Norway’s $1 trillion wealth fund has made a U-turn while on its way out of investments linked to fossil fuels, some big corporations with claims of human rights abuses against them, and a broad range of emerging-market bonds, by revoking a decision approved earlier this month by the country’s parliament. Most of the exclusions withdrawn ... Norway’s $1 trillion fund resumes investing in miners, oil and Walmart
MINEX Forum | June 26, 2019 Norway’s $1 trillion wealth fund has made a U-turn while on its way out of investments linked to fossil fuels, some big corporations with claims of human rights abuses against them, and a broad range of emerging-market bonds, by revoking a decision approved earlier this month by the country’s parliament. Most of the exclusions withdrawn ... 
Eurasia Mining continues to build on its extensive in-country expertise. Eurasia aims to become one of the largest alluvial operators globally Eurasia Mining plc (LON: EUA) has lodged an application for a new exploration license area, Tipil, with the relevant authorities in Russia. Tipil is adjacent to West Kytlim, where Eurasia has been mining for platinum ... 
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. ... 
Following the World Bank’s recent statement that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project. In an e-mailed statement responding to an enquiry from the Institute for Energy Economics and Financial Analysis, ... 
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 ... 
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin. Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last ... 
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 ... 
Sberbank CIB, an arm of Russia’s largest lender, plans to more than double its gold sales to India this year and sell more gold than forecast to China, while keeping gold purchases in Russia flat, its head of global markets said. Purchases for sales to countries such as China and India go through the bank’s ... 
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 ... 
British mining company Vast Resources has received the first tranche of USD 4 million of the financing agreed with commodities trader Mercuria Energy Trading. Vast Resources will use USD 1.6 million to return part of the loan it got last year from Sub-Sahara Goldia Investments (SSGI). The rest of the grant will be totally invested ... 
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 ... 
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 ...