Turkey unveils fresh incentives to boost investment

MINEX Forum | April 12, 2018
img0 ANKARA President Recep Tayyip Erdogan announced Monday a new set of economic incentives to encourage more investment in the country. “The system will provide incentives to firms in several areas including health, defense, automotive, and mining and metal sectors,” Erdogan told a meeting in the capital Ankara. He said the new set of incentives worth 135 ...

Rothschild pitches idea of pre-IPO sales for Kazakh privatisations

MINEX Forum | March 28, 2018
img0 Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ...

Has Kazakhstan Potash Corporation Limited (ASX:KPC) Improved Earnings Growth In Recent Times?

MINEX FORUM | March 21, 2018
img0 Understanding how Kazakhstan Potash Corporation Limited (ASX:KPC) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense check to gain perspective on how Kazakhstan Potash is doing by comparing its latest earnings with its long-term trend as well as the performance of ...

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

MINEX FORUM | March 20, 2018
img0 Photo: Anti-graft authorities in Mongolia are investigating the country’s 2009 investment pact with Rio Tinto that kickstarted the company’s Oyu Tolgoi copper-gold project. (Image courtesy of Oyu Tolgoi LLC) Switzerland’s highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who ...

Russian-Zimbabwean firm to invest $400m in Zimbabwe platinum

MINEX FORUM | March 15, 2018
img0 Great Dyke Investments (GDI) said on Thursday it would invest around $400-million to build a precious metals mine and smelter in Zimbabwe, as the country opens up to international business. The joint venture between Russia’s Afromet and Zimbabwe’s Pen East expects to produce up to 855 000 oz (27 t) of platinum group metals and gold per year from the Darwendale PGM project. Its deposit, ...

Tariffs should be part of U.S. trade policy, Trump foe Warren says

MINEX FORUM | March 12, 2018
img0 Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTERS/Yuri Gripas Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on ...

Nevsun narrows Q4 loss on impairment reversal

MINEX FORUM | March 5, 2018
img0 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on the sustained successful recovery of zinc from zinc-only stockpiles in the third ...

New Nornickel JV targets up to 100 t/y of PGMs

MINEX FORUM | February 7, 2018
img0 Palladium and nickel miner Norilsk Nickel(Nornickel) has entered into a strategic partnership agreement with Russian Platinum, in terms of which the companies will establish a joint venture (JV) to develop disseminated ore deposits in the Norilsk industrial district. The 50:50 JV aims to be one of the world’s largest producers of platinum-group metals (PGMs) with a target production of 70 t/y ...