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Indonesia’s Inalum to Acquire Majority Stake in Grasberg Copper Mine for $3.85 Billion
July 16, 2018
Indonesia’s state mining company PT Indonesia Asahan Aluminium (Inalum) has signed a non-binding agreement with Anglo-Australian mining firm Rio Tinto and Freeport-McMoRan to acquire controlling stake in giant Grasberg copper mine in Indonesia for $3.5bn. Located in the province of
Five Fatalities in Underground Fire at Palabora’s Copper Mine, South Africa
July 16, 2018
Underground fire broke out in a copper mine in Limpopo province, South Africa on Sunday morning, killing five. Palabora Copper said in a statement that one of their underground conveyer belts caught fire during the early hours of Sunday. Two
Rio Tinto’s Autonomous Train Completes First Iron Ore Delivery in Australia
July 16, 2018
Rio Tinto has completed the first delivery of iron ore using an autonomous train which transported about 28,000 tonnes of the ore from its Tom Price mining operations to Cape Lambert in Western Australia. The autonomous train is part of
Fifteen Fatalities in Landslide at Myanmar Jade Mine
July 16, 2018
At least 15 people were killed and dozens injured in a landslide at a jade mine in northern Myanmar’s jade mining region, state media and officials said Sunday. Fifteen bodies were retrieved from the site of Saturday’s accident near Lonekhin
Emerald Resources Secures Mining License for Okvau Gold Project, Cambodia
July 16, 2018
Emerald Resources has announce that the Industrial Mining Licence (Mining Licence) covering 11.5km2 for the Okvau Gold Project has been granted by the Cambodian Ministry of Mines & Energy. Managing Director, Morgan Hart commented: “We are excited by the grant
Mine Managers Sentenced Over Turkey’s Worst Coal Mine Disaster in Soma
July 16, 2018
A Turkish court on Wednesday sentenced managers and employees of a mine in western Turkey to between six and 22 years in prison for the deaths of 301 miners in the country’s worst mining disaster. The miners were killed in
Yamana Gold Pours First Gold and Silver at Cerro Moro Mine, Argentina
July 13, 2018
Yamana Gold has made its first pour of gold and silver doré at Cerro Moro which occurred on May 15, 2018. The company also reported several other updates relating to Cerro Moro including an update on exploration. The Cerro Moro
Denham Capital Plans $558 Million Mining Fund to Expand Global Mining Portfolio
July 12, 2018
Denham Capital, a global energy and resources private equity firm, said that it has closed the Denham Mining Fund, its first stand-alone mining fund at $558m. The company said that the Denham Mining Fund will be utilized to grow its
Exxaro Breaks Ground on Belfast Digital Coal Mine in Mpumalanga, South Africa
July 12, 2018
South Africa-based coal producer Exxaro Resources has broken ground on a R3.3bn ($244m) Belfast digital coal mine, in Mpumalanga. Said to be the first of its kind digital mine, the Belfast Implementation Project (BIP), is the A-grade, high-yield coal deposit
Orezone Gold Completes Feasibility Study for Bomboré Gold Project, West Africa
July 12, 2018
Orezone Gold Chas reported the summary results of an updated independent Feasibility Study (FS) for its 90 percent-owned Bomboré Gold Project in Burkina Faso, West Africa. All reported figures are in U.S. dollars and are on a 100 percent project
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