NEWS — Click on text to read news by category: General | Product | People | Worldwide
Continental Coal Accelerates Payments to Acquire Outstanding 35.9 Percent in Mashala Resources
July 5, 2011
South African focused Continental Coal subsidiary CCL has elected to accelerate payments of an option to acquire the outstanding 35.9 percent minority interests in Mashala Resources. Continental said the decision by CCL to move towards 100 percent ownership of Mashala follows…
Pike River Teams Make Good Progress, New Zealand Mine Rescue Workers Enter Mine Portal
July 5, 2011
The first trip into the Pike River coal mine since it was hit by a deadly explosion last November has been more productive than expected, a mine manager says. A team of six New Zealand Mines Rescue workers entered the mine…
Proposed $7.5 Billion Coal-to-Liquid Fuel Mine and Processing Plant in Australia
July 5, 2011
Two companies last week announced they were working towards building a $7.5 billion coal-to-liquid fuel mine and processing plant in the Territory. Explorer Central Petroleum has signed a deal with assets developer Allied Resource Partners to raise money for the project.…
FLSmidth to Supply Equipment for Copper Mine in Zambia
July 5, 2011
FLSmidth has received a contract worth approximately USD 50m from Kalumbila Minerals Ltd., a wholly owned subsidiary of First Quantum Minerals Ltd. for the supply of equipment to their extensive copper development, Sentinel Project, situated in northern Zambia. The order entails…
Eldorado Announces Start-up of Efemcukuru Gold Mine in Turkey
July 5, 2011
Paul N. Wright, president and chief executive officer of Eldorado Gold Corporation reported the start-up of the Efemcukuru gold mine in Izmir, Turkey. The necessary permits are in place to allow full mining and processing operations, and low grade ore is…
Gold Fields Closes $60 Million Loan With Stanbic Ghana for Fleet Replacement
July 5, 2011
Stanbic Bank Ghana said last week it had closed a $60 million senior revolving loan with Gold Fields’ unit in the country. The bank, a unit of South Africa’s Standard Bank Group, said in a statement the loan was for a…
Ukraine to Privatize Eleven Electric Power Companies
July 5, 2011
The Ukrainian government will sell its stakes in two power plants and nine power distribution companies this autumn for an estimated $753-765 million, the State Property Fund said last week. The government hopes the move will help it finance its budget…
110,000 South African Metalworkers and Engineers Go On Strike
July 5, 2011
More than 110,000 South African engineers and metalworkers launched a strike Monday to demand a 13 percent wage increase, with thousands of workers marching through the country’s main cities. The National Union of Metalworkers of South Africa declared the strike after…
Thousands Strike at Freeport McMoRan’s Grasberg Mine in Papua
July 5, 2011
More than 7,000 workers from US company Freeport McMoRan’s massive gold and copper mine in Indonesia’s western Papua region started a week-long strike on Monday to demand better wages. “We want a bigger salary so that we can afford to have…
Cassidy Acquires Exploitation Permit for Kouroussa Gold Project, Guinea, West Africa
June 30, 2011
Cassidy Gold Corp. has recently received an Exploitation Permit covering all gold resources identified to-date at the company’s 100 percent owned Kouroussa Gold Project located in Guinea, West Africa. This permit runs through to October 14, 2019. The Exploitation Permit covers…
