Mongolia, Kazakhstan to set up gold refining plant

MINEX Forum | April 3, 2018
img0 Mongolia and Kazakhstan agreed on setting up a gold refinery plant during the 7th Mongolia-Kazakhstan Intergovernmental Commission’s meeting, Mongolian Minister of Mining and Heavy Industry D.Sumiyabazar said. Minister Sumiyabazar met Deputy Minister for Investments and Development of Kazakhstan Arystan Kabikenov on March 30. At the meeting they established a memorandum of cooperation in fields of ...

Alrosa selects top projects for resuming production at Mir

MINEX Forum | April 3, 2018
img0 Out of the 33 entries in the competition that Russian diamond miner Alrosa launched to find a technical solution for resuming miningoperations at the Mir deposit, three projects have been awarded the second and third places, but no outright winner was named. The second place was taken by two projects, one of which was presented by employees of Alrosa and the other by the Yakutniproalmaz Institute. ...

Stans Energy Secures Litigation Funding Arrangement

MINEX Forum | April 3, 2018
img0 Stans Energy Corp. has secured third-party funding to continue pursuing its $210 million claim over the Kyrgyz Republic’s termination of licenses to mine rare earth minerals, the Canadian resource development company said on Monday. Stans did not identify the funder in its announcement, saying only that the unnamed entity had agreed to extend incremental funding ...

Silver Bear Announces Operational Update

MINEX Forum | April 3, 2018
img0 Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR), announces the filing of its financial results for the year ended December 31, 2017, including development highlights from its Mangazeisky silver project in Far East Russia. For complete details of the audited Consolidated Financial Statements and associated Management’s Discussion and Analysis please refer to ...

Russia and China share a common interest in global commodity trading

MINEX Forum | April 3, 2018
img0 Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It’s a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world’s most important commodity in a liquid market without using U.S. dollars. The “petro dollar” now ...