The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.
KALGOORLIE Mining News
Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.
The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.
Barrick Gold's (NYSE,TSX:ABX) quest to find a buyer of the Kalgoorlie "Super Pit" has taken another intriguing turn.
They can also buy a car and even pay visits to the local doctor with the shiny yellow metal.
A huge 60-kilogram gold nugget allegedly found near Kalgoorlie has the Australian mining community literally suffering from gold fever.
La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent
Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."
La Mancha Resources Inc. (TSX: LMA, hereinafter "La Mancha" or the "Company") is pleased to announce that Proven and Probable gold reserves (the "reserves") at its Australian Frog's Leg mine have increased by 36% following the successful completion of a new upgraded mine plan that incorporates the significant resource increase announced in March 2011.
One of Australia's new significant gold projects, 60 kilometres south east of the gold capital of Kalgoorlie, is on target to begin production in September.
The successful mid-tier, high-grade gold producer near Kalgoorlie, Silver Lake Resources, has found a new lead in an old mining camp in the Murchison goldfield in the mid north of Western Australia.
Colin Jacoby Thursday, 6 August 2009 QUEENSLAND coal mining magnate and former Macarthur Coal chief Ken Talbot has taken out the Dealer of the Year award at a packed gala dinner on the last night […]
Metso has been involved with KCGM (Kalgoorlie Consolidated Gold Mines) since 2001 as the preferred contractor for servicing and maintenance of the crushing and materials handling facility at Fimiston plant in Kalgoorlie, Western Australia. Metso […]