CHAARAT Gold Holdings will use US$15 million raised by issuing short term senior secured convertible loan notes to advance its Tulkubash Heap Leach Project in the Kyrgyz Republic. The company is moving in to the first phase of development at Tulkubash, which forms part of the larger Chaarat Gold Project in the country’s west.
NSL Consolidated has enhanced its Chinese relations by executing a strategic cooperation agreement for provision of wet beneficiation iron ore plant engineering, procurement and construction (EPC) services. The MoU outlines the way forward for strategic cooperation with experienced EPC provider Shandong Xinhai Mining Technology and Equipment.
Lionsgold Limited expects to make a decision by the end of the June quarter on whether to construct an open pit mine at the Jonnagiri Gold Project in India. The decision will follow the release of an economic feasibility study, which Lionsgold said was nearing completion.
METAL Tiger has completed a pre-flotation financing of its new Thai mining joint venture to be called Kemco. The financing raised £514,000, payment of which will be triggered when the company lists on AIM later this year.