Metinvest secured trade finance facility with Islamic bank in Europe

MINEX Forum | January 9, 2018
img0 Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), has announced that Spartan UK, its re-rolling plant based in Newcastle, UK, has secured a revolving GBP15 million commodity trade finance facility. The facility was arranged with the Bank of London and ...

Gold mining: the world’s cheapest jurisdictions

MINEX Forum | December 19, 2017
img0 Abandoned Russian mining colony in Pyramiden. Creative commons image by Christopher Michel, @ChrisMichel. Story developed using data from Mining Intelligence.  When it comes to the selection of investment targets which factors are uppermost in the minds of potential investors? Naturally, the top consideration is the overall quality of the asset where the right combination of cost-efficient ...

Venus Garden Holdings is planning investment in the West Kytlim gold and platinum mine in Russia

MINEX Forum | November 20, 2017
img0 Eurasia Mining plc (LON:EUA) said Venus Garden Holdings Limited (VGH) is planning a direct equity investment in the West Kytlim gold and platinum mine in Russia. VGH – owned by Alexei Churakov, who has held positions at Goldman Sachs and Morgan Stanley – has subscribed £76,336 for 27,262,814 new ordinary shares of 0.1p each in the share capital of the ...

China Development Bank offers to finance construction of transport corridors in Far East Russia

MINEX FORUM | November 7, 2017
img0 Image: morvesti.ru China Development Bank has offered to finance construction of two key transport corridors in Far East Russia to make exports quicker and easier. The state lender proposed financing development of the Primorye-1 and Primorye-2 routes, which connect China’s northwest provinces with Far East Russian ports, during negotiations between China Railway Group Ltd. and the ...