The Ukrainian arm of the world’s biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny. “Today, ... ArcelorMittal’s Ukraine mill searched by security service
MINEX Forum | July 23, 2019 The Ukrainian arm of the world’s biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny. “Today, ... 
The world’s top diamond producer by output, Alrosa (MCX:ALRS), reported unearthing a gem-quality rough diamond weighing 63.15 carats from the Zapolyarnaya kimberlite pipe of the Verkhne-Munskoye deposit located in Yakutia. In a press release, Alrosa revealed that the stone has an octahedral shape with small chips on the edges and tops. The diamond is also ... 
Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, became on Friday the first British miner to launch a crowdfunding campaign to finance its hunt for the commodity in the ancient mining region of Cornwall, in south-west England. The company is seeking to raise £1m ... 
Velocity Minerals has signed an option agreement with Gorubso Kardzhali to acquire a 70% interest in the 388ha Momchil property in south-east Bulgaria. This property also includes the Obichnik gold deposit, which is a geological resource located in southeast Bulgaria. It is approximately 25km by road from Gorubso’s modern CIL processing plant. Under the option ... 
Sandfire announced that it had increased its holdings of Adriatic Metals, a UK-based junior focused on a lead-zinc project in Bosnia and Herzegovina. Over the past five months Sandfire spent $5.3 million and purchased 5.2 million shares giving it a 11% interest in Adriatic. Sandfire Resources is a mid-tier Australian mining and exploration company, which ... 
Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher. Outotec shares were up 19%, and Metso’s were up 5% in early afternoon trading on the Helsinki bourse. “The strategic plan for the merger is straightforward in our view, creating ... 
The gold mining industry is set for a “wave of mergers and acquisitions” as smaller miners seek to consolidate to capitalise on higher prices, according to Polyus. “The space is clearly open to M&A,” said Mikhail Stiskin, chief financial officer of Russia’s largest gold miner. The world’s largest gold companies have been busy acquiring rivals ... 
Rosia Montană Gold Corporation (RMGC), the developer of the gold mining project at Roşia Montană, in western Romania, obtained from the country’s mineral resources agency ANRM an addendum to the concession license for the gold exploitation. The document extends the validity of the license for another five years and increases the fee charged by the ... 
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 ... 
Switzerland’s Metalor, one of the world’s biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain. Informal methods of gold production, known as “artisanal” or small-scale mining, have grown rapidly in recent years as demand for gold has ... 
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 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 ...