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Gahcho Kué Ramping-up to Commercial Production
The De Beers Group of Companies (51%) and Mountain Province Diamonds (49%) announced in early August that commissioning was complete at their Gahcho Kué diamond project in Canada’s Northwest Territories. Ore from the mine was being fed to the processing plant, and ramp-up to commercial production was scheduled for completion in the first .... read
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Oceana Nearing Production Start at Haile Mine
OceanaGold reported that construction at its Haile open-pit gold mine in Lancaster county, South Carolina, remains on track for first ore to be delivered to the mill at the end of 2016. Oceana acquired the Haile project when it acquired Romarco Minerals at the end of September 2015. Romarco began construction of the project in .... read more
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Taseko Receives Permit for Florence Test Facility
Taseko Mines has received a permit from the Arizona Department of Environmental Quality (ADEQ) to construct, operate, and close a 24-well test in-situ copper recovery operation at its Florence Copper project near the community of Florence, Arizona, midway between Phoenix and Tucson. The injection and recovery well system will be accompanied by a state-ofthe-art solvent extraction and electro-winning facility that will .... read
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Timmins Gold Initiates Pre-construction at Ana Paula
Timmins Gold has initiated a $9.2 million pre-construction program, including work on a feasibility study, at its Ana Paula gold project in Guerrero, Mexico. Development of the program is based on a positive preliminary economic assessment (PEA) completed in March that indicates that Ana Paula represents a robust, high-margin, open-pit mining project at .… read
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Yamana Sells Mercedes to Premier Gold Mines
Yamana Gold has entered into a definitive agreement to sell its Mercedes underground gold-silver mine in Sonora, Mexico, to Premier Gold Mines, a Canadian junior company headquartered in Thunder Bay, Ontario. Pursuant to the agreement, Yamana will receive cash and equity securities valued at $140 million at the time of the negotiations, with cash accounting for $122.5 million of the total. The transaction was expected ....
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| AROUND THE
WORLD - Australasia |
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OZ Minerals Earning Into West Musgrave Copper-Nickel Project
OZ Minerals has signed a heads of agreement with Cassini Resources to earn up to 70% of the West Musgrave project in east-central Western Australia. The project area includes the Nebo-Babel nickel and copper sulphide deposits, the Succoth copper deposit, and other high-grade targets. OZ has made an initial A$3 million commitment to fund a detailed scoping study to optimize the project. Further regional exploration will leverage …. read
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Evolution Acquires 30% of Ernest Henry, Sells Pajingo
Glencore and Evolution Mining have struck a deal for all of the gold and some of the copper produced at the Ernest Henry mine in northwest Queensland, Australia. For $A880 million and monthly installments equal to 30% of the mine’s production costs, Evolution purchased a 30% stake in the mine, which would …. read
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Lucara Leans on X-ray Tech for Improved Diamond Recovery
Lucara Diamond Corp. is installing more X-ray transmission (XRT) technology at its Karowe diamond mine in Botswana to process finer size fractions of diamonds. The project involves the installation of four new XRT diamond recovery units and associated conveying and screening infrastructure. The new units will target recovery of diamonds in the size range between 4 mm and 8 mm. The XRT technology will process .….
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Roxgold Close to Commercial Production at Yaramoko
Roxgold Inc. reported that its new, underground Yaramoko gold mine in western Burkina Faso is on track to reach commercial production before the end of September. The project poured its first gold in mid-May and poured 14,482 oz for the reporting period to the end of June. Mill feed grade was averaging 13.4 g/mt gold …. read
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Alrosa Developing New Open-pit Diamond Mine
The Zarya open pit is one of Alrosa’s major investment projects. Initial investment is planned at 9.8 billion rubles (about $150 million). Development of the pit will guarantee stable use of the Aikhal Division’s existing processing facilities, with total rough diamond recovery from the pit estimated at 3.6 million carats. The Aikhal Mining and Processing Division was established in 1986 and currently mines rough diamonds at the Yubileyny and …. read more
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India Looks Worldwide for Mineral Survey Candidate
India’s Ministry of Mines is seeking an international mineral exploration organization with expertise to conduct an aerial survey of 800,000 km2 of land labeled as having “obvious geological potential” by the government. The survey exercise is part of the Ministry of Mine’s action plan to boost the contribution of India’s domestic mining industry to the national Gross Domestic Product (GDP) to 3.3% by 2019, up from 2.3% at present. According to government official ….
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Foxleigh Mine Sale Completed
After seeking a buyer for more than a year, Anglo American has completed its sale of its interest in the Foxleigh complex in the Bowen Basin region of Queensland, Australia, to a group led by Taurus Fund Management. The deal with the consortium was first inked as a sale and purchase agreement …. read more
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Contura Completes Acquisition, Alpha Names Stetson CEO
Contura Energy completed the previously announced acquisition of several core assets from Alpha Natural Resources (ANR), which was a key step for Alpha to emerge from Chapter 11 bankruptcy. Contura will be a private, Tennessee-based company with affiliate mining operations across multiple major coal basins in Pennsylvania, Virginia, West Virginia and Wyoming. It also purchased …. read more
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CONSOL Energy Pays to Exit CAPP
CONSOL Energy will pay Booth Energy a total of $44 million to take over its Miller Creek mining complex and Fola Mining complex subsidiaries in West Virginia. The Miller Creek complex has an active surface mining operation and prep plant, which produced 2.1 million tons in 2015,according to the Mine Safety and Health Administration (MSHA), and two underground mines, which are listed as …. read
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Premier Gold Mines announced that Charles Ronkos has joined the company as executive vice president, project development, Americas. Most recently, he was senior vice president, exploration, at Goldcorp. 
Newmarket Gold appointed John Landmark as vice president, exploration. In addition, Lukas Lundin, a founder of Newmarket, is retiring from the board of directors and will join the Newmarket Advisory Board. Most recently, Landmark was the regional head of exploration for Anglo American. 
Lydian International Ltd. appointed Gillian Davidson as an independent director. Davidson is currently head of mining and metals at the World Economic Forum. Prior to joining the forum, Gillian was director of social responsibility at Teck Resources, Canada. 
Dr. Braden T. Lusk, professor of mining engineering at the University of Kentucky and a two-time graduate of Missouri University of Science and Technology, has been named chair of the mining and nuclear engineering department at Missouri S&T. Mining Inc. 
The U.S. National Mining Association welcomed Ashley Burke as the mining organization’s senior vice president for communications. Burke was previously global director of communications for Dentons.
Superior Industries appointed Peter Patterson as territory sales manager throughout central and western Canada. Patterson comes to Superior after most recently holding the position as a regional sales manager at Metso. CEO.
CMS Cepcor announced Andrew McNally will be the business development manager of Africa.
A.W. Chesterton announced that Andrew W. Chesterton, formerly executive vice president and chairman of the board, has been named the new president and CEO.