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Exploration has begun on Strandline’s heavy mineral sands tenements in southern Tanzania as the Australian-based explorer awaits the first $US0.5M cash payment from new earn-in partner Rio Tinto due within 30 days.
Rio has completed due diligence on the agreement worth up to $10.75M to earn up to 75% in the tenements, including a minimum $2M spend within 18 months.
Strandline says its current exploration is preparing for reconnaissance-level aircore drilling at the priority target...
Escalating tensions over Tanzanian government allegations against the country's largest gold miner, Acacia Mining, have erupted into violence with security forces reporting the arrests of at least 66 people at the North Mara mine.
Police say over 500 people from villagers surrounding the openpit and underground project stormed onto mine site armed with spears and machetes on three days last week.
Some of the attackers got as far as the mine's gold...
Tanzanian security forces arrested at least 66 people after more than 500 local villagers armed with machetes and spears invaded Acacia's North Mara gold mine in NW Tanzania.
Local police chief Morris Okinda told Reuters the residents of villages surrounding the mine stormed the mine site and gold processing plant over several days attempting to steal gold ore.
Officials say the villagers were reacting to government criticism of Acacia for alleged large-scale tax evasion. Tear gas...
Breaks - COLOMBIA: 8 DEAD IN COAL MINE BLAST
At least eight miners have died and five more are missing after a methane gas explosion in an illegal underground coal mine in the village of Pueblo Viejo in Cucunuba municipality in Colombia's Cundinamarca province, the national mining agency reported.
Rescue work is continuing in the remote mountain region where illegal underground coal mining is widespread.
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Canadian project developer Northcliff is turning its focus to off-take and financing negotiations after gaining federal cabinet approval for its proposed $C579M Sisson tungsten and molybdenum project 100km NW of Fredericton in New Brunswick.
The Sisson Partnership of Northcliff (88.5%) and Todd Minerals (11.5%) is putting together a potential 30,000tpd openpit mine and processing development to produce an average 557,000mtu tungsten and 4.1Mlb molybdenum a year over a mine life of 27...
Company - Hawkeye Gold & Diamond Inc
Vancouver-based explorer/developer focused on acquisition of low-cost, high-potential projects.
Guatemalan police have used tear gas to end a 16-day blockade that has been preventing access by mine-related traffic to Canadian miner Tahoe Resources' giant Escobal underground silver mine 40km SE of Guatemala City. Tahoe says it's not aware of any serious injuries resulting from the police action.
Escobal, one of the world's largest silver mines with 2016 production of 21.1Moz of silver in concentrate, has been the target of frequent protests over environmental, traffic and...
Rio Tinto has raised the prospect of calling off shareholder meetings scheduled in London and Sydney next week following Glencore's new attempt to gazump the agreed sale of Coal & Allied Industries to Yancoal Australia.
A statement to the London exchange indicates that, unless the Rio board has decided by Tuesday morning that Yancoal's $US2.45B agreed deal is still superior to the revised $2.675M Glencore bid, the meetings will be adjourned.
If the board decides the Glencore...