China Nonferrous Gold faces serious liquidity crunch
3rd Jan 2024 14:32
(Sharecast News) - China Nonferrous Gold, a mineral exploration and mining company currently operating the Pakrut gold project in Tajikistan, updated the market on its financial challenges on Wednesday as it grappled with demands from its creditor CNMC Trade.
Read moreChina Nonferrous Gold secures new $65m loan facility
12th Jun 2023 13:17
(Sharecast News) - Tajikistan-focussed explorer and miner China Nonferrous Gold has secured a short-term loan from CNMC Trade Company, it announced on Monday, amounting to $65m.
Read moreChina Nonferrous Gold agrees loan extensions
15th Jul 2020 08:32
(Sharecast News) - Tajikistan-focussed mineral exploration and mining company China Nonferrous Gold has extended the repayment period for loans in place with CNMC Trade Company, it announced on Wednesday, totalling $146.5m (£115.94m).
Read moreChina Nonferrous Gold pleased with production at Pakrut
24th Feb 2020 10:44
(Sharecast News) - Mineral exploration and mining company China Nonferrous Gold, which is currently mining the Pakrut gold project in Tajikistan, released its annual gold production from Pakrut for 2019 on Monday.
Read moreLi Li steps down as China Nonferrous Gold finance chief
14th Dec 2016 14:36
(ShareCast News) - Mineral exploration and mining company China Nonferrous Gold announced on Wednesday that Li Li had resigned as its finance director. The AIM-traded firm, currently mining the Pakrut gold project in the Republic of Tajikistan, only cited 'personal reasons' for Li's departure. Li d
Read moreChina Nonferrous Gold reports period of serious development
30th Sep 2016 08:25
(ShareCast News) - Mineral exploration and development company China Nonferrous Gold announced its interim results for the six months to 30 June on Friday - a period in which it earned nil revenue as it continued its development activities. The AIM-traded firm posted a loss before tax of $3.4m, wide
Read moreWang Yubin resigns from China Nonferrous Gold board
5th Jul 2016 14:11
(ShareCast News) - Mineral exploration and mining company China Nonferrous Gold announced on Monday that executive director Wang Yubin has resigned from the board. In a very short statement, the AIM-traded firm said the resignation was "for personal reasons". The company is currently mining the Pak
Read moreDirector dealings: Mercantile Investment Trust non-exec buys in
7th Jan 2016 15:22
(ShareCast News) - Angus Lennox, a non-executive director of JP Morgan-managed Mercantile Investment Trust, has invested £90,150 of his cash in the grand old dame of the UK trust sector. Former Cazenove investment banker and then a managing director of the investment arm once JP Morgan took over, Le
Read moreTajikistan finally bears fruit for China Nonferrous Gold
6th Jan 2016 08:39
(ShareCast News) - Staff and investors were celebrating at China Nonferrous Gold this week, after the company's efforts in central Asia finally bore fruit. The AIM-listed mineral exploration and mining company announced on Wednesday that the first gold ingots were poured at its wholly owned Pakrut g
Read moreInland Homes founder pockets £1m in share sale
20th Nov 2015 16:06
(ShareCast News) - The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process. Stephen Wicks, who co-founded the development firm in 2005, sold 1.5m shares at 67.37p a piece. He has held on to 14.7m shares, though, representing a 7.27% stake in th
Read moreChina Nonferrous Gold expects trial project at Pakrut to begin in October
29th Jun 2015 08:51
Mining group China Nonferrous Gold (CNG) said it expected trial production at the Pakrut gold project in the Republic of Tajikistan to start at the end of October. In a statement released on Monday, the group said electricity at the Pakrut site had been operating without fault three days, after the
Read moreChina Nonferrous Gold chairman stands down
20th Apr 2015 15:32
Tajikistan-focused gold miner China Nonferrous Gold (CNG) saw its shares drop on Monday after the resignation of non-executive chairman and gold industry veteran Tao Luo. The AIM company, formerly known as Kryso Resources, said Luo has stepped down with immediate effect after retiring as president f
Read moreChina Nonferrous Gold terminates construction contract with Shanxi
27th Jun 2014 14:31
China Nonferrous Gold has ended its contract with Shanxi No.3 Power Construction Company after it was unable to obtain the needed license to follow through with the project. The mineral exploration company, which is currently developing the Pakrut gold project in Tajikistan, has replaced the constr
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