The Jadar Resources program drilled two maiden holes for a total of 1238.1 metres at the Rekovac lithium and borate project in Serbia and had made some promising results. The company intersected preserved Borate and Lithium mineralisation in both holes, suggesting the site could hold a large mineral system.   As the two holes were […]

Kizevak and Sastavci are former silver-zinc-lead mines in the Raska district of South-western Serbia. Serbian company EFPP d.o.o. is the holder of two exploration licences over these past-producing mines. Tethyan Resource Corp. announced that it has closed the transaction for the acquisition of 10% of EFPP and the exclusive right to purchase the remaining 90% […]

Mundoro Capital Inc. is a Canadian-based junior mining company that is utilizing the proven partner model to boost mining exploration in Serbia and Bulgaria’s Tethyan belt and is focused on investing in base metal and precious metal projects in the western portion of the Tethyan belt in Bulgaria and Serbia. The company focuses on copper […]

All the new reservations are in the Karelian Craton in Finland, where Karelian Diamond Resources said it was actively working on the discovery and development of economic diamond deposits. The company has announced that the Finland mining authority, TUKES, has granted it three strategic diamond exploration reservations.   The AIM-traded firm said one of those, […]

The shareholders of European Metals have approved the investment by Czech energy group CEZ. European Metals said the approval paves the way for Cinovec to become the first European Union producer of battery-grade lithium compounds from a local lithium source. Investment is worth €29.1 million (A$49.3 million) for a 51% interest in the company’s Cinovec […]

Siting the State Statistics Committee, local media reported that in the period of January-March the volume of Azerbaijan’s gold and silver mining industry increased by 23 percent and 72 percent respectively year-on-year. As of April 1, 2020, the reserves of mined silver in the warehouses of manufacturing companies are 34.9 kg. Gold mining increased by […]

The Government of Uzbekistan said that, in the next five years, it will modernize the country’s first mining company, Navoi Mining and Metallurgical Plant.   President of Uzbekistan Shavkat Mirziyoyev has asked the government to implement a development program under which the company’s gold production capacity will be raised to 94 tons by 2026, the […]

It is claimed by an international EU report that the Armenian government is under pressure from the UK government with a two-year standoff between protesters, an international mining company and the authorities. After the country underwent its “Velvet Revolution” in 2018, when public protests forced the ruling Republican Party out of power, The Amulsar gold […]

Russia, a major producer of dozens of metals for the global market, has so far managed to keep production largely unaffected at its main smelting and mining regions from the pandemic but cannot secure them from reduced global demand and uncertainty. As the new coronavirus outbreak is adding to risks, three of Russian metals and […]