Month: May 2018

Mongolia listing boosts investors confidence in Erdene Resource

Shares in Canada’s Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia’s ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing...

/ May 31, 2018

Kyrgyz Republic former PM who signed deal with Centerra charged with corruption

Kyrgyz Republic former Prime Minister Sapar Isakov, who last year signed a deal with Centerra Gold ending long-dragged disputes, has now been charged with corruption over a power plant project. According to the State Committee for National Security, or GKNB,...

/ May 31, 2018

Top gold stock shows cash obsession is what investors want

By James Attwood (Bloomberg) — The fact that Cia. de Minas Buenaventura SAA is beating rivals in the stock market at a time it’s generating the most cash in seven years says something about what investors are looking for in...

/ May 31, 2018

Canada's Bear Creek prepares IPO in Peru to finance silver mine

LIMA, May 30 (Reuters) – Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company’s chief financial officer...

/ May 31, 2018

Ghana gold miners say welcome new government export tests

By Kwasi Kpodo ACCRA, May 30 (Reuters) – Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The...

/ May 31, 2018

Miners threaten Congo with legal action over mining code

Stock image By Aaron Ross DAKAR, May 30 (Reuters) – International mining companies operating in Democratic Republic of Congo will resort to legal action if their concerns over a new mining code signed into law in March are not addressed,...

/ May 31, 2018

Electric vehicles on the road to triple by 2020 — IEA

The number of electric vehicles (EVs) on roads worldwide is set to more than triple by the end of the decade, growing to 13 million from 3.7 million last year, the International Energy Agency (IEA) said Wednesday. According to Paris-based...

/ May 30, 2018

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

South Africa’s Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer’s chief executive told Reuters late on Tuesday. Gold Fields’ finances might be...

/ May 30, 2018

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to centre on productivity and profitability, rather than a most needed focus on innovation, a new study shows. According to Ernst & Young’s Digital Mining report,...

/ May 30, 2018

Petropavlovsk asks UK regulators to investigate activist shareholders

LONDON, May 29 (Reuters) – Russian gold miner Petropavlovsk has asked British regulators to investigate the identity of shareholders pressing for an overhaul of the board only a year after a previous revolt forced change, sources close to the company...

/ May 30, 2018

Mountain Province finds 95-carat diamond in Canada’s far north

Mountain Province Diamonds (TSX, NASDAQ: MPVD) said Wednesday it had found a 95-carat gem diamond at its Gahcho Kué mine located in Canada’s Northwest Territories. It’s the largest gem quality diamond and the fourth biggest recovered from Gahcho Kué since production...

/ May 30, 2018

The case for investing in platinum

Source: Maurice Jackson for Streetwise Reports   05/29/2018 Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals. Maurice Jackson: Joining us today is Jamie...

/ May 30, 2018