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 ...

Trans-Siberian Gold plc (TSG.LN) announces its production update at the Asacha Gold Mine for the three months

MINEX Forum | April 30, 2019
img0 Trans-Siberian Gold plc (TSG.LN) announces its production update at the Asacha Gold Mine for the three months ended 31 March 2019 (“Q1” or the “Period”). Q1 Highlights · 52% increase YoY in gold production to 12,345 oz (Q1 2018: 8,100oz), driven by higher grades and better recoveries · On track to meet full year production ...

Raiden to launch drilling programme at copper-gold licence in Serbia in Q2

MINEX Forum | April 16, 2019
img0 Australian mining group Raiden Resources said it plans to launch a diamond drilling programme at its Donje Nevlje copper-gold project in southern Serbia in the second quarter of 2019. The 1,500-metre diamond drilling programme aims to evaluate porphyry and epithermal mineralisation prospects and will be based on the modelling of the induced polarization (IP) data ...

Highland Gold targeting higher production in 2019

MINEX Forum | April 15, 2019
img0 Russian gold miner Highland Gold on Friday posted profit of $56.08-million for 2018, compared with $65.86-million in 2017, as its revenue declined on a slight dip in production. The mining company generated $311.15-million in revenue, compared with $316.68-million, while earnings before interest, taxes, depreciation and amortisation came to $153.06-million, from $155.28-million in 2017. Total production ...

Miners’ spending on hunt for copper, EV metals hits $10 billion

MINEX Forum | November 15, 2018
img0 Exploration spending in the mining sector rose for a second year to near $10 billion as the industry makes a cautious shift to growth and prepares for forecast booming demand for copper and metals used in electric vehicle batteries, according to S&P Global Market Intelligence. Budgets jumped about 19%, outpacing last year’s gain, which had ...

Kazatomprom IPO begins

MINEX Forum | November 14, 2018
img0 Conditional trading of shares in Kazakh uranium producer NAC Kazatomprom has today begun on the London Stock Exchange (LSE). The company is also due to float on the stock exchange of the Astana International Finance Centre (AIX). Kazakh sovereign wealth fund Samruk-Kazyna has offered 38,903,491 shares including global depositary receipts, or GDRs, representing 15% of ...