Why gold is money: a periodic perspective

MINEX Forum | July 5, 2019
img0 The economist John Maynard Keynes famously called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. However, gold also possesses elemental properties that has made it an ideal ...

Eurasian Resources wants to keep children out of mining in the DRC

MINEX Forum | December 13, 2018
img0 Eurasian Resources Group announced this week that it joined forces with international development organization Pact to carry out the initiative “Children out of Mining-Northern Kolwezi” in the Democratic Republic of Congo (DRC). The project is being implemented in the southern Kolwezi region, where Eurasian Resources Group’s Metalkol RTR project is located and where management has ...

Corruption perceptions index 2017

MINEX Forum | February 23, 2018
img0 This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption, while further analysis shows journalists and activists in corrupt countries risking their lives every day in an effort to speak out. The index, which ranks 180 countries and territories by their perceived levels of public ...

Chinese Gold Mining company fired 370 Kyrgyz workers

MINEX Forum | January 12, 2018
img0 Full Gold Mining fired 370 Kyrgyz workers after they refused new contracts that included a 30 percent salary cut. Chinese mining company fired 370 miners in southern Kyrgyzstan after their contracts expired. The miners, who worked at the Ishtamberdi mines in the Jalal-Abad region, reportedly had refused to accept amendments to their employment contracts which would have ...

Russian lawmaker Kerimov detained by French police in tax evasion case

David McHutchon | November 22, 2017
img0 NICE, France (Reuters) – Russian businessman and lawmaker Suleiman Kerimov was arrested by French police at Nice airport on Monday evening in connection with a tax evasion case, an official at the French prosecutor’s office said on Tuesday. Kerimov is ranked by Forbes magazine as Russia’s 21st wealthiest businessman, with a net worth of $6.3 ...

Nordgold to participate in a public discussion regarding the Montagne d’Or project

David McHutchon | August 16, 2017
img0 Montagne d’Or (the “Company”), owner of the Montagne d’Or mining project (the “Project”) in French Guiana, announces its intention to start a public consultation during the fourth quarter of 2017. The objective will be to gather feedback from all stakeholders involved in the project to ensure transparency and collaboration, Nordgold’s press service reported. The consultation will aim to ...

Euro Sun Mining holds public meeting to discuss its Rovina Valley Project

David McHutchon | June 26, 2017
img0 Euro Sun Mining Inc. (TSX:ESM) reported that in accordance with Romania’s public administration transparency laws, the National Agency for Mineral Resources (“NAMR”) hosted a public meeting to discuss the draft Government decision approving the mining licence of the Company’s Rovina Valley Project at its headquarters today, June 26, 2017. The meeting was originally scheduled for ...

The local band supports the Cameco’s mining operations in northern Saskatchewan

David McHutchon | June 19, 2017
img0 The Lac La Ronge Indian Band (LLRIB) and Cameco Corporation announced the signing of a collaboration agreement that enhances and sustains their existing relationship and commercial ventures. The agreement confirms LLRIB’s support for Cameco’s mining operations in northern Saskatchewan, the parties’ commitment to protecting the environment and ensures LLRIB will continue to benefit from employment, ...

Historic buildings relocate in Swedish Kiruna due to miner activity

David McHutchon | May 29, 2017
img0 The entire Swedish city of Kiruna has begun a long-planned and quite challenging relocation to an area situated about 3km (2miles) east, after ground fissures created by iron ore mining activity weakened the ground beneath it, said mining.com. The decision, however, didn’t take any local by surprise. In fact, mining company Luossavaara-Kiirunavaara AB (LKAB) has ...