Nordgold reports lower Q1 production, Gross mine construction on track

MINEX Forum | May 24, 2018
img0 Aim-listed gold miner Nordgold produced 225 100 gold-equivalent ounces in the first quarter of this year – a 6% year-on-year and 10% quarter-on-quarter decrease. Revenue increased by 2% year-on-year to $300-million for the period, as a result of of the higher average realised goldprice, but decreased by 6% quarter-on-quarter, owing to lower sales volumes. Nordgold’s ...

Former Petropavlovsk CEO hopes to return after shareholder shake-up

MINEX Forum | May 21, 2018
img0 Pavel Maslovskiy, one of the founders of Petropavlovsk, hopes to return as CEO later this year in the latest twist in a long-running battle for control at the Russian gold miner. Maslovskiy stepped down last year after a shareholder revolt ousted another co-founder, British businessman Peter Hambro. But the company’s shareholder base has since changed ...

Aspire Mining coking coal production ambitions boosted by Russia-Mongolia talks

MINEX Forum | May 21, 2018
img0 Coal explorer and aspiring coking coal producer Aspire Mining (ASX: AKM) has received an indirect boost as a result of macroeconomic developments within its operational area in northern Mongolia. The developer of a key railway connection that’s crucial to Aspire’s chances of production success in Mongolia, Northern Railways LLC, hosted a senior delegation from Russia’s ...

LBMA suspends Russian precious metals refinery from ‘good delivery’ lists

MINEX Forum | May 17, 2018
img0 The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to “ownership related issues”. The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United ...