Rio Tinto and its subsidiary Turquoise Hill Resources-tax avoidance and golden promises
The information on avoided tax is published in a report by SOMO and Oyu Tolgoi Watch and it also shows how an abusive investment agreement...
Category : World
Zijin copper production to rise because of its operations in gold-copper mine in Serbia
The Chinese group injected $350 million in the capital of Serbian copper mining and smelting company RTB Bor in December 2018, acquiring majority ownership, and...
Kyrgyz authorities scrapped a Chinese investment project after mass protests
Mass protests broke out against a planned $275mn logistics centre. Local residents have protested several times since January against the project, with the latest demonstration...
Rio Tinto to secure domestically sourced power for Oyu Tolgoi mine in Mongolia
Oyu Tolgoi is currently sourcing power from China’s Inner Mongolian Western Grid via overhead power lines, via a back-to-back power purchase agreement with National Power...
Expansion of Chinese Zidjin in Serbia
Zijin Mining, a Chinese mining company, purchases the lower zone of the Chukaru Peki Copper and Gold Reserve near Bor for $ 390 million from...
Ban on uranium and thorium exploration and mining decreed in Kyrgyzstan
Kyrgyz President Sooronbai Jeenbekov has signed a decree banning the exploration and mining of uranium and thorium deposits in Kyrgyzstan, his press service reported on...
Mongolia halts issuing licenses for mineral exploration
The Mongolian government imposed a 12-month ban on the issuing of licenses for mineral exploration. “The ban is part of the government’s efforts to create...
Rich Gold Deposit in Greenland
The Canadian mining company AEX Gold has proved successful with its gold extraction license in the Vagar area in Greenland, acording to Sermitsiaq. Recent investigations prove...
Rio Tinto’s Mongolia mine will expand
Mining minister says expanded copper mine in Gobi Desert ‘would not be stopped’ despite protests Anglo-Australian firm Rio Tinto’s plan to expand a copper...
Zijin to invest 200 mln euro in revamping Serbia’s Bor copper mine/smelter
China’s Zijin Mining Group plans to invest 200 million euro ($221 million) in revamping and expanding the current capacities of Serbian copper mining and smelting complex Bor...