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By: Reuters Updated 2 hours ago Guinea's economy is likely to take a $2-billion hit from a regional Ebola outbreak that has killed nearly 10 000 people, and the country is relying on mining to drive growth once the virus is contained, the finance minister said. Guinea is the world's top exporter of the aluminium ore bauxite and... →
By: Creamer Media Reporter Updated 2 hours 8 minutes ago Aim-listed Richland Resources this week closed the sale of its tanzanite mining, beneficiation and tsavorite licence interests in Tanzania to Sky Associates for $5.1-million. The gemstone miner announced in November 2014 that it would exit Tanzania to focus on its sapphire operation in Australia,... →
By: Reuters Updated 4 hours ago A rally in Australian coal prices has fizzled almost as quickly as it started, brought down to earth by oversupply and weakening Chinese demand, setting the stage for lower annual price agreements with Japanese utilities. →
By: Esmarie Swanepoel Updated 4 hours ago The Australian resources sector has welcomed the passing of the exploration development incentive (EDI) through the Senate. The federal government last year announced a budget of A$100-million over the next three years to fund the EDI, to support junior exploration companies conducting... →
By: Esmarie Swanepoel Updated 4 hours ago Western Australia is no longer the world’s top jurisdiction for mining investment, the latest survey by Canada’s Fraser Institute has shown. Moving up three spots in the survey’s investment attractiveness index, Finland is now considered the best address for mining and exploration investment.... →
By: Esmarie Swanepoel Updated 4 hours ago The prefeasibility study (PFS) into the Colluli potash project, in Eritrea, has estimated that the project would require an initial investment of some $442-million. The PFS examined a two-module development with an expected production of 425 000 t/y sulphate potash for the first five years of... →
By: Esmarie Swanepoel Updated 4 hours ago New South Wales Resources and Energy Minister Anthony Roberts on Wednesday announced the cancellation of two petroleum exploration licences for coal seam gas (CSG) held by independent explorer Pangaea, following a buyback. The first of the licences covered about one-million hectares north of... →
By: Esmarie Swanepoel Updated 4 hours ago The New South Wales government has granted a new development consent that would allow the Bengalla coal mine to continue mining until 2038. ASX-listed Wesfarmers, which is a 40% owner in the operation with Rio Tinto subsidiary Coal & Allied, the majority partner, said on Wednesday that the new... →