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Shanta to undertake additional drilling at New Luika

By: Creamer Media Reporter      Updated 2 minutes ago East Africa-focused Shanta Gold will undertake 5 000 m of additional drilling to further optimise the bankable feasibility study and decrease the risk profile of the planned life-of-mine (LoM) extension at its New Luika gold mine, in south-western Tanzania. In October, Shanta said it had... 

Glencore invests in Congo hydropower as solution to blackouts

By: Reuters     Updated 43 minutes ago Glencore and its partner in Congo are ploughing $360-million into refurbishing the African nation's main hydroelectric plant as mining companies seek ways to overcome power shortages that are holding back projects. Mining investment has poured into Democratic Republic of Congo since 2006, after... 

Indian govt trade union arm puts up roadblock to coal sector reform

By: Ajoy K Das     Updated 51 minutes ago The Indian government’s frantic efforts to push through coal sector legislative reforms has hit a roadblock from the ruling party’s own trade union wing. Trade union Bharatiya Mazdoor Sangh (BMS), the labour frontal organisation of the ruling Bharatiya Janata Party (BJP), has raised the red flag... 

Gokona underground mine gets green light, first ore expected H1 2015

By: Natasha Odendaal     Updated 2 hours ago The final applications to secure permits to start underground mining at the Gokona pit at North Mara, in Tanzania, were set to be submitted after the board of the newly renamed Acacia Mining approved the project’s definitive feasibility study. The gold miner, formerly called African Barrick Gold,... 

Rio and Dominion JV approves $350m Canada diamond investment

By: Esmarie Swanepoel     Updated 2 hours ago Diversified miner Rio Tinto has given the green light for the development of the fourth pipe, known as A21, at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 pipe development was part of the original mine plan and is estimated to cost $350-million over four years. 

Coastal water boundary changes a major boost for WA

By: Esmarie Swanepoel     Updated 2 hours 3 minutes ago Changes to the commonwealth offshore coastal waters boundaries could deliver an additional A$2.9-billion in state royalties from the Torosa field alone, Western Australian Mines and Petroleum Minister Bill Marmion said this week. The state government this week approved legislation that would... 

WA industry bodies welcome Aboriginal Heritage Act changes

By: Esmarie Swanepoel     Updated 2 hours 6 minutes ago The Western Australian resources sector has welcomed the introduction of the Aboriginal Heritage Amendment Bill to Parliament, saying it would improve efficiency, decision-making, transparency and compliance in the development approvals process of major projects. Aboriginal Affairs Minister... 

WA industry bodies welcome Aboriginal Heritage Act changes

A$1.2bn Persephone investment approved - Woodside

By: Esmarie Swanepoel     Updated 2 hours 11 minutes ago ASX-listed Woodside and its joint venture (JV) partners in the North West Shelf project have approved the development of the Persephone project, offshore Australia. The project, which would require a total investment of A$1.2-billion, would involve a twowell, 7 km subsea tieback from the... 

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