Greece grants Eldorado permits for gold mine

MINEX Forum | September 5, 2019
img0 Eldorado Gold (NYSE: EGO) confirmed on Tuesday that it has recieved installation permits for its Skouries project and its Olympias mine from the Greek Ministry of Energy and Environment. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with delays at Skouries for years. Eldorado halted construction in ...

Solway Celebrates the 40th Anniversary of the Bucim Radovish Mine and 15 Years of Operations in North Macedonia

MINEX Forum | September 1, 2019
img0 Solway Investment Group celebrates 15 years of transformation at the Bucim DOO Radovish in North Macedonia. It was 2005 when Solway first invested in Macedonian assets by purchasing Bucim Mine – the only operating copper mine in North Macedonia that was idle and bankrupt. No doubt these were tests of Solway’s ability to take a risk and ...

UK Mineco’s lead zinc mine Rudnik in Serbia, sustainable development since privatization

MINEX Forum | August 27, 2019
img0 If it weren’t for the ancient mining, which taught us modern technologies, there would not be a world of technology today. If, God forbid, we kamarats would stop working, the world would return to its earlier, civilizational or non-civilizational times. Paleolithic, Neolithic …? We, the miners, in the womb of Mount Rudnik, face the historical ...

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 ...

Eldorado Gold gets political boost in Greece

MINEX Forum | July 29, 2019
img0 CEO George Burns has met with representatives of the newly elected Greek government in a bid to kickstart Eldorado’s stalled Skouries gold mine. Based in Vancouver, Eldorado is a mid-tier gold and base metals producer with an international portfolio that includes mining, development and exploration projects in Turkey, Canada, Greece, Romania, Serbia and Brazil. Key ...

Euromax Satisfies Requirements for Continued TSX Listing

MINEX Forum | May 30, 2019
img0 Euromax Resources Ltd.,  May 28, 2019 (TSX: EOX) (Euromax or the Company), is pleased to announce that the Continued Listing Committee of Toronto Stock Exchange (“TSX”) has determined that the Company satisfies the TSX’s requirements for continued listing. This completes the listing review initiated in connection with Euromax’s recently completed private placement financing and related transactions, as described ...

UK Mineco Group satisfied with implementation of plans in Serbia and Bosnia and Herzegovina mining operations

MINEX Forum | May 22, 2019
img0 Mineco Group, one of the largest international mining investors in the Western Balkans, is successfully realizing its ambitious long-term and mid-term plans, continuing with positive business results, increasing the number of its staff and carrying out development projects. In the past year, the Mineco Group continued to work on improving existing production capacities, including its ...

Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

MINEX Forum | May 15, 2019
img0 SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner’s board members this week, during the company’s annual meeting. The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of ...

Historic Siberian mine to become automated

MINEX Forum | May 14, 2019
img0 The Siberian Coal Energy Company (SUEK ) has partnered with Zyfra Group’s subsidiary VIST Group, to develop an unmanned drilling technology at the Tugnuysky coal mine, located on the border between the Buryatia and Chita regions in south-central Siberia. Officially created in 1989, the open-pit operation has an annual output of approximately 12.5 million tonnes ...

European Metals Holdings PLC eyes further progress in the Czech Republic

MINEX Forum | May 7, 2019
img0 Owns Europe’s largest lithium deposit Mined and refined battery grade metal Preparing a definitive feasibility study   What the company does The company’s blurb describes European Metals Holdings PLC as a UK and Australia-listed exploration business focused on developing a lithium and tin project in Czech Republic. But this doesn’t quite capture the potential of ...