Polymetal International initial mineral resource estimate at Tomtor

Anastasia Bogdanova | September 7, 2020
img0 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 Announces The Third Season Of The Competition For Junior Projects

Anastasia Bogdanova | August 27, 2020
img0 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 ...

Bosnia’s Banovici coal mining co swings to net profit in H1

Anastasia Bogdanova | August 25, 2020
img0 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 ...

Bosnia’s Banovici invites offers for 2.6 mln euro loan – report

MINEX Forum | June 18, 2020
img0 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 closes $57.5 million financing

MINEX Forum | June 16, 2020
img0 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 ...

Boliden to earn into Boreal project in Norway

MINEX Forum | June 12, 2020
img0 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 ...

ABB, Zijin to work together at copper mine in Serbia

MINEX Forum | June 12, 2020
img0 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 ...