Mining industry

Tag: Mining industry

Deripaska company seeks arbitration against Montenegro over losses

The Central European Aluminum Company (CEAC), a subsidiary of Russian billionaire Oleg Deripaska’s En+, announced Tuesday that it has filed a request for arbitration proceedings with the government of Montenegro seeking over EUR 600 million in compensation for losses.

14:13 11.03.2014

Russian faces trial over 2Kg of illegal gold – prosecutors

A man in Russia’s Far East will go on trial for possession of two kilograms (4.4 pounds) of illegally mined gold worth about 3.5 million rubles ($106,000) that he hid in his car.

13:55 29.11.2013

23 detained in Kyrgyzstan mine protest – Interior Ministry

Kyrgyz law enforcers have detained over 20 protesters involved in Monday’s riots in the country’s northeast over a controversial Canadian-owned gold mine that has been a target of political wrangling and extortion schemes for years.

09:10 08.10.2013

ArcelorMittal loses to Senegal in ICC arbitration proceedings

Steel and mining giant ArcelorMittal released a statement Wednesday acknowledging that it had lost to Senegal in arbitration proceedings centering on a 2007 iron ore mining and infrastructure agreement gone bad.

12:14 12.09.2013

Regulator's $122 mln lawsuit against NorNickel suspended until expert report

The Krasnoyarsk Territorial Commercial Court has suspended the proceedings regarding the 3.9 billion ruble ($121.7 million) lawsuit that the Federal Agency for State Reserves filed against Norilsk Nickel until an expert appraisal has been held.

16:27 04.06.2013

Kyrgyz president lifts state of emergency around Kumtor mine

The President of Kyrgyzstan has lifted the state of emergency in the Kumtor area, the region's largest gold mine, earlier than planned, a presidential spokesman told RIA Novosti. On Tuesday, several hundred people in the Issyk-Kul Region got together at the Kumtor mine, demanding that the government cancel its agreement with Centerra Gold, the Canadian investor developing the mine.

11:24 03.06.2013

Kyrgyzstan declares state of emergency over Kumtor gold mine riots

Kyrgyz President Almazbek Atambayev has signed a decree declaring a state of emergency for the Issyk-Kul region, where rioters have barricaded the Centerra Gold Mine. Shamil Atakhanov, the Kyrgyz Deputy Prime Minister responsible for the military and security agencies, has arrived at the site of the riots over the Kumtor Gold Mine to try and negotiate with the protesters.

13:52 31.05.2013

Rosatom subsidiary successfully avoids Canadian proceedings

A Canadian court dismissed an appeal filed by Khan Resources Inc. challenging a lower court’s dismissal of its motion to validate, substitute or dispense with service of the statement of claim in a lawsuit against the Russian Atomredmetzoloto (ARMZ) uranium producer.

13:01 05.04.2013

Canadian Supreme Court approves Uranium One takeover by Russian uranium producer

The consolidation of a 100% stake in Uranium One Inc by Russia's ARMZ Uranium Holding has been approved by the Canadian Supreme Court, as well as by regulators in Russia, the United States and Australia, ARMZ said on Thursday.

10:51 28.03.2013

Egyptian court removes ban on Australian gold producer's operations

Egypt's Higher Administrative Court has canceled the ban which was imposed last October on the gold exploration and mining activities of the Australian Centamin Egypt gold producer, the Egyptian State Council told journalists on Wednesday.

19:06 20.03.2013

Amantaytau Goldfields declared bankrupt

The Navoi Region Commercial Court in Uzbekistan has declared the Anglo-Uzbek gold mining company Amantaytau Goldfields bankrupt, RIA Novosti reported Monday.

11:40 04.02.2013

Kyrgyzstan aims to strip Canadian gold firm of tax status

Kyrgyzstan’s cash-strapped government wants to renegotiate its agreement with its largest foreign investor, Toronto-based Centerra Gold, and to end the company’s privileged tax agreement

10:52 29.01.2013

Australian-Egyptian gold-mining contract terminated by high court

An Egyptian court has invalidated a gold-mining contract signed in 2004 between the Egyptian government and Australian-based Centamin Egypt.

11:53 31.10.2012

Gold mine fined for nondisclosure

An assay inspectorate has fined Pokrovky Mine for a failure to inform the Federal Financial Monitoring Service about its transactions.

12:16 27.02.2012