Asia

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.



Inside the processing facilities at Centerra's Kuptor mine in Kyrgyzstan. Source: Centerra

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…


Moroccan state-owned phosphate producer Office Chrifien des Phosphates' Merah-Lahrach washing plant near Khouribga, Morocco. Source: OCP

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…


Drillers at the Imwauna gold target at PNG Gold's Normanby gold project in Papua New Guinea. Source: PNG Gold

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…


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