Canada-based Medgold Resources said it has signed a binding option agreement to sell a 100% interest in the Tlamino gold project in southern Serbia to Australia-based mining company MetalsTech for 3 million Australian dollars ($2.2 million/1.9 million euro) in cash. The exclusive option is exercisable by MetalsTech on or before 30 calendar days from the […]

Canadian gold exploration company Velocity Minerals said that it has delivered a notice of option exercise to Bulgarian metal ore mining company Gorubso-Kardzhali for the Nadezhda property which includes the Makedontsi gold project. “Following delivery of the exercise notice, Velocity is deemed to have earned a 70% interest in the property and to be in […]

GeoProMining Gold LLC intends to operate Armenia’s Sotk gold mine until 2025 via the open-pit method, after which it will revert to closed-pit mining. GeoProMining Gold LLC, which runs the mine, is wholly owned by Cyprus-registered GeoProMining that is majority owned by Russian billionaire businessman Roman Trotsensko. The company has submitted a draft environmental safety […]

The Armenian government is caught between a rock and a hard place as it tries to mediate between environmental activists and an international mining company. Last year, a small-scale “battle” took place in a picturesque stretch of mountains in Armenia’s Vayots Dzor region. For years, Lydian Armenia, a subsidiary of Jersey-registered mining company Lydian International, […]

The Muruntau gold mine, located in the Qizilqum (aka Kyzyl-Kum) desert in Uzbekistan, is the world’s biggest open-cast gold mine. Discovered in 1958, surface mining started in 1967 and dug the giant kilometres-wide hole that the mine is today. Owned and operated by Uzbekistan’s state Navoi Mining & Metallurgy Kombinat (NMMC), it is also going […]

Turkey’s exports from mining have reached new pandemic heights, increasing by 48% in the first nine months of 2021, reaching a healthy $4.38 billion with China, the U.S. and Spain topping the list of destination countries Turkey’s mineral exports increased by 48% in the January-September period of 2021, compared to the same period of the previous year, […]

Canada’s Centerra Gold has said that the flagship Kumtor gold mine—seized from the company by the Kyrgyz government in May—underperformed the 2021 mine plan for June through September by 24%, Mining.com reported. According to a Centerra statement sent to the media outlet, Kyrgyz authorities and the state-imposed “external management” continue to claim the mine is operating […]

Russia’s State Development Corporation VEB.RF will finance supply of Russian equipment for the largest copper processing plant in Uzbekistan. A 712 million Euro loan agreement was signed between VEB.RF and Almalyk mining and metallurgical complex ahead of visit of President of Uzbekistan Shavkat Mirziyoyev to Russia. The loan will be spent for construction of the […]

The project’s global warming potential was modelled by consultancy Minviro using an ISO-compliant life cycle assessment to quantify emissions from the lithium chemical production and to provide clear resolutions of emission drivers. It also identified that solar power electric mining fleet, Hypex Bio explosives and green hydrogen for thermal energy could be used to reduce […]