Duterte Vows Crackdown on Noncompliant Philippine Miners

Newly elected President Rodrigo Duterte stated recently that the Philippines can survive without revenue from mining companies. He warned mining companies—which contribute about P40 billion a year to government accounts—to strictly follow environmental rules and regulations or face closure.

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Commision Approval Allows Malmyzh to Move Ahead

Eurasian Minerals reported that IG Copper has received approval to advance the Malmyzh copper-gold project in Russia’s Far East. Approval was granted by the Russian Government Commission on Monitoring Foreign Investment chaired by Prime Minister Dmitry Medvedev.

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Oyu Tolgoi Production on Target

Production from open-pit mining at Turquoise Hill Resources’ Oyu Tolgoi copper-gold-silver operation in Mongolia’s South Gobi region is reported to be on target to meet the 2016 production guidance of 175,000 metric tons (mt) to 195,000 mt of copper in concentrates and 255,000–285,000 oz of gold.

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Oyu Tolgoi Moves Toward Restart of Underground Mine Development

Turquoise Hill Resources reported in early June that Oyu Tolgoi LLC has drawn down approximately $4 billion of a project finance facility signed in December 2015 for development of block cave underground mining at the Oyu Tolgoi copper-gold-silver mining complex in southern Mongolia. The boards of Oyu Tolgoi LLC, Turquoise Hill and Rio Tinto approved the restart of underground development at Oyu Tolgoi in early May (E&MJ, June 2016, p. 4).

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