AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country. The Bank invested money into key infrastructure projects and expanded its operations by opening a ... 
EBRD marks record in Uzbekistan in 2019 with $576 million in 13 investment projects
Anastasia Bogdanova | January 17, 2020 AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country. The Bank invested money into key infrastructure projects and expanded its operations by opening a ... 
China’s Zijin Mining Group plans to invest 200 million euro ($221 million) in revamping and expanding the current capacities of Serbian copper mining and smelting complex Bor which it controls, local media reported. Zijin is currently drafting a project for the planned overhaul and for the planned expansion of the smelter’s annual capacity of 80,000 ... 
Innovation project I-EDDA-TC will establish a leading test center for drilling and drilling-related equipment to foster innovation in mineral exploration This month, a new Innovation Test Center is set to start drilling to be used for mineral exploration testing in Örebro, Sweden. The Innovation Center will offer testing opportunities for different types of exploration drilling ... 
EBRD support for a mining investment in southwestern Mongolia will create jobs and ensure the highest possible environmental standards at the Khundii Gold project in the Bayankhongor region of the country. The Bank is providing a US$ 5 million convertible loan to the Erdene Resource Development Corporation of Canada, a company that is listed on ... 
Polymetal, one of Russia’s largest gold and silver producers, is in talks with European banks on “green” project financing, CEO Vitaly Nesis told Reuters on Thursday, adding that a deal could be reached in the second half of 2020. The agreement may involve four of Polymetal’s projects such as the construction of a solar power ... 
Mining is vital. A real business, real profits Most people would crack open the champagne on the news their company has broken back into the FTSE 100. Or in Vitaly Nesis’ case, perhaps a little vodka. Not so, says the chief executive of Russian gold miner Polymetal. “I don’t think there’s any novelty left. It’s ... 
The European Bank for Reconstruction and Development said it will provide €25-million to Kosovo’s sole ferro-nickel producer Newco Ferronikeli to improve environmental standards and energy efficiency. The company which is the largest of Kosovo’s exporters was bought by Albania’s Balfin Group last year in what was seen as a rescue deal aimed to restore production ... 
Greece’s recently-elected government wants a stalled gold mine investment by Canada’s Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years. Its planned investment in Greece ... 
Norway’s $1 trillion wealth fund has made a U-turn while on its way out of investments linked to fossil fuels, some big corporations with claims of human rights abuses against them, and a broad range of emerging-market bonds, by revoking a decision approved earlier this month by the country’s parliament. Most of the exclusions withdrawn ... 
Eurasia Mining continues to build on its extensive in-country expertise. Eurasia aims to become one of the largest alluvial operators globally Eurasia Mining plc (LON: EUA) has lodged an application for a new exploration license area, Tipil, with the relevant authorities in Russia. Tipil is adjacent to West Kytlim, where Eurasia has been mining for platinum ... 
Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece. The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million shares were taken up by directors Roy Tucker and Andrew Prelea, respectively. ... 
Following the World Bank’s recent statement that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project. In an e-mailed statement responding to an enquiry from the Institute for Energy Economics and Financial Analysis, ...