CHINA - CDH takes Eastern Dragon stake

Leading Chinese private equity company, CDH Investments, will acquire a 20% interest in Eldorado Gold’s Eastern Dragon project in Heilongjiang province, northeast China, for cash consideration of US$40 million.

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INDONESIA - Churchill clear to pursue damages

Churchill Mining advises that the International Centre for Settlement of Investment Disputes (ICSID) arbitral tribunal, comprising Professor Gabrielle Kaufmann-Kohler (president), Michael Hwang SC (arbitrator) and Professor Albert Jan van den Berg (arbitrator), has rejected the Republic of Indonesia’s challenges to the Tribunal’s jurisdiction.

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INDONESIA - Rusal and Arbaya in partnership

Global aluminium producer UC Rusal has signed a Memorandum of Understanding (MoU) with PT Arbaya Energi to enter into a strategic partnership in the exploration and mining of bauxite and production of alumina in West Kalimantan.

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VIETNAM - Besra export licence renewed

Besra has been granted a renewal of its licence to export gold from Vietnam. The licence, issued by the State Bank of Vietnam, permits the company to export gold from its operations in the central province of Quang Nam.

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