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NEWS Click on text to read news by category: General | Product | People | Worldwide

Richland Resources Ramps Up Production at Its New Sapphire Operations, Queensland

February 9, 2016

Richland Resources has exceeded production targets and notched up first revenues from its new sapphire operation in Queensland, Australia. The miner produced 720,000 carats in the three months to December as it continued to ramp up to full production. Over

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Kibo Mining Completes First Phase of IBFS for Its Mbeya Coal to Power Project, Tanzania

February 9, 2016

Kibo Mining has completed the first phase of Integrated Bankable Feasibility Study (IBFS) for the Mbeya coal to power project in Tanzania. Before Mbeya can advance to financial close, it must first deliver an appropriately competent IBFS that meets internationally

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China Stops Approvals of New Coal Mines

February 8, 2016

China won’t approve any new coal mines before the end of 2019, the State Council said on February 5, as authorities work to slash overcapacity in the industry. The country will shut down 500 million tonnes of capacity and consolidate

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Golden Star Advances with Underground Work at Its Wassa Gold Mine, Ghana

February 8, 2016

Golden Star has provided an update on exploration activities at its Wassa gold mine in Ghana.  The Wassa Underground has advanced significantly since development began in July 2015, from a single orebody (the B Shoot) to adding the F Shoot

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Tanzanian Royalty’s Subsidiary Tanzam Files Force Majeure for Buckreef Site Due to Unrest

February 8, 2016

Tanzanian Royalty Exploration subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of their

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Africa’s Mineral Resources Minister Mosebenzi Zwane Visits Lily Gold Mine Following Mine Accident

February 8, 2016

Mineral Resources Minister Mosebenzi Zwane (MP) has lent his support and leadership at the Lily Gold Mine, following a mine accident, joining the department’s inspectors who are on site. At the start of the morning shift, the main crown pillar

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$30 Million Grant Awarded to Fight TB in Southern Africa’s Mining Sector

February 8, 2016

The Global Fund to Fight AIDS, Tuberculosis and Malaria and a Regional Coordinating Mechanism (RCM) representing a group of ten Southern African countries has signed a landmark grant to pioneer innovative models to reduce high rates of tuberculosis (TB) in

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Austral Gold to Merge with Argentex Mining

February 5, 2016

Austral Gold is edging closer to a merger with Toronto listed Argentex Mining Corporation after the signing of a definitive agreement. This paves the way for Argentex to seek the approval of its shareholders for the deal first announced in

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Australian Pacific Coal Secures $20 Million to Acquire Anglo American’s Dartbrook Assets, NSW

February 5, 2016

Nathan Tinkler helmed Australian Pacific Coal has proven the skeptics wrong by raising a tidy $20 million to finance the acquisition of an 83.33 percent interest in the Dartbrook thermal coal assets of the Hunter Valley. The funding has been

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Contest Underway to Name 1,100+ Carat Type IIa Diamond Recovered from Lucara’s Karowe Mine, Botswana

February 5, 2016

Lucara Diamond Corp. has a contest underway for the official naming of the extraordinary 1,100+ carat Type IIa diamond recovered in November of last year from the company’s Karowe mine in Botswana. This beautiful, gem quality diamond is the largest

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