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Lundin Mining Acquires Interest in Freeport’s Timok Copper-Gold Project for $262 Million, Serbia
March 7, 2016
Lundin Mining Corporation has entered into a purchase agreement with an affiliate of Freeport-McMoRan Inc. to purchase an interest in Freeport’s stake in the Timok project located in Serbia. The high grade copper-gold Cukaru Peki deposit is situated on one
Kombat Copper Signs Agreement with EBM Mining Namibia to Commence Operations at Kombat Mine
March 7, 2016
Kombat Copper Inc. has signed a definitive agreement with EBM Mining Namibia (Pty) Ltd. to carry out development and mining of lead/copper mineralization at the Kombat Mine while also commencing the refurbishment of the mine infrastructure and production facilities. Production
Endeavour Mining to Acquire True Gold for $61.5 Million
March 7, 2016
Endeavour Mining has entered into a definitive arrangement agreement with True Gold Mining Inc. pursuant to which Endeavour Mining will acquire all of the issued and outstanding common shares of True Gold via a court-approved plan of arrangement. In conjunction
Consolidated Tin Mines Secures US$20 Million Funding Facility from China
March 4, 2016
Consolidated Tin Mines has secured a US$20 million funding facility that will be used for the acquisition of assets, developing existing assets, and working capital. The company has entered into a formal agreement with Beijing Huacheng Dadi Investments Limited to
Apollo Consolidated Receives Gold Assays from Its Korhogo Gold Project, West Africa
March 4, 2016
Apollo Consolidated has received first assays from a drill program at the Korhogo gold project in northern Cote d’Ivoire carried out in sections of the 20 kilometer long ‘Liberty’ soil anomaly, which reveal an underlying shear zone with some promise.
Kibo Mining Raises £1.5 Million to Advance Mbeya Coal-to-Power Project, Tanzania
March 4, 2016
Kibo Mining has raised £1.5mln through a loan arrangement with Sanderson Capital Partners. The funding deal provides interest free cash for a fixed term, until August 31, and it supports the group’s efforts to complete a definitive feasibility study for
Alicanto Minerals Secures $10 Million Funding from Barrick to Advance Arakaka Gold Project, Guyana
March 4, 2016
Alicanto Minerals has clinched $16 billion-capped Barrick Gold Corporation as project partner to fund exploration of US$1.8 million in 2016 at the highly rated Arakaka Gold Project in Guyana. Barrick is not known to participate in gold projects under its
Maximus Resources Reviews Lithium Potential at Spargoville Tenements, Western Australia
March 4, 2016
Maximus Resources is reviewing lithium occurrences within its Spargoville high grade gold tenements, located near two major lithium projects, Neometals’ Mt Marion project and Lithium Australia’s Lepiodolite Hill project. Significantly, the Lefroy prospect could be situated within a similar structural
Overcapacity in China’s Coal and Steel Industries Puts 1.8 Million Workers Out of Work
March 4, 2016
Overcapacity in China’s coal and steel industries will send 1.8 million workers, or 15 percent of the workforce, packing. While no time frame was given, the major employee cuts underpin shrinking demand in China’s industrial sector and the overall slowing
Rio Tinto Completes Sales of Its Bengalla Coal JV to New Hope for $616 Million, Australia
March 3, 2016
Rio Tinto has completed the sale of its 40 percent interest in the Bengalla Coal Joint Venture in Australia to New Hope Corporation Limited for US$616.7 million. Rio Tinto has now announced or completed US$4.7 billion of divestments since January
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