OceanaGold to restart Didipio mine earlier than expected
It expects to have 65% of the total workforce in place by the end of September and about 90% by the end of the year.
Asia
UPDATE: Centerra says 40 metres of water at Kumtor pit threatens workers, environment
Centerra Gold (TSX: CG) says there is at least 40 meters of water at the bottom of its seized Kumtor gold mine in Kyrgyzstan and “abnormally” large amounts running down the pit walls, which could lead to catastrophic…
Centerra units file motion seeking US$1M a day in penalties against Kyrgyzstan government
Two units of Canada’s Centerra Gold (TSX: CG) have filed a motion in a U.S. Bankruptcy Court seeking penalties of US$1 million a day against the Kyrgyzstan government, related to…
Fortescue best positioned to weather industry disruption – report
Fortescue Metals (ASX: FMG) leads in an Australia-heavy Top 10 listing of companies based on leadership in 10 areas that matter the most to the mining sector, GlobalData says in…
Higher metal prices to push exploration budgets up in 2022, says S&P Global
S&P Global Market Intelligence’s pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference….
Rio Tinto, Sumitomo to assess hydrogen plant at Yarwun refinery
They will jointly study the feasibility of a hydrogen pilot plant at Rio’s alumina refinery in Gladstone, Queensland.
Lynas gets extension to build waste plant in Malaysia
Malaysia has provided rare earths producer Lynas Corp (ASX: LYC) with some breathing room for finding a permanent location for a low-level radioactive waste disposal facility for its processing operations on the country’s east coast. The Australian miner, which fought hard to…
Centerra’ financially strong’ three months following Kumtor nationalization
Centerra Gold (TSX: CG) remains “financially strong” with solid performance and a healthy outlook at its other operations three months following the Kyrgyzstan government’s seizure of the Kumtor mine, says…
US bankruptcy court holds Kyrgyz government in contempt over Kumtor seizure
The U.S. Bankruptcy Court for the Southern District of New York has ruled the Kyrgyz government is in contempt of court for continuing its legal actions locally against Canada’s Centerra…
Competition for controlling Li-ion battery production intensifies
A report by Roskill states that the competition for controlling Li-ion batteries production has intensified globally, with continuous announcements made regarding the build-out of new Li-ion battery plants and/or capacity…
TSX Venture down, July 5-9
The S&P/TSX Venture Composite Index dropped 3.09% to finish the trading week at 938.47. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce. Rupert Resources climbed 31¢ to…
Centerra brings additional claims in Kyrgyz-Kumtor arbitration
Canadian miner Centerra Gold (TSX: CG; NYSE: CCAU) has brought additional claims in its binding arbitration against the Kyrgyz Republic government as it fights the “wrongful expropriation” of the cornerstone…