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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
Hargreaves Services Hit by UK Coal and Steel Pressures
February 17, 2016
The challenges in UK coal and steel hit the half year results of solid fuel provider Hargreaves Services, which reported a 82 percent drop in pre-tax profit and that it was cutting its dividend by 83 percent. Shares in the
Orinoco Gold Raises A$2.6 Million to Bring Cascavel Gold Project to Production, Brazil
February 16, 2016
Orinoco Gold has raised circa A$2.6 million at $0.17 a share from a non-renounceable entitlements issue, which included an attaching option. The funds will be used to bring its Cascavel Gold Project in Brazil into imminent production. The gold sector
GBM Resources Acquires Rio Tinto’s Copper-Molybdenum Project, Queensland
February 16, 2016
GBM Resources has taken advantage of opportunities arising in the resources sector, acquiring Rio Tinto’s advanced exploration copper - molybdenum project near the Mount Morgan mine in Central Queensland. Historic drilling at Moonmera single tenement saw some interesting intersections reported
World Coal Association: India Needs International Support on High Efficiency Coal
February 16, 2016
World Coal Association Chief Executive Benjamin Sporton has said the critical role of coal in driving economic development in India meant the international community should support advanced coal technologies in the country. “India has made it very clear that coal
Caterpillar Names Rimco Official Dealer for Cuba
February 16, 2016
Caterpillar Inc. has selected Rimco, a privately owned Puerto Rico-based company, to be the Cat dealer for Cuba. Currently, Rimco serves as the Cat dealer for Puerto Rico and the Eastern Caribbean. Upon easing of trade restrictions, customers in Cuba
Ariana Resources Making Rapid Progress with Construction of Its Kiziltepe Gold Mine, Turkey
February 16, 2016
Ariana Resources managing director Kerim Sener said its local partner Proccea is making “rapid progress” with the construction of the pair’s Kiziltepe Mine in Turkey — and it remains on course for first gold pour in the second half of
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