Centerra Gold started construction on its Öksüt Project in Turkey during late March, after receiving the pastureland permit, investment incentive certificate and board approval during the quarter. The site contractor mobilized...
Read MoreFiresteel Resources, a Canadian gold mining company with properties in Finland and northwestern British Columbia, plans to bring its Laiva mine on the west coast of Finland into production by August. This mine was previously in...
Read MoreRio Tinto has announced agreements for separate transactions to sell its Dunkerque aluminum smelter in northern France to Liberty House and its ISAL smelter in Hafnarjordur, Iceland, to Norsk Hydro (Hydro). The Hydro transaction...
Read MoreIn the fourth quarter of 2017, the copper market saw prices grow by double digits compared to the previous-year period, a much-welcomed market development for copper miners worldwide. Poland-based KGHM Polska Miedź Group, one of...
Read MoreBoliden: Mine Production Attains Record Level Boliden’s first quarter report was characterized by strong levels of mined production and stable production at the copper smelters. “The metal prices trend was favorable throughout...
Read MoreEldorado Gold Corp. reported that it has received multiple tenders for significantly better concentrate sales terms at Olympias Phase II, where wet commissioning at the project is currently underway. Under the new sales terms,...
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Sirius Minerals has received approval from the North York Moors National Park Authority for the underground mine and mineral transport system that are the key components of its proposed York potash project in North York, England. Sirius expects final details of the project approval process to be completed by the end of September. The company is currently working with its financial advisers to arrange financing for the project.
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Wolf Minerals Ltd. initiated wet commissioning of the ore processing plant at its Hemerdon tungsten-tin project in southwest England in late June and expects to ship the project’s first concentrates before the end of the third quarter of 2015. Project design calls for plant throughput of 3 million metric tons per year (mt/y) and production of 3,450 mt/y of WO3 and 460 mt/y of tin in separate concentrates.
Read MoreEldorado Gold has provided updates for its 95% owned Olympias gold project in northern Greece and its 80.5% owned Certej gold project in western Romania. Eldorado acquired both projects when it acquired European Goldfields in early 2012. Both projects have been previously mined.
Read MoreOrex Minerals and Agnico Eagle Mines have formed a joint venture to pursue development of Orex’s Barsele gold project 600 km north of Stockholm, Sweden. The project has an estimated NI 43-101-compliant indicated resource dated November 30, 2012, of 14.1 million mt grading 1.21 g/mt gold for 547,000 oz of contained gold and an estimated inferred resource of 20.2 million mt grading 0.97 g/mt gold for 627,000 oz of contained gold.
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Think of three factors that each might cause investors some unease: gold, Russia and debt. Then combine them into one package, and the reasons for the financial troubles at the second-largest gold producer in Russia, Petropavlovsk, begin to become clear.
