ArcelorMittal’s Ukraine mill searched by security service

MINEX Forum | July 23, 2019
img0 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, ...

Velocity Minerals to acquire 70% stake in Bulgaria’s Obichnik gold project

MINEX Forum | July 8, 2019
img0 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 ...

Metso Minerals merges with rival Outotec

MINEX Forum | July 5, 2019
img0 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 ...

Romania renews license for controversial gold mining projects, sets higher royalties

MINEX Forum | June 27, 2019
img0 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 ...

‘Lithium for the UK’ study to be launched

MINEX Forum | June 21, 2019
img0 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 ...

Bosnia’s Aluminij seeking strategic partner, says talking to Glencore

MINEX Forum | June 18, 2019
img0 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: Notice of Annual General Meeting & Dividend Timetable

MINEX Forum | June 14, 2019
img0 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 ...