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Eldorado Gold Suspends Operations at Skouries Mine Following Protests, Greece
January 13, 2016
Canadian mining company Eldorado Gold says it is suspending work at a site in northern Greece and laying off 600 workers following protests by local residents and a spat with the country’s leftwing government. The Vancouver, Canada-based company said Tuesday
Ausenco Hits 2016 Running with $45 Million in Coal Engineering Contracts
January 12, 2016
Diversified engineering, construction and project management company Ausenco has secured new contracts expected to deliver A$45 million in forward revenues. The new awards represent 80 percent of the revenues booked by the company’s APAC/Africa business line in 2015, signalling an
NGEx Resources Completes PEA for Los Helados and Josemaria Projects, Chile and Argentina
January 12, 2016
NGEx Resources Inc. has completed a preliminary economic assessment (PEA) of two of the company’s large copper/gold/silver deposits, Los Helados and Josemaría, together as one project. The integrated project will be called Project Constellation, and the results indicate positive economics
Chilean Supreme Court Rules Against Metminco in Mollacas Dispute
January 12, 2016
Metminco has been dealt a further blow in its dispute over mining access for the Mollacas copper project in Chile. The company this morning told investors that the Chilean Supreme Court has upheld a prior ruling by the Court of
Kibo Mining Nears Coal Power Purchase Agreement for Mbeya Project, Tanzania
January 12, 2016
Kibo Mining says it has made good progress in discussions with Tanzania’s state power group over a deal for electricity generated from the Mbeya coal-fired power project. “We have every reason to believe that we will be able to conclude
Athena Resources to Sell Byro Iron Ore Project for A$20 Million, Australia
January 12, 2016
Athena Resources will punt the Byro iron ore project that is located 310 kilometers from the Port of Geraldton to a Hong Kong based company. A binding term sheet has been signed with Brilliant Glory Industrial Corporation to acquire the
PT Freeport Indonesia’s Underground Operation Adds Fleet of Immersive Technologies Simulators
January 11, 2016
PT Freeport Indonesia’s underground operation has added an additional fleet of simulators from leading simulator provider Immersive Technologies to develop and improve operator skills and safety at site. As a longtime customer, Freeport has seen a range of production improvements
Mining Investors Mull the New Norm
January 8, 2016
Mining investors that have been enjoying their Christmas pudding and now drinking wine over the festive holiday are mulling over what 2016 will bring in the beleaguered sector. Commodity prices have been ravaged in 2015 as the Chinese economic downturn
Gold Gains on Middle East Tensions
January 8, 2016
The price of gold jumped 2 percent overnight to a four-week high on the back of rising tensions in the Middle East. The yellow metal gained was last valued at US$1,074.17 per ounce after trading as high as $1,083.30 yesterday
Metso Cutting 44 Jobs from Minerals Division in Finland
January 6, 2016
Metso has concluded employee negotiations in its Minerals business in Finland. As a result of the negotiations, the company will reduce a total of 44 positions, mostly in Tampere. The original estimated reduction need was approximately 75 jobs. The concluded
