Ukraine approves 26 large enterprises for privatization in 2018

MINEX Forum | May 12, 2018
img0 The Ukrainian government has approved a list of large enterprises for privatization in 2018. It includes 26 enterprises: five regional electricity supply companies, Centrenergo, Odesa Port-Side Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining-Chemical Company and Sumykhimprom. “We are selling them to make investments and enterprises work efficiently. We need to attract qualified advisers ...

A withhold up in Mongolia?

MINEX Forum | April 10, 2018
img0 Summary Governments of mining countries are vulnerable to investors using double tax agreements (DTAs) as a means of avoiding paying taxes. DTAs are bilateral, or multilateral agreements between countries that set out which country has the right to collect tax on different types of income. Interest expense on foreign loans is one such source of ...

Eldorado Gold confirms Positive Arbitration Ruling

MINEX Forum | April 4, 2018
img0 Eldorado Gold Corporation (“Eldorado” or the “Company”) confirms that the Arbitration Panel (the “Panel”) in Greece has issued its ruling with respect to the arbitration initiated by the Greek State (the “Greek State”), (see the Company’s press release dated September 14, 2017). The Panel’s ruling rejects the Greek State’s motion that the technical study for ...

Stans Energy Secures Litigation Funding Arrangement

MINEX Forum | April 3, 2018
img0 Stans Energy Corp. has secured third-party funding to continue pursuing its $210 million claim over the Kyrgyz Republic’s termination of licenses to mine rare earth minerals, the Canadian resource development company said on Monday. Stans did not identify the funder in its announcement, saying only that the unnamed entity had agreed to extend incremental funding ...

Macedonia terminates concession agreement for Kazandol mining project

MINEX Forum | March 30, 2018
img0 The Macedonian government decided on March 27 to annul the agreement on the construction of Kazandol mining complex in the south of the country, after environmental concerns were raised. Sardich MC, a company set up with British and Ukrainian capital, signed a concession deal with the Macedonian authorities on the exploration of copper, gold and ...

Trump exempts allies including UK and EU from China-targeted trade barriers

MINEX Forum | March 28, 2018
img0 President Donald Trump has decided to exempt the EU – which includes Britain – and other allies from the recently announced steel and aluminium tariffs, a senior official has revealed. US trade representative Robert Lighthizer told politicians on Capitol Hill that the EU, along with Argentina, Australia, Brazil and South Korea, would not be subject ...

Merkel, Xi agree to work on steel overcapacity within G20

MINEX FORUM | March 19, 2018
img0 German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel’s spokesman said. In a telephone discussion, the two newly reelected leaders emphasised close ties between the two countries, both facing planned ...

More countries want to be exempt from Trump’s tariffs

MINEX FORUM | March 9, 2018
img0 European Trade Commissioner Cecilia Malmstrom in Stockholm. Photo by GFMD/Mikael Sjöberg. Taken from Malmstrom’s Facebook page. As U.S. President Donald Trump signed proclamations Thursday imposing 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada, other nations have expressed their desire to join the ...