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Alicanto Minerals Secures $10 Million Funding from Barrick to Advance Arakaka Gold Project, Guyana
March 4, 2016
Alicanto Minerals has clinched $16 billion-capped Barrick Gold Corporation as project partner to fund exploration of US$1.8 million in 2016 at the highly rated Arakaka Gold Project in Guyana. Barrick is not known to participate in gold projects under its
Maximus Resources Reviews Lithium Potential at Spargoville Tenements, Western Australia
March 4, 2016
Maximus Resources is reviewing lithium occurrences within its Spargoville high grade gold tenements, located near two major lithium projects, Neometals’ Mt Marion project and Lithium Australia’s Lepiodolite Hill project. Significantly, the Lefroy prospect could be situated within a similar structural
Overcapacity in China’s Coal and Steel Industries Puts 1.8 Million Workers Out of Work
March 4, 2016
Overcapacity in China’s coal and steel industries will send 1.8 million workers, or 15 percent of the workforce, packing. While no time frame was given, the major employee cuts underpin shrinking demand in China’s industrial sector and the overall slowing
Rio Tinto Completes Sales of Its Bengalla Coal JV to New Hope for $616 Million, Australia
March 3, 2016
Rio Tinto has completed the sale of its 40 percent interest in the Bengalla Coal Joint Venture in Australia to New Hope Corporation Limited for US$616.7 million. Rio Tinto has now announced or completed US$4.7 billion of divestments since January
Polymetal International to Acquire Dundee Precious Metals’ Kapan Mine for $25 Million, Armenia
March 3, 2016
Dundee Precious Metals Inc. has entered into a definitive agreement with Polymetal International Plc for the sale of its interest in the Kapan mine located in Armenia through the disposition of all of the issued and outstanding shares of Dundee
MNG Gold Acquires Endeavour Mining’s Youga Gold Mine for $25.3 Million, Burkina Faso
March 3, 2016
Endeavour Mining has received US$25.3 million upon simultaneously signing and closing the sale transaction of its non-core Youga Mine to MNG Gold. The total cash consideration is comprised of US$20 million for the asset and US$5.3 million for the cash-on-hand.
Sembcorp Launches 2,640MW Coal Power Complex in Andhra Pradesh, India
March 2, 2016
Singapore based Sembcorp and its project partner Gayatri Energy Ventures have launched the 2,640MW Sembcorp Gayatri Power Complex in Nellore, in Andhra Pradesh state of India. Built with an investment of $3bn, the power complex is claimed to be the
Kibo Receives Government Backing for Mbeya Coal-to-Power Project, Tanzania
March 1, 2016
Kibo Mining has been asked to fast track its coal to power project in Tanzania after meeting with government representatives last week. Kibo chief executive Louis Coetzee met with Professor Sospeter Muhongo, Tanzania’s minister of energy and minerals, to discuss
Alphamin Resources Completes Feasibility Study for Bisie Tin Project, Democratic Republic of Congo
March 1, 2016
Alphamin Resources Corp has completed the feasibility study for its 84.55 percent owned Bisie Tin Project in east central Democratic Republic of Congo (DRC). The study supports a technically simple underground mining operation with recovery of tin via gravity separation
INV Metals to Complete Updated PFS for Loma Larga Underground Gold Project, Ecuador
March 1, 2016
INV Metals Inc. has approved the preparation of an updated preliminary feasibility study (PFS) on its 100 percent owned Loma Larga project in Ecuador based on the appropriate laws and regulations applicable to large-scale mining which govern underground operations with
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