Auriant Mining corrected deferred tax and increased net profit

MINEX FORUM | March 22, 2017
img0 Image: http://www.auriant.com Auriant Mining AB (publ.) publishes corrected Interim Report for financial year 2016. The changes were made in the deferred tax section for a year 2016. According to the new calculation, Income tax for the period decreased by MSEK 29.596 (US$ 3.481 m) to MSEK -11.860 (US$ -1.355 m). Net profit for the period increased correspondingly ...

Polyus sold Nezhdaninskoye gold deposit to a former managing director of Highland Gold Mining

MINEX FORUM | March 22, 2017
img0 Image: http://rabota.polyusgold.com The gold producer PJSC Polyus (MOEX — PLZL) announced that a 100% subsidiary of the Company, JSC Polyus, has signed an agreement for the sale of its 82.34% stake in a joint venture entity with Polymetal holding 100% of JSC South-Verkhoyansk Mining Company (“SVMC”). SVMC holds the mining and exploration license for the Nezhdaninskoye gold deposit in Yakutia, Russia. The stake will be sold ...

Polish Debiensko scoping study assumes a good potential for the project to be mined

MINEX FORUM | March 20, 2017
img0 Image: boell.de A scoping study for Prairie Mining’s fully permitted Debiensko mine has highlighted technical viability and robust economics for it to potentially be a large-scale, low-cost and long-life premium hard coking coal supplier. The scoping study indicated cash costs of approximately US$47 per tonne (steady state average) potentially positions Debiensko as by far amongst the ...

Greenland Minerals and Energy has commenced the technical cooperative program

MINEX FORUM | March 17, 2017
img0 Image: http://gme.gl Greenland Minerals and Energy (ASX:GGG) has commenced the technical cooperative program with its strategic partner and 12.5% shareholder, Shenghe Resources Holding Co Ltd (SHA:600392), said proactiveinvestors.com.au. A joint technical committee has been established to oversee the programs to further enhance and optimise the company’s flagship Kvanefjeld Project in Greenland. The technical committee recently met ...

Glencore lifts head

MINEX FORUM | February 24, 2017
img0 Commodities trader and miner Glencore (GLEN.L) reported an 18 percent rise in 2016 profit on Thursday, buoyed by a rebound in raw material prices, and said it had never been better-placed financially, signalling a readiness for small purchases or a special dividend payout, finance.yahoo.com reported. Glencore’s earnings before interest, tax, depreciation and amortisation (EBITDA) were ...