Azarga Metals Completes 100% Consolidation of Unkur Project

David McHutchon | March 22, 2018
img0 Azarga Metals Corp (“Azarga” or the “Company”) (TSXV:AZR) reports that it has now closed the acquisition of an additional 40% interest in the Unkur Copper-Silver Project, taking its ownership interest from 60% to 100% (the “Unkur Project Consolidation”). On completion of the Unkur Project Consolidation, Azarga Metals will have issued 42,000,000 common shares at a deemed ...

Russian billionaire Potanin buys 2% of Nornickel from Abramovich

David McHutchon | March 15, 2018
img0 Russian billionaire VladimirPotanin‘s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2% stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisional deal last week that allowed him to sell a 4% stake in Norilsk to fellow shareholders Potanin and aluminium producer Rusal, pending the outcome of a London court case. Rusal is trying to stop Abramovich from ...

China’s Zijin Mining interested in Serbian copper mine RTB, Belgrade says

David McHutchon | March 12, 2018
img0 China’s Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the ...

Nordgold became the Montagne d’Or majority shareholder

David McHutchon | September 26, 2017
img0 Nord Gold SE announced that it has become the majority shareholder of Compagnie Minière Montagne d’Or (owner of the Montagne d’Or gold deposit in French Guiana) by obtaining 55.01% of its share capital, said Nordgold’s press-service. On September 14, 2017, the Company signed a Shareholder Agreement with Columbus Gold Corp. outlining the rights and obligations ...

The European Commission added nine new entries to the list of critical raw materials

David McHutchon | September 25, 2017
img0 On 13 September 2017, as part of a renewed EU Industrial Policy Strategy, the Commission has adopted a new list of critical raw materials for the EU. The list identifies raw materials with a high importance to the EU economy and a high risk associated with their supply, said in the Comission’s statement. The new ...

CALM enters Macedonia for $402.5 million

David McHutchon | September 22, 2017
img0 Central Asia Metals plc (AIM: CAML)announced that it has conditionally agreed to purchase a 100 per cent. interest in Lynx Resources Limited (“Lynx”), the owner of the SASA zinc-lead mine in Macedonia, from Orion Co-Investments III L.P. (“Orion”) and Fusion Capital AG for $402.5 million (the “Consideration”). Highlights Transformational transaction for CAML, creating an AIM ...

Novo Litio acquires Medgold’s litium project in Portugal

David McHutchon | September 4, 2017
img0 Novo Litio LTD (ASX: NLI, FRANKFURT: ORM) reports that it has acquired a very large (354km2 ) granted tenement package, over an area of known LCT-type pegmatite occurrences around the Sepeda Lithium Project, from TSX-v listed Medgold Resources Corp. (“Medgold”). This transaction is a major strategic achievement for NLI within the northern pegmatite belt in Portugal. This ...

Cadence Minerals is about to buy a portion of Bacanora Minerals

David McHutchon | August 21, 2017
img0 Image: shkolazhizni.ru Cadence Minerals PLC is looking to sell a “material portion” of its stake held in London-listed Bacanora Minerals Ltd, having failed with its bid to merge with the company last year following a strong rejection by Bacanora, said Alliance News. Cadence said a single strategic investor group has approached the firm about buying part ...