Allied targets increased output in March Q

Pacific Rim gold producer Allied Gold was targeting an increased output at both its Simberi and Gold Ridge operations for the three months to March. The miner reported that gold production for the three months to December reached 31 181 oz, which...

Seabridge updates KSM study: reserves, mine life increased

Toronto-based Seabridge Gold has completed an updated prelimary feasibility study for its KSM project in British Columbia, including increased reserves and the potential to boost production just a few years after the mine starts operations, the...

Peabody sends PRB coal to Europe, eyes new W Coast port

US coal producer Peabody Energy is exporting production from its Powder River Basin mines to Europe, and expects to see increasing markets for the coal as resource hungry Asian markets put pressure on global supplies. The company is already...

Kingsgate eyes Mt Kare gold project in PNG

ASX-listed gold-miner Kingsgate Consolidated on Friday confirmed that it was reviewing the Mount Kare project in Papua New Guinea (PNG) as part of its strategy to diversify its asset base in Southeast Asia and the Pacific Rim. CEO Gavin Thomas...

Pacific Rim to buy Panama project, 'similar' to delayed El Salvador mine

Vancouver-based Pacific Rim Mining, which is in the midst of international arbitration brought against the government of El Salvador, has signed a binding letter of intent to buy a gold project in Panama. The Remance project has similar...

El Salvador intends total ban on mining – report

Canadian firm Pacific Rim Mining this week claimed a small victory in its arbitration against the El Salvadorian government, but President Mauricio Funes has been quoted as saying that he plans to stop mining in the country altogether. “Funes...

Aveng says Aquarius withdraws R963m damages claim

Midtier miner Aquarius Platinum has withdrawn a R963-million damages claim against Aveng and the MD of its contract mining unit Moolmans, the engineering and construction group said on Friday. However, Aveng said that its counterclaims against...

Hearings under way in Pacific Rim project arbitration

A hearing began on Monday in an arbitration case brought by Pacific Rim Mining against the government of El Salvador, the company reported. The hearing, on the preliminary objection filed by the government in relation to the action brought by...

Peabody ships first coal to Newcastle terminal

NYSE-listed Peabody Energy has made its first coal shipment to the new 30-million-ton-a-year export terminal in Newcastle, Australia, the firm announced on Monday. The Newcastle Coal Infrastructure Group (NCIG) port is expected to start exports...

Peabody approves expansion at Australian met coal mine

US coal-producer Peabody Energy will go ahead with a project to upgrade and expand capacity at its Metropolitan mine, in New South Wales, Australia, by one-million tons. The expansion will cost about $70-million, including about $15-million this...

Pacific Rim says arbitration tribunal formed for El Salvador case

An arbitration case brought by Pacific Rim Mining against the government of El Salvador will move ahead, as the arbitration tribunal has now been constituted, the company reported on Thursday. Pacific Rim embarked on arbitration proceedings...

Long shipping distance, limited rail capacity cited as snags to SA coal exports to Asia-Pacific Rim

There is significant opportunity for South Africa’s coal industry to export to the Asia-Pacific Rim countries, and especially to India, if the country is able to provide the quantities and qualities required, Wood Mackenzie consultant Xavier...