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Avnel Golds Reports Metallurgical Results & Process Plant Design for DFS, Kalana Main Project, Mali
February 9, 2016
Avnel Gold Mining Limited has reported metallurgical test program results completed as part of a definitive feasibility study (DFS) for the Kalana Main Project in south-western Mali. The company also provided details on the processing plant design parameters for the
Roxgold Continues to Advance Construction of Yaramoko Gold Project in Burkina Faso, West Africa
February 9, 2016
Roxgold Inc. has continued to advance construction of the Yaramoko Gold Project. The Yaramoko Gold Project has advanced considerably with significant infrastructure packages now complete. Underground mine development rates are ahead of plan and the project continues to track on
Royal Nickel Provides Update on Salt Lake Mining Acquisition, Australia
February 9, 2016
Royal Nickel Corporation has provided an update that Salt Lake Mining Pty Ltd. (SLM) has sold its non-core 100 percent-owned Widgiemooltha and Carr Boyd exploration projects for a cash payment of A$1.6 million plus a future contingent payment of A$0.6
Adani Power to Build $2.2 Billion Coal Fired Power Plant in Jharkhand, India
February 9, 2016
Adani Power Ltd will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand state, two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade. The
Luxembourg Ministry of the Economy Launches Initiative to Back Asteroid Mining
February 9, 2016
One small step for a man, one giant leap for a duchy: Mining asteroids for minerals is one step closer to reality after tiny Luxembourg announced plans Wednesday to help the fledgling industry get into orbit. The Luxembourg Ministry of
Xtract Gets Green Light to Re-start Chepica Gold Processing Plant, Chile
February 9, 2016
Xtract Resources has been granted permission to re-start its processing plant at the Chepica gold mine in Chile. Ore will start to be processed again tomorrow morning and be back to full capacity in a few days, Xtract said. The
China Stops Approvals of New Coal Mines
February 8, 2016
China won’t approve any new coal mines before the end of 2019, the State Council said on February 5, as authorities work to slash overcapacity in the industry. The country will shut down 500 million tonnes of capacity and consolidate
K92 Completes Financing to Restart Its Kainantu Gold Project, Papua New Guinea
February 8, 2016
K92 Holdings International Limited has entered into financing agreements with CRH Funding II Pte. Ltd., an affiliate of Cartesian Royalty Holdings and Cartesian Capital Group, consisting of a gold prepayment investment and an equity investment. Upon signing, K92 drew down
Centerra Gold Reaches Agreement with Mongolian Government to Advance Gatsuurt Project
February 8, 2016
The Mongolian Parliament has passed a resolution setting the state ownership interest in Centerra Gold Inc.‘s Gatsuurt Project at 34 percent and authorizing the government to complete negotiations with Centerra on the terms of such ownership. In October 2015, the
Tanzanian Royalty’s Subsidiary Tanzam Files Force Majeure for Buckreef Site Due to Unrest
February 8, 2016
Tanzanian Royalty Exploration subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of their
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