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Ariana Resources Progresses with Construction at Kiziltepe Gold Mine, Turkey
June 15, 2016
Ariana Resources plc says much of process plant at its new gold mine at Kiziltepe in Turkey is built and work has started on the tailings storage facility (TSF). Approval for the facility has just been received and construction will
Bhel Commissions First Thermal Unit at Yeramarus Coal Power Station, India
June 15, 2016
India’s state-run Bharat Heavy Electricals (Bhel) has commissioned the first 800MW thermal unit at the Yeramarus thermal power station (TPS) located in Raichur district of in the state of Karnataka. The Yeramarus power plant is being developed by Raichur Power
Jacobs Secures EPCM Contract for Oyu Tolgoi Underground Copper and Gold Mine, Mongolia
June 14, 2016
Jacobs Engineering Group Inc. has secured a contract with Oyu Tolgoi LLC to provide engineering, procurement and construction management (EPCM) services for the next stage in the development of the Oyu Tolgoi copper and gold mine in Mongolia, the Oyu
Copper Mesa Mining Awarded $24.365 Million for Expropriation of Two Mining Projects by Ecuador
June 14, 2016
Copper Mesa Mining Corporation has been awarded $24.365 million for expropriation of two mining project by Ecuador. On March 15, 2016, an Arbitral Tribunal of the Permanent Court of Arbitration in the Hague, Netherlands released its award in relation to
Strike Ends at Kinross Gold’s Tasiast Mine, Mauritania
June 14, 2016
The strike by unionized employees at Kinross Gold Corporation’s Tasiast mine that began on May 24, 2016 has ended. Striking employees began returning to work on June 11, 2016 and negotiations with the staff delegates on a new collective labor
Adaro Energy to Acquire BHP Billiton’s Stake in IndoMet Coal Project for $120 Million, Indonesia
June 10, 2016
BHP Billiton has agreed to sell its majority stake in the IndoMet coal project in Indonesia to its local joint venture partner, Adaro Energy. The mining giant is believed to have sold its 75 percent stake in the project for
Spain to Spend $2.4 Billion on Shutting Down Coal Mines
June 10, 2016
Spain has won approval from European authorities to spend 2.13 billion euros ($2.4 billion) on the closure of 26 coal mines by 2018. The government expenditure includes covering production losses as the uncompetitive mines wind down, providing financial support to
Glencore to Close Tahmoor Coal Mine, Australia
June 10, 2016
Swiss mining major Glencore is planning to close its Tahmoor underground coal mine in New South Wales, Australia, amid slump in prices in global coal markets. The company has commenced consultation with Tahmoor’s workforce in order to close the mine
BHP, Glencore Bidding for Anglo American’s Australian Coal Assets
June 10, 2016
Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American’s Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka
Rugby Acquires Extensive Gold Portfolio in Colombia
June 8, 2016
Rugby Mining Limited has acquired an extensive portfolio of both granted exploration concessions and applications covering approximately 845 square kilometers in Colombia. The acquisition, which includes a substantial geological database, was secured through the purchase of a subsidiary of Barrick
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