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Latest issue of International Mining Project News available (May 9)Posted on May 9th, 2008
The continued strength of gold and iron ore prices are reflected in this edition of International Mining Project News. A heavyweight issue is dominated by projects heading into project development and the bulk of those companies are pursuing gold and iron ore interests. (more…) Massive DRC mining (and infrastructure) agreement with ChinaPosted on May 9th, 2008
The Government of the Democratic Republic of Congo (DRC) today revealed the details of its mining agreement with China. In a statement to Parliament in Kinshasa, Infrastructure Minister Pierre Lumbi described the deal as “a vast Marshall Plan for the reconstruction of our country’s basic infrastructure. This contract is the foundation on which the growth of our economy is going to be built. It is going to generate tens of thousands of jobs directly or indirectly, with some 10,000 persons being employed directly in the first phase. (more…) Strategic partnership to develop Santa Cruz projects, ArgentinaPosted on May 9th, 2008
Patagonia Gold SA (PGSA), a wholly owned subsidiary of Patagonia Gold Plc, has entered into a Letter of Intent (LOI) with Fomento Minero de Santa Cruz Sociedad del Estado (Fomicruz SE), a mining company wholly owned by the pro-mining government of Santa Cruz Province, Argentina. The LOI sets out the key terms and conditions of a strategic partnership between PGSA and Fomicruz SE for the future development of PGSA’s mining properties in Santa Cruz province, including the gold and silver projects of Lomada de Leiva, Cap Oeste and La Manchuria Main Zone, together with properties currently owned by Fomicruz SE. (more…) DOE takes next steps with restructured FutureGen approachPosted on May 8th, 2008
The US Department of Energy (DOE) has released a draft Funding Opportunity Announcement (FOA) to solicit public input on the demonstration of multiple commercial-scale Integrated Gasification Combined Cycle (IGCC) or other clean coal power plants with cutting-edge carbon capture and storage (CCS) technology under the Department’s restructured FutureGen approach. The draft solicitation outlines the planned scope of the project, evaluation criteria, terms and conditions, and cost sharing requirements for public-private cooperation under FutureGen. DOE announced a restructured approach to its FutureGen project on January 30, 2008, to build on technological research and development advancements in CCS technology achieved over the past five years, changing market conditions for clean coal technology, as well as efforts to limit taxpayer exposure and maximise the federal government’s investment in this cutting-edge technology. The restructured approach aims to accelerate the near-term deployment of advanced clean coal technology by equipping new IGCC or other clean coal commercial power plants - that generate at least 300 MW of power - with CCS technology and, with multiple projects funded, is expected to at least double the amount of CO2 sequestered compared to the concept announced in 2003. (more…) Zinifex makes friends with Jinchuan and completes its Allegiance purchasePosted on May 7th, 2008
Jinchuan Group has accepted Zinifex Australia’s offer for its 10.4% interest in Allegiance Mining. With Jinchuan’s acceptance, Zinifex will own more than 90% of Allegiance and will move to compulsorily acquire the outstanding shares and de-list the company. (more…) HAZEMAG & EPR celebrations for 60 yearsPosted on May 7th, 2008
HAZEMAG & EPR is a concern that evolved from the merging of two separate German companies, both of which have good reason to celebrate. Hazemag is celebrating 60 years this year, and EPR over 100 years more. During its long and varied history, the Eisenhütte Prinz Rudolph (Prince Rudolph Foundry), which has been resident in Dülmen, Westphalia for some 165 years, has progressed from its beginnings as the first industrial firm in Dülmen to a successful specialist manufacturer of mining and tunnelling equipment. (more…) |
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