The potential buyers of Orsu Metals Corporation’s Akdjol-Tokhtazan project in the Kyrgyz Republic have not exercised their option to purchase the project before the deadline of December 31. Consequently, the agreement has lapsed and ongoing discussions between the company...
CIMIC Group’s global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue...
Dozens are missing and feared dead after a landslide struck a remote jade mining region in northern Myanmar on December 25. It was the second such incident to hit the country's jade industry in five weeks. The landslide occurred...
Nautilus Minerals has signed a new agreement with Tongling Nonferrous Metals Group for the sale of product extracted from the company’s Solwara 1 deposit in the Bismarck Sea of Papua New Guinea, with first delivery expected in the first...
OceanaGold recently received the prestigious Philippines 2015 Presidential Mining Industry Environmental Award (PMIEA) for the Surface Mining Operation Category. The award was presented during the 62nd Annual National Mine Safety Conference held recently in Baguio City. OceanaGold’s Didipio project...
Turquoise Hill Resources announces that Oyu Tolgoi LLC has signed a US$4.4 billion project finance facility, one of the mining industry’s largest, to enable development of the Oyu Tolgoi (OT) underground project in Mongolia to resume. The facility is...
On December 7 the Specialised Interdistrict Economic Court of the Akmola Oblast in Kazakhstan ordered that Alhambra Resources’ wholly-owned Kazakhstan subsidiary Saga Creek Gold Company JV LLP be declared bankrupt. As a matter of Kazakh law, the Bankruptcy Order...
