Highs and lows: how gold and gold miners have fared during Covid-19

MINEX Forum | June 18, 2020
img0 By Heidi Vella Gold’s reputation as a safe haven for investors in times of turmoil has held steady amid the coronavirus pandemic; despite plummeting jewellery sales, the price of the precious metal has skyrocketed to a seven-year high. But what do such turbulent times mean for miners? We investigate turbulent times mean for miners? We investigate ...

Poland to close 12 mines for three weeks to stop coronavirus spread

MINEX Forum | June 10, 2020
img0 WARSAW: Poland will close two coal mines owned by state-run JSW and ten mines from PGG group on Tuesday for three weeks to stop the spread of the new coronavirus among miners, Deputy Prime Minister Jacek Sasin said on Monday. Sasin said the miners will receive pay during that time, and that there was no threat to coal deliveries. Poland has reported rapid growth ...

Eurasian Resources Group joins Kazakhstan’s efforts to fight COVID-19

Anastasia Bogdanova | March 25, 2020
img0 Eurasian Resources Group (ERG) has announced it will imminently commit 4.5 billion tenge (US$10 million) for the creation of a national foundation in the Republic of Kazakhstan to combat the continuing spread of the COVID-19 virus. The foundation, set up by the first President Nursultan Nazarbayev and the Government of Kazakhstan, is geared towards supporting ...

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 ...