Finland’s new government plans spending spree, Iltalehti reports

MINEX Forum | June 4, 2019
img0 Finland’s next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday. The incoming cabinet, led by Prime Minister-designate Antti Rinne of the Social Democrats, is due to unveil its program and ...

Merkel cabinet approves $45B in aid for coal regions

MINEX Forum | May 23, 2019
img0 German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers. Merkel’s administration announced an exit from coal power in February, saying it will wean the nation off the fossil fuel ...

Only one-eighth of the solar system should be mined – study

MINEX Forum | May 20, 2019
img0 Martin Elvis, senior astrophysicist at the Smithsonian Astrophysical Observatory in Cambridge, and Tony Milligan, a philosopher at King’s College London, collaborated on a study that concludes that humans should be allowed to mine only one-eighth of eligible planets, moons and asteroids, leaving 85% of the solar system untouched. As companies get closer to developing technologies ...

Russia considers export ban on precious metals scrap

MINEX Forum | March 18, 2019
img0 Russia’s trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials. The proposed ban would last from May 1 to Oct. 31 this year, the Kommersant newspaper reported earlier, citing ministry documents. Russian precious metal refining facilities ...

Adriatic Metals wins Urban planning Permit to explore expanded concession areas in Bosnia & Herzegovina

MINEX Forum | February 8, 2019
img0 Adriatic Metals secured the long-awaited Urban Planning Permit from Zenica-Doboj Canton with respect to expanded concession in highly prospective new areas in Bosnia & Herzegovina. The news sent the stock price to trade in the green zone with an intra-day price change of +1.935% on 6 February 2019. In the announcement to Australian Securities Exchange, ...

Macedonia: There is no decision about Ilovica without harmonizing the views of all stakeholders

MINEX Forum | November 19, 2018
img0 Macedonian Government spokesman, Mile Bošnjakovski, said that the decision about the Ilovica mine would not be adopted until the views of all stakeholders have been aligned. Responding to a journalist’s question after a regular press conference of the Government, Bošnjakovski stressed that the government would not do anything to the detriment of citizens. “The Government ...

Russian minister says $7.5 billion windfall tax off the table for now

MINEX Forum | August 23, 2018
img0 Russian government ministries have agreed a proposed windfall tax on metals, mining and chemical companies is “inappropriate” for now, Industry Minister Denis Manturov said on Wednesday. “With colleagues from other ministries, we reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum outside Moscow, adding ...