Petropavlovsk to construct POX plant in a two years

MINEX FORUM | March 16, 2017
img0 Petropavlovsk PLC updated the information regarding development on the Pressure Oxidation Hub (“POX Hub”). Full scale POX Hub project development from January 2017 following the refinancing of US$430m bank debt. Construction of the POX Hub is 65% complete and construction of the Malomir flotation plant (Stage 1) is 90% complete (as at 28 February 2017). Commissioning of ...

Aurion Resources to aсquire land package in Northen Sweeden

MINEX FORUM | March 15, 2017
img0 Gungnir Resources Inc. reports that Aurion Resources has submitted permit applications to acquire a sizeable land package adjacent to Gungnir’s (5,784 ha) Knaften gold property in northern Sweden. Jari Paakki, CEO of Gungnir comments, “Obviously we have assembled a premier property package that has sparked substantial interest by a fellow Nordic explorer hoping to find ...

Barrick returns to Russia

MINEX FORUM | March 10, 2017
img0 The Canadian Barrick Gold is considering resuming the development of Fedorova Tundra, the company’s last asset in Russia and one of Russia’s largest platinoid fields, investorintel.com reported. So far, Barrick Gold has held a license for the development of the field through Fedorovo Resources, its local subsidiary, and has appealed to the Russian government with a ...

Uzbekugol will present new projects to foreign investors

MINEX FORUM | March 2, 2017
img0 The planned adoption of the new Resolution of the President of the Republic of Uzbekistan “On the development and modernization of the coal industry in 2017-2021” is nearing its final stages. The draft of the document is already submitted for approval. The document outlines the proposed implementation of coalmine investment projects “Angren” and “Nishbash”. During the construction ...

Plans for modernization of the Uzbekistan’s coal industry in 2017-2021

MINEX FORUM | February 27, 2017
img0 The planned adoption of the new Resolution of the President of the Republic of Uzbekistan “On the development and modernization of the coal industry in 2017-2021” is nearing its final stages. The draft of the document is already submitted for approval. The document outlines the proposed implementation of coalmine investment projects “Angren” and “Nishbash” During ...

Uzbekistan’s reforms to tackle previously existing challenges in the mining sector

Artpol6 | January 26, 2017
img0 After 25 years of authoritarian rule, elected on 6 December 2017 the new President of Uzbekistan is launching reforms to address pressing economic and social issues. The creation of free conversation of the national currency is the cornerstone of the reform. President’s Mirziyoyev’s aspirations to open up the country to the international markets has caught ...

Australian gold­miners renew interest in Mongolia

MINEX FORUM | December 29, 2016
img0 Australian gold producers are among a host of mining companies that have taken a close look at Mongolian explorer Xanadu Mines in recent weeks, with a shortage of new discoveries, improving appetite for acquisitions and recent policy stability in Mongolia putting the nation’s stalled mining industry back on track.  Xanadu’s Ulaanbaatar-based managing director Andrew Stewart ...