Mexico could impose mining royalties
The details of a planned overhaul of Mexico’s mining legislation — including the possible introduction of a royalty payment — are expected to be finalized by June.
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News
McEwen has new Mexican gold discovery
McEwen Mining Inc. has announced a new gold discovery, called Twin Domes, within its 100% owned El Gallo Complex, Sinaloa, Mexico.
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Canadian miner opposed in Kyrgyzstan
Nationalists threaten to return to the streets to topple another Kyrgyzstan government unless it expropriates the Centerra’s Kumtor gold mine.
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Canadian miners subject of global protests
Tens of thousands of Colombians took to the streets of Bucaramanga, the country’s sixth-largest city, last month to defend their water supply from a Canadian-owned gold-mining project.
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China buys gold, Azerbaijan wins
Azerbaijan has only began to accumulate its reserves in gold both through its own and foreign gold which is acquired by the State Oil Fund on the London market of precious metals.
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China’s Zijin buys depressed mine shares
Zijin Mining aims to complete one or two acquisitions this year and warned that the unit production cost at its mainstay gold mine will continue to rise owing to the deteriorating grade of ore.
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The silver lining of mining’s cloud
Amid the felled chief executive officers, shelved projects, tens of billions of dollars that won’t be spent and the barren lines of credit, miners are finding a reason to smile.
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No hard hats for Sandstorm employees
With roughly $200 million available, Sandstorm pushes for growth as the mining sector struggles to raise cash.
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Dividing up Mongolia’s mining riches
Mongolia has for centuries been characterised as a nation of nomads and cattle herders, but this is all changing thanks to a huge new copper and gold mine.
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Why miners have lagged gold price
Gold miners have been an embarrassment. A dollar put in gold five years ago would be worth about a $1.70 today; that same dollar in Market Vectors Gold Miners ETF (GDX) would be worth only $0.80.
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