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 ... Velocity Enters into Option Agreement for the Makedontsi Gold Project, Southeast Bulgaria
MINEX Forum | June 3, 2019 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 ... 
The tension due to the opening of the Ilovica-Štuka mine still does not settle. In the public, the media, on the spot and in the cabinet, there are still two opposing stands in relation to the mine. First party, the opponents of the mines, announce guerrilla actions and permanently warm up the atmosphere through campaigns ... 
ArcelorMittal fell the most in two years after announcing that it’s further cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It’s the second time this month ArcelorMittal has announced ... 
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 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 ... 
Volkswagen AG is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one of its supply deals, with Samsung SDI Co. Ltd., might unravel, according to people familiar with the matter. Samsung initially agreed to deliver batteries for just over 20 gigawatt hours, enough to power 200,000 cars with ... 
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, 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 ... 
British Steel, the country’s second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain’s Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main ... 
British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of ... 
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 ... 
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 ...