jueves, 30 de agosto de 2018

Newmont to extend footprint in Colombia with Lyra gold project deal

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Mining News Digest
Thursday 30 August 2018
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The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.

Can old coal mines generate harnessable low-carbon heat for domestic use?

"It is not just China."

Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.

Canada's largest diversified miner said that before beginning the copper mine upgrade, it would have to secure a development partner able to invest $2billion for up to 30% to 40% stake in the project.

South Korea, Brazil and Argentina will benefit from the measure.

Botswana's Minergy Limited said on Wednesday it has started construction at its Masama Coal Mine, which is set to be the country's first privately-owned coal mine, following government approval.

The 83 workers of the Plantas de Andina union began a strike on Aug. 20 after contract negotiations over salaries and bonuses failed.

Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to "shine bright" in the world of Special diamonds.

South Africa plans to publish a final version of its new Mining Charter for implementation by November.

Phoenix Global Mining, which is reopening a U.S. copper mine abandoned during World War II when its workforce left to fight, plans to list in New York in September after a disappointing launch on London's AIM market.

The London-listed company said in February it had received environmental approval for the three-stage infrastructure upgrade.

In Chile, threats of a government crackdown on over-usage of water often ring hollow. Mines need water, and the country´s copper-driven economy needs mines.

The company said five holes had been dug on top of a pipeline carrying a solution of gold and cyanide.

A strike at AngloGold Ashanti's Siguiri gold mine in Guinea has halts operations.

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