Reservoir Minerals and Rio Tinto Complete Earn-In & JV Agreement for Timok Magmatic Complex, Serbia
January 28, 2016
Reservoir Minerals Inc. and Rio Tinto Mining & Exploration Limited have completed an earn-in and joint venture agreement. Under the terms of the agreement, Rio Tinto has the option to earn-in stages up to a 75 percent interest in Reservoir’s
GE Signs €40 Million Agreement with PGE to Modernize Coal Power Plant, Poland
January 28, 2016
GE’s Power Services business has secured orders valued approximately at €40 million with PGE Gornictwo i Energetyka Konwencjonalna S.A. (PGE GiEK S.A.), the largest utility in Poland, to upgrade generator and steam turbine assets at the Turow Power Plant. The
E tū to Close Its ROA Coal Mine, New Zealand
January 28, 2016
E tū will close its ROA coal mine in New Zealand. Workers at ROA Mine, near Blackball, were told that the company will suspend their underground operations as falling coal prices mean the mine is no longer economically viable. “The
ANTAM Ceases Mining Activities at Cikotok Gold Mine, Lebak Regency, Banten
January 28, 2016
PT ANTAM (Persero) Tbk has ceased gold mining activities at Cikotok gold mine, Lebak Regency, Banten. “The Cikotok gold mine has become a part of Indonesian history as it started operations during the colonial period in 1936 and then transformed
Vedanta Marks Final Shipment from Lisheen Zinc Mine, Ireland
January 27, 2016
Vedanta Ltd’s Lisheen Mine marked its final shipment of zinc on Thursday, January 21, 2016. Mining activity at the Lisheen Mine was concluded in November 2015, whilst milling ceased in December 2015, after 17 years of operation. “Lisheen has made
ACWA Power Signs Investment Agreement for $2.2 Billion Coal Power Project, Vietnam
January 27, 2016
ACWA Power and its consortium partner Taekwang Power have signed investment agreement with the Vietnam Ministry of Industry and Trade for the 1,200MW Nam Dinh 1 thermal power plant project. The $2.2bn power plant is planned to be built in
Praxair China Starts Up New Air Separation Plant for Coal Gasification Process
January 27, 2016
Praxair, Inc. has started up a large air separation plant in northern China for the Yankuang Guohong Chemical Co., Ltd facility in Zoucheng City. Yankuang Guohong Chemical Co., Ltd is a subsidiary of Yankuang Group, which has total assets of
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