Glencore sells African zinc assets to Trevali and gets offtake from all byuer’s mines

David McHutchon | March 14, 2017
img0 Glencore announced that it has entered into a definitive agreement with Trevali Mining Corporation, whereby Trevali will purchase Glencore’s 80% interest in the Rosh Pinah mine in Namibia and 90% interest in the Perkoa mine in Burkina Faso. The aggregate consideration is US$400 million, of which US$244 million is to be paid in cash, with ...

Rathdowny Resources rises debt for its Polish zinc project

David McHutchon | March 6, 2017
img0 Image: rathdowneyresources.com TSX-V-listed project developer Rathdowny Resources has closed a C$6.9-million private placement, which will be used to further advance permitting of the company’s flagship Olza zinc/lead/silver project, in Poland, said miningweekly.com. The Vancouver-based junior has also entered an unsecured C$30 000 debenture with an unrelated lender to use for corporate purposes. The debenture bears a ...

Mineco is about to launch its Serbian lead and zinc mine

David McHutchon | February 2, 2017
img0 UK base metal miner Mineco said it invested a total of $13.5 million (12.5 million euro) in the Bosilegrad lead and zinc mine in eastern Serbia and plans to open it officially in the coming months, SeeNews.com reported. The preparation of the pilot production facility is being finalised and acquired technological experiences will be used for designing the ...

Balkan Zinc to re-open AIM for full stock-market float and Montenegro for zinc

David McHutchon | November 21, 2016
img0 Image: creinternational.com A company looking to reopen a zinc mine in Montenegro is planning the first full stock-market float of a miner in London since 2013. Balkan Zinc intends to join London’s junior AIM market before Christmas with a view to raising £10m. It expects to have a free float of around 60% and a market cap of ...