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Amarillo Gold Granted Preliminary License for Posse Mine at Mara Rosa Project, Brazil
May 10, 2016
Amarillo Gold Corp. has been granted the preliminary license (LP) for the proposed Posse mine at the Mara Rosa project. “The LP is a major milestone for the project which gives general environmental and social acceptance to the project by
China Molybdenum to Acquire Freeport-McMoRan’s Tenke Copper Mine for $2.65 Billion, DRC
May 10, 2016
Freeport-McMoRan Inc. agreed to sell a copper mine in the Democratic Republic of Congo to China Molybdenum Co. for $2.65 billion as the struggling miner seeks to cut debt. China Molybdenum will buy Freeport’s stake in TF Holdings Ltd., which
Eldorado Gold Receives Technical Study Approval to Recommence Construction of Skouries Mine, Greece
May 10, 2016
Eldorado Gold Corporation has received from Greece’s Ministry of Energy and Environment the approval of the updated technical study for the Skouries Project in Halkidiki, Northern Greece. The approval of the technical study enables Hellas Gold to recommence construction activities
Jade Mining Landslide Kills at Least 13 in Myanmar
May 10, 2016
A hospital says at least 13 people have been killed by a landslide of mining waste in northern Myanmar. The accident occurred late Thursday in Hpakant, the center of Myanmar’s lucrative jade mining industry. Jade is mined with heavy equipment
Luxembourg Releases Plans to Launch an Asteroid Mining Rig Into Orbit
May 10, 2016
Prospector-X may sound like a money-hungry comic-book villain, but it’s actually a spacecraft that might one day mine asteroids. The craft (which is still just a concept at this point) is the fruit of a partnership between asteroid mining company
Metal Tiger Makes Strategic Investment in Red Rock Resources
May 10, 2016
Metal Tiger PLC will stage an investment into resource group Red Rock Resources, which it says will help revitalize the latter. In a placing, Metal has subscribed for around 29.7mln shares in Red Rock at 0.42p for £125,000. Overall, Red
Kombat Copper Names Basil Read Ltd. as Mining Sub-Contractor for Gross Otavi Mine, Namibia
May 9, 2016
Kombat Copper Inc. has retained mining contractor Basil Read (Pty) Ltd. effective May 1, 2016 on a day works contract by EBM Mining Namibia (Pty) Ltd. The Basil Read contract secures the necessary labor and equipment (including an excavator, grader,
Sandspring Resources Secures C$6.5 Million to Advance Toroparu Gold Project, Guyana
May 9, 2016
Sandspring Resources Ltd. has closed an oversubscribed non-brokered private placement for gross proceeds of C$6.5 million. The company intends to use the proceeds to undertake an exploration program on its Toroparu Gold Project in Guyana, South America and for general
Euromax Submits Environmental Impact Assessment for Ilovica Copper-Gold Project, Macedonia
May 9, 2016
Euromax Resources Ltd. has submitted a draft environmental impact assessment (EIA) for its Ilovica copper-gold project in the Republic of Macedonia on April 26 to the Ministry of Environment and Physical Planning for approval. The EIA is an assessment of
Platinum Group Metals Secures US$33 Million to Advance Its Maseve Mine, South Africa
May 9, 2016
Platinum Group Metals Ltd. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of US$33 million. The company has granted the underwriters an option, exercisable at the offering price for a
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