Parliamentary Resolution Advances Centerra’s Gatsuurt Gold Project

Centerra Gold reported in early February that the Mongolian Parliament has passed a resolution setting the state ownership interest in Centerra’s proposed Gatsuurt gold project at 34% and authorizing the government to complete negotiations with Centerra on the terms of such ownership. Final agreements will include a deposit development agreement and an investment agreement.

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Report Highlights Changes in Asian Bauxite Supply Picture

London-based Roskill Information Services recently released its latest Metallurgical Bauxite and Alumina report, with forecasts to 2026. The report highlights concerns about Malaysia’s anticipated role as a long-term supplier of bauxite for the Chinese market after Indonesia stopped exporting raw ore.

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Golden Star Going Underground at Prestea

Golden Star Resources has reported the results from a feasibility study of development of an underground mine on the high-grade West Reef deposit on its Prestea property in southwest Ghana. The Prestea property hosts a previously operated underground mine that Golden Star acquired and placed on care and maintenance in 2002. Extensive surface infrastructure and underground development are in place and can be used in developing a new mine on the West Reef deposit.

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