First-step analysis: mining in Sweden

MINEX Forum | June 11, 2020
img0 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 ...

Chaarat Gold advances plans for Kyzyltash deposit in the Kyrgyz Republic

MINEX Forum | June 10, 2020
img0 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 ...

Zijin starts building $65 mln electrolytic copper refining plant in Serbia

MINEX Forum | June 2, 2020
img0 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 ...

Adriatic secures key environmental permit in Bosnia

MINEX Forum | May 26, 2020
img0 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 ...

Chaarat Gold boosts production by 12%

MINEX Forum | May 22, 2020
img0 Chaarat reported production of 12,992oz of gold equivalent in the March quarter of 2020, compared to 11,402oz in the Decemer quarter, with the All-in-Sustaining Cost (AISC) falling to US$1,074/oz from US$1,242/oz. There was an improvement in throughput and grades to 178,144t at a feed grade of 2.86g/t, from 176,922t at a feed grade of 2.61g/t in ...

Mundoro Capital’s strategic mining project locations in Serbia and Bulgaria, disciplined capital

MINEX Forum | May 19, 2020
img0 Mundoro Capital Inc. is a Canadian-based junior mining company that is utilizing the proven partner model to boost mining exploration in Serbia and Bulgaria’s Tethyan belt and is focused on investing in base metal and precious metal projects in the western portion of the Tethyan belt in Bulgaria and Serbia. The company focuses on copper ...

Atalaya’s Proyecto Riotinto enviro permit confirmed

MINEX Forum | May 8, 2020
img0 Copper miner Atalaya Mining says the regional authorities of the Junta de Andalucía have validated the environmental permits for Proyecto Riotinto, ending a legal process that started a year-and-a-half ago. In September 2018, the Tribunal Superior de Justicia de Andalucía ruled in favour of an environmental group against the government of Andalucía (JdA). Atalaya was ...

Alrosa halts diamond mining at two assets

MINEX Forum | May 6, 2020
img0 Russia’s Alrosa (MCX: ALRS), the world’s top diamond producer by output, is temporarily suspending production at two assets as demand and sales for diamonds continues to drop. Major consumers, including China and the United States, are struggling with economic headwinds caused by the global covid-19 pandemic. Extended lockdowns affecting key players in the supply chain, including polishers ...

Kinross doubles net earnings in Q1

MINEX Forum | May 6, 2020
img0 Kinross (TSX: K, NYSE: KGC) reported on Tuesday that net earnings almost doubled to $122.7 million, or $0.10 per share, for Q1 2020, compared with net earnings of $64.7 million, or $0.05 per share, in Q1 2019. The Toronto-based gold miner said the increase was mainly due to higher margins, which outpaced the increase in average ...