China Nonferrous Gold Limited gets a US$6.5 million loan from its shareholder

MINEX FORUM | September 29, 2017
img0 China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, provides the financial update regardin loan agreement with CNMC. Following the substantial operational issues that have impacted the company as a result of the avalanches and landslides earlier in the year, the ...

VEB loans Mechel $190 million

MINEX FORUM | September 29, 2017
img0 Mechel PAO (MOEX: MTLR; NYSE: MTL) reports about signing agreement with Vnesheconombank on a loan to Elgaugol OOO for a total of up to 190 million US dollars in order to refinance its obligations to Vnesheconombank, said minexforum.com press-service. Vnesheconombank and Elgaugol OOO which is part of Mechel Group’s mining division, signed a loan agreement ...

Northvolt is about to compete with Asian producers for the lithium-ion battery market

MINEX FORUM | September 26, 2017
img0 Swiss engineering group ABB has joined Northvolt’s project to build Europe’s largest lithium-ion battery factory in Sweden to cater for expected demand growth for electric cars, said mining.com. Northvolt aims to reduce reliance on batteries from China and South Korea as European carmakers come under increasing pressure to cut vehicle emissions. Batteries are the biggest ...

Nordgold became the Montagne d’Or majority shareholder

MINEX FORUM | September 26, 2017
img0 Nord Gold SE announced that it has become the majority shareholder of Compagnie Minière Montagne d’Or (owner of the Montagne d’Or gold deposit in French Guiana) by obtaining 55.01% of its share capital, said Nordgold’s press-service. On September 14, 2017, the Company signed a Shareholder Agreement with Columbus Gold Corp. outlining the rights and obligations ...

ALROSA extracted a huge pink diamond

MINEX FORUM | September 25, 2017
img0 “Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery: by far the largest company’s pink rough diamond had a weight of about 4 carats, said the comapy’s press-service. If the company decides to cut this stone, it could become the most expensive polished diamond ...

Labour Party to protect both coal and renewable industries

MINEX FORUM | September 25, 2017
img0 Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries. The Labour Party leader said a future Labour government would invest in former mining areas blighted by poverty, while also spending to promote renewable energy, said mining.com. “It’s about ...