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.
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.
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.
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.