Petropavlovsk achieves FY guidance, focuses on POX Hub

MINEX FORUM | January 31, 2018
img0 Russian gold miner Petropavlovsk boosted its production by nearly 10% to 439 600 oz in 2017, achieving its guidance of 420 000 oz to 460 000 oz. The higher production was supported by an almost 20% increase on the previous year from both the Pioneer and Malomir mines, chairperson Ian Ashby reported on Tuesday. The Pioneer mine increased production from 133 ...

Prairie positive about Polish coal mining future

MINEX FORUM | January 31, 2018
img0 With the Polish government strongly supporting the development of new, modernised coal mines, ASX-listed Prairie Miningis upbeat about its Debiensko coking coal project, located in the country’s Upper Silesian region. The miner explained that during the quarter ended December 31, Poland’s newly appointed Prime Minister Mateusz Morawiecki officially presented the Ministry of Development’s Programme for Silesia, which included a strategy for the restart ...

Arc settles Slovakia liability

MINEX FORUM | January 31, 2018
img0 Aim-listed Arc Minerals, formerly Ortac Resources, has agreed a settlement of royalty relating to the original purchase of the Sturec gold project, clearing the way for the company to sell the Slovakia asset. The $3.75-million vendor royalty came into existence following the purchase of the asset from Tournigan in 2010. The company has also settled a 2% net smelter royalty on gold production, which ...

Nornickel says palladium output may fall in 2018

MINEX FORUM | January 31, 2018
img0 Norilsk Nickel, the world’s largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, previously said its production of nickel and platinum group metals would be unchanged with rising copper output in 2018-2020. “We reiterate our earlier 2018 metal ...

Top-10 global mining trends expected for 2018

MINEX FORUM | January 31, 2018
img0 In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, and operational realities shifting irrevocably in the face of a digital revolution. And companies better fasten their seat belts as those rapid changes are likely to continue and even accelerate this year, a study ...

Rio Tinto digs deeper into Mongolia

MINEX Forum | January 29, 2018
img0 Global miner Rio Tinto will set up a new office in the Mongolian capital, separate from its giant Oyu Tolgoi project, to focus on exploration and local ties, strengthening its commitment to one of the world’s greatest copper prospects. Mongolia’s proximity to neighbouring China, the world’s biggest copper consumer, has attracted interest from international prospectors ...

Russian company shells out billions for Arctic environment projects

MINEX Forum | January 29, 2018
img0 The first project was implemented under a cooperation agreement between Nornickel and the Murmansk regional government The Kola Mining and Metallurgical Company (Kola MMC, a part of Nornickel) invested in environmental projects in the Murmansk Region 4 billion rubles ($71 million), Nornickel’s Vice President Elena Bezdenezhnykh said on Friday. “The company has implemented a project ...

Turkmen president appoints director of Garlyk Mining and Processing Plant

MINEX Forum | January 29, 2018
img0 Turkmen President Gurbanguly Berdimuhamedov by his order has appointed Muhammetmyrat Aydogdyev as director general of the Garlyk Mining and Processing Plant in Turkmenistan. Prior to this, Muhammetmyrat Aydogdyev was in charge of the industrial sector of the economy as a deputy prime minister. The Garlyk Mining and Processing Plant, the Central Asia’s largest industrial complex ...