by Gordon Barratt | Jun 5, 2020 | News
In the wake of the COVID-19, electricity demand in Japan has dropped and the power prices have declined. The drop in demand and the increase in solar power generation are eventually driving down the wholesale electricity prices. The ongoing economic contraction,...
by Gordon Barratt | Jun 5, 2020 | News
Pennsylvania-based AK Coal Resources is closing over the next few months after a buyer did not come forward to take over the North Fork coking coal mine. In a June 4 email, owner Cleveland-Cliffs said shutting the underground mine was part of synergies after Cliffs...
by Gordon Barratt | Jun 4, 2020 | News
The Cracow gold mine. Image: Evolution Mining.Evolution Mining has agreed to sell the Cracow gold mine in Queensland to junior producer Aeris Resources in a deal worth up to $125 million. This is part of Evolution’s portfolio assessment and goal to hold six to eight...
by Gordon Barratt | Jun 4, 2020 | News
Musgrave Minerals has noted impressive results for its drilling campaign at the Cue project in the Murchison district of Western Australia. Assays for first holes from Musgrave’s reverse circulation (RC) drilling at the Starlight discovery returned intercepts...
by Gordon Barratt | Jun 4, 2020 | News
Anglo American owns both Moranbah North and Grosvenor mine (pictured).(Supplied) The mining union says there has been a gas-related safety incident at the Moranbah North coal mine in Central Queensland after ventilation fans failed. Key points: Gas ventilation fans...
by Gordon Barratt | Jun 4, 2020 | News
The company has maintained its guidance for 2020 which is around 430,000 ounces of gold at an all-In sustaining cost of US$980 per ounce. Resolute has increased gold poured during the March 2020 quarter relative to the previous quarter Resolute Mining Ltd managing...
