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 ...

First-step analysis: mining in Sweden

MINEX Forum | June 11, 2020
img0 Standing What is the nature and importance of the mining industry in your country? Mining has been of great importance in Sweden throughout modern history, and ore production has been rising significantly in recent years. There are currently about 100 companies with exploration permits active in the search for minerals, and the mining sector in ...

Chaarat Gold advances plans for Kyzyltash deposit in the Kyrgyz Republic

MINEX Forum | June 10, 2020
img0 Mining group Chaarat Gold said it was planning for production to commence from its Kyzyltash deposit in the Kyrgyz Republic from 2026, following construction in 2024 and 2025. The company said a preliminary metallurgical assessment for the project had been completed by John Marsden of US-baased metallurgical consulting company Metallurgium. The study anticipated potential gold ...

Zijin starts building $65 mln electrolytic copper refining plant in Serbia

MINEX Forum | June 2, 2020
img0 BELGRADE (Serbia), June 2 (SeeNews) – Zijin Bor Copper, the Serbian unit of China’s Zijin Mining Group, has launched a $65 million (58.1 million) project for the construction of an electrolytic copper refining plant, a company official said. The construction of the plant, which will have a capacity to process 200,000 tonnes of copper cathode per year, started on May ...