Asia Pacific

Kingsrose Mining has agreed with each of its lenders - Michael John Andrews, Great Golden Investment Limited and Beaurama Pty Ltd - to restructure the repayment profile of the company’s loan facilities. The company commenced repayment of the facilities on July 31, 2015, with a total of Aus$1.8 million repaid…
Barely 24 hours after Rio Tinto-controlled Turquoise Hill (TSE:TRQ) got the go-ahead for the long-delayed expansion of the massive copper-gold Oyu Tolgoi mine, the Asian country authorities have struck again. This time, the parliament has decided to cancel a deal with a consortium of foreign firms to develop the giant…
Canadian seafloor miner Nautilus Minerals (TSX:NUS) said Tuesday it has struck a deal with provider Gardline CGG, which will allow the company resume exploration around Solomon Islands, east of Papua New Guinea (PNG), where it is developing a gold, copper and silver underwater mine.   the goal is to expand…
Chinese authorities have unveiled the results of study into the nation’s uranium deposits, which puts its reserves at over 2 million tonnes, government's Xinhua News Agency reports.   According to the head of China Nuclear geology (CNG), Du Yunbin, the country’s uranium deposits have doubled in the last 15 years…
Whitehaven Coal has started transporting coal from its Maules Creek in New South Wales (NSW) earlier than expected.   The first coal-laden train departed the mine site heading for the port at Newcastle following a test train.   As anticipated by the company, the project budget is likely to be…
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