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Congo’s Government Suspends Mining Code Reform
March 16, 2016
Congo’s government says it has suspended consideration of a reform to the country’s 2002 mining code, as a group of civil society organizations called on them to revisit the changes. Congo’s Mines Minister Martin Kabwelulu said Thursday the government will
Horizonte Minerals Set to Complete PFS for Its Araguaia Nickel Project, Brazil
March 16, 2016
Horizonte Minerals PLC’s deal last year with titan Glencore to buy the adjacent nickel project to Araguaia was a ‘game changer’, says boss Jeremy Martin. And the focus in the first half of 2016 will be to integrate the two
Algold Resources to Acquire Gryphon Minerals’ Gold and Copper Assets in Mauritania, Africa
March 15, 2016
Gryphon Minerals Ltd will sell its Tijirit Gold and Akjoujt copper and gold projects in Mauritania to Algold Resources Ltd for shares and cash of A$3 million, upon milestones being attained. Gryphon will receive a 8,700,000 shares in Algold immediately,
B&W Awarded $80M Contract to Supply Boiler for Masinloc Thermal Power Plant Expansion, Philippines
March 15, 2016
The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $80 million to design and manufacture a highly efficient, supercritical boiler and other components for the Masinloc Thermal Power Plant expansion project in Zambales Province, Philippines.
Tlou Energy Advances Plans for Coal-fired Power Plant in Botswana
March 15, 2016
Australia and London-listed Tlou Energy Limited is continuing negotiations with potential off-take partners for its Lesedi CBM (coal bed methane) project in Botswana, it told investors posting latest half year results. The period charted considerable progress, with plenty more to
Five Fatalities and 26 Rescued in Coal Mine Collapse in Pakistan
March 15, 2016
A mine collapsed after heavy rains in northwest Pakistan, killing at least five workers and injuring 10 others, authorities said Sunday. Rescuers pulled 26 miners to safety, according to the National Disaster Management Authority. Dozens of troops helped with the
Boliden Acquires First Quantum’s Kevitsa Mine for $712 Million, Finland
March 14, 2016
First Quantum Minerals Ltd. has entered into a sale and purchase agreement with Boliden AB to sell its Kevitsa nickel-copper-platinum group elements mine in Finland. Under the terms of the sale, Boliden will acquire Kevitsa for a cash consideration of
Newmont Sells Its Stake in Australia-based Regis Resources for $182 Million
March 14, 2016
Newmont Mining Corporation has closed the sale of its 19.45 percent equity stake in Regis Resources Ltd. for total net proceeds of US$182 million (A$243 million). The sale was managed by a broker and distributed globally to a broad range
Venezuela Congress Takes Up Case of 28 Missing Miners
March 11, 2016
Opposition politicians on Tuesday are putting more pressure on Venezuela’s government to increase search efforts in order to determine what happened to a group of 28 missing miners who were allegedly killed by gang members. More than 1,000 soldiers fanned
Coal India Receives Green Nod for 22 Mining Projects Fiscal Year 2016
March 11, 2016
As many as 22 mining projects of state-owned Coal India have received green clearance this fiscal. “So far, in the current fiscal, 16 coal mining projects of Coal India having an additional capacity of 48 million tonnes received environment clearance,”
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