Asia Pacific
Kingsrose varies loan repayment profile
Kingsrose Mining has agreed with each of its lenders - Michael John Andrews, Great Golden Investment Limited and Beaurama Pty Ltd - to restructure the repayment profile of the company’s loan facilities. The company commenced repayment of the facilities...
Africa
SouthGobi granted review extension
The Continued Listing Committee of Toronto Stock Exchange (TSX) has advised SouthGobi Resources of its decision to extend the delisting review until November 23, 2015. The committee was planning to make a decision regarding SouthGobi’s listing status and whether...
Europe
Barclays stops funding mountain-top removal coal mining process
UK banking and financial services company Barclays, the largest financier of the mountain-top removal (MTR) in 2013, has announced it will no longer finance the controversial coal mining method. In a policy document released in March, the company said...
Europe
Timetric survey says 48% of European and FSU miners will adopt autonomous vehicles by 2020
A survey by Timetric's Mining Intelligence Centre (MIC) has revealed that 48% of miners in Europe and Former Soviet Union (FSU) countries intend to use autonomous vehicles by 2020. The survey polled opinions of more than 100 mine managers...
Asia Pacific
Mongolia halts landmark deal with foreign firms over massive coal mine
Barely 24 hours after Rio Tinto-controlled Turquoise Hill (TSE:TRQ) got the go-ahead for the long-delayed expansion of the massive copper-gold Oyu Tolgoi mine, the Asian country authorities have struck again. This time, the parliament has decided to cancel a...
Europe
World’s largest copper producer Chile slashes 2015 output forecast
Chile, the world’s largest copper producer and exporter, will mine this year less of the red metal than previously anticipated, with estimations dropping from 6.0 million to 5.94 million tonnes, the state copper commission Cochilco said. In its...
Africa
Roxgold starts construction of supergrade Yaramoko
Shares in Roxgold Inc (CVE:ROG) held onto recent gains on Tuesday after the company announced construction has gotten underway at its ultra-high grade Yaramoko project in Burkina Faso. The Toronto-based junior was changing hands at $0.60, up more...
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