ACHEMA MIDDLE EAST

Africa

Bisie Tin Project, Congo

The Bisie Tin Project is located approximately 60km north-west of Walikale Centre and 180km north-west of Goma, the capital of the North Kivu Province, in eastern Democratic Republic of Congo (DRC). The project hosts two deposits namely the...

Alecto Minerals strikes JV deal with Randgold for Mali project

Shares in Alecto Minerals (LON:ALO) soared Monday after it announced it had struck a joint venture deal with Randgold Resources (LON:RRS) over the former's Kossanto West Gold Project in Western Mali. Once deal is completed, Randgold would fund all...

Randgold raises dividend despite profit slump

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday its full-year profit from mining dropped by 11%, hit by a continued weakness in the prices metal, which lost about 10% of its value in 2015 for a third straight annual...

Option to buy Kyrgyz project lapses

The potential buyers of Orsu Metals Corporation’s Akdjol-Tokhtazan project in the Kyrgyz Republic have not exercised their option to purchase the project before the deadline of December 31. Consequently, the agreement has lapsed and ongoing discussions between the company...

Thiess awarded UHG contract extension

CIMIC Group’s global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue...

Dozens missing in new Myanmar landslide

Dozens are missing and feared dead after a landslide struck a remote jade mining region in northern Myanmar on December 25. It was the second such incident to hit the country's jade industry in five weeks. The landslide occurred...

Nautilus signs new offtake agreement

Nautilus Minerals has signed a new agreement with Tongling Nonferrous Metals Group for the sale of product extracted from the company’s Solwara 1 deposit in the Bismarck Sea of Papua New Guinea, with first delivery expected in the first...

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