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. ... Vast raises £600 000 for Romania, Zim projects
MINEX Forum | April 15, 2019 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, ... 
The geology and subsoil use industry is a significant contributor to Kazakhstan’s economy, accounting for approximately 50 percent of investment inflow, and is undergoing major reform, said Kazakh Minister for Investments and Development Zhenis Kassymbek at a Nov. 13 government meeting. The recently adopted and implemented code on subsoil and subsoil use corresponds to international ... 
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin. Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last ... 
ANKARA President Recep Tayyip Erdogan announced Monday a new set of economic incentives to encourage more investment in the country. “The system will provide incentives to firms in several areas including health, defense, automotive, and mining and metal sectors,” Erdogan told a meeting in the capital Ankara. He said the new set of incentives worth 135 ... 
Sberbank CIB, an arm of Russia’s largest lender, plans to more than double its gold sales to India this year and sell more gold than forecast to China, while keeping gold purchases in Russia flat, its head of global markets said. Purchases for sales to countries such as China and India go through the bank’s ... 
Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ... 
British mining company Vast Resources has received the first tranche of USD 4 million of the financing agreed with commodities trader Mercuria Energy Trading. Vast Resources will use USD 1.6 million to return part of the loan it got last year from Sub-Sahara Goldia Investments (SSGI). The rest of the grant will be totally invested ... 
Understanding how Kazakhstan Potash Corporation Limited (ASX:KPC) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense check to gain perspective on how Kazakhstan Potash is doing by comparing its latest earnings with its long-term trend as well as the performance of ... 
Photo: Anti-graft authorities in Mongolia are investigating the country’s 2009 investment pact with Rio Tinto that kickstarted the company’s Oyu Tolgoi copper-gold project. (Image courtesy of Oyu Tolgoi LLC) Switzerland’s highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who ... 
Great Dyke Investments (GDI) said on Thursday it would invest around $400-million to build a precious metals mine and smelter in Zimbabwe, as the country opens up to international business. The joint venture between Russia’s Afromet and Zimbabwe’s Pen East expects to produce up to 855 000 oz (27 t) of platinum group metals and gold per year from the Darwendale PGM project. Its deposit, ... 
Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTERS/Yuri Gripas Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on ...