Nordgold’s TCC increased by 11%

MINEX FORUM | May 22, 2017
img0 The gold producer Nord Gold SE (“Nordgold”) announces its unaudited financial and operating results for the first quarter ended 31 March 2017. Refined gold production in Q1 2017 increased to 239.4 thousand gold equivalent ounces (“koz”), up 14% year-on-year (“YoY”) mainly driven by the launch of Bouly in Burkina Faso in September 2016. Average realised ...

Petropavlovsk is about to restart Kuranakh

MINEX FORUM | May 17, 2017
img0 Commodity company IRC (controlled by Petropavlovsk) on Wednesday said it was considering restarting its 1.1-million tonnes a year iron-ore mine in the far east of Russia, the latest sign of revival in a sector shaking a years-long downturn, miningweekly.com noted. “Following the positive price movements in 2017 and the recent stabilisation in the bulk commodity market, ...

Glencore refinances its revolving credit facility

MINEX FORUM | May 3, 2017
img0 Glencore plc announced the signing of a new short-term revolving credit facility (the “Facility”). The Facility was initially launched at USD 5 billion and closed substantially oversubscribed, raising USD 8.55 billion, due to strong support from Glencore’s broad group of relationship banks. Reflecting the low average utilisation of our combined Short and Medium Term Facilities, ...

ALROSA increased sales by 1% in March

MINEX FORUM | April 11, 2017
img0 Image: aadiamonds.co.za PJSC ALROSA, the leader in rough diamond production, has announced rough and polished diamond sales results for March 2017. Rough diamond sales by ALROSA Group in March 2017 amounted to USD 554.2 million. Polished diamond sales for the same period amounted to USD 12.4 million. Total diamond sales in March 2017 amounted to USD 566.6 ...

AREVA and Kazatomprom signed an agreement strengthening their long-standing cooperation

MINEX FORUM | April 10, 2017
img0 Today AREVA and Kazatomprom signed an agreement strengthening their long-standing cooperation in the uranium mining sector in Kazakhstan, said in Kazatomprom’s press release. “This agreement, which meets interests of Kazakhstan and France, opens new opportunities for further development and enhancement of effective operations of their joint-venture Katco, AREVA (51%) and Kazatomprom (49%). It will bring additional value ...

CALM increased copper production by 4,7%

MINEX FORUM | April 6, 2017
img0 Central Asia Metals plc (AIM: CAML) reported a Q1 2017 production update for the Kounrad dump leach, solvent extraction and electro-winning (“SX-EW”) copper recovery plant in Kazakhstan (“Kounrad”).  Kounrad Q1 2017 copper production of 3,357 tonnes is 4.7% higher than that achieved in Q1 2016. Copper sales during Q1 2017 were 2,839 tonnes (+11.3% vs. ...