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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
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
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
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
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
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
$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
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
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
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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