Asia

Gold Reserve wins US$740M in 'stunning victory' against Venezuela

Source: Daily News | 2014-10-17
It's taken six years and over US$20 million in legal costs, but Gold Reserve (TSXV: GRZ) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government — one of the largest...

China moves to restrict imports of low-quality coal 

Source: Print Archives | 2014-10-01
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain...

Work on Oyu Tolgoi underground to resume in Q1 

Source: Print Archives | 2014-09-24
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.

Fednav sends nickel through the Northwest Passage  

Source: Print Archives | 2014-09-24
On Sept. 19 the MV Nunavik embarked on a historic 29-day journey from Deception Bay in Quebec’s far north to deliver 21,000 tonnes of nickel concentrate to Bayuquan, in China’s Liaoning province.

Drilling prices 'not sustainable': Major Drilling 

Source: Print Archives | 2014-09-17
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements...

Mongolia: Greener grass or dry desert steppe? 

Source: Print Archives | 2014-09-10
For some, the grass always appears greener for mining projects in distant and foreign jurisdictions. Why? Perhaps it’s the mining industry’s persistent optimism and the belief that these jurisdictions could never be as bad or...

Alamos scores Agi Dagi EIA approval, but Kirazli in limbo  

Source: Print Archives | 2014-09-03
VANCOUVER — It’s been a rocky permitting road for producer Alamos Gold (TSX: AGI; NYSE: AGI) in Turkey given the legal troubles surrounding its Kirazli epithermal gold project. But the company looks to have made some...

Resolution at hand for Newmont in Indonesia  

Source: Print Archives | 2014-08-27
A month after Freeport-McMoRan Copper & Gold (NYSE: FCX) signed a deal with the Indonesian government resolving a standoff over the country’s recently imposed export tax on mineral concentrates, Newmont Mining (NYSE: NEM) appears...

Dynasty Gold fights to retain assets in China  

Source: Print Archives | 2014-08-27
Vancouver-based Dynasty Gold (TSXV: DYG) was one of the first Canadian juniors to explore for gold in China. It entered into a cooperative joint-venture in December 2003 with a Chinese state-owned enterprise to explore for gold...

Ousted Cliffs CEO to receive US$11M payment  

Source: Print Archives | 2014-08-27
Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

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