KAZ Minerals appointes a new Chief Financial Officer and an Independent Non-Executive Director

MINEX FORUM | September 11, 2017
img0 Further to the announcement on 27 April 2017 of Simon Heale’s retirement as Chairman, Oleg Novachuk’s appointment as Chair, Andrew Southam’s appointment as Chief Executive Officer and Michael Lynch-Bell’s appointment as Deputy Chair, all effective from 1 January 2018, KAZ Minerals announces the appointment of a new Chief Financial Officer and an Independent Non-Executive Director. ...

Tethyan Resources goes out from AIM

MINEX FORUM | September 11, 2017
img0 Tethyan Resources PLC reports that its ordinary shares commenced trading on the TSX Venture Exchange (“TSXV”) on September 6, 2017. Consequently the board of directors of Tethyan has resolved to proceed with the following, subject to shareholder approval by at least 75% of those who vote, in accordance with AIM Rule 41. Proposed Delisting from AIM Following its admission to ...

Centerra commented discussions with the Kyrgyz Government

MINEX FORUM | September 8, 2017
img0 Centerra Gold Inc. (TSX: CG) commented ongoing discussions between the Company and the Government of the Kyrgyz Republic (the “Government”) in relation to the Company’s Kumtor Project. The Company is aware of press reports in the Kyrgyz Republic today describing statements made by the Government to a Parliamentary committee, which included terms of a proposed settlement between the ...

Metso to split mineral services into two units

MINEX FORUM | August 21, 2017
img0 Finland-based supplier Metso announced Friday its decision to split its mineral services business area, which focus on the aggregates industry, as well as mining and recycling customers, into two separate units: Minerals Services and Minerals Consumables, said mining.com. The changes, which will come into effect at the start of 2018, imply that the new Minerals Services business ...

Polyus increased production forecast

MINEX FORUM | August 11, 2017
img0 PJSC Polyus («Polyus» or the «Company»), the largest gold producer in Russia, today releases its 2Q 2017 and 1H 2017 Operating results for the period ending 30th June 2017. 1H 2017 Highlights Total gold output increased 12% y-o-y to 938 koz driven by higher production volumes at Olimpiada and Verninskoye Volumes of ore mined increased 29% y-o-y to 17,8 mt as a result of mining volumes growth at Olimpiada, Kuranakh and commencement of full-scale mining ...

Conroy Gold and Natural Resources removed six directors

MINEX FORUM | August 7, 2017
img0 Six directors of Aim- and ESM-listed Conroy Gold and Natural Resources were removed at a general meeting on Friday and the minority shareholder who called the vote now wants the remaining three to be removed too, miningweekly.com notes. Conroy Gold, which explores in Ireland and Finland, reported on Monday that Patrick O’Sullivan was successful in his quest to have six board members removed, but that ...

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 ...