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Shanta Returns High Grade Gold in Exploration Drilling at New Luika Mine, Tanzania
December 17, 2019
Shanta Gold Ltd has revealed results from its latest round of exploration drilling at the producing New Luika Gold Mine in South Western Tanzania. A total of 66 reverse circulation and diamond core holes were drilled, amounting to over 7,410
Teranga Gold to Acquire Barrick’s Massawa Project for $430 Million
December 16, 2019
Canada-based mining company Barrick Gold and its Senegalese joint venture partner have signed an agreement to offload a 90 percent stake in the Massawa project to Teranga Gold in Senegal for up to $430 million. Massawa is one of the
Aspire Mining Signs MOU with Sinosteel MECC to Develop Ovoot Coal Project, Mongolia
December 16, 2019
Australia-based metallurgical coal and infrastructure company, Aspire Mining has signed a Memorandum of Understanding (MoU) with Sinosteel Equipment & Engineering (Sinosteel MECC) to develop the Ovoot coking coal project in Mongolia. Located in the Khuvsgul province in north-western Mongolia, the
Indonesia Adds Value to Mining Industry, Invests in Downstream Processing Facilities
December 13, 2019
Creating mining and minerals processing infrastructure to increase Indonesia’s mineral value while strengthening downstream processing capabilities has been at the core of the Indonesian mining authority and mineral export laws since 2009. PT Borneo Alumina Indonesia has appointed a Black
Severe Blackouts Shut Down Mines Amid South Africa Power Crisis
December 12, 2019
South Africa is facing severe electricity crisis, causing power cuts and mine closures. President Cyril Ramaphosa has had to cut short his official visit to Egypt and come home to deal with the problem. South Africa’s state-owned energy company Eskom
Tanzanian Gold to Begin Production at Buckreef Gold Project, Tanzania
December 10, 2019
Tanzanian Gold has announced that it plans to commence production at the Buckreef gold project in Tanzania. Located in north-central Tanzania immediately to the south of Lake Victoria and 110km southwest of Mwanza, the project was acquired by Tanzanian Royalty
Gold Road Resources and Gold Fields Open $423 Million Gruyere Gold Mine, Australia
December 10, 2019
Gold Road Resources and Gold Fields have officially opened the $423.46 million Gruyere gold project in Western Australia. The gold mine, which is a 50:50 joint venture between the two mining firms, was inaugurated during a ceremonial event by Western
Zijin Mining to Acquire Continental Gold for $1 Billion
December 10, 2019
Chinese mining company Zijin Mining Group has agreed to acquire Canada-based Continental Gold in an all-cash deal worth $1.05 billion. The deal gives the Chinese firm access to Continental Gold’s key asset, the Buriticá gold project in Colombia. Continental Gold
REMA TIP TOP Awarded Conveyor Belting Contract for BHP’s South Flank Project, Australia
December 9, 2019
Engineering company Monadelphous Group has awarded a contract to REMA TIP TOP Australia to install more than 50km of conveyor belting for the BHP’s $3.6 billion South Flank iron ore project in Western Australia’s Pilbara region. Under the terms of
Tinka Resources Achieves Permit Milestone for Its Ayawilca Zinc Project, Peru
December 5, 2019
Tinka Resources Ltd reported more high-grade zinc finds at its flagship Ayawilca project in Peru and a major permit milestone. The group has received approval for its modified environmental impact assessment for the project from the Peruvian Ministry of Energy
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