first_imgThe latest issue of International Mining Project News, out today, has reports on 21 prefeasibility studies, six feasibility studies, 17 projects in development, 11 new mines that have gone into production, four existing mines that are expanding, 10 merger and acquisition announcements and many new appointments to new positions. The report covers 29 gold projects, 20 copper, nine silver projects, four iron ore, and three diamonds, zinc, nickel, tungsten, cobalt, molybdenum projects, two coal, and one PGM, potash, manganese, lead, tin, tantalum-lithium, graphite, antimony, vanadium projects. This report, released every two weeks, keeps you up to date on worldwide mine developments and contains many sales leads. For more information contact [email protected] .Boliden has entered into an agreement with Australian Altona Mining to purchase the Kylylahti copper mine, the exploration rights and copper/nickel deposits in the Outokumpu field in eastern Finland. The consideration for the transaction amounts to $95 million. The agreement is subject to approval by the Finnish Competition and Consumer Authority and the approval of the shareholders of Altona Mining. “We see several synergies in mining, metallurgy and exploration. The exploration areas are similar to what we experience in Sweden and have potential for additional discoveries. The acquisition will also establish Boliden as a mining company in Finland, where we already are a significant smelting company,” says Lennart Evrell, President and CEO, Boliden.Central Rand Gold announces that following the successful implementation of the Acid Mine Drainage (AMD) pumping and treatment solution by the Trans Caledon Tunnel Authority (TCTA), gold mineralisation found between 450 m and 900 m below surface, which had previously been downgraded to ‘Exploration Target’, has been reclassified by independent consultants Venmyn Deloitte as ‘Mineral Resource’.The installation of the Ritz high capacity AMD pumps in March 2014, and the subsequent commissioning of the High Density Sludge (HDS) plant in May 2014, combined with a simultaneous reduction in the water level observed at the pumping station and at the CMR mine, has demonstrated that the entire basin in Johannesburg can be dewatered from a single point. Economic capital and operating cost studies have shown that further de-watering beyond the 450 m level can be done efficiently and economically, with the installation of additional pumps and piping and thus the hurdle for “eventual economic extraction”, a key aspect in the definition of ‘Mineral Resources’ in terms of the SAMREC Code, is satisfied.Borneo Resource Investments, a mining company that mines gold and develops producing gold mining properties in Indonesia, is building its second processing area to extract more gold from ore at its Ratatotok South property. Borneo expects this infrastructure expansion will triple the company’s gold production at the property.  Borneo acquired Ratatotok South, one of its three contiguous Ratatotok properties, in December 2013 through its subsidiary PT Puncak Kalabat. The 8.5 ha property, located in the middle of a well-established gold reef area, became the company’s second producing gold mine. Borneo started mining the property shortly after its acquisition and completed its first full production run in May 2014.Whilst GoGold Resources announces that a land agreement to mine and explore on the Ejido property associated with the Santa Gertrudis Gold Mine in Mexico has been executed. The agreement allows GoGold to mine and explore the 2,006 hectares of land that is owned by the local Ejido for a period of ten years with an option to renew for a further five years. With the company’s intent to reestablish mining, this agreement will allow GoGold to fast track the Santa Gertrudis gold mine to production.Newmont Mining Corp has announced it completed the sale of its Jundee underground gold mine in Australia to Northern Star Resources Limited , for total proceeds of approximately $91 million. We are pleased to have completed the sale of Jundee as part of our ongoing effort to increase shareholder value by focusing on lower cost, longer life operations,” said Randy Engel, Newmont’s Executive Vice President for Strategic Development. “With the closing of this sale, Newmont has generated approximately $800 million in proceeds over the last 12 months from the divestment of non-core assets.”last_img