Highland Gold’s net profit downs by 30%

MINEX FORUM | September 4, 2017
img0 Image: eruda.ru Highland Gold Mining Limited reports its unaudited financial results and production figures for the half year ended 30 June 2017 (“H1 2017″). FINANCIAL SUMMARY IFRS, US$000 (unless otherwise stated) H1 2017 H1 2016 Gold sold (gold and gold eq. oz) 128,503 127,697 Total Group cash costs (US$/oz)* 509 444 Group all-in sustaining costs (US$/oz)* ...

Accident in Alrosa’s Mir mine: Russia’s Investigative Committee has launched the fact-finding mission

MINEX FORUM | August 9, 2017
img0 Russia’s Investigative Committee has launched a criminal case over the flooding incident in the Alrosa diamond company’s Mir mine, located in the Siberian Republic of Yakutia, a source in the committee’s press service told TASS. “The Investigative Committee has launched a criminal case in accordance with Article 216.1 of the Russian Criminal Code (breach of ...

Greece is about to start an arbitration process over Eldorado GoldCorp’s mine

MINEX FORUM | August 4, 2017
img0 Greece plans to start an arbitration process in August to settle its differences with Canada’s Eldorado GoldCorp. over a gold mine development, miningweekly.com noted with reference to the energyministry statement. Energy Minister George Stathakis met Eldorado’s management in Athens on Wednesday and the two sides discussed the issue, the ministry said in a statement. Eldorado is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine. Skouries has ...

Uranium One postpones is Tanzanian uranium project

MINEX FORUM | July 9, 2017
img0 Russian state nuclear corporation Rosatom suspends Mkuju River uranium project in Tanzania for at least three years due to depressed uranium market. Rosatom, which previously hoped to start construction and mining uranium at Mkuju River project in 2013, 2016 and in 2018 respectively, decided to suspend the development of this project until the demand for uranium is ...