EIA predicts the future growth in non-OECD Asia

MINEX FORUM | September 19, 2017
img0 Based on projections in US Energy Information Administration’s (EIA) International Energy Outlook 2017 (IEO2017), much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia). Although China and India account for most of the region’s energy consumption, EIA projects broad ...

Intergovernmental Commission discussed the current situation in the Kazakhstan mining industry

Anastasia Emelianova | September 13, 2017
img0 Kazakhstan Intergovernmental Commission (IGC) meeting hosted by Norton Rose Fulbright LLP took place on 12 September 2017. This meeting aimed to assess the progress of the Mining Code development and implementation, look into current situation in the Kazakh Mining industry and discuss opportunities and barriers for development. The next IGC meeting will occur 4-5 December in London. ...

Centerra Gold entered into a strategic agreement with Kyrgyz government

MINEX FORUM | September 12, 2017
img0 Centerra Gold Inc. (TSX: CG) announces that the Company and its Kyrgyz subsidiaries (Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”)) have entered into a comprehensive settlement agreement (the “Strategic Agreement”) with the Government of the Kyrgyz Republic (the “Government”) on behalf of the Kyrgyz Republic. Highlights of the Strategic Agreement Full and final reciprocal releases ...

KAZ Minerals appointes a new Chief Financial Officer and an Independent Non-Executive Director

MINEX FORUM | September 11, 2017
img0 Further to the announcement on 27 April 2017 of Simon Heale’s retirement as Chairman, Oleg Novachuk’s appointment as Chair, Andrew Southam’s appointment as Chief Executive Officer and Michael Lynch-Bell’s appointment as Deputy Chair, all effective from 1 January 2018, KAZ Minerals announces the appointment of a new Chief Financial Officer and an Independent Non-Executive Director. ...

Centerra commented discussions with the Kyrgyz Government

MINEX FORUM | September 8, 2017
img0 Centerra Gold Inc. (TSX: CG) commented ongoing discussions between the Company and the Government of the Kyrgyz Republic (the “Government”) in relation to the Company’s Kumtor Project. The Company is aware of press reports in the Kyrgyz Republic today describing statements made by the Government to a Parliamentary committee, which included terms of a proposed settlement between the ...

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)* ...

US’ states transform their energy strategy. New volumes of critical metals can be required

MINEX FORUM | August 25, 2017
img0 Image: frankgayservices.com In another sign that the age of fossil fuels is waning, the California State Senate has passed a bill to commit the state to use 100 percent renewable energy for power by 2045. Other states and cities — including Massachusetts, Chicago and Atlanta — intend to make similar switches. Proponents highlight a bevy of ...