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Bothma Diamonte to Acquire Tango Mining’s Oena Diamond Project for $3 Million, South Africa
March 24, 2016
Tango Mining Limited has received a binding offer from Bothma Diamonte CC, an unrelated third party company registered in South Africa, to acquire African Star Minerals (Pty) Limited that owns 100 percent of the Oena Mine located in Northern Cape,
Alhambra Resources Commences International Arbitration Against the Government of Kazakhstan
March 23, 2016
Alhambra Resources Ltd., on March 11, 2016, submitted a request for arbitration against the Republic of Kazakhstan at the International Centre for Settlement of Investment Disputes (ICSID). On March 16, 2016, ICSID acknowledged the receipt of the request and transmitted
Jubilee Platinum Secures $17.5 Million for Platinum Tailings Developments, South Africa
March 23, 2016
Jubilee Platinum has agreed funding for both of its platinum tailings projects in South Africa. The US$17.5mln package comprises up to US$15mln of senior and unsecured debt and US$2.5mln of equity finance from a placing at 2.8p per share. Jubilee
Pacific American Coal Acquires Stake in Australian Developer of Graphene-based Coatings
March 23, 2016
Pacific American Coal Ltd will retain its Elko Coking Coal Project but acquire a 20 percent stake in Imagine Intelligent Materials Pty Ltd, an Australian developer of graphene-based coatings for industrial textiles and fibers. PAK will initially acquire 20 percent
Oracle Coalfields Benefits from Tax Incentives for Its Thar Coal Project, Pakistan
March 23, 2016
Oracle Coalfields PLC has welcomed the extension of Pakistan’s fiscal incentives while it is developing its 1.4bn Thar coal and power project in the country. Chief executive Shahrukh Khan said: “The extension of the 20 percent IRR (in US$ terms)
Aeris Resources to Develop Its Murrawombie Underground Copper Mine, New South Wales
March 23, 2016
Australia’s fifth largest copper producer, Aeris Resources Ltd will up the pace of development at its Tritton operations near Nyngan in New South Wales, with a decision to develop the Murrawombie Underground copper mine. First ore is expected be delivered
Jet Gold Enters Into Agreement to Acquire 30% of Haib Copper Deposit, Namibia
March 22, 2016
Jet Gold Corp. has entered into an agreement to acquire 30 percent of Haib Minerals (PTY) Ltd. in exchange for 45 million common shares of Jet Gold to be issued to the shareholders of 1054137 BC Ltd. BC holds 100
Khan Resources Reaches US$70 Million Settlement with Government of Mongolia
March 22, 2016
Khan Resources Inc. has received a notice of discontinuance from the Paris Court of Appeal that the annulment proceedings initiated by the Government of Mongolia against the international arbitration award rendered in favor of Khan are now terminated. Proceedings in
Kinross Responds to Chile’s SMA Notification Regarding the Maricunga Mine
March 22, 2016
Compañía Minera Maricunga (CMM), a wholly-owned subsidiary of Kinross Gold Corporation, has been notified by Chile’s environmental regulatory authority (the SMA) of a resolution commencing a legal process that will seek to require CMM to close the Maricunga mine‘s water
Anger in China’s Coal Country as Miners Feel Left Behind
March 22, 2016
Hanging from a highway overpass two hours’ drive from the Siberian border, a local government banner reads like a last-gasp exhortation to this exhausted coal community: “Improve our structure, change our methods, transform our city.” This area has transformed in
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