US Senate Chairman presses nuclear regulators on uranium exports by US firm owned by Russia

MINEX Forum | December 12, 2017
img0 Photo: Republican Senator John Barrasso and President Donald Trump. Photo from Barrasso’s Facebook page. The chairman of the Senate Environment and Public Works Committee, John Barrasso, sent a letter today to the Energy Secretary, Rick Perry, and the Nuclear Regulatory Commission Chairwoman, Kristine Svinicki, informing them that he is expanding a 2010 investigation into the Obama ...

Russia tests Council of Europe in push to regain vote

MINEX Forum | November 24, 2017
img0 Photo: Thorbjorn Jagland: ‘The convention and court has been so important for Russian citizens’ © Reuters Neil Buckley, East Europe Editor, Financial Times Human rights body considers lifting sanctions imposed for 2014 Crimea aggression. The Council of Europe, the leading pro-democracy body in the region, is considering lifting sanctions it imposed over Russia’s aggression in ...

Ukraine bans economic activities of dozens of Russian companies

MINEX FORUM | November 8, 2017
img0 Ukraine’s Economic Development and Trade Ministry has suspended all economic activities of 25 Russian companies, including fertilizer producer EuroChem and several its affiliates, like Nevinnomyssky Azot, in the country, the ministry said in a September 19 ruling published late on Tuesday. The ministry also disclosed two rulings dated October 30, in which it imposed similar ...

Bozymchak mine resumed production after Kyrgyz Republic government-enforced suspension cancelled

MINEX FORUM | November 6, 2017
img0 Just when investors thought it might be safe to enter the Kyrgyz Republic, the volatile government has struck again, this time suspending operations at Kaz Minerals’ (LN:KAZ) Bozymchak copper and gold mine. In a two-paragraph statement, the London-listed company said the government had enforced the stoppage at the openpit mine for a period of three ...

China Nonferrous Gold Limited gets a US$6.5 million loan from its shareholder

MINEX FORUM | September 29, 2017
img0 China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, provides the financial update regardin loan agreement with CNMC. Following the substantial operational issues that have impacted the company as a result of the avalanches and landslides earlier in the year, the ...

VEB loans Mechel $190 million

MINEX FORUM | September 29, 2017
img0 Mechel PAO (MOEX: MTLR; NYSE: MTL) reports about signing agreement with Vnesheconombank on a loan to Elgaugol OOO for a total of up to 190 million US dollars in order to refinance its obligations to Vnesheconombank, said minexforum.com press-service. Vnesheconombank and Elgaugol OOO which is part of Mechel Group’s mining division, signed a loan agreement ...