Dynasty Gold refutes human rights abuse claim

The Canadian Ombudsperson for Responsible Enterprise (CORE) has concluded that human rights abuses occurred at the Hatu Qi-2 mine in China, which it claimed is majority owned by Dynasty Gold. However, the Vancouver-based miner refutes the allegation.  Dynasty Gold said CORE’s investigation and recent report is inaccurate. “Dynasty never conducted mining at the Hatu mine. It was pre-mining exploration that…

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Kainantu underground operations suspended

K92 Mining said it has temporarily suspended underground operations at its Kainantu gold mine in the Eastern Highlands province of Papua New Guinea after a suspicious non-industrial incident on 10 March resulted in a death.  Processing operations, which were suspended following the incident, have resumed. The miner said it is working with the relevant government authorities under the Criminal Code…

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Brazil seeks to annul gold mine contract

Brazilian federal prosecutors asked a judge to annul a contract between Canadian miner Belo Sun Mining and Brazil’s land rights agency to build a gold mine in the Amazon rainforest, reported Reuters. The news agency said prosecutors back the right of families living in settlements near where the Volta Grande mine would be built to be consulted on the project…

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Red 5, Silver Lake form mid-tier gold company

Western Australia-based miners Red 5 and Silver Lake Resources have entered into a merger of equals, creating a diversified gold producer with a significant ore reserve and mineral resource inventory of 4 million ounces and 12.4 million oz., respectively. Under the terms of the transaction, Red 5 will acquire 100% of the shares in Silver Lake and each Silver Lake…

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Steppe Gold acquiring Boroo Gold

Mongolia’s top gold producer is about to be formed with the acquisition of Boroo Gold by Steppe Gold, the latter announced 22 January. Steppe officials said it has entered into a binding term sheet creating a producer in Mongolia with a near-term production target of 200,000 ounces per year, including the committed ATO Gold Mine Phase 2 expansion. Boroo Gold…

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Perenti scores millions in Oz, Africa deal extensions

Contractor Perenti has secured extensions for a trio of contracts in Australia, Ghana and Burkina Faso worth a total of A$420 million. The contract extensions include a 12-month, $125 million contract extension to continue underground development and production works at the Gold Fields Agnew underground gold mine as well as a 12-month, $180 million contract extension at the AngloGold Ashanti’s…

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