Russian gold miner Petropavlovsk appointed four new directors and asked British regulators to look into possible breach of the takeover code by a major shareholder, as it battles to keep control of the company. Shares in the company, which have more than doubled this year, sank 12% by 1200 GMT. The company’s CEO, CFO and ... Petropavlovsk moves to defend itself with interim board
MINEX Forum | July 2, 2020
Russian gold miner Petropavlovsk appointed four new directors and asked British regulators to look into possible breach of the takeover code by a major shareholder, as it battles to keep control of the company. Shares in the company, which have more than doubled this year, sank 12% by 1200 GMT. The company’s CEO, CFO and ... 
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 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 ... 
To react faster to the changes in the energy market, Estonia’s biggest public limited energy company, Eesti Energia, is rationalizing its oil shale mining at the Estonia mine, concentrating it in the mine’s east wing. If mining volumes should change, this will give the company more flexibility in hiring new employees or laying off current ... 
Canada-listed Otso Gold has delayed the July 2020 restart of operations at its namesake mine in Finland, citing the current Covid-19 travel restrictions and physical distancing requirements. The company, which wholly owns the Otso gold mine near the town of Raahe, however, continues to focus on an expedited restart assuming the necessary preparatory work can ... 
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 ... 
One of Britain’s last remaining coalmine operators will put an end to all mining operations from next month because it is clear that coal has “a limited future” in the UK. Durham-based Hargreaves Services, one of the largest remaining operators of surface mines in the UK, told investors on Tuesday that it plans to wind down its ... 
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 ... 
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 ... 
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 ... 
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 ... 
ASX-listed Adriatic Metals can now move on to the urban planning permit phase of the exploitation approvals process for its Veovaca precious and base metals deposit after Bosnia’s Federal Government signed off on the environmental permit, removing a key hurdle on the pathway to production for the company. The permit covers the Veovaca mine, plant ...