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China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Gold Prices Flat as US Dollar Pares Gains on US Data, Mining Stocks Mixed
Spot gold prices once again were steady around US$1,125/oz after showing yet more volatility yesterday, when the yellow metal slipped below US$1,120/oz after almost reaching US$1,135/oz, largely in response to movements in the currency markets.
Gold fell after the euro weakened against the US dollar on comments from a Greek official, who said that the country [...]
Barrick Gold Operation Continued Bulyanhulu Gold Mine in Tanzania
Bulyanhulu gold mines had closed several days due to a fatal accident, three miners trapped 900 feet below ground and can not be saved. Bulyanhulu gold mine is a gold mine operated African Barrick Gold. But on Friday, African Barrick Gold has announced that the Bulyanhulu gold mines have been operating again.
African Barrick Gold said [...]
Sasol Coal Mining Company to Build New Coal Mine Exports
Coal mining company Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation.
The Thubelisha export coal mine, already under construction, will also supply Sasol’s synfuels factory in Secunda, in Mpumalanga province.
Sasol Mining’s output in the six months to December 31 was up 6%, but its profit of R170-million was [...]
Dajin Resources Received Lithium Mining Exploration Certificate in Jujuy Province
The Board of Directors of Dajin Resources Corp. wish to announce that Dajin received a certificate from the Mining Authorities of Jujuy Province, located in north western Argentina, confirming that the company has sufficient title and control over 83,248 hectares of exploration or exploitation rights covering Dajin’s Salinas Grandes/Guayatayoc Basin lithium, potash and borate [...]
Bathurst Resources Joint Venture with L&M Coal Holding Acquires Coking Coal Asset in New Zealand
Australian listed coal company Bathurst Resources has penned an agreement with L&M Coal Holdings to joint venture and ultimately acquire an outstanding hard coking coal asset in the Buller coal field in New Zealand through the acquisition of 100% of L&M Coal Limited.
Stirling Resources to Complete Agreement Recapitalization Monarch Gold
West Australian resources developer Stirling Resources advises it is completing funding and documentation arrangements for the A$15m recapitalizations of Monarch Gold with formal settlement to occur later this week.
Settlement date for the transaction is set for 26th February 2010 and on completion Stirling will own and control 35% of Swan Gold Mining Limited (the renamed [...]
Troy Resources Lost Up 2.23 million at Andorinhas Gold Mine, Brazil
Perth-based junior Troy Resources has lost up to $2.23 million worth of gold in a robbery at its Andorinhas mine in Brazil, the company announced yesterday.
According to Troy, a group of armed robbers took three employees hostage on the road leaving the mine before returning to the Andorinhas site where approximately 2,000 ounces of gold [...]
Gold Prices Rises, Profits of Gold Producers Barrick Gold Expected To Rise
Increase in gold prices affect producer profits in gold and gold mining company. One of the largest gold producer Barrick Gold Corp. reported profits in this year will increase sharply, as gold prices rose sharply. In previous years the company suffered a loss of $ 468 million. But this year, profits in the fourth quarter [...]
