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Zijin Mining Group to Acquire Guyana Goldfields for $236 Million
June 17, 2020
Canadian gold miner Guyana Goldfields has agreed to be acquired by Zijin Mining Group, a Chinese mining company, for about $236.14 million. In this connection, the parties have entered into a binding arrangement agreement under which the Chinese firm will
India’s Top Coal State Seeks Auction Delay
June 17, 2020
India’s leading coal-producing state has sought to delay the auctioning of coal blocks for commercial mining as it fears weak participation from domestic and global firms amid the Covid-19 pandemic. The request from India’s eastern Jharkhand state, which accounts for
Lundin Gold Begins Steps to Resume Operations at Fruta Del Norte
June 16, 2020
Lundin Gold’s first phases for restart of operations at Fruta del Norte are well underway. The company has shipped all of the concentrate and doré that had been stored at site since the suspension of operations on March 22, 2020.
Novo Resources to Acquire Mt. Elsie Gold Project, Western Australia
June 16, 2020
Novo Resources has entered into a binding terms sheet to acquire three exploration licenses (Mt. Elsie Projec) comprising an area of approximately 19km2 located 75 km north-east of the town of Nullagine, Western Australia and adjacent to numerous Novo wholly-owned
Glencore’s $1.5 Billion Coal Mine a Step Closer After Queensland Grants Special Status
June 15, 2020
The Switzerland-based mining company Glencore will push ahead with a proposed $1.5 billion open-cut coalmine after the Queensland government announced it had granted the project special status on Friday. The Queensland government’s decision will bring environmental and other assessments for
Rio Tinto and BHP in Damage Control After Call for Mining Halt, Australia
June 15, 2020
Calls are growing for an immediate halt to mining operations in the Pilbara that have been approved under Western Australia’s “archaic” Aboriginal heritage laws and the Senate will hold an urgent inquiry, as international outrage from investors pushes big mining
Mine Halt at Anglo American’s Grosvenor Mine Causes Gas Levels to Rise, Queensland
June 12, 2020
Anglo American has reported an increase in gas levels at the Grosvenor coal mine in Queensland due to the oxidation of coal while mining activities remain in suspension. This did not surprise the company, which has been monitoring gas levels
Chinese Plants Switch to Domestic Coal on Import Curbs
June 12, 2020
Some Chinese coastal utilities are stepping up the restocking of coal amid strong power demand, but they are increasingly forced to turn to domestic coal as they are running out of import quotas. This is supporting China’s domestic spot coal
Guyana Goldfields to Cease Mining at Rory’s Knoll Mine, Puts on Care and Maintenance
June 11, 2020
Guyana Goldfields said that mining of Phase 4 at Rory’s Knoll open pit and satellite pits has now been completed. They will continue to process stockpiles until approximately the end of June and thereafter the mine site will go into
Zijin Mining to Acquire Majority Stake in Tibet Julong Copper for $548 Million
June 10, 2020
China’s Zijin Mining Group has signed an agreement to acquire a majority stake in Tibet Julong Copper for $548 million in cash. Fujian-based Zijin is acquiring a 50.1 percent stake in Julong Copper through its wholly-owned subsidiary Tibet Zijin. The
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