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Bounty saga finalised with QCoal agreement
Bounty Mining has signed a $90 million refinancing facility agreement with QCoal Bounty Holdings. The deal provides cash funding of $60 million and a guarantee facility for $30 million. The funds will be used for repayment of the outstanding amounts owing to Amaroo...
CAPE secures Rio Tinto contract in Pilbara
Rio Tinto has awarded mining and utilities services company CAPE a contract for the Robe Valley sustaining project in Western Australia. The project, which is 140 kilometres from Karratha in the Pilbara region, is upgrading and expanding Robe Valley’s existing mesa...
Sierra Leone cancels mining licence of Gerald Group unit
Sierra Leone’s government has cancelled the mining licence of a subsidiary of Gerald Group, the mines minister told Reuters on Tuesday, amid a dispute over royalty payments. SL Mining suspended its iron ore mining operations in the West African country last month...
Columbus Gold says French Guiana project safe with new Paris mining delegate
Canada’s Columbus Gold (TSX: CGT) said on Tuesday that the future of its French Guiana Montagne d’Or gold project, a joint venture with Russia’s Nordgold, looks positive, as Paris has appointed a mining veteran to lead the sector and coordinate projects in France’s...