Polymetal International plc (LON:POLY) has announced that its associate ThreeArc Mining Ltd has completed an initial Mineral Resource estimate in accordance with the JORC Code for the Buranny area of Tomtor niobium and rare-earth metals project. HIGHLIGHTS According to the JORC-compliant statement, Mineral Resources as at 31 December 2019 comprise 13.2 Mt of ore available for open-pit mining at 5.9% Nb2O5+15% ... 
Polymetal International initial mineral resource estimate at Tomtor
Anastasia Bogdanova | September 7, 2020
Polymetal International plc (LON:POLY) has announced that its associate ThreeArc Mining Ltd has completed an initial Mineral Resource estimate in accordance with the JORC Code for the Buranny area of Tomtor niobium and rare-earth metals project. HIGHLIGHTS According to the JORC-compliant statement, Mineral Resources as at 31 December 2019 comprise 13.2 Mt of ore available for open-pit mining at 5.9% Nb2O5+15% ... 
The third season of the competition for junior projects organised by Polymetal has started Polymetal holds a competition for junior exploration companies for the third time. The purpose of the competition is to identify projects of practical interest to the company. “First of all, we are interested in projects to expand the mineral resource base ... 
Author: RMU Banovici. Licence: All rights reserved. SARAJEVO (Bosnia and Herzegovina), August 24 (SeeNews) – Bosnian brown coal mining company Banovici [SAJ:RMUBR] said on Monday it has made a net profit of 1.2 million marka ($727,000/613,500) in the first half of 2020, compared to a 4 million marka loss a year earlier. The company’s operating revenue rose ... 
Russian firm and global energy giant, Uranium One, is closing in on a potential, equity deal and 51 percent off-take agreement with Zimbabwe lithium mine, Arcadia, owner Prospect Resources. The Australia Stock Exchange (ASX) listed junior mine said this week it had appointed Renaissance Capital as the exclusive financial advisor in relation to Arcadia Mine, ... 
Russian gold miner Petropavlovsk appointed four new directors and asked British regulators to look into possible breach of the takeover code by a major shareholder, as it battles to keep control of the company. Shares in the company, which have more than doubled this year, sank 12% by 1200 GMT. The company’s CEO, CFO and ... 
Bosnia’s Banovici invites offers for 2.6 mln euro loan – report Author: RMU Banovici. Licence: All rights reserved. SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) – Bosnian brown coal mining company Banovici [SAJ:RMUBR] has launched a public call for a 5 million marka ($2.9 million/2.6 million euro) loan that it will use to finance purchases of equipment, local media ... 
Lundin Gold Inc. [LUG-TSX, Sweden; FTMNF-OTC] has closed the previously announced bought deal equity offering. A total of 4,772,500 common shares were issued at a price of C$12.05 per share for gross proceeds of approximately C$57.5 million, which includes the exercise, in full, of the underwriter’s over-allotment option of an additional 622,500 shares. The offering was ... 
To react faster to the changes in the energy market, Estonia’s biggest public limited energy company, Eesti Energia, is rationalizing its oil shale mining at the Estonia mine, concentrating it in the mine’s east wing. If mining volumes should change, this will give the company more flexibility in hiring new employees or laying off current ... 
Canada-listed Otso Gold has delayed the July 2020 restart of operations at its namesake mine in Finland, citing the current Covid-19 travel restrictions and physical distancing requirements. The company, which wholly owns the Otso gold mine near the town of Raahe, however, continues to focus on an expedited restart assuming the necessary preparatory work can ... 
Boreal said Burfjord contained more than 30 former mines and prospects, historically mined at 3-5% copper cut-off grades, and the company had pointed to bulk tonnage potential as it reported 32m at 0.56% copper and 0.26g/t gold below historic workings in March 2019. Boreal said Boliden Mineral AB could earn an initial 51% by spending $6 million ... 
One of Britain’s last remaining coalmine operators will put an end to all mining operations from next month because it is clear that coal has “a limited future” in the UK. Durham-based Hargreaves Services, one of the largest remaining operators of surface mines in the UK, told investors on Tuesday that it plans to wind down its ... 
Multinational ASEA Brown Boveri (NYSE: ABB) and Zijin Mining, China’s No.1 gold producer, entered into an agreement to install state-of-the-art, ring-geared mill drives and control systems at the Veliki Krivelj copper mine in Serbia. Located in the southern Bor District, Veliki Krivelj is a surface mining operation with an annual ore processing capacity of 10 ...