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

Tlou Energy Advances Plans for Coal-fired Power Plant in Botswana

March 15, 2016

Australia and London-listed Tlou Energy Limited is continuing negotiations with potential off-take partners for its Lesedi CBM (coal bed methane) project in Botswana, it told investors posting latest half year results. The period charted considerable progress, with plenty more to

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Five Fatalities and 26 Rescued in Coal Mine Collapse in Pakistan

March 15, 2016

A mine collapsed after heavy rains in northwest Pakistan, killing at least five workers and injuring 10 others, authorities said Sunday. Rescuers pulled 26 miners to safety, according to the National Disaster Management Authority. Dozens of troops helped with the

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Boliden Acquires First Quantum’s Kevitsa Mine for $712 Million, Finland

March 14, 2016

First Quantum Minerals Ltd. has entered into a sale and purchase agreement with Boliden AB to sell its Kevitsa nickel-copper-platinum group elements mine in Finland. Under the terms of the sale, Boliden will acquire Kevitsa for a cash consideration of

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Newmont Sells Its Stake in Australia-based Regis Resources for $182 Million

March 14, 2016

Newmont Mining Corporation has closed the sale of its 19.45 percent equity stake in Regis Resources Ltd. for total net proceeds of US$182 million (A$243 million). The sale was managed by a broker and distributed globally to a broad range

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Hexagon Resources Raises $1.35M to Develop Its McIntosh Graphite Project, Western Australia

March 11, 2016

Hexagon Resources Ltd has closed a $1.358 million capital raising at $0.08 each with new and existing institutional funds, and sophisticated / professional investors for the company’s McIntosh graphite project in Western Australia. The company planned to place 12 million

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Venezuela Congress Takes Up Case of 28 Missing Miners

March 11, 2016

Opposition politicians on Tuesday are putting more pressure on Venezuela’s government to increase search efforts in order to determine what happened to a group of 28 missing miners who were allegedly killed by gang members. More than 1,000 soldiers fanned

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Coal India Receives Green Nod for 22 Mining Projects Fiscal Year 2016

March 11, 2016

As many as 22 mining projects of state-owned Coal India have received green clearance this fiscal. “So far, in the current fiscal, 16 coal mining projects of Coal India having an additional capacity of 48 million tonnes received environment clearance,”

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Venezuela Congress Takes Up Case of 28 Missing Miners

March 10, 2016

Opposition politicians on Tuesday are putting more pressure on Venezuela’s government to increase search efforts in order to determine what happened to a group of 28 missing miners who were allegedly killed by gang members. More than 1,000 soldiers fanned

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Mawson West to Place Kapulo Copper Mine on Care and Maintenance, DRC

March 9, 2016

Mawson West Limited has decided to place its Kapulo mine on care and maintenance. The company projects to cease mining at the end of March, while milling operations will continue into April. The company has made this decision due to

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Aureus Mining Begins Commercial Production at Its New Liberty Gold Mine, Liberia

March 9, 2016

Aureus Mining Inc. has begun commercial production at the New Liberty Gold Mine in Liberia effective March 1, 2016. Gold production at New Liberty exceeded 9,000 ounces during February 2016. The process plant is now operating in line with both

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