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Armadale Capital in Talks to Finance Its Mpokoto Gold Mine, DRC
June 3, 2016
Armadale Capital remains in talks over a finance package to build its Mpokoto gold mine in the DRC. African Mining Contracting Services Group (A-MCS) offered to put up US$20mln to build the mine last June but has yet to conclude
San Miguel to Adopt Clean Coal Technology in Its Power Generation Business
June 3, 2016
San Miguel Corp. (SMC) prefers to invest in clean coal-fired power plants over renewable energy projects for now, as the latter would pass heavier cost burden to consumers, its top official said. SMC President and Chief Operating Officer Ramon S.
Stellar Diamonds Receives Initial Approval for Its Tongo Mine License, West Africa
June 2, 2016
Stellar Diamonds plc has received initial approval for a mining license over its 100 percent owned Tongo project in Sierra Leone. Progression of the licensing process remains subject to the National Minerals Agency (NMA), the licencing body of the Ministry
Condor Resources Secures Community Agreement for Development of Its Chavin Project, Peru
June 2, 2016
Condor Resources Inc. has concluded a long term exploration and exploitation agreement with the community near its Chavin project, located in Santa Province, Ancash Department, Peru. In November 2015 Condor signed a production royalty agreement on the Chavin project, whereby
Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai Uranium Project, Kazakhstan
June 1, 2016
Cameco Corporation has signed an agreement with National Atomic Company Kazatomprom (Kazatomprom) and joint venture Inkai LLP (JV Inkai) to restructure and enhance JV Inkai. The agreement was signed during the annual foreign investors meeting with the president and government
Xtract Resources Sells Its Manica Gold Project for $17.5 Million, Mozambique
June 1, 2016
Xtract Resources has sold its Manica gold project in Mozambique less than a year after it acquired it. The explorer only received government approval for its acquisition in March but said the likely dilution in raising US$35mln to build a
Tanesco Approves Edenville Energy’s PCN for Its Rukwa Coal-to Power Project, Tanzania
June 1, 2016
Edenville Energy PLC revealed big progress had been made on the development of its Rukwa coal to power project in Tanzania. Among the milestones passed is that a project concept note (PCN) which started in July 2015 as part of
Prairie Mining Submits Mining Application for Its Lublin Coal Project, Poland
June 1, 2016
Prairie Mining Ltd has submitted a mining concession application at the Lublin Coal Project in Poland, where a pre-feasibility study (PFS) had confirmed the robust economics and technical viability of the project. In March, a Polish court had confirmed Prairie’s
Newfield Resources Raises $8.7 Million to Advance Allotropes Diamond Project, Sierra Leone
June 1, 2016
Newfield Resources Ltd has raised $8.7 million from an underwriting of unlisted options to for development of its Allotropes Diamond Project in Sierra Leone. Earlier this month Newfield recovered over 2,000 carats of diamonds from the ongoing alluvial trial mining
AQM Copper Completes PFS for Its Zafranal Copper Project, Peru
May 31, 2016
AQM Copper Inc. has completed a positive, independent preliminary feasibility study (PFS) of the company’s Zafranal Project located in the southern Peru porphyry copper belt. The Zafranal Copper Project is owned by Compania Minera Zafranal S.A.C. (CMZ), a joint venture
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