Aim-listed base metals miner Central Asia Metals will buy Bermuda-based Lynx Resources for $402.5-million. Lynx, which is owned by Bermuda-based fund Orion Co-Investments III and Swiss private equity firm Fusion Capital, owns the SASA zinc/lead mine in Macedonia. The mine produced 22 515 t of zinc in concentrate and 28 995 t of lead in […]

Opinions have long been divided over a gold mine in Greece. For years, advocates have talked about jobs and investments, while opponents worry about irreparable environmental damage. The government has said nothing. “Louder!” someone shouts as Christos Adamidis steps up to the microphone. “Only if you don’t say again afterwards that I was yelling,” he […]

Centerra Gold of Toronto, its subsidiaries (Kumtor Gold Company and Kumtor Operating Company), and the government of this Asian nation have reached a settlement following long standing disputes between the two concerning Centerra’s Kumtor gold mine. The mine is the largest owned by Centerra as well as being the biggest in Kyrgyzstan. The government had […]

A few years ago, my wife and I visited the monastery of Akhtala, a 10th-century fortified Armenian church with impressive murals. The church is situated on a hill above the Debet river, in Lori province, in Armenia’s north. Near the river, there was a toxic pool of tailings from nearby copper mines. As my wife […]

The mining and smelting facility in the Magadan Region launched by Russia’s gold producer Poluys that develops the Natalka gold deposit during the 3rd Eastern Economic Forum, will make Russia the world’s second-biggest gold producer after China, press service of the Ministry for the Development of the Russian Far East reported Wednesday. “The largest facility […]

The Greek government entered a process of arbitration with a Canadian gold mining company on Thursday, days after the company threatened to suspend its investments in the country over what it said were delays in the issuing of permits. Vancouver-based Eldorado Gold had on Monday threatened to suspend all investments in Greece on Sept. 22 […]

British group Vast Resources and the state-owned firm Baita, which holds the license for the Baita Plai mine in Western Romania, have reached an agreement on the mine’s exploitation. The association process will be completed this month. As part of the agreement, the British group needs to pay the Romanian company some USD 1.6 million. […]

Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that the company had decided to list on the TSX-V earlier this month as […]

Greece said on Wednesday it would grant Canada’s Eldorado Gold outstanding permits this week to enable it to fully operate one of its three Greek projects, days after the miner threatened to suspend a major investment in the country. Eldorado’s investment in northern Greece is among the biggest since its debt crisis began seven years […]