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Luxembourg Releases Plans to Launch an Asteroid Mining Rig Into Orbit
May 10, 2016
Prospector-X may sound like a money-hungry comic-book villain, but it’s actually a spacecraft that might one day mine asteroids. The craft (which is still just a concept at this point) is the fruit of a partnership between asteroid mining company
Metal Tiger Makes Strategic Investment in Red Rock Resources
May 10, 2016
Metal Tiger PLC will stage an investment into resource group Red Rock Resources, which it says will help revitalize the latter. In a placing, Metal has subscribed for around 29.7mln shares in Red Rock at 0.42p for £125,000. Overall, Red
Kombat Copper Names Basil Read Ltd. as Mining Sub-Contractor for Gross Otavi Mine, Namibia
May 9, 2016
Kombat Copper Inc. has retained mining contractor Basil Read (Pty) Ltd. effective May 1, 2016 on a day works contract by EBM Mining Namibia (Pty) Ltd. The Basil Read contract secures the necessary labor and equipment (including an excavator, grader,
Sandspring Resources Secures C$6.5 Million to Advance Toroparu Gold Project, Guyana
May 9, 2016
Sandspring Resources Ltd. has closed an oversubscribed non-brokered private placement for gross proceeds of C$6.5 million. The company intends to use the proceeds to undertake an exploration program on its Toroparu Gold Project in Guyana, South America and for general
Euromax Submits Environmental Impact Assessment for Ilovica Copper-Gold Project, Macedonia
May 9, 2016
Euromax Resources Ltd. has submitted a draft environmental impact assessment (EIA) for its Ilovica copper-gold project in the Republic of Macedonia on April 26 to the Ministry of Environment and Physical Planning for approval. The EIA is an assessment of
Platinum Group Metals Secures US$33 Million to Advance Its Maseve Mine, South Africa
May 9, 2016
Platinum Group Metals Ltd. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of US$33 million. The company has granted the underwriters an option, exercisable at the offering price for a
Feasibility Study Approved for Turquoise Hill’s Oyu Tolgoi Copper-Gold-Silver Mine, Mongolia
May 9, 2016
Turquoise Hill Resources’ Oyu Tolgoi has received the formal notice to proceed approval by the boards of Turquoise Hill, Rio Tinto and Oyu Tolgoi LLC respectively, which was the final requirement for the re-start of underground development. As part of
Janus Global Operations Opens Dubai Office as Hub for Middle East, Asia, and Africa Operations
May 9, 2016
Janus Global Operations (JGO) has opened an office in Dubai, United Arab Emirates, to manage the company’s commercial and government client operations in the Middle East, Asia, and Africa. The office will serve as JGO’s regional hub, said Alan Weakley,
Middle Island Resources Acquires Sandstone Gold Project, Processing Plant for $2.5 Million
May 6, 2016
Middle Island Resources Ltd’s has acquired 100 percent of the Sandstone gold project including an existing CIP processing plant for $2.5 million, located 600 kilometers northeast of Perth. Southern Cross Gold acquired the Sandstone project from Troy Resources which had
BHP and Vale Face $44 Billion Lawsuit Over Brazil Dam Disaster
May 6, 2016
Federal prosecutors in Brazil have filed a $43.5bn (£30bn) civil lawsuit against iron miner Samarco, and its owners BHP Billiton and Vale. It follows the collapse of a dam they owned that caused a huge mudslide, polluted a river, and
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