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Tlou Energy Begins Product Testing at Lesedi Coal-bed Methane Project, Botswana
February 26, 2016
Africa focused coal-bed methane group Tlou Energy has begun production testing from a pilot well at the Lesedi project, in Botswana. The testing of the Semelo 1 well aims to show that sustainable gas production is achievable, and also to
WCB Resources & Kula Gold Sign a JV MOU for Misima & Woodlark Island Gold Projects, Papua New Guinea
February 24, 2016
WCB Resources Ltd and Kula Gold Limited have signed a non-binding memorandum of understanding (MOU) in order to explore the possibility of a joint venture between the two companies, bringing together WCB’s Misima Gold Project and Kula Gold’s Woodlark Island
Ritchie Bros. Acquires Online Equipment Listing Service Mascus, Europe
February 24, 2016
Ritchie Bros. Auctioneers Incorporated has acquired Mascus International Holding BV. The acquisition expands the breadth of equipment disposition and management solutions Ritchie Bros. can offer its customers. Mascus operates a vibrant online equipment listing service, with more than 360,000 items
China to Close Down 1,000 Coal Mines
February 24, 2016
China plans on shuttering 1,000 coal mines in 2016 in hopes of puling the country’s coal industry up and out of its glutted doldrums. On Monday the country’s National Energy Administration (NEA) posted a notice on its website announcing its
Zimbabwe Government Seizes Mining Operations in Diamond-rich Marange Area
February 24, 2016
The government has taken control of all mining in the diamond-rich Marange area after private companies were ordered to halt all operations because their licenses had expired, the mining minister said on Monday. All diamond mining will now be managed
Saracen Pours First Gold at Thunderbox Gold Project, Western Australia
February 24, 2016
Mid-tier gold producer Saracen Mineral Holdings has now poured its first gold from the wholly-owned Thunderbox Gold Project in Western Australia. Thunderbox gives the company the level of production and cashflow sought after by international investors, while enabling it to
Minbos Resources Raises $3.4M for Bankable Feasibility Study for Its Phosphate Project, Angola
February 23, 2016
Minbos Resources will receive $3.4 million in funding to complete a Bankable Feasibility Study on its high grade phosphate project within the Cabinda Province of Angola. The placement to Green Services Innovations Ltd, a British Virgin Islands company, will involve
Kibaran Resources Raises $2 Million for Development of Epanko Graphite Project, Tanzania
February 23, 2016
Kibaran Resources has raised $2 million at $0.15 each to progress the due diligence process for financing the development of the Epanko Graphite Project in Tanzania. KfW IPEX-Bank, the development funding agency of the German Government, was undertaking due diligence
Latin American Minerals Progressing with Paso Yobai Mine and Processing Operations in Paraguay
February 23, 2016
Latin American Minerals Inc. is progressing with mining and exploration at its Paso Yobai gold mining operation in Paraguay. In order to determine the most efficient and cost effective methods for producing gold from the company’s operation, the services of
Cluff Natural Resources Extends Halliburton Arrangement for Gas Portfolio and UCG Assets
February 23, 2016
Cluff Natural Resources has told investors that it has extended its arrangement with US oil and gas services group Halliburton for a further two year. The arrangement secures Halliburton’s support for CLNR’s Southern North Sea gas portfolio, which comprises five
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