Rio Tinto appoints one of its own as the company’s new chairman

David McHutchon | December 5, 2017
img0 British-born Simon Thompson, 58, will succeed Jan du Plessis as Rio Tinto’s chairman. (Image: Rio Tinto.) World’s second largest miner Rio Tinto (ASX, LON, NYSE:RIO) ended Monday a nine-month search for a new chairman, announcing industry veteran Simon Thompson as the person who will assume the post in March. The appointment of Thompson (58), one of Rio Tinto’s ...

Centerra Gold entered into a strategic agreement with Kyrgyz government

David McHutchon | September 12, 2017
img0 Centerra Gold Inc. (TSX: CG) announces that the Company and its Kyrgyz subsidiaries (Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”)) have entered into a comprehensive settlement agreement (the “Strategic Agreement”) with the Government of the Kyrgyz Republic (the “Government”) on behalf of the Kyrgyz Republic. Highlights of the Strategic Agreement Full and final reciprocal releases ...

Rio Tinto divests Scotish Alcan Aluminium UK

David McHutchon | November 24, 2016
img0 Image: Rio Tinto to sell its assets at Lochaber (Scotland) to SIMEC for $410 million (£330 million), said the company in its statement. Under the agreement Rio Tinto sells 100% in Alcan Aluminium UK Limited which includes the operating smelter, the hydroelectric facilities at Kinlochleven and Lochaber as well as all associated land. The agreement includes ...

ICMM published new guidance for mining companies

MINEX Forum | September 22, 2016
img0 The UK-based International Council on Mining and Minerals (ICMM) has released new guidance on the way mining companies can help achieve the United Nations 17 sustainable development goals (SDGs), reports.   The SDGs were initially adopted at a special UN Sustainable Development Summit on 25 September 2015 and form a set of 17 individual targets ...

On 4th October Master classes will open the technical program of MINEX Russia 2016

MINEX Forum | September 19, 2016
img0 The Master class “Innovative technologies for steep incline and vertical conveying in the mining sector – What are the factors for success?” organised by ContiTech will open the day’s programme which will include four master classes, round table lunch and networking evening drinks. The ContiTec’s master class will be led by Thomas Neumann, Head of ...

Shocking breakdown of China’s foreign reserves is bullish for gold

Irina Dorokhova | July 11, 2016
img0 Image: “I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold” John Lee, CFA Executive Chairman, Prophecy Development Corp. This article has been written by him for ...

Опережающее развитие российской экономики – роль, место и ориентиры для горнорудной отрасли

Arthur Poliakov | June 4, 2015
img0 С начала 2015 года Российское правительство приступило к реализации концепции «опережающего развития». В статье автор попытался высказать своё мнение о процессах, происходящих в горнорудной отрасли РФ, и о том, за счёт чего и при каких условиях возможно улучшить ее состояние.