Worker dies in Philippines gold mine

Medusa Mining, through its Philippines operating company Philsaga Mining Corporation, has reported a fatality at its Co-O underground gold mine in the Philippines. The incident occurred at the start of dayshift on March 22 on Level 8 of the mine in northeast Mindanao.

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$5.4 million to assist Kingsrose restructure

Administrators advise that Kingsrose Mining has raised $5.4 million via a secured convertible loan facility to assist with the ongoing restructure of its financial arrangements and operations at the Way Linggo Project in Indonesia. Firm commitments of up to another $1 million are expected to be received in the next seven days.

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Company to divest Myanmar interests

Eumeralla Resources plans to divest its Myanmar operations, almost four years after it applied for an exploration licence in the country, but will continue with its operations in Mongolia for the immediate future.

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Studies enhance potential of BKM

The resource definition drilling program at Asiamet Resources’ Beruang Kanan Main (BKM) copper deposit in Central Kalimantan, Indonesia is expected to be completed early next month with an updated resource estimate due shortly after.

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