Nautilus soars on arbitration award
The verdict has arrived much to the joy of investors.
Asia
Centerra’s compromise on Kumtor lifts political overhang
Facing penalties of US$467 million for alleged environmental damages at its Kumtor mine in Kyrgyzstan and a state commission report issued last year that concluded Centerra Gold (TSX: CG; US-OTC: CAGDF) should pay more to operate the mine, the…
Western phosphate producers look east for growth
AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…
PNG Gold hits high grade
VANCOUVER — Every time drills probe the main Imwauna vein system at PNG Gold’s (TSXV: PGK; US-OTC: ISRJF) Normanby project in Papua New Guinea, they return high-grade gold from a steeply dipping structure that is narrow but easy to…
Positive economics for Mindoro’s Agata nickel laterite project
Mindoro Resources (TSXV: MIO; ASX: MDO) and TVI Pacific (TSX: TVI; US-OTC: TVIPF) have something to smile about, as a feasibility study on their Agata nickel laterite project in the Philippines has returned encouraging results for a high-iron…
Strong economics for the Agata DSO project
Mindoro Resources (TSXV: MIO; ASX: MDO) and TVI Pacific (TSX: TVI) have something to be happy about after a feasibility study on their Agata nickel-laterite project in the Philippines returned encouraging results for a high-iron laterite direct…
Chinese coal producer makes move on Australia’s Inova Resources
Shanxi Donghui — a privately held coal and chemical producer founded by two wealthy Chinese brothers based in China’s Shanxi province — has launched a US$145-million, all-cash takeover bid for Inova Resources (TSX: IVA; ASX:…
Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Turquoise Hill posts Q2, updates Oyu Tolgoi
Speaking on a conference call in mid-August from Ulaanbaatar, CEO Kay Priestly of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) confirmed that development of the Oyu Tolgoi underground copper-gold mine was being delayed until matters including…
OceanaGold’s Didipio mine starts strong
Commercial production began in April at OceanaGold’s (TSX: OGC) Didipio mine in the Philippines, and in the second quarter the mine churned out 13,676 oz. gold and 5,710 tonnes copper. For the first six months of the year Didipio’s…
Azarga takes stake in Powertech
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…
JV’s phantom board haunts St. Augustine in the Philippines
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges—a lesson St. Augustine Gold and Copper (TSX: SAU) is learning all too well at its enormous…