Mongolian anti-corruption authorities detain two ex-prime ministers in mining probe

MINEX Forum | April 13, 2018
img0 Former Mongolian prime ministers Saikhanbileg Chimed and Sanjaagiin Bayar were both detained on April 11 by the country’s anti-graft authorities as part of an investigation into allegations of corrupt mining payments. The probe concerns Mongolia’s flagship Oyu Tolgoi copper and gold mine, located in the Gobi desert. Over the weekend former finance minister Bayartsogt Sangajav ...

Russia to stop exporting titanium to Boeing in counter-sanctions against US – draft law

MINEX Forum | April 13, 2018
img0 Russia’s Federation Council is looking to adopt counter-sanctions against the US, under which the country may ban exports of titanium components to aircraft giant Boeing, according to Russian Senator Sergey Ryabukhin. “Among the rare earth metals that Russia supplies to the United States is titanium, which is necessary for the technological cycle of production of ...

Atalaya Mining Reports Second Best Quarter

MINEX Forum | April 13, 2018
img0 Atalaya reported copper production at its Proyecto Riotinto in southwest Spain of 9,441 tonnes during Q1 2018, the second best quarterly production in the company’s history and up from 8,805 tonnes in the year earlier quarter. Production was up quarter-over-quarter too, from 8,622 tonnes in Q4 2017. Management attributed the strong quarter to a record ...