Russian fund plans a $1bn mining venture with China Gold

David McHutchon | November 16, 2017
img0 (Bloomberg) — Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal. “We and China Gold will create an attractive financial platform that private investors can take part in and make ...

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 ...

Trump Jr’s correspondence has positive impact on gold

David McHutchon | July 13, 2017
img0 Funds flowed into gold on Wednesday, while the dollar tanked amid fresh political uncertainty triggered by US President Donald Trump’s son emails and meeting last summer with a Kremlin-linked lawyer that promised “sensitive information” to “incriminate” Democratic presidential nominee Hillary Clinton, mining.com reported. The news came amid an ongoing investigation by the Justice Department and the House ...

Euromax Services to reassess investments to a golden mine near Trun due to enviromental protests

David McHutchon | July 6, 2017
img0 Euromax Services, an indirect subsidiary of Bulgarian copper mining company Asarel-Medet, will reassess its investment plans in Trun, in the west of the country, said seenews.com  with reference to the environment ministry. “Euromax Services is carrying out a complete reassessment of the parameters of the investment proposal […] in relation to the economic and social ...

Serbia is expecting the US$3 billion of mining investments

David McHutchon | June 21, 2017
img0 Following efforts by the Serbian government to reform the country’s mining law, the sector is forecasting a total investment of up to US$3 billion over the next five years, marketintelligence.spglobal.com reported with reference to Terragold mining engineer Dragan Milosevic. “There is a bright future for mining in Serbia,” he said during the European Minex Forum ...

Mundoro Capital launches the new drilling program at the Tilva Rosh gold target

David McHutchon | May 23, 2017
img0 Mundoro Capital Inc. (TSX VENTURE:MUN) (“Mundoro”) announced the start of the drilling program at the Tilva Rosh gold target on the Company’s 100% owned Savinac license (“Savinac”). Savinac is one of the four exploration licenses located in the southern portion of the Timok Magmatic Complex in Serbia that are 100% controlled by Mundoro. “The prior ...

Showcase of Russian mining projects to London investors

David McHutchon | December 6, 2016
img0 Junior companies listed in London, Toronto and Stockholm presented their Russian projects at the 5th annual Investment Conference MINEX Eurasia, which took place in 28 November in London. AzargaMetals Corp Dorian Nicol, President and Chief CEO (CEO) of Azarga Metals Corp, presented the The Unkur Project: A High Grade Silver Copper Deposit in the Zabaikalsky ...

Alrosa’s $818 million SPO added 0.38 % to Russia’s budget

Irina Dorokhova | July 12, 2016
img0 Image: http://www.interfax.ru/ Source: http://www.reuters.com/article/russia-alrosa-privatisation-idUSR4N19Q00R Russia’s government has raised 52.2 billion roubles ($813.05 million) through the sale of a 10.9 percent stake in state-controlled diamond producer Alrosa , Russian Economy Minister Alexei Ulyukayev said on Monday. The order book for the privatisation of Alrosa, the world’s largest producer of rough diamonds in carat terms, was more than 60 ...

China Gold discusses investments to Russian mining

Irina Dorokhova | July 8, 2016
img0 Image: FEDF Source: http://sputniknews.com/business/20160708/1042639551/russia-china-gold-mining.html Russia’s Far East Development Fund and China National Gold Group Corporation are discussing plans to create a joint investment fund to finance gold mining in eastern Russia, the head of the Russian fund Alexey Chekunkov said Friday. The fund will focus on gold mining. China is the world’s largest gold producer and consumer. ...