China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million

MINEX Forum | November 5, 2019
img0 Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it ...

Bosnian base metals play on the rise for Adriatic

MINEX Forum | October 28, 2019
img0 Perth-listed European base metals development company, Adriatic Metals, is heading confidently towards the tabling of a scoping study for the amazingly well mineralised Vareš multi-metal project in Bosnia next year, after positive met work was returned from the company’s two defined deposits last month. Adriatic recently released a maiden mineral resource for the high-grade Rupice ...

Greece Examines Higher Royalties with Investor Eldorado Gold

MINEX Forum | September 24, 2019
img0 Pushing forward a repeatedly delayed mining project in northern Greece, which will bring in much-needed revenue and create jobs, the Greek government is in talks with Canadian mining company Eldorado Gold to secure higher royalties. Speaking to Reuters earlier this month, Energy Minister Kostis Hatzidakis said the government was aiming to “send a business-friendly message” ...

Lydian Announces a Revised 43-101 Feasibility Study for the Amulsar Project

MINEX Forum | September 18, 2019
img0 Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) is pleased to announce the results of an updated 43-101 Feasibility Study for its 100%-owned Amulsar Project in south-central Armenia. The results of the updated Feasibility Study show an increase in reserves from 102.6 million tonnes to 119.3 million tonnes to incorporate additional measured and indicated resources, ...

Alrosa seeks to brighten up its fluorescent diamond sales

MINEX Forum | September 11, 2019
img0 Russia’s Alrosa is talking to several global jewellery retailers about jointly marketing the miner’s jewellery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones. Diamond miners, which have long excelled at marketing, are seeking new approaches to battle falling demand and competition from diamonds manufactured in laboratories. ...

Velocity Announces Positive Gold Resource Expansion Drill Results at Rozino Bulgaria

MINEX Forum | September 9, 2019
img0 Velocity Minerals Ltd.announces that it has received drill results for an additional 27 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria. Drill results continue to expand the mineralized envelope and drilling continues with drill hole RDD-135 in progress. A third drill rig has been mobilized to site and the drill program is ...

Greece grants Eldorado permits for gold mine

MINEX Forum | September 5, 2019
img0 Eldorado Gold (NYSE: EGO) confirmed on Tuesday that it has recieved installation permits for its Skouries project and its Olympias mine from the Greek Ministry of Energy and Environment. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with delays at Skouries for years. Eldorado halted construction in ...