European Metals secures offer from Krupa to acquire Cinovec project

MINEX Forum | January 23, 2019
img0 Western Australia-based European Metals received an offer from Krupa Global Investments to purchase the Cinovec lithium deposit, which is located northwest of Prague. Cinovec is the largest lithium deposit in Europe. According to the firm, it did not give consideration to this indicative offer because the letter from Krupa Global Investments did not detail price, ...

Trans-Siberian Gold plc – Trading Update

MINEX Forum | January 11, 2019
img0 Trans-SiberianGold plc (TSG.LN) provides the following trading update. Highlights: · Upper end of FY18 gold production expected to be exceeded · Improved gold grades inQ4 (Q3 2018: average gold grade of 7.8 g/t) · Electricity supply contract expected to substantially reduce power costs in 2019 · Continuing construction of underground water pumping facilities Operational performance ...

China’s Zijin Mining to raise US$1.2 billion through share issue to fund takeover of Nevsun Resources

MINEX Forum | January 11, 2019
img0 Zijin Mining Group, China’s largest gold miner, said it plans to issue 8 billion yuan (US$1.16 billion) worth of shares in Shanghai to finance the purchase of a Canadian mining company, the biggest overseas acquisition since the company went public in Hong Kong in 2003. The miner said in a Hong Kong filing Tuesday filing ...

Chaarat returns to Aim

MINEX Forum | December 19, 2018
img0 Chaarat Gold’s share price fell sharply following its readmission to London’s Aim market on Friday, after an eight-month suspension under the exchange’s reverse takeover rules. The company’s ordinary shares resumed trading at 11:30 London time, and fell 16% to 20.25p a share just before midday. Since its suspension on April 24, Chaarat has been transformed ...

Strongbow Extends Amended Share Purchase Agreement and Date for AIM Listing

MINEX Forum | December 14, 2018
img0 Strongbow Extends Amended Share Purchase Agreement and Date for AIM Listing Strongbow Exploration Inc. is pleased to announce that the requirement for the listing on the AIM – London Stock Exchange under the amended Share Purchase Agreement  with Galena Special Situations Master Fund Limited  and Tin Shield Production Inc regarding the South Crofty tin project, ...

Vorkutaugol wins international environmental award

MINEX Forum | December 11, 2018
img0 AO Vorkutaugol, one of the largest coal mining companies in Russia and a subsidiary of PAO Severstal, has won a First Class Diploma in the “Ecology and Human Health” category of the EcoWorld international environmental award. Enterprises and representatives from the scientific communities of 16 countries participated in this year’s competition. Vorkutaugol was awarded the ...

Sandvik in strategic partnership with Russian coking coal miner Kolmar

MINEX Forum | December 5, 2018
img0 Sandvik Mining and Rock Technology has secured a strategic partnership agreement with Kolmar. Located in the Neryungri District for the Republic of Sakha, the Russian coking coal miner and processor is a major contributor to infrastructure development in the region, and is currently engaged in the largest investment projects in the Far Eastern Federal District. ...

Lundin refines three-year production outlook

MINEX Forum | December 4, 2018
img0 Canadian base metals miner Lundin Mining has updated its guidance for 2019 to 2021, announcing an increase to its three-year production outlook for copper, owing to a refinement to the guidance of Candelaria, in Chile, and an expected early completion of Eagle East, in the US. The group’s 2019 copper guidance is to produce between ...