Asia

SouthGobi Resources loses appeal in Mongolian tax case

Source: Daily News | 2015-03-25
Mongolian President Elbegdorj Tsakhia may have pardoned three former employees of SouthGobi Resources (TSX: SGQ) last month who were convicted in a tax evasion case on Jan. 30, and handed jail sentences of between five and six years, but the...

China's Zijin Mining invests in Ivanhoe  

Source: Print Archives | 2015-03-25
Fresh on the heels of its 2015 Thayer Lindsley award win for discovering the Kamoa copper deposit in the Democratic Republic of the Congo (DRC), Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has reeled in Zijin Mining as a strategic investor.

'Gold not losing its shine yet,' Barclays says

Source: Daily News | 2015-03-24
The era of double-digit growth in metals demand is over as China’s economy moves from investments in fixed asset growth and metals-intensive industries towards the service sector and domestic consumption, Barclays Bank states in a new...

Buyer emerges for Coalspur Mines 

Source: Print Archives | 2015-03-04
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.

Chinese firm Novel to buy stake in SouthGobi 

Source: Print Archives | 2015-03-04
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and...

TSX gains momentum, Feb. 9-13 

Source: Print Archives | 2015-02-18
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers. 

Contrarian investor Anglo Pacific picks up coal royalty 

Source: Print Archives | 2015-02-18
Anglo Pacific Group (TSX: APY; LSE: APF) is forking over US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (US-OTC: WHITF; ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of...

Eldorado falls on Greek opposition, weak outlook  

Source: Print Archives | 2015-02-11
Eldorado Gold (TSX: ELD; NYSE: EGO) shares have plunged after two events: Greece’s new left-wing government’s opposition to the company building a gold mine in the country, and a weaker-than-expected 2015 guidance. Eldorado recently...

Update: Mongolia convicts SouthGobi trio of tax evasion 

Source: Print Archives | 2015-02-04
Three former employees of SouthGobi Resources (TSX: SGQ) including a U.S. citizen are slated to spend the next five years behind bars after a Mongolian court found them guilty of tax evasion.

Mining industry revisits anti-corruption procedures 

Source: Print Archives | 2015-01-28
Mining companies should take note of Canada’s stricter penalties and more aggressive enforcement of anti-corruption laws and make sure their anti-bribery compliance procedures are up to speed, lawyers, forensic accountants and mining...

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