Savannah Resources to take full control of lithium mine in Portugal

MINEX Forum | April 16, 2019
img0 Multi-commodity developer Savannah Resources (AIM:SAV) will become the sole owner of Mina do Barroso lithium project in Portugal through an all-share offer worth $11.9 million. The London, England-based company, which already owns 75% of the asset, said full ownership would “provide greater exposure” for its shareholders to the project as it’s developed and commercialized. Mina ...

Raiden to launch drilling programme at copper-gold licence in Serbia in Q2

MINEX Forum | April 16, 2019
img0 Australian mining group Raiden Resources said it plans to launch a diamond drilling programme at its Donje Nevlje copper-gold project in southern Serbia in the second quarter of 2019. The 1,500-metre diamond drilling programme aims to evaluate porphyry and epithermal mineralisation prospects and will be based on the modelling of the induced polarization (IP) data ...

Highland Gold targeting higher production in 2019

MINEX Forum | April 15, 2019
img0 Russian gold miner Highland Gold on Friday posted profit of $56.08-million for 2018, compared with $65.86-million in 2017, as its revenue declined on a slight dip in production. The mining company generated $311.15-million in revenue, compared with $316.68-million, while earnings before interest, taxes, depreciation and amortisation came to $153.06-million, from $155.28-million in 2017. Total production ...

Mundoro Announces Completion of Initial Target Testing Drill Program on Freeport-Mundoro Projects in Timok Serbia

MINEX Forum | April 9, 2019
img0 Mundoro Capital Inc. (TSXV: MUN) (www.mundoro.com)(“Mundoro” or the “Company“) is pleased to announce the completion of the initial target testing drill program at the Savinac and Bacevica exploration licenses (the “Freeport-Mundoro Projects“) in the Timok Magmatic Complex (“Timok“) in eastern Serbia. The exploration programs on the Freeport-Mundoro Projects are sole funded by Freeport-McMoRan Exploration Corporation (“Freeport“) as ...

Controlling shareholder of Russia’s Polyus selling a 3.5% stake via ABB

MINEX Forum | April 9, 2019
img0 The controlling shareholder of Polyus, Russia’s largest gold producer, said on Wednesday it would sell a 3.5 percent stake in the company via an accelerated bookbuilding (ABB). The controlling shareholder is Polyus Gold International Ltd (PGIL), owned by Said Kerimov, son of Russian tycoon Suleiman Kerimov. PGIL, which currently owns 82.4 percent of Polyus, plans ...

Mundoro announces completing the third year exploration program on the JOGMEC-Mundoro JV project

MINEX Forum | March 26, 2019
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”)  is pleased to announce completion of the third year exploration program with Japan Oil, Gas and Metals National Corporation (“JOGMEC”), on the Borsko Jezero license (“Borsko”) located within the Timok Magmatic Complex (“Timok”) in eastern Serbia.  This exploration program is the third year of the ...

Abramovich trims Nornickel stake in $551m share sale

MINEX Forum | March 14, 2019
img0 Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal’s arranger VTB Capital said. The shares, accounting for a 1.7 percent stake in the world’s largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a ...