Russia and CIS

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…

Cameco's McArthur River uranium mine located in northern Saskatchewan.  Source: Cameco

Final HEU shipment a catalyst for uranium industry

The final shipment of highly enriched uranium (HEU) to the U.S. from nuclear disarmament and military stockpiles in Russia under the 1993 Megatons to Megawatts agreement left St. Petersburg on Aug. 21, and analysts believe the end of the…

Centerra hits another roadblock at Kumtor

A swarm of protestors have blocked the only road leading to Centerra Gold’s (CG-T) Kumtor gold mine in Kyrgyzstan in a move to pressure the government to cancel the 2009 Kumtor agreement it signed with the miner.

Facilities at Eldorado Gold's Efemcukuru gold mine in Turkey. Source: Eldorado Gold

Eldorado perseveres on the road to more ounces

VANCOUVER — It has been a busy year for Eldorado Gold (ELD-T), but that’s business as usual for a company that has doubled its gold output in five years, and plans to more than double it again by 2015.

Oyu Tolgoi’s feasibility study gets delayed

Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market on its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert with a mix of potentially good and bad news.

Cameco gets access to Russian warheads

It took longer than expected but Cameco (CCO-T, CCJ-N) has cleared all the regulatory hurdles and has closed its acquisition of nuclear fuels trader NUKEM Energy GmbH (NUKEM).

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