Middle East

ALGOLD RESOURCES LTD. is pleased to announce that the Mauritanian Ministry of Environment and Sustainable Development has provided a conclusive acceptance and opinion regarding the Environmental Feasibility of the Tijirit Gold Mine Project, a key step in Algold's strategy...

Middle East‐based HLG Contracting, in which CIMIC Group has a 45% investment, has been awarded a contract with revenue of AED401 million (A$145 M) for the construction of Al Garhoud Towers by Hasabi Real Estate, one of Dubai’s leading...

OceanaGold has received a five year extension to the exploration period of its Financial and Technical Assistance Agreement (FTAA) at the Didipio Gold Project in northern Luzon, the Philippines.                  ...

Russia’s central bank is now the world’s top gold buyer after adding 356,000 ounces of the precious metals to its reserves in February, data from the International Monetary Fund (IMF) quoted by local paper Vedomosti (in Russian) shows....

The Prime Minister of Fiji, Commodore Voreqe Bainimarama, visited Lion One Metals’ Tuvatu Gold Project on January 27 to commemorate the grant of the Tuvatu mining lease in March 2015. The official handover ceremony as attended by more...

Divisions between the world's major oil producers were laid bare on Tuesday as markets dismissed the prospect of an emergency Opec meeting to cut production levels. Forward contracts for Brent crude fell by as much as 4.5pc to...

India mulls key investment to set iron ore plants in IranSarcheshmeh copper complex, operated by the National Iranian Copper Industries. (Image courtesy of NICICO) State-owned Indian firm KIOCL may invest an initial $59 million to build an iron ore...