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NEWS Click on text to read news by category: General | Product | People | Worldwide

Rio Tinto Approves $338 Million for Development of Silvergrass Mine, Western Australia

August 8, 2016

Rio Tinto will invest an incremental $338 million to complete the development of the Silvergrass mine in its world-class Pilbara iron ore operations in Western Australia. The brownfield expansion of the high-grade Silvergrass mine offers attractive returns, with an expected

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Rio Tinto Unveils New Organizational Structure and Executive Team to Drive Performance

August 8, 2016

Rio Tinto will strengthen its organizational structure to continue to drive performance under its new Chief Executive Jean-Sébastien Jacques. From July 2, 2016, Rio Tinto’s product group structure will be adjusted to better align the group’s assets with the business

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Maximus Resources to Acquire Ramelius’ Burbanks Processing Facility for $2.5 Million, Australia

August 5, 2016

Maximus Resources Ltd will acquire the Burbanks Processing Facility located 8 kilometers south of Coolgardie in Western Australia from Ramelius Resources Ltd for $2.5 million. The Burbanks Processing facility is situated 60 kilometers from Maximus’ Spargoville exploration portfolio and within

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Peninsula Energy Enters Partnership Agreement to Advance Karoo Uranium Project, South Africa

August 5, 2016

Peninsula Energy Ltd has entered a partnership to advance its Karoo uranium projects in South Africa, (Peninsula 74 percent / BEE Groups 26 percent). Peninsula has entered into a subscription agreement with Concentrate Capital Partners Limited (CCP), an independent investment

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Avenira to Start Production at Baobab Phosphate Project, Senegal

August 5, 2016

Avenira Ltd is only weeks away from production at the Baobab Phosphate Project in Senegal, after commencing water commissioning of the wet screening plant. The company’s strategy is to develop the project based on an initial Stage 1 operation producing

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India’s NTPC to Scale Up Coal Output

August 5, 2016

NTPC aims to scale up its captive coal output in a way that it takes care of at least 25 percent of its needs, going ahead after years of delay in developing these mines. The state-run power generator has 10

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Regional Power Outage at Dundee’s Ausmelt Furnace Causes Damages to Refractory Lining, Namibia

August 3, 2016

A regional power outage has resulted in damage to the refractory lining of Dundee Precious Metals Inc.‘s Ausmelt furnace, the repair of which is expected to take approximately three weeks. Subsequent to a power blackout in Namibia at 9:20 pm

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French Company Effort Management Group Expands Into Russian Proppant Market

August 3, 2016

Effort Management Group intends to take over the proppant market in Russia. This decision was declared by the chief financial officer of the Group Marc Van den Meersche on June 1, 2016 during the conference held in Paris dedicated to

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Poland Resists Global Shift Away from Coal

August 3, 2016

Across the U.S., Western Europe, and even in parts of Asia, coal is in secular decline. There will be very few coal power plants built in many western countries in the coming years if environmentalists have their way, and the

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Fluor Awarded EPC Contract for Compagnie des Bauxites de Guinée Expansion Project, Guinea

August 2, 2016

Fluor Corporation was awarded an engineering, procurement and construction management contract for the Bauxite Production Expansion Project in Kamsar, Guinea from Compagnie des Bauxites de Guinée (CBG). Fluor booked the $501 million contract value into backlog in the second quarter

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