‘Lithium for the UK’ study to be launched

MINEX Forum | June 21, 2019
img0 The UK government will fund a study to assess the feasibility of developing a British lithium supply. A consortium comprising the Natural History Museum, explorer Cornish Lithium and mining consultancy firm Wardell Armstrong. The ‘Lithium for the UK’ project aims to help meet the increase in demand for the battery metal expected from the transition to ...

Bosnia’s Aluminij seeking strategic partner, says talking to Glencore

MINEX Forum | June 18, 2019
img0 Bosnia’s aluminium smelter Aluminij Mostar is seeking a strategic partner to avoid bankruptcy and a consortium led by London-listed miner and commodity trader Glencore has shown interest, its general manager said on Monday. Aluminij, based in Bosnia’s southern town of Mostar and one of the Balkan country’s biggest exporters, has been in trouble for years over ...

Trans-Siberian Gold: Notice of Annual General Meeting & Dividend Timetable

MINEX Forum | June 14, 2019
img0 Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces the publication of its Notice of Annual General Meeting and confirms details of the timetable for payment of the proposed final dividend for the financial year ended 31 December 2018. The Company’s Annual General Meeting will be held at 11.00 a.m. (UK time) on ...

Velocity gains another Bulgaria gold option

MINEX Forum | June 13, 2019
img0 Canadian exploration and development company Velocity Minerals has signed an option agreement with Bulgaria’s Gorubso Kardzhali to acquire 70% of the 388-hectare Momchil property in southeast Bulgaria, which includes the Obichnik gold project. Under terms of the agreement, Velocity needs to deliver a NI 43-101 resource estimate to earn its stake. Velocity said the deposit ...

Norway fund may have to offload $1bn stake in Glencore in shift away from coal

MINEX Forum | June 13, 2019
img0 Norway’s $1-trillion sovereign wealth fund may have to sell its $1-billion stake in commodities giant Glencore, among other companies that derive more than 30% of their revenue from coal, to meet proposed tighter ethical investing rules. Under the centre-right government’s plan, expected to be adopted by Norway’s parliament on Wednesday, the world’s largest fund would ...

Kincora Closes Oversubscribed Offering

MINEX Forum | June 13, 2019
img0 Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce that further to the news release of May 7, 2019 detailing a private placement of units (the “Units”) at $0.10 to raise proceeds of up to $6,000,000 (the “Offering”), the Offering has closed and was oversubscribed with total subscriptions of $6,251,500. Proceeds from the Offering will accelerate ...

ZYFRA and First Ore-Mining to deploy AI solutions for mining in extreme north

MINEX Forum | June 13, 2019
img0 First Ore-Mining Company, a part of mining division of Rosatom State Atomic Energy Corporation, and ZYFRA, Finnish-Russian digital solutions provider for heavy industries, have signed a Memorandum of Understanding (MoU) on co-operation in deploying AI-based solutions in mining and enrichment operations at the Pavlovskoe deposit, where there are plans to build the most northerly ore-mining ...

CEO of Armenia-focused Lydian resigns

MINEX Forum | June 10, 2019
img0 The CEO of gold developer Lydian International, Joao Carrelo, has resigned and will step down on June 12, as part of a restructuring programme for the company’s whose ability to continue as a going concern is dependent on a resolution with disputes in Armenia. Carrelo would continue to assist Lydian on a consulting basis going ...

Mechel and BELAZ sign dump truck deal

MINEX Forum | June 7, 2019
img0 Mechel PAO, a leading Russian mining and metals company, reports signing an agreement with CTP BELAZ-24 OOO for 15 dump trucks with a total value of approximately 2 billion rubles. The deal was signed on the sidelines of the international specialized mining technologies exposition ‘Russian Coal and Mining’ held in Novokuznetsk. The new trucks with ...