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Metso Cutting 44 Jobs from Minerals Division in Finland
January 6, 2016
Metso has concluded employee negotiations in its Minerals business in Finland. As a result of the negotiations, the company will reduce a total of 44 positions, mostly in Tampere. The original estimated reduction need was approximately 75 jobs. The concluded
Vast Resources Secures £5 Million to Advance Projects in Romania
January 6, 2016
Vast Resources unveiled a financing deal with investor Crede to raise up to £5mln to advance projects in Romania. The investment is being done in four tranches equal to £1.25mln - the first of which is being issued today, with
Crusader Resources Secures $1.3 Million for Scoping Study at Juruena Gold Project, Brazil
January 6, 2016
Crusader Resources has attracted institutions and sophisticated investors in a $1.3 million placement priced at $0.12 per share. These funds will enable the scoping study on the Juruena Gold project to be completed in the first quarter of 2016. Juruena
Albemarle Completes Sale of Metal Sulfides Business to Treibacher Industrie AG
January 6, 2016
Albemarle Corporation has successfully completed the sale of its Tribotecc metal sulfides business to Treibacher Industrie AG. The transaction included sites in Vienna and Arnoldstein, Austria and Tribotecc’s proprietary sulfide synthesis process. About Albemarle Albemarle Corporation, headquartered in Baton Rouge,
Dragon Mining Set to Advance Fäboliden Gold Deposit, Sweden
January 6, 2016
Dragon Mining has delivered an impressive maiden resource of 6.9 million tonnes at 3.3g/t gold for 743,000 ounces for the Fäboliden project in northern Sweden. The Fäboliden Gold Deposit is a medium grade body of gold mineralization that has good
Ortac Resources Set to Commission Zamsort Demonstration Plant in Q2 2016, Zambia
January 6, 2016
Ortac Resources is looking forward to more good news from the Zamsort operation, in Zambia, where a commercial scale demonstration plant has been built. At Zamsort, which will make copper cement and cobalt hydroxide filter cake, the company has a
Two Fatalities at Extract Resources Chepica Gold Processing Plant, Chile
January 6, 2016
Xtract Resources has announced with deep sadness two fatalities occurred at its Chepica gold processing plant on Christmas Eve. The fatal accidents occurred when an individual who was undergoing training entered a restricted area without the necessary safety equipment; a
Rescuers Drill Through Fragile Ground to Reach Miners Trapped for Ten Days at Gypsum Mine, China
January 6, 2016
Rescuers have dropped provisions to four Chinese mine workers trapped for 10 days in a wrecked gypsum mine and are slowly drilling a route to save them, state media said Monday. The men are trapped more than 200 meters below
TerraCom Set to Secure Funding to Advance Baruun Noyon Uul Coal Mine, Mongolia
January 5, 2016
TerraCom has advanced two debt restructuring options during a balance sheet recalibration process expected to secure funding as the company’s Baruun Noyon Uul (BNU) project aims to become one of the largest and highest quality coking coal producers in Mongolia.
India Coal Consumption to Buck the Trend
January 5, 2016
Amid all of the talk that wind and solar will fuel the world, India still has 300 million people still don’t have any electricity to begin with. While India aims to increase its solar and wind power generation, to support
