Chaarat completes joint venture with Çiftay for Kyrgyz Republic projects

MINEX Forum | September 24, 2019
img0 Gold mining company Chaarat has concluded a joint venture (JV) agreement with Turkish company Çiftay İnsaat Tahhüt ve Ticaret for Kyrgyz Republic projects. The agreement conclusion follows the announcement made in March, when Chaarat signed a binding term sheet to enter a JV with Çiftay to collaborate on the Tulkubash and Kyzyltash projects in the ...

Huge expansion project at Kaz Minerals Copper Mine, Kazakhstan

MINEX Forum | September 2, 2019
img0 As part of $1.2 billion (€1.08 billion) expansion project at its copper mine in Aktogay, earlier this year, Kaz Minerals turned to Genie for an equipment solution adapted to steel construction assembly work performed in conjunction with Terex cranes. Terex equipment providers Korund Group of Companies based in Oskemen, Kazakhstan, supplied 18 Genie machines for ...

Chinese venture to start mining battery metal antimony in Tajikistan

MINEX Forum | August 29, 2019
img0 A Chinese joint venture will start mining antimony, a flame-proof metal used in batteries, in Tajikistan next year with the statemining company, aiming eventually to produce a tenth of global output. TALCO Gold, jointly owned by Tajik state aluminium firm TALCO and China’s Tibet Huayu Mining Co, is developing the Konchoch deposits in the Western part of the mountainous ex-Soviet ...

Kinross to acquire high-quality development project with a large estimated resource

MINEX Forum | August 1, 2019
img0 Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) is pleased to announce an agreement with N-Mining Limited (“N-Mining”) to acquire Chulbatkan, a high-quality, heap leach development project with significant upside potential and low relative execution risk, for total fixed consideration of $283 million, including approximately $113 million in cash and approximately $170 million in Kinross shares. ...