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Archive of industry news from the global mining industry

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May 2016

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Mantle Mining to restart production at Morning Star gold mine in Australia 31 May 2016 Mantle Mining is scheduled to restart production at its underground Morning Star gold mine in Woods Point, Victoria, Australia, which originally closed in 1963 due to a lack of activity....

Galaxy to acquire General Mining for $155m 31 May 2016 Australian lithium developer Galaxy Resources has signed an agreement to acquire joint-venture partner General Mining for A$216m ($155m)....

Fortescue wins second towage licence for Australia's iron ore port 31 May 2016 Fortescue Metals Group subsidiary Pilbara Marine has secured a tender with Pilbara Ports Authority (PPA) to operate a second towage service at Port Hedland iron ore export terminal in Australia....

Deals this week: Mexus Gold, Pacific North West Capital, Australian Mines Limited 27 May 2016 Mexus Gold US has reached an agreement to form a 50:50 joint venture (JV) with MarMar Holdings, for the development of the Julio / Santa Elena property located in Caborca,...

M&As this week: Hecla Mining Company, American Lithium 27 May 2016 Hecla Mining Company and Mines Management have reached an agreement under which the former will acquire the...

Nautilus upgrades mineral resource estimates for underwater mining project in Mexico 27 May 2016 Tonga Offshore Mining, the wholly-owned subsidiary of Nautilus Minerals, has upgraded mineral resource estimates for its underwater polymetallic nodule mining project in the eastern Pacific,...

Report: China’s coal production and consumption decline as renewable energy soars 27 May 2016 Coal production in China is expected to decline to 3.4 billion tonne (Bt) in 2020, while consumption is also projected to decrease to 3.42Bt, says a Timetric...

Queensland’s new law requires mining companies to inform landholders on proposed projects 26 May 2016 The Parliament of Queensland has passed new legislation which requires mining companies to inform landholders and their neighbours about their proposed...

Dragon Mining terminates deal on processing flotation concentrate from Endomines’ Pampalo mine 26 May 2016 Dragon Mining has terminated the existing agreement on processing flotation concentrate from Endomines' Pampalo mine at the Svartliden leaching plant in...

Rye Patch to acquire ownership of Florida Canyon gold mine in US 26 May 2016 Rye Patch Gold has signed an agreement to acquire 100% ownership of the Florida Canyon gold mine in Pershing County, Nevada, US for...

BacTech and Comibol sign contract for Telamayu tailings remediation in Bolivia 25 May 2016 Empresa Minera Ambiental BacTech, the 98%-owned Bolivian subsidiary of BacTech Environmental, has signed a ten-year contract with Corporación Minera de Bolivia (Comibol) for remediation of...

Eurasia signs contract mining agreement with SKRS for West Kytlim deposit in Russia 25 May 2016 Eurasia Mining has signed an agreement under which SK Region-Story (SKRS) will perform contract mining at the former's West Kytlim alluvial platinum deposit in the Urals,...

Landslide at illegal jade mine in Myanmar kills 13 25 May 2016 A landslide that occurred at an illegal jade mine in Myanmar's northern Kachin State has claimed the lives of at least 13 people and injured 11...

Parsley Energy to acquire mineral rights in Southern Delaware Basin for $280.5m 24 May 2016 Parsley Energy has signed an agreement to purchase mineral rights of approximately 30,000 acres consisting of Parsley leasehold and other nearby properties in the Pecos and Reeves counties of...

Fresh strike hits BHP Billiton’s Spence mine in Chile 24 May 2016 Workers of Spence copper mine, owned by BHP Billiton, in Chile went on strike for 24 hours on Monday due to slow progress in talks over contractual terms....

New Mexico files lawsuit against EPA and two firms over 2015 spill of mine waste 24 May 2016 New Mexico has filed a lawsuit against the US Environmental Protection Agency (EPA) as well as two mining firms over the 2015 Gold Mine spill in...

Nevada Sunrise Gold provides update on six lithium exploration projects in Nevada 23 May 2016 Nevada Sunrise Gold Corporation has announced updates on its six lithium exploration projects located in Esmeralda County, Nevada....

NexGen Energy indicates more uranium at Arrow prospect in Saskatchewan 23 May 2016 NexGen Energy has found extensive mineralisation after eight drill holes were intersected during the drilling programme at its Arrow prospect in Athabasca Basin, Saskatchewan....

Glencore investors vote for climate change disclosure 23 May 2016 Shareholders have agreed that Glencore, which is a leading exporter of thermal coal, must offer more information on the risks faced by the company due to stringent legislations to control...

Report: Russia's iron ore mining industry to expand with increase in production and exports 20 May 2016 Iron ore production in Russia is estimated to grow to 115.1 million tonnes (Mt) in 2020 driven by new projects such as Bystrinskoye and Sobstvenno-Kachkanarskoye, says a report by Timetric....

M&As this week: First Mining Finance, Telferscot Resources, KEFI Minerals (Ethiopia) 20 May 2016 First Mining Finance has entered a definitive agreement to fully acquire Tamaka Gold Corporation....