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MONGOLIA COPPER

Mongolia March copper exports up 53% on rising Oyu Tolgoi sales

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Mongolia's copper concentrate export volumes leapt 53% year-on-year in March, with rising output from the $6.5-billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed. According to figures...
23rd April 2014
 
 
GOLD

Barrick-Newmont tie-up could create new top flight Australia gold producer

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Australia could spawn a new mega gold producer if Barrick Gold Corp and Newmont Mining Corp spin off their Asia-Pacific assets, heating up competition with the country's underperforming market leader Newcrest Mining Ltd. Barrick and Newmont have...
23rd April 2014
 
 
GOLD

Nordgold improves gold output across portfolio

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Bissa mine LSE-listed Nordgold on Wednesday said refined gold output of 211 100 oz was achieved during the first quarter of the year – a 15% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year...
23rd April 2014
 
 
COPPER/GOLD

Sumatra to restart Tembang work by mid-2014

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An updated definitive feasibility study (DFS) for ASX-listed Sumatra Copper & Gold’s flagship Tembang project, has increased forecast gold production. The updated DFS forecast a total production of 168 794 oz of gold and about 1.8-million...
23rd April 2014
 
 
GOLD

Resolute production falls as Tanzania mine closes

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Gold miner Resolute Mining has reported a significant decline in quarterly production as its Golden Pride operation, in Tanzania, was placed on care-and-maintenance. During the three months to March, Resolute produced 77 976 oz of gold, which was...
23rd April 2014
 
 
METALS

Tin struggles to keep up - Metals X

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ASX-listed Metals X has reported a solid quarter at its gold operations, but said on Wednesday that its tin operations had underperformed, owing to lower head grades. During the three months to March, Metals X produced 48 349 oz of gold, which...
23rd April 2014
 
 
MINING FINANCE

Troy secures A$100m funding for Karouni

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Dual-listed gold miner Troy Resources on Wednesday announced that it had secured a A$100-million revolving corporeate facility to progress its Karouni project, in Guyana. The facility with Investec Bank would have a three-year term with...
23rd April 2014
 
 
GOLD

Newcrest output down 11% on maintenance

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Gold major Newcrest Mining has reported an 11% drop in production for the three months to March, but assured shareholders that it was on track to deliver on its full-year expectations. During the quarter under review, gold production declined to...
23rd April 2014
 
 
 
 
 
 
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