Vast raises £600 000 for Romania, Zim projects

MINEX Forum | April 15, 2019
img0 Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece. The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million shares were taken up by directors Roy Tucker and Andrew Prelea, respectively. ...

Investment into Kazakh geology and subsoil use industry to be heavily incentivised, says minister

MINEX Forum | November 15, 2018
img0 The geology and subsoil use industry is a significant contributor to Kazakhstan’s economy, accounting for approximately 50 percent of investment inflow, and is undergoing major reform, said Kazakh Minister for Investments and Development Zhenis Kassymbek at a Nov. 13 government meeting. The recently adopted and implemented code on subsoil and subsoil use corresponds to international ...

Turkey unveils fresh incentives to boost investment

MINEX Forum | April 12, 2018
img0 ANKARA President Recep Tayyip Erdogan announced Monday a new set of economic incentives to encourage more investment in the country. “The system will provide incentives to firms in several areas including health, defense, automotive, and mining and metal sectors,” Erdogan told a meeting in the capital Ankara. He said the new set of incentives worth 135 ...

Rothschild pitches idea of pre-IPO sales for Kazakh privatisations

MINEX Forum | March 28, 2018
img0 Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ...

Has Kazakhstan Potash Corporation Limited (ASX:KPC) Improved Earnings Growth In Recent Times?

David McHutchon | March 21, 2018
img0 Understanding how Kazakhstan Potash Corporation Limited (ASX:KPC) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense check to gain perspective on how Kazakhstan Potash is doing by comparing its latest earnings with its long-term trend as well as the performance of ...

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

David McHutchon | March 20, 2018
img0 Photo: Anti-graft authorities in Mongolia are investigating the country’s 2009 investment pact with Rio Tinto that kickstarted the company’s Oyu Tolgoi copper-gold project. (Image courtesy of Oyu Tolgoi LLC) Switzerland’s highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who ...

Russian-Zimbabwean firm to invest $400m in Zimbabwe platinum

David McHutchon | March 15, 2018
img0 Great Dyke Investments (GDI) said on Thursday it would invest around $400-million to build a precious metals mine and smelter in Zimbabwe, as the country opens up to international business. The joint venture between Russia’s Afromet and Zimbabwe’s Pen East expects to produce up to 855 000 oz (27 t) of platinum group metals and gold per year from the Darwendale PGM project. Its deposit, ...

Tariffs should be part of U.S. trade policy, Trump foe Warren says

David McHutchon | March 12, 2018
img0 Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTERS/Yuri Gripas Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on ...