China Magnesium acquiring Fugu operation

CHINA Magnesium Corporation (CMC) has entered into an agreement to lease and operate a semi coke, magnesium and tar oil operation in Fugu County, Shaanxi province. The 20-year lease and cooperative operating agreement is with the current owner of the operations, Shaanxi San Xin Co Second Branch.

Read more ...

RMG to develop investment capabilities

WITH natural resources currently accounting for 60% of Papua New Guinea’s (PNG) exports, and expectations that the liquefied natural gas (LNG) project will enter into production this year, doubling the size of the nation’s economy, mineral resources have become an important part of the overall PNG national development program. Now, with assistance from the World Bank, Raw Materials Group (RMG) has been asked to advise and support the PNG Government in further strengthening the investment promotion capabilities of its Mineral Resources Authority (MRA) and Geological Survey Division.

Read more ...

PanAust to acquire major Frieda River stake

PANAUST Limited has entered into a share sale and purchase agreement with a subsidiary of Glencore Xstrata to acquire Glencore’s 80% interest in the Frieda River Copper‐Gold Project by acquiring all shares held by Glencore in Xstrata Frieda River Limited (XFRL), a PNG registered company. PanAust has also agreed to take a 7.5% stake in Highlands Pacific, which has the minority interest in the project, by way of a placement.

Read more ...

Funds for underground adit at Mt Kare

INDOCHINE Mining will use around Aus$6 million raised in a 2 for 5 pro-rata non-renounceable entitlement offer to commence construction of an underground adit at Mt Kare Gold-Silver Project. The adit will enable Indochine to seek to achieve its near term target of defining 1 million ounces of gold at a grade of 10 grams/tonne gold.

Read more ...

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events