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 ... China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million
MINEX Forum | November 5, 2019 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 ... 
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 ... 
Mining is vital. A real business, real profits Most people would crack open the champagne on the news their company has broken back into the FTSE 100. Or in Vitaly Nesis’ case, perhaps a little vodka. Not so, says the chief executive of Russian gold miner Polymetal. “I don’t think there’s any novelty left. It’s ... 
Chinese company Zijin, owner of the upstream zone of the future Chukaru Peki Copper and Gold underground site, has prepared an offer to buy off part of it from American company Freeport McMoRan. The plan of the Chinese company Zijin, which is also a strategic partner of RTB Bor, is to invest almost half a ... 
The second-instance State Commission gave the long-awaited response – a complaint by Canadian company Euromax Resources was rejected, meaning the company was definitely not granted a permit to mine the ore from the Ilovica-Stuka mine. This clearly shows that the mine will not be built, but it also poses a serious risk that the concessionaire, ... 
Pushing forward a repeatedly delayed mining project in northern Greece, which will bring in much-needed revenue and create jobs, the Greek government is in talks with Canadian mining company Eldorado Gold to secure higher royalties. Speaking to Reuters earlier this month, Energy Minister Kostis Hatzidakis said the government was aiming to “send a business-friendly message” ... 
Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) is pleased to announce the results of an updated 43-101 Feasibility Study for its 100%-owned Amulsar Project in south-central Armenia. The results of the updated Feasibility Study show an increase in reserves from 102.6 million tonnes to 119.3 million tonnes to incorporate additional measured and indicated resources, ... 
Eldorado Gold Corp is open to discussions on potentially paying higher royalties in Greece as it seeks permits needed to restart work at its stalled Skouries development, chief executive officer George Burns said on Monday. The Canadian miner will also seek a strategic partner to help fund the $680 million remaining development cost for the ... 
In a fierce dispute between mine owners and local people in Armenia, the UK has weighed in – on the side of the international mining company. -In 2018, Armenia underwent its “Velvet Revolution”, which saw a mass protest movement force a kleptocratic regime out of power -Armenia’s revolution has had other effects, such as blockades ... 
Russia’s Alrosa is talking to several global jewellery retailers about jointly marketing the miner’s jewellery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones. Diamond miners, which have long excelled at marketing, are seeking new approaches to battle falling demand and competition from diamonds manufactured in laboratories. ... 
Velocity Minerals Ltd.announces that it has received drill results for an additional 27 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria. Drill results continue to expand the mineralized envelope and drilling continues with drill hole RDD-135 in progress. A third drill rig has been mobilized to site and the drill program is ... 
Eldorado Gold (NYSE: EGO) confirmed on Tuesday that it has recieved installation permits for its Skouries project and its Olympias mine from the Greek Ministry of Energy and Environment. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with delays at Skouries for years. Eldorado halted construction in ...