Geology Committee, Orano Mining set up JV in uranium mining

MINEX Forum | December 6, 2019
img0 The joint venture Nurlikum Mining, set up by the French company Orano Mining and the State Committee on Geology and Mineral Resources (GeolCom) of Uzbekistan, will have the annual capacity to produce 1,500 tons of concentrated uranium oxide (U3O8), GeolCom said on Wednesday. In September, Orano and Goskomgeologiya signed an agreement on the establishment of ...

Russia’s Richest Man Starts Testing Sales of Crypto Metal Tokens

MINEX Forum | December 6, 2019
img0 MMC Norilsk Nickel PJSC, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales. Clients including Trafigura Group Ltd., Traxys SA and Umicore SA have been involved in the tests, Chief Executive Officer Vladimir Potanin said in an interview ...

Munduro announces non-brokered private placement

MINEX Forum | December 5, 2019
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”), intends to undertake a private placement to raise gross proceeds of up to $1,000,000 by the issuance of up to 7,407,407 units (“Units”) at $0.135 per Unit (“Offering”). Each Unit comprises of one common share of the Company and one-half of one share purchase warrant. ...

Trans-Siberian Gold plc relationship agreement with UFG Asset Management

MINEX Forum | December 3, 2019
img0 Trans-Siberian Gold plc (TSG.LN) (“TSG”, or “the Company”), a low cost, high grade gold producer in Russia, is pleased to announce that, on 28 November 2019, a Relationship Agreement (“the Agreement”) was signed between the Company and certain entities of UFG Asset Management (“UFG”). In accordance with the Company’s adoption of the QCA Corporate Governance ...

A group of gold-mining companies of Kazakhstan raised an overall loan from VTB Bank up to 470 mln Euros

MINEX Forum | December 3, 2019
img0 A group of companies in the gold-mining sector of Kazakhstan (AK Altynalmas JSC, MMC KAZAKHALTYN JSC, Kazakhaltyn Technology LLC, Aksu Technology LLC) raised an overall loan from VTB Bank in the amount of up to 470 million Euros. Within the framework of business development initiatives through the construction of new enterprises and the expansion of ...

Munduro provides third quarter exploration programs update and financial highlights

MINEX Forum | November 26, 2019
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”), announces filing unaudited consolidated financial statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posting on the Company’s website at www.mundoro.com. All amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTS FROM Q3-2019 Financial Update Earn-in parties funded exploration costs totaled $0.7 million ...

Lydian scores small victory for its gold project in Armenia

MINEX Forum | November 20, 2019
img0 Lydian International (TSX:LYD) scored a small victory for its gold project in Armenia after an appeals court rejected a motion to revoke Amulsar’s Environmental Impact Assessment (EIA), approved in April 2016. A small number of citizens alleged that “new ecological factors” had come to light, which justified voiding the evaluation of the proposed mine’s impacts. ...

Eurasia Mining appoints Russian adviser to assist on strategic sales

MINEX Forum | November 12, 2019
img0 Eurasia Mining PLC (LON:EUA) has officially appointed metallurgical expert Alexander Vasilievich Sushchev as an adviser to the board as it looks to leverage some of its mining assets. Sushchev, formerly a manager at palladium colossus Norilsk Nickel, will work with fellow strategic advisor Alexei Churakov and investment banks VTB Capital and CITIC Group. As chief ...

China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million

MINEX Forum | November 5, 2019
img0 Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it ...

Bosnian base metals play on the rise for Adriatic

MINEX Forum | October 28, 2019
img0 Perth-listed European base metals development company, Adriatic Metals, is heading confidently towards the tabling of a scoping study for the amazingly well mineralised Vareš multi-metal project in Bosnia next year, after positive met work was returned from the company’s two defined deposits last month. Adriatic recently released a maiden mineral resource for the high-grade Rupice ...