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 ...

World Cold Council issues gold back ETF analysis

MINEX FORUM | September 6, 2017
img0 World Gold Council issued monthly analysis of gold-backed ETFs and similar products with detailed information and insight on global trends of gold investment demand through ETFs. Regional fund flows North American ETFs drove global inflows in August as investors added 27.8 tonnes ($1.3bn, 2.6% AUM) Flows in Europe were mixed with a net increase of 6.4t ...

Copper mine production decreased by 3% during the first five months of 2017

MINEX FORUM | August 21, 2017
img0 Global copper mine output was 3% lower year-on-year during the first five months of 2017, according to the latest data from the International Copper Study Group (ICSG). Concentrate production declined by around 2.5% and solvent extraction-electrowinning (SX-EW) declined by around 4.5%? said miningweekly.com. The Lisbon-based think tank attributed the decline in world mine production mainly to a 10%, or 220 000 ...

Electric vehicles to drive copper demand

MINEX FORUM | June 13, 2017
img0 The growing market for electric vehicles (EVs) will significantly impact demand for copper over the next decade, said mining.com with reference to new research commissioned by the International Copper Association(ICA). The study—Copper Intensity in the Electrification of Transport and the Integration of Energy Storage—was conducted by IDTechEx and provides new insight into copper’s essential role ...

Glencore refinances its revolving credit facility

MINEX FORUM | May 3, 2017
img0 Glencore plc announced the signing of a new short-term revolving credit facility (the “Facility”). The Facility was initially launched at USD 5 billion and closed substantially oversubscribed, raising USD 8.55 billion, due to strong support from Glencore’s broad group of relationship banks. Reflecting the low average utilisation of our combined Short and Medium Term Facilities, ...

Sharing Critical Control Measures #2 Independent Experts, Black Hats and Sharing Learnings

Brad Ross | April 3, 2017
img0 In this second article of my series of Sharing Critical Control Measures, I discuss the importance of three critical control measures to help prevent unexpected “Black Swan” events, including using independent experts, challenging the basic assumptions of experts (wearing a “black hat) and sharing learnings to prevent similar events. At 144 million tons, the Manefay Landslide ...