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Oro Verde, Newcrest Mining Aim for Multi-million Gold Ounces at Topacio Project, Nicaragua
February 23, 2016
Oro Verde and major gold partner Newcrest Mining have begun an aggressive exploration program to find a substantial gold deposit in the South American nation of Nicaragua. In the sights of the farm-in between the companies is potentially a multi-million-ounce,
Savannah Resources Set to Apply for Mining Leases at Its Copper-Gold Projects in Oman
February 23, 2016
Savannah Resources is making “excellent” progress with its copper-gold projects in Oman, it told investors, releasing the remaining assays from drilling completed at the end of December. Priorities for Blocks 4 and 5 include now a mineral resource estimate for
Anfield Nickel to Acquire Magellan Minerals to Develop Coringa Gold Project, Brazil
February 22, 2016
Anfield Nickel Corp. and Magellan Minerals Ltd. have entered into a definitive arrangement agreement dated February 16, 2016 whereby Anfield will acquire Magellan. The resulting entity will be an emerging gold producer with a post-deal market capitalization of approximately $48
Rio Tinto Authorizes Jadar Lithium-Borate Project Studies’ Funding After License Extension, Serbia
February 22, 2016
Rio Tinto has authorized funding to complete the pre-feasibility study of the Jadar lithium-borate project in Serbia. The Serbian government recently extended the exploration license agreement for the project. More than US$20 million will be directly invested in Serbia through
St. Augustine Receives Certification Precondition for King-king Copper-Gold Project, Philippines
February 22, 2016
St. Augustine Gold and Copper Limited’s joint venture partner, Nationwide Development Corporation (NADECOR) has been issued its certification precondition from the Philippine National Commission on Indigenous Peoples (NCIP). The certification precondition attests that NADECOR satisfactorily complied with the process requirements
Upgrades at StratMin’s Loharano Graphite Mine Starting to Pay Off, Madagascar
February 19, 2016
StratMin Global has reported sustained grade and volume improvements over the past month at its Loharano graphite mine in Madagascar. The plant has produced over 94 percent graphite concentrate, on demand and at volume for the first time, it said.
Ferrum Crescent Options Advanced Lead-Zinc Projects in Spain
February 19, 2016
Ferrum Crescent has optioned two interesting looking lead, zinc projects in northern Spain, one of which has seen 42 kilometers of historic drilling and analysis of the results will occur during due diligence. The projects are located in the provinces
Australia’s Resource Minister Sees Bright Future for Coal and Gas Sectors
February 19, 2016
Australia is in the box seat to capitalize on growing demand for mineral and energy exports, says Resources Minister Josh Frydenberg. But he said workplace laws needed further change, foreign investment encouraged and “unhelpful” restrictions to coal seam gas development
Kibo Mining Completes Metallurgical Test Results at Mbeya Coal-to-Power Project, Tanzania
February 19, 2016
Results from metallurgical test work at Kibo Mining’s Mbeya coal resource have increased management’s confidence in the coal-to-power project in Tanzania. The company sent a number of samples from its recent drilling program for analysis, with each composite sample being
Banro Closes $67.5 Million Stream Financing Relating to Twangiza Gold Mine, DRC
February 18, 2016
Banro Corporation has closed US$67.5 million of financing, representing the gold streaming transaction relating to the Twangiza mine with RFW Banro Investments Limited (RFWB), a subsidiary of the Baiyin Stream Partnership I, LP, a mining investment fund managed by Resources
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