Zijin to invest 200 mln euro in revamping Serbia’s Bor copper mine/smelter

MINEX Forum | November 21, 2019
img0 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 ...

New Innovation Test Center in Örebro, Sweden will create opportunities for exploration drilling

MINEX Forum | November 7, 2019
img0 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 to invest €25m Kosovo nickel producer

MINEX Forum | September 9, 2019
img0 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 seeks to kickstart stalled Eldorado gold mine investment

MINEX Forum | July 24, 2019
img0 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 ...

Vast raises £600 000 for Romania, Zim projects

MINEX Forum | April 15, 2019
img0 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. ...

Investment into Kazakh geology and subsoil use industry to be heavily incentivised, says minister

MINEX Forum | November 15, 2018
img0 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 ...