Serbia’s mining sector could contribute 5% of national output by 2023- minister

MINEX Forum | December 5, 2018
img0 Serbia’s mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said. The sector currently accounts for 1 percent of Serbia’s gross domestic product. But since 2000, when a decade of isolation of the former ...

Medgold hunts for gold in Serbia with Fortuna Silver

MINEX Forum | November 27, 2018
img0 Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding. Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams ...

Dundee Precious Metals Announces the Filing of a Technical Report for the Timok Gold Project In Serbia

MINEX Forum | November 13, 2018
img0 Dundee Precious Metals Inc. advised that, following the announcement of an updated Mineral Resource Estimate for the Timok Gold Project in Serbia on September 24, 2018, it has today filed a technical report entitled “NI 43-101 Technical Report – Mineral Resource Estimate Update for the Timok Gold Project, Serbia” effective May 15, 2018 and dated ...

Rio Tinto developing new chemical procedure to process jadarite in Serbia

MINEX Forum | November 1, 2018
img0 Research and development in Melbourne’s outer suburbs is paving the way for a unique new mineral with the potential to supply a significant portion of global demand for lithium and borates. Rio Tinto’s Technical Development Centre in Bundoora, in collaboration with the company’s team of global experts, is developing a new chemical procedure to process ...

Mundoro Announces Drill Program at Two of Its Licenses in Timok Serbia

MINEX Forum | October 31, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company“) is pleased to announce two drill rigs have been mobilized to commence a drill program at the Savinac and Bacevica exploration licenses. The drill program is being sole funded by Freeport-McMoRan Exploration Corporation (“Freeport“) as part of an earn-in agreement (“Agreement“), in which Mundoro has granted Freeport ...

Mundoro announces extension of drill program on Jogmec-Mundoro JV Project in Timok, Serbia

MINEX Forum | October 24, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company“) is pleased to announce that the previously announced drill program on July 5, 2018 at the Borsko Jezero license (“Borsko”) has been extended by 2,200 meters to a total of 7,200 meters over 7 drill holes. Borsko is one of the four licenses being sole funded by ...

Serbia is mining away a green future

MINEX Forum | September 18, 2018
img0 Serbia’s notorious Drmno coal mine is rapidly expanding on Chinese loans, pushing the country towards high-carbon lock-in and long-term debt. The Drmno mine in Serbia is rapidly expanding, without anyone knowing what its impacts will be. Despite a planned 30 per cent increase in production volume, no figures on the surface areas expansion have been ...

Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion

MINEX Forum | September 5, 2018
img0 Consideration of C$6.00 per share represents 57% premium to unaffected Nevsun share price Board of Directors unanimously recommends Nevsun shareholders ACCEPT the Offer Vancouver, BC, / Fujian, China — Nevsun Resources Ltd. (TSX:NSU) (NYSE AMERICAN: NSU) (“Nevsun” or the “Company”) and Zijin Mining Group Co.Ltd. (SH:601899, SEHK:2899) (“Zijin”) today announced that the parties have entered into a definitive agreement pursuant ...