Metal Tiger delays KEMCO IPO

METAL Tiger has delayed the planned listing of KEMCO, which will hold its silver-lead-zinc mines in Thailand, until the first quarter of 2018. The reason for the delay is uncertainty as to how the new Thai Minerals Act will impact the joint venture’s in-country operations.

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Pan Asia starts pre-IPO drilling

PAN Asia Metals is undertaking a drill program at the Reung Kiet Lithium Project and Khao Soon Tungsten Project. The program is being carried out in preparation for an Initial Public Offering of the company in quarter two of 2018.

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Xanadu confirms large porphyry centres

THREE new large porphyry centres have been confirmed under shallow cover at Xanadu Mines’ Kharmagtai Copper-Gold Project in southern Mongolia. Recent drilling of high-potential copper-gold and gold targets has confirmed the centres.

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Equipment to boost SouthGobi production

SOUTHGOBI Resources has entered into a loan agreement and supplementary loan agreement with Beijing Jin Rui Tian Chen Asset Management Co Ltd to finance the purchase of mining equipment. The company says the equipment will increase production capacity at its Ovoot Tolgoi Coal Project.

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