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Alhambra subsidiary declared bankrupt

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...

Oyu Tolgoi financing deal welcomed

The signing of a landmark US$4.4 billion project financing agreement for the Oyu Tolgoi underground mine is a global vote of confidence in Mongolia...

Upgrade for PNG mining plant

CRATER Gold Mining expects to be operating at full mining capacity at its High Grade Zone (HGZ) project in Papua New Guinea by the...

Chinese funds for Pakistan power plant

China has approved an investment of US$1.2 billion in mining of a section of the Thar Coalfield in Pakistan and the establishment of a...

Diamond miners likely to cut prices further in 2016 to lift demand — Moody’s

Despite current conditions, the diamond sector’s long-term fundamentals remain solid, says Moody's. Diamond miners will remain under pressure over the next 12-18 months as...

Codelco eyes $600 million in savings, more job cuts in 2016 as copper in the pits

Codelco’s Chuquicamata is the world's largest open pit copper mine. The world's biggest copper miner, Chile’s Codelco, will continue reining in costs next year...

There is no Nazi gold train after all — Polish scientists

There is no Nazi gold train after all — Polish scientistsPiotr Koper and Andreas Liechter presented this image as evidence of the Nazi gold...

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