SouthGobi Energy Resources has sold, subject to regulatory approval, its Metals Division to Ivanhoe Mines for $3 million. The Metals Division consists of certain base and precious metals properties in Mongolia and Indonesia. The transaction will enable SouthGobi Energy to focus solely on its principal business of coal production, development and exploration.

Linear Gold and Central Sun Mining have signed a letter agreement whereby Linear Gold will acquire all of the outstanding common shares of Central Sun in exchange for common shares of Linear Gold. The combined company will have:

Initial production of some 45,000 oz/y of gold increasing to 130,000 oz/y following completion of the Orosi Mill Installation in […]

Agreement has been reached for the sale of Lundin Mining’s subsidiary Pirites Alentejanas (PA) owner of the Aljustrel mine in Portugal to MTO SGPS, SA. Closure of the agreement is expected by the end of January 2009, subject to the completion of certain contractual obligations and a favorable decision from the Portuguese Securities Market Commission to […]

At the beginning of December a British coal mine produced its three millionth tonne of the year, putting it on target to record the highest annual output for any coal mine in the history of coal mining in Britain. Mineworkers at Daw Mill mine between Tamworth and Nuneaton, West Midlands, hit the milestone as day and […]

Over the years, earthmoving machinery reaching the end of its useful life has significantly contributed to the total volume of waste needing to be treated or disposed of. For this reason, end-of-life recycling has today become a market requirement and an integral phase of a machine’s life cycle. To ensure environmentally sound treatment of a […]

The United Nations Framework Classification for Fossil Energy and Mineral Resources Terminology (UNFC) may improve global communications regarding remaining quantities of non-renewable fossil energy and mineral resources. The UNFC of 2004, with its accompanying UN ECOSOC Resolution 2004/233 recommending worldwide application, has recently been simplified in order to facilitate global use. This new draft version […]