Velocity Minerals has signed an option agreement with Gorubso Kardzhali to acquire a 70% interest in the 388ha Momchil property in south-east Bulgaria. This property also includes the Obichnik gold deposit, which is a geological resource located in southeast Bulgaria.  It is approximately 25km by road from Gorubso’s modern CIL processing plant. Under the option […]

Mineral exploration in the country is being opposed by residents, councils and environmental groups.   A company based in the United Arab Emirates, Exchange Minerals Ltd, has made a formal request to mine on Portuguese soil. The request was made to excavate for minerals such as gold, copper, silver, and zinc, across a total area […]

Turkey’s annual gold production “may easily reach 50 tons within the next two-three years, thanks to new investment projects,” the head of the Turkish Gold Miners Association has said. The country’s gold production, which was 22 tons in 2017, rose to 27 tons in 2018, Hasan Yücel said in a statement. He noted that Turkey produced a total of 302 tons of gold from […]

Tin One Mining, the mineral exploration and development company co-owned by Lancaster Group and Samruk Kazyna Invest, has started exploration at Central Asia’s largest and Kazakhstan’s only tin field in Syrymbet village in the North Kazakhstan Region.   Syrymbet is the world’s largest undeveloped tin and complex rare earth polymetal deposit. It was discovered in […]

Concession-owners at another goldmine, Jerooy, say production may start this year   The start of production is beckoning at Kyrgyzstan’s second-largest goldmine, the owner of the concession has announced. News that Jerooy could start turning out gold by the year’s end could not have come at a more auspicious time. Last week, the International Monetary […]

  UK-based Eurasia Mining has lodged an application seeking approval for a new exploration licence area (ELA) for Tipil, Russia. The new Tipil licence extends over 24.5km² located adjacent to the current West Kytlim mining licence. It contains nearly 17km of river course and sedimentary units known to host platinum group metal (PGM) deposits at the […]

Sandfire announced that it had increased its holdings of Adriatic Metals, a UK-based junior focused on a lead-zinc project in Bosnia and Herzegovina. Over the past five months Sandfire spent $5.3 million and purchased 5.2 million shares giving it a 11% interest in Adriatic. Sandfire Resources is a mid-tier Australian mining and exploration company, which […]

  Australian mining group Raiden Resources has assumed the full ownership of the Zupa copper-gold project in southern Serbia. The transfer of the Zupa project to Raiden’s Serbian subsidiary Skarnore Resources from local company Balkan Mineral Corporation was approved by the Serbian Ministry of Mines and Energy and is now complete, the Australian group said […]

Rosia Montană Gold Corporation (RMGC), the developer of the gold mining project at Roşia Montană, in western Romania, obtained from the country’s mineral resources agency ANRM an addendum to the concession license for the gold exploitation. The document extends the validity of the license for another five years and increases the fee charged by the state […]