UK-based Vast Resources has signed a preliminary agreement for a proposed investment of up to $10 million (8.57 million) in the mining company, to be used mostly for the expansion of its Romanian operations. The investment proposal, made by an undisclosed corporate finance and investment firm, will be made in two stages, of $8 million […]

The three way forum for discussion between the government, employers and the unions, the Tripartite, dealt with the challenges and opportunities of lithium mining in the Czech Republic on Monday. The Czech Republic is estimated to have around 6 percent of the world’s reserves of the rare metal, which is used in mobile phones and […]

UK-based platinum production and gold exploration company Eurasia has secured a discovery certificate for its Russian-based Monchetundra project’s 1.9 million ounce palladium equivalent global reserves and resources. The development comes after the company applied for a discovery certificate last month. Eurasia now holds exclusive rights to apply for and receive a mining licence for extraction […]

Back in April 2014 residents of Jermuk and Gndevaz, in Armenia, as well as number of domestic environmental NGOs and civil initiatives sent a complaint to the International Finance Corporation’s Office of the Compliance Advisor/Compliance about Lydian International’s open-pit gold mining project in Amulsar and construction of a cyanide factory for this purpose. 148 residents […]

Lithium developer Novo Litio has extended its share suspension on the ASX on Friday, as the company continues engagements about the legal status of its rights to the Sepeda project, in northern Portugal. The company, which initially requested a trading halt on June 22, said on Friday that its share suspension should continue until July […]

Canadian resource company Gabriel Resources Ltd has said that it will “vigorously challenge” a value-added tax assessment issued by the Romanian tax authority, ANAF, which it says is linked to its decision to begin arbitration proceedings against the Romanian Government. On June 30, 2017, Gabriel confirmed that it had filed a statement of claim against […]

Steady improvement of this facility’s operational efficiency was the key driver for ensuring the sustainability of production and for improving financial results at Solway-owned DOO Bucim Radovish, which is Macedonia’s largest copper mine. In 2016, Bucim produced 43,317 tons of dry copper concentrate, containing 9,032 tons of copper, 21,336 oz. of gold, and 43,109 oz. […]

Mundoro Capital announced drilling results from the Tilva Rosh prospect within the 100% controlled Savinac exploration license in north-eastern Serbia. The Savinac license covers 90 km² and is located in the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp. Teo Dechev, CEO and President of Mundoro commented, “This Phase II drilling […]

Nevsun Resources announced final assay results from the recently completed infill drilling of the Upper Zone at the Company’s Timok copper-gold project (“Timok Project”) in Serbia. Highlights Drilling confirms continuity and the high-grade nature of the Upper Zone New massive and semi-massive sulphide intersections include: 16.94% Cu and 6.97g/t Au over 25.5m, within 4.46% Cu […]