Gabriel Resources is planning to sue the Romania’s government for $4,4 billion

MINEX FORUM | June 30, 2017
img0 Image: euractiv.com Canada’s Gabriel Resources (TSX:GBU) is suing Romania for $4.4 billion in alleged losses over its long-stalled Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests, noted mining.com. The London, England-based miner said the suit would be filed Friday with a World Bank Tribunal. In the claim, ...

Petropavlovsk should reject a plan to overhaul the board

MINEX FORUM | June 12, 2017
img0 Image: telegraph.co.uk Investors in London-listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company’s annual general meeting next week, miningweekly.com reported with reference to the leading shareholder voting advisor ISS. Three top shareholders, who together hold more than 30% of the company, have put forward resolutions aimed at replacing Petropavlovsk ...

Executives from the Finnish Talvivara get suspended sentences for having unrealistic outlooks

MINEX FORUM | June 5, 2017
img0 Image: yle.fi The founder and CEO of troubled Finnish miner Talvivaara was handed a suspended eight month sentence on Friday after a court ruled the company gave investors unrealistic forecasts for nickel production, miningweekly.com noted. The Helsinki district court said the company and CEO Pekka Pera gave investors nickel production forecasts in 2012 and 2013, ...

Atalaya Mining achieved positive cash flows from operating activities in the first quarter

MINEX FORUM | May 26, 2017
img0 Atalaya Mining Plc announced the unaudited management’s review and condensed interim consolidated financial statements 31 march 2017. Atalaya maintains its copper production guidance of 34,000 to 40,000 tonnes for 2017.  Copper production during Q1 2017 was 8,805 tonnes in concentrate, maintaining similar production levels of the previous quarter (Q4 2016: 8,938 tonnes). Q1 2016 copper in ...

Glencore appointed Martin Gilbert as an Independent Non-Executive Director

MINEX FORUM | May 5, 2017
img0 Image: ft.com The Board of Glencore plc announces the appointment of Martin Gilbert as an Independent Non-Executive Director of the Company with immediate effect. Martin Gilbert is a co-founder and Chief Executive of Aberdeen Asset Management PLC, the holding company of the fund management group that was established in 1983. Mr. Gilbert was appointed Chairman of ...

Poland takes measure deep-sea mining

MINEX FORUM | March 6, 2017
img0   Image: austmine.com.au Poland has a sort of submarine plot located 500 miles southeast of Hawaii toward Mexico. It may start deep-sea mining in the Pacific ocean. It has an area of 75,000 km2, which roughly equates to one quarter of Poland’s surface, thenews.pl reported. A Polish-based consortium has received permits from the International Seabed Authority ...