Asia


Silvercorp short-seller calls BCSC allegations false

Vancouver hedge-fund executive and owner of the Alfred Little financial blog, Jon Richard Carnes, has lashed out at the British Columbia Securities Commission after it accused him of fraud, calling the allegations “false and without…




A truck hauling ore at Turquoise Hill's Oyu Tolgoi copper-gold project in Mongolia. Credit: Turquoise Hill Resources

Delays force Turquoise Hill into $2.4B rights offering

VANCOUVER — Unresolved ownership issues mean Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government will have to spend more time at the negotiating table before resuming underground expansion at the Oyu Tolgoi…



Trucks used to haul ore from the Ying mine to the mill. Credit: Silvercorp Metals

Silvercorp struggles with operational issues at Ying

VANCOUVER — It was a tough quarter for China-focused producer Silvercorp Metals (TSX: SVM) as the company grappled with staffing and cost issues at its flagship Ying silver mining district in the central province of Henan. The company…


In Mongolia, core stacked at Kincora Copper's Bronze Fox copper project, which is still in good standing. Credit: Kincora Copper

Mongolian gov’t rescinds 106 exploration licences

Criminal legal proceedings against former government officials in Mongolia have resulted in the cancellation of 106 mineral-exploration licences in the country. Investigating the former government officials accused of corruption has brought…


Rio Tinto to stay in the diamond business

Rio Tinto (RIO-N, RIO-L) announced in June that it will hang onto its diamond assets after all, concluding a strategic review of the business that the miner began in March…


Mining equipment  at Turquoise Hill's  Oyu Tolgoi copper-gold mine in Mongolia. Source: Turquoise Hill Resources

Mongolia confounds investors

The mining sector makes up 20% of Mongolia’s gross domestic product (GDP), 40% of its budget income, 85% of its investment and 90% of its exports, but the uncertainty that permeates everything from the security of mineral tenure and…


Cartoon by JK.

PwC gold study charts new ground

A study on the direct economic impact of gold — commissioned by the World Gold Council — gathers, for the first time, all the evidence of the precious metal’s economic and fiscal contribution, author PricewaterhouseCoopers…


Boart Longyear CEO Richard O'Brien.

Boart Longyear weathers downturn

When Richard O’Brien left his post as CEO of Newmont Mining (NYSE: NEM; TSX: NMC) in December 2012, after five years in the job and seven at the company, he wasn’t ready to “hang up his pick” just yet.


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