ACHEMA MIDDLE EAST

North America

Former Aussie coal magnate Nathan Tinkler buys Anglo American mine

Nathan Tinkler was once Australia's youngest billionaire, but lost it all when coal prices crumbled. (Image from archives) Australian electrician turned mining entrepreneur, Nathan Tinkler, is once again trying to come back to the coal industry after signing a...

Gold on track to record third-straight annual loss

Source: Kitco Metals Live Charts. Gold prices were mostly trading in negative territory Wednesday morning in the U.S. amid light volumes and weak oil prices. February delivery on the Comex division of the New York Mercantile Exchange was last...

Encouraging Martabe exploration results

ECR Minerals is considering the extent to which it may carry out further exploration at the Danglay project in the Philippines following publication of a technical resource report. Last month, the company announced the first resource estimate for the...

ZincOx fundraising bid fails

ZincOx has failed in its attempt to raise the US$5 million that would have allowed it to reschedule US$57.1 million of debt owing to Korea Zinc. ZincOx will now hand a 90% stake in its South Korean recycling plant...

Klondex picks up idled Manitoba mine for $32 million

Klondex Mines (TSX:KDX) has added to its portfolio of properties by acquiring the idled Rice Lake Mine in Manitoba, Canada. The Nevada-focused gold and silver producer said Friday it would buy the mine and mill for US$20 million in...

Duratray SDBs purpose-built

One of the largest copper mines in Africa is increasing production at its open pit operation by employing a fleet of 200-tonne haul trucks with overhead trolley-assist specially designed for long, steep, uphill climb conditions. Duratray SDBAmong the fleet...

Tembang underground production begins

The southern cutback to the existing Belinau open pit at Sumatra Copper & Gold’s Tembang project has advanced as planned with the first underground development drive now into high grade gold and silver-bearing ore on Level 1. The re-optimized...

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