Besra pushes to production in Malaysia
VANCOUVER — Besra Gold (TSX: BEZ) is laying the groundwork for its third gold mine with a feasibility study for a first stage of development at its Bau project in East Malaysia.
Asia
Commentary: Global mining M&A and investment in 2013
Like in any industry, supply-demand imbalances in mining products are at the root of dramatic price fluctuations and market upheavals. This is what has been happening in the mining industry in 2013: market imbalances have led to rock bottom…
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…
LionGold could be looking for a project near you
Two years ago what is now Singapore-listed LionGold (SGX: SIGO) was called “Think Environmental Co.,” and it held investments and managed businesses in the renewable energy sector.
Platinum, palladium markets to remain in deficit: Johnson Matthey
The markets for platinum and palladium will likely be in a deficit in 2014, according to a report by London-based Johnson Matthey.
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…
Typhoon Haiyan: The relief after the storm
Typhoon Haiyan swept across the Philippines on Nov. 8, killing nearly 4,000 people, with thousands more missing and feared dead.
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…
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…
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…
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…