Category: Asia

Polymetal Begins Building Nezhda Gold Mine in Russia

Polymetal International has started construction at its Nezhda gold project in northeast Yakutia, Russia. The life-of-mine plan includes 19 years of conventional open-pit mining from 2019 through 2037 and 17 years of underground...

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Vedanta’s Mines Reach All-time High

In its most recent quarterly report, Vedanta reported mined metal production from underground mines for Q2 FY2019 was at an all-time high of 232,000 metric tons (mt), up 10% sequentially and 44% y-o-y driven by 33% y-o-y...

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ArcelorMittal Revises Proposal for Essar Steel

In response to media speculation, ArcelorMittal confirmed that on September 10 it submitted a revised proposal to Essar Steel India Ltd.’s (ESIL) Committee of Creditors for the acquisition of ESIL. The revised offer, which also...

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Nordgold Starts Production at Gross Mine in Yakutia

Nordgold has started gold production at its Gross heap leach mine in southwest Yakutia in eastern Russia. The mine is scheduled to produce 200,000 ounces per year (oz/y) of gold over a period of 17 years and lift Nordgold into...

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Rio Tinto to Sell Interest in Grasberg to Inalum

Rio Tinto has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum), Indonesia’s state mining company, for $3.5 billion. Separately, Inalum...

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Gold Output From CNMC’s Sokor Increases

A marked increase in gold output after its third processing plant began full commercial production in May this year enabled CNMC Goldmine Holdings Ltd. to generate core earnings of $1.80 million in the second quarter of 2018,...

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