News

JPM’s mining team led by Senior Partner Jelena Gazivoda has advised Raiden Resourced Limited, another publicly listed Australian mining company in the process of raising additional funds to explore and develop its future mining projects through its acquisition of 100% Western Australian-based Timok Resources, the parent company of Serbian companies Kingstown Resources and Skarnore Resources. […]

Mining company Somincor has restarted work on a €260 million project to expand zinc production at its Neves-Corvo mine in Alentejo. “There was a suspension of works on the surface because of strikes but the underground works, which began last May were never stopped”, the mine director told Lusa News Agency. The company still expects […]

UK-based mineral exploration company Erris Resources, via its wholly owned subsidiary, has secured two gold exploration permits in Värmlands, Sweden. The licences, Nordgruvan no.1 and Hornkullen no.2, do not fall under Erris’ existing joint venture with Canadian mining company Centerra Gold. The two new permits cover a total area of 64.2km² and are said to […]

Rocketing demand and prices for lithium, coupled with China’s stranglehold on supply, are reviving interest in mining Europe’s reserves of the coveted metal some call white petroleum. Prices for lithium used in the batteries that power anything from mobile phones to Teslas more than doubled to $21,000 a ton in the past two years. Analysts […]

Ariana Resources, the exploration and development company with gold mining operations in Turkey, shared its preliminary production results for the quarter ended 31 March 2018 for the Kiziltepe Mine which is part of the Red Rabbit Joint Venture with Proccea Construction Co. Gold production in Kızıltepe increased %8 compared to previous quarter and reached to […]

Alba Mineral Resources Plc has confirmed that its licence for the Amitsoq project in Greenland has been extended for 5 years. The explorer’s current tenure at Amitsoq now spans from 2018 to 2022. It also noted that the authorities have confirmed that the spending obligations attached to 2018 have now been reduced to zero. “We […]

Aspire Mining Ltd managing director David Paull says “as a relatively small cap company, we’ve got our foot on a real giant, and realising the value in that giant is really what we’re aiming to do through this year.” The company’s plans for 2018 are focused on developing coking coal deposits in Mongolia to deliver […]

Gold mining firm Polymetal International has signed an agreement to exchange its Tarutin property in Russia with 85% of the Russian Copper Company’s East Tarutin copper-gold property in Kazakhstan. The transaction will see Polymetal acquire an 85% stake in the East Tarutin deposit’s licence holder, Tarutinskoye, in exchange for the transfer of 100% ownership of […]

Back in the 1930s, resources of copper-nickel ores were found near Monchegorsk, and at that time the government took the decision to build a mining and metallurgical plant there. The new data on resources of nickel and platinum group metals on the Kola Peninsula, which geologists received after recent research, prove the Monchegorsk mining-ore district […]

Russia’s corporate sector profits fell in 2017 by 8.7% year-on-year, according to Rosstat, which came as a surprise as the economy as a whole grew by 1.5%. Digging into the details and it transpires that performance is extremely mixed. One of the biggest surprises is the Russia’s coal sector is a stand out performer and […]