The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company. The report paves the way for the company to move forward developing the controversial mine, illegally blocked since June last year by locals and environmental activists. Opponents to ... Armenia clears Lydian to go ahead with Amulsar gold project
MINEX Forum | August 16, 2019 The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company. The report paves the way for the company to move forward developing the controversial mine, illegally blocked since June last year by locals and environmental activists. Opponents to ... 
Trans-Siberian Gold (LON:TSG) shares have continued recent momentum with a 37% gain in the last month alone. That’s tops off a massive gain of 226% in the last year. Assuming no other changes, a sharply higher share price makes a stock less attractive to potential buyers. While the market sentiment towards a stock is very changeable, ... 
Mining tycoons try to stall UK graft charges with court claim Kazakh mining company Eurasian Natural Resources Corp. has asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation. ENRC, once listed on the FTSE 100 Index, asked London’s High Court in a filing this month to force ... 
Eurasia Mining PLC on Tuesday said good progress is being made at the Monchetundra mine, including the recent award of a construction contract. Chinese firm Sinosteel has been awarded the engineering, procurement, and construction deal, with Eurasia currently working to get the project into production after the granting of a mining licence. Sinosteel is to ... 
Rio Tinto-controlled Turquoise Hill Resources said an impairment charge at the cash-generating unit of its Oyu Tolgoi copper mine in Mongolia led to the company missing estimates for second-quarter profit on Wednesday. Turquoise Hill, which owns 66% of the mine, reported a loss of $736.7 million, or 22 cents a share, in the three months ... 
CEO George Burns has met with representatives of the newly elected Greek government in a bid to kickstart Eldorado’s stalled Skouries gold mine. Based in Vancouver, Eldorado is a mid-tier gold and base metals producer with an international portfolio that includes mining, development and exploration projects in Turkey, Canada, Greece, Romania, Serbia and Brazil. Key ... 
The Ukrainian arm of the world’s biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny. “Today, ... 
The world’s top diamond producer by output, Alrosa (MCX:ALRS), reported unearthing a gem-quality rough diamond weighing 63.15 carats from the Zapolyarnaya kimberlite pipe of the Verkhne-Munskoye deposit located in Yakutia. In a press release, Alrosa revealed that the stone has an octahedral shape with small chips on the edges and tops. The diamond is also ... 
Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, became on Friday the first British miner to launch a crowdfunding campaign to finance its hunt for the commodity in the ancient mining region of Cornwall, in south-west England. The company is seeking to raise £1m ... 
Velocity Minerals has signed an option agreement with Gorubso Kardzhali to acquire a 70% interest in the 388ha Momchil property in south-east Bulgaria. This property also includes the Obichnik gold deposit, which is a geological resource located in southeast Bulgaria. It is approximately 25km by road from Gorubso’s modern CIL processing plant. Under the option ... 
Sandfire announced that it had increased its holdings of Adriatic Metals, a UK-based junior focused on a lead-zinc project in Bosnia and Herzegovina. Over the past five months Sandfire spent $5.3 million and purchased 5.2 million shares giving it a 11% interest in Adriatic. Sandfire Resources is a mid-tier Australian mining and exploration company, which ... 
Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher. Outotec shares were up 19%, and Metso’s were up 5% in early afternoon trading on the Helsinki bourse. “The strategic plan for the merger is straightforward in our view, creating ...