Russia and Central Asia

Kinross reports record free cash flow of $1B for 2020

February 11, 2021 by Canadian Mining Journal Staff

Toronto-based gold major Kinross Gold (TSX: K; NYSE: KGC) has released its fourth-quarter and year-end 2020 financial results. Production of 2.4 million gold-equivalent oz. for the year (624,032 oz. in the fourth quarter) at all-in sustaining costs of US$987 per…

Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi’s deal

February 9, 2021 by Cecilia Jamasmie

Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it…