Velocity Enters into Option Agreement for the Makedontsi Gold Project, Southeast Bulgaria

MINEX Forum | June 3, 2019
img0 Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has entered into an option agreement (the “Agreement”) with Bulgarian partner, Gorubso Kardzhali A.D., (“Gorubso”) to acquire a 70% interest in the 194-hectare Nadezhda property (the “Property”), which includes the Makedontsi gold project (“Makedontsi” or the “Project”); a geological resource registered on the ...

Sardich MC seeks €350mn for termination of mining contract in North Macedonia

MINEX Forum | May 30, 2019
img0 US law firm White & Case will represent North Macedonia in the arbitration case launched by British-Ukrainian company Sardich MC against the government in Skopje after the authorities terminated the concession agreement for the Kazandol mining project, local media reported. The North Macedonia’s Social Democrat government unilaterally annulled the concession deal with Sardich MC on ...

Euromax Satisfies Requirements for Continued TSX Listing

MINEX Forum | May 30, 2019
img0 Euromax Resources Ltd.,  May 28, 2019 (TSX: EOX) (Euromax or the Company), is pleased to announce that the Continued Listing Committee of Toronto Stock Exchange (“TSX”) has determined that the Company satisfies the TSX’s requirements for continued listing. This completes the listing review initiated in connection with Euromax’s recently completed private placement financing and related transactions, as described ...

New exploration JV with a junior in Chukotka

MINEX Forum | May 29, 2019
img0 Polymetal formed a partnership with a company associated with Mineral Exploration Network (Finland) Ltd (“MEN”) for early-stage exploration in the Chaunsk region of Chukotka, Russia. “Our strategy of working with junior explorers is gaining momentum”, said Vitaly Nesis, Group CEO of Polymetal. “MEN has extensive and varied experience in using advanced state-of-the-art methods of prospecting ...

Aurubis buys recycler Metallo in move beyond copper

MINEX Forum | May 23, 2019
img0 Aurubis, Europe’s biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals. “Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials ...

UK Mineco Group satisfied with implementation of plans in Serbia and Bosnia and Herzegovina mining operations

MINEX Forum | May 22, 2019
img0 Mineco Group, one of the largest international mining investors in the Western Balkans, is successfully realizing its ambitious long-term and mid-term plans, continuing with positive business results, increasing the number of its staff and carrying out development projects. In the past year, the Mineco Group continued to work on improving existing production capacities, including its ...

Poland’s KGHM hits production record, expects Sierra Gorda to exceed target

MINEX Forum | May 20, 2019
img0 Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks to improved production at its European and North American operations. The state-controlled company, which has been criticized for the steep investment allocated to developing the Sierra Gorda copper mine in Chile ($5.2B and counting), churned ...