Posts by Mineweb:

GVK Power to raise $1.2 bn debt for Hancock coal assets

India's GVK Power, a unit of infrastructure major GVK Group, which had inked a deal to purchase two of Hancock Prospecting's thermal coal mines in Australia for around $2.4 billion, is set to raise $1.2 billion as debt to part fund its acquisition. The Hyderabad-based GVK Power has roped in ICICI Bank to syndicating the $1.2 billion loan. Sanjay Reddy, vice chairman of GVK, signed an agreement with Gina Rinehart, chairman of Hancock, earlier in June.
Mineweb | July 6, 2011 | 6:03 am

Romarco faces 12-month delay on Haile gold project on new EIS requirement

Canadian gold explorer Romarco Minerals, which has been pioneering the possible re-opening of South Carolina as the potential location for a significant gold mining area, has received something of a setback in a U.S. Corp of Engineers requirement that it submit an Environmental Impact Statement (EIS) for a portion of what the company describes as "the low-functioning and impaired wetlands and streams onsite" at its exciting Haile gold mining project there. Image of the Haile gold mining area, by Romarco Minerals.
Mineweb | July 5, 2011 | 4:52 pm

Q2 output to rise 5% – Gold Fields

Gold Fields, the world's fourth largest gold producer, said on Tuesday it expects production to rise as much as 5% in the second quarter to approximately 872,000 gold equivalent ounces.
Mineweb | July 5, 2011 | 11:38 am

$20 billion in diamonds and gold found at Indian temple

Investigators plan to pry open the final vault hidden deep under a centuries-old Indian Hindu temple as police guarded round the clock the shrine where billions of dollars worth of treasure has been discovered. Over the last week a seven-member team of investigators has broken into five of the six secret subterranean vaults piled high with jewels that have lain untouched for hundreds of years.
Mineweb | July 5, 2011 | 1:58 am