Centerra, Kyrgyz Gov’t delay completion of deal over Kumtor mine

Having trouble viewing this email?  View online Europe News Digest Friday 24 August 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Centerra, Kyrgyz Gov't delay completion of deal over Kumtor mine Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country's largest gold mine. read » World's first autonomous and electric container vessel to launch in early 2020 About half the cost of the ship will be paid for by the Norwegian government. read » Russia in gold buying spree ahead of tougher US sanctions Moscow bought 26.1 tonnes of gold in July, more than in any other month this year. read » Dalradian shareholders advised to back Orion Mine's $230m takeover bid The offer is priced at a 62% premium to the explorer's share price at close on June 20, a day before it was announced. read » Lucara Diamond moves forward with 'stone by stone' sales plan Miner will include Sarine's mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis. read » Gem Diamonds big discoveries reach a dozen The company that digs the world's most valuable diamonds may soon become the one that also finds the biggest. read » Egyptian copper's origin revealed Two new studies reveal where ancient Egyptians got the red metal from. read » Sunstone Metals to sell Scandanavian copper asset for $30.3 million The two companies have just signed a non-biding letter of intent. read » Glencore credits China's 'Blue Skies' program for strong H1 Protectionism could limit future growth. read » Large diamond retailer drops 22% after cutting guidance Pandora cuts expected revenue from 7 to 10 per cent to 4 to 7 percent. read » Sole supplier puts cobalt (and EV) market at risk: IEA For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business. read » Canadian junior ready to start drilling for copper in Spain Pan Global's subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project. read » No love for KAZ mega copper project Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build. read » Killed Russian journalists said to have been working on story involving mining in CAR They were said to be investigating a private Russian security company operating in CAR as well as Russia's interests in the local diamond, gold and uranium sectors. read » Rio Tinto down despite $7.2bn cash return to investors Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts. read » Glencore's cobalt output up by almost a third thanks to Congo mines Glencore is the world's No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles. read » Fresnillo soars despite profit drop on Silverstream revaluation Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » Russian ministries reject proposed windfall tax on metals and mining firms Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate. read » Merkel allies pile on the pressure to keep coal plants running Germany's states are upping pressure on Chancellor Angela Merkel to keep coal-fired power for as long as 30 years as the nation approaches a deadline for setting an exit date from the fossil fuel. read » Three companies from Canada, China, Russia bid for Serbian copper mine Serbia's government said it was seeking a partner to invest at least $350 million in debt-laden RTB Bor. read » Poland's KGHM optimistic of meeting 2018 output plan Poland's KGHM will achieve its 2018 copper production plan despite a fall in output in the first half of the year. read » Copper producer KGHM's profit halves in second quarter KGHM said that second quarter net profit fell to 171 million zlotys ($45 million) and missed analysts forecasts of 361 million zlotys. read » Gold trading volumes double in Turkey amid currency crisis First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. read » Look away from the US and gold prices are soaring higher Gold may be trading at its lowest in 18 months in dollar terms but look at the precious metal in other currencies and you can see it's still serving its role as a safe-haven asset. read » Soviet collapse echoes in China's Belt and Road Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers. read » Electric car bets boosting nickel demand, Nornickel says Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal. read » Russia's richest lose $3.1B as tax plan hits shares Russia's super-rich tycoons lost more than $3 billion in one day. read » Chinese, Canadian-Finnish, Cypriot firms bid for Serbia copper mine China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter. read » Read more Europe news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  | 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