PAPUA NEW GUINEA - TPJ sells Morobe area licence

Triple Plate Junction (TPJ) has disposed of its Exploration Licence EL 1365 in the Morobe joint venture of west central PNG to a subsidiary of Niuminco Group Ltd. The licence was acquired by Niuminco Edie Creek Limited from TPJ’s PNG subsidiary Terenure Limited, which had a 25% interest in the licence, and Newmont’s PNG subsidiary NVL PNG Limited, which had a 75% interest.

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KYRGYZ REPUBLIC - Celsius signs Chinese MoU

Celsius Coal has signed a non-binding Memorandum of Understanding (MoU) with Xinjiang Bayi Iron and Steel Group and China Minmetals Group. Both of these tier-one Chinese companies have operations in the province of Xinjiang, which neighbours the Kyrgyz Republic.

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KYRGYZ REPUBLIC - Centerra remains confident of agreement

Centerra Gold officials remain confident that a new Kumtor operating agreement can be reached despite the fall of the Kyrgyz Republic’s ruling coalition government last week, including Prime Minister Zhantoro Satybaldiyev.

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CHINA - Drilling extends mineralization

Underground diamond drilling in 2013 at Silvercorp Metals’ LM and LMW mines in Ying Mining District of Henan province has significantly extended existing high grade mineralization zones, both down dip and along strike, and delineated new mineralization zones in known major vein structures.

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