Centerra Completes Öksüt PEA, Kumtor Ownership Talks Continue

Centerra Gold has completed a preliminary economic assessment (PEA) of its 100% owned Öksüt project in south-central Turkey. The PEA envisions a conventional open-pit and heap leach facility with an expected total of 34 million mt of ore to be stacked at a maximum rate of 11,000 metric tons per day (mt/d).

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Eldorado Gets Investment Support for Eastern Dragon Project in China

CDH Investments, a leading Chinese private equity company, is acquiring a 20% interest in Eldorado Gold’s Eastern Dragon project in Heilongjiang province, northeast China, for $40 million in cash. Following a new share issuance, CDH will own a 21.05% interest in Sino Gold Tenya (HK) Ltd., Eldorado’s wholly owned Hong Kong subsidiary, which indirectly holds the company’s 95% interest in Eastern Dragon.

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Polyus Slows Natalka Gold Project Development

Polyus Gold International announced in late December 2013 that it is re-sequencing the development of its Natalka gold project in Russia’s Far East and delaying the launch of the plant to summer 2015 from the previously announced target of the summer of 2014.

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TVI Pacific Shuts Down at Canatuan

TVI Pacific stopped milling operations in mid-January 2014 at its Canatuan copper and zinc mine in Zamboanga del Norte province on the island of Mindanao in the Philippines after having exhausted its remaining stockpile.

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