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PHI Group to Acquire One Hundred Million Metric Tonnes of Coal Resources in E. Kalimantan, Indonesia
February 3, 2012
PHI Group has signed a Letter of Intent to acquire approximately 100 million metric tonnes of coal resources, together with the operation and production license (IUP Operasi Produksi), located in an area of 9,900 hectares in East Kalimantan, Indonesia from PT.…
Golden Reign Resources Acquires El Jicaro Mining Concession, Nicaragua
February 2, 2012
Golden Reign Resources has acquired a new property, the El Jicaro Concession, which is located adjacent to and south of the company’s flagship San Albino-Murra Property, Nueva Segovia, Nicaragua. The El Jicaro Concession encompasses the southwest extension of the mineralized structures…
Harmony Gold Reports Two Fatalities; Bambanani Mine and Doornkop Mine
February 1, 2012
Harmony Gold reported two fatalities. One fatality on Jan. 29 at the West shaft next to Bambanani mine in the Free State and the other on Jan. 25 at its Doornkop mine near Randfontein Jan. 29, 2012: West Shaft Next to…
Pacific Coal Provides Update on Work Stoppage at La Caypa Mine in Colombia
February 1, 2012
Pacific Coal Resources has reported an illegal work stoppage at their La Caypa Mine located in the municipality of Barrancas, Department of La Guajira, Colombia. The personnel involved in this action are not employees of Pacific Coal, nor its subsidiary Carbones…
Scania to Build Industrial Facility in India to Expand Mining Trucks Offering
February 1, 2012
Scania is planning to invest about SEK 200 million in an industrial facility in Bangalore during the coming year. The Scania Regional Product Center, India will also be the center of the company’s commercial operations in the country. Scania’s ambition is…
L&L Enters Into Agreement Acquiring Majority Stake of the Weishe Mine in China
February 1, 2012
L& L Energy has entered an agreement acquiring 51 percent controlling interest of the Weishe coal mine in China. Weishe Mine Acquisition Highlights — Purchase Price: Approximately $16.2 million, to be paid in full with 3 million LLEN shares…
Graystone Announces Project Plan for Its Mining Projects in Peru
February 1, 2012
Graystone Company has announced its project plan for its mining projects in Peru. The company recently announced that preliminary assay results demonstrated approximately 0.7 grams of gold per cubic meter with a high of 1.47 grams per cubic meter on the…
Casablanca Mining Subsidiary Agrees to Sell Equity Interest in Sulfatos Chile to Bluestone Minerals
February 1, 2012
Casablanca Mining subsidiary, Santa Teresa Minerals, has entered into an agreement to sell its 60 percent interest in Sulfatos Chile to Bluestone Minerals. The purchase price will be cash in the amount of $2.2 million, payable $1 million at closing and…
MP Tony Windsor Welcomes Mining Committee Appointments
February 1, 2012
Independent MP Tony Windsor has described the interim appointments to a scientific committee that will advise on new mining and coal seam gas projects as a good “first step”. The New England MP demanded the committee be set up in exchange…
NSW Government Rejects Tinkler’s Coal Loader Proposal
February 1, 2012
The State Government has rejected mining magnate Nathan Tinkler’s multi-billion dollar proposal for a fifth coal loader on the former BHP Steelworks site at Mayfield. Premier Barry O’Farrell has issued a statement saying following an assessment, the Government believes the potential…
