Mining Weekly: Alrosa considers going underground at Jubilee

Anastasia Bogdanova | March 3, 2020
img0 Russian miner Alrosa’s investment committee has approved financing for preliminary engineering studies at the Jubilee diamond mine, to provide up-to-date information to decide on the construction of an underground mine. The Jubilee pipe of the Aikhal division is currently being mined by openpit methods. In 2019, the company considered technical specifications and decided to start ...

Lucara finds unbroken 549-carat diamond, fourth-largest mined at Karowe

Anastasia Bogdanova | February 7, 2020
img0 The stone was found a Karowe, one of the world’s most prolific sources of large, high value type IIA diamonds. (Image courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX:LUC) has found an unbroken 549-carat white diamond at its prolific Karowe mine in Botswana, the same asset that last year yielded the 1,758-carat Sewelô (“rare find”), the second-largest diamond ever ...

Letters: ‘UK steel industry needs coal so we should help our mining sectors and not Australia’s, US’s or Russia’s’

Anastasia Bogdanova | February 5, 2020
img0 THE director of Banks Mining was on the money in his piece (Echo, Feb 3) where he described the carbon hypocrisy that is rife in the UK today. It is farcical that anti-coal campaigners are actively opposing coal mining in the North-East, which has a far less carbon footprint than the alternative of hauling it ...

Euro Sun’s discoveries near Rovina Valley, Romania

MINEX Forum | November 11, 2019
img0 Euro Sun Mining announced the surface generative exploration results from the Stanija Prospecting Permit directly adjacent to its Rovina Valley Gold project in Romania. Any mineralization defined on the Stanija PP could have synergies for mine development on the Rovina License as envisioned in the NI 43-101 Preliminary Economic Assessment Study released by the Company ...

Euro Sun reports new discoveries near Rovina Valley, shares rise

MINEX Forum | November 5, 2019
img0 Euro Sun Mining (TSX: ESM) has received surface generative exploration results from the Stanija prospecting permit directly adjacent to its Rovina Valley gold project in Romania, the company announced Monday. Four new gold/copper porphyries have been defined by soil sampling. Shares of Euro Sun jumped more than 15% during Monday’s trading session. The Toronto-based miner ...

Mundoro Announces Earn-in Agreement with Vale for Exploration of Four Serbian Timok Licenses

MINEX Forum | October 8, 2019
img0 Mundoro Capital Inc. announces it has entered into an earn-in agreement (“Agreement”) with Vale Canada Limited (“Vale”), in which Mundoro has granted to Vale an option to earn-in to four of Mundoro’s exploration licenses: Sumrakovac, Osnic, Dubrava and Padina (the “Vale-Mundoro Projects”) located within the Timok Magmatic Complex (“Timok”) in Serbia. Timok is one of ...

Eurasia Mining believes flanks area can boost Monchetundra resource ‘severalfold’

MINEX Forum | September 27, 2019
img0 The area between the Loipishnune and West Nittis deposits is also seen as having significant potential. Eurasia Mining PLC – Eurasia Mining believes flanks area might boost Monchetundra resource ‘severalfold’ Eurasia Mining PLC (LON:EUA) has applied to explore another chunk of acreage within the Monchetundra project licence area in Russia. Development of a 2mln ounce ...

A look at the prospects of Raiden Resources in Serbia

MINEX Forum | August 25, 2019
img0 Cooper-gold exploration company, Raiden Resources, operates in Eastern Europe. Its tenements are located in Serbia & Bulgaria, which remains a low cost, mining friendly jurisdiction with relatively underexplored areas.  The company has a market capitalisation of ~A$3.69 million, with approximately 410.43 million shares outstanding. On 20 August 2019, the company released a presentation titled ‘Growth ...

Lydian Provides Responses to Environmental Audit Recommendations

MINEX Forum | August 19, 2019
img0 Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today that it has provided the Special Investigative Committee of the Republic of Armenia with responses to the recommendations contained in the report prepared by Earth Link & Advanced Resources Development on its audit of environmental aspects of the Amulsar Project (the “Audit Report”). Copies ...

Kazakh-British joint venture to explore a series of partially studied reserves in Kazakhstan

MINEX Forum | August 1, 2019
img0 This year the national exploration company Qazgeology JSC and Astra Mining Ltd signed a cooperation agreement to explore a series of partially studied reserves in the upcoming years. Astra Mining Ltd, one of the first companies to be registered at the Astana International Finance Centre, is a Kazakh – British exploration mining company based in ...

Orsu Metals begins drilling as part of 2019 exploration program at Sergeevskoe Gold Project, Russia

MINEX Forum | July 15, 2019
img0 Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce the commencement of the 2019 exploration season at its Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation. Highlights: Drilling, as Stage 1 (3,500 meters of drilling) of the 2019 exploration programme, started at Zone 23 to be continued at Peak Klyuchi, Kozie and Klyuchi ...