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China Nonferrous Gold Pours First Gold at Pakrut Project, Tajikistan
January 11, 2016
On Tuesday, December 29, 2015, the first gold ingots were poured at China Nonferrous Gold Limited’s wholly owned Pakrut gold project in Tajikistan. “I am delighted to report that the company has poured its first gold at Pakrut, as this
Almonty Korea Tungsten Signs Engineering Agreement for Sangdong Mine Processing Facility, Korea
January 11, 2016
Almonty Industries Inc.‘s subsidiary, Almonty Korea Tungsten Corporation (AKTC) has signed an agreement with Korea Engineering Consultants Corporation (KECC) to conduct detailed engineering and design work on a mineral processing plant and mine facilities for a 640,000 tonne per annum
Almonty Industries Completes Acquisition of Panasqueira Tungsten Mine, Portugal
January 11, 2016
Almonty Industries Inc. has acquired a 100 percent ownership interest in Beralt Ventures Inc. (BVI) from Sojitz Tungsten Resources, Inc. BVI, through its wholly-owned subsidiaries, is the 100 percent owner of the various rights and interests comprising the Panasqueira tungsten
PT Freeport Indonesia’s Underground Operation Adds Fleet of Immersive Technologies Simulators
January 11, 2016
PT Freeport Indonesia’s underground operation has added an additional fleet of simulators from leading simulator provider Immersive Technologies to develop and improve operator skills and safety at site. As a longtime customer, Freeport has seen a range of production improvements
Tungsten Mining Raises $1.9 Million to Advance Mt. Mulgine and Big Hill Tungsten Properties
January 8, 2016
Tungsten Mining has raised A$1.9 million via the placement of 48 million shares at A$0.04 per share as the company focuses on a duo of recent Western Australian acquisitions. The funds will be applied to development activities at the company’s
Mining Investors Mull the New Norm
January 8, 2016
Mining investors that have been enjoying their Christmas pudding and now drinking wine over the festive holiday are mulling over what 2016 will bring in the beleaguered sector. Commodity prices have been ravaged in 2015 as the Chinese economic downturn
Gold Gains on Middle East Tensions
January 8, 2016
The price of gold jumped 2 percent overnight to a four-week high on the back of rising tensions in the Middle East. The yellow metal gained was last valued at US$1,074.17 per ounce after trading as high as $1,083.30 yesterday
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
