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 ...

Labour Party to protect both coal and renewable industries

MINEX FORUM | September 25, 2017
img0 Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries. The Labour Party leader said a future Labour government would invest in former mining areas blighted by poverty, while also spending to promote renewable energy, said mining.com. “It’s about ...

Resource nationalism has reached Greece

MINEX FORUM | September 15, 2017
img0 Canadian miner Eldorado Gold’s threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries, said miningweekly.com. After moving into higher-risk countries in recent years to mine new deposits, companies are being forced to seek safe havens during a rise in so-called ...