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By: Henry Lazenby Updated 3 hours ago Greece has revoked the approval required by Vancouver-based Eldorado Gold to complete construction of the Skouries project processing plant. The company on Monday announced that its subsidiary Hellas Gold on Friday received the notice from Greece's Ministry of Productive Reconstruction, Energy... →
By: Reuters Updated 3 hours ago Newmont Mining's Indonesian copper export permit will not be renewed beyond March 19, unless it strikes a deal with Freeport-McMoRan to invest in the latter's planned smelter, a mines ministry official said on Monday. Southeast Asia's largest economy is in talks with miners over their plans to... →
By: Natalie Greve Updated 5 hours ago Tanzania-focused mineral explorer Kibo Mining has received commitments to a share placing of 19-million new ordinary shares at a placing price of 5p apiece to raise gross proceeds of £950 000. “We are very pleased to undertake this placing, primarily because of the strategic advantage of... →
By: Natalie Greve Updated 6 hours ago Year-to-date production at diamond producer Trans Hex’s South African operations reached 52 667 ct by the end of January, with 32 450 ct produced in the six months ended September 31 and 20 217 ct produced in the four-month period between October and the end of January. The group’s Somiluana... →
By: Natalie Greve Updated 7 hours ago A feasibility study and financial model of Edenville Energy’s proposed Rukwa coal-to-power project, in Western Tanzania, have suggested a two-phase construction period that could see the development of an integrated coal mine and power plant boasting generating capacity of some 300 MW. Under the... →
By: Martin Creamer Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants in the form of turbines at two... →
By: Terence Creamer State-owned electricity utility Eskom announced that first power was produced at 11:03 on Monday March 2, 2015, from Medupi Unit 6, marking a major milestone for the coal-fired power station project, which has been plagued by delays and cost overruns associated with technical and labour problems.... →
By: Creamer Media Reporter The latest auctions of emerald and beryl and amethyst mined at Aim-listed Gemfields’ operations have realised revenues of $14.95-million. The third auction of emeralds and beryl from the company’s 75%-owned Kagem mine, in Zambia, for the current financial year, saw the sale of 10.1-million carats... →