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New Colombia Resources Receives $200 Million LOI to Develop Coal Concessions in Colombia
July 11, 2016
New Colombia Resources, Inc. has received a $200 million letter of intent (LOI) to develop their 2900 acre metallurgical and thermal coal concession in Colombia. Legally binding obligations with respect to the contemplated transaction will only arise upon execution of
European Commission Approves Spain’s $2.4 Billion Aid to Facilitate Closure of 26 Coal Mines
July 11, 2016
The European Commission (EC) has approved Spain’s plans to grant $2.4bn to shut down 26 uncompetitive coal mines in the country. Spain’s aid is expected to reduce the social and environmental impact of the mine closures without distorting the competition
Vanstar Resources Acquires Cristalina Gold Project, Brazil
July 11, 2016
Vanstar Resources Inc. has signed a letter of intent with Merrygold Investments Ltd to acquire 100 percent of the Cristalina project in the province of Goias, Brazil. The Cristalina project contains several gold showings including the Aguas Claras, Metago and
Magellan Gold to Acquire 50% Stake in Rio Silver’s Ninobamba Silver Property, Peru
July 11, 2016
Magellan Gold Corporation has been granted an option to earn an undivided 50 percent interest in Rio Silver Inc.‘s Ninobamba Silver Property. The 900-hectare Ninobamba silver project is located approximately 330 kilometers southeast of Lima in the Department of Ayacucho,
Vanstar Resources Acquires Merrygold’s Cristalina Gold Project, Brazil
July 8, 2016
The management of Vanstar Resources announces that it has signed a Letter of Intent with Merrygold Investments Ltd to acquire 100 percent of the Cristalina project in the province of Goias, Brazil. CRISTALINA PROJECT The Cristalina project contains several gold
Endeavour Holds Ceremony to Mark Construction Start of Houndé Gold Project, Burkina Faso
July 8, 2016
Endeavour Mining Corporation held a ground-breaking ceremony at its Houndé Project site in Burkina Faso. Construction began in April 2016 and is progressing on-time and on-budget with the first gold pour expected during the fourth quarter of 2017. The ceremony
Newmont Enters Agreement to Sell Interest in Indonesian Assets for $1.3 Billion
July 6, 2016
Newmont Mining Corporation has entered into a binding share sale and purchase agreement with PT Amman Mineral Internasional (PT AMI) to sell its interests in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in
Lupaka Gold Executes Finance Agreement for Invicta Mine Development and Operations, Peru
July 6, 2016
Lupaka Gold Corp. has executed a definitive pre-paid forward gold purchase agreement with PLI Huaura Holdings LP, a limited partnership organized under the laws of British Columbia, to fund the completion of development and initiate production at its Invicta Gold
Flood at China Coal Mine Traps 12 Miners, 82 Rescued
July 6, 2016
A coal mine in northern China flooded and trapped 12 miners, the country’s safety watchdog said Sunday. The accident happened around 11 p.m. Saturday in Shanxi, a coal-rich province. The State Administration of Work Safety said in an online statement
Precious Metals Lead Commodities Higher, Boosting Mining Stocks in Wake of Brexit
July 6, 2016
Precious metals led commodities higher, boosting mining stocks, on speculation central banks in some of the world’s leading economies will step up monetary stimulus in the wake of Britain’s decision to leave the European Union. Silver touched a two-year high
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