A group of gold-mining companies of Kazakhstan raised an overall loan from VTB Bank up to 470 mln Euros

MINEX Forum | December 3, 2019
img0 A group of companies in the gold-mining sector of Kazakhstan (AK Altynalmas JSC, MMC KAZAKHALTYN JSC, Kazakhaltyn Technology LLC, Aksu Technology LLC) raised an overall loan from VTB Bank in the amount of up to 470 million Euros. Within the framework of business development initiatives through the construction of new enterprises and the expansion of ...

Munduro provides third quarter exploration programs update and financial highlights

MINEX Forum | November 26, 2019
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”), announces filing unaudited consolidated financial statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posting on the Company’s website at www.mundoro.com. All amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTS FROM Q3-2019 Financial Update Earn-in parties funded exploration costs totaled $0.7 million ...

Lydian scores small victory for its gold project in Armenia

MINEX Forum | November 20, 2019
img0 Lydian International (TSX:LYD) scored a small victory for its gold project in Armenia after an appeals court rejected a motion to revoke Amulsar’s Environmental Impact Assessment (EIA), approved in April 2016. A small number of citizens alleged that “new ecological factors” had come to light, which justified voiding the evaluation of the proposed mine’s impacts. ...

Eurasia Mining appoints Russian adviser to assist on strategic sales

MINEX Forum | November 12, 2019
img0 Eurasia Mining PLC (LON:EUA) has officially appointed metallurgical expert Alexander Vasilievich Sushchev as an adviser to the board as it looks to leverage some of its mining assets. Sushchev, formerly a manager at palladium colossus Norilsk Nickel, will work with fellow strategic advisor Alexei Churakov and investment banks VTB Capital and CITIC Group. As chief ...

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, ...