Polymetal International said it had upgraded the mineral resource estimate at its Prognoz silver deposit in Russia. The fresh estimate amounted to 256m ounces of silver equivalent at 789 grams per tonne. ‘In-fill drilling results exceeded our expectations and strengthened our belief that Prognoz may succeed Dukat as one of the largest primary silver deposits […]

Reuters report Codelco is in talks to sell up to 60,000 tonnes of copper a year to China Minmetals from 2019 to 2021, marking a change in sales strategy at Chile’s state-owned miner which typically made deals on an annual basis, industry sources said. The aim was to agree “evergreen” three-year deals in which the […]

Vast Resources said Romania authorities had granted it with a mining licence for its proposed Baita Plai project. A formal association licence was granted by Romania’s National Agency for Mineral Resources. ‘After a long and difficult process, we are delighted to now be in a position to work towards the re-opening of the Baita Plai […]

The Australian-based mining company European Metals Holdings is continuing with preparations for lithium mining in the Czech Republic, despite the fact that the Czech government does not consider the memorandum on the extraction and processing of lithium, signed with EMH last year, legally binding and wants a Czech state-run company to mine and process the […]

Alexander Mining PLC said Tuesday that its partner Proses Muhendislik Danismanlik Insaat ve Tasarim AS made “major progress” to establish a zinc plat in Turkey. Alexander Mining shares were trading up 21% at 0.13 pence each on the back of the news. Alexander Mining reached a deal with Proses in February, under which Proses has […]

Precious metals mining company Polymetal International has purchased the remaining 20% stake in Saum Mining Company, which holds the licence for the Saum polymetallic deposit in Russia. The transaction, which comes after a successful exploration drilling campaign at the property, increases Polymetal’s interest in the Saum deposit to 100%. With resources of 435Koz of gold […]

A Russian commercial bank has gained control over Armenia’s second largest copper and molybdenum mine after its owner’s failure to repay hundreds of millions of dollars in outstanding debts. Vallex was no longer able to repay the debt after shutting down the mine in January this year. Most of the 1,200 or so people working […]

Serbia’s competition protection authority approved the takeover of a 63 percent share in the Mining and Smelting Complex Bor by the Chinse company Zijin, which became the strategic partner of that company. The authority’s reasoning stated that the Zijin company never operated on the Serbian market so far, and they are expected to take over […]

Aim-listed Beowulf Mining is pushing ahead with the Aitolampi graphite project and is meeting with key decision-makers in Heinävesi to discuss the Finland-based project, CEO Kurt Budge said on Friday. He stated that, although an imminent decision on its Kallak project, in neighbouring Sweden, had been delayed by the general election, the company was preparing […]