BBM Anak coal production imminent

With preparations well advanced, production of high-quality coal is imminent from BBM Anak, a newly targeted mining area within Cokal Limited’s Bumi Barito Mineral (BBM) Coal Project in Indonesia. BBM is Cokal’s flagship asset and is in Central Kalimantan.

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Barrick and Shandong finalise Veladero JV

Barrick Gold Corporation has completed the sale of a 50% interest in the Veladero mine in San Juan province, Argentina to Shandong Gold Mining Co Ltd for US$960 million. Formation of a 50/50 joint venture is the first of three steps outlined in a strategic cooperation agreement between Barrick and Shandong.

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Aspire welcomes Tyva rail support

Aspire Mining and its rail subsidiary Northern Railways LLC welcome confirmation of support for the Northern Rail Corridor from the Tyva Republic Government. Tyva is a republic within the Russian Federation that covers the proposed corridor from the Mongolian border at Arts Suuri through Kyzyl and north towards the Trans-Siberian Railway.

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Sihayo aims to raise A$4.5 million

Sihayo Gold is seeking to raise up to approximately $4.5 million through a pro rata non-renounceable entitlements offer with the majority of funds to be used for loan repayments. Funds will also be allocated to optimisation of a feasibility study into the company’s Sihayo/Sambung Gold Project in North Sumatra, Indonesia.

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