Africa & Middle East

Nautilus Minerals has signed a new agreement with Tongling Nonferrous Metals Group for the sale of product extracted from the company’s Solwara 1 deposit in the Bismarck Sea of Papua New Guinea, with first delivery expected in the first half of 2018. On April 21, 2012, Nautilus and Tongling entered…
OceanaGold recently received the prestigious Philippines 2015 Presidential Mining Industry Environmental Award (PMIEA) for the Surface Mining Operation Category. The award was presented during the 62nd Annual National Mine Safety Conference held recently in Baguio City. OceanaGold’s Didipio project in northern Luzon has been a consistent PMIEA winner - awarded…
Turquoise Hill Resources announces that Oyu Tolgoi LLC has signed a US$4.4 billion project finance facility, one of the mining industry’s largest, to enable development of the Oyu Tolgoi (OT) underground project in Mongolia to resume. The facility is being provided by a syndicate of international financial institutions and export…
On December 7 the Specialised Interdistrict Economic Court of the Akmola Oblast in Kazakhstan ordered that Alhambra Resources’ wholly-owned Kazakhstan subsidiary Saga Creek Gold Company JV LLP be declared bankrupt. As a matter of Kazakh law, the Bankruptcy Order came into legal effect immediately on December 7, 2015, and a…
The signing of a landmark US$4.4 billion project financing agreement for the Oyu Tolgoi underground mine is a global vote of confidence in Mongolia that reopens the doors to the leading global banks for Mongolian projects, according to the country’s Prime Minister Saikhanbileg. In a press statement the government said,…
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