Dundee Precious Metals Announces Investment in Velocity Minerals Ltd.

Anastasia Bogdanova | November 17, 2020
img0 TORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced that it has entered into an investment agreement (the “Agreement”) with Velocity Minerals Ltd. (TSXV: VLC) (“Velocity”) to invest up to C$7 million in Velocity on a private placement basis. DPM is expected to purchase up to 14 million common shares ...

Russia energy titan En+ Group enters digital currency mining sector

MINEX Forum | November 16, 2020
img0 Moscow-based En+ Group (LSE: ENPL | MCX: ENPG) announced a move into the digital currency mining space through a joint venture with mining farm operator BitRiver. The joint venture called Bit+ is a first for the London Stock Exchange-listed company, better known for being the world’s largest independent hydropower generator and aluminum producers. En+ holds an 80% stake in ...

Norilsk Nickel board recommends 9-month 2020 dividend of $1.24bn

MINEX Forum | November 5, 2020
img0 The board of Russia’s Norilsk Nickel on Tuesday recommended a nine-month dividend of 98.64 billion roubles ($1.24 billion), at 623.35 roubles per share, down sharply fall from 2019. The company’s biggest shareholder Vladimir Potanin told Reuters last week that Norilsk Nickel should keep its dividends to a minimum this year, as it contends with the coronavirus crisis ...

Polymetal first to secure green loan among Russian metals, mining peers

Anastasia Bogdanova | November 5, 2020
img0 London — Russia’s second-largest gold producer, Polymetal, has become the first company in the country’s metals and mining sector to secure a Green Loan finance facility, which it will allocate to projects designed to ensure lower emissions, more responsible waste management, and efficient use of resources. Polymetal has agreed to the $125 million Green Loan with ...

Polymetal International initial mineral resource estimate at Tomtor

Anastasia Bogdanova | September 7, 2020
img0 Polymetal International plc (LON:POLY) has announced that its associate ThreeArc Mining Ltd has completed an initial Mineral Resource estimate in accordance with the JORC Code for the Buranny area of Tomtor niobium and rare-earth metals project. HIGHLIGHTS According to the JORC-compliant statement, Mineral Resources as at 31 December 2019 comprise 13.2 Mt of ore available for open-pit mining at 5.9% Nb2O5+15% ...

Polymetal Announces The Third Season Of The Competition For Junior Projects

Anastasia Bogdanova | August 27, 2020
img0 The third season of the competition for junior projects organised by Polymetal has started Polymetal holds a competition for junior exploration companies for the third time. The purpose of the competition is to identify projects of practical interest to the company. “First of all, we are interested in projects to expand the mineral resource base ...

Bosnia’s Banovici coal mining co swings to net profit in H1

Anastasia Bogdanova | August 25, 2020
img0 Author: RMU Banovici. Licence: All rights reserved. SARAJEVO (Bosnia and Herzegovina), August 24 (SeeNews) – Bosnian brown coal mining company Banovici [SAJ:RMUBR] said on Monday it has made a net profit of 1.2 million marka ($727,000/613,500) in the first half of 2020, compared to a 4 million marka loss a year earlier. The company’s operating revenue rose ...

Bosnia’s Banovici invites offers for 2.6 mln euro loan – report

MINEX Forum | June 18, 2020
img0 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 closes $57.5 million financing

MINEX Forum | June 16, 2020
img0 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 ...