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Strategic Minerals Moves Away from Bulks like Iron and Coal, to Focus on Nickel Project, Australia
February 5, 2016
Strategic Minerals has moved away from bulks like iron and coal, securing an option to acquire up to 50 percent of an Australian firm with nickel and rare earth exploration potential. The firm has the right to acquire up to
BHP Mining’s Spin-off South32 to Cut 620 Jobs
February 5, 2016
BHP Billiton spin-off South32 will slash 620 jobs and has flagged widespread job losses in Australia after revising down its commodity price forecasts. South32 expects to book $US1.7 billion ($A2.37 billion) in writedowns as it slashes costs and production volumes
East Africa Metals Acquires Adyabo Gold-Silver Project, Ethiopia
February 3, 2016
East Africa Metals Inc. has acquired the Adyabo gold-silver project in Ethiopia. The company received confirmation from the holder of a 20 percent participating interest on the Adyabo property that it wishes to convert its 20 percent interest to a
RUC Cementation Orders Specialized Drill Rig Simulator from ThoroughTec for Grasberg Mine, Indonesia
February 3, 2016
RUC Cementation, a diversified underground mining contractor operating throughout Australia and Asia Pacific, has chosen ThoroughTec Simulation to develop a high fidelity CYBERMINE simulator in order to increase the productivity and safety of their Sandvik DS421-C drill rig operators. The
Indo Mines to Acquire Indonesian Mining and Oil Services Supplier
February 2, 2016
Indo Mines will add an interesting asset to its portfolio after signing an agreement to acquire control of an Indonesian mining and oil services supplier. Indo Mines will acquire a 51 percent stake in Sapex Oil Tools Limited which has
Anglo American to Cut 4,000 Jobs in South Africa and Brazil in Cost-cutting Drive
February 2, 2016
Global Miner Anglo American is shedding 4,000 jobs as part of a drive to slash costs at its iron ore mines in South Africa and Brazil. Anglo’s Kumba Iron Ore vowed to streamline operations, cut costs and reduce jobs at
Viking Mines Sells Its Akoase Gold Project for $2 Million, Ghana
February 2, 2016
Viking Mines has banked a very handy US$2 million as part of the sale proceeds for its Akoase gold project in Ghana. Transfer of the licenses to the buyer of the West African project will commence and the $2 million
Stellar Diamonds Files Mining License for Tongo Dyke-1 Diamond Project, Sierra Leone
February 2, 2016
Stellar Diamonds’ mining license application for the Tongo Dyke-1 diamond project in Sierra Leone is making good progress, it said today. The National Minerals Agency has received the application and is considering it, while public disclosure meetings have been held
Four Miners Rescued in China After 36 Days Underground at Gypsum Mine
February 2, 2016
Four miners were rescued from a collapsed mine in eastern China on Friday after 36 days trapped underground, the state-owned Xinhua news agency reported. The gypsum mine in Shandong Province collapsed on Christmas Day when 29 miners were working below
Almonty Releases Updated Feasibility Study for Sangdong Tungsten Mine, South Korea
February 1, 2016
Almonty Industries Inc. has completed an updated feasibility study for the Sangdong tungsten mine in Gangwon Province, South Korea. “The feasibility study update being published today resulted from information gathered during Almonty’s due diligence associated with the acquisition of Woulfe
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