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Sierra Rutile Raises $20 Million to Fund Expansion, Changes Focus to Land-based Mining
April 15, 2016
Sierra Rutile Limited has raised US$20mln (£14mln) through an oversubscribed placing to fund expansion of its dry mine operations. The Sierra Leone-focused minerals sands group is switching emphasis from a dredging operation to land-based mining with a second dry mine
Ariana Resources Set to Commission Its New Gold Mine at Kiziltepe this Year, Turkey
April 15, 2016
Ariana Resources plc new gold mine at Kiziltepe in Turkey remains on track to be commissioned in the second half of this year, said managing director Kerim Sener today. Turkish partner Proccea is in charge of the building and has
True North Gems Completes Construction Milestones at Aappaluttoq Ruby Mine, Greenland
April 14, 2016
True North Gems Inc. has completed construction milestones at the Aappaluttoq Ruby Mine, SW Greenland. Processing plant milestones include: • Installation of the processing plant structural steel framing for the weight-bearing equipment within the plant has been completed; • All
Glen Eagle’s Processing Plant in Honduras Reaches Its Objective In Recovering Precious Metals
April 14, 2016
Glen Eagle Resources Inc.‘s processing plant Cobra Oro`s newly built cyanide circuit is performing as expected with gold and silver recovery ranging between 80 percent to 85 percent over the entire production process. The gold and silver bars produced are
Hunt Mining Orders New Metallurgy Tests for Its La Josefina Project, Argentina
April 14, 2016
Hunt Mining Corp. has ordered new metallurgy tests for its flagship La Josefina project in Santa Cruz Province, Argentina. Hunt Mining has shipped ore samples taken from La Josefina to the McClelland Laboratories in Sparks, Nevada. The principal purpose of
Alphamin Signs MOU with Walikale Territory to Advance Its Bisie Tin Project, DRC
April 13, 2016
Alphamin Resources Corp.‘s (AFM) Democratic Republic of Congo (DRC) operating company, Alphamin Bisie Mining SA (ABM), who is developing the Bisie Tin Project in eastern DRC, has signed a memorandum of understanding (MOU) with the communities of Walikale Territory in
Energizer Resources Raises Capital for Permitting at Molo Graphite Project, Madagascar
April 13, 2016
Energizer Resources Inc. has closed a non-brokered private placement offering for gross proceeds of CDN$224,550. Insider participation consisted of CDN$195,150 of the offering. The net proceeds of the offering will be used to fund the permitting fees associated with the
Uranium Resources Secures $12 Million to Advance Temrezli Project, Turkey
April 13, 2016
Uranium Resources, Inc. (URI) has executed a purchase agreement with Aspire Capital Fund, LLC to place up to $12 million in stock with Aspire Capital over a term of 30 months. The purchase agreement with Aspire Capital was executed on
Kibo Mining Confident Over Resource After Upgrade at Mbeya Coal Project, Tanzania
April 13, 2016
Kibo Mining PLC has significantly upgraded the status of the resources at its Mbeya coal-fired power development in Tanzania. A drilling program has seen the resource overall rise by 10.4 percent to 121 mln tonnes (Mt) out of which 20.9Mt
Mariana Resources Exits Nassau Gold Project, Suriname
April 13, 2016
Mariana Resources Ltd has opted to withdraw from the Nassau Gold Project in Suriname. It did so after evaluating all the exploration data and cited the “significant” future costs of an earn-in to the project for its exit. Mariana, which
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