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Polymetal International to Acquire Dundee Precious Metals’ Kapan Mine for $25 Million, Armenia
March 3, 2016
Dundee Precious Metals Inc. has entered into a definitive agreement with Polymetal International Plc for the sale of its interest in the Kapan mine located in Armenia through the disposition of all of the issued and outstanding shares of Dundee
MNG Gold Acquires Endeavour Mining’s Youga Gold Mine for $25.3 Million, Burkina Faso
March 3, 2016
Endeavour Mining has received US$25.3 million upon simultaneously signing and closing the sale transaction of its non-core Youga Mine to MNG Gold. The total cash consideration is comprised of US$20 million for the asset and US$5.3 million for the cash-on-hand.
Monument Progresses Mine Development and Exploration Program at Burnakura Gold Project, Australia
March 3, 2016
Monument Mining Limited has progressed the Burnakura Gold Project aggressively including confirmation drilling over North of Alliance (NOA) and Tuckanarra deposits, open pit mine optimization, metallurgical test work for heap leach processing, crushing plant engineering design and environment studies; together
Alecto Completes JV Deal with Randgold for Kossanto West Gold Project, Mali
March 2, 2016
Alecto Minerals said its previously announced joint venture with mining major Randgold Resources had been completed. All conditions for exploring and developing Alecto’s 137 sq km Kossanto West Gold project in western Mali have now been satisfied. Alecto chief Mark
Sembcorp Launches 2,640MW Coal Power Complex in Andhra Pradesh, India
March 2, 2016
Singapore based Sembcorp and its project partner Gayatri Energy Ventures have launched the 2,640MW Sembcorp Gayatri Power Complex in Nellore, in Andhra Pradesh state of India. Built with an investment of $3bn, the power complex is claimed to be the
Atlantic Gold Awards Ausenco EPC Contract for Its Moose River Consolidated Project, Nova Scotia
March 1, 2016
Atlantic Gold Corporation has awarded Ausenco an engineering procurement and construction (EPC) contract for its Moose River Consolidated Project in Nova Scotia. This proposal allows Atlantic to fix the construction costs of the process plant and related infrastructure, representing approximately
Kibo Receives Government Backing for Mbeya Coal-to-Power Project, Tanzania
March 1, 2016
Kibo Mining has been asked to fast track its coal to power project in Tanzania after meeting with government representatives last week. Kibo chief executive Louis Coetzee met with Professor Sospeter Muhongo, Tanzania’s minister of energy and minerals, to discuss
Continental Gold Completes Feasibility Study for Buritica Project in Antioquia, Colombia
March 1, 2016
Continental Gold Inc. has completed an independent feasibility study (FS) for its 100 percent-owned Buriticá project in Antioquia, Colombia. The FS indicates that the Buriticá project will be host to an economically robust, high-grade underground gold mine. The FS indicates
Alphamin Resources Completes Feasibility Study for Bisie Tin Project, Democratic Republic of Congo
March 1, 2016
Alphamin Resources Corp has completed the feasibility study for its 84.55 percent owned Bisie Tin Project in east central Democratic Republic of Congo (DRC). The study supports a technically simple underground mining operation with recovery of tin via gravity separation
Amarillo Gold Completes Public Hearing for Environmental Permitting of Posse Deposit, Brazil
March 1, 2016
Amarillo Gold Corp. has completed the public hearing, which is the last major step in obtaining the preliminary environmental license (LP) for Amarillo’s Posse gold deposit, was held on February 23, 2016 in the town of Mara Rosa, Goias state,
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